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.

Eightcap
8.2 /10

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.

VISIT EIGHTCAP
NSFX
8.2 /10

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.

VISIT NSFX
XTB
10 /10

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.

VISIT XTB
About

Eightcap is regulated by ASIC. Eightcap have provided Forex, Spread betting, CFD, Indices trading services since 2015.

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

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 3 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 8 years in business
  • Yes
  • Yes
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Melbourne, Australia Malta Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 42 48
Commodities Offered 0 21
Stocks Offered 0 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks No No Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs No No Yes
IPO No No Yes
See all instruments

Losses can exceed deposits

See all instruments

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

See all instruments

77% 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 Yes
WebTrader No Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No Yes No
Custom Platforms No Jforex Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes Yes
Available Languages

English and Chinese

English and Arabic

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

Losses can exceed deposits

See platform & features

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

See platform & features

77% 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 Eightcap and NSFX

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

Losses can exceed deposits

See account options

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

See account options

77% 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) Yes Yes Yes
Virtual private server No 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 0.01 Lot
Max trade None 100 Lot 100 Lot
Min deposit $100 $300 $1

RISK MANAGEMENT

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

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No No Yes
Skrill No No Yes
Payment processing time 1 business day 1-5 business days Same day if requested before 1PM
Withdrawal processing time 1-5 business days 1 business day Same day if requested before 1PM
See all funding options

Losses can exceed deposits

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

77% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US US US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number 61 3 8373 4800 (+356) 2778 1919 44 2036953085
Live Chat Yes Yes Yes
Website http://www.eightcap.com/ https://www.nsfx.com www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) Not offered 0.5 pips 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered 1.2 pips 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 1.4 pips 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered 1.1 pips 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered 1.2 pips 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered 1.1 pips 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered 1.2 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered 1.1 pips 0.1 pips
View all spreads

Losses can exceed deposits

View all spreads

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

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No No No
Commission Yes Yes Yes
Deposit Fee Yes No No
Withdrawal Fee Yes Yes No
View All Fees

Losses can exceed deposits

View All Fees

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

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from http://www.eightcap.com/. Last updated on 01/12/2019.

All information collected from https://www.nsfx.com. Last updated on 01/12/2019.

All information collected from www.xtb.com. Last updated on 01/12/2019.

Company

Eightcap is an online forex trading service provider who are regulated by the ASIC. To open an account with Eightcap, minimum deposits start from $100.

With Eightcap you can trade Currencies, indices, metals, and oil. If you like to trade on the go, Eightcap have iPhone appAndroid app so you can trade from anywhere on your phone.

Eightcap offer MetaTrader 4, Myfxbook AutoTrade platforms to make your trades and support 25 different languages.

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

The spreads offered by Eightcap for the most popular instruments are:
0.2 EUR/USD, 1.0 FTSE 100, 0.01 GOLD,
0.4 GBP/USD, 1.0 DOW/JONES, 0.10 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.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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Eightcap or NSFX?

A wide range of instruments or offers VIP accounts ?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Eightcap is likely the better option out of these brokers. 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 Eightcap to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Eightcap is regulated by ASIC, while NSFX is regulated by MFSA.

XTB 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.

Eightcap has been around for 4 years, while NSFX have been around for 9 years. Our third alternative broker, XTB, have been around for 17 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 Eightcap 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 Eightcap 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 Eightcap 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.

Eightcap are based in Melbourne, Australia, 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 Eightcap and NSFX offer forex trading. Eightcap have a slightly larger variety of currency pairs with 42 pairs, compared to offered by NSFX. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, Eightcap may be a better fit as NSFX does not 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 Eightcap and NSFX offer this. Our alternative broker, XTB, 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.

Eightcap does allow scalping and hedging. While NSFX also allows scalping and hedging. You can trade with EAs (expert advisors) on both Eightcap and NSFX.

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

Eightcap also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Eightcap accept Payoneer 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, Eightcap charges 0.00 points, while NSFX charges 3.00 points. Therefore, Eightcap 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: Eightcap 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, Eightcap is more reliable based on our criteria above. Eightcap has a wider range of instruments to trade. Eightcap 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.