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NSBroker: Trading Platform Reviews & Opinions 2019

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Regulated by MFSA
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Accepts traders from
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4.5
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Rating: 5
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NSBroker is an MFSA-licensed Forex broker. Should you trade with NSBroker? Is this platform reliable or just a scam? Read our in-depth review below to find out.

Full review
Deposits and Withdrawals
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Review of NSBroker
Broker rating: 4.5 / 5 (1)

1. General information

NSBroker was founded in 2011 by a group of experienced traders. Thanks to its customer-centric approach, NSBroker has quickly gone through the early development stage and gained the confidence of traders around the world.

However, the Forex market is always risky; Forex traders have to face not only the risks of trading but also the risk of being scammed by a broker. Therefore, it is necessary to research a broker carefully before deciding whether you should trade with it.

In this review, we will provide all the details that we know about NSBroker. You will find out:

  • Whether NSBroker is reliable or not
  • What assets NSBroker offers
  • How to open an account with NSBroker
  • Which deposit and withdrawal methods are available at NSBroker

 

Our experts have written this review after carefully examining this broker's services (including testing trading with demo accounts and real accounts).

Let's get started.

2. Advantages and Disadvantages

A strong level of investor protection: The NSBroker brand is owned by NSFX Limited, which is regulated by many regulatory bodies around the world, including the Malta Financial Services Authority (MFSA), the Financial Conduct Authority (FCA), the Federal Financial Services Authority (BaFin), and the Autorité des Marchés Financiers (AMF). Under MFSA's Investor Compensation Scheme alone, NSBroker’s clients are protected up to €100,000 in the event that the broker becomes insolvent.

Negative balance protection: Traders at NSBroker enjoy negative balance protection which protects them from losing more than the amount they deposit to NSBroker.

Competitive spreads: The spreads at NSBroker start from 0.4 pips - a very competitive fee in the Forex industry today.

Innovative trading platform: NSBroker offers its clients MetaTrader 5 (MT5) - one of the leading trading platforms for Forex traders today. MT5 is highly user-friendly and is equipped with the most advanced market analysis tools.

Free demo account: A demo account is a highly important tool for traders; it helps them practice trading without risks. At NSBroker, you enjoy a free and unlimited demo account.

Various payment methods: One of the factors that help NSBroker globalize its services is the diversification of payment methods. NSBroker supports most of the popular payment methods today, including Credit Card, Wire Transfer, and e-wallets.

Fast and free withdrawal: Withdrawal requests at NSBroker are normally processed within 2 business days with no hidden charges.

Responsive support team: NSBroker has a professional and dedicated customer support team that works around the clock. The average response time of NSBroker Live Chat is 5.5 seconds, while that of telephone support is 17.6 seconds. Tickets are usually solved within 5 hours.

Rich educational materials: NSBroker offers a comprehensive education center that can help a beginner trader become a trading professional.

A relatively narrow range of tradable assets: At NSBroker, traders can only choose from over 100 instruments, including stocks, FX currency pairs, commodities, indices, and cryptocurrencies.

US, Japanese, and Canadian traders restricted: Traders from the US, Japan, and Canada cannot use NSBroker's services.

3. What is NSBroker?

Launched in 2011, NSBroker is known as a broker created by traders and for traders - it was founded and run by a group of experienced traders. NSBroker offers Forex and CFDs trading services based on the MetaTrader 5 platform with more than 100 tradable products.

By the end of Q3 2019, NSBroker had 32,673 active clients and about 166 new registrations every day. The monthly average number of executed trades reached nearly a million.

4. Trading Platform

NSBroker is a MetaTrader-only broker. It supports 3 versions of MetaTrader 5, including MT5 Web, MT5 Desktop and MT5 Mobile.

To start trading, you need to log in to your trading account on NSBroker MT5. For the Desktop version, after you successfully log in, the trading interface will be displayed with price charts located in the center of the screen. Chart types and several drawing tools are placed at the top of the platform, while tradable assets and technical indicators are set in the “Market Watch” and “Navigator” boxes on the left side.

Compared to the legendary trading platform MetaTrader 4, MetaTrader 5 is significantly improved. It supports 21 different time frames, 38 popular technical indicators and 6 types of pending orders. MT5 is also equipped with an economic calendar, allowing traders to track economic events more conveniently.

5. How Does Trading on NSBroker MT5 Work?

To enter an order on the NSBroker MT5 platform, you need to press the F9 button to open the Order window. Then, choose the type of order, trading volume, stop-loss, and take-profit levels.

NSBroker offers more than 100 tradable instruments covering 5 asset different classes (stocks, currency pairs, commodities, indices, and cryptocurrencies). Below are some of the most popular tradable instruments at this broker:

  • Stocks: Amazon, Apple, Facebook, eBay, Tesla, Volkswagen, Goldman Sachs...
  • Currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, EUR/JPY...
  • Cryptocurrencies: Bitcoin, Cardano, Dash, Etherium, Ripple...
  • Indices: S&P 500, DAX 30, FTSE 100, DJ 30, HANG SENG...
  • Commodities: Gold, Silver, Oil...

 

Cryptocurrency trading at NSBroker has plenty of benefits, such as:

  • You can make profits in both up and down directions
  • You are trading with a regulated broker instead of a non-regulated exchange
  • You can use leverage to magnify your profits
  • You enjoy lower trading fees compared to those of an exchange

6. Mobile Trading

As mentioned, NSBroker supports the MetaTrader 5 Mobile version which is compatible with Android and iOS devices. This version is fully integrated with the tools and functions of the computer version, enabling you to easily engage in trading on the go.

7. Account Types and Demo Trading

Currently, NSBroker only offers two types of accounts - a demo account and a real account.

The demo account at NSBroker is free and has unlimited usage time. It is a great tool for traders to practice trading.

The real account at this broker is a type of ECN account with low spreads (from 0.4 pips). Execution of requests is completed in two different ways:

  • Promptly – the exchange opens right when the financial specialist has formalized his application.
  • At the point when the correct conditions arrive – the investor indicates the conditions (for instance, achieving a cost of a specific dimension) at the beginning of which execution happens.

8. Opening an Account

To open an account at NSBroker, follow the steps below:

  • Visit the NSBroker official site
  • Click the "OPEN AN ACCOUNT" or "JOIN NOW >>" button on the homepage
  • Fill in the required information (full name, phone number, email, etc.)
  • Answer a few questions about yourself
  • Read and accept NSBroker’s terms and conditions
  • A real trading account will be created automatically. Click the “Add funds now” button to make a deposit and start trading

9. Deposits and Withdrawals

The minimum deposit at NSBroker is $250. The broker supports 7 payment methods, including Credit Card, Bank Transfer, Yandex Money, QiWi Wallet, Skrill, Neteller, and Webmoney.

NSBroker does not require a minimum withdrawal - you can make a withdrawal request even if there is only $1 in your account. Withdrawals are normally made within 2 business days via the method you used to deposit funds.

NSBroker claims that it does not charge any fee on most withdrawals, except the ones via Skrill and Neteller.

10. Education

NSBroker offers a comprehensive education center that covers the knowledge of financial investments from basic to advanced. Traders can learn to trade through videos, e-books, articles, or directly via in-depth market analysis made by NSBroker trading experts.

11. Customer Support

NSBroker's customer support team is available 12 hours on 5 business days a week (from 8:00 to 20:00 GMT+3). Supported languages include English, Russian, Arabic, German, French, Italian, and Spanish.

NSBroker has a highly professional and dedicated support team. Statistics in our 30 contact attempts show that the average response time of NSBroker Live Chat is 5.5 seconds, while that of the telephone support is 17.6 seconds. Tickets are usually solved in less than 5 hours.

12. Should you trade with NSBroker?

The answer is yes. Overall, NSBroker is a reliable broker with superior trading conditions. Its most prominent feature is the very low spread (perhaps one of the lowest spreads on the market today).

With that said, NSBroker still has some drawbacks such as only providing the MetaTrader 5 trading platform or offering a relatively narrow range of tradable instruments. Hopefully the broker will soon add more trading instruments and platforms.

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