NSFX Demo Account Review
NSFX.com is worthy of your consideration, even though they just opened their doors for business in 2012.
The firm is subject to some of the strictest regulatory compliance regimens on the planet, and it has taken specific steps to segregate your deposits in Tier-1 banks in separate accounts, far from their operating capital.
Financial professionals that understand the business and know how technology can reshape the competitive playing field founded NSFX.com in 2012.
The firm has operating licenses issued by the Malta Financial Services Authority (The MFSA), files monthly compliance reports with major regulatory bodies, and is in full compliance with the European MiFID (Markets in Financial Instruments Directive), the FSA, and many other regulatory bodies across Europe.
The company distinguishes itself, however, in its approach to technology.
They use the Metatrader 4 line of products, but they have gone one step further, utilizing the best, designers, software developers, and analysts to create an innovative framework not seen from other brokers. The term their new approach as “MyNSFX”, defined as “a unified client and partner management console that incorporates the trading platform with every tool no more than one click away and is fully integrated into the core system.”
The firm’s obvious goal is to immerse you in the next generation of forex trading.
NSFX Beginners’ and Customer Support
The NSFX.com website may be viewed either in English & Arabic. An account manager is assigned to each new account, and customer service representatives are available “24/7” that speak each of the above languages with the exception of Turkish.
The Trading Academy is also free and is full of resources that will benefit beginner and veteran alike from learning the basics to developing complex trading strategies. There are weekly webinars on all aspects of trading and a vast library of video tutorials.
they have an very extensive academy for the new traders, this part they offer a video Course.
FX Video Courses | NSFX Demo Account Gives access
Features of NSFX
Why trade with NSFX.com? The firm lists these reasons:
- NSFX is in compliance with all major regulatory agencies across Europe;
- Client deposits are 100% segregated in Tier-1 bank accounts, separate from the firm’s operating capital;
- The firm has partnered with Barclays, CitiFX Pro, UBS, Bank of America and Deutsche Bank to secure the stability, safety and liquidity that only large banking institutions can provide;
- Negative balance protection is provided on all accounts;
- Trade 70+ currency pairs, choosing fixed or variable spread trading methods;
- Trade from any device with the company’s proprietary trading platform or use one of the many MT4 trading offerings for either traditional or ECN type trading efficiency;
- Leverage varies by platform choice but can be as high as 200:1;
- Spreads can be as low as 0.9 pips on the EUR/USD pair;
- A personal account manager is included with each account package;
- Registration is free, but the minimum deposit is $300;
- Major credit and debit cards, wire transfer, and a variety of local payment methods ensure prompt and easy movements of funds;
- Full range of educational and training materials, ebooks, and tutorials;
- Customer service reps are available “24/7” and speak English, Arabic, Italian, and German, while the website can be read in each of these plus Turkish.
|MT4 FIXED||MT4 ECN||JForex|
|Initial Minimum Deposit||300 USD||3,000 USD||5,000 USD|
|Lot Size (FX)||100,000 Units||100,000 Units||100,000 Units|
|Minimum Trade||0.01 Lot||0.01 Lot||0.01 Lot|
|Maximum Leverage||Up to 1:50||Up to 1:50||Up to 1:50|
|Spreads||Fixed||Variable Spreads||Variable with Market Depth|
|Instruments||FX Majors||50+ Currency Pairs, Commodities, Indices||50+ Currency Pairs, Commodities, Indices|
|Deposit Currency||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP|
|Deposit Options||Bank Wire, Credit Card, Skrill||Bank Wire, Credit Card, Skrill||Bank Wire, Credit Card, Skrill|
|MAC/Linux friendly||Web-based||Web-based||Full Download Version|
|Mobile Trading/Tablets||iOS & Android||iOS & Android||iOS & Android|
|Live Support||24 / 5||24 / 5||24 / 5|
|Execution||Instant Execution||Market Execution||Market execution|
|Expert Advisors||Disabled||Enabled (MQL)||Enabled (Java)|
|Personal Account Manager||Yes||Yes||Dedicated|
|*Commissions on Trades||No Commissions||$8 per lot R/T||$8 per lot R/T|
Spreads and Leverage
Spreads using an ECN approach can be as thin as 0.9 pips for the Euro. Leverage varies by trading platform from 100:1 to 200:1.
Developed in 2000 by MetaQuotes Software Corporation, the MetaTrader4 trading platform fast became one of the most popular trading platforms in the world. The MT4 platform is dynamic and user- friendly, providing traders with a powerful range of features and tools including:
- World’s most used trading platform
- Exceptional Execution
- Suitable for fundamental and technical traders
- Powerful Charting Tools
- Multilingual Facility
- Real Time Quotes
- Custom trading strategies
- Automated trading alarms and signal messages
- Wide range of indicators and expert advisors
- Available for: Desktop, Web and Mobile
- One click trading
NSFX’s JForex trading platform offers clients the ultimate trading experience.
JForex takes trading to the next level, providing exceptional execution under any market conditions due to the integrated ECN and STP trading technology and the tightest spreads due to the deep liquidity from the Tier 1 liquidity providers. The JForex platform is suitable for any type of trader – from beginner to professional, and traders who use proprietary automated trading systems.
JForex supports a wide range of direct and pending orders with the ability to place trades directly within the spread. Orders include Market, Limit, Stop, Stop Loss, Take Profit, Place/Bid offer, Trailing Stop, Stop Limit, OCO, IFD, and more. The JForex platform also has a built-in API which allows for custom strategies and actual cod programming. Other built-in capabilities include over 180 technical indicators, live news stream, economic calendar and integrated analysis tools.
JForex contains additional cross-connected platforms such as the PAMM for money managers, hedge funds and financial advisers as well as the Visual Strategy Builder and Optimiser for automated system programmers and traders.
JForex platforms exist for Web, mobile smart devices and desktop.
- Exceptional execution under any market conditions
- Integrated ECN and STP trading technology
- Tight spreads
- Suitable for any type of trader – from beginner to professional
- Ability to place trades directly within the spread.A built-in API
- Integrated Economic Calendar and Analysis
- Over 180 technical indicators
- Cross-connected platforms
- Available for: Desktop, Web and Mobile
Deposits and Withdrawals
All major credit/debit cards, Moneybookers (Skrill), banking wire transfer, and CashU are supported, making deposits and withdrawals a convenient and easy process. in addition The minimum deposit required has been set at $300, and withdrawal requests will be handled promptly, as long as internationally mandated identity documentation is already on file.
NSFX Ltd. holds a Category 3 investment services License no. IS/56519 issued by the Malta Financial Services Authority (The MFSA).
Regulated by MFSA
Malta Financial Services Authority
The Malta Financial Services Authority MFSA is the single regulator for financial services in Malta. It was set up by special Act of Parliament, the Malta Financial Services Authority Act, 1988 as amended in 1994 and 2002 taking over supervisory functions previously carried out by the Central Bank of Malta, the Malta Stock Exchange and the Malta Financial Services Centre. The Authority is a fully autonomous public institution and reports to Parliament on an annual basis.
Markets in Financial Instruments Directive
NSFX Ltd. complies with the European Markets in Financial Instruments Directive (MiFID). MiFID provides a harmonized regulatory environment for investment services across the European Economic Area (EEA). The main objectives of the MiFID Directive are to enhance financial transparency, increase competition, and offer greater consumer protection in investment services.
NSFX Ltd. is authorised to operate within the EEA and the following regulatory bodies have given their approval for NSFX Ltd to provide cross border investment services in their country:
Financial Conduct Authority
United Kingdom – Registration Number: 595195
The Financial Conduct Authority (FCA) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. It is a company limited by guarantee and financed by the financial services industry. Read More »
Federal Financial Supervisory Authority
Germany – Registration Number: 131055
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) supervises banks, financial services providers, insurance undertakings and securities trading. The objective of financial supervision is to ensure the proper functioning, stability and integrity of the German financial market.
French Prudential Supervisory Authority
France – Registration Number: 74397
The French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel – ACP) is an independent administrative authority, which monitors the activities of banks and insurance companies in France. It operates under the auspices of the French central bank, Banque de France. Read More »
Italy – Registration Number: 3597
The supervisory authority for the Italian financial products market; its aims are to protect investors and the efficiency, transparency and development of the market. Read More »
Comisión Nacional del Mercado de Valores
Spain – Registration Number: 3354
The Comisión Nacional del Mercado de Valores (CNMV) is the agency in charge of supervising and inspecting the Spanish Stock Markets and the activities of all the participants in those markets. It was created by the Securities Market Law, which instituted in-depth reforms of this segment of the Spanish financial system. Read More »
Denmark – Registration Number: 9221
The Danish FSA is part of the Ministry of Business and Growth and acts as secretariat for the Financial Business Council, the Danish Securities Council and the Money and Pension Panel. Read More »