Compare NSFX vs IronFX - Online Brokerage Comparison

Compare IronFX vs NSFX
IronFX versus NSFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsAbout
$50
Minimum Deposit
MT4
Trading Platform
200+
Markets To Trade
IronFX provides social and copy trading platforms, MT4 and a wide range of MT4 account types including Cent and fixed spreads
About
$300
Minimum Deposit
MT4, JForex
Trading Platforms
60+
Markets To Trade
NSFX offers trading on MT4 and JForex (including automated trading) and has a fixed spreads MT4 account
About

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).

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.

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 $50. The minimum deposit for NSFX is $3000.

  • IronFX offers a range of account types and services. These include a Standard account which has a minimum deposit of $50, 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. There is additionally a Cent account, which offers small trade sizes and has a minimum deposit of $50. Social and copy trading is provided via Myfxbook AutoTrade and TradeCopier. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots and the Cent account where it is 0.0001 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 accounts, 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 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.
IronFX vs NSFX Summary Table
BrokerTrading PlatformsDescription
NSFX
Broker
MT4, JForex
Trading Platforms
NSFX offers trading on MT4 and JForex, including an MT4 fixed spreads account (and variable spreads accounts) and allowing automated trading on both platforms
Description
IronFX
Broker
MT4
Trading Platform
IronFX provides a Cent account, both fixed and variable spreads and social and copy trading platforms
Description

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Iota, EOS, Stellar, Tron, OmiseGO, Cardano, Dogecoin, Polkadot, Uniswap, Ethereum Classic, Solana, Internet Computer Protocol and IOST CFDs.

Spreads

  • NSFX offers average variable Forex spreads from 0.4 with a commission charge and Forex spreads from 3 fixed. IronFX offers Forex spreads from 0 variable with a commission charge and from 0 variable without a commission charge and from 1.6 fixed without a commission charge (VIP).

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).

Online trading 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 ?

Traders who want to trade on MT4 may do so at either NSFX or IronFX. Traders who want to use the JForex platform may do so at NSFX. Those who want to trade on MT4 with fixed spreads, can do this at either. Traders who want to social and copy trading platforms can find these at IronFX.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4
  • NSFX additionally provides JForex
  • Both allow automated trading
  • Each provides fixed and variable spreads
  • IronFX has a Cent account and copy trading