FXTM vs NSFX - Trading Brokers Comparison

FXTM vs NSFX Broker Comparison

FXTM versus NSFX Comparison Table
Trade Now >>Minimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5250+FCA, CySEC, FSCA, FSC
$300MT4, JForex60+MFSA

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 two accounts with variable spreads (including a Cent account), a Shares account (with Stocks CFDs) and a range of ECN accounts, including MT5 accounts.

FXTM's standard accounts have a lower minimum deposit than its ECN accounts. FXTM's standard Cent account has a very low minimum deposit. FXTM's minimum deposit for ECN trading is lower than NSFX, with the exception of FXTM's Pro accounts which have ECN spreads without a commission charge, for a high minimum account balance.

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 FXTM's standard instant execution accounts and its ECN accounts. MT5 is available for FXTM's ECN accounts and 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 ECN accounts in the case of FXTM. Both have platforms for ECN trading only: MT5 in the case of FXTM and JForex in the case of NSFX.

Minimum deposit and account types

The minimum deposit for FXTM is $10 and for ECN trading is $200. 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 Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.

Markets

  • FXTM offers Forex, Metals, Energy, Indices and Stocks, with 250+ 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.

Spreads and leverage

Both brokers can offer low spreads plus a commission charge. FXTM can additionally provide Forex spreads from 1.3 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 starting at $2 per lot per side ($4 per lot round trip), depending on the equity in the account and the volume traded. The commission is charged for the ECN account.
  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip.

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 ?

Those who want to trade on ECN accounts on MetaTrader 4 (MT4) can do do at either broker. Traders who want to trade on MetaTrader 5 (MT5), the successor to MT4, can find this platform at FXTM. However NSFX additionally offers JForex, which is a relatively user friendly platform with automated trading. FXTM has a Cent account which allows very small trade sizes and has a very low minimum deposit. Both offer ECN accounts, but for ECN trading NSFX has a considerably higher minimum deposit.

Comparison summary

  • Both brokers provide CFD trading
  • Each broker offers MT4
  • FXTM additionally provides MT5
  • NSFX additionally offers JForex
  • FXTM has a Cent account with a low minimum deposit
  • FXTM has ECN accounts on MT4 and MT5
  • NSFX offers ECN accounts on MT4 and JForex
  • FXTM has a lower minimum deposit for ECN trading
  • NSFX offers a Classic account on MT4 with fixed spreads

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