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NessFX Review & User Rating 2021

NESSFX 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). By being a CFD broker, NESSfx offers currency pair CDFs, Commodity, Indices, Shares, Bonds, and Cryptocurrency.

NessFX
Regulated by : CySEC
Min. Deposit : 200 USD
Max. Leverage : 1:200
Headquarters : Cyprus
nessfx review

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FXNET Ltd also manages a number of other brokerage firms, namely, +NetMarkets, FxNet, and Rynki, which offer slightly different offers compared to NESSfx.

NessFX 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.

nessfx

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.

NessFx Accounts 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.

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