Compare Forexee vs NSFX
What is Forexee? What is NSFX?
Forexee is an ECN/DMA online foreign exchange forex broker and currency trading platform that was established in 2004. NSFX is an online trading brokerage that offers forex and CFD trading on the JForex and MT4 platforms. NSFX was founded in 2012 and is regulated by the MFSA in Malta.
Forexee vs NSFX Regulation Comparison
Forexee is registered in Saint Vincent and the Grenadines under the number 21985 IBC 2014. Forexee is not regulated by any major financial authority and does not provide any information about client fund protection or compensation schemes on its website.
NSFX is authorized and regulated by the Malta Financial Services Authority (MFSA) as a MiFID firm and holds a Category 3 Investment Services License (License No.:IS/56519). NSFX also contributes to the Maltese Investor Compensation Scheme, which serves as a limited safety net for certain classes of investors in the event of a participant, such as NSFX, becoming insolven.
Forexee vs NSFX Trading Assets Comparison
Forexee offers over 50 currency pairs, plus metals, cryptocurrencies, and indices for trading. NSFX offers over 140 products for trading, including forex, commodities, indices, and CFDs.
Forexee vs NSFX Trading Fees Comparison
Forexee charges commissions from $1 to $2.5 per lot per side, depending on the account type and trading volume. Forexee also offers variable spreads from 0 pips on its ECN accounts and from 0.5 pips on its STP accounts. NSFX charges commissions from $8 to $10 per lot per side on its ECN accounts, while offering commission-free trading on its STP accounts. NSFX also offers variable spreads from 0.4 pips on its ECN accounts and from 0.9 pips on its STP accounts.
Forexee vs NSFX Account Types Comparison
Forexee offers four types of accounts: Basic STP, Advanced ECN, Premium ECN, and Crypto. The minimum deposit for the Basic STP account is $50, while the other accounts require at least $200. The maximum leverage for all accounts is 1:500.
NSFX offers three types of accounts: Standard STP, Professional ECN, and VIP ECN. The minimum deposit for the Standard STP account is $300, while the other accounts require at least $3,000. The maximum leverage for all accounts is 1:200.
Forexee vs NSFX Deposit Options Comparison
Forexee offers various deposit and withdrawal options, including bank wire transfer, credit/debit cards, Neteller, Skrill, WebMoney, FasaPay, Perfect Money, Bitcoin, Litecoin, and Ethereum. NSFX offers fewer payment methods, including bank wire transfer, credit/debit cards, Neteller, Skrill, and Rapid Transfer.
Forexee vs NSFX Trading Platforms Comparison
Forexee offers the MetaTrader 4 platform for desktop, web, and mobile devices. NSFX offers both the MetaTrader 4 and the JForex platforms for desktop, web, and mobile devices.
Forexee vs NSFX Analytical Tools Comparison
Forexee provides some analytical tools for traders, such as an economic calendar, market news, technical analysis, trading signals, and VPS service. NSFX also provides some analytical tools for traders, such as an economic calendar, market news, technical analysis, trading signals, Trading Central service, and Autochartist service.
Forexee vs NSFX. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, needs, and goals. However, you may consider some of the following factors when making your decision:
- Regulation: NSFX is regulated by the MFSA in Malta, which is a reputable financial authority that follows the MiFID directives and offers client fund protection and compensation schemes. Forexee is registered in Saint Vincent and the Grenadines, which is a less regulated jurisdiction that does not provide any information about client fund security or compensation schemes. If you value regulation and safety of your funds, you may prefer NSFX over Forexee.
- Product range: NSFX offers a wider range of products for trading, including forex, commodities, indices, and CFDs. Forexee offers mainly forex, metals, cryptocurrencies, and indices. If you want to diversify your portfolio and trade various instruments, you may prefer NSFX over Forexee.
- Trading fees: Both brokers charge commissions and spreads on their ECN accounts, while offering commission-free trading on their STP accounts. The commissions and spreads may vary depending on the account type and trading volume. You may want to compare the fees for the specific products and accounts that you are interested in and choose the broker that offers more competitive pricing.
- Account types: Both brokers offer different types of accounts with different minimum deposits, maximum leverage, and trading conditions. Forexee has lower minimum deposits ($50-$200) and higher leverage (1:500) than NSFX ($300-$3,000 and 1:200). Forexee also offers a Crypto account for trading cryptocurrencies. NSFX offers a VIP ECN account for high-volume traders with exclusive benefits. You may want to choose the broker that offers the account type that matches your trading style, budget, and preferences.
- Deposit and withdrawal options: Forexee offers more payment methods than NSFX, including bank wire transfer, credit/debit cards, Neteller, Skrill, WebMoney, FasaPay, Perfect Money, Bitcoin, Litecoin, and Ethereum. NSFX offers fewer payment methods, including bank wire transfer, credit/debit cards, Neteller, Skrill, and Rapid Transfer. You may want to choose the broker that supports the payment method that is convenient and accessible for you.
- Trading platforms: NSFX offers both the MetaTrader 4 and the JForex platforms for desktop, web, and mobile devices. Forexee offers only the MetaTrader 4 platform for desktop, web, and mobile devices. Both platforms are popular and user-friendly among traders and offer various features and tools. However, JForex may have some advantages over MetaTrader 4 in terms of execution speed, stability, customization options, and integration with other platforms. You may want to choose the broker that offers the platform that suits your trading needs and preferences.
- Analytical tools: Both brokers provide some analytical tools for traders, such as an economic calendar, market news, technical analysis, trading signals, VPS service (Forexee), Trading Central service (NSFX), and Autochartist service (NSFX). These tools can help you enhance your trading performance and make informed decisions. You may want to choose the broker that offers the tools that are useful and relevant for your trading strategy.
