Compare NSFX vs Z.com Trade

Compare NSFX vs Z.com Trade

NSFX versus Z.com Trade
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, JForex60+MFSA
$50MT475+FCA

NSFX and Z.com Trade Comparison - Both Offfer MT4 ECN Trading, NSFX Also Has JForex

Both of these are ECN brokers, which offer MT4. To access ECN trading on NSFX requires a considerably higher minimum deposit. NSFX also offers JForex, which requires a higher minimum deposit.

Both brokers have Classic accounts which do not charge commissions, and the minimum deposit is lower for Z.com Trade for this account. Z.com Trade in fact has the lower minimum deposit, for both ECN and non-ECN trading.

For its Classic account, NSFX offer fixed spreads, while Z.com Trade provides variable spreads for its Classic account. NSFX is regulated by the MFSA in Malta, while Z.com Trade is regulated by the FCA in the United Kingdom.

Quick comparison

Both offer ECN MT4 trading. NSFX additionally provides JForex. NSFX has a higher minimum deposit, but for the highest minimum deposit, Z.com Trade offers the lowest commission charge.

Minimum deposit and account types

The minimum deposit for NSFX is $300 and the minimum deposit for ECN trading is $3,000. The minimum deposit for ECN and non-ECN trading is $50 at Z.com Trade.

  • 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.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix's LD4 Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.

Markets

  • 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.
  • Z.com Trade offers 75+, covering Forex pairs, Indices, Energy and Precious Metals.

NSFX provides 50+ Forex pairs, Z.com Trade provides 55+ Forex pairs.

Spreads and leverage

  • 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.
  • On Z.com Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Z.com Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

The maximum leverage for NSFX is . The maximum leverage for Z.com Trade is .

Commissions

  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).
  • Z.com Trade charges commission of $4 per lot per side on its ECN account, and $2.5 per lot per side on its ECN Plus account.

Platforms

Both NSFX and Z.com Trade offer the MT4 trading platform, which includes support for trading automation. NSFX additionally offers JForex (for ECN trading). Both platforms are available on desktop, tablet and mobile.

Comparison summary

  • Both brokers offer accounts which do not charge Forex commissions
  • NSFX has a higher minimum deposit than Z.com Trade for this account
  • Both brokers also offer ECN trading accounts, with low Forex spreads, plus a commission charge
  • NSFX has a higher minimum deposit for these kinds of accounts, but it offers JForex or MT4, while Z.com Trade provides MT4
  • Both brokers provide a similar number of markets to trade
  • Both brokers provide MT4 for ECN and non-ECN trading
  • NSFX offers JForex for ECN trading - which requires a higher minimum deposit

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