Home » Reviews » NSFX
Broker Review Contents
NSFX Review
NSFX is a provider of forex trading services. Traders can access a wide range of products in a variety of markets, including currencies and indices.
Pros
- Segregates client funds
- Established in 2010
- Regulated by MFSA
- Min. deposit from $300
Cons
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
- Not FCA Regulated (See alternatives)
A minimum deposit of $300 is required for a live account. NSFX, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
Regulated by MFSA. NSFX client funds are held in a segregated bank account and they work with tier-1 banks. NSFX was established in 2010, and their head office is in Malta.
Before we get into the specifics of NSFX’s spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are NSFX’s spreads & fees?
NSFX, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.
The commissions and minimum spreads shown here are taken from NSFX’s website.
| Forex | NSFX | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 0.5 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 1.2 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 1.4 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 1.1 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 1.2 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 1.1 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 1.2 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 1.1 pips | 0.5 pips | 0.1 pips |
The spreads are variable and are displayed for information purposes.
As you can see, NSFX’s minimum EUR/USD spread is 0.5 pips, which is low when compared to the average EUR/USD spread of 0.70 pips.
The table below compares the costs of trading one lot of EUR/USD with NSFX vs. similar brokers.
How much does NSFX charge to trade 1 lot of EUR/USD?
You would likely spend $40.32 if you bought one standard lot of EUR/USD (100k units) with NSFX at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.
| NSFX | IG | XTB | |
| Spread from: | $ 5.00 | $ 6.00 | $ 2.00 |
| Commission: | $8.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 13.00 | $ 6.00 | $ 2.00 |
| $7 less | $11 less | ||
| VISIT NSFX | VISIT IG | VISIT XTB |
Fees and quotes are displayed for information purposes and could change.
What can you trade with NSFX?
Over 40 different instruments, including 28 currency pairs, are available to trade at NSFX. Below, we’ve summarised all of NSFX’s several types of instruments, as well as the instruments given by IG and XTB for comparison.
| FX / Currencies | NSFX | IG | XTB |
| # of forex pairs offered | 28 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | Yes | Yes | Yes |
| Commodity CFDs | NSFX | IG | XTB |
| # of commodities offered | 4 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Index & Stock CFDs | NSFX | IG | XTB |
| # of stocks offered | 8000 | 1606 | |
| UK shares | No | Yes | Yes |
| US shares | No | Yes | Yes |
| German shares | No | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| SEE NSFX’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the NSFX trading experience like?
1) Platforms and apps
The popular MT4 forex trading software is available from NSFX. See our MT4 broker comparison for a list of the best MT4 brokers. NSFX also offers their Jforex platform, which is unique to them. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.
They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.
Still not sure?
Open a demo account and learn how to trade.
2) Executing Trades
You can trade as little as 0.01 Lot with NSFX. Depending on the account you open, this may differ. They allow you to trade up to 100 lots per trade. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because NSFX offers STP and ECN execution.
NSFX, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.
Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.
Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
We have included a list of some of the most common funding options that NSFX provides to its traders.
Trading Features:
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
Accounts offered:
- Demo account
- Micro account
- Mini account
- Standard account
- ECN account
- Managed account
Funding methods:
- Credit cards
- Bank Transfer
- American Express
3) Client support
NSFX offers support in languages like English and Arabic.
4) What you’ll need to open an account with NSFX
Because NSFX is regulated by the MFSA, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:
- a color copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.
You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.
To begin the on-boarding process with NSFX, you can go to their website.
79% of retail investor accounts lose money when trading CFDs with this provider.
