Overall Rating: ★★★☆☆ (3.1/5.0)

NSFX Ltd. is a Malta-based forex and CFD broker regulated by the Malta Financial Services Authority (MFSA). Established in 2012, NSFX positions itself as a European-focused broker offering transparent, institutional-grade trading conditions. It supports both MetaTrader 4 (MT4) and JForex platforms, catering to a wide range of trading styles including algorithmic, discretionary, and scalping strategies. While it scores well on regulation and transparency, its limited asset selection, high minimum deposit, and lack of modern features place it behind more competitive brokers in 2025.

This NSFX review evaluates its regulatory framework, pricing structure, platform offerings, and whether it’s a broker worth considering today.

Key Features

NSFX provides a solid, regulation-first trading experience tailored more to professional traders and serious retail clients.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • JForex (for advanced ECN traders)
• Markets Offered:
  • Forex, indices, commodities, and a limited range of cryptos
• Account Types:
  • Fixed Spread Account (MT4)
  • ECN Account (MT4/JForex)
• Leverage:
  • Up to 1:30 for EU clients (per ESMA rules)
• Minimum Deposit:
  • $300 for Fixed
  • $3,000 for ECN
• Funding Methods:
  • Bank transfer, credit/debit cards, Skrill, Neteller

Regulation and Security

NSFX is a fully EU-regulated broker with an emphasis on transparency and client fund protection.

• MFSA-regulated – Licence IS/56519
• MiFID II-compliant
• Client funds held in segregated European bank accounts
• Investor Compensation Scheme (up to €20,000)
• Negative balance protection included

Pricing and Costs

NSFX offers fixed spread and ECN models, but its fees are not the most competitive compared to leading brokers.

• Spreads:
  • Fixed Account: From 1.8 pips on majors
  • ECN Account: From 0.3 pips
• Commission:
  • ECN: $8 per lot round-turn
• Deposit/Withdrawal Fees:
  • No internal fees, but payment processors may charge
• Inactivity Fee:
  • Not clearly disclosed

Educational Resources and Customer Support

NSFX provides a decent learning hub, especially for beginner traders in Europe.

• Education:
  • Trading basics, eBooks, platform tutorials
  • Occasional webinars and video walkthroughs
• Market Analysis:
  • Daily news updates and technical outlooks
• Customer Support:
  • Email, live chat, and phone
  • Multilingual support during market hours
  • Personal account managers available for high-tier clients

Risk Management Tools

Risk tools are standard but not advanced, in line with EU regulations.

• Stop-loss, take-profit, and trailing stop orders
• Negative balance protection
• No guaranteed stop-loss orders (GSLOs)
• Leverage capped at 1:30 (per ESMA rules)

Pros and Cons

Pros

• EU-regulated by the MFSA with investor protection
• Supports both MT4 and JForex
• Segregated client accounts with negative balance protection
• Transparency and compliance with MiFID II
• Personal account managers for high-volume traders

Cons

• High minimum deposit for ECN accounts
• Limited product range (no stocks or ETFs)
• Inactivity and withdrawal fees not clearly disclosed
• No MT5 or proprietary trading app
• Not ideal for beginners due to high deposit thresholds

Conclusion: Is NSFX the Right Choice?

NSFX is a secure and transparent broker ideal for experienced traders looking for European regulation, access to JForex, and solid account protection. However, its high entry cost, limited asset selection, and lack of modern features make it less competitive against top-tier brokers like Pepperstone, IC Markets, or XTB that offer more instruments and better pricing.