Compare FX Choice vs NSFX
What is FX Choice? What is NSFX?
FX Choice is an online forex broker that offers trading services in forex, commodities, indices, shares and cryptocurrencies. FX Choice claims to provide competitive and superior service for over 10 years with flexible leverage, low minimum deposit, no commissions and various bonuses.
NSFX is also an online forex broker that offers trading services in forex, commodities and indices. NSFX claims to provide a unique forex experience for professionals by professionals with regulated broker, perpetual innovation, secured funds and pure ECN.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
FX Choice vs NSFX Regulation Comparison
FX Choice is regulated by the International Financial Services Commission (IFSC) of Belize with license number IFSC/60/191/TS/19. NSFX is regulated by the Malta Financial Services Authority (MFSA) with license number IS/56519 and complies with the Markets in Financial Instruments Directive (MiFID) of the European Union. 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 insolvency.
FX Choice vs NSFX Trading Assets Comparison
FX Choice offers trading in 36 forex pairs, 7 cryptocurrencies, 15 indices, 2 commodities and 63 shares. NSFX offers trading in 50 forex pairs, 3 commodities and 12 indices.
FX Choice vs NSFX Trading Fees Comparison
FX Choice charges variable spreads on its Classic account and fixed commissions on its Pro account. The average spread for EUR/USD on the Classic account is 0.5 pips and the commission for the Pro account is $3.5 per lot per side. NSFX charges variable spreads on its Standard account and fixed commissions on its Professional and VIP accounts. The average spread for EUR/USD on the Standard account is 1.9 pips and the commission for the Professional and VIP accounts is $8 per lot per side.
FX Choice vs NSFX Account Types Comparison
FX Choice offers two types of accounts: Classic and Pro. The Classic account has a minimum deposit of $100, a maximum leverage of 1:2000 and no commissions. The Pro account has a minimum deposit of $100, a maximum leverage of 1:200 and commissions of $7 per lot round turn.
NSFX offers three types of accounts: Standard, Professional and VIP. The Standard account has a minimum deposit of $300, a maximum leverage of 1:200 and no commissions. The Professional account has a minimum deposit of $3,000, a maximum leverage of 1:100 and commissions of $16 per lot round turn. The VIP account has a minimum deposit of $50,000, a maximum leverage of 1:100 and commissions of $16 per lot round turn.
FX Choice vs NSFX Deposit Options Comparison
FX Choice offers various deposit and withdrawal options such as bank wire transfer, credit/debit cards, Skrill, Neteller, Perfect Money, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, XRP and Tether. FX Choice does not charge any fees for deposits or withdrawals except for bank wire transfers which may incur intermediary bank fees.
NSFX offers limited deposit and withdrawal options such as bank wire transfer, credit/debit cards and Skrill. NSFX does not charge any fees for deposits or withdrawals except for bank wire transfers which may incur intermediary bank fees.
FX Choice vs NSFX Trading Platforms Comparison
FX Choice offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications, web terminals and mobile apps. MT4 is the most popular trading platform in the world that allows trading CFDs in various markets with advanced charting tools, indicators and automated trading systems. MT5 is the bigger and younger brother of MT4 that offers enhanced analytical tools, more order types, more timeframes and more instruments.
NSFX offers one trading platform: JForex. JForex is a proprietary platform developed by Dukascopy Bank that allows trading CFDs in various markets with exceptional execution due to the integrated ECN and STP technology and the tightest spreads due to the deep liquidity from Tier 1 liquidity providers. JForex is available as a desktop application, a web terminal and a mobile app.
FX Choice vs NSFX Analytical Tools Comparison
FX Choice provides some analytical tools such as economic calendar, market news, market analysis, trading signals and VPS service. These tools are designed to help traders stay informed of the market events, trends and opportunities.
NSFX provides some analytical tools such as economic calendar, market news, market analysis, trading signals and NSFX Academy. These tools are designed to help traders stay informed of the market events, trends and opportunities as well as to improve their skills and knowledge through educational resources.
FX Choice 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. It depends on your personal preferences, trading style, goals and risk appetite. However, here are some pros and cons of each broker to help you make an informed decision.
FX Choice Pros:
- Offers more trading instruments, including cryptocurrencies and shares
- Offers both MT4 and MT5 platforms, which are widely used and supported by many traders and developers
- Offers flexible leverage up to 1:2000 and low minimum deposit of $100
- Offers no commissions on the Classic account and low commissions on the Pro account
- Offers various deposit and withdrawal options, including cryptocurrencies and e-wallets
- Offers various bonuses and promotions for new and existing clients
FX Choice Cons:
- Regulated by a less reputable authority (IFSC) in a less stable jurisdiction (Belize)
- Does not offer any protection scheme for clients’ funds in case of insolvency
- Does not offer any proprietary platform or unique features
NSFX Pros:
- Regulated by a reputable authority (MFSA) in a stable jurisdiction (Malta) and complies with the EU standards (MiFID)
- Offers protection scheme for clients’ funds up to €20,000 in case of insolvency
- Offers pure ECN execution with tight spreads and deep liquidity from Tier 1 providers
- Offers a proprietary platform (JForex) with exceptional execution and advanced features
NSFX Cons:
- Offers fewer trading instruments, excluding cryptocurrencies and shares
- Offers only one platform (JForex), which may not be compatible or familiar with some traders and developers
- Offers lower leverage up to 1:200 and higher minimum deposit of $300
- Offers higher commissions on the Professional and VIP accounts
- Offers limited deposit and withdrawal options, excluding cryptocurrencies and e-wallets
- Does not offer any bonuses or promotions for new or existing clients
