NordFX
umarkets
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Overview
NordFX was founded in 2008 and is headquartered in Mauritius, while umarkets was established in 2018 and is based in Bulgaria. NordFX holds licences including VFSC (15008), while umarkets is regulated by Financial Conduct Authority (FCA) among others. NordFX serves 10,000+ clients worldwide; umarkets has 10,000+. The minimum deposit is $10 at NordFX and $250 at umarkets.
| Feature | NordFX | umarkets |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Regulation | VFSC (15008) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F333 |
| Founded | 2008 | 2018 |
| Country | Mauritius | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between NordFX and umarkets, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at umarkets). umarkets charges withdrawal fees while NordFX does not, giving NordFX an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, NordFX scores higher on fees in our assessment.
| Feature | NordFX | umarkets |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
NordFX offers MT4, MT5, while umarkets 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. umarkets edges ahead on platform breadth and functionality in our scoring.
| Feature | NordFX | umarkets |
|---|---|---|
| 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how NordFX and umarkets compare. Both provide video tutorials. umarkets integrates third-party research tools (Autochartist); NordFX does not. NordFX scores higher overall in education and research.
| Feature | NordFX | umarkets |
|---|---|---|
| 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 umarkets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). umarkets uniquely supports PayPal among the two brokers. umarkets scores higher on deposit and withdrawal flexibility.
| Feature | NordFX | umarkets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both NordFX and umarkets offer live chat support. Both provide phone support. Email support is available at both brokers. NordFX supports 13 languages and umarkets supports 8, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | NordFX | umarkets |
|---|---|---|
| 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, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |