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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.1
/ 5

NordFX review

Updated on Nov 6, 2024
|
8 mins read

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
Countries
+105
Devices
Minimum deposit
$10
Withdrawal fee
$0
Deposit fee
$0
Our Verdict
4.1
/ 5
Commissions & Fees
4
/ 5
Deposit & Withdrawal
4.9
/ 5
Customer Support
3.7
/ 5
Account Opening
4.1
/ 5
Regulation & Safety
4
/ 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
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:

M
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.
L
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
50
Cryptocurrencies
11
Stocks
70
Commodities
7
Indices
20

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.

NordFX compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
NordFX
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4.1
    / 5
  • 4.9
    / 5
  • $10
  • 1:1000
  • 4
    / 5
  • $0
  • $0
  • 4
    / 5
  • FSRA
  • Yes
  • See review
Exness
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
  • 4.9
    / 5
  • 4.9
    / 5
  • $10
  • 1:2000
  • 4.8
    / 5
  • $0
  • $0
  • 4.6
    / 5
  • FCA, CYSEC
  • No
  • See review
FxGlory
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • 4.5
    / 5
  • 4.5
    / 5
  • $1
  • 1:3000
  • 4.5
    / 5
  • $0
  • $0
  • 4.5
    / 5
  • No
  • No
  • See review
FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
  • 4.8
    / 5
  • 4.9
    / 5
  • $100
  • 1:10000
  • 4.7
    / 5
  • $0
  • $0
  • 4.8
    / 5
  • FCA
  • Yes
  • See review
  • 4
    / 5
  • 3.6
    / 5
  • 20$
  • 1:400
  • 4.7
    / 5
  • No
  • No
  • 4.5
    / 5
  • FCA
  • No
  • See review
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