BlackBull vs NSFX - ECN Broker Comparison

BlackBull vs NSFX | Online Brokerage Comparison

BlackBull Markets vs NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$300MT4, JForex60+

BlackBull and NSFX Comparison

These are both ECN brokers, offering MetaTrader 4 (MT4) and providing a trading environment for traders who use both automated and non-automated trading strategies. In addition to MT4, NSFX provides JForex. NSFX has a considerably higher minimum deposit to access its ECN accounts ($3000-$5000 vs $200). However BlackBull's ECN account which charges commissions has a minimum deposit of $2000. NSFX also offers an MT4 Fixed account with fixed spreads on Forex majors, which has a minimum deposit of $300. Both have a similar number of markets to trade.

Quick comparison

Both are MT4 ECN brokers. NSFX also offers JForex. BlackBull has a lower minimum deposit.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for NSFX is $300 (the minimum deposit for ECN trading is $3000).

  • BlackBull offers an ECN Standard account with a minimum deposit of $200 and an ECN Prime account with a minimum deposit of $2000. It has an Islamic account for each of these account types. BlackBull also offers an ECN Institutional account with a minimum deposit of $20,000. The minimum trade size is 0.01 lots. BlackBull offers an FX Academy and Market Analysis on its site.
  • BlackBull's ECN Standard account does not have a commission charge, thus can offer higher spreads compared with its other accounts which charge commissions.
  • NSFX offers three account types. These are the MT4 Fixed, MT4 ECN and JForex accounts. The minimum deposit for the MT4 Fixed account is $300, the minimum deposit for the MT4 ECN account is $3,000 and the minimum deposit for the JForex account is $5,000.
  • The NSFX MT4 Fixed account does not charge commissions, the MT4 ECN and JForex accounts do. On its website NSFX provides Trading Central along with analysis, news and an economic calendar and the NSFX academy which includes an FX Video Course, Trading Examples and Guides and a Forex eBook. Hedging is allowed on all three account types as is micro lot trading but only on the MT4 ECN and JForex accounts are EAs enabled and scalping allowed. An Islamic account is available.

Markets

  • BlackBull offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.
  • NSFX offers Forex, Indices, Energy and Precious Metals on the MT4 ECN and JForex accounts, with 60+ available. On the MT4 Fixed account it offers Forex (Major pairs).

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and DASH.

Spreads and leverage

  • BlackBull and NSFX can offer low Forex spreads plus a commission charge. BlackBull can additionally offer Forex spreads from 0.8 without a commission charge while NSFX can additionally offer fixed Forex spreads from 3 without a commission charge.

Maximum leverage for BlackBull is 500:1. Maximum leverage for NSFX (MFSA regulated) is .

Commission charge

  • BlackBull does not charge a commission on its ECN Standard account and charges commission of $3 per lot per side on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).

Platforms

Both provide MT4. NSFX additionally offers JForex.

Why BlackBull or NSFX ?

These are ECN brokers, providing an environment for traders who wish to execute and if they wish build automated trading strategies. They both offer MT4 and allow the use of Expert Advisors (MT4 trading robots). NSFX also provides JForex, which lets traders build robots in language based on Java (MT4 has the MQL4 language for building Expert Advisors). To trade on its ECN accounts, NSFX has a minimum deposit of $3000 for MT4 (versus $200 for BlackBull) and $5000 for NSFX. The ECN account which does charge commissions at BlackBull has a minimum deposit of $2000. NSFX also offers an MT4 account with fixed spreads of Forex major pairs, which has a minimum deposit of $300. Traders who execute their own trades can use either broker, as these platforms provide support for non-automated as well as automated trading. In fact, JForex has a relatively large number of technical indicators inbuilt onto the platform.

Comparison summary

  • Both provide CFD trading
  • Each has MT4
  • NSFX also provides JForex
  • NSFX has a higher minimum deposit for MT4 ECN trading ($3000 vs $200)
  • BlackBull's ECN account which charges commissions has a minimum deposit of $2000
  • NSFX offers a fixed spread MT4 account with a minimum deposit of $300

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