Forex Brokers

NESSFX

NESSfx is owned and operated by FxNet Limited, a Forex and CFD Broker-Broker authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) (license...

NESSfx is owned and operated by FxNet Limited, a Forex and CFD Broker-Broker authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) (license number 182/12).

Security Analysis

NESSfx holds an STP license authorized by CySEC in Cyprus. The regulatory agency has strict supervision on retail foreign exchange business, so the security is guaranteed to a certain extent. NESSfx does not seem to have a detailed introduction on stock trading commissions, and all deposits and withdrawals in NESSfx will be charged a handling fee. Therefore, investors should consider carefully when choosing this platform.

Main business

NESSfx provides investors with a wide range of financial trading products, mainly foreign exchange (more than 45 currency pairs), precious metals, commodities, stocks, indices and bonds.

Leverage & Account

In order to meet the investment needs and trading experience of different investors, NESSfx provides three types of accounts: Micro Account (minimum deposit of $500), Preferred Account (minimum of deposit of $2,000), Platinum Account (minimum of deposit of $20,000) . Trading leverage set for retail investors: 1:30 leverage for major currency pairs, 1:20 leverage for minor currency pairs, gold and major indices, and 1 leverage for commodities other than gold and minor stock indices: 10. The leverage of stocks and other products is 1:5. The maximum leverage set for professional traders is 1:500.

Spread & Commission Fees

The minimum spread on the Micro Account is 2.3 pips on EURUSD, 2.5 pips on GBPUSD, 4.2 pips on Gold and 4.8 pips on Silver. The minimum spread on the Preferred Account is 1.8 pips on EURUSD, 2.1 pips on GBPUSD, 3.4 pips on Gold and 4.0 pips on Silver.

The minimum spread on the Platinum account is 0.0 pips on EURUSD, 0.0 pips on GBPUSD, 3.3 pips on Gold and 4.0 pips on Silver. There is no handling fee for foreign exchange transactions in the micro account and the preferred account, and a certain transaction commission is charged for the platinum account. The minimum spread for U.S. crude oil is 1.3 points, and the minimum spread for natural gas is 1.6 points.

Trading Platform

NESSfx provides traders with a professional foreign exchange and CFD platform - MT4 trading platform. The platform provides traders with an easy access to the most active financial markets, traders can conduct flexible and customized trading through a user-friendly interface, and can use a variety of dynamic trading and analysis tools. The MT4 trading platform is available for desktop, iPhone, iPad, and mobile apps can be downloaded.

Deposits

NESSfx supports a variety of deposit and withdrawal methods, mainly VISA, MasterCard (supports EUR, USD, Polish currency, and Czech Koruna, and charges up to 3% for deposits and withdrawals), Przelewy (supports Polish currency, deposit gold Charge 1.9% handling fee, the bank may charge a certain fee for withdrawal), NETELLER (supports EUR, USD, PLN and CZK, 3.9% for deposit, minimum 1 USD handling fee, 2% for withdrawal, minimum 1 USD, up to a handling fee of 30 USD), wire transfer (supports EUR, USD, Polish currency, and CZK, and deposits and withdrawals are subject to a maximum 3% handling fee), iDeal (supports EUR, and requires a 3.15% deposit fee) fee, a 1% handling fee will be charged for withdrawals).

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