Is NS Broker Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with NS Broker try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether NS Broker is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker NS Broker
NS Broker is an ECN broker incorporated in Malta, which has been operating under the license of MFSA IS/56519 (Malta Financial Services Authority) since 2011. The broker is a part of NSFX Ltd., an investment holding regulated by 5 European commissions. The company provides access to online trading of CFDs on currencies, stocks, indices, cryptocurrencies, energies and precious metals. NS Broker’s target audience are experienced market players and professional traders, who prefer active trading strategies.
| 💰 Account currency: | USD, EUR, GBP |
|---|---|
| 🚀 Minimum deposit: | USD 250 |
| ⚖️ Leverage: | Up to 1:30 (for retail trading), up to 1:100 (for professional traders) |
| 💱 Spread: | Floating, from 0.3 pips |
| 🔧 Instruments: | CFD on currencies, stocks, precious metals, indices, energies, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/50% |
Pros and cons of NS Broker
👍 Advantages of trading with NS Broker:
•Execution of trades through the ECN network, which ensures high liquidity, order execution at best prices and absence of non-market quotes.
•Access to trading 6 types of CFDs: currency pairs, stocks, indices, precious metals, cryptocurrencies and energies.
•Control of the company’s operation by 6 international regulators.
•A possibility for each trader to open up to 100 trading accounts in euro, US dollars and British pounds.
•Quotes from the largest institutional liquidity providers, such as Currenex, Barclays, Dukascopy Bank, UBS.
•Absence of non-trading fees for deposit and withdrawal of funds on the part of the broker.
•Tight floating spreads – from 0.3 pips for EUR/USD.
👎 Disadvantages of NS Broker:
•The broker does not provide cent and standard accounts. The traders can trade only from ECN accounts, the work with which implies that a trader has certain experience and additional fixed commissions.
•The company does not offer investment programs. The broker’s priority is to work with active traders, not passive investors.
•The clients can trade only on the MetaTrader 5 platform. MetaTrader 4 is not provided.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is NS Broker Regulated? Broker’s license
Security (Protection for Investors)
NS Broker is a Forex broker managed by NSFX Ltd., which obtained the license No. IS/56519 from the Malta Financial Services Authority (MFSA). The regulator strictly monitors the broker’s operation and demands transparency of monetary and accounting reporting.
NS Broker holds the MFSA license, and therefore it is a member of the Investor Compensation Scheme. Under its conditions, every client will be compensated for up to 90% of his/her loss (but no more than EUR 20,000) in case the broker goes bankrupt or becomes insolvent. Outside Malta, the operation of the subsidiaries of NSFX Ltd. is controlled by international supervisory authorities: BaFin (Germany), Finanstilsynet or NFSA (Norway), DFSA (Denmark), CONSOB (Italy), ACPR (France), CNMV (Spain).
👍 Advantages
- As per requirements of the regulators, all funds of the traders are isolated from the company’s equity and are kept in independent bank accounts
- Negative balance protection
- The broker complies with the Markets in Financial Instruments Directive (MiFID)
- The broker is a member of a compensation fund
👎 Disadvantages
- Limited leverage for retail and professional traders
- You cannot deposit funds without passing verification
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by NS Broker, which you can see below.
In the course of in-depth analysis of NS Broker trading conditions the experts of Traders Union discovered that the broker does not charge deposit/withdrawal fees. As a trading commission the company charges spread for all financial instruments. The value of spread is floating, depending on the asset and market situation. There are also additional trading fees. For trades involving currency pairs, metals and energies, NS Broker charges an $8 commission per lot. For trading index and stock CFDs, a trader pays 0.05% to the broker in addition to spread and cryptocurrencies – 0.5% of the trade value.
| Account type | Spread (minimum value) | Withdrawal commission |
| Real Account | From $3 | No |
Brokers that are similar to NS Broker
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of NS Broker conditions with its closest competitors.
Comparison of NS Broker with other Brokers
| NS Broker | RoboForex | Pocket Option | Exness | XM Group | Libertex | |
|---|---|---|---|---|---|---|
Trading platform |
MT5, MT5 Webtrader, MT5 IOS, MT5 Android |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5, MobileTrading, XM App |
Libertex, MT5, MT4 |
Min deposit |
$250 |
$10 |
$5 |
$10 |
$5 |
$100 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0.3 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0.6 points |
From 0.1 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
Yes |
No |
NS Broker is targeted at experienced and professional traders that prefer independent trading via ECN accounts on the MT5 platform.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
Libertex is a reputable broker. It would be worthwhile to look at the platform as a technical solution. It will appeal to those who can not imagine their life without gadgets and are eager to keep up with the time.
Conclusions
NS Broker cannot be considered absolutely reliable. The broker operates on a license of an offshore regulator. This creates certain risks regarding security of your funds. The broker has a good reputation. However, you can work with companies with an offshore regulation only at your own risk.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.