Founded in 2011, NSFX, the owner of the NSBroker trading brand, is an MFSA-licensed Forex and CFDs broker whose address is in Malta, 168 St Christopher Street, Valletta VLT 1467, MALTA. It offers the MetaTrader 5 trading platform with over 100 tradable assets and instruments, including FX currency pairs, company stocks, indices, commodities, and cryptocurrencies.
Thanks to its superior trading conditions, NSBroker has been constantly growing over the years. At present, it has more than 33,000 clients in 150+ countries and ranks among the fastest-growing Forex Brokers in the world.
Facts about NSBroker:
- Founded in 2011
- Offers Forex and CFDs trading services
- Offers services to clients in most countries except the US, Canada, and Japan
- Offers 24/7 customer support in several languages
- Is NSBroker regulated? – Security for traders
When you choose between FX brokers, the first and foremost factor needed to be considered is regulation. Trading with a broker licensed by an official authority will bring a lot of advantages such as:
- Your capital will be insured in the event the broker becomes insolvent.
- Your personal information will be safe.
- Your trading activity will not be manipulated.
- NSBroker is regulated by the Malta Financial Services Authority (MFSA), the registration number IS/56519. With the MFSA registration, NSBroker’s clients in Malta are covered under the Investor Compensation Scheme which is based on the EU Directive 97/9. With this scheme, they can claim up to a maximum amount of €100,000 if the broker is unable to fulfill its contractual obligations.
You can find the information about NSBROKER’s regulation on the company’s homepage (https://nsbroker.com/) or MFSA’s official site (https://www.mfsa.mt/).
NSBroker manages its client’s funds in segregated bank accounts. The broker undertakes not to use the client funds for its investment activities or for any other purpose (NSBroker is checked and verified by reputable audit firms in the world).
Like every other reliable Forex broker, NSBroker also offers its clients Negative Balance Protection – a tool that protects the clients from losing more than the amount of money they deposited into the broker.
Thus, trading at NSBroker, you will enjoy maximum protection.
Summary of NSBroker’s regulation and security:
- Regulated by the Malta Financial Services Authority (MFSA)
- Investor Compensation Scheme (clients are protected by up to €100,000)
- Segregation of funds
- Secure Sockets Layer
- Negative Balance Protection
Review of NSBroker trading conditions for traders
NSBROKER offers more than 100 financial products covering 5 different asset classes namely company stocks, indexes, Forex currency pairs, digital currencies, and commodities. Below are some of the tradable assets and instruments at this broker:
eBay Inc., Facebook, BANK OF AMERICA, eBay Inc., GOLDMAN SACHS, GOOGLE Inc., IBM, MICROSOFT Corp., TOYOTA, SONY, Twitter Inc, AT&T Inc, American Express, Amazon, Mastercard, MCDONALDS, COCA COLA, VISA, NIKE, NETFLIX Inc, TESLA MOTORS Inc, Ferrari SpA, GENERAL ELECTRIC, INTEL Corp., UBS AG, ALIBABA, JPMorgan Chase & Co., Morgan Stanley, PayPal, Hewlett-Packard Enterprise Services, Lululemon, SHOPIFY, Go Daddy Inc…
CAC 40, NIKKEI 225, S&P 500, DJ 30, NASDAQ 100, FTSE 100, DAX 30, Hang Seng, DJ EURO STOXX50, India50…
Forex currency pairs:
EUR/USD, USD/CAD, USD/CHF, GBP/USD, EUR/CHF, EUR/JPY, EUR/GBP, AUD/USD, NZD/USD, EUR/CHF, AUD/CHF, AUD/CAD, AUD/JPY, AUD/NZD, CHF/JPY, EUR/AUD, EUR/NZD, EUR/CAD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, USD/INR, USD/CNH, GBP/TRY, USD/ILS, GBP/ILS, EUR/ILS…
Bitcoin, Bitcoin Cash, Ripple, Stellar, Ethereum, Litecoin, Cardano, DASH, EOS, Factom, MonaCoin, Monero, NEM…
Gold, Silver, Copper, Palladium, Platinum, Aluminium, Corn, Wheat…
The most prominent point of NSBroker is the low spreads. The broker’s spreads start from 0.4 pips, which is much lower than the industry average (1.2 pips). Besides, NSBroker does not charge any commission on trades. This makes this broker an ideal place for scalpers and short-term traders.
At NSBroker, traders can only trade on MetaTrader 5 (MT5). The broker offers 3 versions of this trading platform, including MT5 DESKTOP (for PCs), MT5 WEB (for browsers), and MT5 MOBILE (for iOS, Android and Windows Mobile devices). This enables the clients to enter the market and to manage their accounts from anywhere and at any time.
At a glance, not providing MetaTrader 4 seems to be a big omission of NSBroker as most forex traders use this platform today. However, upon closer inspection, the MetaTrader 5 trading platform is no different from MetaTrader 4 except that it has more advanced functions and tools. The interface of MT5 is very similar to that of MT4, but it has been designed to be more user-friendly. We will dive into this platform in the section below.
NSBroker gets quotes from various liquidity providers such as Dukascopy, PrimeXM, Barclays, UBS, Citigroup, Currenex, etc. This allows the broker to offer better prices and to execute the clients’ orders more flexibly.
The maximum leverage that NSBroker offers is 1:100 – relatively low compared to that of other brokers. However, according to professional traders, you should not use any leverage higher than 1:50 because it will increase the trading risks, so the leverage at NSBroker is acceptable.
NSBroker’s customer support team is available from 08:00 to 20:00 (GMT+3) on 5 business days a week in several languages. If you are a VIP client with an initial deposit of over $100,000, you will be supported 24/7.
Another outstanding feature of NSBroker is that it provides a rich and comprehensive education center, where clients can access financial investment knowledge from basic to advanced. There are multiple ways for you to learn to trade at NSBroker such as reading e-books, articles and analysis; watching videos; joining webinars; or following signals of top-performing traders or the broker’s market experts.
TEST OF THE NSBROKER TRADING PLATFORM
The trading platform plays an extremely important role in a trader’s success. Professional traders always choose brokers that provide advanced and reputable trading platforms.
MetaTrader 5 (MT5) is such a platform. It is a significantly upgraded version of the legendary trading platform MetaTrader 4. MT5 has a user-friendly interface and has all the necessary functions and tools for all levels of traders.
One of the most outstanding features of MetaTrader 5 is that it supports various time frames. Besides common time frames like 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week, and 1 month, traders can also use time frames like 2 minutes, 3 minutes, 6 minutes, 10 minutes, 12 minutes, 20 minutes, 2 hours, 3 hours, 6 hours, 8 hours, and 12 hours. This enables traders to conduct technical analysis more meticulously.
Besides, it’s impossible not to mention a new function on MetaTrader 5 that MetaTrader 4 does not have: the built-in economic calendar. The MT5’s economic calendar is similar to professional calendars on the market today; however, it updates actual data much faster. For news traders, knowing the information a few seconds ahead means they can act before thousands of other competitors do.
MetaTrader 5 WebTrader
MT5 WEB is a version of the MetaTrader 5 platform; however, instead of being downloaded and installed on a computer like the MT5 DESKTOP version, it is used directly on browsers. MT5 WEB has all the tools and functions of the MT5 DESKTOP, but it allows traders to access their trading accounts on any devices on which browsers can run (computers, phones, or even TVs).
We tried using NSBroker’s MT5 WEB on many different browsers. No errors or misalignments were detected.
Facts about NSBroker’s MetaTrader 5 platform:
- Advanced tools
Charting and Analysis
90% of Forex traders start with technical analysis, so charting is one of the most important elements of a trading platform. Clear price charts will help traders conduct technical analysis better, and that can bring them more profitable trading opportunities.
MetaTrader 4 and MetaTrader 5 are the trading platforms that have the clearest and easiest-to-use price charts today, so these platforms are commonly used by Forex traders. MT5 supports three types of charts namely Candlesticks, Bar Chart, and Line Chart. Among these types, the candlestick chart is the most used because it is intuitive and provides a lot of valuable information about price action in the market.
Reading candlestick patterns is the most effective technical analysis technique; however, it is difficult for beginner traders. Therefore, professional traders have created technical indicators to make it easier for newcomers to analyze market movements. MetaTrader 5 supports 38 different technical indicators, including well-known ones like Moving Average, Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Stochastic Oscillator, Average Directional Index ( ADX), and many more.
Test of the mobile trading platform (app)
As mentioned, NSBroker also offers the MT5 MOBILE version, which is compatible with Android, iOS, and Windows Mobile devices. This version is integrated with all the tools and functions of the MT5 DESKTOP, allowing traders to trade on the move.
Features of NSBroker’s MT5 App:
- Real-time quotes
- Customisable platform
- Multiple time frames
- Various technical indicators and drawing tools
- Various order types
- Trading history
MT5 App is available on Google Play and App Store. All you need to do is get on there, search “MetaTrader 5” then download and install it. After the app is ready, you just need to open it and search for NSBroker servers, then login to your account and start trading.
Account Types of NSBroker:
NSBroker only offers 2 types of accounts: Demo and Real accounts. The broker’s real account is a type of Electronic Communication Network (ECN) account, but there’s no commission charged. The spreads of most assets are fixed, starting from 0.4 pips (EUR / USD).
NSBroker does not limit the number of real accounts created, which means you can create as many real accounts as you want.
Review of the deposit and withdrawal
NSBroker’s deposit process is safe and simple. You can deposit via one of the following payment methods:
- Credit Card: This is the fastest and most popular deposit method. Your deposit is credited to your trading account as soon as you complete the deposit process.
- Wire Transfer: This is the second most popular deposit method in the online trading world. Its completion time depends on your bank (usually in 24 hours).
- Electronic wallets: Funding via e-wallets is secure and fast, but the fee may be higher than the above-mentioned payment methods. NSBROKER accepts deposits via 5 types of e-wallets namely Yandex Money, QiWi Wallet, Skrill, Neteller, and Webmoney.
- The minimum deposit at NSBroker is $250. The broker claims that it does not charge any fees on deposits, so if there is a fee, it must have been charged by a third party.
Withdrawals at NSBroker start at $1 and are usually made within 2 business days via the payment method you used to make your deposit. The broker also claims that it charges no fees on withdrawals, except for those made through Skrill and Neteller.
Important note: To request a withdrawal, you have to complete NSBroker’s account verification process by uploading the copy images of your Proof of Identity (National ID card, Driver License, Passport …) and Proof of Residence (utility bill, bank statement …).
Fees and costs for NSBroker Traders:
Opening an account with NSBroker is free, but you will be charged when you trade through spreads and swaps.
As mentioned, spreads at NSBroker start from 0.4 pips (EUR / USD). To view swaps, you need to open the MetaTrader 5 software, right-click on the type of asset you want to trade and select “Specification.”
Support and service for traders:
The support team plays a highly important role in your trading journey. Whenever you have a technical error or need to ask something urgently, it’s time to look to the broker’s specialists.
NSBroker has a dedicated and professional customer support team that is available from 08:00 to 20:00 (GMT+3) on 5 business days a week. Representatives speak English, Russian, German, Arabic, French, Spanish, and Italian.
You can contact the broker’s specialists via telephone, Live Chat, and email. According to our tests, the response time of NSBroker support team is very fast so you can rest assured when trading here.
Below are the contact details:
+44 (208) 089-08-14 – London
+43 (720) 02-25-09 – Austria
+356 (27) 78-09-42 – Malta
Live Chat: on https://nsbroker.com/
Accepted and forbidden countries:
NSBroker accepts clients from most countries, except the US, Canada, and Japan.
Is there a bonus for traders?
Under MFSA regulations, NSBroker is unable to offer bonuses to clients. It can only provide trading assistance such as market analysis, educational courses, webinars, personal account management or 24/7 support (for VIP clients only).