Offering a selection of accounts to match different dealer requirements, a very low minimum deposit, a demo account and MT4 integration, NordFX will interest a lot of traders. The Metatrader platforms additionally provide automated trading and forex trading signals. Read our comprehensive review to discover more.
It is intuitive to browse and easy enough for all those new to trading to understand. The choices of managed automated or funds investments are easily accessible and need hardly any customisation to set up.
The simple to use interface does not restrict more seasoned dealers. However, you will find improved levels of performance to dig into and a vast selection of information and graphs available for evaluation when you wish to have greater direct insight and control over your investment choices.
Assets / Markets
NordFX has a large selection of financial tools, asset markets and types offered for the users to exchange. These include 33 currency pairs, such as 11 cryptocurrency pairs, silver, gold, and an assortment of commodities. Unlike a number of different agents, NordFX also offers managed investment solutions.
Spreads & Commission
The spreads provided on NordFX are incredibly tight (especially compared with a lot of their opponents) beginning from only 0.0 pips. They remain competitive by outsourcing transactions into some third party liquidity supplier, which can help keep prices low because of the exceptionally large trading volume.
Beware of penalties billed when funds are removed. The particular amount depends on the withdrawal process (E.G. online payment methods, electronic wallets or bank transfer).
NordFX is not governed by the FCA or ESMA, such as many other popular brokers. Hence, the total amount of leverage provided is very high, even though it fluctuates according to asset category, rates of around 1:1000 can be found.
Although many experienced traders will welcome this large leverage limitation, for new investors it’s important they restrict their downside. A frequent reason many new traders lose money is the overextending in their own position. With this kind of high leverage, this is remarkably simple to accomplish.
NordFX utilizes the MetaTrader 4 platform, which can be widely used in the business. This is a detailed, cross-purpose and multifunctional tool that requires particular applications to be downloaded. Therefore, users should have PCs with adequate memory to utilize it.
For mobile users, there’s an app version available called MT4. All these are available to download on both iOS and Android, but performance is slightly lower compared to the desktop version.
Different payment options are offered in NordFX. For deposits – credit and debit cards, wiring funds and other online payment options are welcome. The identical payment methods are available for withdrawal, what you select will influence how much time it will take before the cash can be found on your bank account. The site says anywhere between 1 and 6 business days.
Money laundering regulation generally dictates that withdrawals must be made back to the same funding source used for the deposit.
Before committing to starting a live trading account, users can make a demo account with $10,000 value of ‘demonstration’ money to become accustomed to the platform, research it and find a preference of the markets they are considering. Installation is a very simple procedure, taking under a moment.
Offers And Promotions
NordFX possesses a number of offers for consumers, with reports composed by an in-house analyst summarising the vital events across various financial markets. Clients have the choice of guaranteed stop-losses, limit orders and to a large degree can elect for automatic trading.
NordFX is currently running a ‘refer a friend’ promotion deal. When users refer a friend and they make a deposit, the referrer receives 10% of that deposit as a cash bonus.
Regulation And Licensing
Regulations are comparatively loose in contrast to some rigorous governing bodies such as the FCA. But, that does not mean NordFX is a dangerous or unreliable stage – orders could be implemented in under half a second with complete security.
In addition, they have strict internal fiscal controls to make sure they are compliant with all anti-money laundering regulations. Dealers based in the EU may enroll with NordFX Cy to profit from an additional layer of regulatory defense. This coverage affects leverage limits, trade and margin forms provided.
NordFX is an internet broker founded in 2008 with an established history of providing exceptional, quick services to its clients and more than 10 years of trading experience. More than 1.2 million reports across 100 accounts have opened on the website since that time.
Their plan is to push their customers to exchange cryptocurrencies, Forex pairs, indices or shares. Unlike many competitors, also offer you the choice of managed investment solutions. They are regulated by Vanuatu’s Financial Service Commission.
NordFX delivers a number of additional features to entice prospective users. These include a detailed ‘Education’ section of the site, using a Learning Centre and Glossary so traders may begin to flesh out their understanding about how financial markets operate and make better trading decisions.
They also give an economic calendar and constructed calculators along with several other tools for comprehensive analysis. A great feature also is the weekly evaluation of different financial markets conducted by a knowledgeable in-house analyst.
NordFX provides three account types catering to various niches, which range from novices to veteran traders. Though leverage stays constant at 1:1000, first deposits change as do spreads, together with pips ranging from 0.9 to two.
Some accounts (including the Zero Account) provide commission-free trading, whereas others might charge slightly higher prices and marketplace performance prices.
NordFX has a comprehensive record of providing good trading functionality for its customers, dating back ten years. The platform is strong, highly usable, simple to pick up yet challenging enough for seasoned traders. You will find a good selection of additional attributes and competitive leverage and spreads.
Overall, NordFX is a fantastic option for new or seasoned investors, offering easy accessibility to a vast assortment of financial tools. The addition of managed accounts is surely a distinguishing factor.
Metatrader 4 integration is an important measure for NordFX and also exemplifies their approach to specialist trading. The ‘de facto’ pro toolset is especially specific compared to other brokers. It needs to be viewed as a substantial benefit.
Some investors might prefer to use online brokers controlled by marginally more rigorous financial behavior authorities, together with stricter adherence to global leverage limitations and higher levels of customer protection. Additionally, installing applications can turn off potential consumers, especially with such a vast assortment of in-browser online broker programs out there. Last, higher leverage rates may mean NordFX is finally too risky for most prospective investors.
The platform can be used 24/7, but markets for various asset classes are available at different times, so this can impact the trading of particular instruments.
Contact Details / Client Service
NordFX possesses an extremely responsive, knowledgeable customer service, with 5 special centres using dozens of employees to aid with queries. Users can opt to contact NordFX via an internet chat, via different social channels or on the telephone.
Security and safety
NordFX is a very dependable, safe agent, viewed from an operational angle, with transactions being implemented in under half a second. The MetaTrader interface means users may exchange on the move, while the servers appear to be efficient and robust, providing exceptional service – also to pro, regular traders.
NordFX has deployed strict internal regulations to maintain buyer’s cash safe, even though there’s a bit of a lack of depth in the info about this subject which can be found on their site.
In conclusion, NordFX really is a fantastic option for prospective investors looking into online affiliate platforms. They have an established history, provide the opportunity to exchange on a wide variety of asset types, a completely operational demo account and extensive customer care. The added features (for instance, in-depth market evaluation and investor instruction) imply NordFX has many differentiating factors which make it stand out from the market. Commission rates seem to be competitive also.
But it is not for everybody: a few investors will be searching for a more polished user interface, added features like investment advisers, or would prefer using a broker controlled by more rigorous fiscal authorities.
NordFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other states.
Traders can’t use NordFX from the USA.