Compare eToro vs NSFX

Compare eToro vs NSFX

eToro vs NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$300MT4, JForex60+MFSA

eToro and NSFX Comparison

NSFX is an ECN broker, which can offer low Forex spreads, plus a commissions charge. As an ECN broker, NSFX provides JForex, and also MT4. On MT4, it can offer fixed spreads on Forex majors, without a commission charge. eToro offers fixed spreads for Forex on its platform, without a commission charge. This platform provides a range of social trading tools.

Both broker support trading automation. NSFX does this by the provisions of ECN trading accounts, MT4 and JForex, allowing trading automation via robots (this is one of the potential advantages of an ECN broker). eToro however does this with copy trading, where the trader chooses to copy the trades of another trader in their own account. eToro is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia. NSFX is regulated by the MFSA in Malta.

Quick comparison

eToro - social trading and copy trading on a web trader and apps VS NSFX - variable spread ECN trading on MT4 and JForex (and fixed spread trading for Forex majors on MT4).

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for NSFX is $300 and the minimum deposit for ECN trading is $3,000.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • 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

  • eToro offers Forex, Indices, Energy, Metals, Cryptocurrencies, Bonds, Stocks and ETFs, with 1000+ 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.

Cryptocurrencies

  • eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • Spreads at NSFX are fixed for the MT4 Fixed account and are 3 for EUR/USD, 0.60 for Gold (XAU/USD), 3 for UK100 and 0.06 for US Crude Oil
  • NSFX offers variable ECN spreads for the MT4 ECN and JForex accounts, EUR/USD has an average spread of 0.4 (but can be seen as low as 0.1), Gold has an average spread of 0.09, UK100 has an average spread of 2 and US Crude Oil has an average spread of 0.05.

Maximum leverage for eToro is . Maximum leverage for NSFX is .

Commission charge

  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).

Platforms

eToro offers a Web Trader and apps on tablet and mobile. NSFX provides MT4 and JForex and JForex and MT4 apps.

Comparison summary

  • NSFX is an ECN broker
  • It can provide low Forex spreads, plus a commission charge
  • NSFX provides support for trading automation with robots
  • It offers JForex and MT4
  • To access JForex requires a higher minimum deposit
  • eToro is a Social Investment Network
  • It provides support for copy and social trading and thematic investing
  • eToro supports automated trading (with copy trading)

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