NSFX is a MFSA-regulated broker offering CFD trading with floating and fixed spreads from 0.02 pips, as well as Forex trading with a commission of $9 per lot. NSFX broker provides these services through MT4 and JForex trading platforms.
While the minimum deposit requirement for a Fixed Spread account is $300, JForex requires a minimum of $3,000 offering leverage options of up to 1:30.
NSFX (Company Information and Regulation)
NSFX Ltd. is a brand name of Alchemy Markets Ltd, registered in Malta (Company Registration Number: C56519). The broker is licensed by the Malta Financial Services Authority (License Number IS/56519). Key features of NSFX:
- Regulated by MFSA as a Category 3 investment services provider;
- Previously held licenses from FCA, BaFin, and AMF;
- Compliance with the European Securities and Markets Authority (MiFID);
- Directed by John Cassar Torreggiani;
- ECN and STP technology;
- Founded in 2012.
NSFX Table of Specifications
To provide a clear overview of NSFX's offerings, let's examine a detailed Table of Specifications, including account types, leverage options, and many more.
Broker | NSFX |
Account Types | ECN, Fixed Spread, JForex |
Regulating Authorities | MFSA, MiFID |
Based Currencies | USD, GBP, EUR |
Minimum Deposit | $300 |
Deposit Methods | VISA, MasterCard, Maestro, Bank Wire, Skrill, Neteller, Fast Bank Transfers |
Withdrawal Methods | VISA, MasterCard, Maestro, Bank Wire, Skrill, Neteller, Fast Bank Transfers |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:30 |
Investment Options | None |
Trading Platforms & Apps | MT4, JForex |
Markets | Forex, Indices, Metals, Energies |
Spread | Variable based on the account type and instrument |
Commission | Variable based on the instrument |
Orders Execution | Market, Instant |
Margin Call / Stop Out | 100% / 50% |
Trading Features | Mobile Trading, Trading Analysis, Academy, eBooks |
Affiliate Program | Yes |
Bonus & Promotions | Partnership |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Email, Live Chat, Phone |
Customer Support Hours | Market Hours |
NSFX Account Type Offerings
The broker caters to a diverse range of traders with its three distinct account types: ECN, Fixed Spread, and JForex.
Features | ECN | Fixed Spread | JForex |
Base Currency | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP |
Min Deposit | $1,000 | $300 | $3,000 |
Leverage | 1:30 | 1:30 | 1:30 |
Margin Call | 100% | 100% | 100% |
Stop Out | 50% | 50% | 50% |
Min Order Size | 0.01 lots | 0.01 lots | 0.01 lots |
Platform | MT4 | MT4 | Proprietary Platform |
NSFX Broker Registration and Verification
The registration and verification process at NSFX is designed to be straightforward while ensuring compliance with regulatory requirements.
- Visit the brokerās official website at āhttps://nsfx.com/ā;
- Click āOpen Live Accountā;
- Fill out the āSign Upā form;
- Provide proof of ID (Passport or driverās license), proof of residence (bank statement or recent utility bill), and a photo of your credit card (if you choose to make a deposit using this method).
NSFX Trading Platforms
We must discuss trading platforms in this NSFX review. The company utilizes two main trading solutions: MetaTrader 4 and a proprietary mobile/web application.
MetaTrader 4 (MT4)
JForex (Proprietary Platform)
Note that in the broker websiteās latest update, the MT4 platform is not mentioned. However, itās still mentioned in the companyās documents.
NSFX Fees and Commissions
While the broker has a transparent approach to the fee structure, the rates are hardly competitive. Note that the company offers pretty high spreads and commissions compared to its competitors.
Asset Class | Commission (Per lot) | Fixed Spread (Pips) | Avg. Spread (Pips) |
Forex | $9.0 | 3.00 | N/A |
Metals | $9.0 | 0.60 Gold 0.02 Silver | 0.24 Gold 0.022 Silver |
Energies | $0.9 | 0.12 US Oil 0.15 UK Oil | 0.121 US Oil 0.145 UK Oil |
Indices | 0.05% | 6.0 Nasdaq 2.0 S&P 500 | 1.60 Nasdaq 0.41 S&P 500 |
NSFX Broker Payment Methods
The company offers a variety of secure and convenient payment methods, from Bank transfers to e-payments, to cater to its global clientele.
Method | Deposit Process | Deposit Fee | Withdrawal Process | Withdrawal Fee |
Bank Wire | Between 2-3 Days | $0 | Up to 2 Business days | $0 |
MasterCard | Instant | $0 | Up to 1 Business day | $0 |
VISA | Instant | $0 | Up to 2 Business days | $0 |
Maestro | Instant | $0 | Up to 1 Business day | $0 |
Skrill | Instant | $0 | Up to 1 Business day | 2.9% |
Neteller | Instant | $0 | Up to 1 Business day | 2.9% |
Fast Bank Transfer | Up to 10 business days | $0 | Up to 2 Business days | $0 |
Copy Trading and Investment Plans on NSFX
Offering features that enable traders to earn passive income is considered a plus point in the NSFX review. While the company does not offer an exclusive copy trading feature or structured investment plans, it supports the use of EAs.
Expert Advisors enable you to automate the trading process and earn profits by utilizing trading bots.
NSFX Bonus and Promotional Plans
While the broker does not offer traditional bonuses or promotional plans for individual traders, they do have a comprehensive partnership program. Key features of the NSFX affiliate program:
- Commissions as CPA and revenue share;
- Sub affiliate program;
- Monthly payouts;
- Exclusive marketing materials.
NSFX Broker Support Channels
The company provides support only during market hours. Services are available in five different languages, including English, Spanish, German, French, and Italian. NSFX customer support:
support@alchemymarkets.eu | |
Phone Call | (+356) 2033 0355 |
Live Chat | Available on the official website |
NSFX Trust Scores and Reviews
User satisfaction is one of the most important topics in this NSFX review. The companyās profiles on review websites donāt have many comments.
3.1 out of 5.0 based on three ratings | |
Forex Peace Army | 3.5 out of 5.0 based on seven comments |
Conclusion and Final Words
NSFX utilizes ECN and STP technologies via its proprietary platform, JForex, and the robust MetaTrader 4. NSFX broker supports Neteller, Skrill, and Credit/Debit Cards transactions and Gold trading with spreads from 0.24 pips and a fixed commission of $9.
We also mentioned in this NSFX review that the company doesnāt accept clients from the USA and the UK, alongside 14 other countries. The broker has a rating of 3.1 on TrustPilot, which is considered an average score. If youāre not from the restricted countries, complete the NSFX registration and enjoy trading EURUSD with spreads from 1.1 pips.
