NSBroker Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-05-08 17:03

Abstract：NSBroker, founded in 2019, is a brokerage registered in Malta. The trading instruments it provides cover currencies, precious metals, indices, energy carriers, cryptocurrencies, stocks, commodities.

NSBrokerReview Summary
Founded	2019
Registered Country/Region	Malta
Regulation	MFSA (regulated), FCA/AMF (suspicious clone)
Market Instruments	Currencies, precious metals, indices, energy carriers, cryptocurrencies, stocks, commodities
Demo Account	✔
Leverage	/
Spread	/
Trading Platform	MT5
Minimum Deposit	/
Customer Support	Phone: +44(203)936-07-21
	Email: help@nsbroker.com
	Physical Address: Suite 124, Signature Portomaso, Vjal Portomaso, San Giljan, PTMO1, Malta

NSBroker Information

　　NSBroker, founded in 2019, is a brokerage registered in Malta. The trading instruments it provides cover currencies, precious metals, indices, energy carriers, cryptocurrencies, stocks, commodities.

Pros and Cons

Pros	Cons
MFSA regulated	Suspicious clone licenses
Multiple trading instruments	No information about account type
MT5 trading platform supported	No Islamic trading account offered
Demo account available	No MT4
Popular payment options	Withdrawal fees charged
No deposit fees

Is NSBroker Legit?

　　NSBroker has three types of licenses, which are MFSA License, FCA License and AMF License. But it is only regulated by MFSA in Malta because the current status of FCA License and AMF License is suspicious clone.

Regulated Authority	Current Status	Regulated Country	Regulated Entity	License Type	License Number
The Malta Financial Services Authority (MFSA)	Regulated	Malta	ALCHEMY MARKETS LTD.	Market Making(MM)	C 56519
The Financial Conduct Authority (FCA)	Suspicious Clone	United Kingdom	NSFX Limited	European Authorized Representative (EEA)	595195
The Autorité des Marchés Financiers (AMF)	Suspicious Clone	France	NSFX Limited	Common Financial Service License	74397

What Can I Trade on NSBroker?

　　NSBroker offers traders the opportunity to trade currencies, precious metals, indices, energy carriers, cryptocurrencies, stocks, commodities.

Tradable Instruments	Supported
Energy carriers	✔
Currencies	✔
Precious metals	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Indices	✔
Futures	❌
Options	❌

Account Types

　　Unfortunately, NSBroker doesn't offer any information about accout type. The only thing we know is that it provides real accounts and demo accounts.

Trading Platform

　　NSBroker's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android devices.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC, Mac, Web, Mobile	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　The broker doesn't charge deposit fees but charges withdrawal fees. It supports 4 types of payment methods, which are Credit Card, Bank Wire, Skrill, Neteller. If withdrawing with Skrill and Neteller, a fee of 2.9% will be charged.

Method	Deposit Processing Time	Deposit Fees	Withdrawal Processing Time	Withdrawal Fees
Credit Card	Instant	$0	Up to 1 Business day	No fees
Bank Transfer	Between 2-3 Days	$0	Up to 2 Business day	No fees
Skrill	Instant	$0	Up to 1 Business day	2.9%
Neteller	Instant	$0	Up to 1 Business day	2.9%