Verdict

/ 5

NordFX review

trusted

By Dmitry Shalikovsky

Updated on Dec 22, 2024

8 mins read

7 customer reviews

Overview

NordFX is a leading online Forex and CFD broker that has been in operation since 2008. With its headquarters in Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and...

See full overview for NordFX

NordFX is a leading online Forex and CFD broker that has been in operation since 2008. With its headquarters in Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and offices in several other countries, including India and China, NordFX has established a global presence.

As a broker, NordFX provides traders with a wide range of trading assets, including Forex, indices, commodities, and cryptocurrencies. The broker offers multiple trading platforms such as MetaTrader 4 and MetaTrader 5.

NordFX is also accessible via mobile devices and supports iOS and Android operating systems. With these features, NordFX.com is a versatile broker that caters to traders of different levels and preferences.

NordFX is committed to transparency and security, and as such, the broker is registered in St.Lucia.

Overall, this NordFX broker review finds that NordFX.com is a reputable broker that offers competitive trading conditions and diverse asset offerings.

Supported Countries

NordFX supports clients from various countries worldwide, except for some restricted regions such as the USA, Japan, Canada, and several others. The broker caters to a diverse clientele and provides multilingual customer support in English, Chinese, Arabic, Bengali, Hindi, Indonesian, Malay, Farsi, Portuguese, Spanish, Thai, and Urdu.

Apart from its multilingual support, NordFX also provides localized versions of its website and trading platforms, making it easier for clients from different regions to access its services in their preferred language. This enhances the user experience and helps clients feel more comfortable trading with NordFX.

Whether you are a beginner or an experienced trader, NordFX provides an accessible and user-friendly trading environment to help you achieve your investment goals.

Customer Service Rating

NordFX has a customer service rating of “excellent”, with a score of 3.9 out of 5 based on 14 reviews on Trustpilot. The majority of users praised the broker’s prompt and efficient customer support through various channels such as phone, email, and live chat. The support team was also commended for their professionalism and helpfulness in resolving issues and answering queries.

Some users reported experiencing slight delays in processing withdrawal requests, but overall, NordFX was deemed reliable in terms of transaction processing.

NordFX Trading Platforms

NordFX provides its clients with a range of powerful trading platforms to suit their individual trading needs. These platforms include the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

MetaTrader 4: MetaTrader 4 is the most widely used trading platform globally, providing advanced charting tools, automated trading capabilities, and a user-friendly interface. It also supports multiple order types and allows traders to customize their trading strategies using technical indicators and expert advisors.
MetaTrader 5: MetaTrader 5 is an upgraded version of MT4, providing advanced trading tools and features such as more charting options and the ability to trade on exchange-traded products like stocks and futures. It also includes a built-in economic calendar, providing traders with real-time updates on important economic events that may impact the market

Trading Denominations on NordFX

NordFX offers a variety of base currencies for their trading accounts. There is only one base currencies available – USD.

Company Structure

NordFX was established in 2008 and is a forex and CFD broker that provides online trading services worldwide. The company headquarters is in Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. and is regulated by Finanical Service Regulatory Authority (FSRA). NordFX has a subsidiary in India and several representative offices in different parts of the world, including China, India, Philippines.

The company has a team of experienced professionals in the financial and technology industries, with trading, investment, and risk management expertise. NordFX offers a range of trading instruments, including over 40 currency pairs, precious metals, cryptocurrencies, and commodities. The broker operates on a non-dealing desk (NDD) model, which allows for faster execution and tighter spreads.

NordFX is committed to providing its clients with the best possible trading experience by investing in cutting-edge technologies and continuously improving its services. The company has won several awards for its excellent customer service and innovative products, including the “Best Forex Broker in Asia” and “Most Trusted Broker” awards. NordFX also provides educational resources and market analysis to help traders make informed decisions.

NordFX Customer Protection

NordFX has taken significant measures to ensure the safety of its client’s funds and data. They operate under the regulation of the Finanical Service Regulatory Authority (FSRA).

In terms of security, NordFX uses SSL encryption on its website to protect clients’ data and transactions. Additionally, they have implemented two-factor authentication for all account logins, ensuring that only authorized individuals have access to the account.

Trading Information

NordFX provides comprehensive trading information to traders on their website, which includes daily market analysis, trading signals, an economic calendar, and a trading calculator.

The daily market analysis section includes technical and fundamental analysis, market news, and market reviews. The trading signals section provides traders with trading recommendations generated by a team of experienced analysts. The economic calendar section shows the dates and times of upcoming economic events that can impact the markets.

In addition, NordFX offers a trading calculator that helps traders calculate potential profits, losses, and margin requirements for their trades. The calculator takes into account the currency pair being traded, the trade size, and the leverage used. It also provides a breakdown of the required margin, the pip value, and the potential profit or loss.

NordFX Markets Leverage

NordFX offers its clients a high-leverage option, which allows them to take advantage of trading with a smaller initial deposit. The maximum leverage offered by NordFX varies depending on the account type and the instrument traded, with a range from 1:1000 for forex and precious metals to fixed margin for cryptocurrencies to 1:10/1:5 for Stocks and indexes.

Traders should be aware that higher leverage magnifies both potential profits and losses. It’s essential to have a solid understanding of leverage and the risks involved before trading with high leverage.

Deposit and Withdrawal

Deposit

NordFX offers its clients a variety of secure and convenient deposit methods. Traders can deposit funds into their NordFX account using bank wire transfers, credit/debit cards, online payment systems, and cryptocurrencies.

The minimum deposit amount is $10 for MT4 Pro, $50 for MT4 Zero, $100 for MT5 Pro and $200 for MT5 Zero.

Method	Currency	Processing Time	Fee	Minimum Deposit
Bank Wire	USD, EUR	3-5 business days	No fee	$100
Visa/Mastercard	USD, EUR, GBP, RUB, NGN	Instant	1-2%	$10
Neteller	USD, EUR	Instant	No fee	$10
Skrill	USD, EUR	Instant	No fee	$10
Perfect Money	USD	Instant	0.5%	$1
WebMoney	USD, EUR	Instant	0.8%	$1
Cryptocurrencies	BTC, ETH, LTC, USDT	Instant	No fee	$10

Withdrawal

Withdrawals at NordFX are processed through the same payment methods as deposits. The withdrawal request is usually processed within 24 hours during business days. Withdrawals through credit/debit cards and online payment systems are usually processed instantly, while bank wire transfers may take 3-5 business days.

Method	Currency	Processing Time	Fee	Minimum Deposit
Bank Wire	USD, EUR	3-5 business days	$10-$40	$100
Visa/Mastercard	USD, EUR, GBP, RUB, NGN	1-6 business days	1-2%	$10
Neteller	USD, EUR	Instant	No fee	$10
Skrill	USD, EUR	Instant	No fee	$10
Perfect Money	USD	Instant	0.5%	$1
WebMoney	USD, EUR	Instant	0.8%	$1
Cryptocurrencies	BTC, ETH, LTC, USDT	Instant	No fee	$10

NordFX Trading Education and Training

NordFX’s trading education resources are comprehensive and valuable for traders at all levels. The broker provides video tutorials, webinars, and trading guides covering various topics, from the basics of forex trading to advanced trading strategies. These educational resources are available to all clients, regardless of their account type.

One of the standout educational resources offered by NordFX.com is its trading signals service. The broker provides free trading signals generated by a team of experienced analysts. These signals can be used to make informed trading decisions and identify profitable trading opportunities.

NordFX also provides a demo account for new traders to practice trading in a risk-free environment. A demo account is an excellent tool for learning to trade and test new strategies without risking real money. NordFX’s demo account is unlimited, allowing traders to practice for as long as they need to feel comfortable with the trading platform and their trading strategies.

Conclusion

NordFX is a well-regulated and reputable forex broker with over a decade of experience in the industry. Its user-friendly trading platforms, multiple account types, and extensive range of tradable instruments make it an attractive choice for beginner and experienced traders.

The company offers competitive spreads and leverage up to 1:1000 and allows traders to use various trading strategies, including automated trading.

NordFX also prioritizes customer protection, its deposit and withdrawal options are convenient and flexible, with various payment methods available.

However, traders should note the high commission fees for some account types and the limited educational resources. The point here is that NordFX is a trustworthy option if you seek a reliable and diverse trading experience.

Countries

+192

Devices

Minimum deposit

$10

Bonus:

NordFX Forex VPS Hosting

Withdrawal fee

Deposit fee

Our Verdict

4.1

/ 5

See our process of evaluating brokers

Commissions & Fees

/ 5

Deposit & Withdrawal

4.9

/ 5

Customer Support

3.7

/ 5

Account Opening

4.1

/ 5

Regulation & Safety

/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

See the entire process here.

Pros

Regulated by multiple authorities
Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil
Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web
Competitive spreads starting from 0 pips
Allows scalping and hedging strategies
MT5 accounts have interest on free margin

Cons

Limited educational resources for beginners
Limited research tools
Limited customer support options compared to some other brokers
Limited deposit and withdrawal options

General details

Type of accounts

Unlimited Demo Accounts

Standard Accounts

ECN accounts

STP accounts

Swap free accounts

VIP accounts

Micro accounts

Trading platforms

METATRADER 4

METATRADER 5

Meta Trader 4 Mobile

Execution Model

NDD

ECN

STP

Deposit currency

USD

Regulatory complience

CySEC

Deposit payment systems

Withdrawal payment systems

Support Languges

English

Arabic

Bengali

Vietnamese

Spanish

Chinese

Malay

Persian

Portuguese

Russian

Thai

Hindi

Autotrading

NordFX Copy Trading Platform MT4 EA MT5 EA MQL.5 Signals

Contact details

[email protected]

+44 2038688742

Customer reviews

Read real reviews from traders all over the world:

Mark Baus

25 January 2024

Advantages: A broker with a long history

Disadvantages: Muddy regulation

I really like NordFX. It's easy to use, and they've been around since 2008, which is cool. I feel safe using it because they follow the rules. I trade cryptocurrencies, and it's simple on NordFX. Customer support is great – they help me when I need it. With the awards they've won, it's clear they're doing a good job. If you're in Finland and want to trade, NordFX is a good pick.

Leonard Hanson

25 January 2023

Advantages: Allows copy trading, unlike many other traders Low spreads

Disadvantages: Lack of trading instruments

In general, I'd say that working with this broker has been a good experience for me, but the lack of trading instruments there wasn't that good. But the fact that this broker allows coy trading, it was the reason I gave it a try, and in general, trading conditions there weren't the worst, so I think I'll continue working with this broker.

See all 7 customers reviews

Accounts

Type of Trading Accounts on NordFX

Unlimited Demo Accounts: NordFX provides unlimited demo accounts for traders to practice and improve their trading skills. These accounts are free and enable traders to trade in a risk-free environment without risking their own money. Demo accounts are essential for novice traders who want to learn the ropes of trading before investing real money. NordFX offers demo accounts on all its platforms, including MT4, MT5, and the proprietary NordFX Trader.
Standard Accounts: NordFX’s standard accounts are designed for traders who want to trade in forex, precious metals, and cryptocurrencies. The minimum deposit required for a standard account is $10, and the maximum leverage is 1:1000. Standard accounts provide access to all of NordFX’s trading platforms, including MT4, MT5, and NordFX Trader. The spreads for standard accounts start at 0.5 pips.
ECN Accounts: NordFX’s ECN accounts are designed for advanced traders who want direct access to the interbank market. ECN accounts provide the best possible trading conditions, with spreads as low as 0 pips and ultra-fast execution speeds. The minimum deposit required for an ECN account is $1,000, and the maximum leverage is 1:100. NordFX offers ECN accounts on MT4 and MT5.
STP Accounts: NordFX’s STP accounts are designed for traders who want to trade with no dealing desk intervention. STP accounts provide fast and reliable order execution and tight spreads starting from 0.5 pips. The minimum deposit required for an STP account is $10, and the maximum leverage is 1:1000. NordFX offers STP accounts on MT4 and MT5.
Swap-Free Accounts: NordFX’s swap-free accounts are designed for traders who follow Islamic finance principles. These accounts are also known as Shariah-compliant accounts and do not charge any rollover fees for holding positions overnight. The minimum deposit required for a swap-free account is $10, and the maximum leverage is 1:1000. NordFX offers swap-free accounts on MT4 and MT5.
VIP Accounts: NordFX’s VIP accounts are designed for high-net-worth individuals and institutional traders who want personalized trading conditions. VIP account holders can access special trading conditions like lower spreads and higher leverage. The minimum deposit required for a VIP account is $50,000, and the maximum leverage is 1:100. NordFX offers VIP accounts on MT4 and MT5.
Micro Accounts: NordFX’s Micro accounts are designed for traders who want to trade with small amounts of capital. The minimum deposit required for a micro account is $10, and the maximum leverage is 1:1000. Micro accounts provide access to all of NordFX’s trading platforms, including MT4, MT5, and NordFX Trader. The spreads for micro accounts start at 2 pips.

Tradable instruments

Tradable instruments on Nord FX trading platforms include:

Currencies

Cryptocurrencies

Stocks

Commodities

Indices

Frequently asked questions

Find the right answer to your question below.

Is NordFX a scam?

Based on multiple NordFX reviews and its regulatory compliance, there is no indication that NordFX is a scam.

How do I open a NordFX forex trading account?

To open a NordFX forex trading account, visit the NordFX website.

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Overall verdict
Trading
Minimum deposit
Maximum leverage
Fees
Withdrawal fee
Deposit fee
Safety
Top-tier regulators
Investor protection

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Specialized trading accounts
24/7 instant money withdrawal

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