Address: 168 St Christopher Street Valleta 1467 Malta
Phones: +356 27781919
Our Overall Rating
NSFX is an online broker, specialising in Forex trading, and offering over 50 Forex pairs, alongside some CFDs, plus Gold and other metals. Based in Malta, the broker is regulated by the Malta Financial Services Authority (MFSA) and is entirely MIFID compliant. NSFX is also authorised under other relevant authorities in the jurisdictions in which it operates, including the Financial Conduct Authority (FCA) in the UK. The company believes in offering high-quality service, based on what it refers to as the Three Trading Pillars: Innovative Trading Platforms, Innovative Trading Tools, and Excellent Trading Conditions.
Like many online brokers, NSFX offers a commission-free model when it comes to trading Forex, and instead takes its fees from the spreads. NSFX spreads are relatively competitive, with an average spread of 0.7 pips on EUR/USD currently quoted. Tight spreads keep overall trading costs nice and low, and there are also very few extra or ‘hidden’ fees. The broker does not charge an inactivity fee, and withdrawal fees depend on the method used but are quite low. NSFX does charge a commission on trading CFDs, with the current fee structure displayed on the website.
NSFX provides a custom trading platform, known as JForex, available as a desktop download or as a web-based platform. This offers a range of trading and charting tools and a choice of orders including market, stop loss, trailing stop loss and take profit orders. The platform provides over 180 technical indicators, an economic calendar and a live news stream. MT4 trading is also possible along with all the features, tools and indicators all MT4 traders have come to expect. The broker offers free mobile trading apps for both iOS and Android devices, and mobile trading is possible whether you are using MT4 or the custom platform.
Customer support can be reached via dedicated support phone lines, with the main phone line to reach the Malta office, and separate phone lines provided for the countries most frequently served by this broker, including the UK, Germany and Spain. Clients can also fill out a contact form on the website or email support directly. There is a live chat option, but we found that it is not continuously available, with an attempt to log on to live chat often resulting in a request to leave a message as there is no-one available to chat. Responses to messages and email requests are, however, quick, polite and helpful. The firm does run social media accounts, but they do not appear to be very active
NSFX strives to meet its own self-determined ‘pillars’ of good trading, providing innovative trading platforms, a wide range of cutting-edge trading tools, and excellent trading conditions. Fees are reasonable, the website is clean and easy to navigate, MT4 trading is available, and there is a good choice of funding options. Robust mobile apps provide flexibility and convenience for trading on the go. Customer support could use some improvement, and there is a limited choice of instruments, but over 50 Forex pairs, making this an attractive choice for those specialising in Forex and wanting a larger number of pairs to choose from to diversify their Forex trading activities.
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