Compare NordFX vs FXTM
What is NordFX? What is FXTM?
NordFX is a forex broker that was established in 2008 and is regulated by the VFSC (Vanuatu) and the FSC (Mauritius). It offers trading on various instruments, such as forex, CFDs, crypto, and metals, with variable spreads and low commissions. It supports the MetaTrader 4 platform and provides various account types, payment methods, and educational resources.
FXTM is a forex broker that was established in 2011 and is regulated by the CySEC (Cyprus), the FCA (United Kingdom), the FSCA (South Africa), and the Capital Markets Authority of Kenya. It offers trading on various instruments, such as forex, CFDs, oil, futures, and crypto, with variable spreads and low commissions. It supports the MetaTrader 4 and 5 platforms and provides various account types, payment methods, and analytical tools.
NordFX vs FXTM Regulation Comparison
Both NordFX and FXTM are regulated by reputable authorities in different jurisdictions. However, FXTM has more regulatory licenses than NordFX, which may indicate a higher level of trustworthiness and security for its clients. Here are the regulators for each broker:
- NordFX: VFSC (Vanuatu) 15008, FSC (Mauritius) C113012295
- FXTM: CySEC (Cyprus) 185/12, FCA (United Kingdom) 777911, FSCA (South Africa) 46614, Capital Markets Authority of Kenya (Kenya) 135
NordFX vs FXTM Trading Assets Comparison
Both NordFX and FXTM offer a wide range of trading instruments for their clients to choose from. However, FXTM has more trading assets than NordFX, which may provide more opportunities and diversification for traders. Here are the trading assets for each broker:
- NordFX: Forex, Gold & silver, CFDs, Crypto
- FXTM: Forex, Gold & silver, CFDs, Oil, Futures, Crypto
NordFX vs FXTM Trading Fees Comparison
Both NordFX and FXTM charge variable spreads and commissions for their trading services. However, the actual fees may vary depending on the account type, trading platform, instrument, and market conditions. Therefore, it is advisable to check the live spreads and commissions on each broker’s website before opening a trade. Here are some examples of the fees for each broker:
- NordFX: Minimum deposit $10, maximum leverage 1:1000, average EUR/USD spread 0.9 pips + $2 commission per lot
- FXTM: Minimum deposit $10, maximum leverage 1:2000, average EUR/USD spread 0.8 pips + $2 commission per lot
NordFX vs FXTM Account Types Comparison
Both NordFX and FXTM offer various account types for their clients to suit their different needs and preferences. However, the account types may differ in terms of minimum deposit, leverage, spreads, commissions, execution type, instruments available, etc. Therefore, it is important to compare the account types on each broker’s website before choosing one. Here are some examples of the account types for each broker:
- NordFX: Fix account (fixed spreads), Pro account (variable spreads + commissions), Zero account (variable spreads + commissions), Crypto account (variable spreads + commissions)
- FXTM: Standard account (variable spreads), Cent account (variable spreads), ECN account (variable spreads + commissions), ECN Zero account (variable spreads + commissions), Pro account (variable spreads + commissions)
NordFX vs FXTM Deposit Options Comparison
Both NordFX and FXTM offer various deposit and withdrawal options for their clients to fund and withdraw their money from their trading accounts. However, the options may differ in terms of availability, processing time, fees, minimum amount, etc. Therefore, it is advisable to check the deposit and withdrawal options on each broker’s website before making a transaction. Here are some examples of the options for each broker:
- NordFX: WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller, Perfect Money, Dragonpay
- FXTM: WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto, Google Pay
NordFX vs FXTM Trading Platforms Comparison
Both NordFX and FXTM support the MetaTrader 4 and 5 platforms, which are the most popular and widely used trading platforms in the forex industry. However, the platforms may differ in terms of features, functionality, customization, compatibility, etc. Therefore, it is important to test the platforms on each broker’s website before choosing one. Here are some examples of the platforms for each broker:
- NordFX: MetaTrader 4 (Limited with 14 days of inactivity), One-click trading, Trailing stop, Pending orders
- FXTM: MetaTrader 4 (Limited with 60 days), MetaTrader 5 (Limited with 30 days), One-click trading, Trailing stop, Pending orders
NordFX vs FXTM Analytical Tools Comparison
Both NordFX and FXTM provide various analytical tools for their clients to help them with their trading strategies and decisions. However, the tools may differ in terms of quality, quantity, accessibility, etc. Therefore, it is advisable to check the analytical tools on each broker’s website before using them. Here are some examples of the tools for each broker:
- NordFX: Economic calendar, Market analysis, Trading signals
- FXTM: Economic calendar, Market analysis, Trading signals, FXTM Pivot Points Strategy, FXTM Trader App
NordFX vs FXTM . Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose, as it depends on your personal preferences, needs, goals and trading style. However, you can consider a number of factors that may help you make your decision, such as:
- Regulation: If you value security and protection, you may prefer a broker that has more regulatory licenses from reputable authorities, such as FXTM.
- Trading assets: If you want to diversify your portfolio and trade on various instruments, you may prefer a broker that offers more trading assets, such as FXTM.
- Trading fees: If you want to save on trading costs and maximize your profits, you may prefer a broker that charges lower spreads and commissions, such as NordFX or FXTM (depending on the account type and instrument).
- Account types: If you want to have more options and flexibility in terms of trading conditions, you may prefer a broker that offers more account types, such as FXTM.
- Deposit and withdrawal options: If you want to have more convenience and ease in funding and withdrawing your money, you may prefer a broker that offers more deposit and withdrawal options, such as FXTM.
- Trading platforms: If you want to have more features and functionality in your trading platform, you may prefer a broker that supports both MetaTrader 4 and 5 platforms, such as FXTM.
- Analytical tools: If you want to have more support and guidance in your trading strategies and decisions, you may prefer a broker that provides more analytical tools, such as FXTM.
In the end, the best way to find out which broker is better for you is to experiment for yourself. You can open a demo account with each broker and test their services and platforms before opening a real account.
