NSFX Broker Review 2020 | We Compare Brokers

Please select the second broker

Take Me To Broker
Title

NSFX Broker Review

Review By: Max Webster Review Updated: June 17, 2020

Address: 168 St Christopher Street Valleta 1467 Malta

Phone: +356 27781919

Forex CFD Commodities

Spread

From 3.4 pips

Max. Leverage

1:30

Deposit Protection

£85,000 GBP

Min. Deposit

$300 USD

Spread

From 1 pip

Max. Leverage

1:20

Deposit Protection

£85,000 GBP

Min. Deposit

$300 USD

Spread

From 1.1 pips

Max. Leverage

1:20

Deposit Protection

£85,000 GBP

Min. Deposit

$300 USD

Our Overall Rating

Rating 4
Take me to broker Compare Brokers Side by Side

NSFX is an online broker, specialising in Forex trading, and offering over 50 Forex pairs, alongside some CFDs, plus Gold and other metals. Based in Malta, the broker is regulated by the Malta Financial Services Authority (MFSA) and is entirely MIFID compliant. NSFX is also authorised under other relevant authorities in the jurisdictions in which it operates, including the Financial Conduct Authority (FCA) in the UK. The company believes in offering high-quality service, based on what it refers to as the Three Trading Pillars: Innovative Trading Platforms, Innovative Trading Tools, and Excellent Trading Conditions.

Commissions & Fees

Rating

Like many online brokers, NSFX offers a commission-free model when it comes to trading Forex, and instead takes its fees from the spreads. NSFX spreads are relatively competitive, with an average spread of 0.7 pips on EUR/USD currently quoted. Tight spreads keep overall trading costs nice and low, and there are also very few extra or ‘hidden’ fees. The broker does not charge an inactivity fee, and withdrawal fees depend on the method used but are quite low. NSFX does charge a commission on trading CFDs, with the current fee structure displayed on the website.

Platforms & Tools

Rating

NSFX provides a custom trading platform, known as JForex, available as a desktop download or as a web-based platform. This offers a range of trading and charting tools and a choice of orders including market, stop loss, trailing stop loss and take profit orders. The platform provides over 180 technical indicators, an economic calendar and a live news stream. MT4 trading is also possible along with all the features, tools and indicators all MT4 traders have come to expect. The broker offers free mobile trading apps for both iOS and Android devices, and mobile trading is possible whether you are using MT4 or the custom platform.

Customer Service

Rating

Customer support can be reached via dedicated support phone lines, with the main phone line to reach the Malta office, and separate phone lines provided for the countries most frequently served by this broker, including the UK, Germany and Spain. Clients can also fill out a contact form on the website or email support directly. There is a live chat option, but we found that it is not continuously available, with an attempt to log on to live chat often resulting in a request to leave a message as there is no-one available to chat. Responses to messages and email requests are, however, quick, polite and helpful. The firm does run social media accounts, but they do not appear to be very active

Research

Rating

NSFX Academy offers many short videos and ebooks , VOD (Videos on Demand) and tutorials

Ease of Use

Rating

Mobile Trading

Rating

Regulatory details

NSFX Prohibited countries:

United States

From their website:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Over the past 12 months 77% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Final Thoughts

NSFX strives to meet its own self-determined ‘pillars’ of good trading, providing innovative trading platforms, a wide range of cutting-edge trading tools, and excellent trading conditions. Fees are reasonable, the website is clean and easy to navigate, MT4 trading is available, and there is a good choice of funding options. Robust mobile apps provide flexibility and convenience for trading on the go. Customer support could use some improvement, and there is a limited choice of instruments, but over 50 Forex pairs, making this an attractive choice for those specialising in Forex and wanting a larger number of pairs to choose from to diversify their Forex trading activities.


Before you go…. have you spotted any data in our review which you think is inaccurate? If so please tell us

Related Guides

XM

Variable

Spreads:

See All Spreads

$5 USD

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
  • cTrader
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
Open Demo Account Compare Brokers Side by Side Read Full Review
Pepperstone Review | Pepperstone Logo | We Compare Brokers

Pepperstone

From 0.3 Points

Spreads:

See All Spreads

$200 AUD

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
  • cTrader
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
Open Demo Account Compare Brokers Side by Side Read Full Review
OctaFX Broker Review

OctaFX

From 0.2 pips

Spreads:

See All Spreads

$5 USD

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
  • cTrader
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
Open Demo Account Compare Brokers Side by Side Read Full Review
Etoro Broker Review

eToro

From 0.75 Points

Spreads:

See All Spreads

$200

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
  • cTrader
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
Open Demo Account Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk. Compare Brokers Side by Side Read Full Review
GO TO THE compare brokers

Ratings

Rating
  • Commissions & Fees Rating
  • Platforms & Tools Rating
  • Customer Service Rating
  • Research Rating
  • Ease of Use Rating
  • Mobile Trading Rating

What is your experience with this broker?

With over 4,000 brokers active globally, it’s good to share your experience with others. Spread the word on good or bad brokers. Disclaimer: Comments on this site are not the opinion of WeCompareBrokers and we are not responsible for the views and opinions posted by site users. If you are unhappy with any comments, please email complaints @ wecomparebrokers.com

Important: You (the person writing the comment) are responsible for any comments you post and use this site in agreement with our Terms.