NSBroker Review: Is It a Good Forex Broker?

Forex brokers are often criticized for their higher spreads. NSBroker gets around this by using ECN technology to cut out dealing desks and provide direct market access.

NSBroker has carved a niche for itself in the competitive forex and CFD market. It earns a TB score of 7.5 out of 10.

Summary of NSBroker

Forex brokers are often criticized for their high spreads. If that’s one of your concerns, you should definitely consider NSBroker.

Powered by ECN technology, NSBroker gives you direct market access, cutting out the dealing desks.

And that’s just the tip of the iceberg. With multilingual support, a ton of educational resources, and great features, NSBroker has been covering most bases since it was founded in 2011.

NSBroker earns a TB score of 7.5 out of 10.

Let’s take a closer look at this broker so you can decide whether it’s the right choice for you.

Pros and Cons

Evaluating High Impact Factors

Despite being an ECN broker known for its tight spreads, it only rates a 6 on Spreads and Commissions due to its per-trade commission, which can add up substantially with multiple trades.

Trade with NSBroker If:

• You wish to trade alongside global liquidity providers, leading to enhanced pricing-specific transparency
• You want to execute the quickest orders without going through an intermediary or dealing desk

Don’t Trade with NSBroker If:

• You can’t afford the $250 minimum deposit
• You’re a frequent trader who doesn’t want to pay multiple commissions for placing multiple trades

Verified Office Address

The Trading.biz team has verified that NSBroker is located at: Suite 124, Signature Portomaso, Vjal Portomaso, San Giljan, PTM01, Malta.

However, the majority of its workforce is remote.

Expert Opinion on NSBroker

Here is what Scam Detective had to say about NSBroker on YouTube:

“NSBroker claims to offer a trading platform for various financial assets. However, my first-hand encounter resulted in a loss of $250, exposing NSBroker as an unequivocal scam.

Upon registration and making the minimum deposit, my money mysteriously vanished, prompting futile attempts to seek clarification. The company evaded explanations and ultimately blocked me permanently. Sadly, my friend fell victim to the same entity, facing demands for taxes and fees when attempting to withdraw supposed profits.”

Cagrie Arase, a trader and NSBroker user, had a more positive impression:

“It was my first time with any brokerage, actually, but I am very happy that I started trading with them. They’ve provided me with one-on-one training sessions and always led me in the right direction. And as far as I know, they have very low commissions (the lowest in the industry, I suppose). Keep up the good work guys!”

Expert Review of NSBroker

After creating and using an NSBroker ECN account, here are the things that most impressed me about it.

Collection of Assets

NSBroker offers an extensive collection of tradable assets. Here are some of the forex assets, which are offered as standard spot picks:

Everything else is offered as CFDs, except some spot metals. For trading metals, here are the picks and the rates you can consider:

Then there are Index CFDs, with the following available to users:

Finally, here are some of the other assets traders can access with NSBroker:

Crypto pairs on NSBroker

Stock options on NSBroker

Energy CFDs

Commodity picks

Demo Account

If you want to learn the ropes of CFD and forex trading, NSBroker allows you to work with a demo account. This account lets you to trade 24/7 with up to $20,000 in virtual funds.

Even though it’s a demo account, there is no buy-sell price lag.

Educational Resources

NSBroker is easily one the most insight-packed forex brokers around. From financial news to technical analysis articles, crypto info, and investing strategies, there’s almost no box this broker doesn’t tick.

My only issue is the lack of a detailed video library, which would be useful for traders who prefer to learn visually.

Signing Up

The signup experience is simple and standard. Here’s what it involves

Click the “Register Now” tab on the homepage and fill in your details (name, phone number) and check the Terms and Conditions box.

When that’s done, you’ll be redirected to a more detailed “My Account” page. There, you will have to fill in several tabs to verify credentials and access the trading dashboard.

Then you can head over to your email inbox to complete the email verification process.

Each of these steps has a clear instructions, making the signup flow a breeze.

Dashboard Experience

The NSBroker dashboard is where you’ll access all the important elements of the platform, like Deposits, Withdrawals, and Account Settings. From this page, you can enter your credentials to start trading using the MetaTrader 5 (MT5) terminal.

NSBroker is one of the few forex brokers that will make ease your platform experience by asking about your risk tolerance, appetite, and purpose of investment to help you access trading instruments that best meet your needs.

Deposit and Withdrawal Methods

Once your account is verified, you can start depositing and withdrawing funds. This forex broker supports bank transfers, credit cards, and third-party wallets like Neteller and Skrill.

NSBroker offers the same set of options to withdraw your funds. However, there is a 2.9% processing fee for withdrawals done through Skrill and Neteller.

Trading Conditions

For starters, NSBroker has a floating spread that starts at 0.4 pips for the EUR/USD pair. However, the ECN tech also charges per-trade commissions besides spreads.

Trading crypto, commodities, stock, and index CFDs incurs a commission equal to 0.5% of the trade value.

For all other assets, the commission is fixed at $8 per lot per trade.

How to Start Trading with NSBroker

Once you signup with NSBroker and verify your account, you will get access to the MetaTrader 5 login credentials. You can then download and install your preferred version of MT5 (desktop app, Android app, iOS app, or the web-based WebTrader).

Here are the features you can expect corresponding to each:

Android MT5

• Comprehensive charting tools
• Push notifications
• Interactive charts
• Real-time quotes
• Full trading functionality

iOS MT5

• User-friendly interface
• Customizable settings
• Technical analysis tools
• Advanced trading functions

Desktop App

• Access to expert advisors
• Built-in strategy tester
• Customizable interface
• A comprehensive set of tools

WebTrader

• Universal access
• Essential trading functions
• No download required
• Real-time trade execution

You can use the MT5 functionality for a real account or even a demo account.

Useful Tools for Traders on NSBroker

NSBroker provides access to all the trading tools nested in the MetaTrader 5 interface, including:

• Multi-chart view
• 40+ graphical tools
• 50+ indicators
• Four scaling modes

NSBroker also has a few platform-native tools and resources for traders, including a pip value calculator and a margin calculator.

Investing Opportunities

NSBroker doesn’t offer investing features like copy trading or TurboSavings. However, the high-leverage option (up to 1:100) while trading CFDs can be helpful if you want to make some extra money.

NSBroker Affiliate Program

NSBroker offers a lucrative multi-tier affiliate program.

It’s simple. All you have to do is:

• Register an affiliate account
• Generate an affiliate link
• Share that link with your friends or followers
• Get paid whenever someone signs up using your link and funds their account

As an affiliate, you can earn up to 50% of the revenue generated by referred users.

Security Considerations and the State of Customer Support

NSBroker is regulated by the Malta Financial Services Authority, which ensures the legitimacy of its operations. But this top forex broker has also implemented a number of security features:

• Separate Tier-1 bank accounts for customer funds
• Negative balance protection
• Dynamic risk management
• Frequent security audits

NSBroker also has a detailed disclosure page, mentioning the extent of speculation and risk factors associated with foreign derivatives and exchange-based trading. This is one of the more detailed disclosures the Trading.biz team has seen.

When it comes to customer support, NSBroker doesn’t disappoint, either. And for added convenience, you can reach them in a few different ways:

• Phone support
• Email support
• Livechat (weekdays only)
• FAQ section