Compare FxPrimus vs NSFX
What is FxPrimus? What is NSFX?
FxPrimus is an online broker that was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Seychelles (FSA), and the Financial Sector Conduct Authority of South Africa (FSCA). It offers trading in forex, metals, energies, indices, cryptocurrencies, and stocks on the MetaTrader 4 platform.
NSFX is an online broker that was established in 2012 and is regulated by the Malta Financial Services Authority (MFSA) and the Financial Conduct Authority (FCA) of the UK. It offers trading in forex, commodities, indices, and stocks on the MetaTrader 4 platform and its own NSFX Pro platform.
FxPrimus vs NSFX Regulation Comparison
Both FxPrimus and NSFX are regulated by reputable authorities in Europe, which means they have to comply with strict rules regarding client funds protection, anti-money laundering, and fair trading practices. However, FxPrimus has more licenses than NSFX, as it is also regulated in Seychelles and South Africa. This may give FxPrimus an edge in terms of global reach and credibility.
FxPrimus vs NSFX Trading Assets Comparison
Both FxPrimus and NSFX offer a wide range of trading assets, including forex, commodities, indices, and stocks. However, FxPrimus has more options than NSFX, as it also offers trading in metals, energies, and cryptocurrencies. This may give FxPrimus an advantage in terms of diversity and flexibility.
FxPrimus vs NSFX Trading Fees Comparison
Both FxPrimus and NSFX charge variable spreads on their trading instruments, which depend on the market conditions and the account type. However, FxPrimus has lower average spreads than NSFX on most of the major currency pairs. For example, the average spread on EUR/USD is 0.7 pips for FxPrimus and 1.6 pips for NSFX. This may give FxPrimus a benefit in terms of cost-efficiency and profitability.
Both FxPrimus and NSFX also charge commissions on some of their account types, such as the ECN Premium account for FxPrimus and the ECN account for NSFX. The commission rates are similar for both brokers, ranging from $3.5 to $10 per lot depending on the account type and the trading volume.
Both FxPrimus and NSFX also charge other fees, such as swap fees for holding positions overnight, withdrawal fees for certain payment methods, and inactivity fees for dormant accounts. These fees vary depending on the broker’s policy and the client’s activity.
FxPrimus vs NSFX Account Types Comparison
Both FxPrimus and NSFX offer different account types to suit different trading styles and preferences. However, FxPrimus has more account types than NSFX, as it offers four account types: Standard, Premium ECN, VIP ECN, and Variable Spread. NSFX only offers three account types: Standard Fixed Spread (STP), Professional Variable Spread (ECN), and VIP Variable Spread (ECN).
The main differences between the account types are the minimum deposit requirement, the spread type, the commission rate, the leverage ratio, and the available trading instruments. For example, the minimum deposit for FxPrimus ranges from $100 to $10,000 depending on the account type, while the minimum deposit for NSFX ranges from $300 to $5,000 depending on the account type.
Both FxPrimus and NSFX also offer demo accounts for practice trading and Islamic accounts for swap-free trading.
FxPrimus vs NSFX Deposit Options Comparison
Both FxPrimus and NSFX offer various deposit and withdrawal options for their clients. However, FxPrimus has more options than NSFX, as it supports more than 20 payment methods including credit/debit cards, bank wire transfers, e-wallets (such as Skrill, Neteller, ecoPayz), and cryptocurrencies (such as Bitcoin, Ethereum, Litecoin). NSFX only supports six payment methods including credit/debit cards, bank wire transfers, e-wallets (such as Skrill, Neteller), and vouchers (such as Paysafecard).
The deposit and withdrawal fees, processing times, and limits vary depending on the payment method and the broker’s policy. For example, FxPrimus does not charge any deposit fees for most of the payment methods, except for bank wire transfers which may incur fees from the intermediary banks. NSFX does not charge any deposit fees for any of the payment methods. However, both FxPrimus and NSFX charge withdrawal fees for some of the payment methods, such as e-wallets and cryptocurrencies.
FxPrimus vs NSFX Trading Platforms Comparison
Both FxPrimus and NSFX offer the MetaTrader 4 platform, which is one of the most popular and widely used trading platforms in the industry. The MetaTrader 4 platform provides a user-friendly interface, advanced charting tools, technical indicators, automated trading systems, and market news and analysis. The MetaTrader 4 platform is available in desktop, web, and mobile versions for Windows, Mac, iOS, and Android devices.
However, NSFX also offers its own proprietary platform called NSFX Pro, which is designed for professional traders who want more control and customization over their trading environment. The NSFX Pro platform provides a sophisticated interface, enhanced order execution, advanced risk management tools, and access to interbank liquidity. The NSFX Pro platform is only available in desktop and web versions for Windows and Mac devices.
FxPrimus vs NSFX Analytical Tools Comparison
Both FxPrimus and NSFX offer various analytical tools to help their clients make informed trading decisions. However, FxPrimus has more tools than NSFX, as it offers market news, economic calendar, trading signals, technical analysis, fundamental analysis, webinars, videos, ebooks, and courses. NSFX only offers market news, economic calendar, trading signals, technical analysis, webinars, and videos.
FxPrimus 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 as to which broker is better, as different brokers may have different advantages and disadvantages for different traders. However, you can refer to some general guidelines to help you decide:
- If you are looking for a broker with more regulation, global reach, and trading options, you may prefer FxPrimus over NSFX. FxPrimus is regulated by more authorities than NSFX, and it offers trading in more assets, including metals, energies, and cryptocurrencies. FxPrimus also has lower average spreads than NSFX on most of the major currency pairs, which may save you some trading costs.
- If you are looking for a broker with more platform choices, customization, and interbank liquidity, you may prefer NSFX over FxPrimus. NSFX offers its own proprietary platform called NSFX Pro, which is designed for professional traders who want more control and customization over their trading environment. NSFX Pro also provides access to interbank liquidity, which may improve your order execution and pricing.
- If you are looking for a broker with more analytical tools, education, and support, you may prefer FxPrimus over NSFX. FxPrimus offers more tools than NSFX, such as fundamental analysis, ebooks, and courses. FxPrimus also has a dedicated customer service team that is available 24/5 via phone, email, live chat, and social media.
Ultimately, the best way to find out which broker suits you better is to try them out yourself. You can open a demo account with both brokers and test their platforms, services, and features without risking any real money. You can also read some user reviews and feedback from other traders who have experience with both brokers.
