This NSFX review evaluates the Malta-based broker’s regulatory credentials, trading conditions, execution model, and suitability for retail and institutional clients. NSFX Ltd operates under EU regulatory oversight, offering forex and CFD trading via MetaTrader 4 and a proprietary trading platform with direct market access.

Regulation and Safety

NSFX Ltd is authorised and regulated by the Malta Financial Services Authority (MFSA) under License No. IS/56519. As a European broker, it complies with MiFID II regulations and is passported across the European Economic Area (EEA).

Client fund protection includes:

• Segregated accounts held in EU banks
• Negative balance protection
• Investor Compensation Scheme (up to €20,000 per client)
• Full AML and KYC compliance with annual regulatory audits

Execution Model and Trading Platforms

NSFX offers a hybrid STP/ECN execution model. Retail clients benefit from direct market access (DMA) with liquidity sourced from top-tier providers, ensuring low latency and tight spreads.

Supported platforms:

• MetaTrader 4 (MT4): Desktop, mobile, and web-based access with EA and signal support
• NSFX Pro Platform: Web-based institutional-grade platform with depth-of-market and custom order routing

VPS hosting is available for high-frequency and algorithmic traders. FIX API access is offered to institutional clients.

Markets and Instruments

NSFX provides CFD trading on a focused range of instruments:

• Forex – 40+ major, minor, and exotic currency pairs
• Commodities – Gold, silver, oil
• Indices – US, EU, and UK benchmark indices

Stock CFDs and cryptocurrencies are not offered under the MFSA-regulated entity.

Accounts, Spreads and Leverage

NSFX offers two main account types:

• Fixed Account: Spreads from 2.0 pips, no commission, suited for beginners
• ECN Account: Spreads from 0.3 pips, commission of $8 per round lot

Account features:

• Minimum deposit: $300
• Maximum leverage: 1:30 (retail), up to 1:100 for eligible professionals
• Stop-out level: 50%
• Islamic swap-free accounts available on request

Funding and Base Currencies

Deposit and withdrawal options include:

• Bank wire transfers (SEPA and international)
• Credit/debit cards (Visa, Mastercard)
• Skrill, Neteller (subject to location)

Base currencies: USD, EUR, GBP. Deposits are processed within 1 business day. Withdrawals are completed within 1–3 business days with no fees from NSFX, although intermediary banks may charge.

Client Protections and Features

NSFX applies EU-standard client safeguards:

• Investor Compensation Scheme (Malta)
• Segregated bank accounts
• 2FA and secure login environments
• MiFID II transaction transparency and best execution policy

Clients also receive economic news, trading calculators, and basic analytics tools within the platform.

Institutional and Retail Offering

NSFX caters to both groups:

• Retail – Fixed or ECN account, MT4 access, regulated protection
• Institutional – NSFX Pro, FIX API, DMA execution, custom liquidity

White-label, fund manager accounts, and B2B partnerships are available through its institutional division.

Pros

• MFSA-regulated and MiFID II compliant
• Segregated client funds with EU protections
• True ECN and fixed spread accounts available
• Access to MT4 and NSFX Pro platform
• FIX API and DMA solutions for institutions

Cons

• Limited instrument range (no shares or crypto)
• Spreads are wider on Fixed account
• No MetaTrader 5 support
• Educational resources are basic

Frequently Asked Questions

Is NSFX regulated?

Yes, NSFX Ltd is regulated by the Malta Financial Services Authority (MFSA) under License IS/56519.

Does NSFX offer ECN accounts?

Yes, ECN accounts are available with spreads from 0.3 pips and a $8 round-trip commission.

What is the minimum deposit to start trading?

The minimum deposit for NSFX accounts is $300.

What platforms can I use with NSFX?

Clients can choose between MetaTrader 4 and the web-based NSFX Pro platform.

Are institutional services available?

Yes, NSFX provides FIX API access, DMA execution, and white-label solutions for institutional clients.