NordFX
SpreadCo
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
NordFX was founded in 2008 and is headquartered in Mauritius, while SpreadCo was established in 2005 and is based in London. NordFX holds licences including VFSC (15008), while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. NordFX serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $10 at NordFX and $100 at SpreadCo.
| Feature | NordFX | SpreadCo |
|---|---|---|
| Min. Deposit | $10 | $100 |
| Regulation | VFSC (15008) | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2005 |
| Country | Mauritius | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between NordFX and SpreadCo, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $100 at SpreadCo). SpreadCo charges withdrawal fees while NordFX does not, giving NordFX an edge for frequent withdrawers. NordFX applies inactivity fees on dormant accounts; SpreadCo does not. SpreadCo charges deposit fees; NordFX does not. Overall, NordFX scores higher on fees in our assessment.
| Feature | NordFX | SpreadCo |
|---|---|---|
| Min. Deposit | $10 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
NordFX offers MT4, MT5, while SpreadCo supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. SpreadCo edges ahead on platform breadth and functionality in our scoring.
| Feature | NordFX | SpreadCo |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how NordFX and SpreadCo compare. Both provide video tutorials. SpreadCo integrates third-party research tools (Autochartist); NordFX does not. NordFX scores higher overall in education and research.
| Feature | NordFX | SpreadCo |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. NordFX accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while SpreadCo supports 2 (bank transfer, credit/debit card). NordFX uniquely supports Skrill and Neteller among the two brokers. NordFX scores higher on deposit and withdrawal flexibility.
| Feature | NordFX | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both NordFX and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. NordFX supports 13 languages and SpreadCo supports 2, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | NordFX | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay | English, and Chinese |