NSFX Review 2023

/ 5
NSFX is #107 in our CFD broker rankings.

NSFX delivers tight spreads across FX and CFDs on the JForex & MT4 platforms.


Demo Account

MetaTrader 4

Trade Signals
MT4, TradingCentral
Forex, CFDs, indices, commodities
Wire Transfer, Neteller, Visa, Mastercard, Skrill
and 1 more

Forex Trading

Buy and sell over 50 currencies with competitive floating spreads.

Stock Trading

NSFX faclitates trading on the largest indices from around the world, including in the US, UK, Europe and Asia.

CFD Trading

Speculate on a range of financial markets with leveraged CFDs at NSFX.

NSFX is an online trading brokerage, headquartered in Malta. Founded by a group of experts in the finance industry, their aim is to create a professional and transparent trading environment. Their ethos is built on three pillars; innovative platforms, expert tools and superior trading conditions. This review will assess the services offered by NSFX to help you decide whether to open a live account.

NSFX Headlines

Founded in 2012, NSFX Ltd. is a forex and CFD broker, regulated by the MFSA. The company operates in English, French, German, Italian, and Arabic speaking markets. The brokerage is led by John Cassar Torregiani who has had a reputable career in international banking and EU policy-making. David E. Gristci TEP, a prominent financial services lawyer in Malta, is also a director at NSFX.

The company’s board of directors, regulation and client fund protection all indicate the broker is trustworthy.

Trading Platforms

NSFX offers the JForex terminal and the well-known MT4 platform. Both can be downloaded to desktop and mobile devices or accessed via webtrader solutions.


MT4 is widely regarded as the leading retail trading platform, with millions of users worldwide. With a range of customisable analytical functions, it suits beginners up to experts. The desktop option offers the most functionality, delivering an array of additional charting tools, strategies, indicators and expert advisors.

Key features include:

NSFX trading platform
NSFX MetaTrader 4


JForex is also suitable for traders of all skill levels. ECN and STP technology connect traders directly to the markets. The platform offers top-tier liquidity and execution, resulting in tighter spreads. The built-in API allows for custom strategies and programming.

Prominent features include:

NSFX JForex platform


There are over 140 products to trade with:

Whilst a fair selection, our review would have liked to see cryptocurrencies such as Bitcoin.

Trading Fees

Spreads at NSFX are fairly competitive. Both fixed and variable spreads are available depending on the account type. Note variable spreads can widen significantly during periods of low liquidity and high volatility.

Spreads on forex major pairs:

Spreads on major indices:

NSFX Leverage

As an EU-regulated broker, leverage is capped at 1:30. This translates into a 3.33% margin requirement. This is in line with most reputable online brokers. Always approach leveraged trading with caution as it can amplify both profits and losses.

Mobile Apps

Designed for traders on the move, the MT4 app offers full access to investment portfolios and settings. Instant and pending orders are available along with floating spreads and dozens of technical indicators. A user-friendly and secure mobile application, the MT4 app is an excellent mobile forex trading solution.

NSFX MetaTrader 4 mobile
MetaTrader 4 app

Available on Apple and Android, the JForex app has a slick interface while boasting a host of charting and analytical tools. The only major drawback is that expert advisors, custom strategies and DOM data are limited on the mobile application. For full trading functionality, we’d recommend sticking with the desktop JForex platform.

NSFX mobile trading
JForex app


A range of deposit and withdrawal methods are offered by NSFX. All deposits are secure, recorded and trackable. There are no deposit fees with any of the payment solutions:


Withdrawals can be made via the MyNSFX dashboard. Fees and processing times are as follows:

Demo Account

NSFX offers a free demo account for an opportunity to practice trading in simulated market conditions. The account comes with an opening virtual balance of $100,000 and can be used on the MT4 and JForex platforms. This is a great option for new traders or established investors looking to test the broker’s tools and strategies without risking capital.

NSFX Bonuses

There were no deals or promotions at the time of writing; however, NSFX has been known to run deposit bonus schemes. Refer to the broker’s website for the latest promotions.

Regulation Review

NSFX Limited is regulated by the Malta Financial Services Authority (MFSA). The broker is also subject to oversight from other bodies across Europe, including the BaFin, ACP, Consob, CNMV, Finanstilsyne. Additionally, NSFX is MiFID compliant. Regulatory oversight from the financial bodies listed above provides a high level of transparency and trust.

NSFX Ltd. also pays into a compensation scheme. This protects 90% of investor funds, up to €20,000, against insolvency. Negative balance protection and client fund segregation with reputable partner banks such as Barclays also adds to the broker’s trust rating. Overall, we are comfortable NSFX Ltd. is not a scam.

Additional Features

NSFX offers a host of educational resources. The academy area of the website is home to webinars, videos and eBooks on a plethora of topics. The educational content is well designed, illustrated and curated to teach everything from beginner courses up to advanced strategy lessons.

The broker has also partnered with Trading Central – an innovative analytics service. They offer daily newsletters, a web portal and a plug-in that can be used on your MT4 account.

NSFX tools
Trading Central

You can also use the Guardian Angel MT4 plug-in with NSFX. Guardian Angel offers real-time risk guidance and market feedback to capitalise on live trading conditions. Additional tools include an economic calendar, financial news and fundamental analysis from the broker’s analysts.

NSFX Accounts

There are three account types to choose from, each tailored to suit traders with different needs and skillsets. The minimum trade size on all accounts is 0.01 lots.

MT4 Fixed

This account is designed for trading major forex pairs with fixed spreads. The minimum deposit is $300. Execution is instant and there is no commission. Scalping and expert advisors are not allowed.


This account offers forex, indices and commodities at variable spread rates. The minimum deposit is $3,000. Commission is $8 per lot. Market execution is offered, scalping is allowed and expert advisors are enabled.


This account offers forex, indices and commodities with variable spreads and DOM data. The minimum deposit is $5,000 and the commission is again $8 per lot. Scalping is allowed and expert advisors are available. A personal account manager is also assigned to the JForex account.



Trading Hours

NFSX is open for trading during standard market opening times. See the broker’s website for a breakdown by instrument. Note trading during periods of low liquidity typically results in wider spreads.

Customer Support

There are a variety of ways to contact NSFX. International contact numbers and email addresses are accessible via the ‘Contact Us’ section on the website.

Unfortunately, we experienced very slow replies on the live chat and email which may deter some traders.

Note, the company’s office addresses are listed on the broker’s website.


SSL software and firewalls are in place on the NSFX website and platforms to protect personal information. Data isn’t shared or published unless the broker is legally required to do so. Privacy policy and terms and conditions are available on the company website.

NSFX Verdict

NSFX is a transparent broker. The website and platforms are easy to navigate and there is a wealth of educational tools. Whilst the brokerage doesn’t offer the most extensive range of financial instruments, spreads are reasonable and there is a choice of live accounts. The strong regulatory oversight is also a good sign NSFX is a legitimate company that can be trusted.

Accepted Countries

NSFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use NSFX from United States.

Payment Methods

NSFX Details

Minimum Trade 0.01 Lots
Regulated By MFSA
Account Types
  • ECN
Islamic Account Yes
Mobile Apps MT4 & JForex
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading No
Trade Signals Yes
Guaranteed Stop Loss No
  • Gold
  • Silver

CFD Trading Details

FTSE Spread 1.3
GBPUSD Spread 1.2
Oil Spread 3.0
Stocks Spread Variable
Leverage 1:30

Forex Trading Details

GBPUSD Spread 1.2
EURUSD Spread 0.5
EURGBP Spread 1.1
Assets 50+

Compare NSFX

Compare NSFX with similar brokers that accept traders from your location. Among available brokers these are the most similar to NSFX:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

NSFX Comparison Table

Compare NSFX With Similar Brokers
NSFX IG Group Just2Trade World Forex
Rating 2.5 4.4 3.5 4
Markets Forex, CFDs, indices, commodities CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $300 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to $2,000 for professional accounts 100% Deposit Bonus
Education No Yes No No
Platforms MT4, TradingCentral MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 6 6 20 10
Visit Visit Visit Visit
Review NSFX
IG Group
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by NSFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare NSFX Trading Instruments
NSFX IG Group Just2Trade World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

NSFX vs Other Brokers

Compare NSFX with any other broker by selecting the other broker below.



Is NSFX a regulated broker?

NSFX Ltd. is regulated by the MFSA and operates under MiFID, BaFin, ACP, Consob, CNMV, and Finanstilsyne. This means the broker complies with a range of policies that protect clients from illegal and unethical conduct on the part of NSFX.

Which trading platforms does NSFX offer?

NSFX offers the renowned MetaTrader 4 platform and its JForex terminal. Both of these are available on mobile, desktop and as webtrader solutions.

Does NSFX offer a demo account?

A demo account is available with NSFX and comes with $100,000 in virtual funds. This is perfect for anyone that wants to learn how to trade before investing real money.

How much capital do I need to trade with NSFX?

The minimum deposit at NSFX is $300. This will open the MT4 Fixed account, a forex trading solution offering static spreads and the MetaTrader 4 platform.

Is NSFX a good broker?

NSFX is a good and reliable broker. Strong regulation and client fund protection inspire confidence and trust. The educational resources available are also a positive asset, creating a strong community of traders.

NSFX delivers tight spreads across FX and CFDs on the JForex & MT4 platforms.