NSBroker.com Review: NSB is a forex broker with a Malta background according to nsbroker.com. Is NSB a trusted broker or a scam?
The address of this broker published on the website places it at:
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168 St. Christopher Street, Valletta VLT 1467, Malta.
It further claims to be licensed and registered there by the Malta Financial Services Authority under the company NSFX ltd.
NSBroker (NSB) promises to help traders “learn the ropes … of Financial Experis”. Offered on the page are live webinars, video-tutorials, ebooks, and professional tools.
Funds are promised to be secured with a 100% segregation of clients funds and negative balance protection. ECN is also said to be available. There is a demo account offered by NSB.
NSB Trading Platform
The broker offers clients the latest version of MetaTrader5 trading platform
This platform is a very good sign along with MT4, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.
Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.
Traders are assured to start trading immediately they complete the four requirements: registration, verification, fund, and trade.
NSB claims to be able to provide 400 trading assets including: 250 stocks, 30 cryptocurrencies, metals, and many currency pairs.
Leverage provided by this broker has a maximum of 1:100, this is quite low but not lower than the industry average. The spreads on the accounts are not stated.
Deposit and Withdrawal On NSB
The broker offers clients various means of making payments and withdrawing, including: Bank transfer, Visa, MasterCard, Skrill, and Neteller.
Standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on. It is so for NSB and this is a good sign.
For all the information available on the page, it fails to mention what the minimum required deposit it. There is no statement on what charges are made for withdrawals as well.
Research shows that the minimum falls somewhere around $300 while it is much higher in some countries for its parent company, NSFX.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is NSB Licensed?
Yes. On the page, NSB states that it is licensed by Malta Financial Services Authority and to be under the regulation of MIFID, FCA, Bafin, AMF and CONSOB.
The others are just wild claims because its compensation scheme of 20,000 EUR found on the page is different from that of brokers under the FCA.
However, services of NSB is not available to residents of the United States of America.
To receive assistance from an agent of this broker, clients are to call: +44 (208) 089 08 14 (London), +43 (720) 02 25 09 (Austria), +356 (27) 78 09 42 (Malta) or email: email@example.com
The license held by NSB gives it an edge as well as the professional manner in which information is provided on the page. Leverage is good and the provision of MT5 and a demo account is good.
However, it is not a popular broker as at this time with no reviews on FPA. Traders are to bid time and wait before trying it out.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website