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NSFX Fees and Spreads

NSFX Fees and Spreads

 

Overall Rating

4.7/5

Rated #– of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

MFSA

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

NSFX spread and commission fees start from US Dollar 8.00. NSFX does not charge deposit fees but charges withdrawal fees depending on the payment method used.

NSFX does not document any charges on inactive fees.

Finding a reputable list about NSFX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

NSFX’s commissions start from $8 per lot round turn.

NSFX does not offer an overview of the spread list for any of the financial instruments or accounts that it offers. It merely indicates that, depending on the type of account, traders can expect either fixed or variable spreads.

This makes it difficult for traders to compare NSFX’s spreads with that of other brokers.

Commissions, however, are indicated for the MT4 ECN and JForex Accounts and will depend on the financial instrument traded. Commissions start form $8 per lot round turn.

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can often expect that overnight fees, or swap fees will be charged when positions are held for longer than a trading day.

NSFX does not offer the option of an Islamic Account to Muslim traders. This means that traders must ensure that they close their positions on time before the trading day concludes to avoid swaps being credited/charged.

NSFX does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.7/5

Rated #– of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

MFSA

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

 

NSFX does not charge deposit fees but charges withdrawal fees depending on the payment method used.

  • Skrill – 2.9%
  • Neteller – 2.9%

In addition, traders may be subjected to transaction fees waived by their payment provider. Traders must ensure to verify such fees before requesting withdrawals.

There is no mention of whether currency conversion fees are charged when traders deposit in currencies that differ from their account base currency. Traders must verify the possibility of such fees with the broker before they make deposits.

When making deposits, traders must ensure that the name on the account matches the name that they used when registering for an account. NSFX has strict AML procedures and regulations which prohibit third-party payments.

Any payments which are received from unknown sources will be sent back and traders may be liable for transaction fees.

 

Pros and Cons

✔️ PROS ❌ CONS
Commission-free account offered Withdrawal fees charged
Fixed and floating spreads offered Islamic Account option not offered to Muslim traders
Competitive trading conditions Spread list not indicated
Deposit fees not charged

 

You might also like: NSFX Minimum Deposit

You might also like: NSFX Demo Account

You might also like: NSFX Sign up Bonus

You might also like: NSFX Account types

 

FAQ’s

 

How many instruments can I trade with NSFX?

You can trade the following financial instruments:

  • Forex
  • Gold and Metals
  • CFDs on Energies
  • CFDs on Indices

 

Which platforms are supported by NSFX?

MetaTrader 4 and JForex.

 

Does NSFX offer leverage?

Yes. Traders have access to leverage up to 1:50.

 

What spreads can I expect with NSFX?

Traders can expect both variable and fixed spreads. NSFX does not indicate the typical spreads that traders can expect.

 

Does NSFX charge commission?

Yes. Depending on the trading account the trader uses, and the financial instrument traded, traders will be subjected to the following commissions:

  • MT4 ECN Account – $8 per lot round turn.
  • JForex Account – $8 per lot round turn.

 

Is NSFX regulated?

Yes. NSFX is regulated by MFSA.

 

Is NSFX a recommended forex trading broker for experts and beginners?

Yes. NSFX caters for both beginners and experts.

 

What is the overall rating out of 10 for NSFX?

6/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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