NSBroker Review
Pros
- Competitive spreads and fees.
- Highly competitive ECN accounts.
- Extensive educational academy for beginners and intermediate traders.
- Accepts Credit Card deposits and withdrawals.
Cons
- Only provides trading via MT5.
- Could provide more trading instruments.
Overall Ranking
Overall
Investment Opportunity
Commissions & Fees
Safety
Research
Smartphone Usage
Customer Service
Education
Platforms & Tools
Overall
Investment Opportunity
Commissions & Fees
Safety
Research
Smartphone Usage
Customer Service
Education
Platforms & Tools
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money.
Extended NSBroker Review and Further Information
NSBroker is a Forex and CFD trading service operated by NSFX Ltd. Created in 2011 by a group of professional traders with the aim of providing a fairer, safer and cheaper trading experience. Our NSBroker review will take a quick look at some of their main features and then go in-depth further below:
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money.
- Over 70 trading instruments for Forex, Commodities, Indices and Energy Carriers.
- A free demo account for all users with $10,000 virtual currency.
- Full access to the MT5 trading platform and all of its features, such as the economic calendar.
- Leverage up to 1:100.
- Credit Card deposits and withdrawals are accepted by this broker.
- 24/5 free customer support and live chats available.
- An amazing educational academy for both beginner and intermediate traders.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money.
How to Open your Account
To open an NSBroker account, simply click the ‘OPEN AN ACCOUNT’ button at the top right of the home page and fill in the required form. After this, you will be requested to verify your account and provide a proof of ID (National ID, passport or drivers license), proof of residence (a recent utility bill such as a bank statement), and a copy of your card details for payment.
Once complete, your account will be ready to trade right away. The minimum deposit is $250 and so is very accessible.
Trading Conditions
Our NSBroker review showed that they offer highly competitive tight spreads from just 0.4 pips, with instant order execution. NSBroker offers an ECN account to give traders real pricing and low leveraged trading opportunities. Unlike many other ECN brokers, NSBroker charges no commission fee and this is a strong positive.
Available Trading Instruments
NSBroker provides a concentrated range of trading instruments from Forex, Commodities, Indices and Energy Carriers. This is not the best coverage of trading instruments, but provides the most popular trading assets. A trader is very unlikely to trade hundreds of assets and so this number is more than enough to make profits. For example, our NSBroker review determines that they allow you to trade:
- Forex: GBP/USD, EUR/CHF, EUR/JPY, AUD/USD, and more…
- Commodities: XAUEUR, XAUUSD, XAGEUR, XAGUSD and more…
- Indices: US30, US500, US100, JPN225, FTSE100, CAC40, DAX30, AUS200 and more…
- Energy: USOIL, UKOIL and more…
Trading Platform
Our NSBroker review has found that MetaTrader5 or MT5 is your only choice with NSBroker. All 3 versions for PC, web browser and mobile devices are available. It would be great to see NSBroker using their own personal platform in the future, but in the meantime, MT5 is a revolutionary platform with many useful tools and an efficient layout for all traders.
MT5 is currently the most advanced trading platform. It delivers countless tools and support to bring the best to all users. In comparison with its predecessor (MT4), it has the following upgrades:
- 21 time-frames
- 38 technical indicators
- 44 analytical objects
- 6 pending orders: Buy limit, buy stop, sell limit, sell top, buy stop limit, sell stop limit
- Depth of Market (DOM): This exclusive feature presents the current best bids and asks for a specific asset (closest to the market) based on volume.
- Strategy tester
- Integrated chat and financial news
All of the necessary tools are now integrated into just one platform, making MT5 an amazing place for both technical and fundamental analysts.
Deposits and Withdrawals
This broker will only accept 2 methods; credit card or bank transfer. Credit card deposits will be transfered immediately, whilst bank transfers may take up to 2 days to process. Please note that this is not a fault of the broker, but of the 3rd party used in deposits. We found that accepting credit cards is great and simple, and improved the accessibility of this broker, as not many other brokers allow for credit card payment.
In terms of withdrawal, the process will be less than 48 hours. NSBroker has done everything possible to make deposits and withdrawals a smooth and swift process.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money.
The mobile version of MT5 is simplistic and somewhat similar to MT4. As such, users will find it east to familiarize with the platform and trade on-the-go with ease. You can download MT5 for both Android and iOS (via Google store or App store). Find the server NSFX Limited, log into your account and trade anytime anywhere.
Regulations and Jurisdictions
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money.
Trading Academy
Education is an important part of Forex but is often overlooked as people try to find get rich schemes and quick hacks. This simply never works, and you will end up being on the losing side as will the majority of people. Taking matters into your own hands and taking the time to learn trading, risk management, and having discipline to learn whilst trading, will be vital to improve your chances of success. At NSBroker, newcomers and intermediate traders can benefit from e-books and video lessons to gain a comprehensive view of the financial markets and their operations.
This broker also hosts webinars led by multiple experts to share trading experience, introduce trading opportunities, or to guide on the use of the platform.
Demo Account
There is nowhere better or safer to hone your newfound skills. The NSBroker demo account is available to all to practice your skills and strategies. Each demo account has a balance of $100,000 USD with full access to trading instruments. The demo environment simulates the real market so that you can try anything without financial risk. Clients can use their demo accounts via desktop or mobile through MT5. In the server selection, choose NSFXLtd-Demo instead of NSFXLtd-Live.
NSBroker Review Conclusion
Overall, we believe that NSBroker is perfect for newcomers. The education center and mild trading conditions of NSBroker can help you have the first solid steps in your trading career. If you are an experienced or intermediate level trader, the ECN environment and simplicity of NSBroker can provide everything you need and more to help you make profits and stay safe whilst trading.
There are minor flaws with this broker; support could be available 24/7 as opposed to 24/5, or perhaps spreads could be fixed. Nonetheless, it is highly unlikely that brokers provide either of these services, and so despite this, NSBroker is a great starting point for those looking to trade.
We hope you found our NSBroker review helpful. If this is not the broker for you, why not see more in-depth reviews here.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This does not constitute as investment advice or personal recommendations as your specific financial circumstances have not been considered. No warranty is given in regards to the accuracy and completeness of information.
Past performance is not an indicator of future results.