According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $500
- MT4
- CySEC
Our Evaluation of NessFx
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
NessFx is a moderate-risk broker with the TU Overall Score of 5.6 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by NessFx clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
NessFx has been operating in the global market since 2012. Its trading conditions are competitive, and the variety of assets allows for diversified portfolios. The platform is transparent, ensuring traders are aware of their costs in advance. Trades are executed at high speeds regardless of volume. However, no educational materials are provided, and some clients are concerned about the quality of technical support. Significant regional restrictions also exist.
Brief Look at NessFx
NessFx is a brokerage company offering its clients access to trading various assets: currency pairs, stock CFDs, indices, metals, energies, commodities, and cryptocurrencies. In total, there are over 230 positions. In addition to a free demo, alongside live Micro, Premium, and Platinum accounts. The minimum deposit for these accounts is $500, $2,000, and $20,000, respectively. Trading is conducted through the MetaTrader 4 platform. The maximum leverage for retail clients is 1:30, while verified professional traders can leverage up to 1:500. Spreads are floating, starting from 2.3 pips on Micro accounts, with a minimum of 1.9 pips on Premium accounts. Platinum accounts feature spreads starting from 0 pips but with a fixed trading commission of 1.2 pips per lot. NessFx charges fees for deposits and withdrawals through most channels. There is no educational material available, and there are few analytical tools. Technical support is provided through various channels, including a call center, email, and ticketing system. Client support operates 24/5.
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- The demo account allows traders to explore the platform and experiment with trading strategies without financial risk.
- Many assets are supported by optimal leverage for high earning potential.
- Spreads are competitive, and trading commissions are lower than most competitors.
- Clients can scalp, hedgе, news tradе, and use other strategies.
- The company is regulated, ensuring the security of funds and user data.
- MT4 is a trading platform suitable for beginners and professionals, customizable with free plugins.
- All major deposit and withdrawal methods are offered, and transactions are processed promptly.
- The minimum deposit requirement for live accounts is relatively high, starting from $500, even for micro accounts.
- There are no alternative income options such as copy trading, PAMM accounts, or a partnership program.
- Trading is not possible for residents of Australia, Israel, North Korea, Belgium, and several other countries.
TU Expert Advice
Author, Financial Expert at Traders Union
NessFx provides a range of services that include trading currencies, CFDs on stock, indices, metals, energies, commodities, and cryptocurrencies, with over 230 positions available. Trades are executed on the MT4 platform, offering demo and live account types, with leverage up to 1:30 for retail clients and 1:500 for professionals. Its clients benefit from transparent pricing, fast order execution, and comprehensive regulatory oversight from CySEC.
Despite its advantages, NessFx has notable drawbacks, such as a high minimum deposit requirement and the lack of educational resources. Deposit and withdrawal fees, alongside limited analytical tools, may present challenges for traders. Moreover, the absence of copy trading or similar income opportunities may deter some users. Given these factors, NessFx may be more suitable for experienced traders comfortable with higher investment thresholds, while beginners may prefer platforms offering more educational support and lower entry costs.
NessFx Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. NessFx Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MT4 |
|---|---|
| 📊 Accounts: | Demo, Micro, Premium, Platinum |
| 💰 Account currency: | USD, EUR, GBP, PLN, CZK |
| 💵 Deposit / Withdrawal: | Bank transfers, bank cards, and online transfer systems |
| 🚀 Minimum deposit: | $500 |
| ⚖️ Leverage: | Up to 1:30, for professionals is up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,20 pips |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indices, metals, energies, commodities, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market |
| ⭐ Trading features: | There is a free demo account, three live accounts, a rather high entry threshold, many CFD assets, one trading platform, acceptable trading costs, and there are deposit and withdrawal fees. |
| 🎁 Contests and bonuses: | Yes (TU rebates) |
When a broker offers several account types, they usually set different minimum deposit requirements for each. At NessFx, Micro and Premium accounts differ in parameters, but both require a minimum deposit of $500 to start trading. However, for Platinum accounts, a minimum of $2,500 is required. More favorable spreads compensate for the increased deposit. Obviously, this account is preferable for traders with substantial capital who are focused on active trading. The account type does not affect the leverage. It depends on the asset. For example, when trading major currency pairs, the maximum leverage is 1:30; for minor pairs, it's 1:20, and for cryptocurrencies, it's as low as 1:2. You can increase leverage up to 1:500, but to do this, you need to apply for professional status, which the broker’s specialists will review. Whether their decision will be positive depends on several factors, including the evidence of experience provided. Traders can adjust leverage settings or trade without it altogether. Technical support is available via email and phone, and a ticket system is on the website. Support operates 24/5.
NessFx Key Parameters Evaluation
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Trading Account Opening
When setting the goal to start working with a broker, a trader must go through several stages, from registration and verification to opening a live account and depositing. Everything is quite standard, but still, to avoid possible questions, the TU experts have prepared a step-by-step guide. Additionally, we will familiarize you with the main options of the user account.
Go to the broker's website. In the top right corner, select the language of the interface, either English or Polish, then click on “Register”
Provide your salutation, first and last name, date of birth, and country of residence. Also, enter your email address and phone number. If you have a promo code, enter it. Confirm your agreement with the company's trading conditions. Then click on “Continue.”
Next, you need to undergo verification, you will have to confirm personal data to gain full access to the broker's services. It includes three stages. The first is identity verification, for which you must attach a photo or scan of your passport or ID document. The second is proof of address verification, for which you must provide a copy of a recent utility bill. The third stage is payment verification, which needs to be done after transferring funds. You will need to upload any document confirming the transfer or a relevant screenshot in the case of electronic wallets. An important point is that the platform may additionally request visual evidence of your trading experience and stable financial position.
Go to the "Accounts" section, open the live account type that suits you, or start with a demo available even without verification.
Go to the "Funds" section, a subsection of "Deposit Funds." Deposit an amount not less than the minimum for your account type using the method that suits you from the list.
Download the MetaTrader 4 trading platform distribution. You can do this in the user account or on the broker's website. Install the platform, enter your registration details, and start trading.
Your NessFx user account also provides access to:
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Open and close accounts, either live or demo.
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Deposit and withdraw funds, internally transfer between trader's accounts, and see transaction history.
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Download MetaTrader for PCs or mobile devices.
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A separate block has basic information about opened accounts with the option to view details.
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Voluminous block for uploading identity documents and adjusting personal information.
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The trader to review the company's documents and financial policies, enable two-factor authentication, study the economic calendar, and fill out additional questionnaires.
Regulation and safety
NessFx has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
NessFx Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
NessFx Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker NessFx have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of NessFx with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, NessFx’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
NessFx Standard spreads
| NessFx | Pepperstone | OANDA | |
| EUR/USD min, pips | 2,3 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,7 | 1,5 | 0,5 |
| GPB/USD min, pips | 2,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 3,0 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
NessFx RAW/ECN spreads
| NessFx | Pepperstone | OANDA | |
| Commission ($ per lot) | 6,0 | 3 | 3,5 |
| EUR/USD avg spread | 0,20 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,50 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with NessFx. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
NessFx Non-Trading Fees
| NessFx | Pepperstone | OANDA | |
| Deposit fee, % | 1,9-3,9 | 0 | 0 |
| Withdrawal fee, % | 1-3 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
While only a few brokers currently offer one account type, multiple options with different trading conditions are more common. In NessFx's case, these are Micro, Premium, and Platinum accounts. The difference lies in the minimum deposit, spreads, and the presence or absence of trading commissions. Other parameters are identical. Micro requires the least starting deposit, with $500 being sufficient. For Premium and Platinum, $2,000 and $20,000 respectively are needed. These are significant amounts, with Platinum naturally positioned as an account for professionals ready for large-scale trading. It offers the lowest spreads directly from liquidity providers and a reasonable trading commission of 1.2 pips per lot. Micro and Premium account holders avoid transaction fees but pay higher spreads. The broker provides only one trading platform, the MT4 one. If a trader hasn't traded through it yet, learning its capabilities and customizing it with free plugins is crucial. Then, the next step is to identify preferred assets and start trading using developed strategies.
Aсcount types:
The demo account is an excellent opportunity to test the broker-in-action experiment with new strategies without financial risks. Therefore, traders should start by opening one. Then, once satisfied that the broker's conditions fully suit them, they can take the next step. Open the most suitable type of live account based on their trading priorities and financial capabilities.
Deposit and withdrawal
NessFx received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
NessFx offers limited payment options and accessibility, which may impact its competitiveness.
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Bank wire transfers available
- Deposit fee applies
- BTC payments not accepted
What are NessFx deposit and withdrawal options?
NessFx offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, Skrill, Neteller. This limitation may restrict flexibility for users, making NessFx less competitive for those seeking diverse payment options.
NessFx Deposit and Withdrawal Methods vs Competitors
| NessFx | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are NessFx base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. NessFx supports the following base account currencies:
What are NessFx's minimum deposit and withdrawal amounts?
The minimum deposit on NessFx is $500, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact NessFx’s support team.
Markets and tradable assets
NessFx offers a limited selection of trading assets compared to the market average. The platform supports 230 assets in total, including 45 Forex pairs.
- Crypto trading
- 45 supported currency pairs
- Copy trading platform
- Futures not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by NessFx with its competitors, making it easier for you to find the perfect fit.
| NessFx | Plus500 | Pepperstone | |
| Currency pairs | 45 | 60 | 90 |
| Total tradable assets | 230 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products NessFx offers for beginner traders and investors who prefer not to engage in active trading.
| NessFx | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Is withdrawal to cards from American banks available? What is the current spread for CFDs on stocks? Why was my trade forcibly closed? Traders may have various questions. Whether it's due to their incompetence, inattentiveness when studying information on the website, or simply the absence of important details on it, essentially, it doesn't matter. The broker's client needs to get an answer here and now. Moreover, sometimes, non-trivial situations and problems arise during trading. In this case, a delayed response could lead to a loss of funds. Then, there is a high probability that the trader will become disillusioned with the platform and prefer to make deals elsewhere. Understanding this, NessFx provides support 24/5. It is available via email and phone, as well as through a ticket system.
Customer support
Advantages
- Three communication channels are available
- 24-hour operation mode
- Managers respond promptly
Disadvantages
- On weekends, clients are left alone with their problems
- The quality of technical support is not always at the proper level
The broker provides the following communication channels:
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Phone;
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Email;
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Tickets on the page.
Responses to tickets will be sent to the user's specified email. Contacting by phone is the fastest option. But it's worth noting that technical support is available only in two languages: English and Polish.
Contacts
| Registration address | 4 Theklas Lysioti St, Harmony House, Office 31, 3rd Floor, 3030 Limassol, Cyprus |
|---|---|
| Regulation | CySEC |
| Official site | https://nessfx.com/ |
| Contacts |
+357 25 108 111, +357 25 022 870
|
Education
Many traders, both beginners and experienced, seek educational resources when choosing a broker. While in-depth programs are uncommon, some offer materials to enhance your trading knowledge.NessFx only offers an FAQs section, which covers the basic aspects of working with the broker and explains the significance of some trading terms.
It is important for a trader who has never traded before to start with theoretical preparation. NessFx doesn't offer much help in this regard, so one will have to rely on external sources. Fortunately, there are many useful educational resources available online.
Comparison of NessFx with other Brokers
| NessFx | Eightcap | XM Group | RoboForex | FBS | Kama Capital | |
| Trading platform |
MT4 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MobileTrading, MT5, FBS app | MetaTrader5 |
| Min deposit | $500 | $100 | $5 | $10 | $5 | No |
| Leverage |
From 1:1 to 1:30 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 1 point | From 0 points |
| Level of margin call / stop out |
100% / 50% | 80% / 50% | 100% / 50% | 60% / 40% | 40% / 20% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
Detailed Review of NessFx
NessFx entered the market back in 2012 with professionals boasting significant experience in the financial industry at its helm. The platform actively integrates innovative technologies and modern payment solutions, thereby ensuring a comfortable and secure environment for its clients. Working with top-tier liquidity providers guarantees tight spreads and virtually no slippage. Seamless 24/5 trading, including in automated mode, becomes possible thanks to virtual dedicated servers. Comodo's Secure Sockets Layer (SSL) protocol protects all clients' financial transactions with 256-bit encryption. Traders' funds are held in segregated accounts in reputable banks within the European Union. Negative balance protection is also available. The broker is a member of the Investor Compensation Fund (ICF), meaning that traders can recover their funds even in unforeseen circumstances.
NessFx by the numbers:
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The minimum deposit is $500.
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There are 7 groups of financial instruments.
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Spreads are from 0 pips.
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Trading commission is 1.2 pips per full lot.
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Client support is available 24/5.
NessFx is a modern and comfortable CFD broker.
The company offers over 230 trading assets, including currency pairs, CFDs on stocks, indices, metals, energies, goods, and cryptocurrencies. This allows clients to tailor their preferred portfolio and execute trades using developed strategies. The broker imposes no restrictions, allowing algorithmic trading, scalping, and hedging. Also, with a proper approach, there is a prospect to create a deeply diversified portfolio and not to fear the drawdown of a particular asset. A unique option for experienced traders is the ability to increase the maximum leverage level. Starting from 1:30, it can be "boosted" up to 1:500.
NessFx’s analytical services:
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MetaTrader 4. The broker supports MT4, an intuitive and functional trading platform enabling successful trading for traders of all levels.
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Economic calendar. It presents a table with the most significant economic and political events, providing descriptions and forecasts of their impact on trading assets.
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Islamic accounts. NessFx offers swap-free Islamic accounts. You can request a Micro account with swap-free features by contacting their specialists..
Advantages:
Three account types with different parameters are available, allowing any trader to find the optimal option.
A significant variety of assets, with the broker continually offering new ones in response to client requests.
Variable leverage within an optimal range. Professional status allows a significant increase.
All popular deposit and withdrawal payment methods are available, including bank transfers, Visa and MasterCard debit cards, and online systems.
Exceptionally transparent trading conditions, with no hidden fees or undisclosed additional charges.
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