Richard Montana | August 2, 2022
NSFX is a regulated trading broker that offers clients online trading on a great range of trading instruments such as Forex, CFDs, Gold, Metals, Energies, and Indices. I like how the broker gives you a choice of multiple account types depending on your strategy. They also have some excellent tools for analysing the markets including Trading Central. Beginners can learn more about the markets from the trading academy and practice with a free demo account. The broker gives you access to very competitive trading conditions including tight spreads and quick executions. There is a dedicated customer support team to assist you on your trading journey. However, the $300 minimum deposit is not the lowest and they cannot accept clients from some countries due to regulations.
Pros & Cons
- Sophisticated MetaTrader and JForex platforms
- Trading academy to help educate beginners
- Trading tools for market analysis including Trading Central
- Flexible account funding options to choose from
- Very competitive trading conditions
- Good customer support
- Free demo trading accounts
- All trading strategies welcomed
- Minimum $300 deposit not the lowest
- Clients not accepted from some countries
- Do not support crypto funding or trading
- Could add some individual stock instruments
- No managed accounts
NSFX Ltd. is a Maltese regulated investment services provider that was founded by a group of professionals in the financial industry with a clear vision of creating a regulated online trading brokerage that would provide investment services to all types of traders and institutions, globally. The broker primarily serves the English, French, German, Italian, and Arabic speaking markets.
The broker offers online trading services in forex and CFDs on multiple instruments in different markets, such as Forex, Gold, Metals, Energies, and Indices. They operate the ECN brokerage model and offer negative balance protection, with 100% segregation of client funds.
In addition, the broker is committed to providing a professional and transparent trading environment They believe the 3 pillars of successful trading services are: Innovative Trading Platform, Innovative Trading Tools, and Excellent Trading Conditions.
The company’s technological infrastructure was built with a deep understanding of traders’ ongoing needs. Combined with strong connections within the banking system and with liquidity providers, NSFX aims to offer one of the best trading experiences in the market today.
NSFX Ltd. is authorized and regulated by the Malta Financial Services Authority (MFSA) and holds a Category 3 investment services license no. IS/56519. The Malta Financial Services Authority MFSA is the single regulator for financial services in Malta. NSFX Ltd. must comply with the European Markets in Financial Instruments Directive (MiFID), and with the MiFID passport, NSFX Ltd. is authorized to operate within the EEA. I am personally satisfied with this regulation and wouldn’t have no worries using them as my day trading broker.
The broker allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. However, the broker specifically states that it does not offer its online trading services to citizens of the United States. If you are in a country where they do not serve clients, you can take a look at our broker ratings for an alternative option.
MetaTrader 4 (MT4)
Developed in 2005 by the trading software company, MetaQuotes Software Corporation, the MetaTrader 4 trading platform is one of the most popular trading platforms in the world. MT4 is dynamic and user-friendly, providing traders with a powerful range of features and tools including:
- Real time bid/ask price quotes via market watch window
- Suitable for fundamental and technical traders
- Powerful charting tools for in-depth market analysis
- Multiple chart types, timeframes and order types
- Support for one-click trading
- Customised trading strategies
- Automated price alerts and signals
- Wide range of indicators and expert advisor
- Available in multiple languages
- Desktop, web and mobile trading app
NSFX provides the MT4 trading platform as a desktop application for Windows and Mac computers, Web Trader that can run directly on most modern web browsers without needing to install any software, and a mobile app that is compatible with Android and iOS devices. The mobile app can be downloaded for free from the relevant app stores and is suited for traders who wish to manage their accounts and place trades whilst on the go. I find the MT4 app very easy to use and like how it allows me to take the markets with me in my pocket at all times.
NSFX’s are one of the few brokers along with Dukascopy who supply traders with the professional and highly sophisticated JForex trading platform. JForex takes trading to the next level, providing reliable trade execution speeds under most market conditions due to the integrated ECN and STP trading technology, as well as the tightest spreads due to the deep liquidity from the tier 1 liquidity providers. The JForex platform can be used by any type of trader — from beginners to professionals — including traders who use proprietary automated trading systems.
JForex supports a wide range of direct and pending orders with the ability to place trades directly within the spread. Orders include Market, Limit, Stop, Stop Loss, Take Profit, Place/Bid offer, Trailing Stop, Stop Limit, OCO, IFD, and more. The JForex platform also has a built-in API which allows for custom strategies and actual code programming. Other built-in capabilities include over 180 technical indicators, live news stream, economic calendar, and integrated analysis tools.
JForex contains additional cross-connected platforms, such as the PAMM for money managers, hedge funds, and financial advisers, as well as the Visual Strategy Builder and Optimiser for automated system programmers and traders. JForex platforms exist in the following versions:
JForex Desktop Trader
NSFX’s robust, feature-laden JForex trading platform is an advanced desktop trading solution for active traders, scalpers, automated and API trading systems, as well as money managers and hedge funds. JForex Desktop Trader is compatible with Mac and Windows PCs.
JForex Web Trader
JForex gives traders the flexibility of Web access, providing a desktop experience for traders on the go. The JForex online platform gives traders the functionality they require to trade markets wherever they have web access. Traders can execute trades, manage positions, and monitor markets, and place pending orders from one of the most intuitive and powerful web platforms on the market.
JForex Mobile Trader
The broker’s mobile trading apps enable traders to access all the main features of the NSFX Pro trading technology and take advantage of changing trends in the forex market while on the go. The mobile application supports features like instant execution, charts, forex market news, forex calculator, stop orders, limit orders, and many more tools. They can be downloaded from the relevant app stores.
The NSFX service team are on hand to assist both new and experienced traders in understanding the mechanics of its trading platforms. This critical knowledge ensures optimal use of the trading platforms and the available tools. The broker provides you with a good range of trading tools including:
Trading Central offers independent financial market research and considers the interests of investors and traders by employing certain methods of technical analysis like:
- Graphical analysis
- Reading of indicators and oscillators with both standard indices and mathematical algorithms
- Japanese candlestick signals
With such a complex approach and deep market insight, it is very useful for both the novice and experienced traders. It also provides high-quality information about trends, support and resistance levels, overbought and oversold market levels, possible trend shift points, etc. The Trading Central’s key features include Daily Newsletters, Trading Central web Portal, and Technical Analysis Plug-in. I think Trading Central is an excellent tool for market analysis and really like how you can set it to automatically scan the markets for signals according to your own preferences. It can save you from hours of chart watching.
The Economic Calendar gives an interactive overview of the most important economic events of the day along with the impact they had or are expected to have on the markets. I think this is a great way to help anticipate possible price movements and would always try to check the calendar before making any trade decision.
The technical analysis gives a daily comprehensive technical overview of the forex market. This can be a good way to get inspired for potential opportunities. If you are a fan of technical analysis, CM Trading may be worth a look at.
The broker provides traders with updated Financial News, which keeps them in the know about events taking place in the financial markets.
Guardian Angel provides you with metrics to increase the information available to help with managing your positions. The Guardian Angel software is a guide that lets traders know of the inherent risk of their moves and provides vital feedback on ways to make the most of live market info. AvaTrade also have this feature if you think it will be something that you need.
The broker’s website has a Trading Academy that contains a vast array of educative videos covering a range of trading topics, including commodities and futures contracts, CFDs and Stocks, trading strategies, MetaTrader tutorials, and more. They are beneficial to traders of all experience levels and can help to improve your trading skills and knowledge. This emphasises the brokers support for informed trading.
NSFX is a CFD broker that allows clients to trade CFD instruments, such as Forex, Gold, Metals, Energies, and Indices. A contract for differences (CFD) is an arrangement made in financial instrument trading where the differences in the settlement between the open and closing trade prices are cash-settled. There is no delivery of physical goods or securities with CFDs. You are instead speculating on the price movements of the underlying assets. I think they have a decent choice of financial instruments with something for everyone to trade, regardless of their interests. if you are looking to trade cryptos, you will need to consider another broker such as Vantage.
NSFX offers clients three types of online trading accounts – ECN, fixed spread, and JForex. Each trading account has its own unique characteristics. I think it is good how you can choose an account depending on what works best for you. Some brokers have just one account which may not provide the same flexibility.
The Electronic Communication Network (ECN) is the technology that provides traders with direct access to the liquidity providers, resulting in the best available spreads and trade execution speeds with minimal slippage. The ECN account runs on the MetaTrader 4 platform and provides variable spreads. It has the following features:
- Instant order execution
- Price aggregation for multiple liquidity suppliers
- Best available bid/ask prices
- Variable spreads
- Direct trading access to tier-1 banks
Fixed Spread Account
Fixed spread accounts have a predetermined spread irrespective of market conditions, with some exceptions. This type of account can be a popular choice for traders whose trading strategies rely on a fixed spread, often scalpers.
It has the following features:
- Instant order execution
- Fixed Spreads
JForex accounts comprise integrated ECN and STP (straight-through processing) trading technology resulting in the best possible spreads due to the deep liquidity. JForex accounts can support all types of trading styles and have the following features:
- Instant order execution
- Support for a wide range of direct and pending orders
- Best bid/ask prices available
- Direct Trading access to tier-1 banks
Demo accounts are also available and are preloaded with virtual funds for practice purposes. These can be very beneficial for beginner traders who wish to try out the broker’s platforms and practice risk-free trading before opening a real live trading account.
To open an account, simply click on the ‘Open Live Account’ icon on the broker’s website and fill the form accordingly, supply your necessary details and upload your KYC documents; then hit the submit button. Once your account is created, you can proceed to fund your account and commence trading, when you feel ready to do so. I found the signup process to be seamless and like how everything is done online as you would expect nowadays.
The broker provides clients with a knowledgeable customer service team who can be reached via Telephone, Email, and Online Live Chat.
Clients can deposit funds to their NSFX trading account using one of the convenient options below. All deposit activity is secured and trackable. I like how there are digital wallet payment methods as I find this to be the quickest and easiest way for me to get access to my funds. They do not currently support cryptos, but Hugos Way do if this is something that you are looking for.
- Bank Transfer
- Credit/Debit Cards such as Visa, MasterCard, and Maestro.
- Online payment Processors including Neteller and Skrill
To withdraw funds, simply click Withdrawal Request on the ‘MyNSFX’ dashboard and type the amount you wish to withdraw. Once the request has been made, NSFX will aim to process the withdrawal within 1 business day. Some methods may take longer than others. Please check with your payment solution provider if any additional fees may apply on their side.
I think that NSFX is a solid trading broker that has a good range of financial instruments for trading via the user-friendly MetaTrader 4 platforms and professional JForex platform. They provide you with convenient access to a range of useful trading tools such as the excellent Trading Central and a decent selection of educational resources within the Trading Academy. You can test the broker using a demo account but the minimum deposit of $300 is quite high when compared to some other brokers such as Trade Nation who have a $1 minimum deposit requirement. They can be a good choice for retail and institutional traders looking for direct market access with very competitive trading conditions in a regulated environment.