Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
![]() |
![]() |
![]() |
||
---|---|---|---|---|
BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Tradeo
9
/10
VISIT TRADEO
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
NordFX
0
/10
VISIT NORDFX
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
eToro
8.7
/10
VISIT ETORO
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
|
About |
Tradeo is regulated by CySEC and have provided Forex, CFD, and social trading services since 2011. |
NordFX is regulated by Financial Services Commission of the Republic of Mauritius and has provided forex trading services since 2008. |
eToro is regulated by CySEC. eToro have provided Forex trading services since 2006. 71% of retail CFD accounts lose money |
|
Why choose them? |
|
|
|
|
Headquarters | Limassol, Cyprus | NFX CAPITAL VU INC, VANTU HOUSE 133 SANTINA PARADE, ELLUK, PORT VILA, EFATE, VANUATU | Limassol, Cyprus | |
TRADING SERVICES OFFERED |
||||
Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 41 | 14 | 47 | |
Commodities Offered | 70 | 6 | ||
Stocks Offered | 0 | 68 | 957 | |
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
80% of retail investor accounts lose money when trading CFDs with this provider |
See all instruments
Losses can exceed deposits |
See all instruments
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
||
PLATFORM & FEATURES |
See the platforms and features offered by each broker |
|||
Screenshot |
![]() |
![]() |
![]() |
|
MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | Tradeo | No | CopyTrader | |
APPS |
||||
iOS |
||||
Android |
||||
Windows |
||||
Available Languages |
English, Russian, German, Italian, Spanish, Chinese, Portuguese, and French |
Hindi, Chinese, Arabic, Portuguese, English, Spanish, and Russian |
English, German, Spanish, French, and Italian |
|
See platform & features
80% of retail investor accounts lose money when trading CFDs with this provider |
See platform & features
Losses can exceed deposits |
See platform & features
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
||
ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by Tradeo and NordFX |
|||
Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
80% of retail investor accounts lose money when trading CFDs with this provider |
See account options
Losses can exceed deposits |
See account options
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
||
TRADING CONDITIONS |
||||
Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 0.01 Lot | $25 | |
Max trade | None | None | 20% of equity | |
Min deposit | $250 | $1 | $200 | |
RISK MANAGEMENT |
||||
Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
||||
Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | Varies | Varies | Varies | |
Withdrawal processing time | Varies | Varies | Varies | |
See all funding options
80% of retail investor accounts lose money when trading CFDs with this provider |
See all funding options
Losses can exceed deposits |
See all funding options
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
||
DETAILED INFO |
||||
Excluded countries | No,US | No,US | IR,KP,BE,CA,JP,SY,TR,IL,SG,HK | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 44-203-695-8555 | No | 44-866-350-0881 | |
Live Chat | ||||
Website | https://tradeo.com/ | http://nordfx.com/ | www.etoro.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | 2.7 pips | Not offered | 3.0 pips | |
GBP/USD (Average: 1.1 pips) | 4.0 pips | Not offered | 4.0 pips | |
USD/JPY (Average: 1.1 pips) | 3.5 pips | Not offered | 2.0 pips | |
AUD/USD (Average: 0.8 pips) | 3.1 pips | Not offered | 1.0 pips | |
USD/CHF (Average: 2.3 pips) | 3.7 pips | Not offered | 3.0 pips | |
USD/CAD (Average: 2.9 pips) | 4.1 pips | Not offered | 3.0 pips | |
NZD/USD (Average: 3.6 pips) | 4.5 pips | Not offered | 5.0 pips | |
EUR/GBP (Average: 2.4 pips) | 3.7 pips | Not offered | 4.0 pips | |
View all spreads
80% of retail investor accounts lose money when trading CFDs with this provider |
View all spreads
Losses can exceed deposits |
View all spreads
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
||
FEES |
||||
Inactivity Fee | Yes | No | Yes | |
Commission | No | Yes | No | |
Deposit Fee | Varies | No | No | |
Withdrawal Fee | Yes | No | Yes | |
View All Fees
80% of retail investor accounts lose money when trading CFDs with this provider |
View All Fees
Losses can exceed deposits |
View All Fees
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
||
Featured In | Best Social Trading BrokersBest Futures BrokersBest Brokers For CocoaBest DAX BrokersBest CySEC Regulated Brokers | Best Brokers That Accept Perfect MoneyBest MT5 BrokersBest Brokers For HedgingBest Brokers For Expert AdvisorsBest 5 Digit Brokers | Best Social Trading BrokersBest Day Trading BrokersBest Bitcoin BrokersBest Ethereum BrokersBest Brokers For Commodities | |
Last update |
All information collected from https://tradeo.com/. Last updated on 01/03/2021. |
All information collected from http://nordfx.com/. Last updated on 01/03/2021. |
All information collected from www.etoro.com. Last updated on 01/03/2021. |
|
Company |
Tradeo focuses on transparency, flexibility and reliability to provide traders a positive platform for their trading experience. Tradeo has been featured on many leading publications including TechCrunch, Mashable, The Wall Street Journal and the Dow Jones to name a few. |
NordFX is an online forex trading service provider who are regulated by the Financial Services Commission. To open an account with NordFX, minimum deposits start from $1. |
Founded in 2006 and based out of Tel-Aviv, eToro enables traders to follow various sectors including nearly two hundred and fifty different stocks. CFD and currency trades are likewise a possibility. As of this year, eToro boasts more than six million members worldwide. |
|
Popular comparisons |
Popular comparisons feat. Tradeo
ETX Capital vs Tradeo |
Popular comparisons feat. NordFX
ETX Capital vs Plus500 |
Popular comparisons feat. eToro
eToro vs Tradeo |
If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Tradeo is likely the better option out of these brokers. However, if you want a broker with lower spreads on currency pairs like EUR/USD, NordFX may be more appropriate.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Tradeo and NordFX to be equally reliable. We’ve broken down why below:
Tradeo is regulated by CySEC, while NordFX is regulated by Unregulated.
eToro are also regulated by the Financial Conduct Authority.
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.
Tradeo has been around for 10 years, while NordFX have been around for 13 years. Our third alternative broker, eToro, have been around for 15 years.
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.
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 Tradeo and NordFX use tier one banks, but we are not sure of which bank specifically.
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.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
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 Tradeo and NordFX are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
Tradeo are based in Limassol, Cyprus, while NordFX are based in NFX CAPITAL VU INC, VANTU HOUSE 133 SANTINA PARADE, ELLUK, PORT VILA, EFATE, VANUATU .
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:
If you’re looking to trade currency pairs, both Tradeo and NordFX offer forex trading. Tradeo have a slightly larger variety of currency pairs with 41 pairs, compared to 14 offered by NordFX. Also, if you’re looking to trade cryptocurrencies, Tradeo offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.
If you’re looking to trade commodities like gold, silver or oil, Tradeo may be a better fit as NordFX does not offer commodity trading.
Tradeo also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
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 Tradeo and NordFX offer this. NordFX also offer the new & improved MT5 platform.
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. NordFX, for example, offer a mini account, standard account and VIP account.
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.
Tradeo does allow scalping and hedging. While NordFX also allows scalping and hedging. You can trade with EAs (expert advisors) on both Tradeo and NordFX.
In terms of risk management tools, neither Tradeo or NordFX offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Tradeo also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.
Both Tradeo and NordFX accept Neteller as a funding method.
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, Tradeo and NordFX both charge points. Therefore, both brokers are equally affordable for this instrument. 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.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, NordFX is more reliable based on our criteria above. Tradeo has a wider range of instruments to trade. Tradeo 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.