Compare AvaTrade vs NSFX
What is AvaTrade? What is NSFX?
AvaTrade is a global online broker that was founded in 2006 and is regulated by nine authorities across six continents. It offers over 1,250 assets to trade, including forex, stocks, commodities, indices, ETFs, and options. It also provides various trading platforms, such as MT4, MT5, WebTrader, AvaTradeGO, AvaOptions, and AvaSocial.
NSFX is an online forex broker that was established in 2012 and is regulated by the MFSA in Malta. It offers over 60 currency pairs and CFDs on indices and commodities. It also supports two trading platforms: MT4 and JForex.
AvaTrade vs NSFX Regulation Comparison
Both AvaTrade and NSFX are regulated by the MFSA in Malta, which means they comply with the strict standards of the European Union and the MiFID directive.
However, AvaTrade has more regulatory licenses than NSFX, as it is also authorized by the FCA in the UK, the ASIC in Australia, the FSCA in South Africa, the ADGM/FSRA in Abu Dhabi, the CBI in Ireland, the BVIFSC in the British Virgin Islands, the ISA in Israel, and the FFAJ in Japan. This gives AvaTrade a higher level of trustworthiness and credibility than NSFX.
AvaTrade vs NSFX Trading Assets Comparison
AvaTrade has a wider range of trading assets than NSFX, as it offers more than 1,250 instruments across various markets, while NSFX only offers around 60 currency pairs and CFDs on indices and commodities. AvaTrade also allows traders to trade options and ETFs, which are not available at NSFX. Moreover, AvaTrade offers 24/7 trading on cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and Litecoin, while NSFX does not support crypto trading at all.
AvaTrade vs NSFX Trading Fees Comparison
Both AvaTrade and NSFX charge no commissions on their trades, as they make money from the spreads between the bid and ask prices. However, the spreads may vary depending on the account type, the trading platform, the market conditions, and the instrument traded. Generally speaking, AvaTrade has lower spreads than NSFX on most of the instruments they offer. For example, according to their websites, the average spread for EUR/USD is 0.9 pips at AvaTrade and 3 pips at NSFX; the average spread for gold is 40 cents at AvaTrade and 50 cents at NSFX; and the average spread for US_TECH100 is 1 point at AvaTrade and 4 points at NSFX.
Both brokers also charge other fees, such as overnight swap rates for holding positions overnight, inactivity fees for dormant accounts, withdrawal fees for certain payment methods, and conversion fees for non-base currency deposits or withdrawals. These fees may vary depending on the account type, the currency pair, the payment method, and other factors. Therefore, traders should check the fee schedule of each broker before opening an account or placing a trade.
AvaTrade vs NSFX Account Types Comparison
AvaTrade offers three main types of accounts: Retail, Professional, and Islamic. The Retail account is suitable for most traders who want to enjoy competitive spreads, helpful risk management tools, and a wide choice of assets. The Professional account is for experienced traders who can meet certain criteria and want to access higher leverage, lower spreads, hedging and scalping capabilities. The Islamic account is compliant with Shariah law and does not charge or receive any interest or swap fees.
NSFX offers four types of accounts: Standard MT4 (STP), Professional ECN (MT4), VIP ECN (JForex), and Islamic (STP). The Standard MT4 account is for beginners who want to trade with low minimum deposits ($300), fixed spreads (from 3 pips), and low leverage (up to 30:1). The Professional ECN account is for advanced traders who want to trade with variable spreads (from 0.4 pips), high leverage (up to 200:1), and fast execution. The VIP ECN account is for elite traders who want to trade with ultra-low spreads (from 0 pips), high leverage (up to 200:1), dedicated support, and exclusive benefits. The Islamic account is similar to the Standard MT4 account, but without any swap fees.
AvaTrade vs NSFX Deposit Options Comparison
AvaTrade supports a variety of deposit and withdrawal options, such as credit/debit cards, bank wire transfers, e-wallets (PayPal, Skrill, Neteller, WebMoney), and local payment methods (BPay, POLi, Rapid Transfer, etc.). The minimum deposit amount is $100 for most methods, except for bank wire transfers ($500) and e-wallets ($50). The withdrawal process is usually fast and easy, but it may take up to 10 business days for some methods. AvaTrade does not charge any deposit or withdrawal fees, but some payment providers may charge their own fees or commissions.
NSFX supports fewer deposit and withdrawal options than AvaTrade, such as credit/debit cards, bank wire transfers, Skrill, and Neteller. The minimum deposit amount is $300 for all methods. The withdrawal process is also simple and quick, but it may take up to 5 business days for some methods. NSFX does not charge any deposit fees, but it does charge a withdrawal fee of $15 for bank wire transfers and 3.5% for credit/debit cards.
AvaTrade vs NSFX Trading Platforms Comparison
- AvaTrade offers a wide variety of trading platforms for traders of all levels. These include:
- AvaTradeGO: A user-friendly mobile app that allows traders to access the markets anytime, anywhere. It has features such as live chat support, market trends, social trading, risk management tools, and more.
- WebTrader: A web-based platform that does not require any download or installation. It has features such as advanced charts, indicators, trading signals, one-click trading, and more.
- MetaTrader 4: The most popular trading platform in the world that offers a powerful and customizable trading environment. It has features such as automated trading, expert advisors, technical analysis tools, multiple order types, and more.
- MetaTrader 5: The latest version of the MetaTrader platform that offers more instruments, more indicators, more timeframes, more order types, and more features than MT4.
- AvaOptions: A unique platform that allows traders to trade vanilla options on forex pairs. It has features such as risk/reward graphs, strategy optimizer, scenario simulator, and more.
- AvaSocial: A social trading platform that allows traders to copy the best traders in the world. It has features such as leaderboards, chat rooms, performance analysis, and more.
- NSFX offers two main trading platforms: MT4 and JForex. These include:
- MT4: The same platform as offered by AvaTrade, but with fewer instruments and higher spreads.
- JForex: A proprietary platform developed by Dukascopy Bank that offers an ECN trading environment. It has features such as market depth, historical data, news feed, economic calendar, and more.
AvaTrade vs NSFX Analytical Tools Comparison
- AvaTrade provides various analytical tools to help traders make informed decisions. These include:
- Trading Central: A leading provider of technical analysis and market insights that offers daily reports, signals, indicators, webinars, and more.
- Autochartist: A powerful tool that scans the markets for trading opportunities based on chart patterns, Fibonacci levels, key levels, and volatility analysis.
- DupliTrade: A copy-trading platform that allows traders to follow the strategies of successful traders and automatically copy their trades.
- ZuluTrade: Another copy-trading platform that allows traders to choose from thousands of signal providers and copy their trades in real-time.
- MQL5 Signals: A service that allows traders to subscribe to signals from professional traders who use the MT4 or MT5 platforms.
- Economic Calendar: A tool that shows the upcoming economic events and their impact on the markets.
- Market Blog: A blog that provides daily market analysis and commentary from AvaTrade’s experts.
- NSFX provides fewer analytical tools than AvaTrade. These include:
- Economic Calendar: The same tool as offered by AvaTrade.
- Trading Calculator: A tool that helps traders calculate their margin requirements, pip value, swap rates, and profit/loss.
- NSFX Academy: An educational resource that offers articles, videos, webinars, e-books, and courses on various topics related to forex trading.
AvaTrade vs NSFX. 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 as to which broker is better, as each broker has its own advantages and disadvantages. However, here are some general guidelines to help you make an informed choice.
- If you are looking for a broker that has more regulatory licenses, more trading assets, lower spreads, more trading platforms, and more analytical tools, then AvaTrade may be a better option for you. AvaTrade is a well-established and reputable broker that offers a wide range of instruments and services to suit different types of traders. AvaTrade also has a higher customer satisfaction rating than NSFX, according to Trustpilot.
- If you are looking for a broker that has lower minimum deposits, higher leverage, faster execution, and ECN trading environment, then NSFX may be a better option for you. NSFX is a relatively new and innovative broker that offers competitive trading conditions and features to cater to advanced and professional traders. NSFX also has a lower inactivity fee than AvaTrade, according to their websites .
Ultimately, the best way to decide which broker is better for you is to try them out yourself. Both AvaTrade and NSFX offer free demo accounts that allow you to test their platforms and services without risking any real money.
