eToro vs NordFX, Updated for 2022
Read our In-Depth eToro vs NordFX Review - Updated for 2022
This eToro vs NordFX review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs NordFX review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
NordFX Excluded Countries
United States of America, Canada, Syrian Arab Republic, Sudan, Cuba, and Netherlands.
Compare eToro vs NordFX
Every online trading platform will have some ups and downs, and no eToro and NordFX review would be complete without showing both sides. Compare eToro and NordFX to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between eToro or NordFX. Who should you choose?
This eToro vs NordFX comparison contains the most recent information so you can easily compare NordFX against eToro.
If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You'll acquire proficient at all the concepts of brokerage as you continue trading. For starters, you need to choose the right broker who will be clear with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. eToro and NordFX are two such platforms that will take you along with your investment to great heights. It is important that you compare eToro vs NordFX before you trust them with your cash.
Our eToro vs NordFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and NordFX side by side.
Our full eToro vs NordFX Review covers everything you need to learn about trading using either eToro or NordFX. A fantastic agent can multiply your first investments and provide you positive profits. If you want to make profits, you should trade with a broker service that contrasts with your investing goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It is a common misconception that all brokers will be the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
eToro and NordFX are both brokers which have paved their way successfully to the brokerage world. In this review, we have attempted to collate some of the vital aspects of both eToro and NordFX. This review can help you to know whether either NordFX or eToro is a good fit for your investments or not. We've attempted to breakdown all of the qualities and fees for your convenience.
Benefits of eToro and NordFX Compared
eToro offers a minimum deposit of $50 while NordFX offers a $10 minimum deposit.
Why smaller minimum deposits are good and how eToro and NordFX compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments while NordFX has around 100 financial instruments on their platform.
The more instruments you can trade on the eToro and NordFX platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of eToro or NordFX.
eToro and NordFX Contact Details
Being able to contact an online trading platform through many ways is a sign of a professional broker. eToro and NordFX have the following contact details and social medias that you can use.
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| Broker | eToro | NordFX |
| Telephone Number | +91 120 433 3948 | |
| support@etoro.com | support@nordfx.com | |
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | Pot 805/103 Rue D'Auvergne, Port Vila, Vanuatu |
| eToro Twitter Account | NordFX Twitter Account | |
| eToro Facebook Page | NordFX Facebook Page | |
| eToro Instagram Account | NordFX Instagram Account | |
| eToro LinkedIn Page | NordFX LinkedIn Page | |
| YouTube | eToro YouTube Channel | NordFX YouTube Channel |
| Find Out More |
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NordFX and eToro Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of eToro and NordFX we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs NordFX - Awards
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| Broker | eToro | NordFX |
| Awards |
eToro have won numerous industry awards over the time they have been operating as an online trading platform. We detail the most recognised awards for eToro below.
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At the time of writing this NordFX review, and despite NordFX’s impressive offering, the company has surprisingly not garnered any awards to date. |
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eToro vs NordFX - Frequently Asked Questions
eToro vs NordFX - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
NordFX was founded in 2008 and has its head office in Mauritius.
What is the minimum deposit for NordFX or eToro
The minimum deposit for eToro is $50.
The minimum deposit for NordFX is $10.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and NordFX are a good choice.
eToro vs NordFX - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
NordFX is regulated by VFSC (15008).
Both eToro and NordFX have a powerful set of rules for ensuring fair trading onto their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare eToro vs NordFX Commission And Fees
eToro and NordFX are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. In other words, an internet broker isn't necessarily influenced by the number of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you're paying a spread, funding rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are people who are charged when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They are charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, neither eToro or NordFX charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by eToro and NordFX are comparatively greater. Consequently, you are billed more for non-trading activities in your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This eToro vs NordFX review for 2022 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For eToro And NordFX
What Languages Do eToro And NordFX Support?
Being able to talk completely with your trading platform is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find all the languages that both eToro and NordFX offer communication in.
How Many Clients Do eToro and NordFX Have?
Both eToro and NordFX are well known and trusted. It is really important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers eToro and NordFX are working with
What Payment Methods Do eToro and NordFX Accept?
eToro and NordFX both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and NordFX
What Can You Trade With eToro and NordFX?
eToro offers 100 trading instruments whilst NordFX offers 116.
Below you will find a full breakdown of what both eToro and NordFX offer.
Compare eToro To All Other Brokers
Compare NordFX To All Other Brokers