No sign that NSFX actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

Withdrawal complaints in ~75% of recent reviews

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	68	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	30	12%
Offshore registration	45	8%
Transparency (site/info/social)	0	10%
Real-user sentiment	50	8%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameAlchemy Markets Ltd

Headquarters Malta

Founded2017-09-11

Years operating5-10 years

Employees0

Official websitewww.nsfx.com

Trading conditions

Avg execution speed0 ms

Avg slippage0

Swap rating—

Trading cost rating—

Monitored traders0

Monitored orders0

Funding & instruments

Deposit methods—

Withdrawal methods—

Instruments—

Registered address

Suite 124, Signature Portomaso, Vjal Portomaso, San Giljan, PTM01, Malta

Regulation & licenses · 1

Regulator	License type	License No.	Region	Status
MFSA	Market Making (MM)	C 56519	Malta	—

Full reviewIn-depth editorial analysis

Review analysis AI

Rating mismatch — Industry-tracker scores run far lower than real users do (gap -2.02)

NSFX is a Malta-registered broker with an MFSA licence, but the licence status is unverifiable, raising questions about its regulatory standing. The broker's website claims a founding in 2004 while public records show 2017, adding to the opaqueness. Without independent user reviews or a clear regulatory history, traders should approach with caution and conduct personalised due diligence.

Best for

Traders seeking an MFSA-regulated broker
Users interested in the Jforex proprietary platform
Retail forex traders with moderate experience

Not for

Risk-averse investors requiring full regulatory clarity
Traders needing a wide range of asset classes beyond forex and CFDs
Beginners looking for transparent fee structures and educational resources

Period:

What users complain about

What users praise

Where reviewers are from

Hong Kong1

India1

Singapore1

Argentina1

Real user reviews

Where NSFX operates

Active across 5 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇳🇴 Norway

🇸🇦 Saudi Arabia

🇻🇳 Vietnam

🇮🇱 Israel

🇪🇬 Egypt

🇲🇹 Malta Licensed

🇭🇰 Hong Kong 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What NSFX says about itself as stated by the broker · not independently verified by FXCanary

Regulation and Licensing

NSFX states on its Regulation page that it is an MFSA / MiFID Regulated and Approved Forex Broker. The firm claims to operate under the oversight of the Malta Financial Services Authority and complies with EU MiFID directives.

Account Types

The Accounts page presents three account offerings: ECN, Fixed Spread, and Jforex. NSFX markets these as tailored for different trading styles, with the ECN account providing direct market access and the Fixed Spread account offering predictable costs. The Jforex account is linked to the proprietary platform.

Products and Markets

According to the Markets page, NSFX provides trading in forex pairs, commodities, indices, and CFDs. The firm claims to offer a wide range of instruments to suit various strategies, including major and minor currency pairs, precious metals, energy commodities, and stock indices.

Trading Platforms

NSFX's Platforms page states that it offers best forex trading platforms, including the proprietary Jforex platform. The firm also mentions support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) in its marketing, though specific platform features are detailed on the website.

Margin and Leverage

The Margin Requirements page explains that all forex contracts are traded on margin, providing leverage to magnify potential profits. NSFX outlines the margin required before execution and advises depositing additional funds to cover potential losses. Specific leverage levels are not explicitly stated on the page.

About NSFX

Company Background

NSFX is a forex and CFD broker registered in Malta, with its official domain nsfx.com. The company was founded on 11 September 2017, according to public records, though its website claims a founding date of 2004. This discrepancy raises a note of caution for traders verifying the broker's history.

The broker is headquartered at Suite 124, Signature Portomaso, Vjal Portomaso, San Giljan, PTM01, Malta. It maintains a social media presence on Facebook, LinkedIn, and YouTube, indicating some level of public engagement.

Regulatory Status

NSFX is regulated by the Malta Financial Services Authority (MFSA), as confirmed by the known facts. However, the MFSA licence status on file is marked as '—', meaning no active status is recorded in the public register. This is a significant gap that traders should investigate further.

The broker's website claims MiFID compliance, but without a verifiable licence status, the actual regulatory oversight remains unclear. FXCanary recommends that traders independently check the MFSA register for the most current information.

Account Offerings

Based on the official website, NSFX offers three main account types: ECN, Fixed Spread, and Jforex. The ECN account is designed for experienced traders seeking direct market access with variable spreads, while the Fixed Spread account provides predictable trading costs suitable for beginners. The Jforex account is tied to the broker's proprietary platform.

Detailed information on minimum deposits, spreads, and commissions is not readily available on the public-facing pages. Traders would need to consult the broker directly or sign up to access specific account terms. The absence of transparent pricing is a common concern for prospective clients.

Trading Platforms and Instruments

NSFX promotes its proprietary Jforex platform alongside industry staples like MetaTrader 4 and MetaTrader 5. The broker claims to offer a robust trading environment with advanced charting tools and automated trading capabilities. The platform options cater to both manual and algorithmic traders.

The range of tradable instruments includes forex pairs, commodities (such as gold and oil), indices, and CFDs. This selection is standard for retail brokers but may not satisfy traders seeking a broader asset library, such as individual stocks or cryptocurrencies. The broker's product page lists these offerings, though real-time pricing is available via a dedicated live quotes page.

Funding and Support

While specific funding methods are not detailed in the web results, NSFX likely supports standard payment options such as bank wire, credit/debit cards, and e-wallets, given its target retail audience. Customer support is available through live chat on the website, and the broker provides multi-language support including English, Arabic, French, and German.

The broker's website includes login and registration portals, suggesting a streamlined account opening process. However, without independent user reviews, the quality of customer service and withdrawal efficiency remains unverified.

Target Audience and Positioning

NSFX markets itself as a broker 'For Professionals By Professionals' and emphasizes innovation in trading. Its product mix and platform choices suggest it is aimed at retail forex and CFD traders with some experience. The broker's regulatory claims may appeal to traders in the European Union seeking a licensed counterpart.

However, the unclear regulatory status and limited public track record make it a less suitable choice for risk-averse investors. Traders should weigh the broker's marketing against the lack of independent verification before committing funds.

Risk Considerations

FXCanary's Scam Risk Score for NSFX is 38 out of 100, placing it in the 'Guarded' category. This score reflects the broker's opaque regulatory standing and the absence of user reviews. While no direct evidence of fraud exists, the ambiguity surrounding its licence and history warrants caution.

Traders should be aware that leveraged forex and CFD trading carries high risk and may result in losses exceeding deposits. It is essential to conduct thorough due diligence, including verifying the MFSA licence independently and starting with a small deposit if proceeding.

Overview compiled by FXCanary from regulatory records and public data. full NSFX review