Nessfx General Information
| ๐ค Broker Name : | Nessfx |
|---|---|
| ๐ฃ Company Name : | FxNet Limited |
| ๐ Foundation Year : | 2016 |
| โ Regulated by : | CySEC |
| ๐ข Headquarters : | Cyprus |
| ๐ Broker Type : | STP |
๐ต Nessfx Minimum Deposit : | 200 USD |
| ๐น Maximum Leverage : | 1:200 |
| ๐ฑ Base Currency : | EUR, USD, GBP |
Our Nessfx Review
NESSfx review 2020 โ A Simple Guide
SFX is a Contract for Difference (CFD) broker. It is a subsidiary of the Fxnet Ltd, which is registered by the Cyprus Securities and Exchange Commission (CySEC). FXNET Ltd also manages a number of other brokerage firms, namely, +NetMarkets, FxNet, and Rynki, which offer slightly different offers compared to NESSfx.
By being a CFD broker, NESSfx offers currency pair CDFs, Commodity CFDs, Indices CFDs, Shares CFDs, Bonds CFDs, and Cryptocurrency CFDs.
XTB Summary
Broker name: NESSfx
Official webpage: https://nessfx.com
Regulation: CySec
Headquarters: 4 Theklas Lysioti St, Harmony House Office 31, 3rd Floor, 3030 Limassol, Cyprus
Minimum initial deposit: $500
Demo account: Yes
Tradable assets: Forex, Indices, Bonds, Shares, Commodities, and Cryptocurrencies
Max Leverage: 1:500
Trading platforms: MT4
Order Execution: Market Execution
Mobile Trading platforms: Yes
Fixed Spreads: NO
Spreads: Micro Account from 2.3 pips, Premium account from 1.9 pips and Platinum account from 0
Deposit methods: Credit Card, Neteller, Wire Transfer, iDeal, and Przelewy
Withdrawal Methods: Credit Card, Neteller, Wire Transfer, iDeal, and Przelewy
XTB Regulation
NESSfx is a regulated broker. It is managed by FXNET Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC). Its License number is 182/12, and its certificate of incorporation is 300624.
Account Opening
To open an account with NESSfx, you require to go through three simple steps:
- Fill in the registration form online on their official website, after which you shall receive an SMS/Email containing your PIN the Members area.
- Fill in the Appropriateness Test and complete the registration process from the Secure Members Area.
- Choose the type of account that you want to open and the base currency that you want to use.
- Deposit Funds to your account.
- Then attach some documents for identification and verification. The documents required include proof of Identity, a Proof of Residence, and proof of deposit. The proof of deposit will depend on the type of deposit method that you have chosen to use.
Account Types
NESSfx Broker offers a demo account and four types of live trading accounts, which traders can choose during their registration process; the Micro account, the Premium Account, the Platinum Account, and the Islamic Account. The main difference is the initial deposit, spreads, and customer support services.
The Micro Account
This account requires a minimum deposit of $500, and it has spreads starting from 2.3 pips. It has swaps in the form of points, but it has no commissions.
The maximum Leverage is 1:500.
A trader with a Micro account can have a maximum of 200 orders running at the same time.
Scalping and hedging are allowed.
The disadvantage with this account type is that traders do not enjoy the 24 hours Brokerage Support.
The Premium Account
This account requires a minimum deposit of $2,000, and it has spreads starting from 1.9 pips. It has swaps in form of points, but it has no commissions.
The maximum Leverage is 1:500.
A trader with a Micro account can have a maximum of 200 orders running at the same time.
Scalping and hedging are allowed.
Contrary to the Micro account, Traders with a Premium account enjoy the 24 hours Brokerage Support.
The Platinum Account
This account is normally for elite traders. It requires a minimum deposit of $20,000, and it has spreads starting from 0 pips. It has swapped in form of points and commissions.
The maximum Leverage is 1:500.
A trader with a Micro account can have a maximum of 200 orders running at the same time.
Scalping and hedging are allowed.
Contrary to the Micro account, Traders with a Premium account enjoy the 24 hours Brokerage Support.
The Islamic Account
This account is normally set to allow Muslims to trade.
This account is similar to the Micro account.
Trading Platforms
NESSfx uses the MetaTrader4 platform for its web trading, mobile trading and also desktop trading.
Conclusion
NESSfx is a regulated broker that offers user-friendly Forex, Indices, Bonds, Shares, Commodities, and Cryptocurrencies trading services.
Other than the high initial deposit, the broker has some of the best CFD brokerage services.
Trading Preference
| ๐ฐ Minimum Spreads : | 1.2 Pips |
|---|---|
| ๐ฎ Demo Account : | |
| ๐ Mini Account : | |
| โจ VIP Account : | |
| ๐ Segregated Account : | |
| โช๏ธ Islamic Account : | |
| ๐ Managed Account : |
Payment Options
| ๐ณ Deposit Methods : | Credit Cards, Skrill, Neteller, Wire transfer |
|---|---|
| ๐ณ Withdrawal Methods : | Credit Cards, Skrill, Neteller, Wire transfer |
Trading Features
| ๐ Trading Platforms : | MetaTrader4 |
|---|---|
| ๐ฐ Fixed Spreads : | 1.2 Pips |
| ๐ Hedging : | |
| ๐ Scalping : | |
| ๐ฑ Mobile Trading : | |
| ๐ป Web Trading : | |
| ๐ฐ Trading News : |
Promotion
| ๐ No Deposit Bonus : | |
|---|---|
| ๐ Deposit Bonus : | |
| ๐ Other's Promotion : |
Get Latest Nessfx Promotion
Contact Information
| ๐ Website : | |
|---|---|
| ๐ง E-mail : | [email protected] |
| โ๏ธ Telephone : | +357 25 022 870 |
| ๐ฎ Address : | 4 Theklas Lysioti St, Harmony House, Office 31, 3rd Floor, 3030 Limassol, Cyprus |
The company is, to put it mildly, a bunch of scammers. They have a very aggressive marketing policy. The scheme is the usual! You start trading, then they start calling to explain how you need to add more funds. You are transferred from broker to broker, and finally comes the broker, who explains to you that they are probably doing you a favor. And so came the moment when all my orders were closed. The reason why they told me that this happened was that the account fell into the risk zone ๐ a definition that was not explained to me. My personal opinion about this company is that not investing in them will surely waste your time and money.