Score
Cyprus
|
10-15 years
| https://nessfx.com/
Website
Rating Index
Influence
D
Influence index NO.1
Bangladesh 2.47
LicensesLicensed Entity：Fxnet Ltd
License No. 182/12
Cyprus
nessfx.com United States| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Minimum Deposit | $500 |
| Maximum Leverage | 1:500 for professional traders |
| Minimum Spreads | From 0.0 pips |
| Trading Platform | MT4 trading platform |
| Demo Account | Yes |
| Trading Assets | forex (over 45 currency pairs), precious metals, commodities, stocks, indices, and bonds |
| Payment Methods | VISA, MasterCard |
| Customer Support | Phone & Email Support |
General Information & Regulation
NessFx is owned and operated by FXNET Limited; a Cypriot Investment Firm, founded in 2016, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 182/12, incorporated and registered under the laws of the Republic of Cyprus (Certificate of Incorporation No. 300624). NessFx is offering Forex and CFD trading online via the user-friendly MetaTrader 4 (MT4) platforms for desktop, web and mobile devices (iOS & Android).
Markets Instruments
NessFx offers investors a wide range of tradable financial instruments, mainly forex (over 45 currency pairs), precious metals, commodities, stocks, indices, and bonds.
NessFx Minimum Deposit
NessFx offers three types of accounts: Micro (minimum deposit of $500), Premium (minimum deposit of $2,000), and Platinum (minimum deposit of $20,000). The initial deposit for a micro account is way too high, as most broker only requires $100 to $200. Additionally, a demo account and an swap-free account are also available.
NessFx Leverage
Leverage for retail investors: 1:30 for major currency pairs, 1:20 for minor currency pairs, Gold and major indices, 1:10 for commodities other than Gold and minor stock indices, 1:5 for stocks and other products, maximum leverage for professional traders is up to 1:500.
Spreads & Commissions
The minimum spread for Micro accounts is 2.3 pips for EURUSD, 2.5 pips for GBPUSD, 4.2 pips for Gold, and 4.8 pips for Silver. The minimum spread for the Premium account is 1.8 pips for EURUSD, 2.1 pips for GBPUSD, 3.4 pips for Gold, and 4.0 pips for Silver. The minimum spread for the Platinum account is 0.0 pips for EURUSD, 0.0 pips for GBPUSD, 3.3 pips for Gold, and 4.0 pips for Silver. Micro and Premium accounts do not charge a commission for Forex trading, while Platinum accounts charge a commission for trading. The minimum spread for U.S. crude oil is 1.3 pips and for natural gas is 1.6 pips.
Trading Platform
NessFx provides traders with a professional Forex and CFD platform - MT4 trading platform. NessFx provides traders with convenient access to the most active financial markets, a user-friendly interface for flexible and customized trading, access to a variety of dynamic trading and analytical tools.
Trading Tools
Aside from the MT4 trading platform, NessFX provides easy access to a series of trading tools, including Economic Calendar, Holiday Calendar, Market Hours, margin requirements, CFD expiry dates and more.
Deposit & Withdrawal
NessFx supports a variety of deposit and withdrawal methods, mainly VISA, MasterCard (for EUR, USD, PLN, and CZK, deposit and withdrawal fees are charged up to 3%), Przelewy (for PLN, deposit fees are charged at 1.9%, withdrawal fees may be applied by the bank), NETELLER (for EUR, USD and the CZK, deposits are charged at 3.9% with a minimum of $1 and withdrawals are charged at 2% with a minimum of $1 and a maximum of $30), Wire Transfer (for EUR, USD, PLN, CZK, deposits and withdrawals are charged at a maximum of 3%), iDeal (for EUR, deposits are charged at 3.15% and withdrawals are charged at 1% of the USD commission).
Customer Support
Nessfx have a support team on hand 24/5 if traders require any help or technical support. They can be reached via email, telephone and online chat. If investors wish to find out more about NessFx or they have general questions regarding the services that they provide, they can also check out the FAQ section on the brokers website to find instant answers to some of the more commonly asked questions.
Accepted Regions
NessFx does not provide trading or any other services to residents of the following countries and regions: Belgium, Turkey, Russia, Japan, Canada, British Columbia, Quebec, Saskatchewan and the United States of America. Some Nessfx broker features and products mentioned within this Nessfx review may not be available to traders from specific countries due to legal restrictions.
Pros & Cons
| Pros | Cons |
| CYSEC-regulated | High minimum deposit requirement |
| Diversidied range of trading instruments | Limited payment methods |
| Three types of trading accounts to choose from | HIgh spreads on the Micro account |
| High leverage up to 1:500 for professional traders | |
| MT4 trading platform available | |
| Swap-free & demo account avaialble |
Frequently Asked Questions
What is the minimum deposit amount required to make a start with NessFX？
The minimum deposit amount required to register a NessFX live tarding account is $500.
How many currency pairs can I trade with NessFx？
NessFX makes 64 forex pairs available for trade.
What trading platfrom doesNessFX provide？
NessFX provides the access to the MT4 trading platform.
Does NessFX support social trading？
Yes, Copy Trading is made available by NessFX.
CySEC, the Cypriot financial market regulator, maintains its war on noncompliance, announcing enforcement action against two more regulated entities on Tuesday, Ayers Alliance Financial Group Limited and BrokerCreditService (Cyprus) Limited.
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平步青云131419
Hong Kong
After I deposited in NessFx and profited, my account was modified and I can’t withdraw. They won my trust by chatting on WeChat. The programmer claimed he was experienced and studied abroad who led us to operate. My account was modified during the period of withdrawal. Luckily, I have screenshots of every step. In the end, they said I have to pay ￥68,160.54 to unfreeze my funds. Scam me step by step! Close my app after I was angry.
Exposure
李春波
Argentina
As a loyal client of NessFX, I have too much to say. This broker is a reliable one that you can have a try, offering stable trading platform, and I have not encounter any technical issues during trading sessions. Customer support is very helpful, always here to answer my questions.
Neutral
Georgi Ilchev
Bulgaria
You need to update account data for the platform it does not match advertised one in the portal portfolio. So far I am more than satisfied again just 4 months so far good collaboration. In time will provide more info.
Positive
201955405
Colombia
I have been trading with this company for 2 months, and so far I am very satisfied, and I will continue to trade if there is no accident. The amount of spreads and commissions are not very high, which I really like. I also like its leverage, up to 1:500, which allows me to trade more positions.
Positive