| Trade Now >> | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXTM | $10 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | FXTM provides MT4 and MT5 (including automated trading) and offers an MT4 Cent account with low minimum trade sizes About |
| NSFX | $300 Minimum Deposit | MT4, JForex Trading Platforms | 60+ Markets To Trade | NSFX provides trading on MT4 (including a fixed Forex spreads account) and JForex, allowing automated trading on both platforms About |
FXTM and NSFX Comparison
NSFX offers a fixed spread Classic account with a lower minimum deposit requirement and two ECN accounts with higher minimum deposit requirement, including a JForex account. FXTM provides three accounts with variable spreads (including a Cent type account).
FXTM's MT4 Cent type account (called a Micro account) has a very low minimum deposit. FXTM's minimum deposit for trading with a commission charge is lower than NSFX.
Both offer MT4 and another platform. FXTM's other platform is MT5, while NSFX's other platform is JForex. MT4 supports both NSFX's ECN accounts and its Classic account. MT4 is available for all FXTM's accounts and MT4 and MT5 for its Advantage and Advantage Plus accounts. JForex is available only for NSFX's ECN account.
FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa. NSFX is regulated by the MFSA in Malta.
Quick comparison
Both of these brokers offer MT4 for a range of account types, covering fixed spread Forex trading and variable Forex trading in the case NSFX and instant execution and market execution accounts in the case of FXTM.
Minimum deposit and account types
The minimum deposit for FXTM is $10 ($50 in the EEA). The minimum deposit for NSFX is $300.
- 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.
- FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $10. The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.
Markets
- FXTM offers Forex, Metals, Energy, Indices and Stocks, with 1000+ available.
- NSFX offers Forex, Metals, Indices and Energy on the MT4 ECN and JForex accounts. On the MT4 Fixed account it offers Forex Major pairs. FXTM provides 55+ Forex pairs, NSFX provides 50+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| NSFX Broker | MT4, JForex Trading Platforms | NSFX provides trading on MT4 and JForex, including a fixed Forex spreads MT4 account and accounts with low spreads plus commission Description |
| FXTM Broker | MT4, MT5 Trading Platforms | FXTM offers trading on MT4 and MT5 and provides a Micro (cent) account with low minimum trade sizes Description |
Spreads and leverage
Both brokers can offer low spreads plus a commission charge. FXTM can additionally provide Forex spreads from 1.5 without a commission charge, while NSFX can offer fixed Forex spreads from 3 without a commission charge.
Maximum leverage for FXTM (FCA or CySEC regulated) is . Maximum leverage for NSFX is .
Commissions
- FXTM charges a commission from $0.40-$2 per lot per side, depending on the equity in the account and the volume traded. The commission is charged for the Advantage account.
- NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip ($4 per lot per ide).
Online trading platforms
Both brokers provide MT4. FXTM also provides MT5, NSFX additionally provides JForex. Both MT5 and JForex offer Level II pricing. These platforms are available on desktop, tablet and mobile.
Why FXTM or NSFX ?
Traders who want to trade on MT4 may do so at either FXTM or NSFX. Those who want to trade on MT5 (the successor to MT4), may do this at FXTM. Traders who want to trade on JForex, can find this platform at NSFX. Traders who want to trade on a Cent account, can find one in the form of FXTMs's Micro account. Thsoe who want to social and copy trade can do this at FXTM on FXTM Invest.
Comparison summary
- Both brokers provide CFD trading
- Each broker offers MT4
- FXTM additionally provides MT5
- NSFX additionally offers JForex
- Both allow automated trading
- FXTM has an MT4 Cent type account with a low minimum deposit
- NSFX offers a Classic account on MT4 with fixed spreads
- FXTM offers copy trading via FXTM Invest
