IC Markets vs NSFX Comparison

IC Markets vs NSFX ECN Forex Broker Comparison

IC Markets versus NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200230+MT4, MT5, cTraderASIC, CySEC, FSA
$30060+MT4, JForexMFSA

IC Markets and NSFX Comparison

Both of these broker offers ECN trading. 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 for an ECN broker.

NSFX requires a higher minimum deposit for ECN trading. 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 ECN brokers. NSFX also offers JForex and a fixed spread Forex account. IC Markets also offers MT5 and cTrader. For ECN trading, NSFX has a higher minimum deposit

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.

Account currencies

Account currencies for IC Markets are: GBP, USD, EUR, AUD, CAD, SGD, NZD, HPY, HKD and CHF. Account currencies for NSFX are: GBP, USD and EUR.

Markets

  • IC Markets offers 230+, covering Forex pairs, Indices, Energy, Precious Metals, Soft Commodities, Cryptocurrencies, Bonds, Stocks and ETFs.
  • NSFX offers 60+, covering Forex pairs, Indices, Energy, and Precious 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.

Spreads and leverage

  • Spreads at IC Markets are variable and are from 0.0 with an average of 0.1 for EUR/USD, from 1 for UK100, 0.0 for Gold, and 0.04 for US Crude Oil. For the Standard account EUR/USD spreads are from 1, with an average of 1.1.
  • 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 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 True ECN account and the cTrader 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 ECN trading, NSFX additionally offers fixed spread trading on MT4. Traders who want to trade on ECN accounts, 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

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