NSFX Review
In 2012 developed NSFX Imagine the seemingly impossible task - NSFX has entered the crowded forex brokers market. What makes NSFX's presence within the forex markets relatively easy is that they offer a distinctive approach to their technology. Not only for having the MetaTrader4 product line but for taking an innovative step towards creating their own unique and wonderful framework. NSFX is incorporated in Malta, and NSFX is regulated by the Malta Financial Services Authority (MFSA) as well as by the European Markets for Financial Instruments Directive (MiFID).
Trading accounts
The broker offers three available trading accounts. The first is the basic MetaTrader 4 (MT4) account, the professional accounts from ECN / STP brokers and a VIP account, all accounts can deal with scalping, hedging, EA and interest-free trading. Starting with a basic account that offers fixed margins and requires a minimum deposit of $300. Minimum lot 1 cent, standard EUR/USD spreads on Standard account is 3 pips with maximum leverage from 1 to 200. Professional account from ECN/STP forex brokers requires minimum deposit equal to 3000 to get variable spreads and leverage Financials from 1: 100. So the account has a minimum position size of 0.1 with a maximum position size of 100, and the standard spread on EUR/USD for this account is 0.9.
The VIP account is cleverly designed for the seasoned trader and the minimum deposit should be $10,000. The account offers a set of unique features and gives its owner many additional benefits. There is a personal account manager that is customized, an analysis of account performance, leverage that is personally requested, which is available with fixed or variable margins, to suit the specific trading needs.
Islamic accounts are available to those who adhere to Sharia law, such as MyNSFX account which represents the flexibility of any account and gives traders the freedom to participate in all aspects of trading while maintaining constant control over their trading expenses
Platform and technology features
Each account offers more than 40 currency pairs, 13 of which are foreign, without prejudice to the trading conditions. Trading in NSFX on CFDs: such as Oil, Silver or Gold is a wide range of indices: such as the DAX, NASDAQ, FTSE indices. All platforms are available in desktop versions, iPhone and Android.
The trader in the ECN (Electronic Communication Network) brokers, is allowed to access the trades traded by the traders and brokers and through this tool all the executed transactions of the investor are transferred directly to the bank trading books. All of this is accomplished via a technology protocol called FIX (Financial Information Exchange).
Another innovative addition to the core technology platform is the proprietary NSTrader technology feature. These trading and information tools are integrated into the platform from a single point control panel. The primary objective is to allow not only instant execution of trades but the ability to make trading decisions without having to switch screens. Save time and convenience in one place.
Customer Support
A daily analysis is distributed to all account holders, with trading tips and financial news for the day. Your account manager and support team will be available 24/5, by phone, email, live chat and via Skype, in English, Arabic, Italian, German and Turkish. A dedicated account manager will be assigned to VIP account holders.
Depositing and withdrawing funds is simple and effortless. All accounts accept deposits in dollars, euros or pounds sterling with bank wire transfer methods, all conventional credit cards, and to Skrill.
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