Compare IronFX vs NSFX
What is IronFX? What is NSFX?
IronFX is a global online broker that offers CFDs and forex trading on various platforms, including MT4 and its own web-based platform. IronFX was founded in 2010 and is regulated by several authorities, such as the FCA, CySEC, ASIC, and FSCA.
NSFX is an online broker that specializes in forex trading and also offers CFDs on indices and commodities. NSFX was established in 2012 and is regulated by the MFSA in Malta, as well as being MiFID compliant and registered with several European regulators, such as the FCA, BaFin, ACP, CNMV, and Finanstilsynet.
IronFX vs NSFX Regulation Comparison
Both IronFX and NSFX are regulated brokers that comply with high standards of investor protection and transparency. However, IronFX has more licenses and registrations than NSFX, which may indicate a wider scope of operations and a stronger reputation in the industry. IronFX is also a member of the Investor Compensation Fund (ICF) in Cyprus, which covers up to €20,000 per client in case of insolvency. NSFX contributes to the Maltese Investor Compensation Scheme (ICS), which covers up to €20,000 per client as well.
IronFX vs NSFX Trading Assets Comparison
IronFX offers a wider range of trading assets than NSFX, as it provides CFDs on forex, metals, futures, stocks, indices, and cryptocurrencies. NSFX only offers CFDs on forex, indices, and commodities. IronFX also has more currency pairs (over 120) than NSFX (over 50), which may appeal to traders who want more diversity and flexibility in their trading strategies.
IronFX vs NSFX Trading Fees Comparison
Both IronFX and NSFX charge variable spreads on their CFDs and forex products, which depend on the market conditions and the account type. IronFX claims to offer tight spreads starting from 0 pips on its ECN accounts, while NSFX claims to offer competitive spreads starting from 0.4 pips on its STP accounts. However, both brokers also charge commissions on some of their accounts, which may affect the overall trading costs. IronFX charges $18 per lot on its ECN accounts and $50 per million on its Zero Fixed Spread account. NSFX charges $8 per lot on its ECN accounts. Both brokers also charge swap fees for holding positions overnight, as well as inactivity fees for dormant accounts.
IronFX vs NSFX Account Types Comparison
Both IronFX and NSFX offer different account types to suit different trading styles and preferences. IronFX has four main account types: Micro, Premium, VIP, and Zero Fixed Spread. The minimum deposit for these accounts ranges from $100 to $20,000. IronFX also offers ECN accounts with a minimum deposit of $500 and STP accounts with no minimum deposit requirement. NSFX has three main account types: Standard (STP), Professional (ECN), and VIP. The minimum deposit for these accounts ranges from $300 to $5,000. Both brokers also offer demo accounts for practice and Islamic accounts for swap-free trading.
IronFX vs NSFX Deposit Options Comparison
Both IronFX and NSFX offer various deposit and withdrawal options for their clients, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller), and local payment methods (Giropay, Sofort).
However, IronFX has more options than NSFX, as it also accepts PayPal, WebMoney, Dotpay, China UnionPay, FasaPay, SafeCharge, Ecommpay, Trustly, PaySafeCard, MIR Limited UK Ltd., Wirecard AG Germany & Wirecard UK Ltd., Emerchantpay Ltd., Skrill Limited UK & Skrill International Payments Ltd., Neteller UK Ltd., Worldpay UK Ltd., Worldpay AP Ltd., Worldpay BV Netherlands & Worldpay Limited UK. Both brokers do not charge any fees for deposits or withdrawals, but they may have minimum or maximum limits depending on the method used.
IronFX vs NSFX Trading Platforms Comparison
Both IronFX and NSFX offer the popular MetaTrader 4 (MT4) platform as one of their trading platforms. MT4 is a user-friendly and customizable platform that supports multiple order types, charting tools, indicators, automated trading systems (EAs), and market analysis features. Both brokers also offer their own web-based platforms that are accessible from any browser and device. IronFX’s web platform is called WebTrader, while NSFX’s web platform is called NSFX Pro. Both platforms have similar features and functionalities as MT4, such as live quotes, charts, news, trading history, and account management . However, NSFX also offers another platform called JForex, which is a Java-based platform that supports ECN trading and has advanced features such as depth of market, trading from charts, and algorithmic trading.
IronFX vs NSFX Analytical Tools Comparison
Both IronFX and NSFX provide various analytical tools and resources for their clients to enhance their trading performance and knowledge. IronFX offers market news, economic calendar, trading signals, market analysis, webinars, seminars, ebooks, videos, and a blog. NSFX offers market news, economic calendar, trading signals, market analysis, webinars, ebooks, videos, and a blog as well.
However, IronFX also offers some additional tools that NSFX does not have, such as a VPS service, a personal account manager, a personal multi-account manager (PMAM), and an affiliate program.
IronFX 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 it depends on your personal preferences, trading goals and risk appetite. However, here are some general suggestions as to which broker might be a better fit for you in different respects:
- If you are looking for a broker with more licenses and registrations, a wider range of trading assets, more deposit and withdrawal options, and more analytical tools, then IronFX may be a better choice for you. IronFX has more regulatory oversight than NSFX, which may give you more confidence and security in your trading. IronFX also offers more diversity and flexibility in your trading strategies, as it provides CFDs on forex, metals, futures, stocks, indices, and cryptocurrencies. IronFX also has more payment methods and additional services that may enhance your trading experience and performance.
- If you are looking for a broker with lower minimum deposit requirements, lower commissions, and more platform options, then NSFX may be a better choice for you. NSFX has lower entry barriers than IronFX, as it requires less initial capital to open an account. NSFX also charges lower commissions than IronFX on its ECN accounts, which may reduce your trading costs. NSFX also offers more platform options than IronFX, as it provides JForex in addition to MT4 and its own web-based platform.
Ultimately, the best way to decide which forex broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their platforms, products, services, and features. You can also compare their live spreads, execution speed, customer support, and educational resources. By doing so, you can get a firsthand experience of their advantages and disadvantages and make an informed decision based on your own needs and preferences.
