NordFX Review

NordFX is a forex trading company that was formed in 2008 and headquartered in Vanuatu. The decade in the business has been used to its fullest advantage gaining this firm a lot of loyal clients from all over the globe.

Trading Accounts

NordFX has a host of trading accounts each with its own distinct specifications that have been designed for all customer tastes. These trading accounts will either teach you how to trade by giving you the basics on trading or let you execute trades. Among these trading accounts are the demo account, the fix account, the pro account, the zero account, and the crypto account.

The Demo Account

Just as its name implies, this account has been designed to give demonstrations on how trading is executed among other concepts. This account is mainly for new clients with no idea on how to trade and are not willing to place their funds on the other accounts for trading purposes.

The account uses virtual funds in teaching the client on execution.

The Fix Account

The fix account is an account for traders that exposes them to a wide range of trading instruments such as currency pairs, gold, and cryptocurrencies.

The features of this account are as follows.

1. Deals in a wide range of trading instruments from currency pairs, crypto pairs, gold and crypto indices.
2. Account balance reflects in either United States dollars, bitcoins or ethereum.
3. Instant and quick execution.
4. Allows for automated trading.

The Pro Account

The pro account is an account type suitable for both beginners and also experienced traders that offer very lucrative trading conditions. Among its features include:

1. Minimum deposit of $50.
2. Allows for automated trading.
3. Shows account balance in United States dollars, ethereum, and bitcoin.
4. Minimum lot size of 0.01.
5. No commission fees charged at all.

The NordFX Zero Account

The zero account is another account that offers a lucrative trading environment and is suitable for both beginners and professionals in the forex trading industry. Its features include the following:

1. Minimum deposit of $100.
2. Account balance reflects in United States dollars, bitcoins, and the ethereum.
3. Market execution type. Allows for automated trading.
4. Floating spreads from 0.0 pips.
5. Offers credit leverage of up to 1:1000*.
6. Commission of 0.0045% each side on each trade executed.

The Company. Security Of Funds.

NordFX is a legitimate trading company located in Vanuatu and has been in operation in the forex industry for the past decade. Over this decade, it has managed to spread its wings to other territories gaining customers and also spreading its trading fortunes too. This experience in trading puts NordFX in a coveted position of being able to know and understand customer needs and how to fulfill them.

Its resiliency in this business has managed to acquire the firm over 1.2 million account holder from over 100 countries worldwide with evident signs of this being the tip of the iceberg to its coming achievements. Also due to this, it has been able to amass itself over 30 prestigious awards based on its performance and also customer relations.

Its workforce is also superb as is evident in NordFX customer comments and reviews which pain a serene image of a dedicated and professional human resource. The efficiency in answering and solving various arising customer issues is very amazing. This is in addition to upholding the company's integrity and safeguarding clients' personal information. His promotes a good working relationship between the firm and its many clients.

The credibility of this firm is supported by its regulation and consequent licensing in the various countries that it runs its operations. Among the regulatory bodies that have given NordFX a clean bill of operation include:

1. NordFX in Cyprus is regulated by the Cyprus Securities and Exchange Commission (CySEC) and given a pass to carry out its operations.
2. A license by the markets in financial instruments directive (MiFID) which regulates the playing field making it level for all investors within Europe.

In keeping up with the set regulations from the regulatory bodies, NordFX has to keep clients' funds entrusted to them secure. For this reason, NordFX has formulated measures that strive to keep these funds safe. Among the measures put in place include:

1. Having segregated accounts one for their clients and the other for their operational costs. This prevents mix us that could result to use of clients’ funds.
2. Having a strong base capital that will not lead them to use clients’ funds at all.
3. Signing up for compensatory schemes that will come through to help in case of liquidation of its resources.

Trading Conditions

Minimum Initial Deposit

The minimum initial deposit varies from account to account. The amount ranges from $10 to $100. This serves as your base capital for execution of trades.

Commissions

Commissions are not charged for most account types except for the zero account that charges it at 0.0045 per trade lot.

Trading Platforms

NordFX uses among the best trading platforms with awesome features that enhance a client's trading experience. The two platforms used are the MetaTrader 4 and MetaTrader 5 platforms. Below are their respective features.

Metatrader 4 Platform

1. Offers both instant and market execution on trades.
2. Has awesome charting and analysis tools.
3. Provides high-grade security of a client’s trading transactions.
4. Utilizes many types of orders allowing for many trading strategies.
5. Suitable for trading operations on the forex and precious metals market.
6. Provides a lot of useful graphical and statistical data for efficient analysis.
7. A client can receive real-time trading news from leading news agencies.
8. Suitable for exchange trading cryptocurrencies.
9. You can see the depth of the market in trade volumes at a certain timeframe.

Metatrader 5 Platform

Promotions

These are the promotions currently on offer at the NordFX trading platform.

1. 55% bonus on deposit where you are guaranteed a bonus when you deposit from $100-$8000.
2. Refer a friend bonus that guarantees you 10% of the referred friend’s deposit.

Deposits And Withdrawals

Deposits and withdrawal are easy to carry out from this account and accepts various channels of transactions. Among these channels are through bank transfers, bank cards such as the visa and MasterCard and various online payment methods such as Neteller and Skrill.

Charges are set by your respective channel and processing time for the funds s short but for the case of ban transfer, it may take a maximum of 3-5 business days to complete.

BRIEFLY ABOUT NordFX

This is a very efficient dealer that is bound to grow in leaps and bounds due to its professionalism and also good customer services in tendering the best products for its clients. This is a trader I would strongly recommend one to check out if interested in forex trading.