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This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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NICOFX reviews

6/10 (votes 2374)

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On-line since: 2013
Country of origin: Cyprus
Regulation: Cyprus Securities and Exchange Commission (CySEC)
Payment options: credit cards, wire transfer, Skrill e-wallets
Minimum account size: from $100 to $10000
Minimum lot size: 0.01 lots
Leverage: up to 1:200
Spreads: from 0.9 to 2.6 pips

NICOFX is a European online broker regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 226/14. NICOFX was founded by professionals with over twenty years of experience in capital markets. NICOFX adheres to a strict policy, the company makes sure that all client’s funds are kept separately in reliable banks. The broker is committed to providing excellent customer support and intends to long term relationships with each client.

Objectives:

Enter the Top 10 fastest growing STP Forex brokers in the market.
Make NICOFX a reputable and reliable broker with an excellent customer service team

Company’s Services:

The broker offers currency, spot metals, oil and CFDs trading.

Trading conditions:

Clients can choose the type of account that suits their requirements: Standard, Premium and VIP. The broker also offers swap-free accounts for Muslims. To open an account with NicoFX, you need to deposit $100. The broker offers the MetaTrader4 Forex trading platform available on desktop, browser and mobile applications.

Feedback from traders:

Mostly, traders leave positive feedback, however some of them dissatisfied with the high spreads.

Support service:

The client can contact the support service by phone, e-mail or via live chat on the website. The broker`s website is available in several languages.

Advantages:

The company is regulated by the state
No commission
Choice of trading accounts

Disadvantages:

High spreads
No choice of trading platforms

Add your review

Comments about broker

Ezra trader

review NICOFX

05-01-22

They have a good trading cost, the execution is extremely fast and i never had any issues regarding the withdrawal. Every trading I made deposit more then $500 and i have got a profit about 30% to 45% from deposit amount that perform by very fast trading process. As their trader client I get many advantages such as round-the-clock technical support, narrow market spreads, quickest possible execution, and no slippages when trading actively. Nico Fx provides a reliable service from opening an account to withdrawals of earning. So, I found no reason to leave them.

JKCorden trader

review NICOFX

30-06-21

I am frustrated after lost $300 with UBK Markets. As they have rising spreads, slow execution and bad withdrawal service. I think these three things are very important for any trader. My orders slippages on the platform, even sometimes their spread goes high and when I tried to withdraw my profit then they cancelled the request. I can't make a profit on my granted profitable trade and till now i able to withdraw only around $50 through the Skrill account. I just left UBK Markets.

Yolanda trader

review NICOFX

21-04-21

With a hundred dollars, I was able to start my trading journey at NicoFX. Their trading environment is impressive. They have a stable platform with narrow spreads and their customer support team is highly responsive. So far, I haven't encountered any problem yet so that is great.

KS Helsa trader

review NICOFX

16-04-21

I made 2 withdrawals from this broker without any problem. NicoFx is one of the best broker in online now . I recommend it to all. Every trading bring me almost 50% profit with only $100 minimum deposit, I feel it is very affordable. And they have no cheating. I increased my funds to $450 now and so far my trades are doing better because their platform and charts are fair. Moreover, their server is very fast and 2 pips spreads on the major pairs. Nicofx s good broker with good opportunities.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

NICOFX reviews

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