Compare FXTM vs NSFX
What is FXTM? What is NSFX?
FXTM, or ForexTime, is a global forex broker that was founded in 2011 and is regulated by several authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Sector Conduct Authority (FSCA) in South Africa.
NSFX, or New Science FX, is a forex broker that was established in 2012 and is regulated by the Malta Financial Services Authority (MFSA) in Malta.
FXTM vs NSFX Regulation Comparison
Both FXTM and NSFX are regulated by reputable authorities in Europe, which means they have to comply with strict rules and standards to protect their clients’ funds and interests. However, FXTM has more regulatory licenses than NSFX, as it is also authorized by regulators in the UK and South Africa, which are considered to be among the most respected in the world.
Additionally, FXTM is a member of the Investor Compensation Fund (ICF) in Cyprus and the Financial Services Compensation Scheme (FSCS) in the UK, which provide compensation to eligible clients in case of broker insolvency. NSFX does not offer such protection to its clients.
FXTM vs NSFX Trading Assets Comparison
FXTM offers a wider range of trading assets than NSFX, as it provides access to over 250 instruments, including forex, stocks, indices, commodities, metals, cryptocurrencies, and ETFs. NSFX only offers forex, indices, commodities, and metals.
Both brokers offer a variety of currency pairs, with FXTM having more than 50 pairs and NSFX having more than 40 pairs. However, FXTM has more exotic and emerging market currencies than NSFX, such as the Turkish lira, the South African rand, the Mexican peso, and the Thai baht.
FXTM vs NSFX Trading Fees Comparison
Both FXTM and NSFX charge variable spreads and commissions depending on the account type and market conditions. However, FXTM generally has lower spreads and commissions than NSFX, especially for its ECN accounts.
For example, according to their websites, the average spread for the EUR/USD pair is 0.4 pips for the FXTM ECN account and 0.9 pips for the NSFX ECN account. The commission per lot is $2 for the FXTM ECN account and $8 for the NSFX ECN account.
Both brokers also charge swap fees for holding positions overnight, as well as deposit and withdrawal fees depending on the payment method.
FXTM vs NSFX Account Types Comparison
FXTM offers six account types: Standard, Cent, Stock CFDs, ECN, ECN Zero, and Pro. Each account has different features and requirements, such as minimum deposit, leverage, lot size, execution type, etc.
NSFX offers three account types: Standard (STP), Professional (ECN), and VIP (ECN). Each account has different features and requirements as well.
The minimum deposit for FXTM ranges from $10 for the Cent account to $25,000 for the Pro account. The minimum deposit for NSFX ranges from $300 for the Standard account to $50,000 for the VIP account.
The maximum leverage for FXTM ranges from 30:1 for EU clients to 2000:1 for non-EU clients depending on the account type and instrument. The maximum leverage for NSFX is 30:1 for all account types and instruments.
FXTM vs NSFX Deposit Options Comparison
FXTM offers more deposit and withdrawal options than NSFX, as it supports various payment methods such as bank wire transfer, credit/debit cards, e-wallets (e.g., Skrill, Neteller), local bank transfers (e.g., NganLuong.vn), cryptocurrencies (e.g., Bitcoin), etc.
NSFX only supports bank wire transfer, credit/debit cards, Skrill, Neteller, and Rapid Transfer as payment methods.
FXTM vs NSFX Trading Platforms Comparison
Both FXTM and NSFX offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used by traders around the world for their advanced features, user-friendly interface, and compatibility with various devices and operating systems.
However, FXTM also offers its own proprietary platform called FXTM Trader, which is a mobile app that allows traders to access the markets anytime and anywhere with a simple tap. NSFX does not have its own platform.
FXTM vs NSFX Analytical Tools Comparison
FXTM provides more analytical tools than NSFX, as it offers various resources and services to help traders improve their skills and performance, such as market analysis, trading signals, economic calendar, webinars, seminars, ebooks, videos, etc.
NSFX also offers some analytical tools, such as market news, economic calendar, trading calculator, etc., but they are less comprehensive and diverse than FXTM’s.
FXTM vs NSFX. Which forex broker is better? Which forex broker should you choose?
FXTM and NSFX are both online forex brokers that offer trading services to clients around the world. However, there are some differences between them that may affect your decision on which one to choose. Here are some of the main factors that you may want to consider:
- Regulation: FXTM is regulated by more authorities than NSFX, including the UK’s FCA and South Africa’s FSCA, which are among the most respected in the world. FXTM also offers compensation schemes to protect its clients in case of broker insolvency, while NSFX does not.
- Trading assets: FXTM offers a wider range of trading assets than NSFX, including stocks, cryptocurrencies, and ETFs, in addition to forex, indices, commodities, and metals. FXTM also has more exotic and emerging market currencies than NSFX, which may appeal to some traders who are looking for more diversity and opportunities.
- Trading fees: FXTM generally has lower spreads and commissions than NSFX, especially for its ECN accounts, which offer faster execution and lower latency. FXTM also has lower minimum deposit requirements than NSFX for most of its account types, which may suit traders with different budgets and preferences.
- Trading platforms: Both FXTM and NSFX offer the popular MT4 and MT5 platforms, which are widely used by traders around the world for their advanced features, user-friendly interface, and compatibility with various devices and operating systems. However, FXTM also offers its own proprietary platform called FXTM Trader, which is a mobile app that allows traders to access the markets anytime and anywhere with a simple tap.
- Analytical tools: FXTM provides more analytical tools than NSFX, such as market analysis, trading signals, economic calendar, webinars, seminars, ebooks, videos, etc. These resources and services can help traders improve their skills and performance, as well as stay updated with the latest market trends and news.
Based on these factors, FXTM seems to have more advantages than NSFX in terms of regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. Therefore, FXTM may be a better choice for traders who are looking for a more diverse, competitive, and supportive forex broker. However, this is not a recommendation or advice, and traders should always do their own research and due diligence before choosing a broker.
