Owned by Glastrox Trade Limited, NelsonFX is a retail trading broker. They are made up of a group of traders, programmers, and IT specialists who love trading forex and other financial markets — such as commodities, indices and stocks. The broker provides traders with the MetaTrader 4 (MT4) trading platform for trading the various financial assets, whilst providing a selection of useful trading tools, educational resources, and a 24/7 customer support team to help facilitate the trading process.
NelsonFX Review, Pros & Cons
- MetaTrader platforms
- Educational materials
- Trading tools
- Multiple trading account types
- Lack of strict regulation
- Located offshore
- Limited account deposit & withdrawal options
- No USA traders
In this detailed NelsonFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Based in the Marshall Islands, NelsonFX is an online financial services provider that offers access to various financial markets. They operate the STP execution model, which presents access to the interbank market without any conflict of interest. Traders are allowed to trade with different versions of the MT4 trading platform (desktop, web, and mobile). There are different trading account options available with a minimum deposit requirement of $100. NelsonFX does not charge any separate commission or fees; their service charges are added in the Bid/Ask spread – which can mean higher spreads than other brokers.
NelsonFX is a registered brand of Glastrox Trade Ltd. Glastrox Trade Ltd., which is a licensed Investment Firm that is regulated by the Marshall Islands Business Corporation Act with authorisation number 91438.
NelsonFX does not establish accounts to residents of certain jurisdictions including the USA.
Some NelsonFX features and products mentioned within this NelsonFX review may not be available to traders from certain countries because of legal restrictions.
Traders are provided with the MT4 trading platform. It is a popular trading platform that was developed in 2005 by a Russian software company known as MetaQuotes. It is designed with a user-friendly interface to make it easy for all levels of traders to navigate and trade with it. Other essential features of the MT4 trading platform include complete technical analysis tools, trading signals & copy trading, algorithmic trading, alerts, financial news, and more.
The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is compatible with Android and iOS devices. The mobile trading apps can be downloaded from the respective app stores.
NelsonFX Trading Tools
The “Trading Tools” section of the broker’s website contains some statistical tables that show rollover costs, commission, dividends, and public holidays.
The broker’s website contains an FAQ section as well as market news that keeps traders up to date with the latest happenings in the financial markets.
The broker offers the following trading instruments: forex, commodities, indices and stocks.
NelsonFX Accounts & Fees
NelsonFX offers 2 types of trading accounts: Live and Live Premium accounts. The minimum deposit required to begin trading is $100. There is a demo account for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this NelsonFX review. It is imperative to ensure that you check and understand all of the latest information before you open a NelsonFX broker account for online trading.
NelsonFX provides traders with a 24/7 customer support team who are polite and prompt in response. The support team can be reached via telephone, email, and an online contact form.
NelsonFX Deposit & Withdrawal
The broker accepts wire transfers and credit/debit cards (Visa, MasterCard, and Maestro) for both account deposit and withdrawal.
NelsonFX Account Opening
Simply click on the open live trading account link and fill in the required information. Once your account has been successfully created, you will need to send verification documents to complete the registration process.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Founded in 2014, NelsonFX is an online trading broker that offers access to trade in various financial markets online. Trades are carried out using the MT4 trading platform, which is available in desktop, web, and mobile versions. Traders get to make use of some useful trading tools and educational resources provided by the broker. The minimum deposit is $100, and leverage of up to 1:500 is available.
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk, and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.