Since its launch in 2013, NICOFX, an online retail broker, has been offering unhindered access to the global financial markets. They provide traders with the MT4 platform for trading various financial instruments, such as forex, spot metals, CFDs, and more. The broker operates the STP execution model, which offers access to the interbank markets. Their clients enjoy access to various competitive trading conditions, including zero commission, multiple account options, ESMA leverage, pips from 0.9 pips, and more. The minimum deposit required to start trading is $100.
NICOFX Review Introduction
In this NICOFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including NICOFX.
NICOFX Platforms & Tools
NICOFX provides traders with the MetaTrader 4 trading platform. It was created by MetaQuotes Software in 2005 and is now the world’s most popular online forex trading platform. The platform has extended functionalities and continued global popularity among both brokers and traders. The NICOFX MetaTrader 4 platform is designed for all styles of traders. Whether you prefer to trade using automated algorithms, technical indicators, or fundamental analysis, MetaTrader 4 provides you a streamlined and focused trading experience.
The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS devices. The mobile app allows traders to place trades and check trading while on the go if there is an internet connection.
NICOFX Research & Education
The broker’s website is replete with various educational resources that are designed to help traders make informed trading decisions. These learning resources include learning articles, trading guides, news, and an FAQ section that answers some of the clients’ most common questions.
NICOFX Trading Accounts
The following live trading account options are available at NICOFX: Standard, Premium, and VIP accounts. The minimum deposits range from $100 to $10,000.
NICOFX Account Funding
The broker allows traders to deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Bank Wire Transfer
- Credit Card: Visa, Mastercard, Visa Electron
- Online Payment Processors: Neteller, Skrill, and more
NICOFX Customer Service
All clients’ general, technical, and account-based inquiries are sent to a knowledgeable client support team can be reached via any of the following contact channels: telephone, email, fax, or by visiting their office address in Limassol.
NICOFX is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with the license number 226/14. NICOFX is also registered with the Financial Conduct Authority (FCA, UK) under reference number 672844 and Federal Financial Supervisory Authority (BaFin, GER) with registration ID 142143.
NICOFX Review Summary
Based in Cyprus, NICOFX is an online trading broker that allows traders to buy and sell various financial assets using the MT4 trading platform, which is available in desktop, web, and mobile versions. In addition, there are various learning resources and a professional customer support team to assist traders. The broker’s clients enjoy access to various competitive trading conditions to help traders get the most out of their trades. The minimum deposit required to start trading is $100. The broker is regulated in multiple jurisdictions: CySEC, FCA, and BaFIN.
It is worth mentioning that some of the trading products and services in this NICOFX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the NICOFX broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.