NordFX Review 2019 | Is NordFX a Scam or Legit Forex Broker?

Read our NordFX review to find out if NordFX is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

2.8/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
80% Complete (danger)
4.0/5
Tradable Products
20% Complete (danger)
1.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
NordFX
NordFX Overview

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
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 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.

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 Card, FasaPay, Moneybookers, Neteller, Payza, QIWI, Skrill 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 MetaTrader 4 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.

Other

Trader Education
Resources provided include videos, articles, trading courses and ebooks.

Promotions
Currently no bonuses or promotions on offer.

Support
Multilingual support available through telephone support in 14 languages. A variety of localized telephone numbers.

Recup
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.

Final Thoughts
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.

Trading Experience
Suitable for both beginner and experienced traders due to the varied services and products offered.

People Also Asked

Is NordFX regulated?
Yes, NordFX is regulated by top-tier regulators, CySEC, VFSC inclusive.
Where is NordFX based?
NordFX is based in N/A
How does NordFX make money?
NordFX charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in NordFX account?
With NordFX you can deposit money via the following means; Credit Card, FasaPay, Moneybookers, Neteller, Payza, QIWI, Skrill.
How do I withdrawal in NordFX account?
NordFX lets you request a withdrawal of funds from your account via the following means; Credit Card, FasaPay, Moneybookers, Neteller, Payz.
What is the minimum deposit for NordFX?
NordFX has $10 minimum deposit.
What are the available account base currencies with NordFX?
NordFX trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in NordFX?
NordFX has a maximum leverage is 1:1000 for professional traders.
How do I open an account with NordFX?
Opening an account with NordFX is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does NordFX use MetaTrader?
NordFX platforms: Yes, NordFX use MetaTrader as well as the following platforms: MetaTrader 4
What type of broker is NordFX?
NordFX appears to be a ECN, No dealing desk, STP broker which offers market access to a variety of traders.
Does NordFX accept US clients?
No
Does NordFX offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with NordFX: You can trade a wide variety of instruments with NordFX: Currencies