TeraFX vs NordFX
TeraFX or NordFX – which is better for UK traders 2024? Compare TeraFX and NordFX in this detailed breakdown of their platforms, features and fees.
TeraFX | NordFX |
---|---|
TeraFX is ranked #96 among CFD brokers. | NordFX is ranked #26 among CFD brokers. |
TeraFX is a London-based forex and CFD broker regulated by the FCA. The broker offers NDD market execution on a small range of instruments across currencies, indices and commodities. TeraFX prides itself on its multilingual 24/5 customer service, with client security in mind. Traders can access a range of account types, suitable for novices and pros alike. | Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MetaTrader 4 platform and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000. |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
FCA Regulated | |
Yes | No |
Instruments | |
Forex, CFDs, indices, commodities, cryptocurrencies | Forex, CFDs, indices, commodities, cryptos, stocks |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $10 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | $1 |
Regulator | |
FCA | |
Mobile Apps | |
Yes | iOS & Android |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
No | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
No | No |
ECN Account | |
Yes | Yes |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Auto Trading | |
Yes | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
You can copy the trades of experienced investors using real-time signals. You only pay a fee on winning trades, starting from 10%. New subscribers can also get started with a competitive $100 minimum deposit. | |
Social Trading | |
No | Yes |
Trade Signals | |
Yes (via MetaQuotes Software Corp - MT4) | |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | Yes |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
Yes | No |
Account Currencies | |
|
|
Commodities | |
|
|
CFD | |
Access a range of CFDs across commodities and indices, though with a $7 commission, this is not the most competitive rate compared to alternatives. On the positive side, the broker does offer appropriate and regulated leverage up to 1:30. | CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4. Execution speeds are also decent, averaging 0.5 seconds, though there is also a VPS service facilitating 24/7 connectivity for algo strategies. |
Leverage | |
1:30 (Retail), 1:200 (Pro) | 1:1000 |
FTSE Spread | |
Floating | - |
GBPUSD Spread< | |
Floating | From 0.1 |
Oil Spread | |
Floating | From 0.0 |
Stocks Spread | |
N/A | From 0.0 |
Forex | |
Trade 60+ currency pairs on the MT4 platform with low margin requirements. Traders can access the forex market from Sunday through to Friday with 24/5 broker support. | NordFX offers a modest range of 33 major and minor forex pairs. Disappointingly, there are no exotic pairs, though traders do benefit from tight spreads from 0.0 pips and low commissions from 0.0035% per side. |
Assets | |
59 | 33 |
GBPUSD Spread | |
Floating | From 0.4 |
EURUSD Spread | |
Floating | From 0.0 |
EURGBP Spread | |
Floating | From 0.2 |
TeraFX | NordFX |
More Comparisons | |
TeraFX vs |
NordFX vs |