Compare NordFX vs SimpleFX
What is NordFX? What is SimpleFX?
NordFX is an international forex broker established in 2008. It provides online trading platforms and free training for traders. It offers low spreads, high leverage, fast execution, mobile trading and direct ECN flow. It supports 28 FX pairs, metals, crypto, CFD indices, stocks and oil.
SimpleFX is a free trading and investing app that allows users to buy and sell cryptocurrencies and other assets from anywhere. It has no fees, no minimum deposits and no limits on deposits and withdrawals. It supports Bitcoin, Ethereum, Tesla, NDX100, USOIL and more. It also has a social trading feature where users can share their trading ideas and earn revenue share.
NordFX vs SimpleFX Regulation Comparison
NordFX is regulated by the following authorities:
- VFSC (Vanuatu Financial Services Commission)
- CySEC (Cyprus Securities and Exchange Commission)
- SEBI (Securities and Exchange Board of India)
SimpleFX, on the other hand, does not mention any regulatory body on its website. However, it states that it complies with the GDPR (General Data Protection Regulation) and the AML (Anti-Money Laundering) policies.
NordFX vs SimpleFX Trading Assets Comparison
| Asset Type | NordFX | SimpleFX |
|---|---|---|
| Forex | 33 | 60 |
| Metals | 2 | 4 |
| Crypto | 11 | 15 |
| CFD Indices | 11 | 11 |
| Stocks | 73 | 50 |
| Oil | 2 | 2 |
As you can see, SimpleFX has more forex pairs, metals and cryptocurrencies than NordFX, while NordFX has more stocks than SimpleFX.
NordFX vs SimpleFX Trading Fees Comparison
| Asset | NordFX Fix Account | NordFX Pro Account | NordFX Zero Account | SimpleFX Account |
|---|---|---|---|---|
| EURUSD | Spread: 2 pips | Spread: from 0.9 pips | Spread: from 0 pips + Commission: 0.0035% per trade (each side) | Spread: from 0.8 pips |
| BTCUSD | Spread: from $20 | Spread: from $15 | Spread: from $10 + Commission: 0.0035% per trade (each side) | Spread: from $10 |
| TESLA | Spread: from $0.5 | Spread: from $0.4 | Spread: from $0.3 + Commission: 0.0035% per trade (each side) | Spread: from $0.3 |
| GOLD | Spread: from $1 | Spread: from $0.8 | Spread: from $0.6 + Commission: 0.0035% per trade (each side) | Spread: from $0.6 |
NordFX vs SimpleFX Account Types Comparison
NordFX has three account types: Fix, Pro and Zero. Each account type has different features and requirements:
- Fix Account: Minimal deposit of $10, leverage up to 1:1000, no commissions, fixed spreads
- Pro Account: Minimal deposit of $100, leverage up to 1:1000, no commissions, variable spreads
- Zero Account: Minimal deposit of $500, leverage up to 1:1000, commission of 0.0035% per trade (each side), variable spreads, access to interbank liquidity (ECN)
NordFX also has a Savings Account that allows users to invest in stablecoins (USDT, DAI, USDC) and earn an average yearly interest of 30%. Savings account owners can also take loans on their investment to trade, thus generating extra profit on their trading activity.
SimpleFX has only one account type that requires no minimum deposit, no fees and no limits. Users can trade with leverage up to 1:500 and access various assets and features. SimpleFX also has a SimpleFX Coin that is an exclusive token for the platform. Users can stake SFX coins and earn rewards, as well as use them to pay for trading fees, access premium features and participate in promotions.
NordFX vs SimpleFX Deposit Options Comparison
| Option | NordFX | SimpleFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit Card | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| WebMoney | Yes | No |
| Perfect Money | Yes | No |
| Payza | Yes | No |
| QIWI | Yes | No |
| Bitcoin | Yes | Yes |
| Ethereum | Yes | Yes |
| Litecoin | Yes | Yes |
| Bitcoin Cash | Yes | Yes |
| Dash | Yes | Yes |
| Monero | No | Yes |
| Tether | No | Yes |
| DAI | No | Yes |
| USDC | No | Yes |
NordFX vs SimpleFX Trading Platforms Comparison
Both platforms use MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and reliable platform that offers advanced charting tools, indicators, expert advisors, automated trading and more. Users can access MetaTrader 4 on their desktop, web browser or mobile devices.
NordFX also offers its own web-based platform called NordFX Trader’s Cabinet. This platform allows users to manage their accounts, deposits, withdrawals, bonuses, promotions and more.
SimpleFX also offers its own web-based platform called SimpleFX WebTrader. This platform is designed to be simple, fast and user-friendly. It has a modern interface, customizable charts, social trading, news feed, live chat and more.
NordFX vs SimpleFX Analytical Tools Comparison
Both platforms provide various analytical tools for traders to enhance their trading performance and decision making. Here are some of the tools available on each platform:
- NordFX: Market analysis and news, economic calendar, trading signals, VPS service
- SimpleFX: Trading ideas, blog, news TV, live trading, economic calendar
NordFX vs SimpleFX . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and other factors. However, you can consider the following aspects when choosing a forex broker:
- Regulation: If you value security and protection, you may prefer a broker that is regulated by reputable authorities and complies with the relevant laws and policies.
- Trading Assets: If you want to diversify your portfolio and trade different markets, you may prefer a broker that offers a wide range of trading assets and instruments.
- Trading Fees: If you want to save costs and maximize your profits, you may prefer a broker that has low or no fees, commissions and spreads.
- Account Types: If you want to have more flexibility and options, you may prefer a broker that has different account types with different features and requirements.
- Deposit and Withdrawal Options: If you want to have convenience and ease of access, you may prefer a broker that supports various deposit and withdrawal options with no limits or delays.
- Trading Platforms: If you want to have a smooth and enjoyable trading experience, you may prefer a broker that uses a reliable and user-friendly trading platform with advanced tools and features.
- Analytical Tools: If you want to improve your trading skills and knowledge, you may prefer a broker that provides various analytical tools such as market analysis, news, signals, trading ideas and more.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You can also try different brokers with a demo account before making a final decision.
