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NordFX vs AAATrade

NordFX or AAATrade – which is better for UK traders 2024? Compare NordFX and AAATrade in this detailed breakdown of their platforms, features and fees.

NordFX vs AAATrade Comparison Table 2024
NordFX	AAATrade

3.5	3.5
NordFX is ranked #21 among CFD brokers.	AAATrade is ranked #91 among CFD brokers.
Review	Review
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 MT4 and MT5 platforms 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.	AAATrade is a forex and CFD broker established in 2013 and regulated by CySEC. The STP broker offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency products on the proprietary and MetaTrader platforms. Traders can benefit from standard retail accounts as well as portfolio management and advisory services.
Pros
NordFX has strengthened its account options with Pro accounts featuring spread-only pricing and Zero accounts with spreads from 0.0 on assets like the EUR/USD. The straightforward copy trading service may appeal to beginners or improving traders, with just a $100 minimum deposit to get started. There's an impressive range of 25+ payment methods, including local bank transfers, with zero fees and near-instant processing, making for a convenient account funding experience. There’s a great range of trading tools available to bolster the trading environment, notably VPS hosting, calculators, live signals and an economic calendar. NordFX has bolstered its charting tools for advanced traders, adding MT5 to its existing MT4 integration, with faster, multi-threaded processing.	I was glad to see commission-free trading available in the Novice account, though seasoned traders can also benefit from low commissions from 0.125% in the Experienced account There's a good range of trading platforms, including the new AAATrader™ and MT5 mobile app. I particularly appreciated the broker's in-house crypto exchange platform I feel assured the AAATrade is regulated by tier-1 authority, the CySEC and is also a member of the Investor Compensation Fund (ICF) I like that there is no minimum deposit for both the Novice and Experienced Accounts, making the broker accessible for all traders I was very impressed to find a $100,000 demo account available with free access to webinars and forex education
Cons
The lack of regulatory oversight is a significant concern as clients of NordFX may receive limited safeguards, notably no negative balance protection or segregated accounts. With only around 100 instruments, NordFX’s market coverage is lacklustre at best, with a particularly poor selection of around 20 shares. Although NordFX offers competitive pricing in its Zero accounts, it still trails the cheapest brokers like IC Markets, while the Pro accounts feature industry-high spreads from 10 pips.	I'm a little disappointed that fees charged on deposits, which puts the broker behind most competitors offering free deposits Crypto trading does not have the same protection or regulation as other markets, though this is industry standard
Awards
Best Social Trading Network 2021 - Forex Awards Best Affiliate Program 2021 - Forex Awards Best Customer Support 2021 - Forex Traders Association The Most Transparent Broker 2021 - World Forex Award
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, indices, commodities, cryptos, stocks	CFDs, Forex, Stocks, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Payment Methods
Credit Cards Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer	Credit Cards Debit Card emerchantpay FasaPay Maestro Neteller Skrill
Minimum Trade
$1	$0
Regulator
	CySEC
Mobile Apps
iOS & Android	Yes (iOS & Android)
iOS App Rating
4.8
Android App Rating
4.4
Margin Trading
Yes	Yes
Margin Rate
	1:200
MetaTrader 4
Yes	No
MetaTrader 5
Yes	Yes
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	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
Yes	Yes
LAMM Account
No	Yes
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
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
Yes	No
Trade Signals
Yes (via MetaQuotes Software Corp - MT4)	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD	USD EUR GBP
Commodities
Oil Silver Gold
CFD
CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4 and MT5. Execution speeds are also decent, averaging 0.5 seconds, though there is also a VPS service facilitating 24/7 connectivity for algo strategies.	During my tests, I found thousands of leveraged CFD products across forex, indices, commodities, stocks and cryptocurrencies. Commissions are competitive and I particularly enjoyed using all the free CFD trading resources available in the demo account.
Leverage
1:1000	1:200
FTSE Spread
-	0.5
GBPUSD Spread<
0.1	0.00002
Oil Spread
0.0	0.10
Stocks Spread
0.0	Floating
Forex
NordFX offers a modest range of 30+ 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. It also provides insightful weekly forecasts covering key forex assets like EUR/USD.	AAATrade offers 80+ forex pairs, including majors and minors, which is a competitive range and more than most brokers I have reviewed. I was also able to take advantage of the broker's daily technical insights with chart analysis, as well as the live economic calendar.
Assets
30+	10000+
GBPUSD Spread
0.4	0.00002
EURUSD Spread
0.0	0.00002
EURGBP Spread
0.2	0.00002
Cryptocurrency
NordFX offers 13 leveraged cryptocurrency CFDs paired with USD, including BTC, DOGE, LINK and ETH. The selection is small, although high leverage up to 1:1000 is available and there’s also a crypto base currency savings account with daily interest payouts.	I was impressed with AAATrade's range of 50 cryptocurrencies, including Bitcoin and Ethereum, which is more than most brokers I review. I was particularly glad to see a good mix of crypto-crypto pairs, as well as some crypto-fiat pairs against USD and EUR.
Spread
From 1.0	Floating
Coins
BTC ETH DSH BAB BSV XRP ZEC EOS ETC LTC OMG	BCH BTC EOS ETC ETH LTC USDT DOGE XLM XRP XTC ZEC ADA ATOM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	Yes

NordFX	AAATrade
Review	Review
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