NordFX is a part of a group of companies with a long-standing operational track record that dates back to 2008. The broker offers a selection of account types including ECN for Forex, Cryptos, precious metals, and indices. The broker also offers managed investment funds
|#||Broker's Features||NORDFX Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||✔|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||24 hour support||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review NordFX.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. NordFX offers Online Financial Trading and Investment Services Such as Currencies.
Tradable Products: Offer to trade in Forex, Cryptos, precious metals and indices. The broker also offers managed investment funds.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. NordFX is ECN, No dealing desk, STP.
As NordFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. NordFX also offers a number of useful risk management features, such as Guaranteed Stop Loss Orders, Negative Balance Protection, price alerts and much more.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. NordFX recommended minimum capital is $10.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. NordFX is regulated by CySEC, VFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Regulated and licensed by the Vanuatu Financial Services Commission and SEBI. Certainly not the most stringent regulators, but comes with a level of transparency and disclosure.
Languages Available: Next lets have a look at each broker's different Language options. NordFX offers Arabic, Bengali, Chinese, English, Farsi, Hindi, I.
Payment methods: Next lets have a look at each broker's payment options. NordFX offers Credit/Debit Cards, Bank Transfer, Neteller, UnionPay different payment methods for each account types.
Deposit and withdrawal: Payment methods supported include bank wire transfer, credit cards and a wide range of online payment system and processing takes up to 6 business days.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, NordFX makes MT4, MT5 available to clients.
Web & Desktop Trading Platforms: Supports MetaTrader 4 and MetaTrader 5 trading platforms
Mobile Trading Platforms: Android and iOS compatible MT4 mobile trading apps are available for download.
Resources provided include videos, articles, trading courses and ebooks.
Currently no bonuses or promotions on offer.
Multilingual support available through telephone support in 14 languages. A variety of localized telephone numbers.
From our review, NordFX offers trading services for both beginner and experienced traders. The MetaTrader trading platform is simple enough for beginner traders and advanced enough to cater for the trading needs of the more experienced trader. In addition, the range of products also should cover the investment appetites of both categories of traders.
The broker is able to cater to both beginner and experienced traders through its various services and products offered. Most unique about this broker is the fact that it also offers managed investment funds.
Suitable for both beginner and experienced traders due to the varied services and products offered.