NicoFX facilitates trading in forex and precious metals under CySEC regulation.
NicoFX facilitates trading in forex and precious metals under CySEC regulation.
NicoFX is a multiple award-winning broker that provides access to 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
Bonus
None
Instruments
Forex, Metals
Demo Account
✓
Min. Deposit
$100
Min. Trade
0.01 lots
Regulated By
CySEC
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 Spread
From 0.9
EURUSD Spread
From 0.9
EURGBP Spread
From 0.9
Assets
38
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 this 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 safer options.
NicoFX vs Other Brokers
If you want to compare NicoFX with other brokers, use the detailed comparisons below.
