FXPRIMUS vs NSFX - Online Brokerage Comparison

FXPRIMUS vs NSFX | Compare Trading Brokers

FXPRIMUS vs NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4120+CySEC, FSCA, VFSC
$300MT4, JForex60+MFSA

FXPRIMUS vs NSFX Comparison

Both FXPRIMUS and NSFX offer MetaTrader 4 (MT4) along with ECN trading accounts. NSFX additionally provides the JForex online trading platform. Both also offer MT4 accounts aimed at traders who execute their own trades. However JForex can be used (like MT4) by both automated and non-automated traders, and in fact has a relatively large number of technical indicators built into the platform.

Technical indicators themselves can be used by both types of traders, as they can provide the basis for Expert Advisors (EAs), MT4's online trading robots (i.e. the EAs can codify the strategies based on indicator signals and execute them on behalf of the trader). For ECN trading NSFX has a higher minimum deposit than FXPRIMUS ($3000 for MT4 at NSFX vs $500 for MT4 at FXPRIMUS).

FXPRIMUS is regulated by the CySEC in Cyprus, the FSCA in South Africa and the VFSC in Vanuatu.

NSFX is regulated by the MFSA in Malta.

Quick comparison

Both offer MT4. NSFX additionally provides JForex. FXPRIMUS has a lower minimum deposit for ECN trading.

Minimum deposit and account types

The minimum deposit for FXPRIMUS is $100 (the minimum deposit for an ECN account is $500). The minimum deposit for NSFX is $300 (the minimum deposit for an ECN account is $3000).

  • FXPRIMUS offers a Variable account and an ECN Premium Account. The minimum deposit for the Variable account is $100. The minimum deposit for the ECN Premium Account is $500. Additionally FXPRIMUS provides a Standard Account, a Premium Account and a VIP Account. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500. The minimum deposit for the VIP Account is $10,000. FXPRIMUS offers traders education, an economic calendar and trading tools for all its clients. The Standard, Premium and VIP accounts offer extra features. The minimum trade size is 0.01 lots.
  • 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.

Markets

  • FXPRIMUS offers Forex, Indices, Energy, Precious Metals and Stocks, with 120+ 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.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge. NSFX can offer fixed Forex spreads from 3 without a commission charge and FXPRIMUS can offer variable Forex spreads from 1.6 without a commission charge.

Maximum leverage for FXPRIMUS (CySEC regulated) is . Maximum leverage for NSFX (MFSA regulated) is .

Commissions

  • FXPRIMUS charges a commission of $5 per lot per side on its ECN Premium Account.
  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).

Platforms

FXPRIMUS offers MT4. NSFX provides MT4 and JForex.

Why FXPRIMUS or NSFX ?

Traders who execute their own trades can find accounts at both brokers which provide features to potentially suit them. FXPRIMUS has an MT4 Variable account with a $100 minimum deposit which does not charge commissions. NSFX offers an MT4 Fixed account which has fixed spreads on Forex major pairs with no commission charge. Traders who trade with automated trading strategies can find ECN trading accounts at both brokers. Each offers MT4 and allows the use Expert Advisors (MT4 trading robots). NSFX also provides JForex, which has robots based on Java. At both brokers traders can use robots already built or modify them or build their own.

Comparison summary

  • Both brokers offer CFD trading
  • Each has MT4
  • NSFX additionally provides JForex
  • For ECN trading, NSFX has a higher minimum deposit ($3000 vs $500)
  • NSFX offers fixed spreads on Forex major pairs on its MT4 Fixed account
  • FXPRIMUS has a Variable spread account with a $100 minimum deposit

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