NSFX Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of NSFX trading signals. You will learn what kinds of trading signals NSFX offers and what the conditions for using them are.
Short introduction of NSFX
NSFX (pronounced as nsfx.com) is a brokerage firm that has been operating in the markets of Europe and Asia since 2012. The broker provides access to international financial markets for traders with any level of trading experience. NSFX offers such trading assets as currency pairs, CFDs on gold and silver, energies, and indices. The company is focused primarily on traders from Europe and the CIS countries, therefore it is mainly licensed by such European regulators as MFSA IS/56519 (Malta), BaFin 131055 (Germany), ACP 53102 (France), Consob 3597 (Italy), CNMV 3354 (Spain), and FINANSTILSYNET 9221 (Denmark).
| 💰 Account currency: | USD, EUR, and GBP |
| 🚀 Minimum deposit: | $300 |
| ⚖️ Leverage: | Up to 1:50 |
| 💱 Spread: | from 0.5 pips (five-digit quotes) |
| 🔧 Instruments: | Currency pairs (more than 50), CFDs on indices (more than 7), metals (2), and energies (2) |
| 💹 Margin Call / Stop Out: | 50%/20% |
NSFX Pros and Cons
👍 Advantages of trading with NSFX:
•6 licenses from European regulators, including a license from one of the most stringent regulatory authorities, BaFin;
•Tight spread is from 0.5-0.6 pips. It is achieved through the aggregation of liquidity from the largest providers, which are international banks operating through Tier-1 operators;
•There are support instruments, such as analytics from Trading Central and the Guardian Angel application for MetaTrader 4 (MT4). It is an add-on that allows traders to control trading risks, duly track spread widening, and receive instant feedback on transactions, avoiding unnecessary market noise;
•Optimal choice of platforms. There is the familiar MT4 platform with the opportunity to add user instruments. Also, there is the professional JForex platform with Depth of Market;
•Full transparency of work. The website provides the offer and terms of cooperation in the public domain. There are neither hidden fees nor brokerage fees for withdrawing profits.
👎 Disadvantages of NSFX:
•Relatively high initial fee. It starts from $300;
•There are limitations in the use of strategies. In particular, scalping is prohibited on the MT4 Fixed account;
•Relatively small selection of assets. The number of currency pairs is just over 50, metals are only gold and silver, 8 indices, and CFDs on oil of two brands.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
NSFX Trading Signals
Analysts at Traders Union analyzed the trading conditions, the offer, and other documents regulating cooperation, which are available on the website in the public domain, for basic and additional fees. In addition to the spreads on MT4 ECN and JForex accounts, there is a fixed fee of $8 for each lot traded on the account. There are no fees for depositing funds into an account. The fee for withdrawing profits is 2.9% for the Skrill and Neteller systems, which is probably the fee of payment systems.
| Account type | Spread (minimum value) | Withdrawal commission |
| МТ4 Fixed | $5 | No |
| MT4 ECN | From $5 | No |
| JForex | From $5 | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that NSFX does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
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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.