10 years of online trading

NSBroker

NSBroker is a trading platform that was established in 2011 by a group of experienced traders. Hence, it is not surprising that it offers nearly everything an investor could ask for. The broker allows its users to trade on exclusive financial markets, including Forex, cryptocurrencies, precious metals, indices, and energy carriers. Provided that you are a novice trader, you can find comprehensive trading guides at NSBroker.

The trading platform uses advanced technologies to ensure stability and speed when trading. But where NSBroker truly outshines its competitors is its low fees. Spreads start from just 0.3 pips, which is significantly lower compared to other trading platforms. In addition to that, traders can customize charts according to their preferences.

Traders at NSBroker have the exclusive opportunity to trade on the world’s most popular platform, and more precisely MetaTrader 5. You can also trade via your portable gadget as the broker utilizes MetaTrader 5 for Android and iOS-based devices. Users can download the platform for free.

Both desktop and mobile traders can benefit from trading tools such as a pip value calculator, a currency converter, and a margin calculator. To ensure that its users trade under the best trading conditions, the broker utilizes the so-called Electronic Communication Network technology.

The customer support department is the perfect finishing touch of NSBroker. The trading website is available in several languages, including English, German, Russian, Spanish, French, Italian, Polish, and Portuguese.

Regulations

regulationsNSBroker operates in different jurisdictions thanks to a license issued by the Malta Financial Services Authority (MFSA). The regulator is believed to be one of the most reputable on the market, meaning that traders have no reason to doubt the fairness of the broker.

What is more, the broker is compliant with the regulations set by the Markets in Financial Instruments Directive (MiFID). The European regulation aims at increasing transparency across the EU’s financial markets.

NSBroker is regulated by the Federal Financial Supervisory Authority (BaFin) – Germany’s financial regulatory authority. The broker is licensed by the AMF (Autorité des Marchés Financiers), the regulator for the financial markets in France. Last but not least, NSBroker bears a stamp of approval from the Italian financial regulator Commissione Nazionale per le Società e la Borsa (CONSOB).

The broker has been in business for 10 years, over which it managed to cement its withstanding reputation. The mere fact that its customer base keeps on growing proves its trustworthiness. As an above-board company, NSBroker prohibits individuals under 18 years old from using its services. Furthermore, traders residing in the USA are not allowed to set up an account at NSBroker.

Trading Instruments

With NSBroker, you will have access to some of the most sought-after financial markets, including Forex, cryptocurrencies, precious metals, indices, energy carriers, and CFDs (Contract for Differences). We would like to inform our readers that CFDs are not recommendable for amateur traders. According to the broker’s website, 74% of the retail investor accounts lost money when trading CFDs with NSBroker. Provided that you are interested in trading at NSBroker, you should know that the broker charges commissions for each trade. For most assets, it is $8/lot except for cryptocurrency and indices. Another important thing to mention is that the maximum leverage for professional traders is 1:100.

Forex

The foreign exchange market (also known as Forex) is booming with popularity, attracting the attention of investors from all over the world. At NSBroker, you can trade a large number of major currency pairs, including but not limited to EUR/USD, GBP/USD, USD/JPY, EUR/JPY, EUR/GBP, and GBP/JPY. Spreads are floating, starting from just 0.3 pips. As for the leverage you can benefit from, it goes up to 1:30 for retail customers.

The trading platform also allows investors to trade minor currency pairs such as AUD/CAD, AUD/USD, EUR/NZD, NZD/CAD, NZD/JPY, and others. The spreads here start from 0.5 pips and the leverage reaches up to 1:20.

Provided that exotic currency pairs are more to your liking, you should consider setting up an account at NSBroker as it offers a total of 12 exotic currency pairs. Some of them include EUR/NOK, EUR/PLN, USD/DKK, USD/NOK, USD/TRY, etc. As for the spreads, these start from 1.9 pips and the leverage goes up to 1:20 for retail customers.

Precious Metals

When it comes to trading precious metals, NSBroker focuses on spot gold and silver. Investors can benefit from CFDs when trading precious metals. In other words, you do not actually buy a given quantity from the precious metal you would like to invest in, but you speculate with the price movements. You trade spot gold and silver via the popular MetaTrader 5 platform.

The price of the precious metals is traded against the US dollar. Hence, NSBroker uses the XAU/USD symbol for trading gold and XAG/USD for trading silver. When buying and selling gold as CFDs, you should know that the spreads start from $1.5, while the spread for trading silver starts from $0.02. Retail customers can benefit from a leverage of up to 1:20 when trading gold, and up to 1:10 when speculating with the price of silver.

Indices

Indices measure the fluctuation of the price of a group of shares from an exchange. Investors who are trading indices are trying to make a profit from the price movements of indices. However, trading indices is riskier compared to trading currencies.

The spreads which NSBroker offers are relatively small, meaning that you will not leave empty-handed even if the price movements are small. The commission for trading CFDs on indices is set at 0.05% and traders can take advantage of a leverage of up to 1:20 for retail customers.

Interestingly, investors at NSBroker cannot trade individual stocks but indices. The broker offers a total of 4 major and 4 minor indices. The major indices include AUS200, FRA40, JPN225, and UK100. As for the minor indices, you can trade GER30m, USA500m, WS30m, US100.

Energy Carriers

Trading CFDs on energy carriers is yet another interesting opportunity offered at NSBroker. Traders at NSBroker can invest in the price fluctuation of US and UK Oil. The XTI/USD (US Oil) commodity is based on West Texas Intermediate crude oil, while the XBT/ISD commodity (UK Oil) is based on Brent crude oil. It is important to mention that the price of crude oil is extremely volatile as it depends on many factors.

Provided that you are interested in trading UK Oil, you should be informed that the spreads start from just 0.04 pips, while the spreads for trading US Oil start from 0.12 pips. The leverage you can benefit from reaches up to 1:10 for retail clients. Traders at NSBroker have access to up-to-date charts and reports that will help them to open the right trading position.

Cryptocurrencies

If you wish to test your luck on trading crypto assets, then consider setting up an account at NSBroker. The trading platform offers its users the possibility to trade CFDs on major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. When trading cryptocurrencies, the US dollar is recognized as the quote currency, while the crypto asset you are interested in is the notable currency.

NSBroker allows its users to trade cryptocurrencies with a leverage of up to 1:2. We would like to kindly advise novice traders to first open a demo account to trade cryptocurrencies, as digital currencies are highly volatile. In other words, the risk to lose your entire investment is not small.

Trading Platforms

As we already mentioned above, NSBroker utilizes MetaTrader 5 – an advanced third-party trading platform. It features more technical indicators compared to MetaTrader 4 and 21 timeframes. The platform allows investors to trade different assets, including Forex, soft commodities, metals and energy, and indices. Its easy-to-navigate user interface makes it a preferred platform for many investors and brokers.

Platforms

PC / MAC

Smartphones

Tablets

MetaTrader 4
MetaTrader 5

Next to that, it features an economic calendar that includes all upcoming trading events. The trading platform has 8 different types of pending orders under its belt. Hence, we are not surprised that NSBroker features several orders, including Good till Cancelled, Limit, Market, One Cancels the Other, Stop Loss, and Trailing Stop. MetaTrader 5 allows you to better keep track of your performance.

The desktop version of the platform features first-class tools such as expert advisors (EAs) and copy trading. EAs are powerful instruments that investors can attach to a chart to enhance their trading performance. To do so, you have to navigate your way to the Navigator window and select an Expert Advisor. It is important to mention that MetaTrader 5 allows a single Expert Advisor to run on a given chart. Provided that you add another Expert Advisor on the chart, the first one will be removed.

Traders who are interested in using the copy trading function have to select a successful trader and subscribe to the trading signals service. It allows traders to automatically copy trading operations from the account of a preferred trader to their own.

MetaTrader 5 also grants you access to comprehensive price analysis and improved charts. Furthermore, the platform supports netting and hedging systems. The netting system allows traders to have a single position per financial instrument at the same time. As for the hedging system, it allows investors to have multiple open positions simultaneously.

Retail traders can download the platform for free from the official website of NSBroker. The trading platform is compatible with Windows 2007 or a later version of the system. Investors should be informed that MetaTrader 5 requires a SSE-supported processor.

Android and iOS Trading

MetaTrader 5 is designed in a mobile-friendly fashion. This means that investors can trade even on the go thanks to the MetaTrader 5 mobile applications. Android users can download the platform for free from Google Play or NSBroker’s official website. Provided that your portable device is running on iOS, you can find the MetaTrader 5 app in the App Store. It is important to mention that the app requires iOS 8.0 or a later version of the system.

Even though MetaTrader 5 features a user-friendly layout, you can always get in touch with the customer support department if you have some inquiries. The MetaTrader 5 mobile app comes with over 30 of the most popular technical indicators.

Furthermore, mobile traders can enable sound notification and even customize the color scheme of the Forex & Stock charts. The MetaTrader 5 app for iPad allows users to display up to 4 charts in one window. Both apps feature 9 timeframes and 3 types of charts, including bars, Japanese candlesticks, and broken lines. Last but not least, the MetaTrader 5 mobile app grants its users access to the latest financial news.

Payment Methods

payment-methodsNSBroker offers a modest range of payment solutions. The available payment methods support both deposits and withdrawals. Provided that you wish to fund your NSBroker account, you can use your bank card by Visa or Mastercard. You can also make a deposit via Skrill and Neteller. Assuming that you prefer using more traditional payment methods, you can deposit via Bank Transfer.

When selecting a preferred payment solution, you have to bear in mind that NSBroker imposes a fee of 2.9% on withdrawals via Skrill and Neteller. Provided that you decide to use another payment solution, you should be informed that deposits and withdrawals are carried out in a fee-free fashion. However, some payment service providers might charge a fee on their end. In such cases, the trader is responsible for paying the fee.

The minimum deposit to open a trading account and start trading is $250, or the currency equivalent. While on the subject, we would like to mention that the broker accepts payments in several currencies, including USD, EUR, and GBP. The least amount traders at NSBroker can cash out is set at $10.

Deposits via all available payment solutions, bar Bank Transfer, are carried out instantly. If you use Bank Transfer to fund your NSBroker account, you should know that the money will appear on your balance within up to 3 working days.

Withdrawals are also processed promptly, but it depends on the payment service provider when you will receive your profits. By rule, Bank Transfer is the slowliest payment solution for withdrawing funds. If you are looking for a quicker alternative, consider using any of the available digital wallets.

It is worth mentioning that you can make a withdrawal request if you have opened a position. Provided that the requested amount is available, the withdrawal will proceed. If not, you will be asked to close the position.

BrandMinimumFeesProcessing Time
$250$0Instant
$250$0Instant
$250$0Between 2-3 business days
$250$0Instant
$250$0Instant
BrandMinimumFeesProcessing Time
$10$0Up to 1 business day
$10$0Up to 1 business day
$50$0Up to 2 business day
$10$2.90%Up to 1 business day
$10$2.90%Up to 1 business day

Account Types

account-typesNSBroker features several account types, and more precisely demo, standard, and professional. If you are dipping your toes in trading for the first time, be advised to set up a demo account. It will provide you with the opportunity to improve your skills in a risk-free manner. The starting balance of the demo account is $100 000 and you can use it as long as you want. Once the virtual money is finished, you can set up a new demo account.

If you wish to trade for real cash, you have to set up a retail account. To do so, you need to register with NSBroker and pass the verification process. During the registration, you will be asked to fill a questionnaire to determine your skill level.

Assuming that you are confident enough to switch to a professional account, you have to inform your personal manager. Then, he/she will submit a request to the broker’s compliance team and you will be asked to provide some additional documents.

The spreads for both accounts are the same. The only difference between the two account types is in the leverage. Retail customers can benefit from a leverage of up to 1:30, while professional investors are given the opportunity to trade with a leverage of up to 1:100. Setting up an account at NSBroker costs nothing. A small letdown is that NSBroker does not offer an automated trading feature. All trades have to be opened by the traders manually.

Support

NSBroker takes pride in its highly-responsive customer support department that is available from 08:00 to 20:00 (GMT+3). You can get in touch with the friendly customer support agents from Monday to Friday via live chat, by sending an email to help@nsbroker.com, or over the phone.

Based on our experience, we must admit that the live chat feature is quite convenient and the agents reply in a few seconds. Even if you still do not have an account at NSBroker, you can get in touch with the customer support representatives via live chat. Unfortunately, the agents from the live chat can help you only in English. On a more positive note, the broker employs English, German, Polish, and Russian-speaking personal training managers.

Assuming that you prefer to talk to someone, you can dial one of the following numbers:

  • +44 (203) 807-30-24 – for traders residing in London
  • +43 (720) 97-15-93 – for Austrian users
  • +3 (495) 123-03-81 – for investors coming from Spain
  • +356 (80) 06-27-66 – for Malta-based investors

Conclusion

conclusionNSBroker is a reputable trading platform that operates in a large number of jurisdictions. It is licensed by some of the most reputable financial regulators, meaning that the broker is completely above-board. It offers tight spreads and a nice range of educational materials.

The broker relies on the innovative MetaTrader 5 platform which comes with several worthwhile advantages. According to some investors, the lack of more versatile tradable assets and the low leverage are among the broker’s weaknesses. On a more positive note, NSBroker is a winner for its well-organized user interface. When all is said and done, NSBroker is worth the traders’ attention even though it is lacking on several notes.

Are you ready to trade?