NSBroker
Pros and Cons
Pros
- Regulated by Malta Financial Services Authority (MFSA)
- Over 100 trading instruments including forex, stocks, metals, and cryptocurrencies
- Trading platform: MetaTrader 5 with advanced features
- 100% segregation of client funds and negative balance protection
- 24/5 multilingual customer support available
Cons
- High minimum deposit of €500
- Limited range of tradable assets (over 100 instruments)
- Only one trading platform (MetaTrader 5)
- Low maximum leverage of 1:100
- Mixed reviews regarding customer support effectiveness
Basic Information
User Reviews
NSBroker Overview
NSBroker, officially known as Alchemy Markets Ltd, is a forex broker that has been operating for approximately 5-10 years and is registered in Malta. The broker adheres to strict regulatory standards as it is regulated by the Malta Financial Services Authority (MFSA), ensuring a level of compliance that provides traders with confidence and security in their investments. This regulatory oversight underlines NSBroker’s commitment to maintaining transparency and integrity in the financial services it offers.
The broker provides a diverse range of trading instruments, including over 100 assets such as forex, metals, cryptocurrencies, and stocks. Traders can access advanced trading platforms that support various trading tools and features, facilitating a user-friendly experience. NSBroker also emphasizes customer support, offering assistance during trading hours through multiple channels. Unique advantages of NSBroker include 100% segregation of client funds, negative balance protection, and participation in the Maltese investor compensation scheme, which provides additional safety for investors. By consistently innovating its services, NSBroker aims to enhance the trading experience for both novice and experienced traders.
Is NSBroker Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Malta Financial Services Authority (MFSA) | Malta | Segregated Funds, Investor Compensation Scheme |
Is NSBroker Regulated and How Are Client Funds Protected?
NSBroker, operating under Alchemy Markets Ltd, is regulated by the Malta Financial Services Authority (MFSA), ensuring a legitimate and trusted trading environment. The broker adheres to strict regulatory standards, which help to instill confidence among traders. Client funds are protected through various safety measures, including 100% segregation of client funds, meaning that trader funds are kept separate from the broker’s operational funds. Additionally, NSBroker participates in the Maltese investor compensation scheme, which provides further protection, allowing clients to claim compensation of up to €20,000 in the event of broker insolvency. This regulatory framework not only enhances the safety of investor funds but also underscores NSBroker’s commitment to maintaining transparency and integrity in its financial services.
Trading Products and Services
What trading instruments does NSBroker offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, GBP/USD) | Many |
| Commodities | Gold, Oil | Many |
| Indices | S&P 500, NASDAQ | Many |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH | Many |
NSBroker offers a diverse array of trading instruments, catering to various trader profiles and investment strategies. With over 100 assets available, including forex, commodities, indices, stocks, and cryptocurrencies, traders can easily find products that suit their trading style, whether they are beginners or experienced professionals. The extensive coverage across multiple asset categories allows for effective portfolio diversification, enabling traders to implement flexible strategies that align with their financial goals and market conditions. This range of options enhances the trading experience and empowers users to adapt to changing market dynamics.
Account Types and Trading Conditions
What Account Types and Fees Does NSBroker Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Real Account | All traders, including beginners and experienced | Access to all trading instruments, negative balance protection | Minimum deposit of €500 required |
| Demo Account | New traders for practice and strategy development | Virtual funds for risk-free trading simulations | Unlimited usage time, no real money required |
Account Opening Process
To open an account with NSBroker, follow these steps: First, visit the NSBroker website and click on the “Open an Account” button. You will need to provide personal details such as your name, email, and phone number. Next, submit identity verification documents, including a valid ID (passport or driver’s license) and proof of address (utility bill or bank statement). After verification, you can fund your account and start trading. Additionally, if you wish, you can upgrade to a professional account later on.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs like EUR/USD) | 0.3 | $8 per lot | Competitive spreads for major pairs |
| CFDs (Stocks, Indices, Commodities) | Varies | $8 per lot | Standard commission across various assets |
| Cryptocurrencies (BTC/USD) | Varies | $8 per lot | Fees may vary based on market conditions |
Other Fees
NSBroker does not charge any fees for deposits or withdrawals, making transactions cost-effective for users. However, be aware that inactivity fees may apply if the account remains dormant for an extended period. There are no platform usage fees, and overnight interest (swap rates) may apply depending on the positions held. Currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does NSBroker Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | 2FA, market search, multiple order types, price alerts, technical indicators | Demo account, VPS |
| Web Version | Browser-based (compatible with all OS) | Encryption, symbol lookup, one-click trading, alerts | Demo account |
| Mobile App | iOS, Android | Biometrics, market alerts, easy navigation, real-time quotes | Demo account |
NSBroker offers a robust selection of trading platforms to cater to various trader needs. The MetaTrader 5 platform is well-suited for advanced trading, providing extensive features and tools for effective market analysis. The web version enhances accessibility, allowing users to trade from any device with an internet connection. The mobile app enables convenient trading on the go, with secure login options and real-time market alerts. Overall, NSBroker supports mobile trading and emphasizes secure logins, fast order execution, and efficient search tools, ensuring a seamless trading experience across all platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1-3 business days | No platform fee | Min €500, Max €20,000/day | EUR |
| Credit/Debit Card | Instant | No platform fee | Min €500, Max €10,000/day | EUR |
| e-Wallet (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge for withdrawals | Min €100, Max €5,000/day | EUR |
Minimum Deposit
NSBroker requires a minimum deposit of €500 to open a real trading account. This requirement is standard across all account types and payment methods, ensuring a uniform entry level for all traders.
How to Withdraw
- Log in to your NSBroker account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit the withdrawal request.
- Wait for the processing time to complete, and check your account for the funds.
Customer Support
NSBroker Customer Support Overview
Support Channels
NSBroker provides multiple channels for customer support to ensure traders receive the assistance they need. Traders can reach the support team through:
- Email: Customers can send inquiries to help@nsbroker.com.
- Live Chat: Available during trading hours for immediate assistance.
- Telephone: Traders can contact support at +44 (203) 936-07-21 for more direct help.
- Social Media: NSBroker maintains a presence on various social media platforms for updates and customer engagement.
Service Availability
NSBroker offers customer support during trading hours, allowing traders to receive help when they need it most. The support team is available in multiple languages to cater to a diverse clientele, enhancing the overall customer service experience.
Frequently Asked Questions
NSBroker ensures the security of client funds by adhering to strict regulatory standards set by the Malta Financial Services Authority (MFSA). Client funds are kept in 100% segregated accounts, separate from the broker’s operational funds. Additionally, NSBroker participates in the Maltese investor compensation scheme, which allows clients to claim compensation of up to €20,000 in the event of broker insolvency.
NSBroker offers a diverse range of trading instruments, including over 100 assets across various categories such as forex, metals, cryptocurrencies, stocks, and indices. This variety allows traders to implement different strategies and diversify their portfolios according to their financial goals.
NSBroker provides the MetaTrader 5 (MT5) platform, which supports advanced trading tools and features such as multiple order types, technical indicators, and real-time market analysis. The platform is available on various devices, including desktop and mobile, ensuring traders can manage their accounts and execute trades conveniently from anywhere.
NSBroker offers multiple customer support channels, including email, live chat, and telephone assistance. The support team is available during trading hours and can assist clients in multiple languages. This ensures that traders receive timely help for any inquiries or issues they might encounter.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.