Compare Fortrade vs NSFX
What is Fortrade? What is NSFX?
Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.
NSFX is a forex and CFD broker based in Malta and regulated by the MFSA. The broker offers over 50 currency pairs and various CFDs on indices, commodities and cryptocurrencies. NSFX provides two trading platforms: MetaTrader 4 and JForex.
Fortrade vs NSFX Regulation Comparison
Both Fortrade and NSFX are regulated by reputable authorities in Europe and other regions. Fortrade has licenses from the UK’s Financial Conduct Authority (FCA), Australia’s Securities and Investments Commission (ASIC), Cyprus’ Securities and Exchange Commission (CySEC), Belarus’ National Bank of the Republic of Belarus (NBRB), Mauritius’ Financial Services Commission (FSC) and Canada’s Investment Industry Regulatory Organization of Canada (IIROC).
NSFX is authorized and regulated by the Malta Financial Services Authority (MFSA) as a MiFID firm and holds a Category 3 Investment Services License. NSFX also complies with the standards of other regulators such as the UK’s FCA, Germany’s BaFin, France’s ACP, Spain’s CNMV, Denmark’s Finanstilsynet and more.
Fortrade vs NSFX Trading Assets Comparison
Fortrade offers a wider range of trading assets than NSFX, covering more than 300 instruments across various markets. Fortrade’s list of leveraged CFDs includes forex, stocks, bonds, indices, commodities, cryptocurrencies, DMAs, ETFs and bonds. Fortrade also offers spot trading on some assets such as gold and silver.
NSFX focuses mainly on forex and CFDs, offering over 50 currency pairs and several CFDs on indices, commodities and cryptocurrencies. NSFX does not offer spot trading or other types of instruments such as bonds or ETFs.
Fortrade vs NSFX Trading Fees Comparison
Both Fortrade and NSFX charge no commission on their trades, but they differ in their spreads and other fees. Fortrade offers variable spreads that depend on the market conditions and the type of instrument. For example, the average spread on the EUR/USD pair is 2 pips, while the average spread on the UK100 index is 2 points. Fortrade also charges swap fees for holding positions overnight, as well as an inactivity fee of $10 per month after six months of no trading activity.
NSFX offers two types of accounts: Standard and ECN. The Standard account has fixed spreads that start from 3 pips on major currency pairs, while the ECN account has variable spreads that start from 0.4 pips on major currency pairs. NSFX also charges swap fees for overnight positions, as well as a $10 monthly inactivity fee after three months of no trading activity. Additionally, NSFX charges a $25 withdrawal fee for bank transfers.
Fortrade vs NSFX Account Types Comparison
Fortrade offers only one type of account for all its clients, regardless of their experience level or trading style. The minimum deposit to open an account with Fortrade is $100. Fortrade also offers an unlimited time demo account for practice purposes.
NSFX offers two types of accounts: Standard and ECN. The Standard account is suitable for beginners and intermediate traders who want fixed spreads and no commission. The ECN account is designed for advanced traders who want variable spreads and access to the interbank market. The minimum deposit to open a Standard account with NSFX is $300, while the minimum deposit to open an ECN account with NSFX is $3,000. NSFX also offers a demo account that expires after 30 days.
Fortrade vs NSFX Deposit Options Comparison
Both Fortrade and NSFX offer multiple payment methods for depositing and withdrawing funds from their accounts. Fortrade accepts credit cards, debit cards, wire transfers, Neteller, Skrill, PayPal and more. The minimum deposit amount is $100 for all methods except wire transfers, which have no minimum amount. The minimum withdrawal amount is $50 for all methods except wire transfers, which have a minimum amount of $100 or equivalent in other currencies. Fortrade does not charge any deposit or withdrawal fees, except for wire transfers, which may incur bank charges.
NSFX accepts credit cards, debit cards, wire transfers, Neteller, Skrill and more. The minimum deposit amount is $300 for all methods. The minimum withdrawal amount is $50 for all methods except wire transfers, which have a minimum amount of $100 or equivalent in other currencies. NSFX does not charge any deposit fees, but it charges a $25 withdrawal fee for wire transfers.
Fortrade vs NSFX Trading Platforms Comparison
Fortrade offers two trading platforms: MetaTrader 4 and its own proprietary platform. MetaTrader 4 is a popular and widely used platform that supports multiple charting tools, indicators, expert advisors and automated trading. Fortrade’s proprietary platform is a web-based and user-friendly platform that offers fast execution, advanced risk management tools, customisable layouts and access to Fortrade’s educational resources. Both platforms are also available as mobile apps for iOS and Android devices.
NSFX offers two trading platforms: MetaTrader 4 and JForex. MetaTrader 4 is the same platform as offered by Fortrade, with similar features and functionalities. JForex is a platform developed by Dukascopy Bank that offers exceptional execution, integrated ECN and STP technology, tight spreads, deep liquidity and access to various trading strategies and indicators. Both platforms are also available as desktop applications and mobile apps for iOS and Android devices.
Fortrade vs NSFX Analytical Tools Comparison
Both Fortrade and NSFX offer various analytical tools to help their clients make informed trading decisions. Fortrade provides market news, analysis, signals, charts, calendars, calculators and more on its website and platforms. Fortrade also offers comprehensive educational resources and content, such as webinars, videos, ebooks, courses and quizzes.
NSFX provides market news, analysis, signals, charts, calendars, calculators and more on its website and platforms. NSFX also offers Trading Central, a third-party service that provides technical analysis, market commentary, trading ideas and strategies. NSFX also offers some educational resources and content, such as videos, articles, glossary and FAQs.
Fortrade 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 goals and risk appetite. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages.
Fortrade is a multi-asset, multi-regulated broker that offers trading opportunities on a wide range of instruments, including forex, stocks, bonds, commodities, indices, cryptocurrencies and more. Fortrade has licenses from several reputable authorities in Europe and other regions, such as the UK’s FCA, Australia’s ASIC, Cyprus’ CySEC and Canada’s IIROC. Fortrade offers competitive fees and spreads, as well as support for MetaTrader 4 and its own proprietary platform. Fortrade also provides various analytical tools and educational resources to help its clients improve their trading skills and knowledge.
NSFX is a forex and CFD broker based in Malta and regulated by the MFSA. NSFX offers over 50 currency pairs and various CFDs on indices, commodities and cryptocurrencies. NSFX provides two types of accounts: Standard and ECN. The Standard account has fixed spreads and no commission, while the ECN account has variable spreads and access to the interbank market. NSFX also offers two trading platforms: MetaTrader 4 and JForex. NSFX also provides Trading Central, a third-party service that provides technical analysis, market commentary, trading ideas and strategies.
Some of the main differences between Fortrade and NSFX are:
- Fortrade offers a wider range of trading assets than NSFX, covering more than 300 instruments across various markets.
- Fortrade offers only one type of account for all its clients, while NSFX offers two types of accounts: Standard and ECN.
- Fortrade offers variable spreads that depend on the market conditions and the type of instrument, while NSFX offers fixed spreads for the Standard account and variable spreads for the ECN account.
- Fortrade charges no deposit or withdrawal fees, except for wire transfers, while NSFX charges a $25 withdrawal fee for wire transfers.
- Fortrade offers its own proprietary platform as well as MetaTrader 4, while NSFX offers JForex as well as MetaTrader 4.
Ultimately, the choice between Fortrade and NSFX depends on your personal preferences, trading goals and risk appetite. You may want to consider factors such as regulation, fees, spreads, assets, platforms, tools and education when comparing these two brokers. You may also want to try out their demo accounts to get a feel of their platforms and services before making a final decision.
