- Pure ECN Broker
- Regulated and licensed by the MFSA
- MT5 trading Platform
- Low spreads from 0.3 pips
- Leverage up to 1:30 for professional traders
- Leverage up to 1:100 for professional traders
|Minimum 1st Deposit
|74% of retail CFD accounts lose money
|Up to 1:30
|Free Demo Account
|Number of Assets
|US Traders Allowed
- Pure ECN Broker
- MT5 Platform
- 500$ Minimum Deposit
- Only around 100 assets available for trading
- No CFD Stocks
Because every trader should endeavor to choose the best broker when it comes to trading; this is one of the most important decisions that could negatively or positively affect your trades.
NSBroker falls into the category of pure ECN Forex brokers that a trader should look out for.
NSBrokers is viewed as one of the best Online Forex and CFDs brokers located in Europe, The NSBroker’s offers it to traders who come from different parts of the world like Germany, Arabia, Italy, etc. Different types of financial instruments. The Forex broker was established in 2011 by NSFX limited in the Republic of Malta. Their main aim is to offer innovative trading platforms, enhanced trading equipment, and a conducive trading environment for its traders.
The first thing to consider before choosing a forex broker is if the broker is regulated. A regulated broker under a prestigious financial body ensures the safety of a trader’s fund and also makes sure the broker keeps to the rules governing it. NSBroker is regulated by many governing bodies from various parts of the world. They are:
- Federal Financial Supervisory Authority in German (BaFin), with Registration Number 131055;
- Financial Conduct Authority (FCA), with Registration Number 595195;
- Malta Financial Services Authority (MFSA) located in its host country, Malta with License Number IS/56519;
- National Securities Market Commission (CNMV) located in Spain with Registration Number 3354;
- Finanstilsynet located in Denmark with Registration Number 9221.
- French Prudential Supervisory Authority ACP located in France with Registration Number 74397;
DEPOSIT AND WITHDRAWALS
Traders can find their trading account through so many methods. Deposits can be made through Bank transfers, e-wallets such as Skrill and Neteller, Credit cards like MasterCard, Visa, Visa election cards, and Maestro. The cards payments reflect instantly, while the payments are done through e-wallets take up to 3- 5 working days to reflect.
Although NSBroker does not charge any commission for a deposit, some banks charge a conversion rate in a case whereby your bank account currency is different from what is offered by the broker.
The same methods used in depositing funds can be used in the withdrawal of funds. Once a withdrawal has been initiated, it might take up to 1 business day to reflect in the traders account for those using the credit card method. Withdrawing money through the bank wire method takes up to 2 working days. NSBroker does not charge any withdrawal fees, but your payment solution provider might charge some fees.
- Real Trading
With NSBroker being both an ECN (Electronic Communication Network) and STP (Straight through process) broker, NSBroker provides its traders with just a single trading account of ECN.
Several traders have frowned against it, stating that it limits their ability to select from different accounts. Nevertheless, this type of trading account enables actual pricing, quick execution of orders and tight spreads that precisely confirm with its clients in force markets through the electronic communication networks.
More than one individual can own the same account, this only means that when you aren’t free to execute a trade, your pat we can log in on your behalf and execute the trade. With that been said, trading with NSBroker also allows a trader to have more than one ECN account and also swap money between the two accounts.
This trading account offers leverage of 1:30 for beginners, while professional traders are offered a maximum leverage level of 1:00.
However, the minimum spreads for each product are set a 0.3, which is because of the connection the broker has with so many international liquidity providers such as Dukascopy, Currenex, and Barclays.
NSBroker charges a low commission rate; the commission for trading financial instruments is set at $8 per trade, while the commission for trading cryptocurrencies is estimated at 0.05% of the entire trading size. Unlike other brokers, the commission rate is quite low and affordable.
- Paper Trading
Just like every other Forex broker out there, NSBroker provides its clients with a Demo account. This Demo account helps traders to practice and see how the trade market works before trading with real funds. A Demo account comes with virtual funds that allow a trader to teat his trading skills and also training strategies without the risk of losing any actual funds. With NSBroker, a new trader is given access to over 60 trading instruments with five financial assets.
Trading with NSBroker Demo accounts also helps traders test the capability of the broker, and also the conditions of the broker, such as the spreads, leverage levels, Commission rates, assets, etc.
The NSBroker offers its traders numerous types of tradable assets. They offer about 60 financial assets with five classes of assets like Cryptocurrencies, indices, Firex, energy carriers, and precious metals.
Precious metals: this class of asset offers traders the opportunity to invest in Silver and spot gold that is traded against USD using a leverage level of up to 20. The spread of Gold XAU/USD is about $1.5, and the spread of Silver XAG/USD is $0.02.
Forex: this class of asset offers NSBroker investors about 40 different forex pairs that are divided into three various parts namely: the Minor pairs, the Major pairs, and the Exotic pairs. These currency pairs have a leverage ratio of 1:30 for retail trader with a commission of $8 per trade. The Major, Minor, and Exotic currency pairs have a spread of 0.3, 0.5, and 1.9 pips respectively.
Energy carries: Traders are offered two popular commodities as The Brent Oil, and WTI Oil, they are traded against the USD with a leverage rate of 1:20 and the spreads are $0.12 for Brent oils against the US dollar and $0.04 for WTI against the US dollar.
Indices: Traders are provided with major and minor indices. The spreads charged for the instrument aren’t the same; it depends on the particular financial asset being traded.
Cryptocurrencies: the broker offers traders the best cryptocurrency to trade from. Like Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
NSBroker also offers its traders the Web-based platform, Mobile trading platform, and desktop trading platform. With all these, their traders can easily access their trading platform from any part of the world irrespective of their location.
MetaTrader 5 is presently the strongest and the most advanced trading platform available in the trading world:
- MT5 has 21 timeframes charting state.
- The trading platform provides over 59 technical indicators and over 40 graphical items.
- Clients can easily personalize their charts to meet their trading demands.
- The trading platform allows traders to set up their algorithm for automatic trading.
- The platform offers traders a well-informed economic calendar, which helps traders to be fully up to date with news.
- New traders are given the ability to copy trading signals from professional traders.
- The platform also provides a way for its traders to test their strategies to see if it matches with any previously traded strategy. It helps them know if the present strategy is effective or if it will need more improvement.
- The platform provides a Depth of Market, which displays the best ask and bid price of a particular asset.
NSBrokwr provides it’s with a lot of educational materials ranging from technical analysis, forex trading for beginners, trading tools, investment strategies, does economic calendars, etc. These educational materials help traders to improve their trading skills.
From the above review, it can be seen that NSBrokers is a good and reliable broker, not only is it regulated and licensed under six different countries; it also offers the MT5 trading platform which is the best trading platform as of now. The broker also offers tight spreads and fast order execution.
However, the minimum deposit of $500 required by this broker is higher than most brokers, and it offers only one trading account, the forex broker still comes highly recommended. The broker is very transparent when dealing with its traders, their customer service is user-friendly and they’re always there to help out with any situation that arises.
Did you enjoy reading our article? Give us a Reward by Sharing Our Post