Compare NordFX vs MTrading
What is NordFX? What is MTrading?
NordFX is an international Forex broker established in 2008 that provides online trading platforms and free training for traders. It offers low spreads, high leverage, fast order execution, mobile trading, direct ECN flow and various account types.
MTrading is a global online broker that provides access to Forex, CFDs, metals, stocks, indices and commodities markets. It offers competitive spreads, flexible leverage, multiple payment methods, advanced trading platforms and educational resources.
NordFX vs MTrading Regulation Comparison
NordFX is regulated by the Vanuatu Financial Services Commission (VFSC) and the Cyprus Securities and Exchange Commission (CySEC). It also complies with the European Union’s Markets in Financial Instruments Directive (MiFID) and the International Financial Services Commission (IFSC) of Belize.
MTrading is regulated by the IFSC of Belize and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. It also adheres to the Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.
NordFX vs MTrading Trading Assets Comparison
NordFX offers over 30 currency pairs, 6 cryptocurrencies, 11 stock indices, gold, silver and oil for trading. It also has a PAMM service that allows investors to copy the trades of professional traders.
MTrading offers over 40 currency pairs, 5 cryptocurrencies, 15 stock indices, gold, silver, oil and gas for trading. It also has a Copy Trading service that enables traders to follow and copy the strategies of successful traders.
NordFX vs MTrading Trading Fees Comparison
NordFX charges variable spreads from 0.0 pips on its Pro account and fixed spreads from 2 pips on its Fix account. It also charges a commission of $3.5 per lot on its Zero account. It does not charge any deposit or withdrawal fees.
MTrading charges variable spreads from 1.1 pips on its Standard account and from 0 pips on its Pro account. It also charges a commission of $3 per lot on its Pro account. It does not charge any deposit fees but may charge withdrawal fees depending on the payment method.
NordFX vs MTrading Account Types Comparison
NordFX offers four account types: Fix, Pro, Zero and Stock. The minimum deposit for each account is $10, $250, $500 and $500 respectively. The maximum leverage for each account is 1:1000, 1:1000, 1:1000 and 1:5 respectively.
MTrading offers two account types: Standard and Pro. The minimum deposit for each account is $100 and $500 respectively. The maximum leverage for each account is 1:1000 and 1:500 respectively.
NordFX vs MTrading Deposit Options Comparison
NordFX accepts various payment methods for deposit and withdrawal, such as bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, QIWI Wallet and Bitcoin.
MTrading accepts various payment methods for deposit and withdrawal, such as bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, WebMoney and Bitcoin.
NordFX vs MTrading Trading Platforms Comparison
NordFX provides MetaTrader 4 (MT4) as its main trading platform for desktop, web and mobile devices. MT4 is a popular platform that offers a wide range of tools and features for technical analysis, automated trading, social trading and news feed.
MTrading provides MetaTrader 5 (MT5) as its main trading platform for desktop, web and mobile devices. MT5 is an advanced platform that offers more instruments, indicators, timeframes, order types and execution modes than MT4.
NordFX vs MTrading Analytical Tools Comparison
NordFX and MTrading both offers various analytical tools for traders, such as market analysis and forecasts by experts, economic calendar, trading signals from Trading Central and Autochartist.
NordFX vs MTrading. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Both NordFX and MTrading have their pros and cons, and you should consider them carefully before making a decision.
You can also try out their demo account to test their platform and services before opening a real account. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
