| Online Broker | Minimum Deposit | Trading Platforms | Markets | Regulated |
|---|---|---|---|---|
| IC Markets | $200 Minimum Deposit | 2500+ Markets To Trade | MT4, MT5, cTrader Trading Platforms | IC Markets allows a wide range of trading styles, from automated trading to copy trading and has Forex spreads from 0 plus commission About |
| NSFX | $300 Minimum Deposit | 60+ Markets To Trade | MT4, JForex Trading Platforms | NSFX offers platforms for autoamted trading and can provide fixed Forex spreads on MT4 About |
IC Markets and NSFX Comparison
Both of these broker offers trading with low Forex spreads, plus a commisison charge. NSFX additionally provides a Classic account which can offer fixed spreads. IC Markets has more markets to trade than NSFX and has a relatively large number.
Both brokers provide MT4, but IC Markets also offers MT5 and cTrader and NSFX also provides JForex. JForex and cTrader are platforms which can be used for automated trading with robots but are also user friendly.
IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus and the FSA in the Seychelles. NSFX is regulated by the MFSA in Malta.
Quick comparison
Both are MT4 brokers. NSFX also offers JForex and a fixed spread Forex account. IC Markets also offers MT5 and cTrader.
Minimum deposit and account types
The minimum deposit for IC Markets is $200 and the minimum deposit for NSFX is $300.
- IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
- IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.
- 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. An Islamic account is available.
- Hedging at NSFX is allowed on all three account types but only on the MT4 ECN and JForex accounts are EAs enabled and scalping allowed.
Markets
- IC Markets offers 2500+, covering Forex pairs, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Bonds, Stocks and ETFs.
- NSFX offers 60+, covering Forex pairs, Indices, Energy, and Metals on the MT4 ECN and JForex accounts. On the MT4 Fixed account it offers Forex Major pairs.
- IC Markets provides 60+ Forex pairs, NSFX provides 50+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| NSFX Broker | MT4, JForex Trading Platforms | NSFX offers automated trading and other styles, provided on MT4 and JForex Description |
| IC Markets Broker | MT4, MT5, cTrader Trading Platforms | IC Markets offers automated trading on MT4, MT5 and cTrader and provides social and copy trading platforms Description |
Spreads and leverage
- Both brokers can offer low Forex spreads plus a commission charge. IC Markets can additionally offer Forex spreads from 0.6 without a commission charge, while NSFX can offer Forex spreads from 3 fixed.
Maximum leverage for IC Markets is 500:1. Maximum leverage for NSFX is .
Commissions
- IC Markets charges a commission of $3.50 per lot per side for the MT4 and MT5 Raw Spread accounts while the cTrader Raw Spread account charges a commission of $3 per 100,000 USD traded per side.
- NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (equivalent to $4 per lot per side).
Online trading platforms
Both brokers provide MT4. IC Markets also offers MT5 and cTrader and NSFX also offers JForex. These platforms are available on desktop, tablet and mobile. Micro lot trading is allowed on all account types for each broker.
Why IC Markets or NSFX ?
Traders who want to trade on MT4 may do so at either broker. While both provide MT4 trading, NSFX additionally offers fixed spread trading on MT4. Traders who want to trade on accounts with low variable spreads plus a commission charge, will find a lower minimum deposit at IC Markets ($200 vs $3000). Traders who want to trade on MT5, may find this platform at IC Markets. IC Markets offers additionally cTrader and NSFX additionally provides JForex, both of which support automated trading and are relatively user friendly platforms. Overall, IC Markets offers more markets to trade (particularly on MT5).
Comparison summary
- Both brokers provide CFD trading
- Each offers MT4
- IC Markets additionally provides MT5
- NSFX offers JForex
- IC Markets provides cTrader
- Overall, IC Markets offers more markets to trade
- IC Markets has a lower minimum deposit
