NSFX Islamic account | Swap free trading with NSFX
NSFX is a Malta regulated forex broker that has operations across Europe and is recognized by numerous European oversight agencies and regulatory entities.
Their website has received a new face in 2017 going more for the HTML 5 look, this brings me to the next point, this is a very innovating broker, they always look how to optimize their trading experience and tools they are offering.
Lot of brokers are using the term boutique broker for sales pitch in this case, though this is genuine article. This is a real boutique broker. They don’t have thousands and thousands of clients, but do they have a loyal they provide the service and technology in tools that you need in order to trade?
A large part of their market in clients. Is in the Arabic community that’s why their Islamic account Is as good as any you will find anywhere
Besides their Islamic account they also have a very good demo account.
The issue is that with the demo account, which you receive after filling in a form which is a little bit longer than most other forms
You will receive the entry to their or your dashboard. You are you able to choose the platform. You want to receive the demo account for. Since you since they have 2 main platforms.
There is the Metatrader 4, which does not really require any introduction. Most brokers have these platforms in. It’s pretty much the standard of the market for and has been for the last 10 years.
And they have another trading platform called JForex.
JForex. itself is less known doesn’t make it less powerful or less good than the MT4 If you want to see the JForex in action, then if you look at it to tutorials in which they offer training education.
You will see that this is done on the JForex Trading Platform. In my opinion this is a platform that has not as yet reached its full market potential. But is in fact a full blown solution for any trader of every level.
NSFX trading conditions
Leverage is up to 1:200 on MT4 and 1:100 for ECN trading
This will translate to a margin requirement of 0.5% and 1% respectively.
NSFX set its’ margin call at 100% of the used margin, which NSFX calls Warning Threshold level.
The stop out point is at 20% of the used margin.
The company states on its website that in exceptional circumstances such as fast moving market or low liquidity, trades are subject to an increase in normal spreads.
NSFX also states that trades will be automatically priced and executed by NSFX’s trading systems, however, depending on factors such as unusual market conditions or the size and nature or the clients’ order, the financial instrument may be manually priced and the trade may be manually executed, which indicates the possibility for slippage.
Finally, the website mentions that during times of high manual pricing and execution, delays in processing clients’ orders may cause the price the clients’ order is executed at to differ from to one requested in the order, which will lead to re-quotes regardless the fact that the company adopts the one click method in filling trading orders.
In spite of that, clients has reported being comfortable committing trades with the company on a retail and institutional level.
NSFX allows use of Expert Advisors ( EA’s) on the Metatrader platform.
Their Deposit options are:
this is a mature but smaller brokerage with one of the best regulation you will find.
they have been in the business for some time and pride themselves on being innovators. when it comes to trustworthy this is one of the best brokers you will find, every dollar deposited by traders is separated from the companies accounts you are in full control
NSFX is regulated by the Malta Financial Services Authority (License Number IS/56519).
RISK WARNING: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all your capital. Your capital is not guaranteed and may go down as well as up. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.
NSFX Ltd. does not provide its services to citizens of the US.
NSFX Ltd is registered in Malta, 168 St Christopher Street, Valletta VLT 1467, MALTA | Company Registration Number: C/56519 MFSA License Number: IS/56519