Etrade
NordFX
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Overview
Etrade was founded in 2012 and is headquartered in United States, while NordFX was established in 2008 and is based in Mauritius. Etrade holds licences including Securities and Exchange Commission (SEC), while NordFX is regulated by VFSC (15008) among others. Etrade serves 10,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $100 at Etrade and $10 at NordFX.
| Feature | Etrade | NordFX |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | VFSC (15008) |
| Founded | 2012 | 2008 |
| Country | United States | Mauritius |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Etrade and NordFX, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $100 at Etrade). Neither broker charges withdrawal fees. NordFX applies inactivity fees on dormant accounts; Etrade does not. Overall, NordFX scores higher on fees in our assessment.
| Feature | Etrade | NordFX |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Etrade offers MT4, MT5, cTrader, while NordFX supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Etrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Etrade | NordFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . | MT4, MT5, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Etrade and NordFX compare. Etrade runs regular live webinars; NordFX does not. Both provide video tutorials, including advanced content. Etrade publishes daily market commentary; NordFX does not. Etrade integrates third-party research tools (Trading Central); NordFX does not. Etrade maintains an archive of past webinars for on-demand viewing. The two brokers are evenly matched on educational content.
| Feature | Etrade | NordFX |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Etrade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while NordFX supports 4 (bank transfer, credit/debit card, Skrill, Neteller). NordFX uniquely supports Skrill and Neteller among the two brokers. NordFX scores higher on deposit and withdrawal flexibility.
| Feature | Etrade | NordFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Etrade and NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. Etrade supports 2 languages and NordFX supports 13, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | Etrade | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |