image AFX Capital VISIT AFX CAPITAL image NSFX VISIT NSFX image Forex.com VISIT FOREX.COM
About

AFX Capital is regulated by the Financial Conduct Authority and CySEC. AFX Capital have provided Forex, CFD trading services since 2010.

NSFX is regulated by MFSA number IS/56519. NSFX have provided Forex, Spread betting, CFD trading services since 2010.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 8 years in business
  • Yes
  • Yes
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters 33 Sun Street, 2nd floor, London, UK, EC2M 2PY Malta London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 80
Commodities Offered 12
Stocks Offered 220
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes Yes Yes
Dow Jones No Yes Yes
Dax No Yes Yes
Nikkei No Yes Yes
ETFs No No Yes
IPO No No Yes
See all instruments

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See all instruments

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac No Yes No
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM Yes Yes No
Custom Platforms AFX Fast Jforex FOREXTrader PRO

APPS

iOS image No Yes Yes
Android image No Yes Yes
Windows image Yes Yes Yes
Available Languages

English, Polish, Italian, Polish, and Chinese

English and Arabic

English, Chinese, and Arabic

See platform & features

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See platform & features

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by AFX Capital and NSFX

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No Yes No
Standard account Yes Yes Yes
ECN Account Yes Yes Yes
Islamic account Yes No Yes
Zero spread account No No No
VIP account Yes Yes No
Fixed spreads Yes Yes Yes
Variable spreads Yes Yes Yes
See account options

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See account options

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server Yes No No
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot Varies
Max trade $5,000 100 Lot 5 million
Min deposit $20 $300 $50

RISK MANAGEMENT

Stop losses No No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops No No Yes
Price alerts No Yes Yes
Signal trading No Yes No

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller Yes No No
Skrill Yes No No
Payment processing time 1 business day 1-5 business days Varies
Withdrawal processing time 1-5 business days 1 business day 1-2 business days
See all funding options

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See all funding options

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US US BE
Contact email Send Email Send Email Send Email
phone number +44 207 710 0000 (UK), +357 25262710 (CY) (+356) 2778 1919 Yes
Live Chat No Yes Yes
Website http://www.stofs.co.uk/ https://www.nsfx.com http://www.forex.com
Forex Spreads
EUR/USD 3.00 1.00
GBP/USD 3.00 1.00
USD/JPY 3.00 0.90
AUD/USD 1.1 1.2
Cryptocurrency Spreads N/A
View all FX spreads

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View all FX spreads

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 250.0
Nasdaq 100 130.0
Euro Stoxx 50 4.0
ASX 200
S&P 500 50.0
FTSE 100 150.0
Google N/A
Facebook N/A
View all spreads

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View all spreads

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee Yes No No
Commission $5/Lot per side Yes No
Deposit Fee No No No
Withdrawal Fee No Yes No
View All Fees

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View All Fees

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

Featured In Best Brokers For Hedging
Best Brokers With VPS
Best Brokers For Indices
Best FCA Regulated Brokers
Best CySEC Regulated Brokers
Best 5 Digit Brokers
Best Brokers For Major Pairs
Best Brokers For Cross Currency Pairs
Best Brokers For EUR/USD
Best Brokers For Indices
Best Futures Brokers
Best FTSE100 Brokers
Best Dow Jones Brokers
Best DAX Brokers
Best FCA Regulated Brokers
Last update

All information collected from http://www.stofs.co.uk/. Last updated on 01/07/2019.

All information collected from https://www.nsfx.com. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

AFX Capital is an online forex trading service provider who are regulated by the Financial Conduct Authority, CySEC. To open an account with AFX Capital, minimum deposits start from $20.

With AFX Capital you can trade Forex, indices, commodities, equities, and bonds.

AFX Capital offer MetaTrader 4, AFX Fast platforms to make your trades and support 5 different languages.

The spreads offered by AFX Capital for the most popular instruments are:
1.8 EUR/USD, 1 FTSE 100, 38 GOLD,
2.1 GBP/USD, 3 DOW/JONES, 4 Crude Oil,
see all the spreads here.

NSFX is an online forex trading service provider who are regulated by MFSA. To open an account with NSFX, minimum deposits start from $300.

With NSFX you can trade Forex, CFDs, gold, Crude Oil,and indices. If you like to trade on the go, NSFX have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

NSFX offer NSTrader for Desktop and Web, NSTrader for Mobile, MT4 Desktop, MT4 Mobile, MT4 Webtrader, MT4 ECN Trading Suite, MT4 ECN Multi-Terminal, MT4 ECN Desktop, MT4 ECN Mobile, MT4 ECN Webtrader, NSFX Pro platforms to make your trades and support 5 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by NSFX for the most popular instruments are:
3 EUR/USD, 3 FTSE 100, 60 GOLD,
3 GBP/USD, 4 DOW/JONES, 6 Crude Oil,
see all the spreads here.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

Popular comparisons

Popular comparisons feat. AFX Capital

AFX Capital Alternatives

AFX Capital vs JFD Wealth
AFX Capital vs AAAFx
AFX Capital vs NSFX
AFX Capital vs STO
AFX Capital vs LCG

Popular comparisons feat. NSFX

NSFX Alternatives

ETX Capital vs NSFX
Core Spreads vs NSFX
Plus500 vs XM
IG vs NSFX

Popular comparisons feat. Forex.com

Forex.com Alternatives

Forex.com vs Oanda
Forex.com vs eToro
Forex.com vs Plus500
Forex.com vs FXCM
Forex.com vs IG

AFX Capital or NSFX?

Offers Islamic accounts or offers live chat support ?

If you’re a trader looking for a broker that offers Islamic accounts, AFX Capital may be the better option. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider AFX Capital to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

AFX Capital is regulated by Financial Conduct Authority, CySEC, while NSFX is regulated by MFSA.

As the Financial Conduct Authority are one of the most stringent regulators in the world, AFX Capital will have very strict guidelines to follow to ensure they protect their retail trader clients.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

AFX Capital has been around for 9 years, while NSFX have been around for 9 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both AFX Capital and NSFX use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on AFX Capital or NSFX in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both AFX Capital and NSFX are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

AFX Capital are based in 33 Sun Street, 2nd floor, London, UK, EC2M 2PY, while NSFX are based in Malta.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both AFX Capital and NSFX offer forex trading. Also, if you’re looking to trade cryptocurrencies,

neither AFX Capital nor AFX Capital offer commodity trading.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both AFX Capital and NSFX offer this. Our alternative broker, Forex.com, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. NSFX, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

AFX Capital does allow scalping and hedging. While NSFX also allows scalping and hedging. You can't trade with EAs (expert advisors) on AFX Capital but you can trade EAs (expert advisors) with NSFX.

In terms of risk management tools, neither AFX Capital or NSFX offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

AFX Capital accept Neteller while

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, AFX Capital charges points, while NSFX charges 3.00 points. Therefore, AFX Capital is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: AFX Capital or NSFX?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, AFX Capital is more reliable based on our criteria above. NSFX has a wider range of instruments to trade. NSFX offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.