NICOFX Review
31
Review
Fast Facts
Account types
| Standard Account | Premium Account | VIP Account | |
|---|---|---|---|
| Minimum Deposit | 100 USD | 5'000 USD | 10'000 USD |
| Maximum Leverage | 1:30 | ||
| Spread from (pips) | |||
| Commission per lot (USD) | 0 | ||
| Minimum Trade Size | 0.01 | ||
| Step | |||
| Execution Type | |||
| Trading Instruments | Metals, Forex | ||
| Margin Call | |||
| Stop out | 50% | ||
| Swap Free | |||
| Currency | EUR, USD | ||
Deposits / Withdrawals
- Deposit Methods: Bank Wire Transfer, UnionPay, Visa, MasterCard, Skrill, JCB, American Express
- Withdrawal Methods: Bank Wire Transfer, UnionPay, Visa, MasterCard, Skrill, JCB, American Express
- Account Currencies: EUR, USD
Contact Info and Support
Agiou Athanasiou 66, Toumazis Linopetra Building, 4102 Limassol, Cyprus.
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - |
About NICOFX
Mount Nico Corp Ltd, headquartered in Limassol, Cyprus, is authorised and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under licence number 226/14 and operates under the Markets in Financial Instruments Directive (MiFID). The firm is also registered with the UK’s Financial Conduct Authority (“FCA”) under reference number 672844 and with Germany’s Federal Financial Supervisory Authority (“BaFin”) under registration ID 142143. Consumer funds are held in segregated accounts, and the firm participates in the Cyprus Investor Compensation Fund (ICF), which provides compensation of up to EUR 20,000 in case of insolvency. ,
NICOFX provides three account types—Standard, Premium, and VIP—with minimum deposit requirements of 100 USD, 5 000 USD, and 10 000 USD, respectively. The broker offers trading in Forex (currency pairs) and precious metals via the MetaTrader 4 platform. Leverage is capped at 1 : 30, there are no commissions, Islamic (swap‑free) account options are available, and trading conditions permit expert advisors (EAs), hedging, and scalping. Base currencies for accounts are EUR and USD, stop‑out level is set at 50 %, minimum trade volume is 0.01 lots, and negative balance protection is offered. ,
Pros and cons
Pros
- Authorised by CySEC, registered with FCA and BaFin, EU‑wide MiFID coverage
- Client fund protection via segregated accounts and Cyprus ICF
- Offers Islamic swap‑free accounts, hedging, scalping, and EA support
Cons
- Limited asset classes (only Forex and precious metals)
- Minimum deposit levels relatively high for Premium and VIP accounts
- Information on maximum leverage conflicting across sources (some report up to 1 : 200, while official accounts specify 1 : 30)
