Real NSBroker Review & Trading Tutorial

NSBroker user-ratings: $500
8.2/10
8.2 of 10 points 1 reviews
  • Asset varierity - 7.5/10
    7.5/10
  • Trading platform - 10/10
    10/10
  • Support - 8.5/10
    8.5/10
  • Fees - 7.5/10
    7.5/10
  • Deposit/Withdrawal - 7.5/10
    7.5/10

Facts about the company:

  • Type: Forex and CFD Broker
  • Regulation: MFSA (Malta)
  • Minimum deposit: $ 500
  • Demo account: Free
  • Markets: 60+ (FX, indices, energies, metals, crypto)
8.2/10
Comments Rating 8.2/10 (1 review)

Pros

  • High liquidity
  • Free payments
  • ECN accounts
  • Education for beginners
  • Multi-languages support

Cons

  • Only 60 assets

Do you want to trade with a trustworthy Forex and CFDs broker? – We are sure that all traders would say yes to that question. So for that reason, today, we are going to review one of the best Forex and CFDs brokers – NSBroker. With this article, you can get all information on NSBroker’s regulation, the number of tradable instruments, trading platforms, spreads, commissions, leverages, payment methods, and others. Let’s get it started.

NSBroker website

General Information on NSBroker 

NSBroker has been established in 2011 by NSFX, a Maltese brokerage company specialized in Forex and CFDs. This company’s head office is located at 168 St Christopher Street, Valletta VLT 1467, Malta. Trading with NSBroker, you have chances to speculate over 100 tradable assets contributed from 5 groups, namely FX currency pairs, precious metals, indices, energies, and cryptocurrencies. All of them are traded via MetaTrader 5. 

Thanks to outstanding offers, NSBroker has been developing continuously, serving over 33,000 customers from more than 150+ countries at present. This broker also records a constant number of new registration per day, making it one the fastest-growing broker in Europe and the world.

A Summary of NSBroker:

  • Founded in 2011
  • Licensed and Regulated
  • Offers Forex and CFDs trading services
  • Does not offers services to clients in the United States
  • Offers 24/7 customer support in several languages

Is NSBroker regulated? – Security for traders

Regulation is the first criteria of a reliable broker. No matter how many exciting benefits your broker offers, without a license, it still puts you at risk all the time. On the contrary, you are always guaranteed the below things when trading with regulated brokers:

  • Your fund can be compensated if the broker gets bankrupted
  • Your personal information is privacy
  • Your broker is under supervised

With the base in Malta, NSBroker is licensed by Malta Financial Services Authority (MFSA) under the registration number IS/56519. By the regulation of MFSA, NSBroker has contributed to the Investor Compensation Scheme as insurance for customers’ funds. Thanks to that, even in the worst-case like NSBroker becomes insolvent and unable to do its duties, the customers can be returned the maximum amount of € 20,000.

Moreover, NSBroker also manages to get authorized in many countries in the European Economic Community plus the UK, as this country just left the EU. Here is the information about these endorsements: 

  • FCA (UK): Registration number 595195
  • BaFin (Germany): Registration number 131055
  • ACP (France): Registration number 74397
  • CNMV (Spain): Registration number 3354
  • FINANSTILSYNET (Denmark): Registration number 9221

Being regulated by various regulators in different countries promotes NSBroker to provide its trading service legally. In return, traders can be assured that their rights are always guaranteed whenever they are.  

You can also check the registration number yourself by visiting the regulator’s website and search for the name of the broker or its registration number. Below is the original registration of NSBroker which is granted by MFSA in Malta.

For the safety of customers’ funds, the segregation policy is always imposed, according to which, the investment capitals of customers are saved in different bank accounts from that of NSBroker. All of these processes are annually audited by PWC to ensure transparency. 

And for the safety of customers’ data, NSBroker guards it with Secure Sockets Layer (SSL) protocol – one of the most popular cybersecurity protocols. This broker also maintains the privacy of its customers by not sharing any personal information unless it’s required for legal reasons. However, you should bear in mind that NSBroker may ask you to give your cookies for a better experience.

As a trustable Forex broker, NSBroker robotizes the Negative Balance Protection to stop traders when their balance drops to zero. This small tool is often neglected but without it, you can lose more than what you can afford, especially if you are a new trader.

In general, NSBroker has done very well in terms of protection. Here is a summary for this section: 

  • Regulated by many administrative bodies
  • Compensation Policy (clients are insured by up to €20,000)
  • Segregation of funds
  • Secure Sockets Layer
  • Negative Balance Protection

Trading Conditions 

After resting assured with the safety, the next thing we should discuss is the trading conditions that determine whether you can make fortunes by working with a broker. 

NSBroker provides 60+ tradable assets ranging from forex currency pairs, indices, precious metals, to energy carries and crypto. Here are some of the most commonly traded products:

Forex currency pairs:

  • Major pairs: EUR/USD, GBP/USD, USD/CHF, USD/JPY, CAD/CHF, CAD/JPY, USD/CAD, CHF/JPY, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, GBP/CAD, GBP/CAD, GBP/CHF, GBP/JPY
  • Minor pairs: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD
  • Exotic pairs: EUR/NOK, EUR/PLN, EUR/SEK, EUR/TRY, USD/DKK, USD/HUF, USD/NOK, USD/PLN, USD/SEK, USD/SGD, USD/TRY, USD/ZAR

Indices:

  • Major indices: AUS200, FRA40, JPN225, UK100.
  • Minor indices: GER30, USA500, WS30, US100

Precious metals:

Silver, Gold.

Energies:

Brent oil, WTI oil.

Cryptocurrencies:

Bitcoin, Bitcoin Cash, Ripple, Ethereum, Litecoin.

The best feature that NSBroker has must be its tight spreads, which start from just only 0.3 pips. In exchange for that, you have to pay commissions for all trades but luckily, these fees are also as low as $8 per lot or just 0.05%.

Long termed investors may don’t think much about the money charged per trade but it’s a different story for scalpers or short-termed ones who try to make money out of as many trades as they can. 

MetaTrader 5 is offered by NSBroker:

NSBroker MetaTrader 5

For the trading platform, the customer has only one choice, namely MetaTrader 5 (MT5). Besides the software exclusively built-in with the NSFX server, NSBroker also provides the mobile version (for iOS, Android) and a web trader for those who don’t want to download anything. Thanks to that, traders can trade from anywhere and control their accounts from any device.

At first glance, MT5 seems to be indifferent than its brother MT4 but in fact, the newest platform of MetaQuotes owns many more superior functions. Among them, some tools can make a significant change in the trading strategy in particular and the industry in general such as timeframes, expert advisors, depth of market or strategy tester.

NSBroker is a pure intermediary in the whole trading process. It receives pricing from reputable banks and liquidity providers such as PrimeXm, UBS, Barclay, Citi, Currenex, Dukascopy, and more. The better liquidity helps trades are executed faster since your orders are easily met by the counter ones. 

NSBroker liquidity providers

The leverage of NSBroker is up to 1:100 for professional traders, thus, you need quite considerable capital to open positions. Nonetheless, low leverage may be a business strategy of NSBroker since the higher leverage always comes with bigger potential risk. Therefore, a modest margin requirement makes sure you can survive before getting stronger and beating the market eventually. 

And if you are a new customer, don’t forget to drop by the education center where you can access training materials from the entry-level to the most advanced ones. Besides, being an NSBroker’s customer also grants you access to articles, analysis, scheduled webinars, and trading groups to follow the signals from the market experts. 

NSBroker education

Webinars are online workshops led by professional traders. The advantage of them is that you can join remotely and rewatch if you can’t attend. Furthermore, there is no better way than learning directly from the pioneers. The experts can give you many insights and instructions that help you do your market research and improve your trading decisions.

Next, you can practice what you have learned in the free demo account. This account simulates the real market and the aforementioned conditions of NSBroker without financial threat.

Facts about NSBroker’s trading conditions:

  • 60+ available assets and instruments in 5 classes 
  • Leverage up to 1:100
  • Low spreads (only from 0.3 pips)
  • Low commission ($8/lot or 0.05%)
  • MetaTrader 5 compatible with all devices and OS
  • Diverse liquidity providers
  • Ultra-fast market execution
  • 24/7 customer support
  • Extensive educational materials
  • Free demo account

NSBroker Trading Platform Review

The trading platform is the bedrock for successful trades. Why? Because it equips traders with tools to analyze and make precise decisions. MetaTrader 5 (MT5) is that kind of platform. Not only does it have a user-friendly interface but MT5 also has useful tools to support traders coming from all levels.

NSBroker MetaTrader 5 screenshot

The first improvement of MT5 is the number of timeframes. Besides 9 conventional frames from MT4, MT5 adds 12 more, which details the price movement in minutes and hours. As a result, multiple timeframes tactics can’t be any more efficient. Moreover, traders have more options to conduct analyses and trades based on their preference of time.

Another interesting update of MetaTrader 5 is the depth of the market (DOP). If you are a meticulous trader who always wants to get the best available price then DOP can help you facilitate that by displaying the bid/ask prices with the corresponding volume. 

Depth of the market

MetaTrader 5 WebTrader

Webtrader is the MT5 version for browsers. Instead of having to download and install like the desktop version, you can use it directly on browsers. This web trader provides the same tools and features as the desktop version and you can use it from any devices that have the internet. 

However, to access, you still have to log into the NSBroker website first then open the web trader; whereas, you just need one click to jump in the MT5 – NSFX desktop version. 

Advantages of NSBroker’s MetaTrader 5 platform:

  • Intuitive interface
  • Advanced features
  • Fast connection
  • Stable, no lag
  • Secure

Charting and Analysis

MetaTrader 5 maintains 3 chart types consisting of Line, Bar, and Candlestick charts, among which, the candlestick is the most commonly used because it can provide more information on the price and the corresponding volume. However, the other two chart types also have particular advantages, for example, using a line chart can help you easier to observe trends.

Yet, observing charts does not give enough information on the price action. To deal with it, trading experts have developed indicators based on algorithms. These technical tools can give visual supports besides charts, from which traders can predict the future movements of the price. In addition to the original 38 indicators of MT4, MT5 is currently providing 44. Some of the most used technical indicators are the Relative Strength Index (RSI), Average Directional Index (ADX), Moving Average Convergence Divergence (MACD). 

Mobile Trading Platform Testing 

Do you want to trade on the go? Are you tired of sitting and watching your PC all day long? Try the MT5 right now. You can download the application regardless of the OS version but still enjoy all of the tools just as the desktop or web trader version. 

Note that MT5 App is shared by many brokers so after downloading, you need to search for NSFX server to login to your account.

Despite being a European broker, NSBroker has servers located in many countries to make sure you have unlimited bandwidth. For example, if you live in Southeast Asia, you will be connected to the closest server in Hongkong. 

First time at MT5? The next section is the trading guide for NSBroker’s MetaTrader 5.

Trading Tutorial – How to trade on the MetaTrader 5:

The first step is to log in to your NSBroker’s account.

The next step is placing the order, you press F9 to open the order window where you choose:

  • Order Type (Market execution/Pending order)
  • Buy/Sell
  • Trading volume (counted by lots)
  • Stop-loss/Take profit
NSBroker MetaTrader 5 order mask

Regarding the order types, the market execution processes your order instantly. Apart from that, a pending order can only be activated if the market price meets your desired values.

MT5 has 6 types of pending orders, among which the last two are just added:

  • Buy limit
  • Sell limit
  • Buy stop
  • Sell stop
  • Buy stop limit
  • Sell stop limit

And about stop loss and take profit level, you must set up this for every trade. While the take profit seals your winning order, the stop loss is the safety net that stops you from losing all of your funds.

Open a Trading Account at NSBroker?

It only takes 4 steps to open an account:

  1. Access the NSBroker’s website at https://nsbroker.com/
  2. Click “OPEN AN ACCOUNT” button at the top right
  3. Fill in all the required information
  4. Activate your account by providing identification documents

Finishing these steps, you need to wait for one or two hours for NSBroker to validate your identity. After that, you can make your first deposit and start trading right away. 

Free Demo Account:

A demo account is an important tool, even for professional traders. Being new to NSBroker, you can make use of it to discover and get familiar with the trading conditions that the broker offers.

This account can be created for free with no risk included. If you are just learning to trade, just use it until you can make consistent profit and feel ready for the real trading.

Account Types of NSBroker:

Leaving the demo account aside, NSBroker offers only one account type. This real account belongs to the Electronic Communication Network (ECN) class. 

There is no rule for the maximum number of the real account so you can create more than one and easily transfer your fund between them.

NSBroker deposit and withdrawal review

NSBroker’s payment is fast and simple. You can do it via Bank transfer or credit/debit card. For funding, NSBroker requires a minimum amount of $500. 

NSBroker payment methods
  • Credit/debit card: Your money is credited to your trading account instantly
  • Bank transfer: It takes 1 day for the money to reach your account.

The minimum deposit at NSBroker is $500 or equivalent in GBP and EUR. If you top up with another currency, your bank may charge the conversion fee.

You can withdraw by the same method you deposit. Normally, the processing time can take 1 or 2 days. And good news! NSBroker covers fees for all transactions.

Fees and Costs at NSBroker

As has been stated, you have to pay a low spread and commission per trade. But if you leave your order open from day to day, it is charged another fee called swap. This swap varies by the trading instrument; to know the specific rate, just open MT5 and press Ctrl + U, the symbol windows will appear, here you can get all specifications of each asset.

Customer Service:

The customer support team is available 24/5 on the hotline, live chat and email. They can reach you very quickly so if you have any issues, don’t hesitate to call them immediate

Support:Live-Chat:Phone:Email:
24/5Yes+356(27)78-15-65help@nsbroker.com

Restricted Countries:

NSBroker does not provide service for US citizens.

Is There Any Bonus for Traders?

The answer is no but NSBroker already offers many benefits such as training service, trading group, and 24/5 support.

Conclusion: Is NSBroker trustworthy? – We think, yes

Totally yes. NSBroker is fully regulated and has transparent policies. It set up outstanding conditions with low trading fees, a full range of instruments, dedicated customer service, and an innovative platform. The only drawback is the limited ratio of leverage but in return, it ensures the safety of trading. For all of these reasons, we believe NSBroker is a reliable broker for all types of traders.

Advantages of NSBroker:

  • Regulated broker
  • More than 60 assets
  • Low spreads and commission fee
  • Pure ECN account
  • Free payment
  • Multi-language support
  • Education for beginners

One Response

  1. Andre Witzel November 13, 2020

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