Compare NSFX vs eToro
What is NSFX? What is eToro?
NSFX is a forex and CFD broker that offers trading on various platforms, including MT4 and JForex. It was founded in 2012 and is regulated by the Malta Financial Services Authority (MFSA).
eToro is a social trading and multi-asset brokerage platform that allows users to trade and invest in a variety of markets, including cryptocurrencies, stocks, ETFs, currencies, indices, and commodities. It was founded in 2007 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).
NSFX vs eToro Regulation Comparison
Both NSFX and eToro are regulated by reputable authorities in Europe and Australia, which means they have to comply with strict rules and standards to protect their clients’ funds and data.
However, eToro has a wider global reach than NSFX, as it also operates in the US, Canada, Japan, China, and other countries where NSFX does not have a presence. eToro also has more licenses than NSFX, as it is authorized by the Financial Industry Regulatory Authority (FINRA) in the US, the Investment Industry Regulatory Organization of Canada (IIROC) in Canada, the Financial Services Agency (FSA) in Japan, and the National Futures Association (NFA) in the US.
NSFX vs eToro Trading Assets Comparison
NSFX offers trading on over 60 currency pairs, as well as CFDs on indices, commodities, metals, and energies. NSFX does not offer trading on cryptocurrencies or stocks.
eToro offers trading on over 2,000 assets, including more than 100 currency pairs, CFDs on indices, commodities, metals, energies, ETFs, stocks from 17 markets, and over 90 cryptocurrencies. eToro also allows users to buy and sell real stocks and ETFs without leverage or commissions in certain countries.
NSFX vs eToro Trading Fees Comparison
NSFX charges variable spreads on its MT4 platform and fixed spreads on its JForex platform. The average spread for the EUR/USD pair is 0.9 pips on MT4 and 3 pips on JForex. NSFX also charges a commission of $8 per lot round turn on its ECN account.
eToro charges variable spreads on all its assets, except for cryptocurrencies which have fixed spreads. The average spread for the EUR/USD pair is 1 pips on eToro. eToro does not charge any commissions or fees on its trades, except for overnight fees for leveraged positions and withdrawal fees of $5 per transaction.
NSFX vs eToro Account Types Comparison
NSFX offers three types of accounts: Standard, Professional, and ECN. The minimum deposit for the Standard account is $300, for the Professional account is $3,000, and for the ECN account is $5,000. The maximum leverage for all accounts is 1:30 for retail clients and 1:200 for professional clients.
eToro offers only one type of account: Retail. The minimum deposit for the Retail account is $200 for most countries and $50 for some countries such as Australia and the US. The maximum leverage for the Retail account varies depending on the asset class: 1:30 for forex, 1:10 for commodities, 1:5 for stocks and ETFs, 1:2 for cryptocurrencies.
NSFX vs eToro Deposit Options Comparison
NSFX accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa and Mastercard), Skrill, Neteller, Rapid Transfer, Klarna, Trustly, iDeal, Giropay, Przelewy24, Sofort Banking, EPS Netpay.
eToro accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa, Mastercard, Diners Club International), PayPal, Skrill, Neteller, WebMoney, Yandex, UnionPay, Rapid Transfer, Klarna, Trustly, iDeal, Giropay, Przelewy24, Sofort Banking, EPS Netpay, Local Online Banking, Wirecard, Online Bank Transfer.
NSFX vs eToro Trading Platforms Comparison
NSFX offers two trading platforms: MT4 and JForex. MT4 is a popular and user-friendly platform that supports multiple chart types, indicators, expert advisors, and automated trading. JForex is a proprietary platform developed by Dukascopy Bank that offers advanced features such as market depth, trading strategies, and historical data.
eToro offers its own web-based and mobile trading platform that is designed for social trading and multi-asset trading. The eToro platform allows users to copy the trades of other successful traders, join online communities, and access educational resources. The eToro platform also supports multiple chart types, indicators, and trading tools.
NSFX vs eToro Analytical Tools Comparison
NSFX provides various analytical tools for its clients, such as economic calendar, market news, technical analysis, trading signals, and webinars. NSFX also offers a personal account manager and a dedicated support team for its clients.
eToro provides various analytical tools for its clients, such as economic calendar, market news, social newsfeed, trading alerts, and podcasts. eToro also offers a personal investment manager and a 24/7 customer service for its clients.
NSFX vs eToro. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. 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: Both NSFX and eToro are regulated by reputable authorities in Europe and Australia, which means they have to comply with strict rules and standards to protect their clients’ funds and data . However, eToro has a wider global reach than NSFX, as it also operates in the US, Canada, Japan, China, and other countries where NSFX does not have a presence. eToro also has more licenses than NSFX, as it is authorized by the Financial Industry Regulatory Authority (FINRA) in the US, the Investment Industry Regulatory Organization of Canada (IIROC) in Canada, the Financial Services Agency (FSA) in Japan, and the National Futures Association (NFA) in the US. If you are looking for a broker that has more regulatory oversight and access to more markets, you may prefer eToro over NSFX.
- Trading Assets: NSFX offers trading on over 60 currency pairs, as well as CFDs on indices, commodities, metals, and energies. NSFX does not offer trading on cryptocurrencies or stocks. eToro offers trading on over 2,000 assets, including more than 100 currency pairs, CFDs on indices, commodities, metals, energies, ETFs, stocks from 17 markets, and over 90 cryptocurrencies. eToro also allows users to buy and sell real stocks and ETFs without leverage or commissions in certain countries. If you are looking for a broker that has more diversity and variety in its trading assets, you may prefer eToro over NSFX.
- Trading Fees: NSFX charges variable spreads on its MT4 platform and fixed spreads on its JForex platform. The average spread for the EUR/USD pair is 0.9 pips on MT4 and 3 pips on JForex. NSFX also charges a commission of $8 per lot round turn on its ECN account. eToro charges variable spreads on all its assets, except for cryptocurrencies which have fixed spreads. The average spread for the EUR/USD pair is 1 pips on eToro. eToro does not charge any commissions or fees on its trades, except for overnight fees for leveraged positions and withdrawal fees of $5 per transaction. If you are looking for a broker that has lower trading costs and more transparency in its pricing, you may prefer eToro over NSFX.
- Account Types: NSFX offers three types of accounts: Standard, Professional, and ECN. The minimum deposit for the Standard account is $300, for the Professional account is $3,000, and for the ECN account is $5,000. The maximum leverage for all accounts is 1:30 for retail clients and 1:200 for professional clients. eToro offers only one type of account: Retail. The minimum deposit for the Retail account is $200 for most countries and $50 for some countries such as Australia and the US. The maximum leverage for the Retail account varies depending on the asset class: 1:30 for forex, 1:10 for commodities, 1:5 for stocks and ETFs, 1:2 for cryptocurrencies. If you are looking for a broker that has more flexibility and customization in its account types, you may prefer NSFX over eToro.
- Deposit and Withdrawal Options: NSFX accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa and Mastercard), Skrill, Neteller, Rapid Transfer, Klarna, Trustly, iDeal, Giropay, Przelewy24, Sofort Banking, EPS Netpay. eToro accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa, Mastercard, Diners Club International), PayPal, Skrill, Neteller, WebMoney, Yandex, UnionPay, Rapid Transfer, Klarna, Trustly, iDeal, Giropay, Przelewy24, Sofort Banking, EPS Netpay, Local Online Banking, Wirecard, Online Bank Transfer. If you are looking for a broker that has more convenience and speed in its deposit and withdrawal options, you may prefer eToro over NSFX.
- Trading Platforms: NSFX offers two trading platforms: MT4 and JForex. MT4 is a popular and user-friendly platform that supports multiple chart types, indicators, expert advisors, and automated trading. JForex is a proprietary platform developed by Dukascopy Bank that offers advanced features such as market depth, trading strategies, and historical data. eToro offers its own web-based and mobile trading platform that is designed for social trading and multi-asset trading. The eToro platform allows users to copy the trades of other successful traders, join online communities, and access educational resources. The eToro platform also supports multiple chart types, indicators, and trading tools. If you are looking for a broker that has more innovation and interactivity in its trading platforms, you may prefer eToro over NSFX.
- Analytical Tools: NSFX provides various analytical tools for its clients, such as economic calendar, market news, technical analysis, trading signals, and webinars. NSFX also offers a personal account manager and a dedicated support team for its clients. eToro provides various analytical tools for its clients, such as economic calendar, market news, social newsfeed, trading alerts, and podcasts. eToro also offers a personal investment manager and a 24/7 customer service for its clients. If you are looking for a broker that has more support and education in its analytical tools, you may prefer eToro over NSFX.
