Forex industry is ever-changing and ever-growing financial environment which creates possibilities for traders, brokers, software developers and finally, clients as well. Currency trading is one of the most popular financial branches for the past several years, and this allowed the opportunity for the development of a significant number of companies around the world. However, this market is very insecure, and it offers many risks that clients should be aware of and observe. For them, it is the most important fact that law regulates the company they choose to work with eventually. It will provide them maximum security, even though the risks are still possible. NSFX is one of the regulated companies established in 2012. The management and team of the company are proud to post their pictures and biography info for everyone to see, which is not a typical case these days, especially when it comes to this type of business. It further provides a comfortable atmosphere for clients to join them and accept their services. Their primary goal is to offer excellent service to their customers, provide great trades, education and most of all, support if they experience any financially related problem.
Forex Brokers We Recommend
|$ 50||Check Website||Review|
Background and Regulations
In 2012, a group of professionals in the financial industry established NSFX Ltd. This group had a clear vision in their mind, and soon one of the best Forex trading companies was making its first steps. Their strong connections with liquidity providers and banks offer great possibilities for clients and customers from around the world. Customers are eager to have the safe and quick way to earn money, and that is what NSFX will provide them. NSFX trading company is a part of NSFX Ltd. which holds a Category 3 investment services, with license number IS/56519 issued by the Malta Financial Services Authority (The MFSA). This further means that the company is safe offers separate accounts and has yearly inspections to examine the work of the company. In the United Kingdom, NSFX is registered by the Financial Services Authority (FSA) with number 595195. In Germany, their registration number is 131055, and they are regulated by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin). In France, the French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel – ACP) registered NSFX under the registration number 74397. While in Italy, the registration number is 3597, and it is registered by CONSOB. Beside these, it is also regulated in Spain by the Comisión Nacional del Mercado de Valores (CNMV) with number 3354, and Denmark by The Danish FSA with number 9221. As we already mentioned there are annual inspections, however, NSFX Ltd. is also obliged to submit monthly reports which guarantee full compliance with European norms.
NSFX Trading Platform
The company, like many others, is using the service of MetaTrader 4 as well as their NSTrader platform which was created to permit access from all devices and with fixed spreads. The trading platforms are one of the key elements in this process. Therefore, the software engineers were very careful and innovative developing NSTrader, which has great success in their market.
NSFX Account Types
NSFX offers three types of accounts besides their practice accounts, they are:
- Standard – with minimum initial deposit of $300 USD
- Professional – with minimum initial deposit of $3,000 USD
- VIP – with minimum initial deposit of $50,000 USD
Registration is free, but initial deposits are required. Lot size is 100,000 Units for all types. Minimum Trade for standard is 0.01 lot, for professional 0.1, while in VIP account it is set upon request
As many other companies do, NSFX has special offers and promotions for their clients. For example, there is 15% bonus on deposit; new traders also have an opportunity to receive 25% bonus when they register. These bonuses attract many clients when they choose the trading company for themselves. Therefore, this should be considered as a significant advantage.
NSFX supports all major Credit and Debit cards, as well as e-wallet Moneybookers (Skrill), Bank wire transfer, and CashU. It makes it very easy for both deposit and withdrawal options. The minimum deposit is $300, and withdrawals are unlimited and will be processed as quickly as possible. NSFX is a partner with Barclays, CitiFX Pro, UBS, Bank of America and Deutsche Bank which secures the stability, safety, and liquidity. It is the characteristic which only large banking institutions can provide. Besides, it is also important to mention that negative balance protection is provided on all accounts.
It is important for clients that there is a customer service which is available 24/7. Besides the NSFX support team also speak English, Arabic, Italian, and German, and the website is available in these languages, plus Turkish. It is the excellent option for both beginners and experienced traders. However, the site also offers weekly webinars and video tutorials to enhance your skills in the trade market.