FXCC vs NSFX Comparison

FXCC vs NSFX Broker Comparison

FXCC versus NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT425+CySEC
$300MT4, JForex60+MFSA

FXCC and NSFX Comparison

Both of these are MT4 ECN brokers, offering low spreads plus a commission charge. A difference is that NSFX also provides fixed spread trading on MT4 (for Forex majors) and offers ECN trading on the JForex platform. FXCC on the other hand can offer for smaller deposit sizes, ECN caliber spreads, without a commission charge. FXCC is regulated by the CySEC and NSFX is regulated by the MFSA.

Quick comparison

Both offer ECN trading: FXCC on MT4, NSFX on MT4 and JForex (for a higher minimum deposit).

Minimum deposit and account types

The minimum deposit for FXCC is $100. The minimum deposit for NSFX is $300.

  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000.
  • All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
  • 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.

Account currencies

Account currencies for FXCC are: GBP, USD and EUR. Account currencies for NSFX are also: GBP, USD and EUR.

Markets

  • On the ECN Standard and the ECN XL account, FXCC offers 30, covering Forex and Precious Metals. On the ECN Advanced account, FXCC has 200+ markets.
  • NSFX offers 60+, covering Forex pairs, Indices, Precious Metals and Energy on the MT4 ECN and JForex accounts. On the MT4 Fixed account it offers Forex Major pairs.

Spreads and leverage

  • Spreads at FXCC are variable and are from 0.1 for EUR/USD (with a typical range under normal market conditions of 0.2-0.6) and around 0.25 for Gold.
  • 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, 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 FXCC is 200:1 on the ECN XL and ECN Advanced accounts and 300:1 on the ECN Standard account. Maximum leverage for NSFX's MT4 Fixed account is 200:1 and maximum leverage for the MT4 ECN and JForex accounts is 100:1.

Commissions

  • FXCC's ECN XL account does not charge commissions.
  • FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
  • FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (equivalent to $4 per lot per side).

Platforms

Both brokers provide MT4. NSFX additionally provides JForex. These platforms are available on desktop, tablet and mobile. FXCC and NSFX both offer micro lot trading on all account types.

Why FXCC or NSFX ?

Traders who want to trade on MT4 can do so at either broker. However to trade on an ECN account, NSFX has considerably higher minimum deposit ($3000 vs $100). This said, NSFX offers a fixed spread account on MT4 with a minimum deposit of $300. Traders can trade using automated trading strategies executed by online trading robots at either broker, as both support the use of MT4's Expert Advisors (EAs). NSFX additionally offers JForex, which is a platform supporting both automated and non-automated trading (like MT4). JForex has a particularly expansive set of inbuilt technical indicators.

Comparison summary

  • Both offer CFD trading
  • Each has ECN accounts
  • FXCC has ECN trading without a commission charge as well as ECN trading with a commission charge
  • NSFX has fixed spread Forex trading, without a commission charge
  • NSFX offers more CFDs and a wider range of markets
  • The minimum deposit for an ECN account at NSFX is higher
  • Both offer MT4, NSFX also provides JForex
  • Both provide ECN trading on MT4
  • NSFX also offers ECN trading on JForex
  • FXCC is regulated by the CySEC, NSFX is regulated by the MFSA

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