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Regulatory Index0.00
Business Index6.70
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
NYX Ltd
Company Abbreviation
NYX
Platform registered country and region
Turkey
Company website
Company summary
Pyramid scheme complaint
Expose
NYX, full name NYX Ltd, is incorporated in Turkey. NYX provides traders with a variety of popular markets, supporting traders to buy and sell foreign currencies, stocks, bonds, stocks, indices, cryptocurrencies, commodities, etc., and also provides 5 account types to suit different traders. But the broker's lack of regulation is its biggest drawback.
Pros | Cons |
5 types of accounts | No regulated |
Spread as low as 0.1 pips | Webmoney and Tether withdrawal fees are relatively high |
Comprehensive trading instruments | Some accounts have high minimum deposits |
5 deposit and withdrawal options |
NYX, full name NYX Ltd, is incorporated in Turkey. At present, it is not regulated, so it has great disadvantages in security.
NYX offers trading services in several financial markets, including modern markets such as Forex, commodities, stocks, cryptocurrencies, indicies, and various other instruments. This caters to both short-term traders and those looking for a longer-term investment.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Stocks Indices | ✔ |
Cryptocurrencies | ✔ |
Indices | ✔ |
Bonds | ✔ |
ETF | ✔ |
NYX provides 5 types of account, which are ECN VIP Account, CopyTrade Account, ECN Account, CUSTOM Account and PRO VIP Account.
These account types all offer high leverage, with CUSTOM accounts having a maximum leverage of 1:2000, which is suitable for traders who want to maximize their exposure while managing risk. They can also trade swaps and offer a range of foreign exchange pairs, metals and oil. CUSTOM accounts stand out for also including the stock market and digital currencies.
In addition, the minimum deposit amount for each of the 5 accounts varies, with ECN accounts requiring at least $300, while CUSTOM accounts are transferable, which can be advantageous for high-volume traders. Spreads vary the most, custom accounts offer the widest range of customizations, and PRO VIP accounts promise the narrowest spread, starting at 0.2 points. Commission structures vary, CUSTOM accounts allow negotiation and PRO VIP accounts offer a minimum rate of 3S/ lot.
Account Types | ECN VIP | CopyTrade | ECN | CUSTOM | PRO VIP |
Minimum Deposit | $2,000 | $2,000 | $300 | Negotiate | $2,000 |
Maximum Leverage | 1:300 | 1:300 | 1:300 | 1:2000 | 1:300 |
Spread | From 0.1 pips | From 0.4 pips | From 0.2 pips | From 0 pips/ floating/ fixed | Tightest from 0.2 pips |
Swap | Yes | Yes | Yes | Negotiate | Instrument base from 0 |
Commission | Instrument base from 6S/lot | Instrument base from 6S/lot | Instrument base from 6S/lot | Negotiate | Instrument base from 3S/lot |
Margin Call | 100% | 60% | 100% | Customizable | 60% |
Stop Out | 50% | 30% | 50% | Customizable | 30% |
Max Lot per Position | 25 | 30 | 25 | Customizable | 30% |
Hedge | 50% | Full | 50% | Customizable | Full |
Expert Advisor (EA) Allowed | Yes | Yes | Yes | Yes | Yes |
Trading Instruments | 36 Currency Pairs, Metals, Oil, Indices | 36 Currency Pairs, Metals, Oil, Indices | 36 Currency Pairs, Metals, Oil, Indices | 36 Currency Pairs, Metals, Oil, Stock Market, Digital Currency | 36 Currency Pairs, Metals, Oil, Indices |
NYX Spreads
NYX account spreads vary, ranging from 0.1 to 0.4. It also supports the option of customizing spreads, which is attractive to experienced traders.
Account Types | ECN VIP | CopyTrade | ECN | CUSTOM | PRO VIP |
Spread | From 0.1 pips | From 0.4 pips | From 0.2 pips | From 0 pips/ floating/ fixed | Tightest from 0.2 pips |
Non-Trading Fees
Both deposits and withdrawals through bank transfers and cash transaction accounts incur a 2-3% fee.
Webmoney does not charge commission for deposits, but withdrawals are subject to a 15% handling fee, plus any additional Webmoney fees. There are no commissions for depositing cryptocurrencies, while withdrawals have a 2% fee structure plus any applicable network fees.
Options | Bank Transfer | Webmoney | Webmoney | Cryptocurrency | Cash |
Deposit Fee | 2~3% | No commission | No commission | No commission | 2~3% |
Withdrawal Fee | 2~3% | 15% + Webmoney Fees | 2% + Network Fees | Network Fees | 2~3% |
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Desktop,IOS, ANDROID | Skilled traders |
MT4 | ❌ |
NYX offers 5 deposit and withdrawal options, different options require different fees, Webmoney and Tether withdrawal fees are higher, while cryptocurrency withdrawals require network fees. The minimum deposit is $10. With the exception of bank transfers and cash, the processing time of other electronic payment methods is relatively fast, which is an advantage for customers seeking efficiency.
Deposit Options
Deposit Options | Min. Deposit | Fees | Processing Time |
Bank Transfer | 5000$ | 2~3% | At The Moment |
Webmoney | 10$ | No commission | 1 Minute up to 60 Minute |
Tether | 10$ | No commission | 1 Minute up to 60 Minute |
Cryptocurrency | 0.005 BTC | No commission | 1 Minute up to 60 Minute |
Cash | 1000$ | 2~3% | At The Moment |
Withdrawal Options
Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
Bank Transfer | 5000$ | 2~3% | At The Moment |
Webmoney | 10$ | 15% + Webmoney Fees | 1 Minute up to 60 Minute |
Tether | 10$ | 2% + Network Fees | 1 Minute up to 60 Minute |
Cryptocurrency | 0.005 BTC | Network Fees | 1 Minute up to 60 Minute |
Cash | 1000$ | 2~3% | At The Moment |
NYX provides 24/7 support, and you can also get in touch by phone and email. In addition, you can choose to find them on social media or the company address they provide.
Contact Options | Details |
Phone | +90(534)0352160 |
helpdesk@nyxbroker.com | |
Online Chat | 24/7 |
Social Media | Instagram, Facebook, Twitter, Linkedln, WhatsApp |
Website Language | English, Russian, Spanish, Persian, Arabic |
Physical Address | Propaganda Plus residence Şişli, Istanbul |
In summary, NYX offers a range of trading conditions that attract traders, such as low spreads or multiple trading methods. But the lack of regulation is a major shortcoming that cannot be ignored. Potential traders should carefully consider the risks associated with using an unregulated broker.
Is NYX safe?
No. Given that NYX is not regulated, this means that there is a certain amount of increased risk for traders.
Is NYX good for beginners?
No. Because of its unregulated status and the complexity of some account types, NYX may not be the best choice for beginners. Beginners often need a safe, transparent, and well-supported trading environment, which unregulated brokers like NYX may not be able to fully provide.
Is NYX good for day trading?
No, NYX is not well suited for day trading. Despite its low spreads and the availability of various trading instruments, it is very popular among day traders. Yet unregulated status is a point of concern.
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