NSFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-05-08 17:00

Abstract：NSFX, founded in 2004, is an old brokerage registered in Malta. The trading instruments it provides cover forex pairs, commodities, indices and so on.

NSFXReview Summary
Founded	2004
Registered Country/Region	Malta
Regulation	MFSA (regulated), FCA (revoked)
Market Instruments	Forex, commodities, indices
Demo Account	✔
Leverage	/
Spread	/
Trading Platform	NSFX JForex
Minimum Deposit	/
Customer Support	Phone: (+356) 2778 1919
	Email: support@nsfx.com
	Physical Address: Suite 124, Signature Portomaso, Vjal Portomaso, San Giljan, PTM01, Malta
	Live chat

NSFX Information

　　NSFX, founded in 2004, is an old brokerage registered in Malta. The trading instruments it provides cover forex pairs, commodities, indices and so on.

Pros and Cons

Pros	Cons
MFSA regulated	Revoked FCA license
Three types of trading accounts	No MT4 and MT5
Demo account available	Limited information about account types
Multiple deposit and withdrawal methods
No deposit fees

Is NSFX Legit?

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

Regulated Authority	Current Status	Regulated Country	Regulated Entity	License Type	License Number
The Malta Financial Services Authority	Regulated	Malta	ALCHEMY MARKETS LTD.	Market Making(MM)	C 56519
The Financial Conduct Authority (FCA)	Revoked	United Kingdom	NSFX Limited	European Authorized Representative (EEA)	595195

What Can I Trade on NSFX?

　　NSFX offers traders the opportunity to trade forex, commodities, indices.

Tradable Instruments	Supported
Commodities	✔
Indices	✔
Forex	✔
Stocks	❌
Cryptocurrencies	❌
Futures	❌
Options	❌

Account Types

　　NSFX offers 3 different types of accounts to traders, which are ECN, Fixed Spread, JForex. But there isn't much information about accounts on its official website.

Trading Platform

　　NSFX's trading platform is NSFX JForex, which supports traders on PC, Mac, iPhone and Android.

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

Deposit and Withdrawal

　　The broker doesn't charge deposit fees or withdrawal fees. It supports 8 types of payment methods, which are Wire Transfer, MasterCard, Maestro, Visa, Skrill, Neteller, Fast Bank Transfer. 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
Wire Transfer	Between 2-3 Days	$0	Up to 2 Business days	No fees
MasterCard	Instant	$0	Up to 1 Business day	No fees
Maestro	Instant	$0	Up to 1 Business day	No fees
Visa	Instant	$0	Up to 2 Business days	No fees
Skrill	Instant	$0	Up to 1 Business day	2.90%
Neteller	Instant	$0	Up to 1 Business day	2.90%
Fast Bank Transfer	Up to 10 business days	$0	Up to 2 Business days	No fees