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NordFX Review
NordFX general information
Founded in: | 2008 year |
Headquarters: | Vanuatu |
Offices in the country: | India, Thailand |
Minimum Deposit: | 0 $ |
Website: | www.nordfx.com |
Website languages: |
English, Arab, Bengal, Vietnamese, Indonesian, Spanish, Chinese, Malay, Persian, Portuguese, Russian, Thai, Hindi |
Execution model: | NDD, ECN, STP |
Deposit currency: | USD |
Support languages: |
English, Arab, Bengal, Vietnamese, Spanish, Chinese, Malay, Persian, Portuguese, Russian, Thai, Hindi |
Regulated by: |
SEBI (India) VFSC (Vanuatu) |
Mobile trading: |
iOS, Android, Windows Phone, BlackBerry OS |
Types of offered accounts: |
Unlimited Demo Accounts, Standard Accounts, ECN accounts, STP accounts, Swap free accounts, VIP accounts, Micro accounts |
Trust management: | PAMM |
Autotrading: | MQL.5 Signals |
Affiliate program: | Yes |
NordFX Forex broker description
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.
- Deals in a wide range of trading instruments from currency pairs, crypto pairs, gold and crypto indices.
- Account balance reflects in either United States dollars, bitcoins or ethereum.
- Instant and quick execution.
- 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:
- Minimum deposit of $50.
- Allows for automated trading.
- Shows account balance in United States dollars, ethereum, and bitcoin.
- Minimum lot size of 0.01.
- 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:
- Minimum deposit of $100.
- Account balance reflects in United States dollars, bitcoins, and the ethereum.
- Market execution type. Allows for automated trading.
- Floating spreads from 0.0 pips.
- Offers credit leverage of up to 1:1000*.
- 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:
- NordFX in Cyprus is regulated by the Cyprus Securities and Exchange Commission (CySEC) and given a pass to carry out its operations.
- 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:
- 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.
- Having a strong base capital that will not lead them to use clients’ funds at all.
- 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
- Offers both instant and market execution on trades.
- Has awesome charting and analysis tools.
- Provides high-grade security of a client’s trading transactions.
- Utilizes many types of orders allowing for many trading strategies.
- Suitable for trading operations on the forex and precious metals market.
- Provides a lot of useful graphical and statistical data for efficient analysis.
- A client can receive real-time trading news from leading news agencies.
- Suitable for exchange trading cryptocurrencies.
- 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.
- 55% bonus on deposit where you are guaranteed a bonus when you deposit from $100-$8000.
- 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.
Trading accounts of NordFX
- Fix
- Pro
- Zero
- Stocks
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 10 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| Forex1:1000 Metals1:1000
Cryptocurrencies |
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 50 with a step of 0.01 лотов |
Max. number of orders:
| 100 |
Execution type:
| Instant Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Fixed |
Decimal places:
| 4 characters |
Margin Call:
| 40 % |
Commission:
| Not |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 250 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| Forex1:1000 Metals1:1000
Cryptocurrencies |
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 50 with a step of 0.01 лотов |
Max. number of orders:
| 100 |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 40 % |
Commission:
| Not |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 500 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| Forex1:1000 Metals1:1000
Cryptocurrencies |
Stop Out:
| 40 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 50 with a step of 0.01 лотов |
Max. number of orders:
| 100 |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 60 % |
Commission:
| FX Commission: $ 4.5 per $ 100,000 each way; Crypto Commission: up to 0.1% per lot in each direction |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 0 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| CFD's1:5 Amount of assets : 68 |
Stop Out:
| 40 % |
Minimum position size:
| 1 лотов |
Maximum position size:
| 1000 лотов |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 80 % |
Phone trading:
| Not |
Monitoring of NordFX's Fix account
NordFX spreads All spreads NordFX
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Live spread | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average spread for the past 30 days Average spreadInterval: | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NordFX quotes All quotes NordFX
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Ask | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Offers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NordFX swaps All swaps NordFX
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Long | -10 | -7 | 4.2 | -3.5 | 3.5 | -3.9 | -3 | -11.9 |
Short | 4 | 0.8 | -9.5 | -3 | -9 | 0.5 | -0.9 | 1 |
Contacts of NordFX
Recent customer reviews of NordFX
Advantages: Allows copy trading, unlike many other traders Low spreads
Disadvantages: Lack of trading instruments
Comment: 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.
Advantages: Large selection of assets Execution of orders - 0.5 seconds Additional profit from investments in broker's investment funds Automatic trading support High-quality market analytics
Disadvantages: The technical support service works only 5 days a week
Comment: Working with NordFX is a very uncharacteristic decision for me. I can't classify myself as a needy segment of the population, it was just interesting to test my analytical and mental abilities. I am satisfied with the results. My acquaintance with trading and the broker began with the professional team of the broker and his educational materials. The information of the courses on the broker's website is very gone". At the same time, I opened the first deals. Now I am engaged in trading not to the detriment of work. Literally 2-3 hours a day, I have enough."
Advantages: I WAS ABLE TO RECOVERY MY FUNDS
Disadvantages: NIL
Comment: Hello everyone it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on (reddit) as regards to a recovery expert and genius so I reached out to SCAM RECOVERY SITE, and to my surprise I got all bitcoins recovered within 24hours frame. I don’t know if I’m allowed to share the links on here but you can contact them if you are finding it very difficult to withdraw your funds at, Scamrecoverysite at fastservice dot com All thanks to them.
NordFX analisis & forecasts
All analysis NordFXEUR/USD: Next week: Five Days of Storms and Tsunamis It seems that the whole world celebrated the Chinese New Year last week. There was some volatility in all major currency pairs of course, but we got an almost perfect sid ...
Read moreEUR/USD: The Calm Before the Storm The DXY Dollar Index (the ratio of the USD to a basket of six other major foreign currencies) has been moving in a fairly narrow sideways channel since January 12. A small surge in volatil ...
Read moreEUR/USD: Low Inflation Has Dropped the Dollar The main event of the past week, which dealt another blow to the dollar, was the publication on Thursday, January 12, of data on consumer inflation in the US. The actual figures ...
Read moreNordFX bonuses, contests and promotions
All bonuses, promotions, contests NordFX
Tell a friend about NordFX and entice him/her to open an account. In return, the company will reward you 10% of your friend’s deposit amount. R ...
participate
Another bonus program from NordFX is currently running and this will be your chance to increase your trading profits! All you have to do is to deposi ...
participate
To increase your trading capacity, Forex online broker NordFX has introduced a bonus program that allows new and existing clients to receive 55% bonus ...
participate