NFS MKS has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After for the past six months with NFS MKS I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Full transparency|Multi-device support
Cons: Account statements could be more detailed
I found NFS MKS based on a colleague's recommendation and the initial impression was positive. But for a few weeks now later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Stable platform|Helpful community forum
Cons: Inactivity fee applies after 12 months|No integrated tax optimization
I had a dispute with NFS MKS and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Good analytical tools|Economic calendar|Multi-currency support|Fast execution
Cons: Search feature is basic|Currency conversion fee exists
NFS MKS advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Good mobile app|Fast support response|Comprehensive tools
Cons: Withdrawal takes 1-2 business days