NSFX vs ThinkMarkets Comparison

NSFX vs ThinkMarkets Broker Comparison

NSFX versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, JForex60+MFSA
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

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 Trade Interceptor 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 Trade Interceptor. 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 1000+, covering Forex pairs, Indices, Energy, Metals, Cryptocurrencies and Shares.

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 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 ?

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 Trade Interceptor 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.

Comparison summary

  • Both brokers provide CFD trading
  • ThinkMarkets additionally offers spread betting in the UK
  • Both brokers provide MT4 trading
  • ThinkMarkets additionally offers MT5
  • HSFX additionally provides JForex
  • ThinkMarkets can offer more markets to trade
  • NSFX has a competitive number of markets for an ECN broker

Search this site

Translate