20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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NICOFX Review 2021
Analysis of the Main Features of the Forex Broker
161
3.13/10
Overall rating
Attention!
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:
Summary of NICOFX Trading Company
NICOFX is a European online forex broker serving customers globally. NICOFX is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), license No. 226/14. The company is also registered with a UK regulatory body – the Financial Conduct Authority (FCA), reference number 672844, and the Federal Financial Supervisory Authority (BaFin, GER) with registration ID 142143. In addition, NICOFX is a member of the Investor Compensation Fund (ICF) and complies with the European Markets in Financial Instruments Directive (MiFID).
Attention!
We work exclusively with the accounts opened through Traders Union.
NICOFX Latest Comments 2021
0
3
0
Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of NICOFX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
palash99
A minimum of information, especially when it comes to trading. And the Mini account is generally under cover of secrecy. In the support, they assured me that you can open a Mini account for me, but they actively insisted on saying how much money I could invest. I interrogated them what specific amount should be on the account, well, the minimum wage or something, they did not answer. All hints that nicofx bred are there.
dimidrolas
Despite the fact that NicoFx com has a regulatory license, I do not recommend trading here. The license does not save the company from the lawlessness. They do what they want. They can widen the spreads to take out the stop, this has happened more than once. They can simply cancel transactions due to some violations. Or they can simply block the account because of their suspicion.
magarvz
I applied to NicoFx to withdraw my entire deposit. Because it is simply impossible to trade here. The application was accepted, but more than two weeks have passed, and the money has not arrived. I write to support - silence. The money was debited from the account. I don’t know what to think. Really throw?
Analysis of the Main Features of the Forex Broker
Dynamics of the Popularity of NICOFX
in 2020 among the Users of the Traders Union
Trading Conditions for NICOFX Users
| Trading platform: | MT4, Mobile Apps |
|---|---|
| Accounts: | Standard, Premium, VIP |
| Account currency: | USD, EUR |
| Replenishment / Withdrawal: | Bank Wire Transfers, UnionPay, Skrill, Debit / Credit Cards Minimal deposit - 100USD |
| Minimum deposit: | 100 USD |
| Leverage: | ESMA leverage |
| PAMM-accounts: | No |
| Min Order: | 0.01 |
| Spread: | from 0,9 p |
| Instruments: | Forex, Metals |
| Margin call/Stop Out: | 100%/50% |
| Liquidity provider: | No |
| Mobile trading: | Mobile Platforms |
| Affiliate program: | Yes |
| Orders execution: | Market Execution |
| Trading features: | No |
| Contests and bonuses: | No |
Comparison of NICOFX with other Brokers
| NICOFX | FxPro | XM Group | Admiral Markets UK | AvaTrade | FXTM | |
| Trading platform |
Mobile Apps, MT4 | MT4, MobileTrading, MT5, cTrader | MT4, MT5, MobileTrading | MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition | MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option | MT4, MT5, MobileTrading, WebTrader |
| Min deposit | $100 | $100 | $5 | $200 | $100 | $1 |
| Leverage | No |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:25 to 1:500 |
From 1:200 to 1:400 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 1 point | From 1 point | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 25% / 20% | 100% / 50% | 100% / 30% | 25% / 10% | 40% / 20% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | $30 | No | No | No |
| Cent accounts | No | No | Yes | No | Yes | Yes |
Broker comparison table of trading instruments
| NICOFX | FxPro | XM Group | Admiral Markets UK | AvaTrade | FXTM | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | No |
| Crypto | No | Yes | No | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| indexes | No | Yes | Yes | Yes | Yes | Yes |
| Stock | No | Yes | Yes | Yes | Yes | Yes |
| ETF | No | No | No | Yes | No | No |
| Options | No | No | No | No | No | No |
Contacts
| Registration address | Andrea Zappa & Makedonon 4, Honey Court V, 1st floor, Office 11A , 4040 Limassol, Cyprus. |
| Regulation |
CySEC, FCA Licence number: 226/14, 672844 |
| Contacts |
Email:
[email protected],
[email protected],
[email protected],
Phone: +357 24 020 299 |
Tags:
NICOFXThe Oldest Reviews of the NICOFX
The reviews by customers of the NICOFX indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of NICOFX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
magarvz
I applied to NicoFx to withdraw my entire deposit. Because it is simply impossible to trade here. The application was accepted, but more than two weeks have passed, and the money has not arrived. I write to support - silence. The money was debited from the account. I don’t know what to think. Really throw?
dimidrolas
Despite the fact that NicoFx com has a regulatory license, I do not recommend trading here. The license does not save the company from the lawlessness. They do what they want. They can widen the spreads to take out the stop, this has happened more than once. They can simply cancel transactions due to some violations. Or they can simply block the account because of their suspicion.
palash99
A minimum of information, especially when it comes to trading. And the Mini account is generally under cover of secrecy. In the support, they assured me that you can open a Mini account for me, but they actively insisted on saying how much money I could invest. I interrogated them what specific amount should be on the account, well, the minimum wage or something, they did not answer. All hints that nicofx bred are there.
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FAQs
Do reviews by traders influence the NICOFX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about NICOFX you need to go to the broker's profile.
How to leave a review about NICOFX on the Traders Union website?
To leave a review about NICOFX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about NICOFX on a non-Traders Union client?
Anyone can leave feedback about NICOFX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Why is it more profitable to work with NICOFX through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
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