Compare NordFX vs Forex.com
What is NordFX? What is Forex.com?
NordFX is an online forex broker that was established in 2008 and offers trading services in forex, gold, silver, CFDs and cryptocurrencies. NordFX is regulated by the Vanuatu Financial Services Commission (VFSC) and has its headquarters in Port Vila, Vanuatu. NordFX offers trading on the MetaTrader 4 platform with variable spreads, low minimum deposit and leverage up to 1:1000.
Forex.com is an online forex broker that was established in 1999 and offers trading services in forex, CFDs, crypto, indices, commodities, metals, energies, futures, options and ETFs. Forex.com is regulated by multiple authorities, including the CFTC, NFA, FCA, FSA, IIROC, MAS, SFC and CySEC. Forex.com offers trading on various platforms, including MetaTrader 4, DealBook 360 and FOREXTrader PRO with variable spreads, higher minimum deposit and leverage up to 1:200.
NordFX vs Forex.com Regulation Comparison
NordFX is regulated by only one authority, the VFSC of Vanuatu, which is not a very reputable or strict regulator. NordFX does not provide much information about its client fund protection or segregation on its website.
Forex.com is regulated by multiple authorities across different jurisdictions, including the US, UK, Japan, Canada, Singapore, Hong Kong and Cyprus. Forex.com provides more information about its client fund protection and segregation on its website and claims to adhere to high standards of financial reporting and auditing.
NordFX vs Forex.com Trading Assets Comparison
NordFX offers trading in 33 currency pairs, 6 metals, 4 energies and 10 cryptocurrencies.
Forex.com offers trading in more than 80 currency pairs, 15 indices, 9 metals, 6 energies, 10 cryptocurrencies and various other instruments such as futures, options and ETFs.
NordFX vs Forex.com Trading Fees Comparison
NordFX charges variable spreads that start from 0.9 pips for the EUR/USD pair on its Fix account. NordFX also charges commissions of $3.5 per lot for its Pro account and $5 per lot for its Zero account. NordFX does not charge any deposit or withdrawal fees.
Forex.com charges variable spreads that start from 0.8 pips for the EUR/USD pair on its Standard account. Forex.com also charges commissions of $5 per 100k traded for its Commission account. Forex.com does not charge any deposit fees but may charge withdrawal fees depending on the method used.
NordFX vs Forex.com Account Types Comparison
NordFX offers three types of accounts: Fix, Pro and Zero. The Fix account has fixed spreads and no commissions; the Pro account has variable spreads and low commissions; the Zero account has zero spreads and higher commissions. The minimum deposit for all accounts is $10.
Forex.com offers two types of accounts: Standard and Commission. The Standard account has variable spreads and no commissions; the Commission account has lower spreads and commissions per trade. The minimum deposit for both accounts is $250.
NordFX vs Forex.com Deposit Options Comparison
NordFX offers various deposit and withdrawal options, including WebMoney, Skrill, wire transfer, credit/debit cards, Neteller, Perfect Money and Dragonpay.
Forex.com offers fewer deposit and withdrawal options, including wire transfer, credit/debit cards and SOFORT.
NordFX vs Forex.com Trading Platforms Comparison
NordFX offers trading on the MetaTrader 4 platform only with features such as one-click trading, trailing stop and pending orders.
Forex.com offers trading on multiple platforms, including MetaTrader 4, DealBook 360 and FOREXTrader PRO with features such as pending orders.
NordFX vs Forex.com Analytical Tools Comparison
NordFX provides some analytical tools on its website such as economic calendar, market analysis and trading signals.
Forex.com provides more analytical tools on its website such as economic calendar, market news, trading insights and technical analysis.
NordFX vs Forex.com. Which forex broker is better? Which forex broker should you choose?
Choosing the better broker depends on your trading needs and preferences. However, you can consider a number of factors that may influence your decision, such as:
- Regulation: Forex.com is regulated by more reputable and strict authorities than NordFX, which may give you more confidence and security in your trading.
- Trading assets: Forex.com offers more trading assets than NordFX, which may give you more opportunities and diversification in your trading.
- Trading fees: Forex.com and NordFX have different fee structures depending on the account type. You may want to compare their spreads and commissions for the instruments you want to trade and see which one is more cost-effective for you.
- Account types: Forex.com and NordFX have different account types with different features and requirements. You may want to choose the account type that suits your trading style, budget and risk appetite.
- Deposit and withdrawal options: Forex.com has fewer deposit and withdrawal options than NordFX, which may limit your convenience and flexibility in funding and withdrawing your money.
- Trading platforms: Forex.com offers multiple trading platforms while NordFX offers only MetaTrader 4. You may want to choose the platform that you are more familiar and comfortable with or that has more features and tools that you need.
- Analytical tools: Forex.com provides more analytical tools than NordFX, which may help you with your market research, analysis and decision making.
