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NSD Markets Review - Is it scam or safe?

NSD MArkets Review - is nsdmarkets.com scam or good forex broker?

RATING: 2 / 1 REVIEWS ForexBrokerz NSD Markets
NSD Markets is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average Spreds
Mini $10 0.01 1:400 3 pips on EUR/USD
Standard $100 0.01 1:200 2.5 pips on EUR/USD
Premium $5000 0.01 1:200 2.0 pips on EUR/USD
ECN Pro $1000 0.01 1:200 1.0 pips on EUR/USD
Fixed $5000 0.01 1:200 Fixed, 2 pips on EUR/USD

 

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.

 

Conclusion

 

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. To sum up the above, here are the advantages and drawbacks with regard to this broker:

 

Pros Cons
MT4 available   Not regulated
Low initial deposit required   High spreads on Standard & Micro account types
  No choice of trading platforms

 

Latest news about NSD Markets
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Traders` reviews for NSD Markets

Spread

Pros

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Slippage

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Requotes

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Price feed

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Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

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