NSD Markets Review
NSD Markets Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this NSD Markets Review.
NSD Markets Review
NSD Markets offers five basic account types. All of them are commission-free and provide the option to trade in micro lots. Maximum leverage offered varies by account type, the highest offered is 1:400, which is not unusual for the forex market (although it is considered high).
PAMM service is also available with this broker. This is an investment service, which provides the investors with the opportunity to earn without trading on the Forex market by themselves, and the managers – to get additional profits for the management of investors’ funds.
The broker offers both fixed and variable spreads, however a trader should deposit at least $1000 to be able to use competitive spreads, available on ECN Pro and Fixed accounts, as the ones provided on Mini and Standard accounts are above average (1.0 – 1.5 pips on EUR/USD). The problem is that NSD Markets is not regulated and $1000 is not a small amount of money.
The Company. Security of Funds
Company
Country
Regulation
NSD Markets Limited.
UAE
N/A
Dubai-based NSD Markets has been offering forex brokerage services since 2005. It provides online trading in currency pairs, various CFDs, as well as precious metals through the popular MetaTrader 4. As we have already mentioned, the broker is not regulated by any financial authority and we advise traders to avoid unregulated and offshore brokerages. The activity of such brokers is not supervised by any authority, so basically, they can do whatever they like – manipulate trading platforms, delete trades, deny withdrawals, etc.
if you intend to invest a large amount of money, you’d better select a forex broker licensed in UK, Cyprus, or US for instance, where regulation is strict and there are compensation schemes, which will protect your money if your broker becomes insolvent.
Trading Platform
NSD Markets utilizes the standard MetaTrader 4 (MT4), the preferred choice of most traders and that is why the majority of brokers support it. The platform offers all a trader needs: a number of built-in technical indicators, advanced charting tools, a wide range of Expert Advisors (EAs) and extensive EA back-testing options.
With NSD Markets MT4 is available as desktop and mobile versions. Besides, clients of this broker are able to use Margin and Pip Value Calculators.
Methods of Payment
The following payment modes are available to clients of NSD Markets: Credit/debit cards (Visa, MasterCard), bank wire transfer, Skrill, Neteller, Perfect Money, PayPal, WebMoney, ukash, Western Union and Bitcoin.
NSD Markets is a FX and CFD broker that claims to have more than 10 years of experience in the industry and to offer true ECN environment through the MT4 platform. Our main concern with NSD Markets is that is not regulated.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
NSD Markets Review Conclusion
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