| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| NSFX | $300 Minimum Deposit | MT4, JForex Trading Platforms | 60+ Markets To Trade | NSFX can offer low variable spreads plus commission on MT4 and JForex and provides fixed spreads on MT4 About |
| RoboForex | $10 Minimum Deposit | MT4, MT5, cTrader, R StocksTrader Trading Platforms | 12,000+ Markets To Trade | RoboForex provides a Cent account, offers automated trading on all its platforms, has 12,000+ CFDs and copy trading via CopyFX About |
NSFX vs RoboForex
Both of these brokers offer trading with variable spreads plus a commission charge. NSFX also provides an account which has fixed Forex spreads, without a commission charge. RoboForex offers a range of account types, including a Cent account which allows for very small trade sizes and has a smaller minimum deposit.
Both brokers have a similar number of markets, except on the R StocksTrader platform, RoboForex can offer many more. Each provides the MT4 trading platform. In addition, NSFX offers JForex, while RoboForex provides MT5 and cTrader. These brokers each support automated trading and trading where the trader makes their own decisions.
NSFX is regulated by the MFSA in Malta. RoboForex is regulated by the IFSC in Belize.
ECN trading conditions
Both brokers provide ECN trading platforms as well as accounts which may offer low spreads, with a commission charge.
Quick comparison
These are brokers offering ECN trading accounts as well as a fixed spread account in the case of NSFX and accounts including a Cent account in the case of RoboForex.
Minimum deposit and account types
The minimum deposit for NSFX is $300. The minimum deposit for RoboForex is $10.
- 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.
- RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R StocksTrader. cTrader has ECN and Pro-Standard accounts. MT4 and MT5 each offer Pro-Standard, Pro-Cent and ECN accounts. MT4 additionally offers MT4 and MT5 Prime accounts. RoboForex's R StocksTrader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
- RoboForex's minimum deposit for all accounts except R StocksTrader is $10. The minimum deposit for R StocksTrader is $100. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots.
- RoboForex provides a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R StocksTrader Strategy Builder for building robots. RoboForex allows EAs and scalping.
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.
- RoboForex offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks and ETFs, with 12,000+ available.
NSFX provides 55+ Forex pairs. RoboForex provides 45+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| NSFX Broker | MT4, JForex Trading Platforms | NSFX offers trading on MT4 and JForex, including a fixed spreads MT4 account Description |
| RoboForex Broker | MT4, MT5, cTrader, R StocksTrader Trading Platforms | RoboForex offers trading (including automated trading) on MT4, MT5, cTrader and R StocksTrader (which can run robots on the cloud) and has a Cent account Description |
Spreads and leverage
- Both brokers may offer very low Forex spreads for the most liquid Forex pairs, plus a commission charge. RoboForex also offers Forex spreads without a commission charge from 1.3, and from 3 without a commission charge for NSFX.
Maximum leverage for NSFX (MFSA regulated) is . Maximum leverage for RoboForex is 2000:1 but maximum leverage for ECN trading is 300:1.
Commissions
- NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).
- RoboForex's commissions are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.
Trading Platforms
Both brokers offer MT4. RoboForex also provides MT5, cTrader and R StocksTrader. NSFX offers JForex.
Why NSFX or RoboForex ?
Traders who want to trade on MT4 can do so at either NSFX or RoboForex. Trades who want to trade on MT5, can do so at RoboForex. Those who want to trade on JForex or R StocksTrader can do this at RoboForex. Traders who want to trade on JForex, can find this platform at RoboForex. Traders who want to trade on a Cent account, can find this type of account at RoboForex. Those who want to trade a large number of Stocks CFDs (12,000+) may do so at RoboForex.
Comparison summary
- Both offer CFD trading
- Each provides MT4
- RoboForex additionally provides MT5, cTrader and R StocksTrader
- NSFX additionally provides JForex
- Each allows automated trading
- RoboForex offers copy trading and has a Cent account
