Overall, NSFX can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. NSFX has an overall trust score of 70 out of 99.
NSFX at a glance
| Broker's Name | NSFX |
| 📍 Headquartered | Malta |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | MFSA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:50 |
| 💰 Minimum Deposit | $300 (4 373 ZAR) |
| 💳 Deposit Options | Bank Wire Transfer Credit/debit card Skrill Neteller Fast Bank Transfer |
| 💳 Withdrawal Options | Bank Wire Transfer Credit/debit card Skrill Neteller Fast Bank Transfer |
| 💻 Platform Types | MetaTrader 4, JForex |
| 📈 Tradable assets offered | Forex Indices Metals Energies |
| 📱 OS Compatibility | Web, desktop, mobile devices |
| 👨💼 Languages supported on Website | English, Spanish, French, Russian, German, Italian, Thai |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Open 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 Review – 16 key points quick overview:
NSFX Overview- NSFX Safety and Security
- NSFX Sign-up Bonus
- NSFX Minimum Deposit
- NSFX Account Types
- NSFX Account Features
- NSFX Demo Account Features
- How to set up a Demo Account – Step by Step
- NSFX Trading platforms
- NSFX Fees and Spreads
- NSFX vs Hantec Markets vs GT247 – A Comparison
- NSFX Current Popularity Trend
- NSFX Pros and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
NSFX Overview
According to research in South Africa, NSFX is a well-established brokerage firm based in Malta. NSFX Ltd. offers its services in a number of countries and in several different languages, including French, German, English, Arabic and Italian.
Unfortunately, the company does not offer its services to residents in the United States or other countries with regulatory jurisdictions. NSFX Ltd. was founded in 2010 with the aim to build a regulated online trading brokerage that could offer its financial services to traders and institutions across the globe.
The company has an impressive technological infrastructure that was created to suit the needs of all types of traders. Through this, a transparent trading environment, professional customer support and its strong connections with liquidity providers, the company is committed to offering some of the best trading conditions across the globe.
NSFX Ltd. operates with high standards and is built on a foundation of innovative trading platforms, excellent trading conditions as well as innovative trading tools. The company’s vision is to revolutionize online trading through all aspects across the globe.
NSFX Safety and Security
NSFX Ltd. is authorised to operate within the EEA and regulated with the following bodies:
Malta Financial Services Authority (MFSA)
Malta – Registration Number IS/56519
Financial Conduct Authority (FCA)
United Kingdom – Registration Number: 595195
Federal Financial Supervisory Authority (BaFin)
Germany – Registration Number: 131055
French Prudential Supervisory Authority (ACP)
France – Registration Number: 74397
Italy – Registration Number: 3597
Comisión Nacional del Mercado de Valores (CNMV)
Spain – Registration Number: 3354
FINANSTILSYNET
Denmark – Registration Number: 9221
NSFX Ltd. also complies with the European Markets in Financial Instruments Directive (MiFID). This means the company operates with transparency and offers customer protection in its investment services. As the company is authorized to offer its services and complies with all the rules and regulations, it is safe for customers to trade with this company.
NSFX Sign-up Bonus
NSFX does not offer new traders with a sign-up bonus.
When new traders sign up to trade with NSFX for the first time, they are not provided with either a welcome bonus or a sign-up bonus. These two bonuses are the best way for traders to start their trading journey as they provide trading credit. The trading credit can be used to trade various markets and it saves traders from using their own capital.
NSFX does not offer new or existing traders with a deposit bonus when they make an initial or recurring deposit into their trading account. Deposit bonuses award traders when they continuously fund their accounts, and it often motivates them to fund their accounts with more.
A no-deposit bonus is an initiative that allows traders to start trading without an initial deposit and unfortunately, NSFX does not offer new or existing traders with such a bonus.
NSFX Minimum Deposit
NSFX charges a minimum deposit of $300 (4 373 ZAR).
The minimum deposit amount that traders can expect when they register for an account with NSFX will depend on the account that traders choose. The initial deposit according to account type is as follows:
MT4 Fixed Account – $300 (4 373 ZAR)
MT4 ECN Account – $3,000 (43 730 ZAR)
JForex Account – $5,000 (72 883 ZAR)
The minimum deposit amount for NSFX is according to the current exchange rate between the US Dollar and the South African rand, at the time of writing. Traders are urged to ensure that they remain updated with changes in exchange rates to ensure that they make the required minimum deposit.
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
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 FIXED | |
| 💰 Initial Minimum Deposit | 300 USD |
| 📈 Lot Size (FX) | 100,000 Units |
| 📊 Maximum Leverage | Up to 1:50 |
| 📊 Spreads | Fixed |
| 💳 Deposit Currency | USD, EUR, GBP |
| 👥 *Commissions on Trades | No Commissions |
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:
| 📍 MT4 ECN | |
| 💰 Initial Minimum Deposit | 3,000 USD |
| 📈 Lot Size (FX) | 100,000 Units |
| 📊 Maximum Leverage | Up to 1:50 |
| 📊 Spreads | Variable Spreads |
| 💳 Deposit Currency | USD, EUR, GBP |
| 👥 *Commissions on Trades | $8 per lot R/T |
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:
| 📍 JForex | |
| 💰 Initial Minimum Deposit | 5,000 USD |
| 📈 Lot Size (FX) | 100,000 Units |
| 📊 Maximum Leverage | Up to 1:50 |
| 📊 Spreads | Variable with Market Depth |
| 💳 Deposit Currency | USD, EUR, GBP |
| 👥 *Commissions on Trades | $8 per lot R/T |
NSFX Demo Account Features
The NSFX demo account features will depend on the trading account that traders wish to demo. Each of the live trading accounts has its own dynamic trading conditions, providing traders with versatility according to their unique trading needs and objectives.
The demo account provides the perfect platform for beginners where they can practice trading and gain experience before they take to the live trading environment. Traders can also use the demo account to develop and test their trading strategies before they risk their own capital.
How to set up a Demo Account – Step by Step
To open a demo account with NSFX, traders can follow these steps:
Step 1 : Click on “Demo Account”
Go to the broker’s website and click on “Demo Account” after which you will be navigated to the demo account registration portal.
Step 2 : Fill out the form
Complete the online registration form by providing your full name and email address, your country of residence and your telephone number.
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 Trading platforms
NSFX Ltd. offers the popular MetaTrader4 and JForex trading platforms. Both of these platforms are reliable and offer a variety of features to ensure a positive trading experience to all traders.
MetaTrader4 Platform
The MetaTrader4 trading platform is one of the most used platforms in the world. The MetaTrader4 platform is a dynamic, user friendly platform that offers exceptional execution and quite a selection of powerful market tools.
Features and advantages of the MetaTrader4 platform include:
World’s most used trading platform
Exceptional Execution
Suitable for fundamental and technical traders
Powerful Charting Tools
Multilingual Facility
Real Time Quotes
Custom trading strategies
Automated trading alarms and signal messages
Wide range of indicators and expert advisors
Available via desktop, iOS and Android
One click trading
JForex Platform
The JForex trading platform provides ultra-fast order execution through its integrated ECN and STP trading technology. It also offers tight spreads due to the deep liquidity from the company’s liquidity providers.
Features and advantages of the JForex platform:
Exceptional execution under any market conditions
Integrated ECN and STP trading technology
Tight spreads
Suitable for any type of trader – from beginner to professional
Ability to place trades directly within the spread.
A built-in API
Integrated Economic Calendar and Analysis
Over 180 technical indicators
Cross-connected platforms
Available via desktop, iOS and Android
NSFX Fees and Spreads
The spreads that NSFX charges start from 0.6 pips EUR/USD.
The spread list that traders can expect from NSFX will depend on the account type that traders use. NSFX offers both variable and fixed spreads through three live trading accounts that are offered. The spread list that traders can expect are as follows:
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
NSFX vs Hantec Markets vs GT247 – A Comparison
| 🔎 Broker | 🥇 NSFX | 🥈 Hantec Markets | 🥉 GT247 |
| 💰 Minimum Deposit | $300 (4 373 ZAR) | None | None |
| 📝 Sign-Up Bonus | ☑️ No | ☑️ Yes | ☑️ No |
| ➕ Max. Leverage | 1: 50 | 1: 500 for professionals | 1:25 |
| 💵 Currency Pairs | 27 | 50 | 66 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
NSFX Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “NSFX” is entered into Google’s search engine over a given period of time.
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
| ✔️ Pros | ❌ Cons |
| Regulated with a number of bodies | Not available in certain countries due to restricted jurisdictions |
| Variety of account types available | Negative balance protection on CFD trading accounts |
| Tight spreads | |
| High leverage | |
| Scalping and hedging allowed | |
| Wide selection of research and educational tools available | |
| Low initial deposits |
Conclusion
When reviewing this NSFX Ltd., it is clear that the company is a well-regulated broker which complies with rules and secures the funds of its customers.
The company is committed to offering excellent trading conditions with popular platforms, great account choices and dedicated customer support. NSFX Ltd. seems to be a reliable broker that would be a good choice for potential traders.
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
Disclaimer
Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all your capital. Your capital is not guaranteed and may go down as well as up.
Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
73.55% of NSFX Ltd.’s retail investor accounts lost money when trading CFDs with NSFX Ltd. over the past 12 months, according to research in South Africa.
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.
Top 4 Brokers
