NSFX Account Types

NSFX provides traders with a choice between three different live accounts, namely a MT4 Fixed Account, MT4 ECN Account and a JForex Account.

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 300

Regulators

MFSA

Trading Platform

MT4, JForex

Crypto

No

Total Pairs

27

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

NSFX Account types – 9 key points quick overview:

1. NSFX Overview
2. NSFX Account Types
3. NSFX Account Features
4. NSFX Demo Account
5. NSFX Islamic Account
6. NSFX at a glance
7. NSFX Pros and Cons
8. Conclusion
9. Frequently Asked Questions

NSFX Overview

NSFX is an ECN and STP broker which was established in 2010 in Malta, with respective regulation and authorisation with the Malta Financial Services Authority (MFSA), holding a Category 3 Investment Services Licence.

NSFX Limited is required to comply with the European Markets in Financial Instrument Directive (MiFID) and as an offshore broker, this provides NSFX with a significant amount of credibility. NSFX Limited is an investment provider which was initially established by a group of professionals who had a clear vision of providing a regulated online trading environment.

The aim behind the broker was to provide traders of all kinds of experience with comprehensive trading solutions, and the result was a broker that primarily serves the English, French, German, Italian, and Arabic-speaking markets.

NSFX provides traders with access to a range of forex and CFD markets by offering a variety of tradable financial instruments. NSFX operates an ECN brokerage model and offers traders with negative balance protection, which is applied to all trading accounts.

NSFX is committed to providing both a professional and transparent trading environment. The broker believes in three pillars of successful trading service namely innovative trading software, innovative trading tools, and excellent trading conditions.

The technological infrastructure that NSFX employs was built with a deep understanding of the ongoing needs and objectives that traders may have. This, combined with strong connections and relationships in the banking system and with superior liquidity providers (LPs), NSFX can offer traders with some of the best trading experiences in the industry.

NSFX Account Types

NSFX provides traders with a choice between three different live accounts. Each of these accounts has unique trading conditions and features which caters for different traders. The accounts that traders can expect are as follows:

MT4 Fixed Account

MT4 ECN Account

JForex Account

In addition to offering a range of live trading accounts, NSFX also offers traders with the option of registering a demo account which is funded with virtual capital.

NSFX Account Features

MT4 Fixed Account

This account is a fixed spread account where traders can expect fixed spreads that are not susceptible to market conditions. The features that traders can expect with this account are as follows:

MT4 ECN Account

An Electronic Communication Network (ECN) is a technology that provides traders with direct access to some of the best liquidity providers. The MT4 ECN Account that NSFX offers provides traders with the best possible spreads and trade execution speeds, at the cost of commissions on trades.

The features that traders can expect from this account type are as follows:

JForex Account

The JForex Account encompasses both ECN and Straight-Through Processing (STP) trading technology, providing traders with some of the best possible trading conditions. The JForex Account has the following unique features:

NSFX Demo Account

NSFX provides traders with a demo account that can be used either as a practice account by beginner traders, a risk-free account to develop and test trading strategies, or a way to test the trading conditions that NSFX offers traders.

NSFX Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees, or interest, should they hold positions open for longer.

NSFX does not provide the option for a live trading account to be converted to an Islamic Account. For this reason, Muslim traders must ensure that they close all open positions before the end of the trading day to avoid swap fees.

NSFX at a glance

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 300

Regulators

MFSA

Trading Platform

MT4, JForex

Crypto

No

Total Pairs

27

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

NSFX Pros and Cons

Conclusion

NSFX provides traders with a choice between three different live accounts, namely a MT4 Fixed Account, MT4 ECN Account and a JForex Account.

You might also like: NSFX Demo Account

You might also like: NSFX Fees and Spreads

You might also like: NSFX Minimum Deposit

You might also like: NSFX Sign up Bonus

Frequently Asked Questions

TRADING ENVIRONMENT

How many instruments can I trade with NSFX?

You can trade any of the following asset classes:

• Forex
• Indices
• Metals
• Energies

Which platforms are supported by NSFX?

NSFX supports the use of MetaTrader 4 and JForex.

Does NSFX offer leverage?

Yes, NSFX offers leverage up to a maximum of 1:50.

What spreads can I expect with NSFX?

You can expect variable/fixed spreads according to the account type offered:

• MT4 Fixed Account – fixed spreads of 3 pips EUR/USD
• MT4 ECN Account – variable spreads from 0.6 pips EUR/USD
• JForex Account – variable spreads form 0.6 pips EUR/USD

Does NSFX charge commission?

Yes, NSFX charges commissions from $8 (117 ZAR) per round turn on both the MT4 ECN and JForex Account.

Are there additional charges on the Islamic account?

No, NSFX does not provide Muslim traders with the option to convert their live trading account into an Islamic Account.

Is NSFX regulated and by whom?

NSFX is regulated by MFSA in Malta.

Is NSFX a recommended forex trading broker for experts and beginners?

Yes, NSFX is a broker that can be recommended for both experts and beginners.

What is the overall rating out of 10 for NSFX?

6/10.

ACCOUNTS

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

A demo account is a risk-free practice account that is funded with virtual funds while a live trading account is one where real capital is at risk. Beginners can use a demo account to practice trading, experts to test their trading strategies, or traders who want to explore NSFX’s offering.

Does NSFX offer a demo account?

Yes, NSFX offers traders with the option of registering and using a demo account.

How long is the demo account valid?

Demo accounts are typically valid for 30-days.

Which live trading accounts does NSFX offer?

NSFX offers the following live trading accounts:

• MT4 Fixed Account
• MT4 ECN Account
• JForex Account

Does NSFX offer an Islamic Account?

No, NSFX does not offer an Islamic Account to Muslim traders who follow the Sharia law.

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

Traders can deposit funds in these currencies:

• USD
• EUR
• GBP

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with NSFX?

$300 (4 373 ZAR).

How do you make a deposit and withdraw money with NSFX?

• Bank Wire Transfer
• Credit/debit card
• Skrill
• Neteller
• Fast Bank Transfer

Does NSFX charge withdrawal fees?

Yes, NSFX charges withdrawal fees of 2.9% on both Skrill and Neteller.

How long does it take to make a withdrawal?

Withdrawals with NSFX take from one business day up to several business days, depending on the payment method that traders use.