NSFX vs ThinkMarkets Comparison

NSFX vs ThinkMarkets Broker Comparison

NSFX versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, JForex60+MFSA
NoneMT4, Trade Interceptor200+FCA, ASIC

NSFX and ThinkMarkets Comparison

These brokers provide ECN trading, in that they can offer no dealing desk conditions with low spreads which have a commission charge. For both these brokers, these conditions require a higher minimum deposit.

However they can also offer other accounts types with a lower (or no) minimum deposit. For NSFX, this is a fixed spread instant execution account, for ThinkMarkets these are a spread betting account, with tight variable spreads, and a Standard account also with tight variable spreads.

Both brokers offer MT4. However NSFX can also provide JForex, for ECN trading. While ThinkMarkets does not provide a specialised ECN platform, it does offer Trade Interceptor for its Standard account. NSFX is regulated by the MFSA in Malta and ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia.

Quick comparison

NSFX is an ECN broker, offering trading on MT4 and MT5. ThinkMarkets provides ECN trading on MT4 and a Standard accounts on MT4 and Trade Interceptor. NSFX also has a fixed spread Classic account on MT4. Their ECN accounts have a higher minimum deposit.

A Notable Feature: NSFX

ECN trading on MT4 and JForex.

A Notable Feature: ThinkMarkets

Spread betting on MT4 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. The ThinkZero account also provides Autochartist and an account manager.

Account currencies

Account currencies for NSFX are: GBP, USD and EUR. Account currencies for ThinkMarket are: GBP, USD, EUR, AUD and CHF, except for the spread betting account which is available in GBP.

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.
  • ThinkMarkets offers 200+, covering Forex pairs, Indices, Energy Metals, Cryptocurrencies and Shares.
  • ThinkMarkets provides 30+ Forex pairs, NSFX provides 50+ Forex pairs.

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 (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.
  • Spreads on ThinkMarkets can vary with account type and types of trading and are variable. Spread betting Standard spreads are from 0.8 for EUR/USD, with a target spread from 1 for UK100 and with an average spread of 0.20 for Gold and 0.04 for US Crude Oil.
  • ThinkMarkets CFD Standard spreads are variable and are from 0.4 for EUR/USD, with a target spread from 1 for UK100 and from 0.25 for Gold and 0.03 for US Crude Oil. On the ThinkZero account, Forex spreads can be as low as 0 with commissions of $3.5 per lot per side.

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.

Platforms

Both brokers provide MT4. NSFX also offer JForex, ThinkMarkets additionally provides Trade Interceptor. 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 ?

In terms of ECN trading, NSFX has a higher minimum deposit but offers both MT4 and JForex. ThinkMarkets provides MT4 for its ThinkZero account (which has spreads from 0, plus a commission charge) and for its Standard account (which does not change commissions, but can offer tight spreads). NSFX has a Classic account, which can provide fixed Forex spreads (without a commission charge). ThinkMarkets offers Trade Interceptor on its Standard account, which is a user friendly platform for traders who make their own trading decisions.

Comparison summary

  • Both brokers offer MT4
  • NSFX additionally provides JForex
  • ThinkMarkets additionally offers Trade Interceptor
  • NSFX offers ECN trading on JForex and MT4
  • ThinkMarkets offers ECN trading on MT4
  • In the UK, ThinkMarkets has spread betting on MT4

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