Abstract：NSFX Forex broker review covering regulation, licenses, and compliance. Learn about NSFX broker's Malta license and revoked FCA authorization.
NSFX Broker Overview
Founded in 2004, NSFX Broker is a Malta-based financial services provider operating under the name Alchemy Markets Ltd. The company has positioned itself as a multi-asset trading venue, offering forex, commodities, indices, and other instruments. While NSFX Forex has longevity in the market, its regulatory history raises questions about legitimacy and transparency.
NSFX Regulation and License Details
Regulation is the cornerstone of any trusted online broker review. NSFX Regulation is currently overseen by the Malta Financial Services Authority (MFSA) under license number C 56519, with authorization as a Market Maker (MM). This license allows NSFX Broker to operate across 18 European countries, including Austria, Belgium, Denmark, and Estonia.
However, NSFX Limited previously held authorization from the UK Financial Conduct Authority (FCA) under license number 595195. That license was revoked in December 2020, leaving NSFX Forex regulated solely in Malta. The revocation raises concerns for traders seeking broader European protections.
Key Regulatory Facts:
- MFSA License: Active, Market Maker, Alchemy Markets Ltd.
- FCA License: Revoked, NSFX Limited, expired 2020
- Jurisdiction: Malta, EU passporting rights (limited after FCA revocation)
This dual history makes NSFX Regulation a mixed picture—legitimate under MFSA, but weakened by the FCA withdrawal.
NSFX Scam or Legit?
The question “NSFX scam or legit” arises frequently in trader forums. Based on the PDF data, NSFX Forex is not an unlicensed broker; it holds a valid MFSA license. However, investigative reports (including WikiFX site visits) noted inconsistencies, such as the absence of a physical office at its listed Malta address. This discrepancy, combined with the revoked FCA license, fuels scepticism.
Verdict: NSFX Broker is regulated, but traders should exercise caution due to transparency issues and limited oversight compared to Tier-1 brokers.
NSFX Trading Platform Features
NSFX Broker offers proprietary and third-party platforms, with its flagship being NSFX JForex. This platform integrates ECN and STP technology, providing deep liquidity and tight spreads. It is available on PC, Mac, web, and mobile devices.
Supported Platforms:
- NSFX JForex: Proprietary, ECN/STP execution
- NSFX Trader App: Mobile-focused, over 1,800 downloads
- NSFX Trader HD: Tablet version, 1,160 downloads
- MT4/MT5: Mentioned but not fully supported
Compared to competitors like Pepperstone or IC Markets, NSFX Forex lags in offering widely adopted platforms such as MT4/MT5, which may deter experienced traders.
NSFX Account Types and Fees
NSFX Broker provides three account types: ECN, Fixed Spread, and JForex. Unfortunately, the brokers official website offers limited transparency on spreads, leverage, and fee structures.
Account Highlights:
- Minimum Deposit: $1
- Demo Accounts: Available
- Leverage: Not clearly disclosed
- Spreads: Unclear, lack of published data
This lack of clarity contrasts with the best forex broker comparison standards, where leading brokers publish detailed fee schedules.
NSFX Deposit and Withdrawal Methods
Funding and withdrawals are supported via seven payment channels. While deposits are generally free, withdrawals via e-wallets incur fees.
Payment Methods Table:
The 2.9% withdrawal fee on Skrill and Neteller is a notable drawback compared to competitors offering free e-wallet withdrawals.
NSFX Spreads and Leverage Explained
Transparency on spreads and leverage is limited. The broker claims tight spreads due to Tier-1 liquidity providers, but no published data is available. This omission makes it difficult to compare NSFX Forex against trusted online broker reviews of industry leaders.
Pros and Cons of NSFX Broker
Pros:
- MFSA-regulated
- Multiple account types
- Demo accounts available
- Wide range of instruments (forex, commodities, indices, stocks, crypto)
- Live chat support
Cons:
- FCA license revoked
- No clear spread/leverage disclosure
- Limited MT4/MT5 support
- Office presence questioned in Malta
- Withdrawal fees on e-wallets
Competitor Comparison
When placed against the best forex broker comparison benchmarks, NSFX Forex falls short in transparency and platform diversity. Brokers like Pepperstone and IC Markets offer clearer fee structures, stronger Tier-1 regulation (ASIC, FCA), and broader platform support. NSFX Brokers reliance on MFSA alone limits its appeal to risk-averse traders.
Domain and Transparency Check
- Website: nsfx.com
- Server Location: Germany
- Domain Registrar: ENOM, INC.
- Most Visited Region: Libya
The unusual traffic concentration in Libya raises further questions about NSFX Brokers client base and marketing practices.
Bottom Line: Is NSFX Broker Worth It?
NSFX Forex is a regulated broker under MFSA, but its revoked FCA license, unclear fee structure, and questionable office presence undermine confidence. For traders prioritizing transparency and Tier-1 oversight, NSFX Broker may not rank among the most trusted online broker reviews. However, for those seeking a low minimum deposit and access to diverse instruments, NSFX Forex remains a functional option.
