NSFX Review
🛡️ Malta MFSA Regulated
💵 Spreads from 0.6
🏛️ Established Since 2010
⚡ Market Execution
NSFX at a Glance — Brand Profile & Stats
NSFX Ltd is a Malta-based forex & CFD broker established in 2010, authorised by the Malta Financial Services Authority (MFSA) under Category 3 Investment Services Licence IS/56519 (MiFID). It runs on MetaTrader 4 and the proprietary JForex platform, with fixed-spread and ECN account options.
Why it matters: One of the longer-running MiFID-regulated brokers in the market. Segregation of client money, negative-balance protection and banking arrangements should be confirmed in the broker's current client agreement rather than taken from a review.
⭐ What Traders Say on Trustpilot
- Check Trustpilot directly for the current rating and review count
- Sentiment in the reviews that exist is mixed, including on withdrawals
🛡️ Regulation & Safety
NSFX is authorised and regulated by the Malta Financial Services Authority (MFSA) as a MiFID investment firm — Category 3 Investment Services Licence IS/56519. Client money is held in segregated accounts at Tier-1 banks.
💵 Trading Conditions
- Spreads from 0.6 pips (raw account)
- Leverage up to 1:100
- Stop-out level: 20%
- Floating and fixed-spread accounts
📈 Markets
🎓 Education
⚔️ Top NSFX Alternatives
Read our full Pepperstone review →
🔵 IC Markets
Read our full IC Markets review →
🟢 XM
Read our full XM review →
🟣 Exness
Read our full Exness review →
💵 Account Types & Spreads
Floating or fixed spreads · no commission
Best for beginners who want predictable costs.
⚡ Raw / Ultra-Low
Spreads from 0.6 pips + commission
Best for active traders and scalpers.
🎯 Trading Limits
Trade FX, metals, energies and indices
Demo accounts available to test conditions.
💻 Platform & Trading Conditions
EAs, charting and mobile apps
Best for traders who want standard MT tools.
⚖️ Leverage
EU/MiFID retail caps are 1:30 on major pairs — what you get depends on the entity
📉 Execution
💱 Markets
💵 Commissions & Trading Costs
Standard: spread-only
Raw: from 0.6 pips + commission
💵 Other Fees
Swap/overnight financing on held positions
Possible deposit/withdrawal charges by method
Check the live schedule before funding.
🧾 What to Budget
Commission on raw accounts
Swaps for multi-day trades
Confirm current costs on the NSFX site.
🚫 Restricted Countries
🎥 Video Guides & Reviews
⚖️ Pros and Cons of NSFX
✓ Pros
- Established Since 2010
- Spreads from 0.6 pips (raw)
- MT4 & JForex supported
- Strong education and research
- Leverage up to 1:100
- Floating and fixed-spread options
✗ Cons
- No MT5 — only MT4 & JForex platforms
- Limited public Trustpilot presence
- Not FCA/ASIC regulated (Malta MFSA only)
- Leverage capped at 1:100
- High ECN/JForex minimums ($3,000–$5,000)
- $8 per-lot commission on ECN & JForex
💵 NSFX Fees & Pricing
NSFX Pricing depends on the account: standard/fixed accounts are spread-only, while the raw account offers Spreads from 0.6 pips plus commission. Leverage runs up to 1:100 and ECN execution on raw accounts. Confirm current fees on the NSFX site.
| Account | Spread | Commission | Open |
|---|---|---|---|
| Standard | floating | None | Open Account |
| Fixed | fixed | None | Open Account |
| Raw | from 0.0 | Yes | Open Account |
| Demo | test | Free | Try Demo |
Before depositing real size, test a demo and a small live withdrawal, and confirm the broker's current licence status on the MFSA register.
⚔️ NSFX vs Pepperstone vs IC Markets vs XM
How does NSFX compare to better-regulated rivals?
| Metric | NSFX | Pepperstone | IC Markets | XM |
|---|---|---|---|---|
| Regulation | MFSA (Malta) | FCA/ASIC | ASIC/CySEC | ASIC/CySEC |
| Spreads | from 0.6 | from 0.0 | from 0.0 | from 0.6 |
| Max leverage | 1:100 | 1:100 | 1:100 | 1:1000 |
| Trustpilot | limited reviews | ~4.0 | ~4.6 | ~4.2 |
Verdict: NSFX has competitive spreads and a long history, but Pepperstone and IC Markets hold a wider set of tier-1 licences. If regulation is your deciding factor, check each broker's current authorisation on its regulator's register before choosing.
✅ NSFX Review 2026: Is It Worth It?
NSFX review 2026: a broker operating since 2010 with MT4/JForex, raw Spreads from 0.6 pips, 1:100 leverage and a strong education library. On trading conditions, it is competitive.
The concern: public review volume is limited and mixed, with some slippage complaints. Regulatory standing is worth checking for yourself — confirm the broker's current authorisation on the MFSA's public register before you deposit.
Best for: traders who want MT4/JForex and a strong education library, and who have confirmed the broker is currently licensed and accepts clients from their country.
Look elsewhere if: you want Tier-1 (FCA/ASIC) regulation — Pepperstone, IC Markets or XM hold a wider set of licences.
Final word: A long-running broker with decent trading conditions. Verify its current regulatory standing on the MFSA register yourself, and test execution and withdrawals before scaling up.
🤔 Why Consider NSFX — and What to Watch
Why traders consider NSFX
NSFX has operated since 2010, offering MT4 & JForex, raw Spreads from 0.6 pips, leverage up to 1:100 and a well-regarded education and research library across forex, metals, energies and indices.
- Long track record (since 2010).
- Raw spreads from 0.6 pips.
- MT4 & JForex with EAs.
- Strong education and analysis.
What to watch: public review volume is limited and mixed, with some slippage complaints. Confirm the broker's current authorisation on the MFSA's public register, and which entity your account is opened with, before depositing. Test a demo and a small withdrawal first.
❓ Frequently Asked Questions