NordFX Guide – Read our In-Depth NordFX Review
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 US users.
If you are a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll get proficient at all of the concepts of broker since you continue trading. For starters, you need to choose the right broker who will be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will generate hefty returns. NordFX is one such platform that will take you along with your investment to great heights. It is important that you know all about NordFX before you trust them with your cash.
Our full NordFX Review covers everything you need to learn about trading using NordFX. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investment goals.
There is no sure-fire way to ensure profits; thus, you should carefully assess your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
NordFX is a broker which has forged its way successfully into the broker world. In this review, we have attempted to collate a number of the important aspects of NordFX. This review will help you to know whether NordFX is a fantastic match for your own investments or not. We have attempted to breakdown all the qualities and charges for your advantage.
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?
- 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?
- Alternatives To NordFX
- Frequently Asked Questions About NordFX
Who are NordFX?
NordFX is a forex broker headquartered in Mauritius and provides a range of tools for trading. Since its inception in 2008, NordFX has emerged as a leading player in the field of online brokerage. NordFX has an extremely competitive and full-featured trading website that's focused on currency, indices, metals, stocks and commodities.
Over the past 13 years, NordFX has grown into one of the leading online brokers.
After establishing in 2008, their customer base is becoming as big as 10,000+ clients.
NordFX is a favorite for many traders.. Our NordFX review discovered that they are an superb choice for automated trading solutions. It is most appropriate for investors who are looking for an assortment of assets. Social and automated trading solutions are the heart at NordFX.
Technology plays a substantial role at NordFX. NordFX features trading on MT4, MT5, Tablet & Mobile apps. NordFX is honest, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC), License No: 209/13. Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource section at NordFX is very insightful for new traders as it permits them to have a closer look at the financial markets. NordFX caters to all sorts of traders and are a must-have broker for any well-diversified approach to 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.
What you ought to know about trading using NordFX
NordFX is a lively platform that offers various procedures of online trading. These tools cover the monetary markets considerably. Most of the brokerage platforms provide fewer methods than NordFX
If you want to exchange with NordFX, you'll require a minimum deposit of $1. This deposit is mandatory if you would like to begin trading using NordFX. This 2021 NordFX review will guide you easily about trading with them.
NordFX is as flexible as any other brokerage platform. NordFX is great for traders that want a manageable array of low-cost services. The platforms supplied by NordFX are third party, white-label offerings. All traders can pick from 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 transaction has to be kept open. The agents offer premium customer service which rewards clients with advantages.
Many unprofessional brokers attempt to pressurise users into bigger funding for premium services. NordFX, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will come along.
NordFX accounts are available all over the world and provides quality service wherever they have clients. There are a few countries where NordFX accounts are not available. Traders in the following countries cannot open or use a NordFX account:
Is NordFX Safe To Trade With?
Established in 2008, NordFX has been in operation for 13 years, they have a head office in Mauritius.
NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13. These bodies have rules that mandate that trading platforms have ploicies in place to maintain investor's resources secured. This means that NordFX users do not need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You can make use of an option for Two Factor Authentications (2FA) with NordFX for heightened safety. An SMS with the confirmation code will be sent to your phone. You will be required to enter this code to log in to your account.
Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is more widespread in the example of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With NordFX
Every online trading platform has some pros and cons 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 doesn't charge withdrawal fees
- NordFX doesn't charge inactivity fees
- NordFX doesn't charge deposit fees
- NordFX offer trading on MT4, MT5, Tablet & Mobile apps
- NordFX offer trading instruments
- NordFX trades major forex pairs
- NordFX can communicate in Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian
- NordFX does not offer Negative Balance Protection
- NordFX does not offer Guaranteed Stop Loss
- NordFX doesn't trade minor forex pairs
- NordFX doesn't trade exotic forex pairs
- NordFX doesn't offer trading on cryptocurrencies
- NordFX charge CFD fees
NordFX Review - Compare Brokers Similar To NordFX
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), License No: 209/13||Unregulated||Unregulated||Unregulated|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk|
NordFX Review - Regulation And Licencing In More Detail
NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.
NordFX, as a business, has a strong set of rules for ensuring fair trading onto its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
NordFX Review - Awards
- At the time of writing this NordFX review, they had not received any awards.
NordFX Review - Minimum Deposit Required
The minimum deposit that you need to get started on NordFX is $1. This is an adequate amount for people just starting out. It's possible to make more advanced residue as you go along. However, make certain you understand how to make the most of your money before investing larger sums.
NordFX Review - Commission And Fees Explained
NordFX is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the amount of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In these cases, you are spending a spread, financing rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those that are billed when you hold a leveraged position for longer than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.
In general, NordFX does not charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often trade, such as daily or weekly trading.
However, non-trading fees billed by NordFX are relatively greater. As a result, you are charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of resources.
This NordFX review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against NordFX
NordFX Review - Withdrawal Fees ExplainedNordFX doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from the NordFX account. It's possible to draw up sums to the sum of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't always have to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash will be sent into the card. NordFX will ask you to offer 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 various currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you are choosing to withdraw in.
NordFX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind when open an account with NordFX. An inactivity fee is an amount charged to registered traders that haven't engaged in buying or selling for a while. The period regarded as inactive is decided by the agent.
The inactivity fee also differs from one agent to another and is not standardized. If a traders account does not have a purchasing or selling transaction, it's maintained by the broker as an inactivity fee. The traders have to pay this commission under terms and conditions that they had consented while enrolling.
NordFX doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are implied by NordFX, it is best for you to close the account if you are inactive. Inactivity fees are not just charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you have selected. The inactivity fee is exposed to many circumstances and needs to be disclosed clearly by the agent beforehand.
NordFX Review - Deposit Fees Explained
When you transfer money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this operation.
NordFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the NordFX trading platform is easy. You just have to complete a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity proof and proof of residency to deposit large amounts.
NordFX Review - Compare Broker Deposit Methods
What Can You trade With NordFX?
Note: NordFX offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can differ depending on the country of residence of the client.
NordFX has a wide variety of over instruments available for you to trade with.
If trading forex pairs is of interest to you then NordFX offer over currency pairs.
Compare NordFX, Personal Capital, Bithumb & AccentForex below.
Alternatives To NordFX
If, after studying this NordFX review, NordFX does not quite fulfill your requirements check out these NordFX alternatives.
We've scoured the web to find the best alternatives to NordFX. Click on the links below to learn 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 may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demonstration account on NordFX, you will set out with a decent amount of virtual currency. It's to establish a sense of safety and confidence in you before you choose to spend your own money.
With this virtual NordFXdemo account, you can experiment in any way, to whatever period you wish. You might also start positions, test different trading strategies, and more.
NordFX specifies on its official site which you can exchange real time stocks with your demo account.
Is NordFX safe?
You can drop all of your worries because we believe that NordFX is totally safe to use. It's in compliance with the principles of Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.
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 acocunt with NordFX is $1. 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 multiple ways to finance your account with NordFX. The process is effortless and quick, with various payment methods at 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 money. You have to keep in mind that PayPal isn't available in every country. The currencies NordFX
Is my money safe with NordFX?
Yes, your money is safe and protected with NordFX. As you know, NordFX works with good conformation to. It has established plenty of steps to guard all of its own investors.
NordFX protects its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further protect your accounts, you can empower Two-Step Verification as well. It requires an SMS confirmation for you to access your accounts.
Is NordFX trading good?
Yes, trading through NordFX is a nice and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you could also gain access to a huge collection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does NordFX support?
NordFX operates across the globe. However, due to regulations there are some countries that NordFX can't accept clients resident in
Is NordFX legit?
NordFX is a legit company headquarted in Mauritius since 2008. They are regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13. 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 a great broker, and its users can vouch for this. The highlight of this platform is its quick order execution on trades.
You'll discover the clean layout of this platform along with the admirable features that 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 $1
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 Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Is NordFX a market leading broker?
NordFX is indisputably among the industry leaders. It supports over 10,000+ registered users and over 13 years of expertise on its record. They are among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad selection of tools plus resources so that you can invest in capital markets.
Is NordFX a con?
No, NordFX is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 and must adhere to their rules. Thus, it is safe to say that NordFX is not a scam.
Can you make money with NordFX?
Through NordFX, many traders earn a great deal of money. However, on average, through continual trading, you also can create between 2% - 10% profit a month.
This can look like a small number, but within the entire year, this adds to a significant amount of gains. While NordFX supply you all the tools to make money, they cannot guarantee that you will gain.
Does NordFX have fees?
Yes. To begin trading with NordFX, you need to deposit $1. Certain commissions while trading additionally applies. Any processing fees from your bank might need to be incurred by you.
When was NordFX founded?
NordFX was founded in 2008 in Mauritius. NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.
How many people use NordFX?
NordFX is a globally recognised agent with 10,000+ customers.
Where is the NordFX head office?
NordFX has its head office in Mauritius
Does NordFX offer negative balance protection?
Does NordFX offer guaranteed stop loss?NordFX regrettably, doesn't offer guaranteed stop loss. NordFX provides a chance for its dealers to close their trade in their given price. Aside from this, NordFX doesn't offer guaranteed stop loss.
Does NordFX allow scalping?Yes, NordFX do allow scalping. Several traders across the world select 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?
No, unfortunately you cannot trade cryptocurrency with NordFX
Can you trade metals with NordFX?
Yes, you can trade metals with NordFX
Can you trade UK Shares with NordFX?
No, unfortunately you cannot trade UK shares with NordFX
Can you trade US Shares with NordFX?
No, unfortunately you cannot trade US shares with NordFX
Can you trade Japanese Shares with NordFX?
No, unfortunately you cannot trade Japanese shares with NordFX
Can you trade German Shares with NordFX?
No, unfortunately you cannot trade German shares with NordFX
Does NordFX accept bank transfers?
Yes, NordFX accepts bank transfers for depositing money.
Does NordFX accept credit cards?
No, NordFX does not accept credit cards.
Does NordFX accept PayPal?
No, NordFX does not accept PayPal.
Does NordFX accept Skrill?
No, NordFX does not accept Skrill.
Does NordFX accept Payoneer?
No, NordFX does not accept Payoneer.
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: Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian
Does NordFX have a wikipedia page?
No, NordFX does not have an official wikipedia page.
Does NordFX offer demo accounts?
Yes, NordFX offers demo accounts so you can learn their systems before risking any real money.