Compare NPBFX vs IronFX
What is NPBFX? What is IronFX?
NPBFX is a trading name of NMarkets Limited, a company incorporated in the Island of Moheli, Comoros Union, and regulated by the laws of that country. NPBFX also has a partner company in Saint Vincent and the Grenadines that is registered by the Financial Services Authority. NPBFX has been providing brokerage services on the Forex market since 1996 and claims to offer access to interbank liquidity via STP/NDD technology.
IronFX is a trading name of Notesco Limited, a company incorporated in Bermuda and regulated by the Bermuda Monetary Authority. IronFX also has subsidiaries in Cyprus, Australia, the United Kingdom, and South Africa that are regulated by CySEC, ASIC, FCA, and FSCA respectively. IronFX was founded in 2010 and claims to offer access to over 200 tradable instruments from 6 asset classes via MT4 trading platform.
NPBFX vs IronFX Regulation Comparison
NPBFX is regulated by the Financial Commission, an independent self-regulatory organization that provides dispute resolution services for the Forex industry.
IronFX is regulated by multiple authorities in different jurisdictions, such as CySEC in Cyprus, ASIC in Australia, FCA in the United Kingdom, and FSCA in South Africa. These regulators have different rules and standards for protecting investors and ensuring fair and transparent trading practices.
NPBFX vs IronFX Trading Assets Comparison
NPBFX offers trading in 38 currency pairs, gold (XAUUSD), silver (XAGUSD), and oil (Brent and WTI). IronFX offers trading in over 200 instruments from 6 asset classes, including Forex, metals, indices, commodities, futures, and shares.
NPBFX vs IronFX Trading Fees Comparison
NPBFX charges variable spreads that depend on market conditions and liquidity providers. The average spread for EUR/USD is 0.8 pips. NPBFX also charges commissions of $18 per lot for ECN accounts. IronFX charges fixed or variable spreads depending on the account type. The average spread for EUR/USD is 1.1 pips for fixed accounts and 0.7 pips for variable accounts. IronFX does not charge commissions for most account types.
NPBFX vs IronFX Account Types Comparison
NPBFX offers four types of accounts: Master (minimum deposit $10), Expert (minimum deposit $500), VIP (minimum deposit $5,000), and ECN (minimum deposit $5,000). The main differences between these accounts are the spreads, commissions, leverage, minimum lot size, and margin call/stop out levels. NPBFX also offers demo accounts and Islamic accounts.
IronFX offers six types of accounts: Micro (minimum deposit $100), Premium (minimum deposit $2,500), VIP (minimum deposit $20,000), Zero Fixed (minimum deposit $500), Zero Variable (minimum deposit $500), and Absolute Zero (minimum deposit $500).
The main differences between these accounts are the spreads, leverage, minimum lot size, margin call/stop out levels, and swap discounts. IronFX also offers demo accounts and Islamic accounts.
NPBFX vs IronFX Deposit Options Comparison
NPBFX supports various payment methods for depositing and withdrawing funds, such as WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, QIWI, Local bank transfer, and FasaPay. The processing time and fees may vary depending on the payment method and currency.
IronFX supports various payment methods for depositing and withdrawing funds, such as Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto, and Ethereum. The processing time and fees may vary depending on the payment method and currency.
NPBFX vs IronFX Trading Platforms Comparison
NPBFX provides MetaTrader 4 as its trading platform for desktop, web, and mobile devices. MetaTrader 4 is a popular and user-friendly platform that offers various features and tools for trading analysis and execution.
IronFX also provides MetaTrader 4 as its trading platform for desktop, web, and mobile devices. In addition, IronFX offers its own web-based platform called WebTrader, which allows traders to access their accounts from any browser without downloading any software.
NPBFX vs IronFX Analytical Tools Comparison
NPBFX provides various analytical tools for its clients, such as trading signals, trading calculator, chat with experts, and market trends. NPBFX also offers free education materials, such as webinars, seminars, podcasts, and blog posts.
IronFX provides various analytical tools for its clients, such as trading central, market news, economic calendar, and trading videos. IronFX also offers free education materials, such as webinars, seminars, podcasts, and blog posts.
NPBFX vs IronFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences, and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- Regulation: If you value the security and protection of your funds and personal data, you may prefer a broker that is regulated by reputable and strict authorities, such as CySEC, ASIC, FCA, or FSCA. These regulators have high standards for ensuring fair and transparent trading practices, as well as providing compensation schemes and dispute resolution services for investors. IronFX is regulated by multiple authorities in different jurisdictions, while NPBFX is only regulated by the Financial Commission, which is a self-regulatory organization that may not have the same level of oversight and enforcement as the official regulators.
- Trading Assets: If you want to diversify your portfolio and trade in different markets and instruments, you may prefer a broker that offers a wide range of trading assets. IronFX offers over 200 instruments from 6 asset classes, including Forex, metals, indices, commodities, futures, and shares. NPBFX offers only 38 currency pairs, gold, silver, and oil.
- Trading Fees: If you want to minimize your trading costs and maximize your profits, you may prefer a broker that offers low spreads and commissions. The spreads and commissions vary depending on the account type and market conditions. IronFX offers fixed or variable spreads depending on the account type. The average spread for EUR/USD is 1.1 pips for fixed accounts and 0.7 pips for variable accounts. IronFX does not charge commissions for most account types. NPBFX offers variable spreads that depend on market conditions and liquidity providers. The average spread for EUR/USD is 0.8 pips. NPBFX also charges commissions of $18 per lot for ECN accounts.
- Account Types: If you want to choose an account type that suits your trading needs and preferences, you may prefer a broker that offers various account options with different features and benefits. IronFX offers six types of accounts: Micro (minimum deposit $100), Premium (minimum deposit $2,500), VIP (minimum deposit $20,000), Zero Fixed (minimum deposit $500), Zero Variable (minimum deposit $500), and Absolute Zero (minimum deposit $500). The main differences between these accounts are the spreads, leverage, minimum lot size, margin call/stop out levels, and swap discounts. NPBFX offers four types of accounts: Master (minimum deposit $10), Expert (minimum deposit $500), VIP (minimum deposit $5,000), and ECN (minimum deposit $5,000). The main differences between these accounts are the spreads, commissions, leverage, minimum lot size, and margin call/stop out levels.
- Deposit and Withdrawal Options: If you want to fund your account and withdraw your profits easily and conveniently, you may prefer a broker that supports various payment methods with fast processing time and low fees. Both NPBFX and IronFX support various payment methods for depositing and withdrawing funds, such as WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Local bank transfer, and FasaPay. The processing time and fees may vary depending on the payment method and currency.
- Trading Platforms: If you want to access your account and trade from any device and browser without downloading any software, you may prefer a broker that offers a web-based platform. IronFX offers its own web-based platform called WebTrader, which allows traders to access their accounts from any browser without downloading any software. NPBFX only provides MetaTrader 4 as its trading platform for desktop, web, and mobile devices. MetaTrader 4 is a popular and user-friendly platform that offers various features and tools for trading analysis and execution.
- Analytical Tools: If you want to enhance your trading performance and skills with the help of expert analysis and education materials, you may prefer a broker that provides various analytical tools for its clients. Both NPBFX and IronFX provide various analytical tools for their clients, such as trading signals, trading calculator, chat with experts, market trends, trading central, market news, economic calendar, and trading videos. Both brokers also offer free education materials, such as webinars, seminars, podcasts, and blog posts.
These are some of the main factors that you may want to consider when choosing between NPBFX and IronFX. However, there may be other aspects that are important to you, such as customer service, reputation, awards, promotions, etc. Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance.
