NSFX vs Pepperstone Comparison

NSFX vs Pepperstone ECN Forex Broker Comparison

NSFX versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, JForex60+MFSA
$200MT4, MT5, cTrader95+FCA, ASIC

NSFX and Pepperstone Comparison - ECN Forex trading with ECN platforms

These are two ECN Forex brokers which provide ECN trading platforms, in addition to MT4. While Pepperstone offers MT5 and cTrader, NSFX provides JForex. These platforms have features such as Level II pricing. However, NSFX has a higher minimum deposit requirement to access ECN trading.

Pepperstone also offers STP trading, offering variable spreads without a commission charge, while NSFX provides instant execution fixed spreads on its MT4 Fixed account. NSFX is regulated by the MFSA in Malta, Pepperstone is regulated by the FCA in the United Kingdom and by the ASIC in Australia.

Quick comparison

Both are MT4 ECN brokers, though Pepperstone has a lower minimum deposit for this platforms. NSFX also provides JForex, while Pepperstone additionally offers MT5 and cTrader.

Minimum deposit and account types

The minimum deposit for NSFX is $300 and the minimum deposit for Pepperstone is $200 or AU$200 or £100.

  • 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 but only on the MT4 ECN and JForex accounts are EAs enabled and scalping allowed. An Islamic account is available.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides trading guides, a market review and an economic calendar its website.
  • Pepperstone's Standard and Islamic accounts do not charge commissions. The Razor account charges commissions. Pepperstone says that all trading styles are welcome, including scalping, hedging and EAs.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.

Account currencies

NSFX accounts are available in GBP, USD and EUR. Pepperstone accounts are available in GBP, USD, EUR, AUD, CAD, JPY, NZD, CHF, SGD and HKD.

Markets

  • NSFX offers 60+, covering Forex pairs, Indices, Energy and Precious Metals.
  • Pepperstone offers 95+, covering Forex pairs, Indices, Energy, Metals, Soft Commodities and Cryptocurrencies.

Spreads and leverage

  • 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.
  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1 for UK100, 0.60 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.

Maximum leverage for NSFX is . Maximum leverage for Pepperstone (FCA regulated) is .

Commissions

  • NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (equivalent to $4 per lot per side).
  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account on Forex, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.

Platforms

Both brokers provide MT4. NSFX additionally provides JForex. Pepperstone additionally offers MT5 and cTrader (and cAlgo). These platforms are available on desktop, tablet and mobile. Both brokers provide micro lot trading.

Why NSFX or Pepperstone ?

Each offers ECN trading. Both have MT4. NSFX provides as well JForex, while Pepperstone has MT5 and cTrader. Thus both brokers have a range of platforms for ECN trading, including the ECN optimsed platforms, MT5, cTrader and JForex. NSFX has a higher minimum deposit to access ECN trading.

Comparison summary

  • NSFX provides a fixed spread Forex account, without a commission charge
  • Pepperstone provides STP/ECN trading without a commission charge, with variable spreads
  • For a minimum $3000 deposit NSFX offers ECN accounts with a commission charge
  • Pepperstone offers ECN trading with a commission charge and tight spreads for a $200 minimum deposit
  • Both brokers offer MT4
  • Pepperstone also offers MT5 and cTrader, NSFX also offers JForex

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