Our note:
NessFX was launched on the market quite recently, in 2012, and is now one of the most popular Forex brokers. NessFX is both a profitable and secure operator, with a social trading platform in the spotlight. What are the conditions applied by this broker? And is it really a trusted broker? Here is our complete NessFX test:
A first minimum deposit of 200 €
Like most Forex brokers, NessFX offers different account types. For example, with a minimum initial deposit of €200, it is possible to open a Micro account on the portal. 2,000 for a Classic account, €10,000 for the Premium and, from a deposit of €50,000, the trader can access the Platinium offer, with all the associated privileges.
In any case, all NessFX members enjoy various benefits. The Micro account provides access to beginner training courses and social trading tools. At the time of registration, new traders at NessFX can also get started with a demo account, which allows them to practice with fictitious money, without risk.
Various supports for beginners
Already with the Micro account and the demo account, NessFX makes it much easier for novices to get started. As a bonus, they benefit from a “Beginners Pack”, which allows withdrawals in 5 days and offers full access to the learning centre.
In order to guide all new traders, NessFX offers a trading academy with training videos, educational e-books and regular webinars.
In the course of their transactions, portal members can also use social trading tools and refer to the investments of the best traders. They can also be assisted by the broker’s customer service, which is available in more than 15 languages.
Discover the NessFX Trading Academy
Assets, spreads and leverage
NessFX specializes mainly in Forex trading and offers approximately 47 currency pairs. In addition, CFDs or Contracts for Difference are traded on equities, commodities, metals and stock indices. The broker applies spreads that are far from being tight compared to other offers in the market.
With a Classic account, the spread applied is far from being the most competitive for the EUR/USD pair with 2.6 pips, but it can reach 1.8 pips with the Planitium account. NessFX also offers leveraged trades, up to 1:200, with margin requirements of 0.5%.
Safe and secure transactions
Although NessFX allows for leveraged trades, NessFX encourages traders to remain cautious. The risks associated with trading are transparently disclosed on the site and, as a bonus, the broker also applies protection against a negative balance. This feature allows positions to be closed automatically when the trader’s balance reaches zero.
Thus, there is no risk of falling into debt. It should also be noted that NessFX has introduced various security measures. For example, data is protected by means of an encryption system. The broker applies the system of account separation to guarantee good solvency for the traders.
 
Multi-support platforms
As far as trading platforms are concerned, NessFX provides traders with comprehensive tools. In particular, beginners and intermediate levels will be very comfortable with the Sirix platform, which is very fluid yet well equipped.
Advanced levels will be able to use the sophisticated tools of the Metatrader 4, available for Windows and Mac. In any case, NessFX members can trade anywhere using the mobile versions of these platforms.
With the Sirix Nomad, there is no download required. You just need to connect to your tablet, phone or computer to open positions and follow the evolution of your trades.
NessFX is also a broker that specializes in social trading just like eToro. Its platform offers you the ability to track and copy traders with the best performance. But beware, this system is not a guarantee of profit, take it into account if you want to get into copy trading.
Regulation on the European market
What is most reassuring with NessFX is that the broker is not a scam. In fact, it belongs to the Lionsman Capital Markets Ltd group, which also manages the binary option leader OptionWeb.
It thus operates in full compliance with European regulations, in particular the MiFID financial instruments directive, as well as the rules imposed by the Autorité des Marchés Financiers AMF and the Banque de United Kingdom. NessFX is also licensed by CySEC, which is the supervisory authority in Cyprus. Traders can therefore launch themselves safely on the portal.