Min Deposit
USD 500
Regulators
MFSA
Trading Platform
MT5
Crypto
Yes
Total Pairs
40
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
WHAT IS NSBROKER?
NSBroker is a trading & investment brand operated by NSFX Ltd. NSBroker has been providing services for over 9 years. The success in nearly a decade is a summary of many elements to establish a direct CFDs brokerage to all classes of clients, from institutions to individuals. This company has its headquarter at Malta, a country that has open and transparent policies encouraging ventures and investments.
The core value of NSFX is said to be built in 3 pillars: Innovative Trading Platform, Innovative Trading Tools and Excellent Trading Conditions. Let’s go into details to see how they fulfil their commitments.
QUICK OVERVIEW
| Time for Opening An Account | 30 seconds |
| Bonus | No |
| Country of Regulation | Malta, the UK, France, Germany, Spain, Denmark, Italy |
| Trust Score | 84/100 |
| Live Support | 24/5 |
| Trading Platform | MetaTrader 5 |
| CFDs – Total Offers | 60+ |
| Deposit Methods | Credit cards, Bank Transfer |
| Demo Trading Account | Yes |
| Base Currencies | USD, EUR, GBP |
| Min. Spread | 0.3 pips |
| Leverage | Up to 1:100 |
| Currency Pairs | 40 |
| Deposit/Withdrawal Fee | Free |
| Commission Fee Class | Low |
| Minimum Deposit | $500 |
| Depositing with e-wallet | No |
| Demo Account | Yes |
| Mobile Application | iOS, Android |
SAFE OR SCAM?
100% safe. In fact, legitimacy is a strength of NSBroker. Its reputation across Europe and the world has been fostered in 9 years of operation. NSBroker is one of a few brokers getting licensed by multiple top tier administrators including MFSA (Malta), FCA (UK), ACP (France), BaFin (Germany), CONSOB (Italy), CNMV (Spain) and FINANSTILSYNET (Denmark).
According to a survey, in the third quarter of 2019, NSBroker had over 32,000 active users with 150+ new registrations per day. The average trade also reached nearly a million per month. Most clients participating in that survey said that regulation was the most crucial trait maintaining their loyalty to NSBroker.
Besides, as regulated by MFSA and other European administrators, negative balance protection is automatically set. This tool acts as a safety fence to cancel all trades when the client’s balance drops to zero. It’s also mentioned that without this policy, several brokers can drain more money from new traders who lack money management skills.
OVERALL PROS AND CONS
| ✔️ Pros | 🔴 Cons |
|---|---|
| ✔️ Fast and direct trading environment | 🔴 No trading bonus |
| ✔️Extensive education system | 🔴 Low leverage |
| ✔️Dedicated client services | 🔴 One live account type |
| ✔️No fee for all transactions | |
| ✔️Low trading fees | |
LEVERAGE
NSBroker offers different leverages varying by the trading instruments. The maximum ratio is 1:100, while the lowest one is 1:2 for crypto trading.
You can always check the specific leverage for each asset on the website and make sure your account meets the margin requirement to trade with no interruption.
ACCOUNTS
Another notable thing that may disappoint you is that you have only one real account type to choose. Luckily, it’s also the most efficient one. The real account of NSBroker is equivalent to Raw Account or Zero Spread Account in other brokers. These accounts share the same ECN environment to execute all trades, so the clients are offered the best prices with the lowest spreads in the market.
Additionally, you can open more than one real account and can transfer your money between them easily with no fee.
NSBroker also provides a free demo account for clients. This account simulates the real-time market with full features and instruments so that traders can practice their skills or test new strategies without the monetary risk.
Min Deposit USD 500 Regulators MFSA Trading Platform MT5 Crypto Yes Total Pairs 40 Islamic Account No Trading Fees Low Account Activation 24 Hours
MARKET INSTRUMENTS
Regarding financial instruments, NSBroker gives clients chances to trade over 60 assets, including 40 currency pairs (major, minor and exotic pairs). The other categories are precious metals (silver and gold), energy carriers (Brent and WTI crudes), indices (from the major economies) and the novel cryptocurrencies.
FEES
NSBroker offers fairly tight spreads (from 0.3 pips only). This attractive feature is the result of the partnership between NSBroker and various liquidity providers including some major banks like Dukascopy and UBS (Switzerland), Barclay (UK), CitiBank (US), Deutsche Bank (Germany) and more.
Second, NSBroker applies a low commission for each trade. The average commission for trading crypto is 0.05%, while the one for the rest four classes of instruments is fixed $8 per lot. These are the only fees that NSBroker asks from clients. All clear and transparent, no addition included.
Read the FxPro UK Review herensb
DEPOSIT AND WITHDRAWAL
Once being a client of NSBroker, you can make payments with ease since all transactions are processed as fast and secure as possible. Furthermore, you also have to pay no fee for these activities.
NSBroker accepts credit cards and bank transfer, e-wallet is unavailable at present. For base currency, you have three choices among USD, EUR and GBP. If your bank account shares the same currency with your trading account, then you aren’t charged the conversion fee. If not, you can ask your bank or card issuer for further information.
For deposit, you have to fund at least $500. For withdrawal, you can cash out by the same way you put money in.
NSBroker complies with MFSA’s regulation of segregation of funds. So you don’t need to worry that your money is used by the broker or any entities. This broker also has a safety net called Investor Compensation Scheme according to which qualified clients can be compensated up to 20,000 Euro if NSBroker gets insolvent.
TRADING PLATFORMS
Trading platform is one of the three pillars holding the core value. As such, NSBroker has worked with MetaQuotes to use MetaTrader 5 (MT5) as the exclusive platform for all versions.
As opposed to MT4 which mainly serves as a forex platform, MT5 is designed to support a wider range of markets from both centralised and decentralised sides. Thanks to that, NSBroker can offer the services on not only forex and other classic instruments but also the cryptocurrencies which have just emerged recently.
In terms of built-in features, MT5 even prevails over the former MT4 with more advanced tools like the number of charts, timeframes or indicators. But I want to discuss more about its automation.
The first feature is the trading signal. If being a newbie, you can easily follow the signals from the professional ones and set up the parameters in the trading signals tab in the toolbox. If you are confident in your skills and want to make more money from your trade, you can also register to become a signal source.
The second feature is the multi-threaded strategies tester. With this tool, you can take advantage of the market history to test and optimise your trading strategies. All you need to do is enter your input parameters, let the system evaluate with the market in the past and show you the result, the next step is optimising it until you get the best strategy.
Another MT5 feature I especially like is the depth of market (DOM). The prices you receive are never just two numbers (bid/ask price) but many more. The DOM displays all of them so you can pick yourself the desired prices.
Back to the MT5 of NSBroker, you can download the software for your PC (Windows, Mac, Linux). You MT5 software is already integrated with NSFX so you can start trading immediately.
Meanwhile, for mobile application, you need to find the NSFXLtd-Live server for real trades and NSFXLtd-Demo server for simulation before logging in with your ID credentials. NSBroker has created its networks around the world to ensure the connection stability. For example, clients living in Asia are routed to the Hongkong server. Another note is that the default trading timezone at NSBroker is GMT +3.
HOW TO OPEN AN ACCOUNT
The NSBroker review process of opening a new account is fully digital, hassle-free and fast.
Steps to open an NSBroker Account is similar to that at other brokers. Investors have to fill in an application with basic information like name, phone, email, password before verifying their identity with relevant documents like ID, passport or driver license.
NSBroker offers trading services that meet the demands of all traders regardless of their levels so there are no classification questions or questions relating to data collection. Thanks to that, it significantly reduces the required time for opening an account. Typically, your account just needs no more than one day to be all set.
Min Deposit USD 500 Regulators MFSA Trading Platform MT5 Crypto Yes Total Pairs 40 Islamic Account No Trading Fees Low Account Activation 24 Hours
CUSTOMER SUPPORT
Whenever the market is on, the support team is available. Clients have various ways to contact NSBroker support, including phones, live chat or email.
Besides, since trading is an activity likely to cause conflicts of interest, NSBroker has built a complaint procedure to bring about the best solutions for arising issues. The whole process is under the supervision of MFSA, the main regulator of NSBroker.
EDUCATION
NSBroker has an extensive education system. For basic knowledge, you can visit the education centre for glossary, ebooks and video courses. 1 on 1 coaching with a professional is another education service that clients can access.
Besides, webinars and seminars are also scheduled regularly. While webinars give you a more intuitive approach and interaction with experts, seminars are meetings where you can meet and expand your network with other clients.
RESEARCH
If you are an experienced trader, then the Analytics section is the right place for you. Here you are regularly updated with new strategies, each of which comes with its origin, instruction and illustrations.
Furthermore, the analytic team of NSBroker also posts weekly technical forecasts and viewpoints on economic events. You can always see the economic calendar to keep track of the movements of the market.
In general, this section gives you more perspectives on the big market picture. You can take the analysis as suggestions or make use of them to compare and confirm your own opinions.
CONCLUSION
NSBroker has been providing trading services for 9 years. The success in nearly a decade is a summary of many elements.
Its prestige is a result of the firm regulation supervised by reputable administrations, the full range of policies to protect clients, to deal with complaints and the transparent financial operation.
NSBroker delivers a seamless trading experience from opening the account with ease to quick payments, low and transparent fees to the direct trading environment. This continuity of trading experience overwhelms and eventually eclipses the limitation in leverage or trading bonus.
NSBroker aims to bring equal opportunities to get rich to every trader. This purpose is promoted by the way NSBroker set a reasonable initial deposit of $500, an accessible education centre for all clients, plus various analysis articles.
And last but not least, they have dedicated customer support that knows the clients and are always ready to help.
Overall, NSBroker may not be the best all-rounder and still has drawbacks, but in some specific aspects, it meets the basic needs of the majority of traders. That’s how NSBroker still maintains its position in the industry and has tens of thousands of loyal clients.
DISCLAIMER
NSBroker’s mission is to reform the online trading business by building an efficient trading system based on three pillars, also three features that this broker offers, namely, Innovative Trading Platforms, Innovative Trading Tools, and Excellent Trading Conditions. Through that, NSBroker believes that clients could make more educated trading decisions.
As a multiple licensed broker with the concentration in the English, German, French, Italian, and Arabic markets, NSBroker strictly complies with local jurisdictions on how this broker allocates clients’ funds, guarantees the safety and reports the financial operations.
Frequently Asked Questions
What is NSBroker’s Overall Review Rating?
9/10
What is the minimum deposit to start trading at NSBroker?
The minimum deposit for NS Broker is $500
Is NSBroker safe and secure?
Yes, totally
Does NSBroker offer a demo account?
Yes, for free
How long does NSBroker withdrawal take?
Up to 1 business day for Credit card withdrawal. Up to 2 days for bank transfer.
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