Compare FP Markets vs NSFX
What is FP Markets? What is NSFX ?
FP Markets is a global broker that was established in 2005 and is regulated by ASIC, CySEC and ESMA. It offers a choice of trading platforms, including MetaTrader 4, MetaTrader 5 and IRESS. It has over 10,000 trading instruments across forex, indices, shares, commodities, cryptocurrencies, bonds and ETFs.
NSFX is a broker that was founded in 2012 and is regulated by MFSA. It offers two trading platforms, JForex and MetaTrader 4. It has over 50 trading instruments across forex, CFDs, indices and commodities.
FP Markets vs NSFX Regulation Comparison
FP Markets has more regulatory oversight than NSFX, as it is licensed by three authorities: ASIC in Australia, CySEC in Cyprus and ESMA in Europe. NSFX is only regulated by MFSA in Malta. This means that FP Markets has to comply with stricter rules on client protection, such as segregated funds, negative balance protection and compensation schemes.
FP Markets vs NSFX Trading Assets Comparison
FP Markets has a much wider range of trading assets than NSFX, as it offers over 10,000 instruments compared to NSFX’s 50+. FP Markets has more forex pairs, indices, shares, commodities, cryptocurrencies, bonds and ETFs than NSFX. This gives traders more opportunities to diversify their portfolio and find suitable markets for their strategies.
FP Markets vs NSFX Trading Fees Comparison
FP Markets and NSFX have different fee structures depending on the account type and platform chosen. FP Markets offers two types of accounts: Standard and ECN Raw. The Standard account has no commission but higher spreads, while the ECN Raw account has low spreads but a commission of $3 per lot per side.
NSFX offers three types of accounts: Standard Fixed Spread (STP), ECN Variable Spread (ECN) and Professional (ECN). The STP account has no commission but fixed spreads, while the ECN accounts have variable spreads and a commission of $8 per lot round turn. The fees also vary depending on the platform used.
FP Markets charges higher spreads on IRESS than on MetaTrader 4 or 5, while NSFX charges higher spreads on JForex than on MetaTrader 4. Therefore, traders should compare the fees based on their preferred account type and platform.
FP Markets vs NSFX Account Types Comparison
FP Markets offers two account types: Standard and ECN Raw. The minimum deposit for both accounts is $100. The Standard account has no commission but higher spreads, while the ECN Raw account has low spreads but a commission of $3 per lot per side. FP Markets also offers an Islamic account for Muslim traders who follow Sharia law.
NSFX offers three account types: Standard Fixed Spread (STP), ECN Variable Spread (ECN) and Professional (ECN). The minimum deposit for the STP account is $300, while the minimum deposit for the ECN accounts is $3,000. The STP account has no commission but fixed spreads, while the ECN accounts have variable spreads and a commission of $8 per lot round turn. NSFX also offers an Islamic account for Muslim traders who follow Sharia law.
FP Markets vs NSFX Deposit Options Comparison
FP Markets supports more deposit and withdrawal options than NSFX, as it accepts credit cards, FasaPay, Finrax, Mastercard, MoneyGram, Neteller, PayPal, Perfect Money, Skrill, Visa and wire transfer.
NSFX only accepts Maestro, Mastercard, Neteller, Skrill, Visa and wire transfer. Both brokers do not charge any fees for deposits or withdrawals.
FP Markets vs NSFX Trading Platforms Comparison
FP Markets offers a choice of trading platforms: MetaTrader 4, MetaTrader 5 and IRESS. MetaTrader 4 and 5 are popular platforms that support automated trading, custom indicators and expert advisors. IRESS is a web-based platform that provides advanced charting tools, market depth and news feeds.
NSFX offers two trading platforms: JForex and MetaTrader 4. JForex is a platform developed by Dukascopy Bank that allows traders to access multiple liquidity providers and execute orders with high speed and accuracy. MetaTrader 4 is a popular platform that supports automated trading, custom indicators and expert advisors.
FP Markets vs NSFX Analytical Tools Comparison
FP Markets provides more analytical tools than NSFX, as it offers Autochartist and Trading Central. Autochartist is a tool that scans the market for trading opportunities based on technical analysis and chart patterns. Trading Central is a tool that provides market insights, trading signals and strategies based on fundamental and technical analysis. NSFX only offers Trading Central as an analytical tool.
FP Markets vs NSFX . Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better, as different brokers may suit different traders depending on their preferences, goals and strategies. However, FP Markets seems to have some advantages over NSFX, such as:
- More regulatory oversight
- More trading assets
- More trading platforms
- More analytical tools
- Lower minimum deposit
However, you should also do your own research and appraisal before making a final decision. You can visit the websites of both brokers and try out their demo accounts to get a feel for their services and features. You can also read user reviews and ratings from other traders who have experience with both brokers. Ultimately, the best broker for you is the one that meets your needs and expectations.
