Forex education and review site FxExplained added NS Broker to its selection of reviewed Forex/CFD trading sites.
NS Broker is a regulated online brokerage operating out of Malta. The possessor of an MFSA license, NSBroker is fully MiFID-compliant. As such, it can legally accept traders from all over the European Economic Area.
According to FxExplained editor James West, the addition of the broker to FxExplained’s list of reviewed online Forex operations was the result of careful deliberation. Eventually, two factors pushed decision-makers to commit to the review.
- NS Broker’s regulatory profile may not be the most prominent in the business. It is, however, a solid one. In addition to its MFSA license, the broker has gone to great lengths to register the operation with several European regulatory bodies.
- Unlike some of its competitors, NSBroker offers pure ECN services. Such services hand considerable advantages to traders. ECN execution is inherently fairer, as it eliminates the broker as a market maker.
An ECN broker like NS Broker is a non-dealing desk broker. Such a broker cannot trade against its clients. It merely matches market participants through its Electronic Communication Network. It passes orders directly to liquidity providers.
According to FxExplained representatives, market-making brokers have earned a bad reputation among traders. Market making is an allegation often reflected in complaints posted at community forums and Forex feedback portals.
“This is one of the reasons why we concluded that our readers would appreciate NS Broker’s presence on our pages,” said James West, the editor tasked with researching and writing the review.
NS Broker is a breath of fresh air in a world plagued by widespread fraud and distrust. For now, the reputation of the broker is incredibly positive as well. All this makes NS Broker a potentially mouth-watering entree for FxExplained’s readers.