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NSBroker is an online CFD broker platform that launched in 2011. For the past ten years, it has provided both novice and experienced traders an opportunity to access international markets in a secure and convenient manner. Licensed and regulated, the online broker is managed by a board of professionals with extensive experience in the financial services sector.
Trading on NSBroker is possible through a number of different channels, including mobile, through the Meta Trader 5 engine. To support its users, the platform provides a number of useful resources, including educational material and analysis tools.
In this NSBroker review, we will provide a detailed overview of this online CFD broker. Apart from highlighting key terms and fees, we will explain how the operator prioritises innovation and transparency in its solutions.
Operating for over 10 years, NSBroker’s reputation for safety and security remains strong. The online broker is owned and operated by NSFX Ltd., a company that is based in Malta and regulated by the Malta Financial Services Authority (MFSA).
In line with the requirements of the Authority, the online broker segregates client funds from its own. This means that the platform is not able to use client funds for its own operations.
From its trading platform, NSBroker lets you trade a variety of CFD markets, including cryptocurrencies. You will find a very good selection of pairs with USD as the base currency. Available coins include Bitcoin, Bitcoin Cash, and Litecoin.
Beyond Bitcoin CFDs, NSBroker offer over 100 different trading instruments, including Forex, stocks, precious metals, and energy carriers.
To support traders who are new to particular markets, or trading in general, NSBroker offers educational resources that include video tutorials and guides. In addition, you can create a demo account to put what you’ve learnt into practice and to become familiar with the Meta Trader 5 interface.
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The NSBroker CFD trading platform is built upon three main pillars. These are:
As you will see in the rest of this NSBroker review, these pillars are evident throughout the service offering.
As an online CFD broker designed to cater to beginners, NSBroker offers a user-friendly and intuitive interface. Rather than developing its own platform from scratch, the broker offers the tried and tested Meta Trader 5 platform.
One of the advantages of utilising MT5 is that you can trade from anywhere using your mobile phone. In fact, an app is available for Android, iOS and Huawei devices. All you need to start trading is your NSBroker login details.
Before you can start trading on NSBroker you will need to create an account. In line with its operating license, and to safeguard its users, the platform requires you to provide personal information and answer a financial markets trading questionnaire.
You will also need to provide documents that verify your account before being able to deposit funds. If you plan to start by using the demo account, you can temporarily bypass this step.
The following steps will help you register a new account on NSBroker.
As part of the registration process, you will receive a confirmation email. Click on the link found within the email to complete this step.
Once you have reached step 3 of the signup process, you will have an NSBroker account created. You can log in at any time in the following way:
If you’ve forgotten your NSBroker password, you can click on the ‘Forgot password?’ link to reset it.
NSBroker seeks to keep all its users safe by reducing the risk of fraud. One of the ways in which it accomplishes this is by requiring all users to verify their account before placing their first deposit. You can verify your account by uploading the necessary identification and residency documents onto the dashboard.
If you need any help to complete your NSBroker verification, you should get in touch with customer care.
With a registered NSBroker account, you are probably eager to place your first trade. With MT5, trading is simple and intuitive. The following steps will guide you through the process.
The first step to opening a real trade is to deposit funds into your NSBroker account. The online CFD broker supports a selection of convenient and instant payment methods.
We will provide further information regarding deposit and withdrawal options in the Platform Fees & Limits section of this NSBroker review.
To place your deposit, all you need to do is:
With funds in your account, you can place your first trade by opening up Meta Trader 5 and logging in using your NSBroker credentials. Once you’re logged in, you can start buying CFDs in the following way:
You have now created a position and can view this in ‘Open Trades’ list below the main interface.
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
To close an open position on Meta Trader 5, log into your account and follow these steps:
The order’s funds will be automatically transferred to your account. Before this is done, all applicable fees are deducted.
With funds in your account, you can cash out at any time. For security purposes, NSBroker recommends that you use the same payment method to withdraw these funds. To cash out, all you need to do is:
It can take up to five business days for your funds to reach your account.
NSBroker lets you trade numerous cryptocurrency CFD pairs. The main ones include:
NSBroker is available in most countries around the world.
You can register an NSBroker account if you reside in any of these countries:
EEA (European Economic Area) including Austria, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
You can also open an account if you live in the UK and Australia.
Since CFD trading is not allowed in the United States of America, residents cannot use the NSBroker trading platform. Other countries are also excluded or restricted.
Every CFD trading platform has its own fee structure and limits. No NSBroker review can be complete if we do not mention this important information.
The platform’s main trading fees are the spread and commission. In the case of cryptocurrency CFDs, the commission is fixed at 0.5%, whilst the spread is floating. You will be notified of the final price before you confirm a buy or sell order.
NSBroker does not charge any fees for deposits. Withdrawals using Skrill or Neteller are subject to a 2.9% fee. To avoid paying this fee, we recommend using Visa, Mastercard, or a bank transfer.
The online broker has a number of additional fees that are charged in specific situations. For example, if you open a position using leverage, you will be liable to pay a financing fee.
The online broker’s minimum deposit limit is €/$250. The minimum withdrawal is €/$10.
In line with the European Securities and Markets Authority (ESMA), the following leverage limits apply:
NSBroker supports a decent selection of payment methods. You can pay using USD, EUR, or GBP.
Whilst NSBroker is safe and does not appear to have ever been successfully hacked, it offers a relatively basic form of user security. When you create an account, a password is automatically generated and sent to your email address. You are encouraged to change the password to a more secure one.
You can get in touch with the support team at NSBroker via live chat, email or telephone (UK-based). Support is provided Monday to Friday between 08:00 – 20:00 (GMT+3).
Both NSBroker and Trading 212 are regulated platforms. Trading 212 is a larger platform, offering over 2,500 instruments, however, it does not support cryptocurrency trading. NSBroker does, and like Trading 212 provides a demo account and extensive educational resources.
Both NSBroker and eToro let you trade a selection of CFDs across markets. eToro, however, goes further, letting you invest directly in stocks and buy and hold cryptocurrencies. Both platforms are available across devices and are regulated.
You can trade a selection of CFDs on both NSBroker and Plus500. Both are secure and licensed, providing omnichannel access. However, NSBroker charges commissions on most trades whilst Plus500 does not. The range of supported payment methods available at Plus500 is also higher.
NSBroker is an established and reliable trading platform that is available on your favourite device. It offers a good range of instruments that include cryptocurrencies and stocks. The fees charged by the platform are sometimes higher than average, but it is certainly a good place to start trading CFDs if you’ve never done so before.
Yes, the online CFD broker has been in operation since 2011 and is regulated by the MFSA.
No, NSBroker is a CFD trading platform, so you can only buy and sell crypto derivatives.
The online broker has set a minimum deposit of $250.
Yes, you can use the broker through Meta Trader 5. MT5 is available on Android, iOS, and Huawei devices.
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