NS Broker South Africa Review 2021
As forex trading is increasing day by day. Do you know what an NS Broker is? How can someone start forex trading? Are you a foreign exchange trader and looking for a new forex broker to work with? If yes, you must be in a dilemma because finding the right broker that meets your needs, rules, and regulations is quite tricky.
You must have in mind many factors while finding a perfect forex broker for trading like regulations, fees and minimum deposit, etc.
If you are not sure and have a doubt about NS Broker whether you should go for it or not, then we are here to assist you out as always. There are many brokers in South Africa that are working. Here is an honest ns broker South Africa review that will undoubtedly be going to help you in determining whether you should go for it or not. Let’s start this review in detail.
What is an NS Broker?
NS broker is a branched brand of NSFX Ltd. It is a company that is established and based in Malta from where it is doing much in the brokerage market under the registration number IS/56519. NS broker came into being in 2011 by a group of people who were experts in the financial field.
From 2011, it has been growing swiftly and has more than 33,000 clients in over 150 countries by 2020. Many experts indicated that this growth of NS Broker is due to the security and regulatory facilities that it provides to its clients. Now a trading app is getting popular. You can get more information about best trading platforms in south africa.
It is authorized by the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA). In addition, the broker also complies with the European Market Directive for Financial Instruments (MiFID).
Pros and Cons of NS Broker
Every broker has advantages and disadvantages as well that it provides to its clients. But some brokers are elite that offer more benefits. Let’s see what NS Broker has got for you:
Tight and competitive spreads
Advanced trading platform
It supports only one account type
Only one trading platform (MT5) is available
Limited trading tools
What can You Trade with an NS Broker?
The best answer about What can you trade with a Broker is that NS Broker provides you with options of 60 tradable assets in which you can trade with NS Broker. When we do some research, we can see that these numbers are extremely low compared to what other online CFD trading platforms offer.
However, there are following some of the top assets that you can trade with NS Broker:
Forex (30:1, margin requirement 3.33%)
Do you know what forex (30: 1 margin requirement 3.33%) ? Here is the answer, you can trade with over 40 pairs of currencies as a forex trader with NS Broker worldwide. Major pairs of currencies are:
While minor pairs are
Indices (20:1, margin requirement 5%)
You can trade with eight different indices with NS Broker:
S&P 500 (US)
NASDAQ 100 (US)
FTSE 100 (UK)
Dow Jones 30 (US)
Cryptocurrencies (2:1 margin requirement 50%)
If you are a newbie who hasn’t worked with any broker yet, you must not go for cryptocurrency while working with NS Broker because NS Broker is not that good. While five cryptocurrency markets that NS Broker offers are:
From this whole article now we can conclude that the customer service of NS Broker is pretty appreciable because they give you the best three options. They provide three phone numbers +44 (208) 089-08-14 (London), +43 (720) 02-25-09 (Austria), +356 (27) 78-09-42 (Malta). You can also go for a live chat on their official website, and the email option is also there for you. So here is all information about the NS broker South Africa Review.