5paisa vs NicoFX

5paisa vs NicoFX Comparison Table 2021
5paisa NicoFX
5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products. NicoFX facilitates trading in forex and precious metals under CySEC regulation.
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
Awards
Fastest Growing European STP Broker 2016 - Global Banking & Finance Awards
Best STP Broker 2016 - MENA Awards
Bonus
None None
Instruments
Stocks, Futures, Options, Forex Forex, Metals
Demo Account
No Yes
Minimum Deposit
INR 450 $100
Payment Methods
Wire Transfer Credit Card, Mastercard, Skrill, UnionPay, Visa, Wire Transfer
Minimum Trade
No 0.01 lots
Regulator
SEBI CySEC
Margin Trading
Yes No
Margin Rate
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
Mobile Apps
iOS & Android Yes
Auto Trading
No Yes (EAs)
Trade Signals
Yes Yes
Social Trading
No No
Copy Trading
No No
Islamic Account
No Yes
Account Currencies
INR -
Forex
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee. Start trading a long list of leading currencies with up to 1:30 leverage.
GBPUSD Spread
N/A From 0.9
EURUSD Spread
N/A From 0.9
EURGBP Spread
N/A From 0.9
Assets
4 38