Compare FP Markets vs NordFX
What is FP Markets? What is NordFX ?
FP Markets is a global forex and CFD broker that was established in 2005 and is regulated by ASIC, CySEC and FSCA. NordFX is a forex and CFD broker that was established in 2008 and is regulated by VFSC. Both brokers offer trading on various assets, such as forex, indices, commodities, metals, cryptocurrencies and stocks.
FP Markets vs NordFX Regulation Comparison
FP Markets has more regulatory licenses than NordFX, which may indicate a higher level of trustworthiness and security for traders. FP Markets is regulated by ASIC (Australia), CySEC (Cyprus) and FSCA (South Africa), while NordFX is regulated by VFSC (Vanuatu). ASIC and CySEC are considered to be reputable regulators that impose strict rules and standards on brokers, such as capital adequacy, client fund segregation, audit requirements and compensation schemes. FSCA is also a credible regulator that oversees the financial sector in South Africa. VFSC, on the other hand, is a relatively less known regulator that may not offer the same level of protection and oversight as the others.
FP Markets vs NordFX Trading Assets Comparison
Both brokers offer a wide range of trading assets, but FP Markets has a slightly larger portfolio than NordFX. FP Markets offers over 10,000 instruments across 9 asset classes, including forex, indices, commodities, metals, energies, futures, ETFs, options and shares.
NordFX offers over 1,000 instruments across 7 asset classes, including forex, indices, commodities, metals, crypto, stocks and binary options. Both brokers also offer trading on some exotic and emerging markets, such as Vietnam, Turkey and South Africa.
FP Markets vs NordFX Trading Fees Comparison
Both brokers charge variable spreads and commissions on some of their account types. The spreads and commissions may vary depending on the asset, market conditions and account type. FP Markets offers four account types: Standard (no commission, average spread of 1.0 pips on EUR/USD), Raw (commission of $3 per lot per side, average spread of 0.0 pips on EUR/USD), Iress Standard (commission of 0.08% per side, average spread of 0.09 pips on EUR/USD) and Iress Premier (commission of 0.05% per side, average spread of 0.09 pips on EUR/USD).
NordFX offers three account types: Fix (no commission, fixed spread of 2 pips on EUR/USD), Pro (no commission, average spread of 0.9 pips on EUR/USD) and Zero (commission of $3 per lot per side, average spread of 0.3 pips on EUR/USD). Both brokers also charge swap fees for holding positions overnight and may apply other fees such as inactivity fees or withdrawal fees.
FP Markets vs NordFX Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. FP Markets offers four account types: Standard (minimum deposit of $100, leverage up to 1:500), Raw (minimum deposit of $100, leverage up to 1:500), Iress Standard (minimum deposit of $1,000, leverage up to 1:200) and Iress Premier (minimum deposit of $50,000, leverage up to 1:200). NordFX offers three account types: Fix (minimum deposit of $10, leverage up to 1:1000), Pro (minimum deposit of $250, leverage up to 1:1000) and Zero (minimum deposit of $500, leverage up to 1:1000). Both brokers also offer demo accounts for practice and testing purposes.
FP Markets vs NordFX Deposit Options Comparison
Both brokers offer various payment methods for depositing and withdrawing funds from their accounts. FP Markets accepts Apple Pay, Crypto, Credit/debit cards, Dash, Dragonpay, Ethereum, FasaPay Google Pay Litecoin Local bank transfer Neteller Ripple Skrill Tether (USDT) USD Coin (USDC) Wire transfer Zcash
NordFX accepts WebMoney Skrill Wire transfer Credit / debit cards Neteller Perfect Money Dragonpay Both brokers process deposits instantly or within a few hours depending on the method used. Withdrawals may take longer depending on the verification process and the payment provider involved.
FP Markets vs NordFX Trading Platforms Comparison
Both brokers offer MetaTrader 4 and MetaTrader 5 as their main trading platforms. MetaTrader 4 and MetaTrader 5 are popular and widely used platforms that offer advanced charting, technical analysis, automated trading, custom indicators and expert advisors. Both platforms are available as desktop, web and mobile versions for Windows, Mac, iOS and Android devices. FP Markets also offers Iress, a web-based platform that is designed for professional traders and offers direct market access, advanced order types, depth of market, news and analysis. NordFX also offers NordFX Trader, a web-based platform that is designed for binary options trading and offers simple and fast execution, multiple expiry times and payouts up to 85%.
FP Markets vs NordFX Analytical Tools Comparison
Both brokers offer various analytical tools to help traders with their trading decisions and strategies. FP Markets offers Autochartist, a powerful tool that scans the markets for trading opportunities based on technical patterns, Fibonacci levels and key levels. FP Markets also offers Trading Central, a leading provider of market analysis, research and signals. NordFX offers Trading Signals, a service that allows traders to copy the trades of successful traders from the MetaTrader platform. NordFX also offers Economic Calendar, a tool that displays the upcoming economic events and their impact on the markets.
FP Markets vs NordFX . Which forex broker is better? Which forex broker should you choose?
Different brokers may have different advantages and disadvantages depending on your goals, preferences and trading style. However, you can consider some of the following factors to help you choose:
- Regulation: If you value security and protection, you may prefer FP Markets as they have more regulatory licenses than NordFX and are supervised by reputable authorities such as ASIC and CySEC.
- Trading Assets: If you value diversity and variety, you may prefer FP Markets as they offer more trading instruments than NordFX across more asset classes, including futures, ETFs, options and shares.
- Trading Fees: If you value low-cost trading, you may prefer NordFX as they have lower minimum deposits and higher leverage than FP Markets. However, you should also consider the spreads and commissions that may vary depending on the asset and account type.
- Trading Platforms: If you value advanced and professional trading, you may prefer FP Markets as they offer Iress, a web-based platform that offers direct market access, advanced order types, depth of market, news and analysis. However, if you value simplicity and speed, you may prefer NordFX as they offer NordFX Trader, a web-based platform that offers binary options trading with fast execution and high payouts.
- Analytical Tools: If you value technical analysis and automated trading, you may prefer FP Markets as they offer Autochartist and Trading Central, two powerful tools that provide market analysis, research and signals. However, if you value social trading and copying strategies, you may prefer NordFX as they offer Trading Signals, a service that allows you to follow the trades of successful traders from the MetaTrader platform.
Ultimately, the choice is yours and you should do your own research and due diligence before opening an account with any broker. You can also try out their demo account to test their platform and services before committing to real trading.
