in short

NESSfx is a trading name of FXNET Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). NessFx is managed by professionals, whose core principles are integrity, reliability, and responsibility, the company claims. Customers can trade currency pairs, commodities, indices, shares and cryptocurrencies, through the terminal that has become an industry standard – MetaTrader 4 (MT4). Spreads are floating and you can open a live account by investing at least USD500.

The Regulation of the Company

The regulation of the brokerage company is one of the most important things at all. For sure you will feel safer when you know that your brokerage company must follow strict rules. Тhe website is owned and operated by FxNet Limited, which has been incorporated and registered under the laws of the Republic of Cyprus (Certificate of Incorporation No. 300624) and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 182/12. The Company operates and provides its services in compliance with the Markets in Financial Instruments Directive (MiFID II). Client’s funds are held in separate accounts within secure banking institutions, thereby protecting their use for any other purpose. The company is a member of the Investor Compensation Fund (ICF), which compensates clients in the event of bankruptcy of FXNET Limited.

Account Types

NESSfx offers its clients three types of active accounts, so that each trader can choose the most suitable one. They differ mainly in the spread and initial deposit amount required.

Micro account – The minimum deposit amount is USD500. The spreads are variable and start from 2.3 pips for the major currency pairs. The leverage is up to 1:30 for retail clients and up to 1:500 for professional clients. Trading is commission free.

Premium account – It requires at least USD2,000 to open this type of account. The spreads are variable and start from 1.9 pips for the major currency pairs. The leverage is up to 1:30 for retail clients and up to 1:500 for professional clients. Trading is commission free.

Platinum account – You must invest at least USD20,000 to open this type of account. The spreads are close to zero (raw spreads) at the expense of the commission, which is equal to 1.2 pips per closed lot. The leverage is up to 1:30 for retail clients and up to 1:500 for professional clients.

Each account can be opened in USD, EUR, PLN, CZK, and GBP as the base currency.

How the Company Executes Client Orders

The document, which usually shows how the company executes your orders is the Order Execution Policy. The Execution Venues paragraph shows that for the purposes of orders in the various financial instruments offered, the company acts as a principal. Depending on the type of account you have with the company, either the company or a third-party liquidity provider will be the execution venue for the execution of client orders. This means that usually, the company is a market maker and a counterparty when it is the execution venue and takes all the risk for itself. However, it may transmit orders on the external market – its execution venues using the Straight Through Processing model (STP), transferring the risk. Currently NESSfx has two execution venues – Swissquote Group Holding Ltd and Velocity Trade Limited. When NESSfx acts as a market maker, the main conflict of interest exists. When the company executes orders, it keeps the risk to itself. Every loss for customers is a profit for the company.

The same document reveals that market orders will be filled at the best available price. Generally, this order will be executed immediately, however, the price at which a market order will be executed is not guaranteed and may be executed at a worse or better price, known as negative or positive slippage. In general, all pending orders (including stop loss orders) once triggered are executed as market orders at the best available price. This means that market orders are subject to slippage and stop loss orders are not guaranteed and will be filled at the first available market price.

In addition, the same document shows that all the retail clients are covered by the Negative Balance Protection. This means that a client will never lose more than the amount invested (including any profit, if gained), even if a slippage occurs.


In addition to the usual fees such as spread, rollover, etc., most companies impose some additional fees. If there is no activity (trading/withdrawals/deposits) in your trading account for a continuous period of 90 (ninety) calendar days, it will be classified as inactive (dormant). Dormant accounts will be charged with a monthly inactivity fee of EUR40 until the account balance reaches zero.

Deposits and Withdrawals

Deposits can be made by bank transfer, credit, or debit cards or through e-wallets such as Neteller, iDeal, and Skrill. The company declares that it does not charge deposit fees. However, customers cover all charges imposed on payment providers.

Withdrawals should be made using the same method used by the client to fund his/her trading account and to the same remitter. The company proceeds with the payment either on the same day or on the next working day. However, the time needed for your funds to reach you may vary depending on your selected payment method and can be up to 5 business days. All withdrawal fees are covered by customers.

Trading Platforms

NESSfx provides clients with one of the industry’s most reputable and award-winning trading terminals – MetaTrader 4 (MT4). MT4 has been developed to provide traders with easy access to the most dynamic financial markets. It is simple enough even for novice traders. MT4 offers a unique combination of accessibility and advanced features. Professional charts, many drawing objects and a set of asset classes are available at the same time. You can use a variety of custom indicators, including these developed by the company. MT4 also offers a comprehensive suite of tools for technical analysis. The NESSfx MT4 platform is available as a desktop version for Windows machines, as well as a mobile app for Android and iOS devices. In addition, you can use it directly from your browser, without having to install anything.


NESSfx offers six asset groups for trading:

Currency Pairs – More than 45 major, minor, and exotic currency pairs can be traded. The spread is floating and depends on the account type. The spread for the EUR/USD pair starts from 2.3 pips in the Micro account (commission free) and is zero in the Platinum account (you will be charged a commission).

Indices – You can trade 13 of the most popular indices globally. The spread for DAX30 starts at 2.0 points and the one for Dow Jones Industrial Average starts at 3.2 points.

Metals – CFDs on 5 precious metals are available for trading. They include spots of Gold, Silver, Platinum, Palladium and Copper. The spread of the spot Gold CFD depends on the account type and starts from USD0.48 for the Micro account and from USD0.40 for the Platinum account.

Energies and other commodities – You can trade CFDs on – Crude Oil, Brent Oil, Natural Gas, and some cereals. The spread for the Crude Oil starts at USD0.12 and the one for the Brent Oil starts from USD0.13.

Shares – CFDs on shares of over 70 companies are available for trading. The typical spread for Apple shares is USD0.70 and for Tesla shares is USD1.6.

Cryptocurrencies – CFDs on 4 cryptocurrencies are available for trading. They include Bitcoin, Ethereum, Litecoin, and Ripple. The spread for Bitcoin starts from USD199.

NESSfx is licensed and regulated by the CySEC and this license allows it to provide financial services across European Union (EU). FXNET Limited – the company that operates the website can act as both a market maker and an STP brokerage, depending on the account you have. In general, the main conflict of interest exists when it retains the risk for itself. The company provides a wide variety of trading instruments with floating spreads through the trendiest trading terminal – MT4. There are three types of live accounts and you can start trading by investing at least USD500. However, if you want to get narrower spreads, you must invest a larger amount.


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