NessFx

NessFx is a Cyprus-based forex and CFD broker owned and operated by FXNET Limited.

The company was founded on March 11, 2019, and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 182/12. It offers trading in a range of instruments including currencies, metals, energies, agricultural commodities, equity indices, and shares.

NessFx presents itself as a regulated broker with a focus on commission-free trading across multiple account tiers.

NessFx operates under the regulatory oversight of CySEC, a European financial authority known for enforcing the Markets in Financial Instruments Directive (MiFID).

A CySEC license allows the broker to offer services across the European Economic Area under passporting arrangements. However, it is important to note that regulation alone does not guarantee a risk-free experience; traders should always verify the license status and check for any disciplinary history.

NessFx offers three main account types: MICRO, PREMIUM, and PLATINUM.

The MICRO account requires a $500 minimum deposit and provides spreads starting from 2.3 pips, along with 1:500 leverage. The PREMIUM account raises the minimum deposit to $2,000 and tightens spreads to 1.9 pips, maintaining the same leverage. The top-tier PLATINUM account demands a $20,000 deposit but advertises spreads from 0 pips, still with 1:500 leverage. No commission is charged on any account.

All accounts include access to the same instrument range: currencies, metals, energies, grains and softs, equity indices, and shares.

NessFx provides access to a broad spectrum of markets through CFDs.

Traders can speculate on forex majors and minors, precious and industrial metals, a variety of energy products including oil and gas, agricultural commodities (grains and softs), and major equity indices and shares. The broker does not disclose the exact number of available instruments, and platform details are not prominently advertised.

NessFx is the trading name of FXNET Limited, registered at 4 Theklas Lysioti St, Harmony House Office 31, 3rd Floor, 3030 Limassol, Cyprus.

The company holds CySEC license 182/12, which was granted as a Derivatives Trading License (Market Maker). Despite being in operation since 2019, public records indicate the company has zero employees, which may raise questions about its operational scale.

The high leverage and low spreads of the PLATINUM account may appeal to experienced traders with significant capital who are comfortable with market maker execution.

However, the elevated minimum deposits and negative user feedback suggest that beginners and those seeking a low-risk introduction to trading should approach with caution.