Score
NTFX
Cyprus|5-10 years| http://ntfxpro.com/
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Licenses
Single Core
1G
40G
Contact number
+357 25-281-889
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Broker Information
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NTFX Capital Ltd
NTFX
Cyprus
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- CyprusCYSEC (license number: 280/15) The regulatory status is abnormal, the official regulatory status is Unsubscribed. Please be aware of the risk!
WikiFX Verification
Cyprus| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 5000 EUR/USD/GBP |
| Minimum Spread | from 1.0 |
| Products | Forex |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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NTFX · Company Summary
NTFX Information
NTFX has the advantage of supporting the use of premium trading platforms such as MT4, but the biggest drawback at present is that it is unregulated and its regulatory information is out of date. As a result, the safety of investors' funds may not be guaranteed.
Pros and Cons
| Pros | Cons |
| Premium trading platform | Unavailable website |
| Multiple deposit and withdrawal methods | Lack of transparency |
| Regulatory concerns | |
| Less trading instruments | |
| High entry threshold | |
| Poor customer service |
Is NTFX Legit？
NTFX is not a legal broker and its declared regulatory status under Cyprus CYSEC (regulator No. 280/15) is abnormal and the regulator has declared the status to be deregoed. As a result, it is currently not regulated by any financial regulator, which exposes investors to a high risk of fraud and loss of funds.
Investors are not advised to trade with it. Please protect the safety of personal funds.
 | Cyprus Securities and Exchange Commission (CYSEC) |
| Current Status | Unsubscribed |
| Regulated by | Cyprus |
| License Type | Marketing Making(MM) |
| License No. | 280/15 |
| Licensed Institution | NTFX Capital Ltd |
What Can I Trade on NTFX
The financial instruments offered by NTFX are mainly Forex currency pairs and CFDs.
NTFX offers fewer asset classes for trading than most other brokers.
| Tradable Instruments | Supported |
| Forex currency pairs | ✔ |
| CFDs | ✔ |
| Stocks | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| ETF | ❌ |
| Fetures | ❌ |
| Bonds | ❌ |
Account Type
As far as is known, NTFX offers a classic account with a minimum initial deposit of $5,000. 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.
NTFX Fees
NTFX Spreads
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, IOS, Android | Novice trader |
Deposit and Withdrawal
NTFX supports traders to deposit and withdraw funds to and from their accounts via credit card, debit card, Neteller, WebMoney, and wire transfer.
| Deposit Options |
| Credit card |
| Debit card |
| Neteller |
| WebMoney |
| Wire transfer |
Customer Service
You can contact the broker at +357 25-281-889 and email info@ntfxpro.com for customer service.
| Contact Options | Details |
| Phone | +357 25-281-889 |
| info@ntfxpro.com |
The Bottom Line
NTFX has the advantage of supporting the use of premium trading platforms such as MT4, but the biggest drawback at present is that it is unregulated and its regulatory information is out of date. As a result, the safety of investors' funds may not be guaranteed. It may be acceptable for investors with high risk tolerance, but it is not recommended for investors to choose NTFX.
FAQs
Is NTFX safe？
No, it's not safe. NTFX exposes too many shortcomings, and is also exposed and condemned by users, enough to show that the information provided by brokers is false and unsafe.
Is NTFX good for beginners？
No, it's not suitable. Novice risk-bearing ability is relatively small, and NTFX has more problems, its risk coefficient is large. In addition, the high minimum deposit threshold is another drawback of NTFX and may turn away many small investors.
Is NTFX good for day trading？
NTFX is not suitable for day trading. Day trading has high-security requirements, and NTFX is in an unregulated state, which increases trading risk for investors.
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