Compare NSFX vs IronFX - Online Brokerage Comparison

Compare IronFX vs NSFX

IronFX versus NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, CySEC, ASIC, FSCA
$300MT4, JForex60+MFSA

IronFX and NSFX Comparison

NSFX and IronFX both offer the MT4 platform. However NSFX additionally provides JForex. NSFX is a price aggregator, offering ECN trading. IronFX is an STP/ECN broker, which also has a range of accounts it calls real accounts, which have instant rather than market execution. Thus IronFX can offer accounts (the real accounts) which do not have slippage but may requote as well as accounts which may have slippage but do not requote (the STP/ECN accounts).

ECN brokers may tend to offer less markets than STP/ECN brokers and this is the case with NSFX vs IronFX. NSFX has a Classic account which offers fixed spreads on Forex majors (without a commission charge). Thus both brokers have particular provision for discretionary trading as well as automated trading (which ECN accounts can be suited for), but IronFX could be seen as having more, with its range of real accounts. NSFX is regulated by the MFSA in Malta. IronFX is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CySEC in Cyprus and the FSCA in South Africa.

Quick comparison

NSFX is an ECN broker, offering MT4 and JForex. IronFX provides MT4, with a range of account types, including STP/ECN. NSFX also offers a fixed spread Forex account.

Minimum deposit and account types

The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500. The minimum deposit for NSFX is $300 and the minimum deposit for ECN trading is $3,000.

  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manager, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.
  • 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

  • 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.
  • IronFX offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 200+ available.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.

Spreads and leverage

  • IronFX's Micro account has a EUR/USD variable spread from 1.1 and a fixed spread from 2.2. The Premium account has a EUR/USD variable spread from 0.7 and a fixed spread from 1.8. The VIP account has a variable EUR/USD spread from 0.5 and a fixed spread from 1.6.
  • IronFX's Live Zero Fixed spread account has an EUR/USD spread of 0 (plus a commission charge). The ECN No Commission account has a variable EUR/USD spread from 1.7 and the ECN account with a commission charge has an EUR/USD spread from 0. The ECN Absolute Zero account has EUR/USD spreads from 0, without a commission charge. Gold spreads are from 0.5, UK100 spreads are from 0.8 and US Crude Oil spreads are from 0.04.
  • 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 (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.

Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for NSFX is .

Commissions

  • IronFX's commission charges are from $6.75 per lot 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 offer MT4 on desktop and apps. IronFX also offers a web trader based on MT4. NSFX offers JForex.

Why NSFX or IronFX ?

NSFX is an ECN broker which offers MT4 and JForex. IronFX is an MT4 broker with a range of account types, covering STP/ECN trading and instant execution accounts.

Comparison summary

  • NSFX offers ECN trading, IronFX offers STP/ECN trading
  • IronFX also has a range of real accounts which have no slippage but may requote
  • NSFX offers fixed spreads on its Classic account, on Forex majors, on MT4
  • NSFX also offers JForex for ECN trading
  • Both brokers require a higher minimum deposit for ECN trading, but NSFX's is higher
  • IronFX has more markets to trade than NSFX

Search this site

Translate