NESSfx Review - What to expect from the broker

NESSfx is a CFD broker that features on its trading platform CFDs on Currencies, Commodities, Indices, Shares, Bonds, Cryptocurrencies. NESSfx is a subsidiary company of Fxnet Ltd, a corporation that is regulated in Cyprus by the CySEC. The company also runs three other brokerage companies with just a slightly different offer - FxNet, Rynki + NetMarkets. The minimum spread is for EUR/USD 2.3 pips*, real trading is possible with the minimum deposit of $500. The NESSfx website is available in English and Polish.

What do we cover in our NESSfx Review?

General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

Website address: www.NESSfx.com
Leverage: up to 1:30
Instruments: CFDs - Currencies (51), Commodities (14), Indices (16), Shares (116), Bonds (3), Cryptocurrencies (4)
Minimum deposit: $500 (accounts held in USD, EUR, PLN)
Demo account: Yes, free of charge
Methods of deposit and withdrawal: Neteller, wire transfer, Visa and Master cards, Przelewy24

NESSfx Trading Platform

For FX and CFD trading, NESSfx offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The trading platform gives access to nearly 200 trading instruments.

NESSfx Spreads

As any other CFD broker, NESSfx charges a spread fee. For the most current spread charges, please visit the NESSfx.com website. Here is a spread comparison table that contrasts NESSfx spreads with popular industry competitors.

Asset	EUR/USD	USD/JPY	GBP/USD	AUD/USD
NESSfx*	2.3	2.4	2.5	2.4
Pepperstone**	1.0	1.0	1.0	1.0
eToro**	1.0	1.0	2.0	1.0

*Minimum spreads recorded on 24.06.2019 at 7:37 GMT for the standard account. Data were taken from the website of the broker. **Minimum Spreads recorded on 18.8.2023 at 11:26 GMT from the website of the broker.

Advantages and disadvantages

Every Broker has its pros and cons, let's have a look at the ones that elevate & denounce NESSfx.

To sum up the NESSfx Review

The broker offers a decent number of forex pairs, spreads that apply on these currency pairs are average for the FX industry. If you decide to trade at NESSfx, make sure that you are aware of all fees that might be charged to you when using a certain payment method (For credit/debit cards there is up to 3% fee when you make a deposit + up to 3% fee when you make a withdrawal).

Your review can make a difference to other traders, please leave a comment if you have any personal experience with NESSfx.

Michael Kuchar

Author of the article

Hi, I'm Michael and my area of expertise is Forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and use a combination of fundamental and technical analysis to anticipate potential market movements. My current main interest lies in cryptocurrencies, especially in Ethereum and decentralized applications.

See my latests posts

5 comments

Simony Barreto Ribeiro

October 23, 2019 AT 17:01 / reply

NessFX is a fucking scam! The tok all money from my husband?

Michael

October 25, 2019 AT 17:08 / reply

Hello, I am really sorry to hear that. What happend?

Cabry

December 28, 2019 AT 05:11 / reply

I am afraid Nessfx took all my money too. Constantly they asked me to deposited more saving money so they could buy trades and downgrade the risk. The last week in December the office was closed they said. I watched on Metatrader and the profits were good but they asked me not to close orders till our contact on 30 December 2019. Yesterday evening I looked again and all the trades were closed. Therefore I looked at my Nessfx account and there was 0 Euro on it. I did send an email to the backoffice and my contactperson what happened with my money (17.000 Euro)! Do you know what else I can do? I am freaking and I am pissed off! How could I be so stupid!

Michael

December 28, 2019 AT 08:44 / reply

Hello Cabry, I am very sorry to hear your bad experience. Did NeSSfx told what trades to open? Or did they open them for you? I am trying to think of way, how to get your fund back. If there is a way, I will try to point you in the right direction. Regards, Michael

Igor

August 05, 2020 AT 07:44 / reply

I reported NESSFX and their owner FXNET LTd to police. This is bunch of people who wants to steal your money orginized from Serbia, Cyprus, UAE and who know where else. They do not follow laws; they offered me trading even FXNET ltd does not have notification aka permit for doing financial bussines in my country. Cyprus national regulator alreday fines them twice for violations. Keep you money as far as possible from this ‘experts’.