NSBroker Review

NSBroker is a forex and financial trading service provided by NSFX Ltd. which was founded by a group of expert traders in 2011.

The broker is based in Malta with the registration number IS/56519, and granted a license by the Malta Financial Services Authority (MFSA). After a decade of trading operation and execution, the broker has become one of the best trading service providers in both Malta and the world.

This NSBroker review is an insightful view of all of its features, and how you can benefit from them.

Pros

• Regulated by the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA)
• Provides negative balance protection
• Stores client funds in segregated accounts
• Free Demo Account
• Fast and easy method in opening an account
• No deposit or withdrawal fees

Cons

• Not available in the USA
• Customer support not available 24/7

Without regulation, all above features mean nothing. As aforementioned, NSBroker Ltd. is recognized as an investment service provider and trading application by MSFA. This authority is a self-governing open foundation and the sole regulator for financial administrations in Malta.

As NSBroker Ltd. aims to offer service to the international market, they also comply with the regulation of European Markets in Financial Instruments Directive (MiFID).

As such, NSBroker is legal in the European Economic Area (EEA) and you can see they are licensed in many European countries:

• France – Registration Number: 74397 The French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel – ACP)
• Germany – Registration Number: 131055 by Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin)
• United Kingdom – Registration Number: 595195 by Financial Conduct Authority (FCA)
• Spain – Registration Number: 3354 The Comisión Nacional del Mercado de Valores (CNMV)
• Denmark – Registration Number: 9221 The Danish Financial Supervisory Authority (FINANSTILSYNET)
• Italy – Registration Number: 3597  The supervisory authority for the Italian financial products market; its aims are to protect investors and the efficiency, transparency and development of the market
• Malta Financial Services Authority: The Malta Financial Services Authority MFSA is the single regulator for financial administrations in Malta. It was set up by exceptional Act of Parliament, the Malta Financial Services Authority Act, 1988 as revised in 1994 and 2002 taking over supervisory capacities recently completed by the Central Bank of Malta, the Malta Stock Exchange, and the Malta Financial Services Center. The Authority is a completely self-governing open foundation and reports to Parliament on a yearly premise.

Another thing worth considering is how the broker allocates your fund. As regulated by MFSA, the customers’ funds are segregated into an independent bank with the bank of the broker and only used for customer’s trading purposes, to avoid risk warnings.

This is also confirmed by PriceWaterhouseCoopers (PwC). NSBroker also keeps your fund away from debts by robotizing Negative Balance Protection.

Pros

• Regulated by top-tier financial regulators, including: the Financial Conduct Authority, and the French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel – ACP)
• Stores client funds in segregated accounts
• Provides negative balance protection
• Comply with the regulation of European Markets in Financial Instruments Directive (MiFID)

Cons

• High minimum deposit required
• Very limited account variations

In terms of trading fees, NSBroker has relatively low fees that are very affordable, compared to other brokers.

They start charging at 0.3 pip spread, which makes it a good choice for scalpers and for traders who are interested in short-term trades.

Most brokerage firms start spreads at 1.2 pip, which is why NSBroker is considered a hidden gem as it starts spreads at 0.3 pip.

Pros

• Low trading fees
• No deposit fees
• No withdrawal fees
• Low minimum withdrawal amount

Cons

• High minimum deposit amount

Deposit And Withdrawal Fees

With NSBroker, clients do not get charged deposit or withdrawal fees.

There are two payment methods for funding your account or withdrawing from your account: Credit and Debit Card, or by Bank Transfer. However, you will not have to worry about minimum withdrawal amounts, since the required minimum is 2USD, while the minimum deposit is 500$ and no fees.

Deposit Fees and Withdrawal Fees
NSBroker Deposit Fee	0USD
NSBroker Withdrawal Fee	0USD
Minimum Withdrawal	2USD
Minimum Deposit	500USD

 

NSB Fees vs. Competitors Fees
	NSBroker	XTB	IQ Option	XM
Account Fee	No	No	No	No
Inactivity Fee	No	No	Yes	Yes
Deposit Fee	0$	0$	0$	0$
Withdrawal Fee	0$	0$	0$	0$

One of the biggest dissadvantages, is that NSBroker offers only one type of  live trading account to its traders, the live Account.

The NSBroker live account is an ECN trading account that offers spreads starting from 0.3 pips, and most of its assets are fixed. NSBroker does not have any limitations on the number of Live Accounts, which means you can open as many Live Accounts as you want.

Pros

• Free Demo Account
• Fast and easy method in opening an account
• Fully digital
• Spreads start from 0.3 pips

Cons

• Only one live trading account available

 

How To Open An NSBroker Account

STEP ONE: Fill in your personal information, choose your base currency, and create a password

STEP ONE: Fill in your personal information, choose your base currency, and create a password

STEP TWO: Upload copy images of your documents: proof of ID (national ID, passport), proof of residence (utility bill) and of course, a scan of your credit/debit card for payment.


STEP TWO: Upload copy images of your documents: proof of ID (national ID, passport), proof of residence (utility bill) and of course, a scan of your credit/debit card for payment.

STEP TWO: Upload copy images of your documents: proof of ID (national ID, passport), proof of residence (utility bill) and of course, a scan of your credit/debit card for payment.


STEP TWO: Upload copy images of your documents: proof of ID (national ID, passport), proof of residence (utility bill) and of course, a scan of your credit/debit card for payment.

You can add more information about yourself later via the tab Personal Account on the main web. A free demo account is also provided at the same time. This one has no limit on using time so you can take advantage of it to practice your strategies every time you want. There is a note that NSBroker Ltd. does not offer its services to US citizens.

Deposits and withdrawals are an integral feature with brokers and traders. You do not have to worry about being charged a deposit or a withdrawal fee with this broker.

Deposits are processed instantly, while withdrawals may take 1-2 business days.

You can find the tab Deposit and Withdrawal in your Personal Account area. Regarding the deposit, the lowest amount for this Maltese broker is $500 They offer 2 basic payment methods: Credit cardsDebit Cards, and Bank transfers. NSBroker accepts all popular forms of creditdebit cards such as:  VISA, MasterCard, Maestro, and Visa Electron cards.

All deposits can be tracked and you can contact the Client Services Representative, in the case your money can’t make it to the account.

Pros

• No deposit fee
• Low minimum deposit amount
• Fast deposit process

Cons

• Limited deposit payment methods
• No e-wallet deposits accepted

NSBroker Deposit Methods

• Bank Transfer
• Credit\Debit Card

Withdrawal

With NSBroker, you will not have to worry about a withdrawal fee, since they do not charge a withdrawal fee. You can withdraw funds from your trading account through the same payment methods of deposits: Credit Cards or Debit Cards, or Bank Transfer. It takes withdrawals, in either method, to process in 1-2 business day, which is faster than most brokers.

Pros

• No withdrawal fee
• Low minimum withdrawal amount
• Fast Withdrawal Process

Cons

• Limited withdrawal methods
• No e-wallet withdrawals available

NSBroker Withdrawal Options

• Bank Transfer
• Credit\Debit Card

MetaTrader 5 is the default trading terminal for NSroker clients.

There will be complaints that they should use the classic MetaTrader4, but nothing can be the best forever. MT5 is built from the foundation of MT4 and it can be a bit complicated at first but over time, you will see MT5 as the most comprehensive trading platform.

Some notable features of MT5 are:

• 30+ language available
• 21 time-frames while MT4 has only 9. That means you can stay closer with every single move of the market and can see with more angles
• The number of technical indicators and analytical objects are 38 and 44, respectively
• 6 types of pending order;
• Integrated chat and financial news

All 3 MT5 versions on desktop PC, web and mobile devices are available at NSBroker.

The mobile trading platform of NSBroker is available on the two main software technologies: iOS and Android.

You will find that the mobile application of MetaTrader5 is identical to the desktop trading platform; the only difference is the mobile application is better suited for traders who are on-the-go. With the mobile application, you can also set up alerts and notifications on your trading sessions via push notifications on your mobile device.

Both the desktop trading platform and the mobile application share the same features, where you can customize the platform to your like, access real-time trading quotes, look through the economic calendar, and view your trading history.

You can also trade with multiple time frames, use different technical indicators and chart tools, and make different orders.

• Available as a desktop trading platform and mobile application
• Available for both iOS and Android
•  Available for Web trading platform
• Customisible
• User-friendly structure
• Easy access to trading performance and trading history
• Set up alerts and notifications for mobile application

With NSBroker, you will find easy access to financial markets and different trading assets. This Maltese broker offers over 70 tradable instruments covering 4 classes:

• Currency pairs (Forex): Foreign exchange is the biggest financial market with everyday exchanging volume of over $5 trillion and the must-have category for modern trading brokers. With NSBroker, you can trade plenty of Forex pairs such as EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, EUR/JPY, and other pairs.
• Commodities: NSBroker offers 2 precious metals namely gold and silver in 4 pairs: XAUEUR, XAUUSD, XAGEUR, XAGUSD
• Stock indices: NSBroker doesn’t offer trading individual stock but the indices, which are calculated based on some important stocks in the same industry or the same stock exchange. Therefore, it is more representative and requires a macro view. There are 8 indices available for you to choose from: AUS200, CAC40, DAX30, FTSE100, JPN225, USA100, USA30, USA500
• Energy carriers: Crude oil is still the fuel that runs this world and also the asset that every trader wants to exploit the fluctuation to make profits. You can invest in whether USOIL or UKOIL at this broker.
• Cryptocurrencies: CFD Trading, XBT/USD, ETH/USD...

To keep liquidity in check, NSBroker cooperates with prestigious banks like Barclays, CitiFX Pro, UBS and Deutsche Bank. The quotes are also taken directly from these institutions.
 

What NSBroker Offers
Stock Indices	Energy Carriers
Commodities	Currency Pairs

Pros

• Visual aid is available
• Reading material is available
• Interactive courses are available
• Free educational material
• All resources are created by experts

Cons

• Financial news feed not always updated

NSBroker Resources
Glossary	Video Lessons
Webinars	Calendar Webinars
E-books

NSBroker Trading Tools

With NSBroker, you will be able to use all of their trading tools while you are in a trading session; this is to ensure that you make sound and thorough trading decision while maximizing profit from your trades.

The first trading tool is the financial newsfeed, which are news articles that provide you with the most important financial news all over the world. You will also find a technical analysis and investment strategies tool. The technical analysis provides you with technical insight on the coming trading week, and it is updated on a weekly basis.

Investment strategies are short articles written a team of NSBroker experts that will give you information and know-hows about trading. These strategies are provided to help traders enhance their trading skills from the tips shared in the articles. NSBroker offers financial market reviews that will tell you all you need to know about the financial markets you are trading in, or markets you are interested in trading in. Finally, the economic calendar is a trading tool that most traders benefit from.

The economic calendar is an updated calendar with all of the most essential trading events taking place all over the world; you will be able to find out what is happening in the world of trading and when.

Trading Tools of NSBroker
Financial News	Technical Analysis
Market Reviews	Investment Strategies
Economic Calendar

Pros

• Technical analysis is accurate
• Economic calendar constantly updated
• Investment strategies are helpful for future trades

Cons

• Financial news feed  is outdated

With NSBroker, you will be able to learn so much and be an experienced trader in no time. You will be able to watch video lessons, or read e-books about trading; it all depends on your preferred learning method.

Traders also have the option of watching webinars and interact with the trading community through the webinars. The best part is that all educational resources provided by NSBroker are free; you only have to be a trader with NSBroker.

A helpful customer service maintains the love and trust of the users. NSBroker knows and focuses on this field very seriously. The customer service department can be reached via phone support, email, and live chat. Although they are not available 24/7, you will find their responses fast and relevant to what you need.

Pros

• Different ways to reach customer service
• Fast response time
• Relevant answers
• Available in several languages

Cons

• Not available 24/7

NSBroker have three main hotlines that you can reach them in Europe. Their hotlines are:

• London: +44 (208) 089-08-14
• Austria: +43 (720) 02-25-09
• Malta: +356 (27) 78-15-65

You can also commute directly via live chat on the website or email them to [email protected]. For technical support, their working hour is from 08:00 – 20:00 (GMT+3).

Despite not being available 247, many traders have found NSBroker’s customer service satisfying. The customer support service was fast and helpful throughout the process, making it an overall good trading experience.

Many traders’ reviews on NSBroker were impressed by the fast response of their customer service department and how it encouraged them to stay loyal with NSBroker.

At NSBroker, there are many educational resources, but nothing beats a Demo Account.

NSBroker Demo Account gives you a real-life simulation with 100,000USD of virtual funds to trade with, as you learn the know-hows of the platform. The NSBroker Demo Account is a simulation until you ready to open your own NSBroker Live Account.

How To Open A Demo Account

STEP ONE: Fill in your personal information, choose your base currency, and create a password

STEP ONE: Fill in your personal information, choose your base currency, and create a password

STEP TWO: Upload copy images of your documents: proof of ID (national ID, passport), proof of residence (utility bill) and of course, a scan of your credit/debit card for payment.

STEP TWO: Upload copy images of your documents: proof of ID (national ID, passport), proof of residence (utility bill) and of course, a scan of your credit/debit card for payment.





STEP TWO: Upload copy images of your documents: proof of ID (national ID, passport), proof of residence (utility bill) and of course, a scan of your credit/debit card for payment.

STEP TWO: Upload copy images of your documents: proof of ID (national ID, passport), proof of residence (utility bill) and of course, a scan of your credit/debit card for payment.

You can add more information about yourself later via the tab Personal Account on the main web. A free demo account is also provided at the same time. This one has no limit on using time so you can take advantage of it to practice your strategies every time you want. There is a note that NSBroker Ltd. does not offer its services to US citizens.


You can add more information about yourself later via the tab Personal Account on the main web.
  NSBroker was established to meet the demand of a trading brokerage for all individual traders and institutions all over the world.

NSBroker is a trading service provided by NSBroker Ltd. which was founded by a group of expert traders in 2011. The broker is based in Malta with the registration number IS/56519, granted by the Malta Financial Services Authority (MFSA). There is one account that is available: Live Account, and a Demo Account as a trading experience.

As for trading platforms, you will find MT5 available for desktop trading platform and mobile application. You will also find that they have a wide range of educational resources for visual learners, bookworms, and interactive social traders. The best part is that all of these resources are free, you only have to be a part of the NSBROKER family.

If you are looking for a broker that has:

• Various trading instruments;
• No fee payment;
• Modern trading platform;
• Firm legalisation and customer protection;
• Good customer care;

Then NSBroker should be a broker to put your trust upon.