Compare NPBFX vs easyMarkets
What is NPBFX? What is easyMarkets?
NPBFX is a trading name of NMarkets Limited, a company incorporated in the Island of Moheli, Comoros Union, and regulated by the laws of that country. NPBFX has been providing brokerage services on the forex market since 1996. NPBFX offers 38 currency pairs, gold, silver, and oil trading with STP/NDD technology.
easyMarkets is a trading name of Easy Forex Trading Limited, a company incorporated in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). easyMarkets has been serving its customers since 2001. easyMarkets offers over 275+ markets, including forex, metals, commodities, indices, options, cryptocurrencies, and shares.
NPBFX vs easyMarkets Regulation Comparison
Both NPBFX and easyMarkets are regulated brokers, but they have different jurisdictions and licenses. NPBFX is regulated by the laws of Comoros Union, while easyMarkets is regulated by CySEC, which is a more reputable and strict regulator in the European Union. CySEC-regulated brokers have to comply with various rules and standards, such as keeping client funds in segregated accounts, maintaining a minimum capital requirement, participating in a compensation scheme, and submitting regular reports and audits.
Additionally, easyMarkets is also a member of The Financial Commission, an international organization that resolves disputes on the financial markets. The Financial Commission provides protection for traders up to €20,000 per complaint.
NPBFX vs easyMarkets Trading Assets Comparison
NPBFX offers a limited range of trading assets compared to easyMarkets. NPBFX only offers 38 currency pairs, gold, silver, and oil trading, while easyMarkets offers over 275+ markets, including forex, metals, commodities, indices, options, cryptocurrencies, and shares. This means that easyMarkets gives you more opportunities and diversity to trade different instruments and markets.
Moreover, easyMarkets also offers some unique and innovative trading products, such as dealCancellation, which allows you to undo a losing trade within 1, 3 or 6 hours for a small fee, and easyTrade, which lets you trade with limited risk and unlimited potential without margin requirements or spreads.
NPBFX vs easyMarkets Trading Fees Comparison
Both NPBFX and easyMarkets charge no commissions or hidden fees on their trades. However, they have different pricing models and spreads. NPBFX offers variable spreads from 0.4 pips on its ECN account and fixed spreads from 0.8 pips on its Master account. easyMarkets offers tight fixed spreads from 0.5 pips on its MT5 platform and from 0.8 pips on its web platform and app.
Furthermore, easyMarkets has a Price Transparency Promise, which means that its spreads never change during trading hours. This gives you more certainty and consistency in your trading costs. NPBFX does not have such a promise, so its spreads may vary depending on market conditions and liquidity.
NPBFX vs easyMarkets Account Types Comparison
NPBFX offers three types of accounts: Master (minimum deposit $10), Expert (minimum deposit $500), and VIP (minimum deposit $5,000). The main differences between these accounts are the spreads (fixed or variable), the leverage (up to 1:1000), the minimum lot size (from 0.01 to 0.1), and the access to personal manager services (only for VIP account).
easyMarkets offers two types of accounts: Standard (minimum deposit $100) and Premium (minimum deposit $2,000). The main differences between these accounts are the spreads (lower for Premium account), the leverage (up to 1:400), the minimum deal size (from $5 to $250), and the access to personal analyst services (only for Premium account).
NPBFX vs easyMarkets Deposit Options Comparison
NPBFX and easyMarkets both offer a variety of deposit and withdrawal options, such as bank transfer, credit/debit card, Skrill, Neteller, WebMoney, Perfect Money, and more. However, there are some differences in the processing time and fees.
NPBFX processes deposits and withdrawals within 1-3 working days, and charges no fees for deposits, but may charge fees for withdrawals depending on the payment method. easyMarkets processes deposits and withdrawals within 24 hours, and charges no fees for deposits or withdrawals.
NPBFX vs easyMarkets Trading Platforms Comparison
NPBFX offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 and MT5 are the most popular and widely used trading platforms in the forex industry, as they offer advanced charting, technical analysis, automated trading, and customization options. NPBFX also provides fast execution and low latency with its servers located in Equinix NY4 data center in New York.
easyMarkets offers four trading platforms: easyMarkets web platform, easyMarkets app, TradingView, and MT4. easyMarkets web platform and app are proprietary platforms that are designed to be simple, intuitive, and powerful. They offer exclusive features such as dealCancellation, Freeze Rate, Inside Viewer, and free guaranteed stop loss. TradingView is a social network for traders that offers advanced charting and analytics. MT4 is the same platform as offered by NPBFX.
NPBFX vs easyMarkets Analytical Tools Comparison
NPBFX provides some analytical tools for its clients, such as a portal with market news, economic calendar, trading signals, technical analysis, chat with experts, and a trading calculator. These tools can help you stay informed and make better trading decisions.
easyMarkets also provides some analytical tools for its clients, such as a portal with market news, economic calendar, trading signals, technical analysis, market explorer, and a deal size calculator. These tools are similar to those offered by NPBFX, but easyMarkets also offers some additional features such as live currency rates, financial indicators, trading charts, and trading central reports.
NPBFX vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading style, and goals. There is no definitive answer to which broker is better, as different brokers may suit different traders. However, you may consider some of the following factors:
- Regulation: If you value security and protection, you may prefer easyMarkets, as it is regulated by a more reputable and strict regulator (CySEC) than NPBFX (Comoros Union). easyMarkets also offers a compensation scheme and a dispute resolution service through The Financial Commission.
- Trading Assets: If you value diversity and opportunity, you may prefer easyMarkets, as it offers over 275+ markets, including forex, metals, commodities, indices, options, cryptocurrencies, and shares. NPBFX only offers 38 currency pairs, gold, silver, and oil trading.
- Trading Fees: If you value transparency and consistency, you may prefer easyMarkets, as it offers tight fixed spreads that never change during trading hours. easyMarkets also provides free guaranteed stop loss and take profit orders on its web platform and app. NPBFX offers variable or fixed spreads that may vary depending on market conditions and liquidity. NPBFX does not offer guaranteed stop loss or take profit orders on any of its platforms.
- Account Types: If you value flexibility and customization, you may prefer NPBFX, as it offers three types of accounts with different spreads, leverage, lot size, and personal manager services. easyMarkets only offers two types of accounts with similar features.
- Deposit and Withdrawal Options: If you value convenience and speed, you may prefer easyMarkets, as it processes deposits and withdrawals within 24 hours and charges no fees for either. NPBFX processes deposits and withdrawals within 1-3 working days and may charge fees for withdrawals depending on the payment method.
- Trading Platforms: If you value simplicity and innovation, you may prefer easyMarkets, as it offers its own proprietary platforms that are designed to be user-friendly and powerful. They offer exclusive features such as dealCancellation, Freeze Rate, Inside Viewer, and easyTrade. easyMarkets also offers TradingView, a social network for traders. NPBFX only offers MT4 and MT5 platforms that are widely used in the industry but may require more technical skills and experience.
- Analytical Tools: If you value information and analysis, you may prefer easyMarkets, as it offers more analytical tools than NPBFX. easyMarkets provides live currency rates, financial indicators, trading charts, and trading central reports in addition to the common tools such as market news, economic calendar, trading signals, and technical analysis.
Ultimately, the choice is yours. You may want to try out both brokers with their demo accounts before making a final decision. You can also read some reviews from other traders to get their opinions and experiences.
