Broker to Trading

NSFX is an ECN broker, which can offer low Forex spreads, plus a commission charge. As an ECN broker, NSFX provides JForex, and also MT4. On MT4, it can offer fixed spreads on Forex majors, without a commission charge. eToro offers fixed spreads for Forex on its platform, without a commission charge. This platform provides a range of social trading tools.

Both broker support trading automation. NSFX does this by the provisions of ECN trading accounts, MT4 and JForex, allowing trading automation via robots (this is one of the potential advantages of an ECN broker). eToro however does this with copy trading, where the trader chooses to copy the trades of another trader in their own account.

eToro is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the ASIC in Australia and the FSAS in the Seychelles. NSFX is regulated by the MFSA in Malta.

Quick comparison

eToro - social trading and copy trading on a web trader and apps VS NSFX - variable spread ECN trading on MT4 and JForex (and fixed spread trading for Forex majors on MT4).

Minimum deposit and account types

The minimum deposit for eToro is $50. The minimum deposit for NSFX is $300 and the minimum deposit for ECN trading is $3,000.

eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
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.

Markets

• eToro offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Bonds, Stocks and ETFs, with 2000+ available.
• 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.

Cryptocurrencies

• eToro offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, BNB, Solana, Ripple, LUNA, Cardano, Dogecoin, Avalanche, Polkadot, Shiba, Polygon, Cronos, TRON, Cosmos, Chainlink, Uniswap, ApeCoin, Stellar, Algorand, Ethereum Classic, Hedera Hashgraph, Filecoin, Decentraland, The Sandbox, Theta, Fantom, Tezos, Axie Infinity, AAVE, EOS, Zcash, IOTA, The Graph, Maker, NEO, Quant, Chiliz, Gala, Curve, Enjin, Loopring, Curve, Dash, Basic Attention Token, Kyber Network, Compound, Ox, Synthetix, Yearn.finance, Ankr, Bancor, 1inch, Storj, SushiSwap, Ethereum Name Service, REN, dYdX, Fetch.ai and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.

Spreads and leverage

eToro can provide Forex spreads from 1 (variable) without a commission charge. NSFX can offer Forex spreads from 3 (fixed) without a commission charge and from 0.1 (variable) with a commission charge.

Maximum leverage for eToro is . Maximum leverage for NSFX is .

Commission charge

• NSFX's MT4 ECN and JForex accounts charge commissions of $8 per lot round trip (i.e $4 per lot per side).

Online trading platforms

eToro offers a web trader and apps. NSFX provides MT4, JForex and apps.

Why eToro or NSFX ?

Traders who want to trade on MT4 or JForex may do so at NSFX. Traders who want to trade on CopyTrader, with integrated social and copy trading, may do so at eToro. Those who want to trade real Stocks, ETFs and Cryptos can do so at eToro. Traders who want to use online trading robots (for automated trading) can do this at NSFX on MT4 and JForex.

Comparison summary

• Both provide CFD trading
• NSFX offers MT4 and JForex
• eToro provides CopyTrader
• eToro offers social and copy trading
• NSFX provides automated trading
• eToro has real Stocks