NordFX Guide – Read our In-Depth NordFX Review
NordFX Rating: 6 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This NordFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this NordFX review does not apply to users in US, CA, NK, SY, SU, CU, EU
If you are a new entrant in the world of trading and broker, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will get adept at all the concepts of broker as you keep trading. For starters, you need to select the right agent who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program will create hefty returns. NordFX is one such stage that will take you along with your investment into great heights. It is important to know about NordFX until you trust them with your cash.
NordFX Review – Brief Overview
NordFX Telephone Number:
+91 120 433 3948
NordFX Email Address:
Pot 805/103 Rue D'Auvergne, Port Vila, Vanuatu
Number Of Clients:
10,000+ NordFX users and traders
NordFX Facebook Likes:
NordFX Twitter Followers:
NordFX Instagram Followers:
Trading in financial markets including but not limiting to foreign exchange on margin, cryptocurrencies, CFD trading on stocks etc, carries a high level of risk, and may not be suitable for all investors.
|NordFX Telephone Number:||+91 120 433 3948|
|NordFX Email Address:||email@example.com|
|NordFX Address:||Pot 805/103 Rue D'Auvergne, Port Vila, Vanuatu|
|Regulated By:||VFSC (15008)|
|Number Of Clients:||10,000+ NordFX users and traders|
|NordFX Facebook Likes:||105,270|
|NordFX Twitter Followers:||942|
|NordFX Instagram Followers:||1,417|
Trading in financial markets including but not limiting to foreign exchange on margin, cryptocurrencies, CFD trading on stocks etc, carries a high level of risk, and may not be suitable for all investors.
Our full NordFX Review covers all you need to know about trading with NordFX. A good agent can multiply your initial investments and give you favourable profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to ensure profits; therefore, you should carefully assess your agent before you choose them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
NordFX is a broker which has forged its way successfully to the broker world. Within this review, we have attempted to collate some of the important aspects of NordFX. This review will help you to know whether NordFX is a good match for your own investments or not. We have attempted to breakdown all the features and charges for your convenience.
NordFX Review, Table Of Contents
- Who are NordFX?
- Benefits Of Trading With NordFX
- Everything you should know about trading with NordFX
- Is NordFX Safe To Trade With?
- NordFX Risk Disclaimer
- Pro's & Con's Of Trading With NordFX
- Compare Brokers Similar To NordFX
- Regulation And Licencing In More Detail
- NordFX Awards
- Minimum Deposit Required For A Live Account With NordFX
- NordFX Commission And Fees Explained
- Compare broker fees against NordFX
- NordFX Withdrawal Fees Explained
- NordFX Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With NordFX?
- NordFX Customer Support
- Alternatives To NordFX
- Frequently Asked Questions About NordFX
Who are NordFX?
NordFX is a forex broker headquartered in Mauritius and provides a range of instruments for online trading. Since its establishment in 2008, NordFX has emerged as a top-tier player in the field of online broker. NordFX has a highly competitive and full-featured trading website that's focused on currency, indices, metals, shares, commodities.
Over the past 13 years, NordFX has grown into one of the leading online brokers.
After establishing in 2008, their client base is becoming as big as 10,000+ clients.
NordFX is a favourite for many dealers because of its negative balance protection. Our NordFX review discovered that they are an superb choice for automated trading solutions. They're best suited for investors who are looking for an assortment of assets. Social and automated trading solutions are the core at NordFX.
Technology plays a significant role at NordFX. NordFX features trading on MT4, MT5, Tablet & Mobile apps. NordFX is honest, transparent, and a well-regulated agent by the VFSC (15008). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The educational section at NordFX is very insightful for new dealers as it allows them to get a closer look in the financial markets. NordFX caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.
If you feel that NordFX is not right for you then at the bottom of this NordFX review you wil find a lot of alternatives to NordFX.
Everything you ought to know about trading using NordFX
NordFX is a lively platform that offers various methods of trading. These instruments cover the financial markets considerably. Most of the broker platforms provide less approaches than NordFX
If you want to trade with NordFX, you'll need a minimum deposit of $10. This deposit is mandatory if you wish to begin trading using NordFX. This 2021 NordFX review will direct you clearly about trading with them.
NordFX is as versatile as another broker platform. NordFX is great for traders that want a manageable range of cheap services. The platforms offered by NordFX are third party, white-label offerings. All traders may select out of MT4, MT5, Tablet & Mobile apps.
Together with everything, NordFX has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade must be kept available. The agents offer premium client service that rewards customers with advantages.
Many unethical brokers try to pressurise consumers into bigger financing for superior services. NordFX, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will become available.
NordFX accounts are available all over the world and provides outstanding service everywhere they have clients. There are some select few countries where NordFX accounts are not available. Traders in the following countries cannot open or use a NordFX account:
US, CA, NK, SY, SU, CU, EU
Is NordFX Safe To Trade With?
Established in 2008, NordFX has been open for 13 years, they have a head office in Mauritius.
NordFX is regulated by VFSC (15008). These figures have rules that make sure that trading platforms have steps in place to keep investor's assets procured. This means that NordFX users don't need to be worried about their money as it is segregated and safely kept in established banks. SSL encryption simplifies each user's private information also.
You are able to make use of an option for Two Factor Authentications (2FA) with NordFX for heightened security. An SMS with the verification code will be sent to a phone. You'll be asked to input this code to log in to your accounts.
Another concern with fiscal brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is much more prevalent in the case of Market Maker agents who compete with customers on the stage.
NordFX Risk Disclaimer
High Risk Investment
Trading in financial markets including but not limiting to foreign exchange on margin, cryptocurrencies, CFD trading on stocks etc, carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade in financial markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading in financial markets and seek advice from an independent financial advisor if you have any doubts.
Pro's & Con's Of Trading With NordFX
Every online trading platform has some ups and downs, and no NordFX review would be complete without showing both sides. This NordFX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- NordFX is trusted by 10,000+ clients
- NordFX offers Negative Balance Protection
- NordFX has low minimum deposit requirements
- NordFX doesn't charge withdrawal fees
- NordFX doesn't charge deposit fees
- NordFX doesn't charge CFD fees
- NordFX offers copy trading
- NordFX offers trailing stop
- NordFX offer trading on MT4, MT5, Tablet & Mobile apps
- NordFX offer 116 trading instruments
- NordFX trades major forex pairs
- NordFX trades minor forex pairs
- NordFX trades exotic forex pairs
- NordFX offers trading on cryptocurrencies
- NordFX can communicate in English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay
- NordFX does not offer Guaranteed Stop Loss
- NordFX charge inactivity fees
- NordFX doesn't offer social trading
NordFX Review - Compare Brokers Similar To NordFX
|NordFX||CMC Markets||XGLOBAL Markets||Plus500|
|Rating||6 / 10||5.88 / 10||4.19 / 10||7.36 / 10|
|Regulated By||VFSC (15008)||Financial Conduct Authority (FCA)||Cyprus Securities and Exchange Commission (CySEC)||Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546|
|Find Out More|
|Risk Warning||Trading in financial markets including but not limiting to foreign exchange on margin, cryptocurrencies, CFD trading on stocks etc, carries a high level of risk, and may not be suitable for all investors.||Losses can exceed deposits||Your capital is at risk||76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.|
NordFX Review - Regulation And Licencing In More Detail
NordFX is regulated by VFSC (15008).
NordFX, as a business, has a powerful collection of rules for ensuring fair trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
NordFX Review - AwardsAt the time of writing this NordFX review, and despite NordFX’s impressive offering, the company has surprisingly not garnered any other awards to date.
NordFX Trading Platforms
NordFX are a reputable brokerage that has been operating for over 13 years. They offer a large range of options in their customer accounts.
In the following table we take the main parts of any good brokerage and compare NordFX with CMC Markets, XGLOBAL Markets, and Plus500
NordFX Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on NordFX is $10. This is a decent amount for people just beginning. It's possible to create more advanced deposits as you go along. However, make certain that you know how to make the most of your money before investing larger sums.
NordFX Review - Commission And Fees Explained
NordFX is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 types of penalties for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your account. They're billed for things like depositing money, not investing for lengthy periods, or withdrawals.
Generally, NordFX does not charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who often exchange, for example weekly or daily trading.
However, non-trading fees billed by NordFX are comparatively lower. Consequently, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of assets.
This NordFX review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against NordFX
NordFX Review - Withdrawal Fees ExplainedNordFX doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your NordFX account. You can withdraw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't always need to have any money in your accounts.
In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money is going to be sent into the card. NordFX will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're opting to withdraw in.
NordFX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind while open an account with NordFX. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee also differs from 1 agent to another and isn't generalized. If a dealers account does not have a buying or selling transaction, it is maintained by the broker as an inactivity charge. The traders have to pay this commission under terms and conditions they had agreed while registering.
NordFX charges an inactivity fee if you don't make any trades for a while.
Even if no fees are implied by NordFX, it is better for you to close the account if you are inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you have selected. The inactivity fee is subjected to many circumstances and should be revealed clearly by the broker beforehand.
NordFX Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this particular operation.
NordFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the NordFX trading platform is easy. You just need to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity evidence and evidence of residency to deposit substantial sums.
NordFX Review - Compare Broker Deposit Methods
What Can You Trade With NordFX?
Note: NordFX offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will differ depending on the country of residence of the client.
NordFX has a wide variety of over 116 instruments available for you to trade with.
If trading currency pairs is of interest to you then NordFX offer over 33 currency pairs.
Compare NordFX, CMC Markets, XGLOBAL Markets & Plus500 below.
Reviewing The NordFX Mobile App
Note: NordFX's mobile app has many functions and is being constantly improved. What follows was correct at the time of compiling this NordFX review.
Understand the capabilities of the mobile apps of NordFX, CMC Markets, XGLOBAL Markets & Plus500 below.
NordFX Customer Support
In our NordFX review we understood the customer service options including response times, and the NordFX trading platform problem resolution effectiveness. NordFX support many languages including English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay.
NordFX Live Chat Support
We tested the experience with the NordFX, and it was very effective. We sent messages to NordFX livechat through their app and website and got a reply in less than 20 seconds. On Occasion there was no response.
We tried communicating through NordFX support in multiple languages across multiple countries. NordFX were capable of resolving our client's issues.
NordFX Phone Support
We called NordFX and the call was responded to very quickly. We were able to have the call answered within less than five to ten minutes.
The NordFX phone support team were able to successfully address our questions and issues on the phone. We tried the multilingual NordFX team by calling them in various languages. NordFX made an effort to ensure that our questions were addressed.
Overall the phone support from NordFX was good.
NordFX Email Support
We sent several messages to NordFX and responses were generally very good. The fastest email response time from NordFX was 2 hours while the most slow response was 8 days! Sometimes there were no responses. Support response times can vary for you with NordFX, however we have had this experience sending out 10 emails at different times.
The team solved and responded to our queries. Overall average email support from NordFX was excellent.
Alternatives To NordFX
If, after studying this NordFX review, they don't fulfill your requirements check out these NordFX alternatives.
We have scoured the internet to find the best alternatives to NordFX. Click on the hyperlinks below to find out more.
Frequently Asked Questions about NordFX
Can I try NordFX before I buy?
Yes, you can most definitely try NordFX before you buy. NordFX offers demo accounts for the convenience of new traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demonstration account on NordFX, you will set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you before you decide to invest your own money.
With this digital NordFXdemo account, you are able to experiment at all, to whatever period you wish. You can also open positions, examine different trading strategies, and much more.
NordFX specifies on its official website that you are able to trade real time stocks with your demo account.
Is NordFX safe?
It is possible to drop all of your worries since we believe that NordFX is perfectly safe to use. It is in compliance with all the principles of VFSC (15008).
Nevertheless, NordFX doesn't provide assured stop-loss protection.
Why does NordFX ask for my passport?
The reason that NordFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, NordFX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, NordFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with NordFX?
The process to start trading withNordFX is perhaps simple enough to be a cakewalk. You need to begin by signing up on the NordFX website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with NordFX is $10. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with NordFX.
The best way to kickstart your trading career with NordFX is to open a demo account facility before risking any real money
What funding methods do NordFX accept?
There are a number of ways to fund your account with NordFX. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to bear in mind that PayPal is not available in every place. The currencies NordFX
Is my money safe with NordFX?
Yes, your cash is safe and secure with NordFX. As you know, NordFX works with good conformation to. It's established lots of steps to guard all its own investors.
NordFX protects its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further safeguard your accounts, it is possible to empower Two-Step Verification also. It requires an SMS affirmation that you get your accounts.
Is NordFX trading good?
Yes, trading through NordFX is a nice and decent experience indeed. It is a great and intuitive platform with useful features for your ease. In addition, you can even obtain access to a huge collection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does NordFX support?
NordFX operates around the globe. However, due to regulations there are some countries that NordFX cannot accept clients from US, CA, NK, SY, SU, CU, EU
Is NordFX legit?
NordFX is a legit company headquarted in Mauritius since 2008. They are regulated by VFSC (15008). NordFX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is NordFX a good broker?
NordFX is an excellent agent, and its own users can vouch for it. The highlight of this platform is its fast order execution on transactions.
You will discover the clean design of the platform and the admirable features a pleasure to work with.
Is NordFX a trustworthy broker?
Yes, NordFX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for NordFX?
The minimum deposit to open a live account with NordFX is $10
How long do NordFX withdrawals take?
Normally, withdrawal of money from NordFX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from NordFX to show in your bank account.
Are NordFX regulated?
NordFX are regulated by VFSC (15008)
Is NordFX a market leading broker?
NordFX is indisputably one of the industry leaders. It has over 10,000+ registered users and over 13 years of experience on its record. They are one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and broad selection of tools plus resources so that you can put money into capital markets.
Is NordFX a con?
No, NordFX is not a con. They are regulated by VFSC (15008) and must adhere to their rules. Thus, it is safe to say that NordFX is not a scam.
Can you make money with NordFX?
Using NordFX, many traders earn a lot of money. However, typically, through continual trading, you can create between 2% - 10% profit a month.
This may seem like a little number, but within the entire year, this adds to a substantial number of gains. While NordFX provide you all the tools to make money, they cannot guarantee that you will profit.
Does NordFX have fees?
Yes. To start trading using NordFX, you need to deposit $10. Particular commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was NordFX founded?
NordFX was founded in 2008 in Mauritius. NordFX is regulated by VFSC (15008).
How many people use NordFX?
NordFX is a globally recognised agent with 10,000+ clients.
Where is the NordFX head office?
NordFX has its head office in Mauritius
Does NordFX offer negative balance protection?
Yes, NordFX has Negative Balance Protection. It is especially offered while the industry volatility prevents customers from letting their account go in the red. In such a scenario, NordFX offers the ability to reset a customers account balance to zero.
You should go through the important terms and conditions on NordFX's website to understand their policies better.
Does NordFX offer guaranteed stop loss?NordFX regrettably, does not offer guaranteed stop loss. NordFX gives an opportunity to its dealers to close their trades at their given price. Apart from that, NordFX doesn't offer guaranteed stop loss.
Does NordFX allow scalping?Yes, NordFX do permit scalping. Several traders throughout the world choose NordFX for their scalping services. They offer trading on MT4, MT5, Tablet & Mobile apps which let this.
Does NordFX allow hedging?
Yes, NordFX does allow hedging.
Can you trade energies with NordFX?
No, unfortunately you cannot trade energy stock with NordFX
Can you trade agricultural shares with NordFX?
No, unfortunately you cannot trade agricultural stock with NordFX
Can you trade cryptocurrency with NordFX?
Yes, you can trade cryptocurrency with NordFX
Can you trade metals with NordFX?
Yes, you can trade metals with NordFX
Can you trade UK Shares with NordFX?
Yes, you can trade UK shares with NordFX
Can you trade US Shares with NordFX?
Yes, you can trade US shares with NordFX
Can you trade Japanese Shares with NordFX?
Yes, you can trade Japanese shares with NordFX
Can you trade German Shares with NordFX?
Yes, you can trade German shares with NordFX
Does NordFX accept bank transfers?
Yes, NordFX accepts bank transfers for depositing money.
Does NordFX accept credit cards?
Yes, NordFX accepts credit cards for depositing money.
Does NordFX accept PayPal?
No, NordFX does not accept PayPal.
Does NordFX accept Skrill?
Yes, NordFX accepts Skrill for depositing money.
Does NordFX accept Payoneer?
Yes, NordFX accepts Payoneer for depositing money.
Does NordFX accept Neteller?
Yes, NordFX accepts Neteller for depositing money.
Does NordFX offer Live Chat customer support?
Yes, NordFX offers customer support through live chat.
Does NordFX offer phone customer support?
Yes, NordFX offers customer support over the telephone.
Does NordFX offer email customer support?
Yes, NordFX offers customer support through email.
What languages can NordFX communicate in?
NordFX has the ability to communicate and support customers who speak: English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay
Does NordFX have a wikipedia page?
No, NordFX does not have an official wikipedia page.
Does NordFX offer demo accounts?
Yes, NordFX offers virtual portfolio accounts so you can learn their systems before risking any real capital. Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before risking a live account.