Guide to NordFX – Read our Detailed 2022 NordFX Review
This NordFX evaluation was prepared by industry professionals with over twenty years of Forex financial experience.
What exactly is NordFX?
NordFX was created in 2008 as a global online financial trading platform and multi-asset broker.
After more than 14 years, NordFX has expanded to offer Forex trading to retail customers.
NordFX are a global broker. NordFX’s headquarters are located in Mauritius.
Finding a broker who matches your requirements when trading on the financial markets can be a time-consuming process.
In this NordFX review, we will examine how well the NordFX platform operates as an international multiple financial asset trading platform for traders in the year 2022.
Frequently, it is necessary to browse and study numerous broker websites, all of which employ distinct linguistic styles. The language can be extremely perplexing. Selecting an online broker such as NordFX might be challenging. For a novice, the initial obstacles may include what appears to be a complex mobile or online trading platform, difficult financial language, and unclear cost structures. In our evaluation of NordFX, the benefits and disadvantages are broken down. What NordFX can offer and which countries NordFX operates in. Who regulates NordFX, among other details.
Having a trustworthy and competent broker is essential for online trading success. Ensure that your broker is not fraudulent or unreliable to protect your investment. In order to establish a fruitful working relationship with your broker, you must ensure that your needs match his or hers.
This is why we have taken the effort to evaluate only the top brokerage firms, their procedures, their fee structure, and all other relevant factors. We want you to research, assess, and entrust your hard-earned money to only the most trustworthy and competent brokers. We hope you find this review of NordFX helpful.
This review of the NordFX platform is incredibly comprehensive. If you are interested in trading in any capacity with NordFX, please read and analyze the entire NordFX review.
We have endeavored to explain the intricacies of financial trading on the NordFX platform as clearly as possible so that you, the trader, are as well-informed as possible prior to using the NordFX trading tools and depositing and withdrawing cash from NordFX.
Online investments might be just as dangerous as traditional investments. As with any investment, it is essential to investigate the organization with which you are dealing. When trading financial assets such as Forex with NordFX. You should have faith in NordFX and be confident that your financial assets on the NordFX platform are in capable hands.
At the end of this NordFX review, you’ll also find information about some decent alternatives to NordFX.
With our NordFX review, we hope to assist you in determining if NordFX is suitable for you.
It is a popular misconception that online trading is simple. Online trading is complex, and traders must conduct their own research and have a firm grasp of their activities. This article will provide you with crucial information about NordFX to help you get started in the world of online trading.
With over 50+ Assets, NordFX is a Multi-Asset Trading Platform.
NordFX is a multi-asset platform with over 50 assets that may be traded. Among the various assets on NordFX is Forex.
NordFX trades several sorts of financial assets. A financial asset is any actual or intangible security or asset with connected financial value. This indicates that Forex are financial assets.
Functions of NordFX
• Virtual Portfolio, also referred to as a Demo Account
• NordFX offers comparative tools for Advanced Financial Charts
• Leading analysts at NordFX provide research-based analyses of financial markets and investments.
• The NordFX platform is accessible on a variety of devices, including iOS devices such as iPhones and iPads, Android devices, and web browsers.
• NordFX provides an intuitive trading platform with tools for both novice and seasoned investors.
• Users of NordFX can utilize the platform in over seven distinct languages
What you ought to know
NordFX only offers Forex trading. The assets and products you have access to on the NordFX trading platform depend on your location and the company you have an account with.
With NordFX, a $1 minimum deposit is required. Sign up for a demo account to become familiar with the NordFX platform.
NordFX is equipped to accommodate traders of all expertise levels, from novice to expert.
Are NordFX safe?
When selecting a broker such as NordFX, the broker’s administrative body and regulatory status are crucial. Brokers that execute transactions without regulatory oversight do so at their own discretion. Any invested capital is subject to danger.
NordFX was founded in 2008 and has been operating for 14 years. Their headquarters are located in Mauritius.
The company is regulated. This means that the Cyprus Securities and Exchange Commission (CySEC), License No. 209/13, VFSC registration number 15008 regulates NordFX and monitors its behaviour.
Due to the regulations enforced, it is improbable that regulated brokers will manipulate market pricing. The withdrawal request you submit to NordFX will be honored. If NordFX violates any regulatory guidelines, they could lose their regulated status.
Losses can exceed deposits
Are my funds secure with NordFX?
Traders’ deposits to their NordFX accounts are maintained in a separate bank account.
For enhanced protection, NordFX utilizes tier-1 banks. Tier 1 is the official indicator of a bank’s financial stability.
Why should NordFX employ Tier 1 banks?
Tier 1 banks are regarded as the safest and most secure in terms of client capital. Tier 1 is a word used to describe a bank’s financial strength. Tier 1 banks have substantial capital reserves and can often tolerate unforeseen losses.
What does it mean for NordFX to deposit your cash with a Tier 1 bank?
If you deposit money with NordFX, your cash are held at a bank that has sufficient capital to accommodate your withdrawal requests even if NordFX goes out of business.
We can therefore conclude that NordFX is reasonably safe and secure.
Please aware, however, that it is possible to lose money when trading financial instruments. Accounts can lose money due to insufficient market research, lack of skill, or failure to utilize the tools given by the brokerage platform.
When dealing in financial investments, it is typical to experience sudden losses due to Forex trading. You should only engage in trading if you are aware that your invested capital is always at risk due to market volatility. On their platform, NordFX also clearly states that losses can exceed deposits.
Now that we’ve answered some crucial questions about NordFX, we’ll continue. Let’s examine the characteristics of NordFX in greater depth.
Consider establishing two accounts while working with NordFX. One account contains actual money, while the other is a practice account. The demo account serves as your testing account.
Open a sample account Visit NordFX
Losses can exceed deposits
We may gain a commission if you register with a broker through one of our links.
How the Company of NordFX Compares to Other Brokers
NordFX review
NordFX Pluses and Minuses
Why we recommend NordFX
• Utilized by more than 10,000 NordFX traders and users
• Originating in 2008
• Subject to the oversight of the Cyprus Securities and Exchange Commission (CySEC), license number 209/13, VFSC registration number 15008
• Minimum deposit of $1
What we don’t like about NordFX
• Does not provide VPS (See alternatives)
• Not FCA Governed (See alternatives)
NordFX review
Regulation and Licensing of NordFX in greater detail
We’ve confirmed that NordFX is regulated and monitored by respectable organizations. You can view the following list of NordFX supervisory and regulatory bodies. Regulation gives you redress if you encounter problems with NordFX. In the event that a broker falls insolvent, regulatory authorities protect traders via reimbursement systems that recoup client funds.
To maintain their licenses and continue operations in these jurisdictions, the brokerage firms must adhere to a variety of rules and criteria established by the regulatory authorities of each jurisdiction. The purpose of regulation is to promote a safer trading environment and safeguard NordFX traders. Financial regulation and license approval is needed.
• Securities and Exchange Commission of Cyprus (CySEC)
• License No: 209/13
• Registration number 15008 for the VFSC
NordFX is governed, regulated, and monitored by respectable financial regulatory bodies. Regulatory organizations monitor the behavior of brokers and will take action if something goes wrong. Before engaging in online trading with a broker like NordFX, you need confirm that they are a reputable online agency.
Is NordFX a global company?
Yes, NordFX is worldwide because it is accessible in more than 188 countries.
NordFX is a global trading platform in that it works in 188 countries, including African, Asian, Oceanian, and European states. The principal nations covered by NordFX include the United Kingdom, Germany, Australia, South Africa, Thailand, and China. NordFX has more than 10,000 users in total. Commendable figures from NordFX.
NordFX Honors
In the fourteen years that NordFX has been working as a financial broker, they have earned a number of industry honors. Below is a collection of the most notable accolades and mentions for NordFX.
• Saigon Financial 2019 Winner
• 2019 Fxdailyinfo Awards
• Forex Awards Ratings Winner for Best Forex Broker in Asia in 2018
• Best Social Trading Network 2018 as Rated by the Forex Awards
• 2018 Academy Masterforex-V
• 2018 Academy Masterforex-V Best Cryptocurrency Broker
• IAFT Honors Asia’s Best Broker in 2018
• Global Brands Best Cryptocurrency Broker 2018 Award
• International Business Magazine Honors the Leading Cryptocurrency Broker
• Fxdailyinfo Honors the 2018 Best News & Analysis Provider
• Forex Awards Ratings Asia’s Best Cryptocurrency Broker 2017
• ShowFx 2017 Most Dependable Broker in the World
• Forex Expo Honors 2016’s Best 24/7 Customer Service
• IAIR Awards Best Forex Broker in India for 2016
• China Forex Expo Honors the 2014 Best Micro Forex Broker
• MENA 12th Forex Show 2013 Best Arabic Forex Platform
• Best Forex Broker Trading China 2011 at the 7th Guangzhou International Investment & Finance Expo
NordFX Fee Explanation
• Withdrawal fees are not assessed by NordFX.
• NordFX does not charge inactive accounts a fee.
• NordFX doesn’t impose deposit fees.
Brokers provide cutting-edge internet trading platforms, mobile trading applications, financial research tools, and educational materials. In order for a brokerage to maintain these services and generate income as a business. You must be aware of the numerous trading costs that brokers may charge clients, as they may effect your bottom line.
NordFX Minimum Deposit
A minimum deposit of 1 GBP/USD/EUR is required to start a trading account with NordFX.
A minimum deposit is the minimum amount required by NordFX in order to start a new online brokerage account.
To open a trading account, brokers like NordFX require a minimum deposit. This should not deter you. Brokers with higher minimum deposits typically offer premium services on their platforms that are not free on other platforms.
In general, brokers with smaller minimum deposits cater to a more broad clientele that does not require certain advanced features and research tools.
Brokers who do not require minimum deposits typically do so to attract new clients. They must generate returns in some way, therefore transaction commissions and other trading fees may be greater for accounts with a small minimum deposit.
Brokers requiring a higher minimum deposit typically provide a broader selection of trading features on their platforms. Frequently, these brokers provide more comprehensive technical analysis and research tools, as well as enhanced risk management capabilities.
As an increasing number of online trading platforms have joined the market, the minimum amount required to create a live trading account has decreased as brokers compete for new customers.
Depending on the type of trading account you choose, some brokers have a minimum deposit requirement of up to 6,500 GBP/USD. Certain brokers can go up to 10,000 GBP/USD.
Withdrawal charges levied by NordFX
The company does not levy withdrawal fees.
Each broker has its own withdrawal policies about how funds can be withdrawn from trading accounts.
This is due to the fact that each brokerage business will have different withdrawal methods, and each payment provider may have varying transfer processing fees, processing delays, and currency conversion expenses. The conversion charge depends on your base currency, the destination currency, and your payment provider.
For instance, NordFX enables withdrawals to Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, and QIWI.
The Inactivity Fees of NordFX
There is no fee for dormant accounts at NordFX.
Account inactivity fees are fees levied to clients of authorized brokerage firms.
In accordance with the terms and conditions of their accounts, brokers may impose specific trading activity requirements on their clients.
If a client’s trading account is inactive for a length of time determined by the broker, an inactivity fee may be charged.
Inactive account fees are not exclusive to online trading accounts. Numerous financial service providers may assess inactivity fees. Please review the broker’s website and confirm that you are aware of and agree with any fees and services you may be charged.
If you are no longer utilizing your trading account, contact your broker’s customer service to close it. And ensure you have documentation that there are no outstanding fees.
Depending on the type of account you have, an inactivity fee may only be assessed under specific conditions. As part of their regulatory obligations, brokers must explicitly disclose any inactivity costs.
Some brokerage firms may levy inactivity fees as compensation for retaining your account on their costly trading platforms, in an effort to recoup money lost from commission fees from your lack of trading.
NordFX Deposit Fees
NordFX does not impose deposit fees. However, bank or third-party merchant fees can apply.
When depositing funds from your payment method into your trading account, some brokers may impose a fee. This is due to the fact that the payment method you select to fund your account may include a cost.
When you deposit a specific fiat currency into your account, the cost may be fixed. For instance, depositing payments using a credit card is known to incur significant costs. This is the case if your broker accepts credit card deposits.
Commission charges levied by NordFX
Commission is charged on CFD instruments by NordFX.
A commission fee may be charged by a broker for enabling the purchase and sale of financial assets through your trading account.
The majority of a brokerage’s revenue may come from charging commission fees to registered traders on client transactions.
Commission fees might vary based on the type of transaction, the type of financial asset, and the account tier.
If the brokerage executes, cancels, or alters an order on your behalf, the broker will charge a commission.
Typically, if a market order is not executed by your broker, no commission is charged.
Be advised that if you modify or cancel your transaction, your broker may incur a commission fee.
What may be traded with NordFX?
Due to regulatory restrictions, different firms under the NordFX Brand provide different trading instruments. Trading instruments may vary based on the Client’s place of residence and the organization holding the customer account. In addition, the trading instruments provided by NordFX may differ based on the trading platform you select.
You can trade a large number of instruments with NordFX around 50 instruments infact.
If you are searching for Forex brokers to trade currency pairs on worldwide Forex markets, NordFX has over currency pairs available.
Below, we contrast NordFX with IC Markets and Roboforex.
Trading on NordFX web platforms and other software
NordFX is one of the few brokers to offer both the MT4 and MT5 MetaTrader platforms. To examine how the two platforms compare, please view our MT4 vs. MT5 comparison.
Mobile apps for Android and iOS are also available from NordFX, making it easy to monitor and execute transactions on the go.
View NordFX’s trading platforms.
Is the Trading Platform at NordFX Secure?
Using SSL encryption on both PC and mobile platforms, NordFX protects the privacy of its clients’ sensitive data. Through its web platform, NordFX also advises clients to always seek for the SSL security symbol (a locked padlock) on the browser when using NordFX.
Options on the NordFX Trading Platform
After logging into your NordFX account, you will have access to the trading platforms listed below.
• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
Not offered by NordFX is the cTrader trading platform. Here you can locate a broker that supports cTrader
Let’s examine in depth each of these trading platforms and the alternatives offered by NordFX.
NordFX MetaTrader 4 (MT4)
Since 2005, MetaTrader 4, generally known as MT4, has been one of the most widely used trading systems on the financial markets. The MetaTrader 4 program provides a feature-rich, user-friendly interface and a highly customizable trading environment, all of which are designed to meet all of your trading demands and improve your trading success. Advanced charting capabilities and order management features.
Understand that the MetaTrader 4 (MT4) trading platform was designed primarily for Forex trading, but you may trade other financial assets via CFDs and Spread Betting. Stocks, Indices, Commodities, ETFs, and Futures cannot be traded on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets when you speculate on price fluctuations using CFDs or Spread bets at NordFX.
You can begin utilizing the MetaTrader 4 platform with NordFX in a variety of ways, including via an online web platform and a downloadable application for Windows PCs and Apple Macintosh computers. MetaTrader 4 for NordFX is compatible with macOS Mojave. NordFX enables mobile trading on Android and iOS devices, such as the iPhone, for traders.
Metatrader 4 Webtrader on NordFX
MetaTrader 4 is the most popular trading platform in the world, as more and more traders go to online trading. MetaTrader 4 is a web-based application that can be accessed by a web browser. MetaTrader 4 web software offers the same user-friendly performance as the desktop version by utilizing powerful charting, a highly customizable trading environment, easily accessible online trading tools, and numerous indicators. Without a Dealing Desk, you can trade in our Raw Pricing environment from anywhere in the world.
Trade MetaTrader 4 for NordFX on iOS Devices
You can download the NordFX app from the Apple app store, in addition to the MetaTrader 4 program for trading with NordFX.
Metaquotes MetaTrader 4 is available for free download from the Apple App Store. Customers of NordFX get rapid access to these Financial Markets and the opportunity to manage their Portfolios on the move.
Trade MetaTrader 4 for NordFX on Android Devices
Android mobile devices and tablets are utilized by millions of individuals worldwide. NordFX provides its customers access to the MetaTrader 4 platform on Android-compatible devices, allowing them to monitor the financial market and trade directly from their Android-powered Smartphones and tablets. The Android NordFX MetaTrader 4 Android application enables traders to utilize several advanced trading tools, allowing them to monitor and trade Forex fast, easily, and safely while on the go.
Trade NordFX MetaTrader 4
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• Analyst Perspectives – An indispensable resource for leadership and important positions.
• Adaptive Candlesticks – Identifies chart patterns that depict significant demand and supply shifts.
• Adaptive Divergence Convergence (ADC) – Similar to MACD, but helpful for shorter time frames and offering more timely signals.
Advanced NordFX MetaTrader 4 Trading Tools
The enhanced trading tools developed by NordFX for MetaTrader 4 are intended to enhance the overall trading experience and provide traders a competitive edge. NordFX provides access to twenty exclusive tools, including feature-rich trade execution and administration applications, advanced notification alarms, communications capabilities, novel market data, and more.
Trade NordFX MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal provides a user-friendly dashboard for traders to handle and monitor multiple trading accounts. MultiTerminal enables you to handle over 100 Accounts concurrently, enabling you to place market orders, pending orders, examine live market prices, and monitor all accounts and equity in real time. All accounts must be hosted on the same MetaTrader server. MultiTerminal does not support Expert Advisors and other Automated Trading programs.
NordFX MetaTrader 4 & MetaTrader 5 AutoChartist
The NordFX Autochartist Market Scanner is the world’s first non-trading Expert Advisor Market Scanner for MetaTrader 4 and MetaTrader 5. Examine markets for potential trading opportunities while seeing all symbols and time intervals on a single graph. The days of launching multiple graphs on which you forget which currency you’re viewing are over. Autochartist provides a straightforward user interface that may be tailored to your trading preferences.
NordFX review
NordFX MetaTrader 5 (MT5)
MetaTrader 5, generally known as MT5, is a multi-asset trading platform that offers a wide range of trading capabilities and financial research tools. Additionally, MT5 permits the use of automated trading systems (trading robots) and copy trading. New features, such as additional timeframes and sophisticated charting tools, might provide you with a competitive edge in the financial markets.
MetaTrader 5 was introduced in 2010 as the successor to MetaTrader 4.
MetaTrader 4 was designed particularly for trading Forex and CFDs, whereas MetaTrader 5 supports trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs, and Indices.
Trade NordFX MetaTrader 5 WebTrader
MetaTrader 5 accounts can be accessed from any web browser. It includes a vast array of tools, such as additional timeframes and the most recent technical indicators, to provide you with all the trading resources necessary to trade on and analyze the financial markets.
MetaTrader 5 for iOS Devices with NordFX
NordFX MetaTrader 5 is compatible with the iPhone, iPad, and newer IOS devices. MetaTrader 5 requires either a mobile or Wi-Fi internet connection. It is recommended that you constantly update the iOS MetaTrader 5 app. Newer versions offer more functionality and stability. NordFX MetaTrader 5 enables traders to view market statistics for market execution mode-traded financial instruments.
NordFX MetaTrader 5 on Android Devices
MetaTrader 5 for Android is compatible with Android smartphones and tablets powered by Android 5.0 or later. In addition, to connect to the trading server of NordFX. Take the time to learn all of the MetaTrader 5 Android features. With Metatrader 5 for Android, you may trade a variety of financial assets from anywhere and at any time.
Features of the NordFX Metatrader Mobile Application
MetaQuotes, the creators of Metatrader, listened to the opinions of their millions of customers and created the world’s most popular mobile trading platform. Features of MetaTrader include:
• Financial instrument quotations
• View comprehensive pricing graphs for financial products
• Control transactions and open positions
• View your transaction record
• View market news
• MetaTrader internal messaging
• View market statistics for NordFX financial instruments and do research
• Opening and closing position
• Search for symbols in the quotations section
• Display of transactions as graphs
• Selection of time intervals for graphs and charts
• Additional graph vertical scaling
• Capability to transfer accounts via QR codes to other devices
• Information is only accessible if provided by NordFX
• Access the OTP generator with FaceID or fingerprint authentication
Advanced NordFX MetaTrader 5 Trading Tools
Advanced users of NordFX MetaTrader 5 have access to a variety of trading tools. Having knowledge of these tools can provide a competitive advantage.
• Market bids and asks depth
• Price Data
• Calculation of Margin, Futures, and Forex
• Innovative Technical Analysis
• One-click business transactions
• Spreads
• Futures
• Financial Reports
•
NordFX Trading perks
• Permits scalping
• Permits hedging
• Offers STP
• Low min deposit
Offered NordFX Trading Accounts
Below is a summary of the account types offered by NordFX. The diverse account types offered by NordFX will be able to meet your trading needs, regardless of your objectives.
• Trial account
• Micro account
• Mini account
• Normal account
• Spread-free account
• Account ECN
• Account STP
• Islamic ledger
May I sample NordFX?
NordFX provides a demo account so that you can practice prior to depositing funds. Open a demo account and get trading experience.
Losses can exceed deposits
Withdrawal and funding options for NordFX
Please note that the following list of NordFX payment options is dependent on the NordFX Entity and the Country of Residence of the Client.
You may view all of the available NordFX payment options in your NordFX member account on the NordFX website.
The following funding options are offered by NordFX: You may utilize any of the deposit methods listed below if they are accessible in your region.
Methods of Payment for NordFX
• NordFX is compatible with Bank Transfer
• NordFX is compatible with Neteller
• NordFX is compatible with PerfectMoney
• NordFX is compatible with WebMoney
• NordFX is compatible with FasaPay
• NordFX recognizes CashU
• NordFX recognizes Payza
• NordFX acknowledges QIWI
How can I get started with NordFX?
In order to start a trading account with NordFX, you must register here. After receiving your login information through email, submitting your identification documents for account validation, and making a deposit, the next step is to download your preferred trading platform. Here you may discover extensive guidance on the trading platforms offered by NordFX. As part of NordFX’s onboarding process and standard KYC identification checks, you will be required to produce some basic evidence to verify your identity. These checks are routine procedure and enable NordFX to provide a secure financial environment for its ten thousand members.
Conducting transactions with NordFX
NordFX allows for a minimum trading size of 0.01 Lot. Depending on the account you open, this may differ. The maximum trade requirements differ between traders and instruments. As NordFX offers ECN and STP execution, you may anticipate extremely tight spreads and greater pricing transparency while executing trades.
As with the majority of brokers, margin requirements vary by instrument.
Trading CFDs on NordFX
Let’s examine the fundamentals of employing leverage on NordFX.
CFDs offered by NordFX are leveraged products; in this case, 10 times leverage is described.
You have a ten thousand dollar position, but you’ve only committed one thousand dollars, or one tenth of the account’s value. You are in a position where a tiny amount of money controls a much larger financial position. Herein lies your advantage.
Simply defined, leverage multiplies both gains and losses.
NordFX leverage multiplies both gains and losses when trading.
Suppose you use the NordFX trading platform to purchase/sell $10,000 worth of General Electric (GE) using contracts for difference (CFDs).
Suppose General Electric (GE) gains 10% due to positive results, increasing the value of your stock from $10,000 to $11,000.
It has increased in value by 10%, or $1000, which is a 100% increase on the funds initially invested to the leverage CFD transaction.
Our initial investment of ten thousand dollars for the deal has yielded a profit of one thousand dollars because the price has increased by ten percent.
The NordFX leverage is bidirectional. If General Electric (GE) Falls 10% on week results your position which was once ten thousand dollars is now worth only nine thousand dollars. It’s decreased by one thousand dollars.
CFDs from NordFX are primarily used for short- to medium-term transactions. For example, intraday CFD trading with NordFX. A CFD trade can be more flexible than a traditional market deal in which the underlying asset is owned, notwithstanding the significant risk associated with CFDs’ independence from financial markets. CFD trading provides access to CFD fractional shares, CFD global markets, and CFD short selling. CFDs can also be used for hedging by skilled traders.
Always keep in mind that CFDs are intricate products with a significant danger of losing money quickly owing to leverage. Losses can exceed deposits
Resources for Education at NordFX
To trade successfully with NordFX, it is essential to have a thorough understanding of the trading tools and markets. Ensure that you fully utilize all educational resources. This comprises both internal and external education tools.
The instructional resources provided by NordFX are plentiful. Take your time and study the movement of the financial markets. Spend some time learning how your trading platform operates. Learn how to execute buy/sell transactions, take advantage of worldwide trading times, and, most importantly, mitigate and manage investment risk.
An analytical approach could be advantageous while trading with NordFX.
Train yourself to think more methodically and logically about the markets by exploring the NordFX platforms. It is a new skill set for many, but the market expects you to have it.
Support for Customers at NordFX
As part of our NordFX review, we evaluate customer service options, response times, and the effectiveness of problem resolution on the NordFX trading platform. NordFX supports a broad variety of languages, including Indian, Chinese, Arabic, Brazilian, English, Spanish, and Russian.
NordFX has a support grade of A since it offers more than three languages.
Support via Livechat at NordFX
LiveChat support is unavailable from NordFX.
Email Assistance at NordFX
We wrote numerous emails to NordFX, and response times were generally outstanding. The quickest response time from NordFX was within 40 minutes, while the longest response time was 9 hours. Your support response times with NordFX may vary, however this was our experience after sending 10 emails at various times.
Our questions were resolved and answered by the team. NordFX offers superior email support in general.
Phone Assistance at NordFX
Phone support is unavailable from NordFX.
Compare NordFX Support to That of Other Brokers.
What is required to open a NordFX account?
As NordFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), License No. 209/13, VFSC Registration No. 15008, all new clients must complete a few basic compliance tests to ensure they understand the risks of trading and are permitted to trade. When you open an account, you will likely be required to provide the following information:
• Be aware that the expiration date of Proof of Address documents for various NordFX Brand entities may vary.
• A scanned color copy of your passport, driver’s license, or national identification card
• A utility bill or bank statement showing your address from the preceding three months
In addition, you’ll need to answer a few simple compliance questions to verify your trading experience, so you should set aside at least 5 minutes to finish the account opening procedure.
While you may be able to explore the NordFX platform immediately, you won’t be allowed to trade until you pass compliance, which can take several days depending on your condition.
To initiate the account opening procedure with NordFX, please visit their trading site.
CFDs are leveraged instruments that can result in substantial losses in excess of the capital deposited. All trading entails risk. Only risk capital that you are willing to lose. Past performance does not guarantee future results.
Is NordFX a Reputable Broker?
We spent almost three months investigating NordFX thoroughly. Despite the fact that NordFX is not ideal, we discovered a number of quite beneficial features in their overall offering. Our personal trading experience with NordFX was quite positive. Considering numerous factors, NordFX is an excellent broker.
• NordFX has a solid history of providing Forex.
• NordFX has been in business for almost 14 years.
• NordFX has a sizeable customer service staff of at least 10.
• NordFX is governed by the Cyprus Securities and Exchange Commission (CySEC) with license number 209/13 and VFSC registration number 15008. This indicates that NordFX is governed by a jurisdiction that may hold a broker accountable for its misdeeds, or at the very least, arbitrate larger disagreements.
• NordFX is governed by trustworthy regulators.
• NordFX is able to handle deposits and withdrawals within two to three days. This is crucial during the withdrawal of cash.
• NordFX has a global footprint in numerous countries. This includes local lectures and training from NordFX.
• NordFX is able to hire individuals from all over the world who can speak in your native tongue.
Disclosure of Market Risk
Trading financial assets, such as cryptocurrencies and foreign currency markets, carries a significant degree of risk. Regarding leverage and margin-based trading, there is a substantial danger of loss. Some off-exchange financial instruments and derivatives may feature variable leverage, minimal regulatory protection, and substantial market volatility. Never assume that any investment products, strategies, indications, or other materials given will result in profits. You should be informed that investing can lead to monetary loss.
Frequently Asked Questions about NORDFX
Read our updated FAQ section for the year 2022.
May I sample NordFX?
Before making a deposit, you can test the NordFX platform with simulated trading via a demo account. Risk-free virtual trading with NordFX
What sources of finance does NordFX accept?
Please note that the payment options listed below vary based on the NordFX Entity and the client’s country of residence.
In addition to other payment methods, NordFX accepts Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, and QIWI.
Is NordFX safe?
The Cyprus Securities and Exchange Commission (CySEC), License No. 209/13, VFSC Registration No. 15008, regulates and monitors the conduct of NordFX, therefore the company is deemed secure. Traders’ deposits to their NordFX accounts are maintained in a separate bank account. For enhanced protection, NordFX utilizes tier-1 banks. Tier 1 is the official indicator of a bank’s financial stability.
Is NordFX trading effective?
It is regarded as advantageous and trustworthy to deal with NordFX. There are more than 10,000 traders and NordFX users. NordFX facilitates Forex trading. Minimum deposit required by NordFX is $1.
In 2008, NordFX was founded in Mauritius. Since 2004, NordFX has facilitated trading on the financial markets. NordFX offers Forex trading to clients. For security purposes, all cash deposited to NordFX are maintained in separate bank accounts. The Cyprus Securities and Exchange Commission (CySEC) license number for NordFX is 209/13, and the VFSC registration number is 15008, therefore the company is legitimate.
Is NordFX a reputable broker?
The Cyprus Securities and Exchange Commission (CySEC), License No. 209/13, VFSC Registration No. 15008 regulates NordFX, therefore it can be considered a trustworthy broker. NordFX facilitates Forex trades.
Is NordFX a reliable broker?
Consider NordFX to be trustworthy. All funds deposited with NordFX are placed in a separate bank account. This implies that your funds are not held directly with NordFX. The broker does not have direct access to your cash and hence cannot misappropriate them. In addition, NordFX is governed by the Cyprus Securities and Exchange Commission (CySEC) with license number 209/13 and VFSC registration number 15008.
What is NordFX’s minimum deposit requirement?
Minimum trading deposit with NordFX is $1.
How long do withdrawals from NordFX take?
Withdrawing funds from NordFX typically takes between 2 and 5 days, depending on the chosen method.
Is NordFX governed?
The Cyprus Securities and Exchange Commission (CySEC) regulates NordFX, license number 209/13, VFSC registration number 15008. Regular evaluations and audits are conducted by regulatory agencies in order for NordFX to maintain its regulatory status. You may discover more about these reviews on the websites of the relevant regulators.
Is NordFX a market maker?
NordFX is a market maker. NordFX will purchase stocks, money, and other commodities and instruments even if there is no buyer lined up.
How can I get started with NordFX?
In order to start a trading account with NordFX, you must register here. After receiving your login information through email, submitting your identification documents for account validation, and making a deposit, the next step is to download your preferred trading platform. Is my money safe with NordFX?
The Cyprus Securities and Exchange Commission (CySEC) regulates NordFX, license number 209/13, VFSC registration number 15008. The governing body and regulatory status of a broker, such as NordFX, is one of the most significant factors for traders to consider when choosing a broker. Brokers who operate without regulation do so at their own discretion and endanger the safety of their clients’ funds.
Due to the regulations enforced, it is improbable that regulated brokers will manipulate market pricing. The withdrawal request you submit to NordFX will be honored. If they violate any regulatory requirements, their status as a regulated entity may be revoked.
Is NordFX fraud?
Having been in operation for over 14 years, NordFX is regulated and well-established. NordFX is not fraudulent.
Can you profit using NordFX?
Despite the fact that traders have had remarkable success with NordFX. With NordFX, trading in the financial markets is not a get-rich-quick program. If you educate yourself, use a demo account for practice, and carefully plan your trades, your likelihood of success will increase significantly. Never invest funds that you cannot afford to lose. Losses can outweigh deposits.
Does NordFX have fees?
The company does not levy withdrawal fees. NordFX imposes no inactivity fees. NordFX doesn’t impose deposit fees.
When was NordFX established?
In 2008, NordFX was founded.
How many individuals use NordFX?
There are more over 10,000 registered NordFX users.
What nation is NordFX headquartered in?
NordFX’s headquarters are located in Mauritius.
Does NordFX give insurance against negative balances?
There is no negative balance protection offered by NordFX. Traders cannot lose more than they have deposited when negative balance protection is in place.
Does NordFX provide stop loss guarantees?
NordFX does not provide stop loss guarantees. Risk is handled with assured stop loss protection. Traders are obligated to close your trade at the price you specify. Only during market hours and under normal market conditions are Stop Loss orders guaranteed.
Do you allow scalping at NordFX?
The NordFX platform supports scalping.
Is NordFX capable of hedging?
NordFX provides hedges.
Does NordFX offer trading in CFDs?
NordFX facilitates CFD trading.
Does NordFX offer STP?
NordFX facilitates STP trading.
How many individuals use NordFX?
There are over 10,000 NordFX dealers and users.
Is NordFX an ECN broker?
NordFX facilitates ECN trading.
Offers NordFX a demo account?
Offering a demo account is NordFX.
Does NordFX provide a Muslim account?
NordFX provides Islamic accounts.
What funding options does NordFX accept?
Please note that the various funding methods and alternatives for NordFX clients may be found in the NordFX Members section and depend on their country of residence. Please check the NordFX website for your individual accessible payment methods. The following funding options are accepted by NordFX: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, and QIWI.
