NSFX Review | About NSFX
If you are looking for a top-quality, regulated forex broker with a sterling reputation in the industry, then you really should take a closer look at NSFX.
Founded by a group of financial professionals in the financial industry to create an online trading brokerage that would offer a wide range of investment products to all types of traders and institutions. Moreover, the trading platform and IT infrastructure at NSFX was designed was designed with the needs of active traders in mind.
NSFX Review | Regulations
NSFX Ltd. holds a Category 3 Investment Services License No. IS/56519 from the Malta Financial Services Authority. The MFSA is a completely autonomous public institution and reports to the Maltese Parliament on an annual basis.
NSFX is required to submit monthly reports confirming it remains in full compliance with EU capital ratios. Client funds are held separately from other company funds. NSFX is a Maltese financial institution, and is governed by Maltese law and regulations.
Of note, NSFX is authorized to operate within the EEA and a number of regulatory bodies have given their approval to NSFX to offer investment services in their jurisdictions:
United Kingdom – Registration Number: 595195, Germany – Registration Number: 131055, France – Registration Number: 74397, Registration Number: 3597, Spain – Registration Number: 3354, Denmark – Registration Number: 9221.
NSFX Review | Various Accounts Offered at NSFX
Different traders come to the table with various levels of experience, which is why NSFX offers Standard, Professional and VIP accounts. Standard accounts enjoy a minimum initial deposit of $300, trade sizes as small as 0.01 lot, up to 200 to 1 leverage, and low fixed spreads.
Professional accounts receive access to NSFX’s ECN network providing liquidity from major financial institutions, as well as a mere $3000 minimum initial deposit, trade sizes as small 0.01 lot, leverage up to 100 to 1, and no dealing desk.
VIP accounts at NSFX ($50,000 minimum initial deposit) offer the best of all worlds, including fixed or variable spreads, no dealing desk, instant execution and a dedicated personal account manager.
NSFX Review | Instruments and Leverage
NSFX offers more than 70 investment instruments, including more than 50 currency pairs and over a dozen stock index or commodity trading instruments. Many of these investment products are based on contracts for difference (or CFDs), where a trader either collects or pays the difference between the opening and closing price of a contract.
NSFX Review | Commissions and Spreads
Most account types offered by NSFX have no commissions. Moreover, spread start as low as 1 pip. Professional ECN accounts receive the best available prices directly from the broker’s liquidity providers with a commission of $40 per million per side. Spreads can be as low as 0.1 pip.
NSFX Review | Deposits and withdrawals
As an industry leader, NSFX is proud to offer a broad range of banking options to its clients.
You can easily deposit funds into your account using a bank wire transfer, American Express, MasterCard, Visa, Maestro Skrill, and Fast Bank Transfer.
It is also simple and quick to withdraw funds at NSFX. All you have to do is click on “Withdrawal Request” on your MyNSFX Dashboard, and then enter the withdrawal amount.
Note that NSFX does not charge fees for withdrawals except for Skrill (a 3% withdrawal fee). In an effort to maximize customer convenience, NSFX makes an effort to process all withdrawal within one business day.