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NSBroker is a forex broker located in Malta, regulated by the Malta Financial Services Authority (MFSA).
Be aware, the company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
NSBroker accepts clients from all over the world, excluding USA and most OFAC sanctioned countries.
Forex broker offers the following underlying assets for trading.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 5 Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple. |
| 8 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 2 Energy CFDs | Based on Crude Oil (WTI, Brent). |
| 35+ Stock CFDs | Based on shares of US companies. |
Registered and regulated in the EU country of Malta, NSBroker is a fully licensed European forex broker that mainly caters to local clients based in the EU. As all forex brokers regulated by the European Securities and Markets Authority (ESMA), trading leverage is strictly limited to 1:30 for even the most liquid trading instruments, and there are no sign-up bonuses or special promotions to lure traders in.
In terms of the instruments that are available to trade on, NSBroker offers most assets that a trader would need, perhaps with the exception of government bonds. In addition to more than 40 forex pairs, the broker offers a handful of cryptocurrencies traded against the US dollar, as well as single stocks listed in the US, precious metals, energy commodities, and major stock market indices from the US, Germany, Australia, France, Japan, and the UK.
All of the instruments offered by NSBroker are tradeable on the MetaTrader 5 (MT5) platform, which is the only trading platform the broker currently supports. Worth noting, however, is that MT5 is available in versions for Windows desktop computers as well as in a web version that can be used on any type of computer. Besides these two, traders can also place orders and keep track of their trades on the go by using the mobile version of the platform for Apple, Android and Huawei devices.
An interesting thing to take note of with NSBroker is that this broker only offers a single trading account, which is an ECN-type of account with low spreads and commissions on all trades. The spreads generally start from 0.3 pips for the most liquid forex pairs, with commissions of USD 8 per lot on forex, precious metals, and energies. For single stocks, cryptocurrencies and indices, the commission is a fixed 0.05%, and with spreads varying between the different assets.
In order to fund a new trading account, clients would need to use either a Visa or MasterCard, make a bank transfer, or use the e-wallets Skrill or Neteller. All funding methods are processed free of charge, and with the exception of bank transfers, funds will be credited to a trading account instantly.
When it comes time to make a withdrawal, however, a fee of 2.9% is charged on transfers through Skrill and Neteller, while bank transfers and payment card withdrawals are handled free of charge by the broker. Withdrawals may take from 1-2 days to go through, according to the broker.
To reach NSBroker’s customer support team, a UK phone number, live chat and email are all available. Unfortunately, however, the broker does not offer 24 hour support, with technical support only available between 08:00 and 20:00 UTC+3 (05:00 to 17:00 UTC) on working days.
All in all, we are pleased with the model NSBroker has chosen for its single account type. Having one account with fair and reasonable pricing makes it easier for traders to make comparisons and choose the best broker. Moreover, having an ECN account with low spreads so easily available also makes this a potentially good choice for many new traders who often don’t have much capital to trade with. With its USD 500 minimum deposit requirement, NSBroker should be within reach for most retail traders who are serious about giving trading a shot.
