| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| NSFX | $300 Minimum Deposit | MT4, JForex Trading Platforms | 60+ Markets To Trade | NSFX offers fixed spreads trading on MT4 and variable spreads trading on MT4 and JForex About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | 3500+ Markets To Trade | ThinkMarkets offers trading on MT4 and MT5, provides user friendly ThinkTrader and has 3500+ Stocks CFDs About |
NSFX and ThinkMarkets Comparison
Both of these brokers offer trading on MT4. ThinkMarkets additionally provides trading on MT5. NSFX offers as well as MT4, JForex. On JForex NFX has a Classic account with fixed spreads on Forex major pairs as well as an ECN account. On JForex, NSFX provides ECN trading. ThinkMarkets offers the ThinkTrader platform.
ThinkMarkets provides its ThinkZero account, which like NSFX's ECN accounts can offer low spreads plus a commission charge. Otherwise ThinkMarkets provides trading without a commission charge, including in the UK spread betting.
NSFX is regulated by the MFSA in Malta. ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia and is licensed by the FSCA in South Africa.
Quick comparison
Both offer MT4. ThinkMarkets additionally provides MT5 and ThinkTrader. Overall, ThinkMarkets can offer more markets to trade.
A Notable Feature: NSFX
ECN trading on MT4 and JForex.
A Notable Feature: ThinkMarkets
Spread betting on MT4 and MT5 in the UK.
Minimum deposit and account types
The minimum deposit for NSFX is $300. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.
- 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. An Islamic account is available. Hedging at NSFX is allowed on all three account types but only on the MT4 ECN and JForex accounts are EAs enabled and scalping allowed.
- ThinkMarkets offers both CFD trading and spread betting. It offers the Standard account and the ThinkZero account. An Islamic account is available. There is no minimum deposit for the Standard account. The minimum deposit for the ThinkZero account is $/£500. The Standard account does not charge commissions, ThinkZero account does charge a commission. EAs and scalping are allowed.
- ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.
Markets
- NSFX offers 60+, covering Forex pairs, Indices, Energy and Metals on the MT4 ECN and JForex accounts. On the MT4 Fixed account it offers Forex Major pairs.
- ThinkMarkets offers 3500+, covering Forex pairs, Indices, Energy, Metals, Cryptocurrencies and Shares.
| Broker | Trading Platforms | Description |
|---|---|---|
| NSFX Broker | MT4, JForex Trading Platforms | NSFX offers trading on MT4 and JForex, including fixed and variable spreads MT4 account and low spreads plus a commission charge Description |
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on MT4 and MT5 (including low spreads plus a commission charge), provides user friendly ThinkTrader and 3500+ Stocks CFDs Description |
Spreads and leverage
Both brokers can offer low spreads plus a commission charge. NSFX can additionally provide Forex spreads from 3 (fixed) without a commission charge while ThinkMarkets can provide Forex spreads from 0.4 (variable) without a commission charge.
Maximum leverage for NSFX is . Maximum leverage for ThinkMarkets (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).
- ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for the ThinkZero account.
Online trading platforms
Both brokers provide MT4. NSFX also offer JForex, ThinkMarkets additionally provides MT5 and ThinkTrader. These platforms are available on desktop, tablet and mobile. Micro lot trading is allowed on all account types at NSFX, and is available for all account types at ThinkMarkets.
Why NSFX or ThinkMarkets ?
Traders who want to trade on MetaTrader 4 (MT4) may do so at either broker. Traders who want to trade on MetaTrader 5 (MT5), the successor to MT4 can do so at ThinkMarkets. Those who wish to trade on a user friendly platform for traders who execute their own trades, can find ThinkTrader at ThinkMarkets. Traders who want to trade on a user friendly platform with automated trading features and a relatively large number of technical indicators can find JForex at NSFX. Those who want to trade 3500+ Stocks CFDs can do this at ThinkMarkets.
Comparison summary
- Both brokers provide CFD trading
- ThinkMarkets additionally offers spread betting in the UK
- Both brokers provide MT4 trading
- ThinkMarkets additionally offers MT5
- NSFX additionally provides JForex
- ThinkMarkets can offer more markets to trade (3500+)
