NYX Broker Review

About NYX Broker

NYX Broker operates via nyxbroker.com with client access at my.nyxbroker.com. The broker provides trading through MetaTrader 5 for desktop and mobile, states “No Dealing Desk (NDD)” execution, and allows hedging and scalping on MT5. Site materials mention “leverage up to 1:500” for MT5, while the Accounts page lists up to 1:300 for standard accounts and up to 1:2000 for a negotiable Custom tier. Supported markets described on the site include CFDs on forex, commodities (metals, oil), indices, and—with the Custom tier—stocks and digital currency. Official site, Official site

Account types shown are PRO, ECN, ECN VIP (each with a stated minimum deposit of $100) and a negotiable Custom account. Key parameters disclosed: maximum leverage 1:300 (PRO/ECN/ECN VIP) and up to 1:2000 (Custom); spreads from 5 pips (PRO, “raw”), 1 pip (ECN, “raw”), and 0.2 pips (ECN VIP, “tightest”); commissions from $2/lot (PRO), $6/lot (ECN), and $12/lot (ECN VIP); margin call 60% and stop-out 30%; EAs allowed; hedging “100%.” Swap settings: PRO and ECN VIP show “Swap: NO,” ECN shows “Swap: Yes.” Official site

Deposits and withdrawals are handled after contacting support, with methods and fees listed as: Bank Transfer (min $5,000; 2–3% deposit/withdrawal fee; currencies: GBP, USD, EUR, TRY), WebMoney (min $10; no deposit fee; 15% + WebMoney fees on withdrawal; USD), Tether USDT (min $10; no deposit fee; 2% + network fees on withdrawal), Cryptocurrency (min 0.005 BTC; network fees on withdrawal), and Cash (min $1,000; 2–3% deposit/withdrawal fee; GBP, USD, EUR, TRY). Official site

Listed contact details are “Propaganda Plus residence Şişli, Istanbul,” phone +90 534 035 2160, and helpdesk@nyxbroker.com; a contact form is available on the site. Official site

The site describes a copy-trading option that requires traders to hold an activated live account for 3 months, apply for membership, undergo evaluation by a technical team, and connect accounts to MQL5; investors open a live account, review trading history, and request connection. Official site

A referral program advertises a $30 trading bonus per referred friend, with example withdrawal rules stating a trading volume requirement (e.g., 6 lots per $30 bonus) and provisions allowing NYX to revoke bonuses for misuse, including hedging to exploit the promotion. Official site

Who it’s for

• MT5 users who want hedging, scalping and EA use permitted by the broker’s MT5 offering.
• Traders seeking swap‑free options on specific account types (PRO and ECN VIP) and a $100 stated minimum deposit for standard tiers.
• Clients who prefer multiple funding options, including WebMoney, crypto (USDT, BTC), and bank transfers with disclosed fees.
• Users interested in copy‑trading via an MQL5-linked process described by the broker.

Pros and cons

Pros

• MetaTrader 5 across desktop and mobile; broker states NDD execution and no trading restrictions, with hedging/scalping and EAs allowed.
• Multiple account types with disclosed margin call/stop‑out levels and swap‑free options on two tiers.
• Wide set of payment methods and stated processing windows; detailed fee table published.
• Copy‑trading pathway documented, including MQL5 linkage and membership conditions.

Cons

• Inconsistent leverage disclosures across pages (MT5 page cites up to 1:500; Accounts page lists up to 1:300 on standard tiers and up to 1:2000 on Custom).
• Bank transfer minimum stated as $5,000 and WebMoney withdrawal fee listed as 15% + platform fees; bank transfers show 2–3% deposit/withdrawal fees.
• Deposits/withdrawals initiated via contacting support rather than fully self‑service flow.
• Referral bonus terms allow the broker to revoke bonuses for misuse, including hedging to exploit the promotion.