Compare Dukascopy vs NSFX - ECN Broker Comparison

Compare Dukascopy vs NSFX

Dukascopy versus NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, JForex500+FCMC
$300MT4, JForex60+MFSA

Dukascopy and NSFX Comparison

These are both regulated and offer ECN trading. They can provide access to liquidity pools, offering low spreads with a commission charge. Both offer MT4 and JForex.

Dukascopy has a lower minimum deposit for JForex and MT4 ECN trading than NSFX. NSFX also provides fixed Forex spreads (without a commission charge) on MT4. Dukascopy is regulated by the FCMC in Latvia, while NSFX is regulated by the MFSA in Malta.

Quick comparison

Both provide ECN trading on MT4 and JForex, though NSFX has a higher minimum deposit for this. NSFX additionally provided fixed spread Forex trading on MT4. Dukascopy has more markets to trade.

Minimum deposit and account types

The minimum deposit for Dukascopy is $100. The minimum deposit for NSFX is $300. The minimum deposit for ECN trading at NSFX is $3,000.

  • Dukascopy offers one account type. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy provides traders access to the Swiss Foreign Exchange Marketplace liquidity pools, which it operates. The minimum trade size is 0.01 standard lots (1000 units). Dukascopy does not restrict trading styles.
  • 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. 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.
  • 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.

Markets

  • Dukascopy offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 500+ 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.

Dukascopy provides 60+ Forex pairs, NSFX offers 50+ Forex pairs.

Spreads and leverage

  • Spreads at Dukascopy are variable and are from 0.1 for EUR/USD (with an average of 0.2), 1 for UK100, 0.10 for Gold and 0.02 for US Crude Oil, plus a commission charge.
  • 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. For the Fixed spread account, EUR/USD has a spread of 3.

Maximum leverage for Dukascopy EU is . Maximum leverage for NSFX is .

Commissions

  • Dukascopy charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
  • For Forex, Dukascopy commissions range from $35 per million USD per side, to $10 per million USD traded per side.
  • For other markets except Stocks, Dukascopy commissions range from $52.5 per million USD per side, to $15 per million USD per side.
  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).

Platforms

Both brokers provide MT4, JForex, JForex Web and apps. NSFX also provides MT4 desktop, web and apps. These platforms are thus available on desktop, tablet and mobile.

Comparison summary

  • Both offer ECN trading
  • Thus both can provide low spreads, plus a commission charge
  • NSFX can also offer fixed Forex spreads on MT4, without a commission charge
  • Both brokers offer ECN trading on MT4 and JForex
  • Dukascopy has a lower minimum deposit to use JForex and MT4
  • Dukascopy can offer more individual markets to trade, as it provides Stocks CFDs
  • Both are regulated

Search this site

Translate