Introduction

NSFX is an online forex broker that offers trading in forex, commodities, indices, and CFDs. Established in 2012 and based in Malta, NSFX is regulated by the Malta Financial Services Authority (MFSA). The broker provides both MT4 and MT5 trading platforms and offers a variety of account types to cater to different trader needs. This review will delve into the different aspects of NSFX, including its trading platforms, account types, customer service, and regulatory status.

Trading Platforms

MetaTrader 4 and 5

NSFX offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are widely recognized in the industry for their robust functionality, user-friendly interface, and advanced charting tools. However, the broker does not provide any proprietary platform or mobile trading app, which may limit the options for traders who prefer trading on the go or those who are looking for unique trading features.

Account Types

Standard, Professional and VIP Accounts

NSFX provides three types of accounts: Standard, Professional, and VIP. The Standard account requires a minimum deposit of $300, which is relatively high compared to other brokers. The Professional and VIP accounts require significantly higher deposits and offer more benefits such as lower spreads and dedicated account managers. However, the high deposit requirements may deter beginner traders or those with smaller capital.

Customer Service

Support Channels

NSFX provides customer support via email, phone, and live chat. While the broker claims to offer 24/5 customer service, there have been reports of slow response times and lack of effective solutions. This could be a potential drawback for traders who require immediate assistance or have complex issues.

Regulation

Regulated by MFSA

NSFX is regulated by the Malta Financial Services Authority (MFSA), which provides a certain level of credibility and protection to traders. However, Malta is not known for its stringent regulatory standards compared to regulators like the FCA in the UK or ASIC in Australia. Therefore, traders may need to exercise caution and conduct thorough research before deciding to trade with NSFX.

Conclusion

In conclusion, NSFX offers a range of trading services, including forex and CFD trading on MT4 and MT5 platforms. While the broker is regulated by the MFSA, its high minimum deposit requirements, lack of a mobile trading app, and reported issues with customer service may deter some traders. Therefore, it is crucial for potential traders to consider these factors and perhaps explore other brokers before making a decision.