| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen provides trading (including automated trading) on MT4, MT5 and TickTrader, offering a Cent account with a low minimum deposit About |
| NSFX | $300 Minimum Deposit | MT4, JForex Trading Platforms | 60+ Markets To Trade | NSFX offers trading on MT4 (incuding a fixed Forex spreads account) and JForex, allowing automated trading on both platforms About |
FXOpen vs NSFX Comparison
Both offer MT4. FXOpen additionally provides MT5 (the successor to MT4) and TickTrader (a user friendly platform supporting automated trading on its desktop version, like MT4 and MT5). NSFX also provides JForex, an advanced platform with a wide range of analysis tools. FXOpen offers a Micro (cent) account, with a low minimum deposit.
FXOpen is regulated by the FCA in the United Kingdom, The ASIC in Australia and the FSRC in nevis. NSFX is regulated by the MFSA in Malta.
ECN conditions
These are each no dealing desk and neither restricts trading styles, thus news trading, scalping and automated trading is allowed. Each aggregates prices from liquidity providers.
Quick comparison
Both offer MT4, while FXOpen additionally provides MT5 and TickTrader and NSFX additionally offers JForex. FXOpen has a Cent account.
Minimum deposit and account types
The minimum deposit for FXOpen is $1. The minimum deposit for NSFX is $300 and the minimum deposit for ECN trading is $3,000.
- FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
- 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
- FXOpen offers Forex, Indices, Energy, Metals, Cryptocurrencies and Stocks, with 600+ available.
- NSFX offers Forex, Indices, Energy and Metals, with 60+ available. On the MT4 Fixed account it offers Forex Major pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen provides trading (including automated trading) on MT4, MT5 and TickTrader and offers a Cent account with a $1 minimum deposit Description |
| NSFX Broker | MT4, JForex Trading Platforms | NSFX offers fixed Forex spreads trading on MT4 and provides low spreads plus a commission charge on MT4 and JForex, allowing a wide range of trading styles Description |
Cryptocurrency CFDs
- FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dashcoin, IOTA, Ethereum Classic, EOS, Emercoin, Monero and NEO.
Spreads
- Both FXOpen and NSFX can provide low varible spreads plus a commission charge. NSFX can offer fixed Forex spreads on MT4.
Commissions
- For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
- 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
FXOpen offers MT4, MT5 and TickTrader. NSFX offers MT4 and JForex.
Why FXOpen or NSFX ?
Traders who want to trade on MT4 may do so at either. Traders who want to trade on MT5 can do so at FXOpen. Traders who want to trade on TickTrader (a user friendly platform) may do this at FXOpen. Traders who want to trade on JForex can find this platform at NSFX. Traders who want to trade with fixed Forex spreads can find an MT4 fixed spreads accont at NSFX. Traders who want to use robots can do so on all these platforms. Traders who want to trade on a Cent account with a low minimum deposit can find one at FXOpen.
Comparison summary
- Both offer CFD trading
- Each provides MT4
- FXOpen additionally provides TickTrader
- NSFX additionally offers JForex
- Both allow automated trading
- FXOpen offers a Cent account with a low minimum deposit
- NSFX has a fixed spreads MT4 Forex account
