Founded in 2016, NessFX is a retail forex and CFD broker that offers online trading of around 200 instruments from multiple asset classes, including forex, commodities, stocks, indices, metals, energies, and more. They provide traders with the popular and user-friendly MetaTrader 4 (MT4) platform.
The broker offers competitive trading conditions, with spreads starting from 0 pips, reliable trade execution speeds without rejections or re-quotes, and flexible leverage that is based on traders’ knowledge and previous experience.
NessFX Review Introduction
In this NessFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including NessFX.
NessFX Platforms & Tools
NessFX provides their clients with one of the world’s most popular trading platforms — MetaTrader 4 (MT4). Developed by the Russian software company MetaQuotes, the MT4 allows flexible and customized trading via a user-friendly interface, with a wide variety of dynamic trading and analysis tools. It is available as a desktop application for Windows and Mac computers/laptops, and WebTrader, which runs directly in most modern web browsers such as Chrome, Safari, Firefox, and Edge. There is also the MT4 mobile application that runs on Android and iOS devices for those who wish to trade on the go.
In addition to the useful trading built-in tools on the MT4 platform, NessFX also provides a few basic additional tools including Holiday Calendar, Economic Calendar, and more.
NessFX Research & Education
The broker’s website does not have an educational section, however, there are FAQs that give instant answers to frequently asked questions on the website.
NessFX Trading Accounts
NessFX offers a variety of accounts to suit the individual needs of their clients. The available account types are as follows:
- Micro Account — This account requires a minimum deposit of $500, and spreads start from 2.3 pips. It charges no commission on trades.
- Premium Account — The required minimum deposit is $2000; spreads start from 1.9 pips; and no commission fee is charged.
- Platinum Account — The least deposit to open this account type is $20,000; the spreads are from 0 pip; and commission charges apply.
The Micro, Premium, and Platinum accounts all offer market execution and leverage up to 1:30. Clients who qualify as professional clients can apply for the professional account; it has increased leverage up to 1:500 for certain instruments. Interest-free Islamic accounts, which comply with sharia law, are also available. There is also a demo account for traders to try out the broker’s services and practice trading strategies with virtual funds before opening a live trading account.
NessFX Account Funding
The broker offers clients a variety of convenient methods for depositing and withdrawing funds from their trading accounts. They include bank wire, credit/debit card, and online payment processors, such as Neteller and iDeal. Please note that some methods may only be available to specific countries, and the transaction fees, limits, and processing time can vary with the payment method used.
NessFX Customer Service
NessFX offers a customer support team that is on hand 24/5 to give traders general and technical support. They can be reached via email, telephone, and online chat. There is also the FAQ section on the broker’s website.
NessFX is a brand name of FXNet Limited — a Cypriot Investment Firm (CIF), which provides online trading services on forex and CFDs. They are authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC is the financial regulatory agency of Cyprus, and being an EU based agency, they also enforce the MiFID rules.
NessFX Review Summary
NessFX is a regulated broker, with a reasonable selection of trading instruments. They provide clients with the popular MT4 platform and offer a variety of account types and payment options.
It is worth mentioning that some of the trading products and services in this NessFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the NessFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.