NordFX Review, Rating and Awards 2022

Nord Fx are regulated by CySEC under the name NFX Capital under the registration number , meaning that your money is safe, and the markets won’t be manipulated. Due to its regulations by CySEC, they are unable to accept clients from some countries including the USA. If you are in the USA, then trading with an unregulated or US based broker would be your best options, like Hugoswayfor instance. ICICIdirect, India’s largest retail broker and financial product distributor, is trusted by more than 50+lac customers. With 170+ branches in India, it has over two decades of experience.

NordFX is able to cater to the needs of a wide variety of traders, as it has six different accounts to choose from. If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to global prime review read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.

NordFX does not charge deposit and withdrawal fees, but third-party payment processor costs apply. The Trader’s Office, the secure back office of NordFX, handles all requests. Traders must withdraw the initial deposit to the same method used to deposit but may use any payment method for processing profit withdrawals. I like the flexibility NordFX grants clients to manage their funds and appreciate the lack of forced bank wires for profit withdrawals. We review all brokers to astrict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support.

Overview of Trading Platforms

Because of its popularity and widespread use, NordFX traders can use MetaTrader 4 on a lengthy list of devices. There are desktop versions for both Windows and Mac as well as mobile applications for both Android and iPhone. NordFX began in 2008, and clients have opened more than 1.2 million accounts since then. NordFX’s parent company is NordFX CY which is headquartered in Limassol, Cyprus. However, if the payment method you chose has a fee, you will have to shoulder that.

Index CFDs show a fee of 0.05% per round trip versus 0.20% for equity CFDs, matching industry standards. Below is a list of the most common review questions that traders ask about this online forex broker. Unsurprisingly, there is also an economic calendar that lets traders know which upcoming events may influence the markets. The economic calendar includes the time and date for each event, as well as the title, the currency, the impact, and figures for actual, forecast, and previous. It is also possible to use filters on the economic calendar to better view the events relevant to your trading strategies. MT4 for your iPhone is designed to be used with MetaTrader 4 users.

If you’re looking for a Forex broker that also offers the opportunity for a spot of binary options trading, you won’t go far wrong if you consider NordFX. This international Forex broker has a lot to offer both individual and corporate customers, with a range of services for trading, an easy to use trading platform, including mobile applications. A wide choice of trading instruments are available, including 37 currency pairs, precious metals, and binary options. The decade of achievements, awards, and steady access to global financial markets for over four million traders. Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords. Make deposits and withdrawals using the most popular payment options.

Review Loads of cryptocurrency and blockchain project reviews for your education. NordFX is a well-established broker with an exemplary record of performance. They offer some of the lowest spreads on their range of different bdswiss negative balance protection assets thanks to their ECN liquidity. New clients of NordFX should try and gain as much information as possible about what type of trading expertise will be needed to be effective in the world of forex and commodity trading.

Platform nordfx com

Trading instruments are light, but it is sufficient for retail traders. However, traders can trade with Market execution with 20% stop-outs. In this platform, traders do not need any third-party plugins to unlock the full features. Overall, the automatic trading and creating custom solutions on the MT4 infrastructure have made this trading platform in the retail sector. Thus, we always put our readers’ safety as a priority in our business line.

Clients benefit from segregated accounts at top-tier banks, secure deposits and withdrawals, competitive leverage, tight spreads… The broker offers professionals and beginners to work with NordFX investment funds. There are 3 programs, so everyone can choose the one appropriate to their needs and financial capabilities. There are also PAMM accounts for those who do not know how to trade in the Forex market or simply do not have enough time to do so. A person can transfer his funds into the management of traders and receive income even without experience. On the Nord Fx platform, it is possible to make transactions with 4 crypto indices and 16 cryptocurrency pairs.

Recent customer reviews of NordFX

The NordFX website and the MetaTrader platforms contain a wealth of information and strategies for trading, so be sure to make use of all the resources available. NordFX is an established global trading platform specialising in cryptocurrency, forex and CFDs. Regulated in both Vanuatu and Cyprus, NordFX provides a comprehensive brokerage service aimed at both professionals and novice traders. Our NordFX Review 2022 found it had plenty of great features and is certainly worth considering if you are in the market for a new brokerage platform. Among the instruments are also available forex currency pairs, gold, silver.

You cannot trade any of your favourite companies on NordFX which is slightly frustrating. If you want to trade equities you will have to settle for the index CFDs. If you have found your experience at NordFX to be a pleasant one, then you can always sign up to their affiliate program and start earning some referral commission.

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You can also make an instant deposit via Visa or MasterCard with these three currencies without a commission. NordFX does offer a free demo account without any expiration date. The lack of expiration date is nice since many other brokers limit the amount of time that traders can use a demo account. The only thing to keep in mind is that if your demo account is inactive for more than 14 days, it gets automatically deleted. You can easily create a demo account via MetaTrader 4 or MetaTrader 5 or in the Trader’s Office for your live account.

All information about the trading conditions is found clearly on the company’s website, and trading times are listed clearly within the MT4 platform. I like the overall regulatory environment of the Vanuatu Financial Services Commission. IN addition, NordFX has 13+ years of experience, and I consider it a trustworthy and secure broker. As an extra precautionary step, I would like to see a third-party insurance policy covering client deposits or membership with the Hong Kong-based Financial Commission.

Banking Options

With this platform, you can enjoy instant execution as well as market execution and access a range of order types to let you adapt your trading style. MT4 makes it possible to create then test scripts and indicators. MetaQuotes Language 4 is easy for developers to use to create expert advisors and indicators to test your trading strategies. Or you can use the built-in indicators and the other graphical tools available. MetaTrader 4 is commonly considered the standard for forex trading, meaning that there are many tutorials and support resources available. MetaTrader 4 also has high-grade security for the trading transactions and can incorporate news feeds right into the platform.

Withdrawals via VISA, MasterCard are subject to a 4% + $7.50 fee on the amount withdrawn. Withdrawals via WebMoney are subject to a 0.8% fee (maximum $50 fee). Withdrawals via Skrill are subject to a 1% fee, and withdrawals via Perfect Money are subject to a 0.5% fee.

It is ideal for testing trading strategies and algorithmic trading solutions/EAs. The flexibility of the MT4 demo account option can create trading conditions as close as possible to live accounts, but no demo can substitute the experience and emotions of live trading. You can access NordFX customer support by clicking on the support button by the top right of the page. Alternatively, you can click on Contact in the main navigation menu. This will take you to the contact form, which asks for crucial information. Start by selecting the department you wish to contact, with options including customer service, payments, technical support, marketing, introducing brokers, and human resources.

Trading Experience

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. NordFX is a broker that provides access to trading for forex, precious metals, and cryptocurrencies.

Traders may choose between a more expensive commission-free Forex account or a competitively priced commission-based alternative. The former starts with spreads from 0.9 pips or $9.00 per 1.0 standard lot. The latter shows a minimum of 0.0 pips for a commission of $7.00, but the average mark-up is 0.3 pips, increasing costs to $10.00 per lot.

I received affiliate commission and used this commission in trading too. I registered affiliate link and started to advertise this broker. ForexPeaceArmy.com has advertising and affiliate relationships forex4you with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

If you are looking for the most cost-effective way to withdraw your cash then you are probably best suited to try another web wallet such as Neteller. This is actually on the light side and we would have liked to see more selection of commodities to trade. There are a number of things that we look at when determining how safe a broker is. These include regulatory licences as well as internal protocols. Despite their global operations, there are some regions where they do not accept clients from. In this NordFX review, I will give you everything you need to know about them.

Affiliate Program

For $250, traders get access to Pro, but I strongly recommend Zero, which requires $500. In addition to the NordFX Investment Funds, the broker offers other investment products. These instruments offer maximum protection of investments along with potential profits that exceed bank deposits. These products include guaranteed income and capital protection. You can sort the options by the minimum investment amount and/or the term of investment.

Top 3 Forex Brokers

There are no restrictions on the minimum amount of withdrawal, the maximum period of withdrawal – 5 working days . Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Let other traders know if this service is worth checking or should be avoided.

For example, you have the guide to markets which gives you an overview and disciplines required to make money in a sustainable way over a longer period of time. NordFX RAMM accounts also have a relatively low minimum investment requirement of $50 if you want to act as a managing trader or $10 if you want to act as an investor. You will have the same leverage ratios and limits that you have in the individual accounts. This is also ideal for those brokers that have to manage multiple client accounts all at once. It has the same trading interface of the MT4 platform but allows you to place these orders across a number of accounts.

The price for the forex VPS from Fozzy for NordFX clients is twice cheaper than the standard price, delivering savings. There is also 24/7 uptime with the VPS so expert advisors can trade without interruptions. The service is also simple to use and reliable thanks to daily backups of all the stored data. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.

Unfortunately, NordFX has not developed their own mobile app for account administration etc. This means that if you are looking to manage funds / funding and other admin you will need to use the mobile browser. The platform is available through a number of operating systems. The MT4 platform also comes with its own coding language, MQL4. This is the language that is used to code Bots and algorithms which can trade the markets automatically and continuously. If you trade high Forex volumes then the Zero account could be for you – watch those lot commissions though.