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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.

This NordFX review contains the latest information about NordFX.

If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal broker who'll be transparent with you always.

In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program will generate hefty returns. NordFX is just one such platform that will take you and your investment to great heights. It is important to know all about NordFX before you trust them with your cash.

NordFX review

Our entire NordFX Review covers everything you need to know about trading with NordFX. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing goals.

There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully assess your broker before you choose them. It is a common misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.

NordFX is a broker which has paved its way successfully into the brokerage world. In this review, we've tried to collate some of the vital facets of NordFX. This review will help you to know whether NordFX is a good fit for your investments or not. We've tried to breakdown all the qualities and fees for your convenience.

NordFX Review, Table Of Contents

Who are NordFX?

NordFX is a forex broker headquartered in Mauritius and provides a variety of instruments for trading. Since its start in 2008, NordFX has emerged as a top-tier player in the field of online brokerage. NordFX has an extremely aggressive and full-featured trading website that is focused on forex, indices, metals, sharesand commodities.

Over the past 13 years, NordFX has grown into one of the leading online brokers.

After launching in 2008, their customer base has become as large as 10,000+ clients.

NordFX is the favorite of many traders.. Our NordFX review found that they're an excellent alternative for automated trading solutions. They're best suited for investors that are looking for an assortment of assets. Social and automated trading solutions are the heart at NordFX.

Technology plays a substantial role in NordFX. NordFX features trading on MT4, MT5, Tablet & Mobile apps. NordFX is honest, transparent, and a well-regulated agent 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 provide in-house analysis.

The trader resource department at NordFX is very enlightening for new traders since it permits them to get a closer look in the financial markets. NordFX caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.

Benefits of trading with NordFX?

Trading with NordFX comes with many benefits. These advantages are what sets NordFX ahead of all other online agents. You should check all of the advantages listed so you have a better understanding of NordFX.

The agent goes to great lengths to understand what dealers need. As a result, the service price is low, quick, and convenient. The agent also provides a variety of programs for all kinds of traders. NordFX ensures that the individual needs of all traders are duly met.

NordFX also includes excellent trading conditions which are available to just an elite group of institutional customers. The tight spreads and quick executions are a fantastic benefit for those traders. The technology adopted by NordFX is of the highest caliber, making sure that it is fast, dependable, and efficient.

NordFX acknowledges the significance of owning a quick order execution. A fast execution enables users to exchange without worrying about slippage safely. It will also aid the dealers to grab the maximum profitable opportunities.

Automated trading is another major facet of NordFX. A new dealer can learn from business experts utilizing the automatic trading option. The tight spread starts from as low as 0.0 pips, even though they are available for only razor balances.

NordFX has over trading tools to support all kinds of traders. These instruments are dynamic and convenient for both new and experienced traders. The dealers can put aside all their worries when trading using NordFX.

NordFX overview

Year Founded: 2008

Regulated By: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

Hedquarters: Mauritius

Minimum Deposit: $1

Number Of Clients: 10,000+

Losses can exceed deposits

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 with NordFX

NordFX is a lively platform that offers various techniques of trading. These tools cover the monetary markets substantially. Most of the broker platforms provide fewer approaches than NordFX

If you want to trade with NordFX, you'll require a minimum deposit of $1. This deposit is required if you wish to begin trading with NordFX. This 2021 NordFX review will guide you safely about trading with them.

NordFX is as versatile as any other broker platform. NordFX is great for traders who want a manageable assortment of low-cost services. The platforms supplied by NordFX are third party, white-label offerings. All traders may pick from MT4, MT5, Tablet & Mobile apps.

Along with everything, NordFX has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade has to be kept open. The brokers offer premium client service which rewards clients with benefits.

Many unethical brokers attempt to pressurise users into larger funding for premium services. NordFX, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more advantages will become available.

NordFX accounts are available all over the world and provides excellent service wherever they have clients. There are only a select 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 2006, NordFX has been operating 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 ensure that trading platforms have ploicies in place to maintain investor's resources secured. This usually means that NordFX users don't need to worry about their money since it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's private information as well.

You can make use of a choice for 2 Factor Authentications (2FA) with NordFX for increased security. An SMS with the verification code will be sent to your phone. You'll be asked to enter this code to log in to your account.

Another concern with financial brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to users on those platforms. However, this is more widespread in the example of Market Maker agents who compete with users on the stage.

Pro's & Con's Of Trading With NordFX

Every online trading platform has a few pros and cons NordFX review would be complete without having a balanced approach. 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 Pro's

  • 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 Con's

  • 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

NordFX Skilling Direct FX Darwinex
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $1 $100 $1 $500
Year Founded 2008 2016 2006 2012
Headquarters Mauritius Cyprus New Zealand UK
Regulated By Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 Unregulated Financial Conduct Authority (FCA)
Clients 10,000+ 5,000+ 10,000+ 10,000+
Find Out More
Risk Warning Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor Losses can exceed deposits Losses can exceed deposits

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 powerful set of rules for ensuring honest trading onto its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, customer information is never to be shared with some other institutions or individuals. Including 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 you need to get started on NordFX is $1. This is a decent amount for people just beginning. You can make more complex residue as you go along. But, make certain you know how to make the most of your money before investing in larger sums.

NordFX Review - Commission And Fees Explained

NordFX is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily affected by the amount of clients they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 different types of fees for this purpose.

The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you're paying a spread, financing speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.

Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people who are billed when you maintain a leveraged position for more than daily.

Aside from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your accounts. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.

Generally, NordFX doesn't charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who often exchange, for example weekly or daily trading.

But, non-trading fees charged by NordFX are relatively lower. Consequently, you're billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of assets.

This NordFX review breaks down each of the applicable non-trading fees for you in detail.

Compare broker fees against NordFX

NordFX Skilling Direct FX Darwinex
Minimum Deposit $1 $100 $1 $500
Withdrawal Fees No variable Yes
Inactivity Fees No No No
Deposit Fees No No No
CFD Fees Yes Yes Yes

NordFX Review - Withdrawal Fees Explained

NordFX doesn't charge withdrawal fees

Withdrawal of cash is possible at any time from the NordFX account. You can withdraw up sums to the amount of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't necessarily have to have any cash in your account.

Moreover, the withdrawn money will be transferred 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 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 money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to withdraw in.

NordFX Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head when open an account with NordFX. An inactivity fee is an amount charged to registered dealers who have not participated in buying or selling for some time. The period regarded as inactive is determined by the broker.

The inactivity fee also differs from one broker to another and is not standardized. If a traders account doesn't have a buying or selling transaction, it is maintained by the broker as an inactivity charge. The traders have to pay this commission under conditions and terms that they had agreed while registering.

NordFX doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no fees are indicated by NordFX, it is better for you to close the account if you're 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 chosen. The inactivity fee is subjected to many circumstances and needs to be disclosed clearly by the agent beforehand.

NordFX Review - Deposit Fees Explained

When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers don't 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 simple. You just need to complete a single-user profile questionnaire to start depositing money into your trading account. You will need to provide an identity proof and evidence of residency to deposit large sums.

NordFX Review - Compare Broker Deposit Methods

NordFX Skilling Direct FX Darwinex
Minimum Deposit $1 $100 $1 $500
Credit Card No
PayPal No
Neteller Yes
Skrill No

What Can You trade With NordFX?

Note: NordFX offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can be different 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, Skilling, Direct FX & Darwinex below.

NordFX Skilling Direct FX Darwinex
Platforms MT4, MT5, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, Web Trader,
Instruments Available 100 100
Forex & Crypto
Forex Pairs Available 50 40
Offers Major Forex Pairs? Yes Yes Yes
Offers Minor Forex Pairs? Yes Yes
Offers Exotic Forex Pairs? Yes Yes
Offers Cryptocurrencies? No Yes No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? Yes No Yes
Trade Energies? No No No
Trade Agricultural? No No No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? No No No
Trade US Shares? No No No
Trade German Shares? No No Yes
Trade Japanese Shares? No No Yes

Losses can exceed deposits

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Losses can exceed deposits

Losses can exceed deposits

Alternatives To NordFX

If, after reading this NordFX review, NordFX doesn't quite meet your requirements check out these NordFX alternatives.

We have 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 ease of beginner traders. You may use this feature to build your faith in the system and yourself and your trading strategies.

If you sign up for a demonstration account on NordFX, you will set out with a decent amount of virtual currency. It is to establish a sense of security and confidence in you before you decide to invest your own money.

With this digital NordFXdemo account, you can experiment in any way, to whatever period you desire. You can also start positions, test different trading strategies, and more.

NordFX specifies on its official website which you are able to exchange real time stocks with your demo account.

Is NordFX safe?

You can drop all of your worries because we believe that NordFX is perfectly safe to use. It is in compliance with all the principles of Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.

Nevertheless, NordFX does not 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 fund your accounts with NordFX. The process is effortless and quick, with various payment methods in your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must bear in mind that PayPal isn't available in every place. The monies NordFX

Is my money safe with NordFX?

Yes, your cash is safe and protected with NordFX. As you know, NordFX works with good conformation to. It has established plenty of measures to protect all of its investors.

NordFX protects its customers' personal and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.

If you want to further safeguard your accounts, you can enable Two-Step Verification also. It requires an SMS affirmation that you get your account.

Is NordFX trading good?

Yes, trading through NordFX is a nice and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. Moreover, you can also gain access to a huge selection of educational tools and assistive material to kickstart your trading expertise.

If you remain skeptical, you can open a eToro demo account and evaluate 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 do 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 agent, and its own users may vouch for this. The highlight of this platform is its quick order execution on trades.

You will find the clean layout of the platform along with 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 $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 currently one of the industry leaders. It has over 10,000+ registered customers and over 13 years of experience on its own record. They are among the world's leading trading platforms and a dominant figure in the Fintech revolution.

It majorly owes this status to its incredible platform and broad selection of resources plus tools so you can put money into 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?

Using NordFX, several traders earn a lot of cash. But on average, through continual trading, you can create between 2% - 10% profit a month.

This can look to be a small 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 gain.

Does NordFX have fees?

Yes. To begin trading with NordFX, you have to deposit $1. Certain commissions while trading also applies. 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 Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.

How many people use NordFX?

NordFX is a globally recognised broker with 10,000+ clients.

Where is the NordFX head office?

NordFX has its head office in Mauritius

Does NordFX offer negative balance protection?

No. NordFX doesn't offer negative balance protection. If your balance is unfavorable, NordFX indicates you promptly contact client services. With this, you are able to correct any imbalances within your own account.

Does NordFX offer guaranteed stop loss?

NordFX unfortunately, does not provide guaranteed stop loss. NordFX gives a chance to its traders to close their trade in their specified price. Aside from this, NordFX doesn't provide guaranteed stop loss.

Does NordFX allow scalping?

Yes, NordFX do permit scalping. Many traders across the world choose NordFX for their services that are trading. They offer trading on MT4, MT5, Tablet & Mobile apps which allow 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.