Compare NSFX vs RoboMarkets
What is NSFX? What is RoboMarkets?
NSFX is a CFD broker that offers UK investors access to two powerful trading platforms, fee-free deposits and a range of useful tools. NSFX is regulated by the Malta Financial Services Authority (MFSA) and has been operating since 2012.
RoboMarkets is a CFD broker that provides UK traders with a wide range of assets, multiple account types and platforms, low spreads and commissions, and various educational resources. RoboMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has been operating since 2012.
NSFX vs RoboMarkets Regulation Comparison
Both NSFX and RoboMarkets are regulated by reputable authorities in the European Union (EU), which means they have to comply with strict rules and standards to protect their clients’ funds and interests.
However, neither NSFX nor RoboMarkets are regulated by the UK Financial Conduct Authority (FCA), which is considered one of the most stringent regulators in the world. This means that UK traders may not benefit from some of the FCA’s protections, such as the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).
NSFX vs RoboMarkets Trading Assets Comparison
RoboMarkets offers a much wider range of trading assets than NSFX, covering more than 12,000 instruments across various markets, such as forex, stocks, indices, commodities, ETFs, cryptocurrencies and more.
NSFX, on the other hand, has a relatively limited selection of assets, offering only a couple of commodity products, eight indices, over 50 forex pairs, a small range of US stocks and a handful of cryptocurrencies.
NSFX vs RoboMarkets Trading Fees Comparison
Both NSFX and RoboMarkets charge competitive fees for their services, but they have different fee structures depending on the account type and platform chosen by the trader.
NSFX offers two types of accounts: Fixed Spread and ECN. The Fixed Spread account has no commissions but higher spreads, while the ECN account has lower spreads but charges commissions per lot traded. The average spread for EUR/USD on the Fixed Spread account is 0.5 pips, while on the ECN account it is 0.3 pips plus $8 commission per lot.
RoboMarkets offers four types of accounts: Pro-Cent, Pro-Standard, ECN-Pro and Prime. The Pro-Cent and Pro-Standard accounts have no commissions but variable spreads, while the ECN-Pro and Prime accounts have lower spreads but charge commissions per lot traded. The average spread for EUR/USD on the Pro-Cent and Pro-Standard accounts is 1.6 pips, while on the ECN-Pro and Prime accounts it is 0.4 pips plus $4 commission per lot.
NSFX vs RoboMarkets Account Types Comparison
Both NSFX and RoboMarkets offer multiple account types to suit different trading styles and preferences.
NSFX has two main account types: Fixed Spread and ECN. Both accounts require a minimum deposit of $300 and offer leverage up to 1:30 for retail clients and up to 1:200 for professional clients. Both accounts also support GBP as a base currency, which is convenient for UK traders.
RoboMarkets has four main account types: Pro-Cent, Pro-Standard, ECN-Pro and Prime. The Pro-Cent account is designed for beginners who want to trade with micro lots, while the other three accounts are suitable for more experienced traders who want to trade with standard lots. The minimum deposit for the Pro-Cent account is $10, while for the other three accounts it is $100. The leverage for all accounts ranges from 1:1 to 1:2000 depending on the instrument and the client’s category (retail or professional). However, only the Pro-Standard account supports GBP as a base currency; the other three accounts only support EUR or USD.
NSFX vs RoboMarkets Deposit Options Comparison
Both NSFX and RoboMarkets offer a variety of deposit and withdrawal options for their clients, including bank transfers, credit/debit cards, e-wallets and more.
NSFX does not charge any fees for deposits or withdrawals, regardless of the method used. The minimum deposit and withdrawal amount is $300 for bank transfers and $50 for other methods. The processing time for deposits is instant for most methods, except for bank transfers which may take up to 5 business days. The processing time for withdrawals is up to 24 hours for most methods, except for bank transfers which may take up to 10 business days.
RoboMarkets does not charge any fees for deposits, except for bank transfers which may incur a fee of up to 2.6% depending on the currency and the bank. The minimum deposit amount is $10 for most methods, except for bank transfers which may vary depending on the currency and the bank. The processing time for deposits is instant for most methods, except for bank transfers which may take up to 5 business days. RoboMarkets does charge fees for withdrawals, which vary depending on the method used. The minimum withdrawal amount is $10 for most methods, except for bank transfers which may vary depending on the currency and the bank. The processing time for withdrawals is up to 24 hours for most methods, except for bank transfers which may take up to 10 business days.
NSFX vs RoboMarkets Trading Platforms Comparison
Both NSFX and RoboMarkets offer two powerful trading platforms: MetaTrader 4 (MT4) and JForex.
MT4 is a popular platform that supports automated trading, custom indicators, charting tools, market news and more. Both brokers offer MT4 as a desktop application, a web-based platform and a mobile app for iOS and Android devices.
JForex is a platform that offers advanced technical analysis capabilities, market depth, trading strategies, historical data and more. Both brokers offer JForex as a desktop application and a web-based platform, but only RoboMarkets offers JForex as a mobile app for iOS and Android devices.
NSFX vs RoboMarkets Analytical Tools Comparison
Both NSFX and RoboMarkets offer various analytical tools to help their clients make informed trading decisions.
NSFX provides its clients with access to an economic calendar, market news, trading signals, technical analysis and more. NSFX also offers a unique feature called NSFX Academy, which is a comprehensive online learning centre that covers various topics related to trading, such as forex basics, trading strategies, risk management and more.
RoboMarkets provides its clients with access to an economic calendar, market news, trading signals, technical analysis and more. RoboMarkets also offers a unique feature called R Trader Strategy Builder, which is an online tool that allows traders to create and test their own trading robots without any coding skills required.
NSFX vs RoboMarkets. 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, preferences and goals. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some general guidelines to help you compare NSFX and RoboMarkets.
- If you are looking for a broker that offers a wider range of trading assets, lower spreads and commissions, multiple account types and platforms, and a unique tool to create your own trading robots, then RoboMarkets may be a better choice for you.
- If you are looking for a broker that offers fee-free deposits and withdrawals, supports GBP as a base currency, and has a comprehensive online learning centre to improve your trading skills, then NSFX may be a better choice for you.
- If you are looking for a broker that is regulated by the UK FCA, which offers more protection and security for UK traders, then neither NSFX nor RoboMarkets may be suitable for you, as they are both regulated by other EU authorities. You may want to look for other brokers that have an FCA license, such as eToro, IG or Plus500.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both NSFX and RoboMarkets and test their services and platforms before committing to a real account.
