NSBroker Review 2020
NSBroker is a regulated trading broker that provides online trading in multiple asset classes including forex, indices, commodities, cryptocurrencies, precious metals and more. They offer clients the powerful and intuitive MetaTrader 5 platform along with a range of trading tools and educational materials via a trading academy. The broker has very competitive trading conditions with tight spreads, low commissions and reliable trade execution speeds.
NSBroker Review 2020, Pros & Cons
- Regulated broker
- Powerful & user-friendly MetaTrader 5 platform
- Desktop, web & mobile platforms
- Tight spreads & low commissions
- Hundreds of trading instruments
- Vast range of trading tools
- Trading academy with a generous collection of educational materials
- 24/5 customer support
- No USA clients
- No individual stocks
- No eWallet payment options
- Minimum $250 deposit
In this detailed NSBroker review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
NSBroker Review: Summary
NSBroker is a regulated online forex and CFD trading broker. The broker offers excellent trading conditions including tight spreads and low commissions. They provide traders around the world with a choice of advanced, powerful and user-friendly trading platforms for desktop, web and mobile devices.
NSbroker can help clients to learn how to trade online with free webinars and professional trading tools for conducting in-depth market analysis. There are over 100+ assets to trade including CFDs, forex, indices, commodities, precious metals, cryptocurrencies and more.
NSBroker offers Electronic Communication Network (ECN) technology, which seeks to ensure that traders always trade under the best trading conditions, including the best available bid/ask prices from their liquidity providers (LPs) for rapid trade execution speeds at the best prices.
NSBroker Review: Regulation
NSBroker is subsidiary of NSFX. NSFX ltd. is regulated by the Malta Financial Services Authority (License Number IS/56519). By being regulated under the strict standards of the MFSA in Malta, the broker must comply with the highest regulatory standards.
The broker states that they provide 100% segregation of client funds through relationships with Tier 1 international banks. NSBroker also states that they provide clients with the benefit of Negative Balance Protection at their own expense. Consequently, client account balances should never become negative.
NSBroker contributes to the Maltese Investor Compensation Scheme, which serves as a limited safety net for certain classes of investors in the event of a participant, such as NSBroker, becoming insolvent.
NSBroker clients are dealing with an EU authorised and regulated firm and hence, eligible clients can benefit from the protections provided by EU regulation.
NSBroker Review: Countries
NSBroker does not provide its services to citizens of the USA. Some NSBroker features and products mentioned within this NSBroker review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
NSBroker Review: Trading Platforms
NSBroker provides clients with the professional and intuitive MetaTrader 5 (MT5) platform. Developed in 2000 by MetaQuotes Software Corporation, the MetaTrader 5 trading platform has fast become one of the most popular trading platforms used by millions of traders around the world.
The MT5 trading platform is dynamic and user-friendly, providing traders with a powerful range of features and abundance of trading tools for conducting in-depth market analysis around the clock.
MetaTrader 5 is available as a desktop trading platform for Windows and MAC. The desktop platform has the most functionality including automated trading through expert advisors (EAs). There is the MT5 web trader platform that runs directly in most modern web browsers and requires no software installation. The MT5 mobile trading app is available for iOS and Android devices. This can be a useful online trading solution for clients who need to access their account and trade whilst on the go from anywhere in the world with an internet connection.
The MetaTrader 5 platform key features include the following:
- Real time price quotes with depth of market (DOM) pricing
- You can open 100 charts at the same time
- The charting system comes with 21 time-frames
- 40+ graphical objects
- 50+ technical indicators
- 4 scaling modes
- You can choose from 17 display styles for indicators
- Expert advisors (EAs) for automated trading
- Multi-currency strategy tester to back test EAs over historical data
- MQL editor to create customised trading tools
- MQL community to share ideas, signals and tools with other traders
- Price alert notification via SMS, email and platform pop-ups
- Available on desktop, web and mobile devices
NSBroker Review: Trading Tools
The provided MT5 trading platform should have more than enough built-in tools to suit even the most demanding trader’s needs. On the brokers website you can find a range of technical analysis and investment strategies which can be used to help inspire trading ideas.
NSBroker Review: Education
NSBroker have a trading academy that contains a trading glossary, trading guides, video lessons and collection of CFD & Forex Trading eBooks. There is a wide range of different topics covered including trading platforms, trading strategies, trading psychology, money management and much more.
These educational resources can help both beginner and experienced traders improve their trading skills and knowledge. This goes a long way to show that the broker cares about their clients and encourages informed trading.
NSBroker Review: Trading Instruments
NSBroker have a generous selection of over 100+ assets to trade including CFDs, forex, indices, commodities, precious metals, cryptocurrencies and more.
NSBroker Review: Trading Accounts & Fees
NSBroker keep things fair and simple with one real trading account that has spreads starting from 0.3 pips and a commission of $8 per round lot. The minimum deposit required is $250 and leverage for non-professional clients is capped at 1:30.
Those who qualify as professional clients can apply for the professional account which gives increased leverage of up to 1:100 for certain instruments and a reduction on current margin rates, allowing you to trade with more leverage, as opposed to the limitations imposed by ESMA on retail clients.
To qualify as a professional client requires meeting 2 out of the 3 following guidelines, 1) Have a portfolio of greater than $500k (not including property or cash) 2) Have a verified history of placing significant sized positions (down to broker discretion) 3) Have worked in the capacity of a professional position related to derivatives / speculation / trading. Match any two of these requirements to qualify as a professional client.
It is important to note that some protection is removed should you qualify for a professional account as you are then classified as professional trader under ESMA regulation.
There are free demo accounts that enable you to practice your trading strategies on the MetaTrader 5 platform with virtual funds. This can be a useful way for new traders to familiarise themselves with the trading platform and brokers services.
As broker fees can vary and change, there may be additional fees that are not listed in this NSBroker review. It is imperative to ensure that you check and understand all of the latest information before you open a NSBroker account for online trading.
NSBroker Review: Customer Service
NSBroker provide support via telephone, email and 24-hour live chat. The multi-lingual support team are prompt, polite and accurate in their responses from our experience.
NSBroker Review: Deposit & Withdrawal
NSBroker have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire and credit/debit card. Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
NSBroker strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your NSBroker trading account.
Accounts can be opened USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
NSBroker Review: Account Opening
It is quick and easy to open an NSBroker trading account. There is a short online application to complete that you can access by clicking the “open live account” button located throughout the brokers website.
Once you have completed the registration, you can open your own live trading account. You will need to upload your documents to verify and activate your account. This is a normal part of the KYC procedures. After a member of the brokers account team have verified your account, you can log in to your account and make a deposit to start trading online with over 250 trading tools and 100+ trading assets.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
NSBroker Review: Conclusion
NSBroker is a regulated brokerage brand owned by NSFX Ltd. NSFX trusts that keeping up the accompanying three pillars: Innovative Trading Platforms, Innovative Trading Tools, & Excellent Trading Conditions to the highest benchmarks enables them to provide some of the the best online trading services to a global clientele.
NSBroker offer the powerful yet user-friendly MT5 platform along with hundreds of trading instruments, tight spreads, low commissions and fast execution speeds. There is also a range of trading tools and educational materials to assist traders along with multiple account funding options and 24/5 client support.
Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all your capital. Your capital is not guaranteed and may go down as well as up. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Over the past 12 months 54.6% 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.