NicoFX -Some Important Points about This Broker

Note: NICOFXs official website: https://cn.nicofx.com/en/index.html is currently inaccessible normally.

NICOFX Information

NICOFX, founded in 2013, is an established brokerage registered in the United Kingdom. The trading instruments it provides cover Precious metals and Forex. But currently its website is unreachable.

Pros and Cons

Is NICOFX Legit?

It is clear that NICOFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding a license of 226/14. (Regulated)

NICOFX is also regulated by Financial Conduct Authority (FCA) in United Kingdom, holding a license of 672844(Unsubscribed).

In Germany, NICOFX is regulated by Federal Financial Supervisory Authority. The license number is 142143 (Revoked).

In France, NICOFX is regulated by The Autorité des Marchés Financiers (AMF). The license number is 75131 (Exceeded).

What Can I Trade on NicoFX?

NicoFX offers traders the opportunity to trade Precious metals (gold, silver, platinum, palladium), Forex currency pairs. However, Stocks, ETFs, funds and bonds are not accessible.

Account Types

NicoFX offers three trading accounts: the Standard Account (minimum deposit of $100), the Premium Account (minimum deposit of $5,000), and the VIP (minimum deposit of $10,000).

NicoFX Fees

NicoFX claims to offer low and variable spreads, but does not give specific information.

Trading Platform

NicoFX's trading platform is MT4 Margin WebTrader, which supports traders on the web and mobile.

Deposit and Withdrawal

The broker supports four payment methods: VISA, bitcoin, mastercard and WIRE TRANSFER. In addition, its minimum deposit requirement is $5,000.

Deposit Options

Withdrawal Options