NTGFX Review
NTGFX Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this NTGFX Review.
NTGFX Review
NTGFX offers a single trading account type accessible with an investment of $200. It provides variable spreads, leverage up to 1:200 and the option to trade in micro lots on the popular MetaTrader 4 platform with no commission fees.
According to the information on the broker’s website, spreads start out at 0.5 pips on majors, however, when we tried out NTGFX’s MT4 in demo mode, we found that the spreads are averaged around 2.2 pips for this pair, which is a high value.
Most brokers offer spreads within the range of 1.0 – 1.5 pips on EUR/USD. Besides, many of them are licensed by reputable financial regulators and supervised, while NTGFX is registered offshore.
The Company. Security of Funds
Company
Country
Regulation
NASD Trading Group LTD
Vanuatu
VSFC
UK-based NTGFX offers trading in a number of currency pairs, precious metals and some CFDs on the MT4 platform.
The company behind the brand, NASD Trading Group Limited, is headquartered in London, UK and has offices in Tokyo and Hangzhou (China). It operates under a license issued by the Vanuatu Financial Services Commission (VSFC). Even though VSFC is said to regulate and supervise international financial services providers, the local forex regulatory regime is one of the most liberal and low-cost ones.
Considering all the risks associated with doing business with offshore brokers, we would advise you to select among reputable brokers regulated by FCA in the UK, CySEC in Cyprus or ASIC in Australia.
NTGFX offers its clients the good old MetaTrader 4 (MT4), available as a desktop download and mobile apps.
MT4 has earned a solid reputation over the years, by allowing technical traders access to a great charting package. Furthermore, the fact it is so popular, with many brokers, has led to the creation of thousands of custom add-ons for the system, such as technical analysis indicators and automated strategies (EAs).
Methods of Payment
NTGFX offers its clients credit/debit card, and wire transfer as payment options.
NTGFX is a MT4 forex broker headquartered in the UK and licensed offshore, in Vanuatu. Apart from the unreliable license, NTGFX has yet another disadvantage – high spreads.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
NTGFX Review Conclusion
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