Nano Forex Trader
|Offices in||England, Indonesia, Russia, India and Nigeria|
|Payment options||Wire Transfer, Web Money, Credit Cards and Liberty Reserve|
|Demo Platforms||Meta Trader 4|
|Currency pairs||18 Pairs|
|Regulated by||FSC (Mauritius)|
|US Traders welcome?||No|
|Support methods||Live Chat, Phone, Email|
|Account Types (micro standard executive islamic)||STP|
|Minimum account size||$1|
|Minimum position size||0.01 lot|
|Minimum spread on EUR/USD, pips||1.6|
|Trading instruments (GOLD; CFD, etc. and the leverage)||Forex- 1:500|
|Trading platforms||Meta Trader 4|
|Number of currency pairs||18|
Nano Forex Trader which is also known as NanoFX was established in the year 2010 and has been into internet based online trading service since then. The company was founded by a management team of technological and financial industries which started this company as a project. The company has it’s headquarter in England and also has its offices in Indonesia, India, Nigeria and Russia. However, the company is regulated by the regulating authority in Mauritius that is FSC. This being at least regulated makes it a better broker than most of the unregulated brokerage companies in the market. They also offer Islamic accounts to the Muslim traders who follow the Islamic laws on trading and are swap free accounts. They have retail as well as Institutional traders as clients from all over the world. They offer a leverage which varies from 1:1 to 500:1 and has STP accounts for its traders. The spreads are variable and starts from 1.6 pips which definitely is not the lowest in the market but is also not the highest.
NanoFX is a STP broker and hence do not have any proprietary positions and hence have a Discount Broker license. They have association with the top 6 banks in the world and thus provides to their clients direct access to the interbank liquidity. They offer to their clients Meta Trader 4 as the trading platform which is the most commonly used and the most trusted trading platform in the forex market. They however do not provide any mobile trading service to their clients as of now. Scalping is allowed to the traders at NanoFX. They also allow the use of Expert Advisor which helps the trader in easy trading. They provide auto trading through robots and is one of the very few companies offering this.
The reviews are the best medium you can choose to find about a company’s performance and the quality of service that it provides to its customers. The overall review for NanoFX seems to be positive and most of them like that being a STP broker they have association with 6 top banks in the world and provides interbank liquidity. Many of them like their trading platform which is very fast and that they allow the use of Expert Advisor while trading. The use of scalping is allowed by NanoFX and is liked by many traders. They have a leverage of 1:500 which is liked by many. A few of the cons is that they have a variable spread which starts from 1.6 pips which is considerably high. Absence of mobile trading has also been mentioned as a concern by many. Also, they have only 18 currency pairs to trade in and is a concern for many. However, they are one of a few companies that provide automated trading using a robot and is something loved by many traders. However, the overall review is positive and the average rating given to the company by its users stands at 3.3 out of 5.