A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of NSBroker consists of four parts: general info, fees, deposit methods and security.
NSBroker is a trading platform from Malta that has been active since 2011. It is owned by the Maltese company NSFX Ltd.
The platform has for a long time been operating with other asset types than cryptocurrencies; forex, precious metals, share indices and energy carriers, but it now also supports cryptocurrency trading.
On its website, NSBroker lists a number of different reasons for why you should choose them as your trading platform. These include the fact that the platform is regulated under the MFSA in Malta, that it seeks to be an innovative trading experience, that the client funds are segregated and that it has "pure ECN", meaning that it employs the Electronic Communication Network technology.
NSBroker also has 24/7 support in 10 different languages, which is naturally beneficial to any prospective user. Moreover, they state on its website that 99.9% of the orders placed on this platform are executed within 11.06 milliseconds. If that's not fast enough for you, what is?
Overall, we think that the general impression of this platform is that it is solid, secure and reliable.
NSBroker does not allow US-investors on its exchange. But if you’re from the US and you’re looking for an exchange that is just right for you, don’t worry. Use our Exchange Filters to find a trading platform accepting US-investors.
NSBroker Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you.
At NSBroker, the trading takes place through the so called MetaTrader 5 Platform, developed by MetaQuotes Software Corporation in 2000.
NSBroker also offers crypto derivatives trading. You can not trade futures here (i.e. derivatives with a pre-defined expiry date), but perpetuals is possible. You can get leveraged with maximum 20x, both when going long and going short. For some of the platform's other asset types, higher leverage levels are possible (up to 50x for retail clients and up to 100x for professional clients).
Leveraged derivatives trading can lead to massive returns but – on the contrary – also to massive losses. For instance, let’s say that you have 10,000 USD on your trading account and bet 100 USD on BTC going long (i.e., increasing in value). You do so with 100x leverage. If BTC then increases in value with 10%, if you had only bet 100 USD, you would have earned 10 USD. As you bet 100 USD with 100x leverage, you have instead earned an additional 1,000 USD (990 USD more than if you had not leveraged your deal). On the other hand, if BTC decreases in value with 10%, you have lost 1,000 USD (990 USD more than if you had not leveraged your deal). So, as you might imagine, there is potential for huge upside but also for huge downside…
NSBroker Trading fees
To start off with here, it is worth pointing out clearly that you cannot buy crypto from NSBroker. You can only trade crypto.
The trading fees when trading crypto-to-crypto is 0.05%. This fee is difficult to compare to other centralized exchanges, seeing as NSBroker mainly focuses on derivatives. Compared with crypto derivatives exchanges however, 0.05% is quite in line with industry standard.
NSBroker Withdrawal fees
This exchange does not charge any withdrawal fees themselves. However, as always, there are network fees involved when making a transaction. This means that the only fee you need to be concerned with when withdrawing from this platform, is the network fees paid to the miner. This withdrawal fee, or rather lack of withdrawal fee, is below the industry average and very competitive.
Overall, the fee level here is perfectly fine.
NSBroker accepts deposits through both wire transfer and credit cards. Many crypto investors view this as very positive of course. Seeing as NSBroker accepts deposits of fiat currency, the exchange qualifies as a so called “entry-level exchange”, at which new crypto investors can take their first steps into the exciting crypto world. You can however not deposit crypto from another exchange or wallet into your account with NSBroker.