Compare NordFX vs Amega
What is NordFX? What is Amega?
NordFX is a forex and CFD broker that was founded in 2008 and is regulated by CySEC, VFSC and SEBI. NordFX offers trading on over 300 instruments, including forex, metals, cryptocurrencies, stocks, indices and commodities. NordFX provides access to the MetaTrader 4 and MetaTrader 5 platforms, as well as its own web-based platform and mobile app. NordFX also offers copy trading, PAMM accounts, educational resources and customer support in multiple languages.
Amega is an offshore STP broker that was established in 2017 and is registered with the Marshall Islands. Amega offers trading on over 100 instruments, including forex, stocks, indices, commodities and cryptocurrencies. Amega provides access to the MetaTrader 5 platform only, as well as a web-based platform and mobile app. Amega also offers swap-free Islamic accounts, a free demo account, a no deposit bonus and customer support in multiple languages.
NordFX vs Amega Regulation Comparison
NordFX has a higher level of regulation than Amega, as it is licensed by three reputable authorities: the Cyprus Securities and Exchange Commission (CySEC), the Vanuatu Financial Services Commission (VFSC) and the Securities and Exchange Board of India (SEBI). NordFX also participates in the Investor Compensation Fund (ICF) in Cyprus, which protects clients’ funds up to €20,000 in case of broker insolvency.
Amega, on the other hand, is not regulated by any trusted financial authority, as it is only registered with the Marshall Islands, which is a known offshore jurisdiction with lax oversight and low transparency. Amega does not offer any protection or compensation scheme for clients’ funds in case of broker bankruptcy or fraud.
NordFX vs Amega Trading Assets Comparison
NordFX has a wider range of trading assets than Amega, as it offers over 300 instruments across six asset classes: forex, metals, cryptocurrencies, stocks, indices and commodities. NordFX also has more currency pairs (33 vs 70), more cryptocurrencies (15 vs 5) and more stocks (70 vs 25) than Amega.
Amega has a narrower range of trading assets than NordFX, as it offers over 100 instruments across five asset classes: forex, stocks, indices, commodities and cryptocurrencies. Amega has fewer currency pairs (33 vs 70), fewer cryptocurrencies (5 vs 15) and fewer stocks (25 vs 70) than NordFX.
NordFX vs Amega Trading Fees Comparison
NordFX has lower trading fees than Amega, as it offers lower spreads and commissions on most of its account types. NordFX has four account types: Fix (fixed spreads from 2 pips), Pro (variable spreads from 0.9 pips), Zero (variable spreads from 0 pips + commission of $3.5 per lot) and Crypto (variable spreads from 1 pip + commission of 0.25%). NordFX also offers swap-free accounts for Islamic traders.
Amega has higher trading fees than NordFX, as it offers higher spreads and commissions on its account types. Amega has eight account types: Premium MT5 (variable spreads from 0.8 pips), Scalper MT5 (variable spreads from 0 pips + commission of $3 per lot), SwapFree MT5 (variable spreads from 0 pips + commission of $3 per lot + swap fee), Mini MT5 (fixed spreads from 3 pips), ECN MT5 (variable spreads from -1 pip + commission of $2 per lot), PAMM Premium MT5 (variable spreads from 0.8 pips + performance fee), PAMM Scalper MT5 (variable spreads from 0 pips + commission of $3 per lot + performance fee) and PAMM SwapFree MT5 (variable spreads from 0 pips + commission of $3 per lot + swap fee + performance fee).
NordFX vs Amega Account Types Comparison
NordFX has simpler account types than Amega, as it offers four account types that cater to different trading styles and preferences: Fix (for beginners and traders who prefer fixed spreads), Pro (for experienced traders who prefer variable spreads), Zero (for scalpers and high-volume traders who prefer low spreads and commissions) and Crypto (for traders who want to trade cryptocurrencies). NordFX also allows traders to open multiple accounts under one login.
Amega has more complex account types than NordFX, as it offers eight account types that have different features and requirements: Premium MT5 (for traders who want to trade commission-free with variable spreads), Scalper MT5 (for scalpers and high-volume traders who want to trade with low spreads and commissions), SwapFree MT5 (for Islamic traders who want to trade with no swaps but with a swap fee), Mini MT5 (for beginners and traders who want to trade with fixed spreads and low minimum deposit), ECN MT5 (for traders who want to trade with ECN execution and low spreads and commissions), PAMM Premium MT5 (for investors who want to copy the trades of successful traders with a performance fee), PAMM Scalper MT5 (for investors who want to copy the trades of scalpers with a performance fee) and PAMM SwapFree MT5 (for Islamic investors who want to copy the trades of swap-free traders with a performance fee). Amega also allows traders to open multiple accounts under one login.
NordFX vs Amega Deposit Options Comparison
NordFX has more deposit and withdrawal options than Amega, as it supports over 20 payment methods, including credit/debit cards, bank transfers, e-wallets, cryptocurrencies and local payment systems. NordFX does not charge any deposit or withdrawal fees, except for bank transfers, which may incur fees from the intermediary banks. NordFX also processes withdrawal requests within one working day.
Amega has fewer deposit and withdrawal options than NordFX, as it supports over 10 payment methods, including credit/debit cards, bank transfers, e-wallets, cryptocurrencies and local payment systems. Amega does not charge any deposit fees, but it does charge withdrawal fees on some payment methods, such as bank transfers ($30), Perfect Money (0.5%), Sticpay (2.5%) and Bitcoin (0.0005 BTC). Amega also processes withdrawal requests within one working day.
NordFX vs Amega Trading Platforms Comparison
NordFX has more trading platforms than Amega, as it offers both MetaTrader 4 and MetaTrader 5, as well as its own web-based platform and mobile app. NordFX’s platforms are user-friendly, customizable and equipped with advanced trading tools, such as charting, indicators, expert advisors, signals, news and market analysis.
Amega has fewer trading platforms than NordFX, as it offers only MetaTrader 5, as well as a web-based platform and mobile app. Amega’s platforms are also user-friendly, customizable and equipped with advanced trading tools, such as charting, indicators, expert advisors, signals, news and market analysis.
NordFX vs Amega Analytical Tools Comparison
NordFX has more analytical tools than Amega, as it offers a range of market research and educational resources on its website and platforms, such as economic calendar, trading signals, market analysis, webinars, video tutorials, articles and glossary.
Amega has fewer analytical tools than Amega, as it offers a limited range of market research and educational resources on its website and platforms, such as economic calendar, trading signals and market analysis.
NordFX vs Amega . Which forex broker is better? Which forex broker should you choose?
The answer to which forex broker is better or which one you should choose depends on your personal preferences, trading goals and risk appetite. However, NordFX seems to have some advantages over Amega, such as:
- Higher level of regulation and protection for clients’ funds
- Wider range of trading assets and currency pairs
- Lower trading fees and commissions on most account types
- More deposit and withdrawal options with no fees
- More trading platforms with MetaTrader 4 and MetaTrader 5
Therefore, you may want to consider NordFX as a better option than Amega, unless you have specific reasons to prefer Amega, such as:
- Higher leverage up to 1:1000
- No deposit bonus and turnover rebates
- Swap-free Islamic accounts and PAMM accounts
Ultimately, the choice is yours and you should do your own research and due diligence before opening an account with any broker. You can also try their demo accounts to test their services and platforms before investing real money.
