Compare ForexMart vs NSFX
What is ForexMart? What is NSFX?
ForexMart is an online forex broker that offers trading in various currency pairs, CFDs, cryptocurrencies, and metals. ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. ForexMart claims to provide competitive spreads, fast execution, no requotes, negative balance protection, and zero deposit fees.
NSFX is an online forex broker that offers trading in various currency pairs, CFDs, commodities, and indices. NSFX is regulated by the Malta Financial Services Authority (MFSA) and complies with the Markets in Financial Instruments Directive (MiFID). NSFX claims to provide innovative trading platforms, ECN technology, tight spreads, deep liquidity, and secured funds.
ForexMart vs NSFX Regulation Comparison
Both brokers are regulated by reputable authorities in Europe and follow strict standards of security and transparency. However, NSFX has a higher level of regulation than ForexMart, as it is licensed by the MFSA, which is a member of the European Union and the European Economic Area. NSFX also complies with MiFID, which harmonizes the regulation of investment services across the EU.
ForexMart is licensed by CySEC, which is also a member of the EU and the EEA, but its license from the FSA of Saint Vincent and the Grenadines is less reliable, as this jurisdiction is known for its lax regulation and supervision of financial services.
ForexMart vs NSFX Trading Assets Comparison
Both brokers offer a wide range of trading assets, including currency pairs, CFDs, commodities, and indices. However, ForexMart has a slight edge over NSFX in terms of diversity, as it also offers trading in cryptocurrencies and metals. ForexMart offers over 100 trading instruments, while NSFX offers over 70 trading instruments.
ForexMart vs NSFX Trading Fees Comparison
Both brokers charge variable spreads on their trading instruments, which depend on the market conditions and the account type. However, ForexMart generally offers lower spreads than NSFX, especially on major currency pairs.
For example, ForexMart offers a minimum spread of 0.5 pips on EUR/USD, while NSFX offers a minimum spread of 0.9 pips on the same pair. Both brokers do not charge any commission or deposit fees, but they may charge some withdrawal fees depending on the payment method.
ForexMart vs NSFX Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. ForexMart offers three account types: Classic, Pro, and Zero Spread. The Classic account has no minimum deposit requirement and offers fixed spreads from 2 pips. The Pro account requires a minimum deposit of $100 and offers floating spreads from 0.5 pips. The Zero Spread account requires a minimum deposit of $1 and offers zero spreads with a commission of $2 per lot.
NSFX offers two account types: Standard and Professional. The Standard account requires a minimum deposit of $300 and offers floating spreads from 0.9 pips with no commission. The Professional account requires a minimum deposit of $5,000 and offers floating spreads from 0 pips with a commission of $8 per lot.
ForexMart vs NSFX Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods. However, ForexMart has more options than NSFX in terms of e-wallets and local payment methods.
ForexMart supports Skrill, Neteller, PayPal, PayCo, Paxum, Qiwi Wallet, WebMoney, Yandex Money, MegaTransfer, FasaPay, UnionPay China Pay Bank Transfer (CPBT), UnionPay China Pay Card (CPC), UnionPay China Pay E-Wallet (CPE), UnionPay China Pay QR Code (CPQ), UnionPay China Pay Online Payment (CPO), UnionPay China Pay Mobile Payment (CPM), UnionPay China Pay Express Payment (CPEX), UnionPay China Pay Quick Payment (CPQ), UnionPay China Pay Scan Payment (CPS), UnionPay China Pay App Payment (CPA), UnionPay China Pay H5 Payment (CPH), UnionPay China Pay Mini Program Payment (CPMP), UnionPay China Pay WeChat Payment (CPW), UnionPay China Pay Alipay Payment (CPA), UnionPay China Pay JD.com Payment (CPJ), UnionPay China Pay Baidu Wallet Payment (CPB), UnionPay China Pay BestPay Payment (CPB), and UnionPay China Pay 99Bill Payment (CPK). NSFX supports Skrill, Neteller, and Rapid Transfer.
ForexMart vs NSFX Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 (MT4) trading platform, which is widely used by traders around the world for its user-friendly interface, advanced charting tools, technical indicators, automated trading, and market news.
However, NSFX also offers its own proprietary trading platform, called NSFX JForex, which is based on the JForex platform developed by Dukascopy Bank. NSFX JForex offers clients the ultimate trading experience, with exceptional execution, ECN technology, tight spreads, deep liquidity, and a variety of trading tools. Both brokers also offer web-based and mobile versions of their trading platforms for convenient access from any device.
ForexMart vs NSFX Analytical Tools Comparison
Both brokers provide their clients with various analytical tools to help them make informed trading decisions. ForexMart offers market news, economic calendar, forex calculator, VPS service, and free forex signals.
NSFX offers market news, economic calendar, forex calculator, VPS service, and NSFX Academy. The NSFX Academy is a comprehensive educational resource that offers traders various learning materials, such as articles, videos, webinars, e-books, and courses.
ForexMart vs NSFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, preferences, and goals. There is no definitive answer to which broker is better, as each broker has its own strengths and weaknesses. However, here are some possible factors that you may consider when choosing between ForexMart and NSFX:
- Regulation: If you value the security and transparency of your broker, you may prefer NSFX, as it has a higher level of regulation than ForexMart. NSFX is licensed by the MFSA, which is a member of the EU and the EEA, and complies with MiFID, which harmonizes the regulation of investment services across the EU. ForexMart is licensed by CySEC, which is also a member of the EU and the EEA, but its license from the FSA of Saint Vincent and the Grenadines is less reliable, as this jurisdiction is known for its lax regulation and supervision of financial services.
- Trading Assets: If you want to diversify your trading portfolio, you may prefer ForexMart, as it offers more trading assets than NSFX. ForexMart offers over 100 trading instruments, including currency pairs, CFDs, cryptocurrencies, and metals. NSFX offers over 70 trading instruments, including currency pairs, CFDs, commodities, and indices.
- Trading Fees: If you want to save on trading costs, you may prefer ForexMart, as it generally offers lower spreads than NSFX, especially on major currency pairs. For example, ForexMart offers a minimum spread of 0.5 pips on EUR/USD, while NSFX offers a minimum spread of 0.9 pips on the same pair. Both brokers do not charge any commission or deposit fees, but they may charge some withdrawal fees depending on the payment method.
- Account Types: If you have different trading needs and preferences, you may prefer NSFX, as it offers two account types: Standard and Professional. The Standard account requires a minimum deposit of $300 and offers floating spreads from 0.9 pips with no commission. The Professional account requires a minimum deposit of $5,000 and offers floating spreads from 0 pips with a commission of $8 per lot. ForexMart offers three account types: Classic, Pro, and Zero Spread. The Classic account has no minimum deposit requirement and offers fixed spreads from 2 pips. The Pro account requires a minimum deposit of $100 and offers floating spreads from 0.5 pips. The Zero Spread account requires a minimum deposit of $1 and offers zero spreads with a commission of $2 per lot.
- Deposit and Withdrawal Options: If you want to have more flexibility and convenience in funding and withdrawing your money, you may prefer ForexMart, as it supports more e-wallets and local payment methods than NSFX. ForexMart supports Skrill, Neteller, PayPal, PayCo, Paxum, Qiwi Wallet, WebMoney, Yandex Money, MegaTransfer, FasaPay, UnionPay China Pay Bank Transfer (CPBT), UnionPay China Pay Card (CPC), UnionPay China Pay E-Wallet (CPE), UnionPay China Pay QR Code (CPQ), UnionPay China Pay Online Payment (CPO), UnionPay China Pay Mobile Payment (CPM), UnionPay China Pay Express Payment (CPEX), UnionPay China Pay Quick Payment (CPQ), UnionPay China Pay Scan Payment (CPS), UnionPay China Pay App Payment (CPA), UnionPay China Pay H5 Payment (CPH), UnionPay China Pay Mini Program Payment (CPMP), UnionPay China Pay WeChat Payment (CPW), UnionPay China Pay Alipay Payment (CPA), UnionPay China Pay JD.com Payment (CPJ), UnionPay China Pay Baidu Wallet Payment (CPB), UnionPay China Pay BestPay Payment (CPB), and UnionPay China Pay 99Bill Payment (CPK). NSFX supports Skrill, Neteller, and Rapid Transfer.
- Trading Platforms: If you want to have access to innovative and advanced trading platforms, you may prefer NSFX, as it offers its own proprietary trading platform called NSFX JForex in addition to the popular MetaTrader 4 platform. NSFX JForex offers clients the ultimate trading experience with exceptional execution, ECN technology, tight spreads, deep liquidity, and a variety of trading tools. ForexMart only offers MetaTrader 4 as its trading platform.
- Analytical Tools: If you want to enhance your trading skills and knowledge with various analytical tools and educational resources, you may prefer NSFX or ForexMart depending on your preference. Both brokers offer market news, economic calendar, forex calculator, VPS service but they differ in their other offerings. NSFX offers NSFX Academy which is a comprehensive educational resource that offers traders various learning materials such as articles videos webinars e-books courses. ForexMart offers free forex signals which are recommendations for entering or exiting trades based on technical analysis.
