General Information & Regulation
NTFX is a Cypriot registered online Forex and CFD broker, established in 2016, whose CySEC regulated license in Cyprus was verified as canceled, meaning that NTFX is currently an unregulated broker.
Market Instruments
The financial instruments offered by NTFX are mainly Forex currency pairs and CFDs. NTFX offers fewer asset classes for trading than most other dealers.
Accounts & Leverage
As far as is known, NTFX offers a classic account with a minimum initial deposit of $5,000. Needless to say, the minimum initial deposit amount set by NTFX is too high, as most regular brokers offer initial deposits of between $100 and $200. Moreover, NTFX offers maximum leverage of 1:500 for EURUSD and 1:20 for CFDs.
Spreads & Commissions
NTFX Classic accounts offer a minimum spread of 1 pip on EURUSD and an average spread of 1.3 pips, which is more in line with industry standards but not competitive.
Trading Platform
NTFX offers investors the most popular MT4 trading platform available today. MT4 features advanced technical analysis tools, flexible trading systems, algorithmic trading and expert advisors, and mobile trading apps that offer different trading strategies for traders of all skill sets.
Deposit & Withdrawal
NTFX supports traders to deposit and withdraw funds to and from their accounts via credit card, debit card, Neteller, WebMoney, and wire transfer.
NTFX Cons
NTFX Disadvantages Include:
1. No regulation
2. Limited tradeable assets
3. High minimum initial deposit amount
4. Uncompetitive spreads
5. Limited deposit and withdrawal options