|GBP/USD Spread||From 0.3 Pips|
|EUR/GBP Spread||From 0.3 Pips|
|EUR/USD Spread||From 0.3 Pips|
You can trade CFDs on a wide range of different cryptocurrencies 24/7 with up to 1:2 leverage.
|BTH/USD Spread||Variable (0.05% commission)|
|ETH/USD Spread||Variable (0.05% commission)|
NSBroker is a Malta broker well known for providing premium Forex and Contracts for Difference (CFDs) on various markets. This broker is owned by NSFX Ltd and its contract trading is regulated by prestigious financial authorities such as Malta Financial Services Authority, Financial Conduct Authority, French Prudential Supervisory Authority and many more. The company has its office at 168 St Christopher Street, Valletta VLT 1467, Malta.
NSBroker’s vision is to create an outstanding trading world, which is based on 3 pillars: Innovative Trading Platforms, Innovative Trading Tools, and Excellent Trading Conditions. In line with this objective, since its founding in 2011, NSBroker has constantly improved to bring you best trading conditions, helpful support and a wide range of financial markets. Thanks to that, NSBroker now has more than 33,000 loyal clients who live in Europe, Arab and many other regions. Looking at the progression of NSBroker, we can see this broker has a clear development strategy in specific aspects:
- Maintaining a strong bond with old clients and acquiring new ones by introducing competitive trading features.
- Diversify the markets and bring different trading experiences
- Focus on heavily traded assets of each category
- Optimising the operation to improve the performance of the whole broker’s system
- Introducing new services including intensive education courses
This NSBroker review shows 5 financial instruments that NSBroker supports including forex, precious metals, indices, energy carriers and cryptocurrencies which are the newest instruments that NSBroker offers. The absence of the shares market may be the most regrettable thing about the product system of this broker.
In compliance with regulations and also to guarantee the monetary safety, funds of NSBroker’s clients are isolated in segregated accounts in reputable banks. The cyber system is also secured with the Secure Sockets Layer (SSL) as you can notice the lock icon on HTTP when visiting its website. NSBroker uses MetaTrader 5 as its only trading platform and you can get it on all types of devices. A free demo account comes with a virtual fund is also available. Support service works 24/5 on various channels.
For trading conditions, NSBroker provides an extremely competitive set of offers including super tight spread, low commission fees, precise order execution and leverage of up to 1:100.
- 1 Account Opening
- 2 Commissions and Fees
- 3 Deposit and Withdrawal
- 4 Regulation and Reputation
- 5 Trading Platforms
- 6 Mobile Trading
- 7 Markets and Investment Products
- 8 Customer Support
- 9 Education
- 10 Pros and Cons
- 11 The Bottom Line
- 12 User Reviews
Clients need no more than 5 minutes to complete the application form of the broker. The following verification time can take up to 1 day. NSBroker offers both real and demo accounts. Several pros of opening a real account at NSBroker are free of deposit and withdrawal fee along with fast payment processing time. Nonetheless, at the moment, NSBroker introduces only one real account type.
NSBroker accepts clients from most jurisdictions of the world. The broker states that its focus is Europe and Arabic market but you can easily register an account and enjoy full benefits if you are living in Asia. The only restriction goes for clients from the United States.
After finishing the simple application form and reading the Term & Conditions, traders are asked for personal information relating to their identity and residency. This step can easily be done by uploading and submitting your copy of ID (passport/national ID/driver license) and copy of your address documents (bank statement/credit statement/utility bills). Besides, if you intend to make your payment via credit and debit cards, their copies are also required. On each step, NSBroker will send an email to confirm so have no worry and just simply follow its instructions. The required time for verification is up to 1 day but normally, it just lasts for one or two hours.
NSBroker also lets you, like any other broker, create a practice account (demo account) to test the features or for training purposes. To open this account, you just need to complete the application form without providing your documents. The demo account simulates the real market with no monetary risk so we highly recommend you to try it and get familiar with your broker’s features before depositing and taking the real risk.
Commissions and Fees
When it comes to broker’s services, there are always fees involved which can be categorised into trading fees and non-trading fees. While the former refers to the money you have to pay to perform your trades like spreads or commissions, the latter is often for auxiliary services like maintenance or inactivity fees. In this aspect, you can be happy that NSBroker does not charge any non-trading fees. It means except trading, all other services are free to use.
In terms of trading, the spread is the fee charged by all brokers (other brokers: Libertex, AVATrade, …) . It is the difference between Bid and Ask price that you have to pay to trade an asset pair. The broker is an intermediary between you and the market, therefore you have to pay them a higher price than the market price and sell them a lower price than the market price. Your broker earns money from those differences. For that reason, traders always look for brokers that offer as tight spreads as possible and NSBroker is among them.
All trades at NSBroker are processed through the electronic communication network (ECN) which means the broker only plays the middle-man role who passes your order instead of intervening them and making the price. This results in much lower spreads than brokers who play as market makers. To be specific, the spreads for currency pairs start from only 0.3 pips.
|Commission fee||$8/lot for forex, precious metals, energy carriers 0.05% for indices and cryptocurrencies|
You should also note that spread is not a fixed number and it can float due to the liquidity of the market. In volatile times such as after the release of economic statements or important news like the US election, spreads can widen and slippage is likely to occur. However, NSBroker is now partnering with major banks and financial institutions like Barclay, Citi, Dukascopy, UBS and many more to maintain the deep liquidity. Therefore, the spread is usually stable and you rarely encounter conditions that are too hard to trade.
In return to very low spreads, NSBroker charges commission fees per trade. This fee is based on your trading volume or position size. To be specific, you have to pay $8 for trading a lot of forex, precious metals and energy carriers while the fee for trading indices and cryptocurrencies are 0.05% of the total order value.
Another fee you have to know is rollover or swap fee or overnight fee. This fee comes from the difference between the interest rate of currencies in the pair. Therefore, the swap fee can be either positive or negative. The swap fees change constantly so you can’t find the fixed rate on the website, instead of that, you should look for the specific rate of each pair in the trading platform. This fee is a significant factor for mid and long-termed traders who usually keep positions days after days.
Deposit and Withdrawal
Traders have to deposit at least $500 before making any trades. In comparison with other brokers who allow retail investors to start trading from $50 or $100, the minimum deposit of NSBroker is quite considerable. Yet, it also indicates that this broker wants its clients to approach the trading industry seriously. You can try the demo account with a virtual fund as long as you want, but when it comes to real trades, you need a certain amount to make proportional profits and afford the potential losses.
NSBroker has re-added Skrill and Neteller to payment methods list recently, besides two basic ways which are credit/debit cards and bank transfer. As has been mentioned, NSBroker charges no non-trading fees including payment activities so you can deposit and withdraw money with ease. If any fees are arising, they can come from your payment service providers. There are 3 base currencies at NSBroker which are EUR, USD and GBP.
To withdraw money, you need to use the same way you put it in. Furthermore, NSBroker does not allow any payments form a third party so you also have to make sure your account name is the same as the name you register at the broker.
Transactions at NSBroker are very fast. You can deposit instantly via credit card while bank transfers may take up to 3 days. For withdrawal, the processing time is around 1-2 business days.
If you have more than one account, you can transfer money between them immediately without paying any fee.
|Deposit & Withdrawal Methods||Available|
|VISA / Mastercard|
Regulation and Reputation
As an international trading service provider, NSBroker is regulated by various authorities in different countries. Its main regulator is Malta Financial Services Authority (MFSA) which authorises NSBroker under License Number IS/56519. Other European regulators that NSBroker registers and get licenses are:
- UK Financial Conduct Authority (FCA)
- German Federal Financial Supervisory Authority (BaFin)
- French Prudential Supervisory Authority (ACP)
- Spanish National Securities Market Commission (CNMV)
- Danish FINANSTILSYNET
- Italian Companies and Exchange Commission (Consob)
These regulators supervise and ensure NSBroker’s activities are transparent and in compliance with the laws. Furthermore, a multi-regulated broker like NSBroker has 3 advantages relating to your money safety:
- Segregation of Funds: This policy prevents NSBroker from using the money for other purposes since your money is kept in a different account. Besides, if NSBroker has problems induce it not to allocate its fund, your money is intact.
- Negative Balance Protection: This mechanism is applied automatically to stop you from trading beyond your balance. When your money drops to zero, all trades are cancelled so you won’t get into debt.
- Compensation Scheme: Under the regulations of MFSA, NSBroker has to join a compensation fund which acts as insurance. If NSBroker is insolvent or cannot perform its obligations, clients can claim for a compensation amount of up to 20,000 Euro.
To bring the best online trading experience, NSBroker uses MetaTrader 5 (MT5) for all of its trading versions which are desktop, Webtrader and mobile platform. Both demo and real accounts can be logged in and traded on these platforms. NSBroker does not offer several services such as copy trading or robot trading. In return, you still have trading signals.
The strength of MT5 comes from its innovative technologies which promoting MT5 to providing many amazing features:
- More markets: MT5 can provide more markets rather than just Forex. You can trade CFDs on indices, crude oils and even cryptocurrencies, all in just one trading platform.
- More time-frames: MT5 breaks the charts into 21 time-frames so you can watch the market from more angles.
- More analytic tools: 38 indicators and 44 graphic objects to help traders understand and predict the movements
- Order execution types: There are 4 types to process the trades which are instant, market, request and exchange execution.
- 6 pending orders: MT5 adds 2 stop-limit pending orders besides 4 basic stops and limit in MT4
- Depth of the market: Display specific prices with the corresponding volume.
- Multi-threaded Strategy tester: This feature enhance the power of expert advisors as it allows you to test and optimise your strategy with market data.
Note: The MT5 server hour of NSBroker is GMT+3.
Web Trading Platform
Webtrader is no different than the Desktop version since you also need to use your PC. However, with Webtrader, you don’t need to download anything but can use the same interface with Desktop software.
To access webtrader, you need to visit the NSBroker website and log into your account before choosing MT5 webtrader in the Trading Platforms section.
MT5 trading platform is advanced but still has an intuitive design. Even a newbie can find his way through the platform within a couple of minutes.
Desktop Trading Platform
The desktop PC platform is the basic trading terminal that every trader should have. You can download it directly from NSBroker website. The software is already integrated with NSBroker server including trading conditions and fees so you just need to log into your account to be able to trade. The desktop platform is compatible with all operating systems which are Windows, macOS and Linux.
The mobile platform is the trading terminal made for modern traders who want to trade any time at any place. You can get an MT5 application from both the App Store for iOS and Google Play for Android devices. However, to access your account, you need to find the NSFX server first.
The MT5 mobile version is much simpler than the desktop or PC version. However, you still have full charts, symbols and other supporting features. Placing orders on mobile is also easy and takes a few taps. Besides, since everything is synchronised, you can manage all of your trades even if they were made from your PC or any other devices.
Markets and Investment Products
NSBroker CFD features a wide range of 5 markets. In the opposite direction, this broker limits the total financial products of 60+ which are the most heavily traded ones. Many brokers take the number of tradable assets as an example for their success but the truth is a trader just normally focus on a small set of products instead of taking the risk with too many assets that he cannot understand all of their properties.
Forex currency pairs:
- Major pairs: Currency pairs comprise USD and a currency of a big economy. EUR/USD, GBP/USD, USD/CHF, USD/JPY, CAD/CHF, CAD/JPY, USD/CAD, CHF/JPY, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, GBP/CAD, GBP/CAD, GBP/CHF, GBP/JPY
- Minor (Cross) pairs: Comprising currencies of big economies without USD in formation. AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD
- Exotic pairs: These pairs comprise a currency of a big economy and a currency of an emerging or a developed but smaller-in-scale economy. EUR/NOK, EUR/PLN, EUR/SEK, EUR/TRY, USD/DKK, USD/HUF, USD/NOK, USD/PLN, USD/SEK, USD/SGD, USD/TRY, USD/ZAR
- Major indices: AUS200, FRA40, JPN225, UK100.
- Minor indices: GER30, USA500, WS30, US100
Precious metals: 2 most common and conventional metals. Silver, Gold.
Energies: Brent oil, WTI oil.
Cryptocurrencies: All popular digital coins. Bitcoin, Bitcoin Cash, Ripple, Ethereum, Litecoin.
The most important thing about trading CFD is that you don’t need to physically own the underlying assets but to trade the difference in the value of them. This characteristic leads to another advantage which is you can use leverage to magnify your buying power. In other words, to open a position, you just need to deposit a partial amount and borrow the rest amount from your broker.
At NSBroker, you can have the leverage of up to 1:100. This ratio is quite modest since there are 1:500 or even 1:1000 ratios available. Yet, this number is a good threshold since it limits the risk of losing the amounts beyond your endurance.
The leverage for trading Forex is always higher while the ratio for trading crypto is only 1:2. Similarly, spreads for trading common assets are also lower.
NSBroker is always open to every trader regardless of its clients or not. Everyone can send their messages via live chat or leave their contact. NSBroker has a multi-language supporting team around the world so don’t worry that they can’t speak your mother tongue.
The client team works 24/5 with technical support hours are 08:00 – 20:00 (GMT+3). You can also contact them directly via their email email@example.com or 3 hotlines:
- London: +44 (208) 089-08-14
- Austria: +43 (720) 02-25-09
- Malta: +356 (27) 78-15-65
The education resources at NSBroker are provided under diversified forms.
- Glossary: Terms and their definition
- Ebooks: A collection of ebooks introducing financial markets from A to Z
- Video lessons: Short video guides with narrative and visual examples
- Webinars: Online workshops hosted regularly by experts to share trading experience and opportunities
- Trading tools, investment strategies
- Analytic articles: technical analyses, financial news
- Economic calendars to look for profit opportunities
Pros and Cons
- Traders have access to over 60+ trading assets from 5 financial markets
- Simple but advanced trading platform for all versions
- Multiple regulations from reputable agencies like MFSA, FCA, ACP and more
- Tight spreads and low commission fees
- No non-trading fees
- ECN trading environment
- Free demo account
- Quick-response multilingual client service support
- Rich education resources
- Only one real account type
- Medium leverage
- No copy trading
The Bottom Line
For 9 years since its first introduction, NSBroker has successfully developed an efficient environment of trading Forex & CFD for clients all around the world. Traders coming to NSBroker always find what they need. While newbies can have proper trading education, experts can get the best trading conditions of the industry.
The success of NSBroker is also built on trust and solid regulation as this broker is registered and regulated by top-tier financial authorities in Europe like MFSA, FCA, ACP, BaFin, etc. Under the supervision of these regulators, NSBroker commits to protect the safety and security of its client’s money and credentials.
When it comes to trading, NSBroker also performs perfectly by providing the best spreads, low commission fees and no additional fees for any services. The use of MetaTrader 5 helps NSBroker serve its clients with a seamless trading experience in all types of devices. MT5 also provides everything they need with powerful functions on an intuitive interface.
And last but not least, the most important thing making NSBroker stand out in this market is its dedicated client team who works 24/5 and available on all channels to support traders to get successful trades.
Frankly speaking im an amator in trading.
I use ns broker for fun but i receive a double satisfaction
of being there cause im in plus so far.
So many fraud now…
I ve been waiting for normal trading platform for ages. Hope managed to find one at last.
At least so far i didnt notice any suspicious things on NS Broker.
So far, so good. I trade on several different sites including NS Broker. In nearest future I am planning to delete my accounts everywhere except finmax. Cause this is the only broker you can trust now, i suppose.
In my opinion, the best broker with the best trading platform available. I used to trade on the vast majority of different brokers but noone exept NS Broker did satisfy my expectations and requirements.