NSFX vs RoboForex - ECN Broker Comparison

NSFX vs RoboForex | Online Brokerage Comparison

NSFX vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, JForex60+MFSA
$10MT4, cTrader, R Trader Web Trader, MT59000+IFSC

NSFX vs RoboForex

Both of these brokers offer ECN trading. NSFX also provides an account which has fixed Forex spreads, without a commission charge. RoboForex has 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 Trader 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 Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader 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 Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • NSFX offers Forex, Indices, Energy and Precious Metals on the MT4 ECN and JForex accounts, with 60+ available. On the MT4 Fixed account it offers Forex Major pairs.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.

NSFX provides 55+ Forex pairs. RoboForex provides 45+ Forex pairs.

Cryptocurrency CFDs

  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero CFDs.

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 Trader. NSFX offers JForex.

Why NSFX or RoboForex ?

For traders who wish to trade using automated trading strategies (robots) both brokers provide ECN accounts and trading platforms. To use an ECN account requires a considerably higher minimum deposit at RoboForex than NSFX ($10 vs $3000). Both brokers offer accounts with fixed Forex spreads. Each offers ECN trading on MT4. RoboForex has a range of other platforms including MT5 and cTrader. On its R Trader Web Trader, RoboForex provides many more markets, as it has a large offering of Stocks CFDs. In addition to MT4, NSFX offers the JForex trading platform, which has a particularly large complement of technical indicators inbuilt on the platform. RoboForex also provides other account types, including a cent account, which allows for very small trade sizes.

Comparison summary

  • Both offer CFD trading
  • Each has ECN accounts
  • NSFX requires a higher minimum deposit to trade on an ECN accounts
  • Both offer MT4, RoboForex also has MT5
  • NSFX additionally provides JForex, RoboForex offers cTrader
  • RoboForex can also provide R Trader with a large number of markets to trade
  • NSFX has a competitive number of markets for an ECN broker
  • NSFX is regulated by the MFSA in Malata, RoboForex is regulated by the IFSC in Belize

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