NordFX Review: Safe or Scam Broker? What We Found Out

NordFX Review: Safe or Scam Broker? What We Found Out

With negative balance protection, NordFX trading losses are always limited to the current balance of funds in the trader’s account. CFD trading on NordFX allows traders to speculate on the price movements of various financial instruments against the broker NordFX, without actually owning real assets. With CFDs, NordFX traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. It’s important to note that NordFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps NordFX maintain a trustworthy financial environment for its 1,800,000 users. Detailed information on the NordFX trading platforms is available on their website.

Regulated by multiple authorities

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Your satisfaction means everything to us, and we’re here to make sure every experience is just as great. Creating a live account is simple, requiring online registration, personal information, and identification verification.

Tài khoản Pro do NordFX cung cấp

• They are positioned to a number of different skill levels with the beginners guides on elementary forex disciplines and trading strategies.
• Established in 2008, NordFX is a global brokerage with over 60 accolades for its exceptional service and trade conditions.
• The app is laid out in a simple interface and is easy to use.
• You can get the NordFX MT4 MultiTerminal for when you have several accounts to manage simultaneously.
• The broker caters to a diverse clientele and provides multilingual customer support in English, Chinese, Arabic, Bengali, Hindi, Indonesian, Malay, Farsi, Portuguese, Spanish, Thai, and Urdu.

The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” NordFX offers flexible trading conditions, including “Fix” account starting from $10, tight fixed (from 2 pips) and variable spreads (from 0 pips), depending on the account type. The broker allows traders to use expert advisors and various trading strategies including scalping and news trading.

What instruments can I trade on NordFX?

For example, it has advanced charting, order management, indicators and technical studies. The UI is also quite functional as the panels are “widgetised”. In the end this will really depend on your own preferences. If you are more of cryptocurrency trader then https://traderoom.info/nordfx-broker-review/ you will want to go for the crypto account.

NordFX Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for NordFX traders of all experience levels. Trading Centrals Alpha Generation Indicators can help NordFX traders better understand market trends and patterns, enabling them to make more informed trading decisions.

Given that NordFX operates as an ECN broker, the spreads that you are likely to pay on the trading pairs are going to be quite low with some close to 0. However, the brand is also operated by a company that is based in Cyprus called NFX Capital CY Ltd. This company allows NordFX to sell their services in Europe and its address is 14 Louki, Akrita street, Ayias Zonis, 3030, Limassol. Investing.co.uk has been helping British traders find the right broker for over 20 years.

Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. NordFX is overseen by the top tier financial regulators Unregulated so can be considered a good broker. Please note that the list of payment methods below depends on the NordFX Entity and the client’s Country of Residence. If you’re interested in comparing NordFX against other popular brokers in the industry, check out our NordFX Vs pages. Our team has compiled a series of detailed NordFX comparison articles, pitting the NordFX platform against some of the best-rated NordFX competitors in the market.

Low spreads and a huge range of trading…

NordFX is one of the leading broker companies providing services on international online currency markets. The company was established in 2008, the head office is located in Port Louis, Mauritius. NordFX offers 33 currency pairs, gold, silver, 11 crypto pairs, 6 CFD indicies, 64 stocks for trading on MetaTrader 4 terminal and CopyTrading service. NordFX is a broker that specialises in the forex, stock, indices, commodities and crypto markets. It has a low minimum deposit requirement, uses the well-respected MT4 trading platform, provides access to a range of markets and has a good education section. The NordFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give NordFX traders detailed market tools.

Withdrawals from NordFX normally take 1 hour and 1 day to complete, depending on the withdrawal type and verification procedure. NordFX allows traders to trade Contracts for Difference (CFDs) on various equities. Moreover, NordFX allows you to trade various commodities, including energy resources such as oil and gas and agricultural items. Registering a NordFX account is often fast and simple, with customers able to complete registration and verification in minutes and begin trading immediately.

Our experts undertook a review of withdrawal options and found that all deposit methods can also be used for withdrawing from NordFX. However, there is a relatively high 4% + £7.50 charge for Visa and Mastercard withdrawals. Third-party fees are also often charged for bank transfers.

This means that no matter how far a position moves against you, it will be protected from going below 0. For example, they operate a segregated bank account structure. This means that they keep all of their client funds in a bank account that is separate from the main broker bank accounts – which ensures protection of your funds in liquidation. The NordFX minimum deposit is only $10, allowing any trader to get an account. The NordFX bonus that this broker offers included additional trading features like VPS services and uninterrupted trading, because of the service. Accounts at NordFX can be funded using USD, Bitcoin (BTC) or Ethereum (ETH).

Below we give an overview of the account types that NordFX offer. Whatever you are looking to trade, the varying NordFX account types will be able to provide you with what you need. The NordFX MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the NordFX trading server.Take the time to understand all of the NordFX Android MetaTrader 5 features.