Compare Forex.com vs NSFX
What is Forex.com? What is NSFX?
Forex.com is a global forex broker that is regulated by several authorities, including the US Commodity Futures Trading Commission (CFTC) and the UK Financial Conduct Authority (FCA). It offers over 80 currency pairs, as well as CFDs on indices, commodities, metals, and cryptocurrencies. It has a proprietary trading platform, as well as MetaTrader 4 and 5.
NSFX is a Malta-based forex broker that is regulated by the Malta Financial Services Authority (MFSA). It offers over 50 currency pairs, as well as CFDs on indices, commodities, metals, and cryptocurrencies. It supports MetaTrader 4 and 5, as well as its own NSFX Pro platform.
Forex.com vs NSFX Regulation Comparison
- Forex.com has more regulatory licenses than NSFX, which may indicate a higher level of trust and protection for its clients. Forex.com is authorized by the following regulators:
- US Commodity Futures Trading Commission (CFTC)
- US National Futures Association (NFA)
- UK Financial Conduct Authority (FCA)
- Cayman Islands Monetary Authority (CIMA)
- Investment Industry Regulatory Organization of Canada (IIROC)
- Australian Securities and Investments Commission (ASIC)
- Japan Financial Services Agency (JFSA)
- Monetary Authority of Singapore (MAS)
- Financial Sector Conduct Authority of South Africa (FSCA)
- NSFX is only authorized by the Malta Financial Services Authority (MFSA), which is a reputable regulator in the European Union. However, it does not have any other licenses from major jurisdictions.
Forex.com vs NSFX Trading Assets Comparison
- Forex.com has a wider range of trading assets than NSFX, which may appeal to traders who want more diversity and opportunities in the market. Forex.com offers the following instruments:
- Over 80 forex pairs, including majors, minors, and exotics
- CFDs on 15 global indices, such as S&P 500, FTSE 100, and Nikkei 225
- CFDs on 9 commodities, such as gold, oil, and natural gas
- CFDs on 4 metals, such as silver, platinum, and palladium
- CFDs on 5 cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin
- NSFX offers the following instruments:
- Over 50 forex pairs, including majors, minors, and exotics
- CFDs on 12 global indices, such as S&P 500, FTSE 100, and DAX 30
- CFDs on 6 commodities, such as gold, oil, and coffee
- CFDs on 4 metals, such as silver, platinum, and copper
- CFDs on 4 cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and Bitcoin Cash
Forex.com vs NSFX Trading Fees Comparison
Forex.com and NSFX have different fee structures depending on the account type and trading platform. Forex.com charges variable spreads on its Standard account and fixed spreads on its Direct Market Access (DMA) account. NSFX charges variable spreads on its MT4 Fixed account and fixed spreads on its MT4 ECN account. Both brokers also charge commissions on their ECN/DMA accounts.
| Instrument | Forex.com Standard | Forex.com DMA | NSFX MT4 Fixed | NSFX MT4 ECN |
|---|---|---|---|---|
| EUR/USD | 1.3 pips | 0.2 pips + $5 per lot | 3 pips | 0.4 pips + $8 per lot |
| GBP/USD | 2 pips | 0.7 pips + $5 per lot | 4 pips | 0.6 pips + $8 per lot |
| USD/JPY | 1.3 pips | 0.2 pips + $5 per lot | 3 pips | 0.4 pips + $8 per lot |
| Gold | $0.6 per ounce | $0.04 per ounce + $5 per lot | $0.5 per ounce | $0.08 per ounce + $8 per lot |
| S&P 500 | $0.75 per point | $0.25 per point + $5 per lot | $1 per point | $0.4 per point + $8 per lot |
Based on the above table, Forex.com has lower spreads than NSFX on its Standard account, but higher commissions than NSFX on its DMA account. NSFX has lower spreads than Forex.com on its MT4 ECN account, but higher commissions than Forex.com on its MT4 Fixed account. The overall trading costs may vary depending on the trading volume, frequency, and style of each trader.
Forex.com vs NSFX Account Types Comparison
Forex.com and NSFX offer different account types to suit different trading preferences and needs. Forex.com has two main account types: Standard and DMA. NSFX has three main account types: MT4 Fixed, MT4 ECN, and NSFX Pro. The minimum deposit, leverage, and execution type for each account are as follows:
| Account Type | Forex.com Standard | Forex.com DMA | NSFX MT4 Fixed | NSFX MT4 ECN | NSFX Pro |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $25,000 | $300 | $3,000 | $5,000 |
| Maximum Leverage | 50:1 (US), 30:1 (UK/EU), 400:1 (others) | 50:1 (US), 30:1 (UK/EU), 400:1 (others) | 30:1 (UK/EU), 200:1 (others) | 30:1 (UK/EU), 200:1 (others) | 30:1 (UK/EU), 200:1 (others) |
| Execution Type | Market Maker | No Dealing Desk (NDD) | Market Maker | No Dealing Desk (NDD) | No Dealing Desk (NDD) |
Based on the above table, Forex.com has a lower minimum deposit than NSFX for its Standard account, but a higher minimum deposit than NSFX for its DMA account. Forex.com also has a lower maximum leverage than NSFX for its US and UK/EU clients, but a higher maximum leverage than NSFX for its other clients. Forex.com and NSFX both offer NDD execution for their ECN/DMA accounts, which may provide faster and more transparent execution.
Forex.com vs NSFX Deposit Options Comparison
| Option | Forex.com | NSFX |
|---|---|---|
| Bank Wire Transfer | Available for all currencies; no fees for deposits; $25-$40 fees for withdrawals depending on the currency and region | Available for all currencies; no fees for deposits; €20-€40 fees for withdrawals depending on the currency and region |
| Credit/Debit Card | Available for USD, EUR, GBP, CAD, CHF, JPY, AUD, NZD; no fees for deposits; no fees for withdrawals up to the amount of the deposit; $15 fees for withdrawals exceeding the amount of the deposit | Available for USD, EUR; no fees for deposits; no fees for withdrawals |
| Online Payment Methods | Available for USD, EUR, GBP, CAD; includes PayPal, Skrill, Neteller; no fees for deposits; no fees for withdrawals up to the amount of the deposit; $15 fees for withdrawals exceeding the amount of the deposit | Available for USD, EUR; includes Skrill, Neteller; no fees for deposits; no fees for withdrawals |
Forex.com vs NSFX Trading Platforms Comparison
Forex.com and NSFX both support MetaTrader 4 and 5, which are popular and powerful trading platforms that offer advanced charting tools, indicators, automated trading systems, and customizable features.
However, Forex.com also has its own proprietary platform called Advanced Trading Platform (ATP), which is a web-based platform that offers integrated trading tools, market analysis, news feeds, and trading signals. NSFX also has its own proprietary platform called NSFX Pro, which is a desktop-based platform that offers direct market access (DMA), level 2 pricing, one-click trading, and advanced order types.
Forex.com vs NSFX Analytical Tools Comparison
| Tool | Description | Available on |
|---|---|---|
| Economic Calendar | A tool that shows the dates and times of important economic events and indicators that may affect the market movements | Both |
| Market News | A tool that provides the latest news and updates on the financial markets from various sources | Both |
| Trading Signals | A tool that provides buy or sell recommendations based on technical analysis or algorithms | Both |
| Trading Central | A tool that provides market analysis, research reports, indicators, strategies, and webinars from a leading provider of technical analysis | Both |
| Autochartist | A tool that provides automated chart pattern recognition, volatility analysis, market scanner, and performance statistics | Both |
| Recognia | A tool that provides actionable trading ideas based on technical analysis | Only Forex.com |
Forex.com vs NSFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading performance and experience. There are many factors to consider, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools, and customer support. You should also do your own research and compare different brokers before making a final choice.
