NSBroker Broker Review

NSFX Ltd, a Maltese regulated investment services firm that works under European and Maltese legislation, runs NSBroker. NSBroker has attracted traders of all levels since its inception in 2011, thanks to its mission of transforming online trading.

NSFX Ltd. was created by a group of specialists who saw the potential of an online forex trading platform. The company’s technology infrastructure was established to understand what a trader could look for in a company.

The banking system, liquidity provider, trading platform, and trading interface are all strong suits of the firm.

If you are looking to open an account with the NSBroker, then consider this review first.

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Regulation

The Malta Financial Services Authority (MFSA), the Financial Conduct Authority (FCA), the Federal Financial Supervisory Authority (BaFIN), the French Prudential Supervisory Authority (ACP), the National Securities Market Commission (CNMV), and the FINANSTILSYNET all licence and regulate NSBroker.

Reliability

According to MFSA requirements, all customer funds at NSBroker are completely separated from the organisation’s finances and saved in separate bank accounts. In the event of NSBroker’s insolvency, qualifying investors are covered up to 90% of their investment, up to a maximum of €20,000.

The broker to keep its clients’ account balances from falling negative also provides Negative Balance Protection.

Tradeable products

You can trade 60+ financial products across six asset classes at NSBroker, including forex, crypto, stock, indexes, energy, and metal.

NSBroker supports 40 forex pairings, which accounts for two-thirds of the platform’s total asset suite.

When it comes to precious metals, NSBroker only offers two markets: gold and silver. These are exchanged in the XAU/USD and XAG/USD currency pairs, respectively.

NSBroker provides two energy trading markets, both of which are centred on crude oil. WTI and Brent crude oil are examples of this.

You may trade eight different indices with NSBroker, including the NASDAQ 100 and the Dow Jones 30.

Cryptocurrencies are the final asset class supported by NSBroker. NSBroker provides five cryptocurrency marketplaces, all of which are priced in USD. Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple are all examples of cryptocurrencies.

Despite the limited number of tradeable items available, NSBroker offers ultra-low spreads beginning at 0.3 pips.

Account types

NSBroker provides two types of accounts: real and demo.

The real account is a type of ECN account with very low spreads (from 0.3 pips) and a 250 USD/EUR/GBP minimum deposit.

The real trading account enable real-time pricing, faster order execution, and tighter spreads by directly connecting currency market participants via electronic communication networks.

Having stated that, when dealing with NSBroker, traders may open multiple ECN accounts and transfer funds between them without incurring additional fees.

Moreover, two or more investors might choose to possess a shared account, which means your beneficiaries can log in and manage the host’s trading account. When creating a real trading account, traders will be confronted with various trading conditions and a 250 USD/EUR/GBP minimum deposit.

All account users at NSBroker have access to a demo trading platform. This is done through MT5 and comes with a $20,000 virtual trading balance.

This is advantageous for two reasons. To begin with, the NSBroker demo account is designed for those of you who have little to no experience trading online. Second, because real-world trading conditions model everything, you can acquire a real sense of how things work.

Average Standard Account Spreads on Majors

• EUR/USD: 0.3
• GBP/USD: 0.3
• USD/JPY: 0.3
• AUD/USD: 0.3

Opening an account

Here’s what you need to do to open an account:

• Navigate to the broker’s official website and select Open Live Account.
• Enter the essential information (full name, country, phone, password, email, and so on) and click Register.
• Enter some other information, such as your address, investment experience, risk tolerance, and so on.

After completing the following steps, you will be led to the deposit page. Choose your expected deposit amount and payment method here, then make a deposit and begin trading.

Account currency

There are three base currencies for opening an account with NSBroker. They are:

GBP, USD, and EUR.

Unfortunately, as a South African, you cannot open an account in ZAR.

Trading platform

MetaTrader 5 is the default trading platform for NSroker customers.

To trade with MT5 at NSBroker, you have three options: desktop software, a smartphone app, or web trader. If you choose the latter, you can do it directly from the NSBroker website. In either case, you must log into MT5 using your NSBroker credentials.

The desktop trading platform and the mobile application provide the same functionality, including the ability to personalise the platform, access real-time trade quotes, check the economic calendar, and view your trading history.

It is simple to trade on the MetaTrader 5 platform. After successfully logging into your NSBroker trading account on MT5, press F9 to launch the order window, then choose the order type, market direction, order size, and projected take-profit and stop-loss levels.

You can also trade with many time frames, employ various technical indicators and chart tools, and place various orders.

Commissions and fees

When compared to other brokers, NSBroker has relatively low trading costs.

They begin charging a 0.3 pip spread, making it an excellent choice for scalpers and traders interested in short-term trades.

Because most brokerage firms start spreads at 1.2 pip, NSBroker is considered a hidden gem because it starts spreads at 0.4 pip.

While deposits are free at NSBroker, consumers must pay a fee for withdrawals via e-wallets. However, NSbroker does not impose a fee for maintenance or inactivity. In general, all fees are disclosed on the website, and there are no hidden fees that may irritate or disrupt clients’ trading experiences.

Leverage

NSBroker doesn’t offer a lot of leverage options. At this broker, the largest ratio that a skilled trader can have is 1:100.

On the other hand, medium leverage might be a safe ratio, especially for beginning traders, because greater leverages can quickly wipe out their accounts after a few trades. As an ECN broker, NSBroker charges commissions on each trade depending on the trading product. This price might be $8 per lot or 0.05 per cent of volume.

Deposits and Withdrawals

You can fund NSBroker’s trading accounts using four different payment methods: credit/debit card, Skrill and Neteller, and bank transfer. While the first three deposit methods are quick, bank transfer funding can take up to three days to reach your trading account.

Similarly, clients can withdraw funds using the payment methods mentioned above in as little as two business days. However, in terms of transaction costs, while withdrawals through bank transfer and credit/debit card are free, Skrill and Neteller charge 2.9 per cent of the amount withdrawn.

There is no minimum withdrawal amount.

The minimum deposit amount required by NSBroker is 250 USD/EUR/GBP.

Education and Research

The comprehensive education centre at NSBroker is one of the main reasons it appeals to both professional and newbie traders. This section contains a variety of training products such as ebooks, video courses, and webinars.

While ebooks are the greatest way to learn the fundamentals of trading and financial markets, video classes provide a more visual method.

Webinars, on the other hand, are the most engaging learning technique. They function as online workshops, covering various topics such as basic trading methods, new opportunities, and platform navigation.

Furthermore, all webinars are recorded so that clients who cannot attend the online session can readily rewatch them.

You can acquire a variety of research tools from NSBroker. The first trading tool is the financial newsfeed, a collection of news items, including the essential financial news from around the world.

There is also a technical analysis and investing strategy tool. The technical analysis provides technical insight into the upcoming trading week and is updated weekly.

Investment strategies are short articles created by a team of NSBroker specialists to provide you with trading information and know-how. In addition, these techniques are presented to assist traders in improving their trading skills due to the recommendations shared in the articles.

NSBroker provides financial market reviews that will give you everything you need to know about the financial markets you trade or are interested in trading. Finally, the economic calendar is a useful trading tool for the majority of traders.

The economic calendar is an up-to-date calendar that includes all of the most important trade events taking place worldwide; you will be able to learn about what is going on in the world of trading.

Customer Service

Helpful customer service retains the users’ love and trust. NSBroker is well-versed in this sector and takes it very seriously. The customer care department can be contacted by phone, email, or live chat. Although they are not available 24 hours a day, you will find their responses timely and appropriate to your needs.

Bonuses and Promotions

At the time of writing this review, NSBroker does not offer any bonuses or promotions.

Special features

At NSBroker, you can use trading robots, so-called Expert Advisors or EAs, to automate trading.

NSBroker South Africa

If you are a South African client, you will be glad to know that you can open an account with NSBroker. However, it does not allow you to open an account in ZAR.

Affiliate program

The NSBroker allows partnership programs like introducing broker, affiliate programs, and white label partnerships.

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Our verdict

Overall, NSBroker has its pros and cons, just like any other online trading platform.

In terms of pros, the platform is competitive in terms of fees. However, it does not provide a commission-free trading system like other brokers in the field, but its commission is negligible.

Trading cryptocurrencies and indices, for example, will cost you only 0.05 per cent in commission.

In addition, NSBroker’s spreads are among the narrowest I’ve observed, with key forex pairings coming in at only 0.3 pips. It’s also worth noting that you’ll have access to MT5, which is pre-loaded with helpful trading tools and features.

We also like the fact that you can have access to a demo account with a virtual trading amount of $20,000 when you sign up.

NSBroker’s customer support is convenient, and the live chat provides answers in a matter of seconds.

According to NSBroker, 54.6 per cent of retail investor accounts have lost money when trading CFDs with this broker in the last 12 months. This figure is significantly lower than the industry norm, implying that NSBroker is doing something right.

On the other hand, NSBroker is probably not for you if you require access to a large asset library. With only 60 financial items, this is quite limited.

The site also lacks e-wallet capability, and financial news and analysis are almost non-existent.

Bottom line

NSBroker appears to be a reliable, well-regulated broker. Its ultra-low spreads and lightning-fast order execution help it stand out among short-term trading and scalping venues.

The most significant disadvantage of NSBroker is its limited variety of trading platforms and account types for its clients. However, this is not a major issue because most traders prefer MetaQuotes, and MetaTrader 5 is one of the greatest trading platforms available today.

Feel free to try NSBroker, as the broker has multiple regulations and offers low spreads.

We value your feedback: Rate this broker by leaving a comment and rating below this review.

Broker FAQ

Thinking of Trading with NSBroker?

What is the NSBroker’s minimum deposit?

The minimum deposit from opening an account with NSBroker is 250 USD/EUR/GBP.

How do I deposit/withdraw from the NSBroker account?

You can deposit/withdraw funds through debit/credit card, bank wire transfers, Skrill, and Neteller.

Is NSBroker spreads high?

NSBroker offers low spreads starting from 0.3 pips.

What is the maximum leverage at NSBroker?

The maximum leverage at NSBroker is 1:100.

Does NSBroker use MetaTrader?

Yes, Metatrader 5.

Is NSBroker available in South Africa?

Yes, NSBroker is available for South African traders.

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