NordFX Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

NordFX Video Review

Investor Protection & Regulations

“NordFX is a brand name of NFX Capital VU Inc which is based in Vanuatu and is licenced by the Vanuatu Financial Services Commission. The broker does segregate client funds, according to its online Client Agreement.”

NordFX is a brand name of NFX Capital VU Inc which is authorised and regulated by the Vanuatu Financial Services Commission, as confirmed on the commission’s register, shown below:

According to the broker’s Client Agreement form on its website, they do segregate client funds from their own funds.

Tradable Products

“NordFX offers users the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Cryptos and Stocks.”

NordFX offers users the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Cryptos and Stocks. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the NordFX website and trading platform and are correct at the time of this review.

Trading costs with NordFX vary depending on the account type opened and instrument being traded but are covered in more detail further in this review.

Account Opening

“NordFX offers 3 types of trading accounts called Fix, Pro and Zero, all with different features.”

NordFX offers 3 types of trading accounts called Fix, Pro and Zero. Each account comes with different features and benefits of which some are summarised below.

Users can also fund accounts in BTC or ETH. Cryptos are charged differently with a commission of 0.09%.

To open an account with NordFX users simply need to click on the ‘Open Account’ button located on the broker’s website. After clicking this, users will be redirected to an account application page which requires name, email, phone number and account settings. After inputting these details and accepting the Client Agreement and Privacy Policy, users can then Log-in with their details which will open the NordFX Trader’s Cabinet.

In this Trader’s Cabine, users can download the relevant trading platforms, deposit and withdraw funds, access advanced trading features such as investment funds and PAMM investment services and more. Users will need to verify their identity and address by uploading verification documents.

The broker does not accept clients from the United States.

Deposit & Withdrawals options

“NordFX offers a wide variety of deposit and withdrawal methods such as bank wire transfer, Visa, MasterCard, WebMoney, Skrill, Neteller, Perfect Money, Ngan Luong, PayToday and Dragonpay.”

NordFX offers a wide variety of deposit and withdrawal methods with some fee-free and other fee-based. Information on fees and transfer periods can be found on the broker’s website.

Deposits:

• Visa/MasterCard – zero commissions, instant transfers.
• Web Money – 0.8% but not more than $50, instant transfers.
• Skrill – zero commission, instant transfers.
• Neteller – zero commission, instant transfers.
• Neteller Cards Visa/Maestro – 1.75 – 4.95% / 0 – 4.95%, instant transfers.

Withdrawals:

• Visa/MasterCard – 4% of the amount plus $7.50, 5-6 business days.
• Web Money – 0.8% but not more than $50, within 1 business day.
• Skrill – 1% commission, within 1 business day.
• Neteller – zero commission, within 1 business day.

Bank cards and trading accounts must be verified first but all deposits and withdrawals can be done easily from the Trader’s Cabinet.

Web & Desktop Trading Platforms

“NordFX offers the globally-recognised MetaTrader 4 trading platform for Windows and Mac but no web-based platform.”

NordFX MetaTrader 4

• Market execution and a variety of order types.
• One-click trading options.
• Different chart types (bar, candles, line).
• Ability to view different timeframes.
• Advanced trading indicators.
• Trade multiple asset classes.
• Access to the MetaTrader Marketplace for custom programming indicators and strategies.

Below is an example of the NordFX MetaTrader 4 trading platform for Windows desktop which is covered in more detail in the video review:

Mobile Trading Platforms

“NordFX provides traders with the ability to trade on the MetaTrader 4 mobile trading app for Android and iOS.”

The MetaTrader 4 mobile trading provided by NordFX allows traders the ability to:

• View 7 different chart timeframes
• Place live market trades and orders.
• View quotes of different financial markets in real-time.
• Trade directly from the chart
• and much more.

Users can download the NordFX MetaTrader 4 mobile trading app by visiting the Google PlayStore and Apple App Store or through the links on the broker’s website. The app is covered in more detail in the video review.

Trading Features

“NordFX provides a range of additional trading features such as Copy Trading, PAMM Trading, Investment Funds and VPS services.”

NordFX provides a range of additional trading features such as:

• Copy Trading. Users can access copy trading services by becoming a signal provider or by following another signal subscriber.
• PAMM Trading. Users can register to become a PAMM manager or follow other PAMM Managers. The PAMM system allows managers to manage other people’s capital.
• NordFX Investment Funds. This allows users to invest in shares of the world’s leading companies. Some of the funds on offer include the Pro-Industry Fund, Pro-TECh Fund and Pro-Expert Fund with a minimum investment of $500, $1,000 and $3,000 respectively.

Commissions & Spreads

“Trading costs with NordFX vary depending on the account type opened and the market being traded, with some accounts offering commission-free trading and others commission-based.”

Trading costs with NordFX vary depending on the account type opened and the market being traded. Details can easily be found on the broker’s website and are summarised below:

The commissions for cryptocurrencies are also different and charged at 0.09% per trade. Spreads and swaps of each of the asset classes available vary depending on the instrument being traded but can also be found on the broker’s website. These are set out for each type of trading account and the example below is of the Zero account:

If a trading account remains inactive for one calendar year, then the broker reserves the right to charge the account with a yearly maintenance fee of $20.

Bonus & Promotions

“Currently, NordFX does not offer a bonus or promotional scheme but this may change over time.”

Customer Support

“NordFX offers customer support 24 hours a day, 5 days a week, Monday to Friday via Live Chat, Email and Telephone, as well as from an Online Contact Form.”

NordFX offers customer support 24 hours a day, Monday to Friday via Live Chat, Email and Telephone from a variety of languages including English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese and Vietnamese.

After logging into the Live Chat feature we were greeted by an agent within seconds who answered our question, all in under 1 minute, as shown below:

Contact Information:

• Address: Pot 805/103 Rue D’Auvergne, Port Vila, Vanuatu
• Email: support@nordfx.com
• Phone:
  • Europe +357-25030262
  • India +91-120-4333948
  • China +86 108 4053677
  • Bangladesh +91-7303716826
  • Sri Lanka +91-120-4562896
  • Thailand +66600035101
  • LATAM +593-9-80-909032
• Social Media:
  • Facebbok
  • Twitter
  • Linkedin
  • YouTube

Research

“NordFX offers a range of different research tools which includes Live Market Analysis, an Economic Calendar and Trading Calculators.’’

In the Tools section on the broker’s website, users can find access to Live Market Analysis articles, an Economic Calendar, Trading Signals and Trading Calculators. The research articles cover a wide range of topics but mainly focused on Forex and cryptocurrencies. The articles are fairly text-heavy but detailed nonetheless.

Trader Education

“NordFX provides a wide range of educational resources, including articles and videos covering beginner and advanced topics as well as trading strategies and MetaTrader but users need to open an account to access most of them.’’

The educational section consists of feature-rich articles in a tutorial format, covering trading ideas and concepts as well as practical guides on how to use the platform. The Learning Center also includes a large range of trading videos covering beginner and advanced topics, trading strategies and MetaTrader. The resources are exclusively available to NordFX clients. To access this, one would need to open an account with the broker.

Trading Experience

“NordFX provides a simple trading experience with access to different account types, some commission-free and commission-based to trade from the globally-recognised MetaTrader 4 trading platform for desktop and mobile.”

From our observations, NordFX provides a simple offering to trade CFDs on Forex, Metals, Energies, Cryptos, Indices and Stocks from 3 types of trading accounts. Each account comes with different features such as commission-free trading on the Fix and Pro accounts with commissions and low spreads on the Zero account.

Users can trade from the globally-recognised MetaTrader 4 trading platform for desktop and mobile but no web-platform is available just yet. However, users can also access a range of trading features such as Copy Trading, PAMM trading and Investment Funds. The broker also provides good customer support 24 hours a day, Monday to Friday.

FAQ

Is NordFX regulated?

Yes, by the Vanuatu Financial Services Commission.

Where is NordFX based?

NordFX is based at Pot 805/103 Rue D’Auvergne, Port Vila, Vanuatu.

How does NordFX make money?

NordFX makes money through spreads and swaps on its available instruments and commissions on certain trading accounts.

How do I deposit in NordFX account?

Funds can be deposited into a trading account through a wide variety of payment services such as bank wire transfer, Visa, MasterCard, WebMoney, Skrill, Neteller, Perfect Money, Ngan Luong, PayToday and Dragonpay.

What is the min. deposit for NordFX?

The minimum deposit for NordFX is $10.

How do I withdraw money from NordFX?

Withdrawals can be made from NordFX via bank wire transfer, Visa, MasterCard, WebMoney, Skrill, Neteller, Perfect Money, Ngan Luong, PayToday and Dragonpay.

What is the max leverage in NordFX?

The maximum leverage offered by NordFX is 1000:1.

How do I open an account with NordFX?

An account can be opened at the click of a button on the NordFX website and can be done in just a few steps.

Does NordFX use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“NordFX provides the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Crypto and Stocks from the MetaTrader 4 trading platform for desktop and mobile with access accounts offering up to 1:1000 leverage.”

NordFX was founded in 2008 and the www.nordfx.com website is authorised and regulated by the Vanuatu Financial Services Commission under the name NFX Capital VU Inc. The broker offers users the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Crypto and Stocks across four different account types with a maximum leverage of up to 1:1000.

The three account types offered are called Fix, Pro and Zero. The Fix and Pro accounts offer commission-free trading with spreads on the Fix account fro 2 pips and Pro account from 0.9 pips. Commission on the Zero account is 0.0035% per trade (each side) with spreads from 0.

Users can trade from the globally-recognised MetaTrader 4 trading platform for desktop and mobile and offers additional features such as Copy Trading and PAMM services, along with trader research tools such as an economic calendar, trading calculator, live market analysis and different investment funds. There is also a learning centre with educational videos covering MetaTrader, trading strategies and beginner and advanced concepts, along with 24 hours customer support Monday to Friday.

• 100+ financial CFDs to trade on across Forex, Metals, Energies, Cryptos, Stocks and Indices.
• Commission-free trading available.
• Can trade on MetaTrader 4 for desktop and mobile.
• Maximum leverage of up to 1000:1 available.