NAS Broker Review

WHO IS NAS BROKER?      

According to research in South Africa, NAS Broker is an English company founded in 2013 with headquarters in London, UK.

NAS Broker is a subsidiary branch of NAS Technologies Saint Vincent and is regulated in accordance too the Financial Services Authority in St. Vincent and the Grenadines (SVGFSA).

NAS Broker (short for New Access to Securities Broker) is focused on offering a wide variety of trading products on the international financial markets such as futures, options, CFDs for indices, shares and currency pairs.

The broker also provides customers with access to exchange platforms like the NYSE stock market, derivative exchange CME Group, LSE and Euronext stock exchanges.

It has offices in Singapore, Buenos Aires, and Almaty (Kazakhstan)

SAFE OR SCAM

Before deciding to join a brokerage company to start trading, a potential trader needs to establish whether a broker like NAS Broker is safe and secure to trade with.

NAS Broker operates under the company NAS Technologies Ltd., registered in St. Vincent and the Grenadines. It is regulated by the Financial Services Authority (FSA).

The company’s website was down when writing this review so it could not be determined whether client money is kept in separated accounts.

PRO AND CONS

LEVERAGE

Leverage enables a trader to get a much larger exposure to the market the person is trading than the amount deposited to open the trade. Leveraged products, such as forex trading, magnify a trader’s potential profit – but also increase the potential loss.

Leverage is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1 000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

Margin is the collateral to cover any credit risks that may arise during trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you need to have enough funds in your trading account to ensure sufficient margin.

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

At NAS Broker the leverage ratio is 1:100.

ACCOUNTS   

NAS Broker offer a choice between five live accounts with the following features:

• Professional Accounts (Tornado STP)

Minimum position size is 0.01 lot

Fixed spread starting at 0.2pips

Commission per standard lot is $14

Leverage of 1:100

MetaTrader4 and MetaTrader5

• Classic Fix Accounts

Minimum position size is 0.01 lot

Fixed spread starting at 0.5pips

Commission per 1 standard lot $10

Leverage ratio of 1:100

MetaTrader4

• Micro Fix Accounts

Minimum position size is 0.01 lot

Fixed spread starting at 0.2pips

Leverage ratio of 1:1000

MetaTrader4

• Micro Float Accounts

Minimum position size is 0.01

Variable spreads starting at 0 pips

Leverage ratio of 1:100

MetaTrader4

• Classic Standard Accounts

Minimum position size is 0.01 lot

Variable spreads starting at 0 pips

Commission is $14 per standard lot

Leverage is – Forex at 1:100, indexes at 1:100, and soft commodities at 1:100

MetaTrader4

It is not clear whether the broker offers the option to open a demo account or Islamic swap-free accounts.

MARKET INSTRUMENTS

The most popular market instruments available from most brokers for trading include:

Forex:

Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities:

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices:

Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals:

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy:

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

NAS Broker offers over 300 instruments for trader which includes:

• 78 Forex currency pairs
• 12 Metals
• Oil and gas
• 10 Indices
• 200 Shares

FEES

Cost and fees depend on different factors, like spread and margins, and NAS Broker clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

NAS Broker offers fixed and variable spreads on its account types. Fixed spreads on the Professional accounts are 0.2 pips on EUR/USD. On the Classic Fix Accounts fixed spread are 0.5pips on EUR/USD. Fixed spread on Micro Fix accounts are 0.2pips on EUR/USD.

Micro Float and Classic Standard accounts have variable spreads that start at 0 pips for EUR/USD.

The broker does not charge any deposit or withdrawal fees but to charge an inactivity fee.

DEPOSIT AND WITHDRAWAL

Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

In the case of NAS Broker, the following minimum deposits are required:

• Professional Accounts – R500
• Classic Fix Account – $100
• Micro Fix Account – $50
• Micro Float Account – $50
• Classic Standard Account – $1 000

The following methods can be used to fund accounts and to execute withdrawals:

• Visa
• MasterCard
• Bank Wire Transfer
• Qiwi
• WebMoney
• Electronic wallets
• Bitcoin

Currencies available to fund accounts AUD, EUR, JPY, RUB, SGB, ZAR, USD. Withdrawals by e-wallet normally takes one working day, whereas bank transfers take between 2 to 5 working days.

TRADING PLATFORMS

The forex trading platform provided by NAS Broker to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

NAS Broker offers trading on the MetaTrader4 and MetaTrader5 platforms. The platforms are offered in the English, Russian, Spanish, Ukrainian languages on desktops, smartphones, and the web.

MT4 Is the preferred platform globally and it offers competitive spreads and fees, research and training tools, advanced customisable charting, automated trading, trading signals, Expert Advisor plugins and live newsfeeds.

MetaTrader5 is the revised MT4 platform and an institutional multi-asset platform. It offers outstanding trading possibilities and technical analysis tools, as well as enabling automated trading systems (trading robots) and copy trading.

HOW TO OPEN AN ACCOUNT

Similarly to a bank, to register a forex trading account with NAS Broker for the first time, you will be required to go through a basic “know your customer” process, which will allow NAS Broker to verify your submitted details and ensure the safety of your funds and account details.

As the website was not available it is not clear what the exact process is to open an account with NAS Broker.

CUSTOMER SUPPORT

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

In the case of NAS Broker it is not clear how to contact the customer support team. Support is however, given in English and Russian and customers can reach the offices in Buenos Aires, Singapore, or Almaty (Kazakhstan).

EDUCATION       

Before starting to trade, potential clients of NAS Broker should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

It is not clear if NAS Broker offers any form of educational support to its clients.

RESEARCH         

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

With NAS Broker customers are offered research options like access to otherwise restricted financial info and market news from prominent financial media agencies like Bloomberg, Dow Jones, The Economist and Reuters. This is according to sources on the internet.

In addition, it offers an economic calendar and market review from those media that allows the traders to make informed trading decisions.

AWARDS

Being an awarded company instils extra confidence by traders.  It is not clear whether NAS Broker has received any awards since its inception.

CONCLUSION  

NAS Broker is regulated by the Financial Services Authority (FSA) in St Vincent and the Grenadines. This regulatory body is unfortunately not a reputable one.

It is not clear if the broker keeps client funds in separate accounts as sources indicate that the trading team consists of a trader, an analyst and a risk manager that controls the client’s account.

The broker offers various live account types on the popular MT4 and MT5 trading platforms and the conditions on offer is flexible which makes it a good choice for both professional and novice traders.

Spreads start from 0.5 pips, and although the minimum deposit for a real standard account is $ 1 000, mini accounts only require $50.

DISCLAIMER

Before clients decide to trade the products offered by NAS Broker, they are advised to contemplate their investment objectives, financial situation, needs and level of experience carefully before investing money that they cannot afford to lose.

NAS Broker warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors.

When traders use NAS Broker’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor, according to research in South Africa.

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FAQs

TRADING ENVIRONMENT

How many instruments can I trade with NAS Broker?

You can trade several different instruments with NAS Broker, which include the following:

• 78 forex currency pairs,
• 12 metals,
• Oil and gas,
• 10 indices
• 200 shares

Which platforms are supported by NAS Broker?

NAS Broker provides MetaTrader4 and MetaTrader5 platforms5

Does NAS Broker offer leverage?

Yes, NAS Broker offers a maximum leverage of 1:100

What spreads can I expect with NAS Broker?

NAS Broker offers typical spreads of 0.2 pips

Does NAS Broker charge commission?

Yes, commission on a standard lot starts at $10 depending on the account type used

Is NAS Broker regulated?

Yes, NAS Broker is regulated by FSA.

Is NAS Broker a recommended forex trading broker for experts and beginners?

NAS Broker offers a trading environment for all types of traders.

What is the overall rating out of 10 for NAS Broker?

4/10

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customers actual money.

Does NAS Broker offer a demo account?

Not clear

How long is the demo account valid?

Not applicable as not certain if it offers a demo account

Which live trading accounts does NAS Broker offer?

• Professional (Tornado STP)
• Classic Fix
• Micro Fix
• Micro Float
• Classic Standard

What are the available deposit currencies for a live trading account?

AUD, EUR, JPY, RUB, SGB, ZAR, USD.

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for NAS Broker?

$50

How do you make a deposit and withdrawal with NAS Broker?

NAS Broker offers the following deposit methods:

• Visa
• MasterCard
• Bank wire transfer
• Qiwi
• WebMoney
• Electronic wallets
• Bitcoin

Does NAS Broker charge withdrawal fees?

No, but fees from financial institution may apply.

How long does it take to make a withdrawal?

Withdrawals usually takes 2 to 5 days.