Over the past few years, the interest of traders from CIS countries in Western companies providing broker services has significantly increased. Many traders consider Western brokers more reliable due to their certifications and licenses, guaranteeing compliance with the law. However, not all brokers with good reputations. One such example is NSFX company.
General information about CFD broker NSFX
NSFX positions itself as an international broker with favorable trading conditions and innovative technologies. The company was officially registered in Malta in 2012. However, the fact of registration in an offshore zone raises certain doubts, as serious companies usually do not choose such places for their operations.
NSFX is regulated by the local MFSA Financial Services Authority and holds certificates from ACP, BaFin, CONSOB (regulators of France, Germany, Italy). It is important to note that the lack of permission from the Central Bank of Russia may create uncertainty for traders from CIS countries, considering the differences in legislation.
NSFX trading conditions overview
NSFX offers CFDs on various assets, including currency pairs, precious metals, and energy sources. Trading platforms available include MetaTrader 4 and NSFX JForex, both with cross-device usability.
Trading conditions encompass various parameters such as leverage size, minimum and maximum bet sizes, and the ability to use trading advisors.
NSFX User Agreement Overview
The NSFX User Agreement is presented exclusively in English, which may pose difficulties for some clients. The document outlines conditions that may limit client rights, including the broker’s ability to intervene in trading and withhold funds in certain situations.
What do reviews say?
Opinions on NSFX among traders are divided. Some reviews are positive, while others complain about execution delays and other issues. Negative reviews point out potential risks and drawbacks in dealing with this company.
Summing up the review
Based on the analysis, it can be concluded that CFD broker NSFX raises doubts among traders due to a number of negative reviews and potential risks. It is important to carefully study the terms of cooperation and conduct analysis before deciding to work with this company.
Author: Irina Vladimirova
