NicoFX Review 2021

NicoFX facilitates trading in forex and precious metals under CySEC regulation.

NicoFX is a multiple award-winning broker that offers traders Forex, Metals. NicoFX allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, NicoFX has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.

NicoFX is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

NicoFX Summary

NicoFX facilitates trading in forex and precious metals under CySEC regulation.

Ratings

50%
Trust
16%
Instruments
71%
Features
BonusNone
InstrumentsForex, Metals
Demo Account
Min. Deposit$100
Min. Trade0.01 lots
Regulated ByCySEC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading Yes (EAs)
Trade Signals
Social Trading
Copy Trading
Islamic Account

Forex Trading

Start trading a long list of leading currencies with up to 1:30 leverage.

GBPUSD SpreadFrom 0.9
EURUSD SpreadFrom 0.9
EURGBP SpreadFrom 0.9
Assets38

Payment Methods

NicoFX accepts the following payment methods:

  • Mastercard
  • Visa
  • UnionPay
  • Credit Card
  • Skrill
  • Wire Transfer

Awards

NicoFX is a multiple award-winning broker, with 2 awards received so far.

  • Fastest Growing European STP Broker 2016 - Global Banking & Finance Awards
  • Best STP Broker 2016 - MENA Awards
Risk Warning – Your capital is at risk

FAQ

Is NicoFX Safe?

Yes, most likely, as we gave NicoFX a trust score of 50% in our review. The main negative factor in this score is that NicoFX is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does NicoFX Accept PayPal?

No, NicoFX does not accept PayPal payments.

Is NicoFX Halal?

Yes, NicoFX does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does NicoFX support?

NicoFX only supports the MetaTrader 4 trading platform at this time.

Is NicoFX Regulated?

Yes, NicoFX is regulated by CySEC.

The fact that NicoFX is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.

NicoFX vs Other Brokers

If you want to compare NicoFX with other brokers, use the detailed comparisons below.

NicoFX vs
NicoFX facilitates trading in forex and precious metals under CySEC regulation.