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NSBroker: A Comprehensive Review by Trade Forex
Introduction
NSBroker, a Forex broker founded in 2011 and headquartered in Malta, has gained prominence in the trading industry. Regulated by the Malta Financial Services Authority (MFSA), NSBroker has managed to attract a global clientele, with the notable exception of the United States and countries under OFAC sanctions. In this comprehensive review, we delve into various aspects of NSBroker’s offerings, including its regulation, trading instruments, platforms, account types, minimum deposit requirements, and more.
Regulation and Compliance
Is NSBroker a Regulated Broker?
NSBroker stands out as a reputable broker, firmly adhering to regulatory standards. It is registered and regulated in Malta, a European Union member state, and holds full licensing as a European Forex broker. Additionally, NSBroker holds licenses from other prominent European regulatory bodies, including BaFin (Germany), ACPR (France), CNMV (Spain), Finanstilsynet (Denmark), and CONSOB (Italy). This multi-faceted regulatory approach ensures that NSBroker operates within the confines of stringent financial regulations, enhancing trust among its clients.
Client Fund Security
One of the paramount concerns for any trader is the safety of their funds. NSBroker prioritizes this by offering 100% segregation of clients’ funds in first-tier international banks. This segregation ensures that clients’ assets are completely separate from the broker’s operational funds, adding an extra layer of protection.
Additionally, NSBroker provides protection against negative balance, safeguarding clients from potential losses exceeding their account balance. In case of unforeseen circumstances such as broker insolvency, clients can rely on the investor compensation scheme, offering an added level of financial security.
Trading Conditions
Maximum Leverage
NSBroker operates under the regulatory framework of the European Securities and Markets Authority (ESMA). Therefore, leverage is strictly capped at 1:30 for all trading instruments, even for highly liquid assets. It’s important to note that NSBroker does not offer bonuses or special promotions to attract traders, aligning with ESMA regulations.
Trading Instruments
For traders seeking a diversified portfolio, NSBroker offers an impressive array of trading instruments. In addition to over 40 currency pairs, this broker includes several cryptocurrencies traded against the US dollar, individual stocks listed in the US, precious metals, energy commodities, and major stock indices. This extensive range allows traders to explore various markets and diversify their trading strategies.
Trading Platforms
NSBroker exclusively utilizes the MT5 (MetaTrader 5) trading platform, providing a reliable and robust environment for traders. The MT5 platform is renowned for its advanced charting tools, technical analysis capabilities, and automated trading features. Traders can access all available instruments seamlessly through this platform.
Account Types
ECN Account
NSBroker offers a single trading account type, the ECN account. This account is characterized by low spreads and commissions on all transactions. Spreads start as low as 0.3 points for the most liquid currency pairs, with a commission of $8 per lot for currency, precious metals, and energy commodities. For individual stocks, cryptocurrencies, and indices, the commission is a fixed 0.05%. This straightforward account structure simplifies the decision-making process for traders.
Minimum Deposit
To start trading with NSBroker, traders need a minimum deposit of $500. This relatively modest requirement makes the broker accessible to both novice and experienced traders, accommodating those who may not have substantial capital to begin with.
Funding and Withdrawal
Clients have multiple options for funding their accounts, including Visa or MasterCard cards, bank transfers, Skrill, and Neteller e-wallets. NSBroker processes all funding methods free of charge. However, it’s worth noting that a 2.9% commission is applied for withdrawals via Skrill and Neteller, while withdrawals via bank transfers and payment cards are conducted without additional fees.
Conclusion
In conclusion, NSBroker emerges as a fully regulated European STP (Straight Through Processing) broker with a wide range of trading instruments, competitive spreads, and a relatively low minimum deposit requirement of $500. The single ECN account simplifies the trading experience, making it accessible to traders of varying experience levels. Before making a decision, we recommend reading additional reviews of NSBroker and consulting our comprehensive rating of Forex brokers to ensure the right fit for your trading needs.
General Information of NSBroker
- Broker Name: NSBroker
- Year of Foundation: 2011
- Headquarters: Malta
- Regulation: MFSA
- Trading Platforms: MT5 (MetaTrader 5)
- EURUSD Spread: 0.3 pips
- Demo Account: Available
- Minimum Deposit: $500
- Base Currencies: EUR, USD, GBP
- Maximum Leverage: 1:30
- Assets: Currency pairs, indices, stocks, metals, cryptocurrencies
- Deposit Replenishment: Bank Transfer, Visa/MasterCard, Skrill, Neteller
- Withdrawal Fee: Varies by method
- Payment for Inaction: Not specified
- Islamic Accounts: Not available
- Segregated Accounts: Yes
- PAMM Accounts: Not available
- Partner Account: Available
- Scalping: Allowed
- Automatic Trading: Supported
- Mobile Trading: Available
- Web Terminal: Supported
- Social Trading: Not available
- Signals: Not available
- VPS: Not available
- Deposit Bonuses: Not available
- Contests: Not available
- Support: 24/5
Please note that the information provided here is based on available data as of the knowledge cutoff date in January 2022. Traders are advised to verify the most up-to-date details on NSBroker’s official website before making any trading decisions.
