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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.1
/ 5

NORDFX review

Updated on Mar 25, 2024
|
9 mins read

Overview

NordFX is a leading online Forex and CFD broker that has been in operation since 2008. With its headquarters in Port Vila, Vanuatu, and offices in several other...
See full overview for NORDFX
Countries
+3
Devices
Our Verdict
4.1
/ 5
Commissions & Fees
4
/ 5
Deposit & Withdrawal
4.9
/ 5
Customer Support
3.7
/ 5
Account Opening
4.1
/ 5
Regulation & Safety
4
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • Regulated by multiple authorities

  • Offers a wide range of assets, including cryptocurrencies

  • Multiple trading platforms are available, including MetaTrader 4

  • Competitive spreads starting from 0 pips

  • Allows scalping and hedging strategies

Cons

  • Limited educational resources for beginners

  • Limited research tools

  • Limited customer support options compared to some other brokers

  • Limited deposit and withdrawal options

General details

Type of accounts
Unlimited Demo Accounts
Standard Accounts
ECN accounts
STP accounts
Swap free accounts
VIP accounts
Micro accounts
Execution Model
NDD
ECN
STP
Deposit currency
USD
Regulatory complience
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Bengali
Vietnamese
Spanish
Chinese
Malay
Persian
Portuguese
Russian
Thai
Hindi
Autotrading
Contact details
[email protected] +44 2038688742

Customer reviews

Overall
score
4
/ 5
45 reviews

Read real reviews from traders all over the world:

К
Коваль Вячеслав
28 January 2023
Advantages: - Хороші торгові умови, включаючи спреди і кредитне плече - Мінімальний депозит становить $10 - Робота технічної підтримки та ліквідність
Disadvantages: - Брокер не має хорошого портфеля. - Метатрейдер 4 і метатрейдер 5 працюють погано
Відмінний вибір, якщо ви шукаєте брокера з низькими спредами і кредитним плечем. Торгові умови дуже щедрі. Брокер пропонує доступ до хорошого вибору активів, включаючи форекс-пари, товари, CFD та криптовалюти.
O
Onur Kahveci
26 January 2023
Advantages: - Düşük spreadler; - Yüksek kaldıraç; - Çok sayıda ticaret aracı; - Teknik destek; - Likidite; - Kullanıcı dostu arayüz;
Disadvantages: -
Müşterilerine çok çeşitli ticaret araçları sunan tanınmış ve güvenilir bir komisyoncudur. Şirket uzun yıllardır faaliyet gösteriyor, bu da kaliteli hizmet sunmak için yeterli deneyime sahip olduğu anlamına geliyor. Minimum depozito oldukça küçüktür, bu da az miktarda para ile ticarete başlamanıza olanak tanır. Alım satım koşulları çok iyi ve para çekme veya yatırma konusunda herhangi bir kısıtlama yok.
See all 45 customers reviews
Accounts

Type of Trading Accounts on NordFX

  • Unlimited Demo Accounts: NordFX provides unlimited demo accounts for traders to practice and improve their trading skills. These accounts are free and enable traders to trade in a risk-free environment without risking their own money. Demo accounts are essential for novice traders who want to learn the ropes of trading before investing real money. NordFX offers demo accounts on all its platforms, including MT4, MT5, and the proprietary NordFX Trader.
  • Standard Accounts: NordFX’s standard accounts are designed for traders who want to trade in forex, precious metals, and cryptocurrencies. The minimum deposit required for a standard account is $10, and the maximum leverage is 1:1000. Standard accounts provide access to all of NordFX’s trading platforms, including MT4, MT5, and NordFX Trader. The spreads for standard accounts start at 0.5 pips.
  • ECN Accounts: NordFX’s ECN accounts are designed for advanced traders who want direct access to the interbank market. ECN accounts provide the best possible trading conditions, with spreads as low as 0 pips and ultra-fast execution speeds. The minimum deposit required for an ECN account is $1,000, and the maximum leverage is 1:100. NordFX offers ECN accounts on MT4 and MT5.
  • STP Accounts: NordFX’s STP accounts are designed for traders who want to trade with no dealing desk intervention. STP accounts provide fast and reliable order execution and tight spreads starting from 0.5 pips. The minimum deposit required for an STP account is $10, and the maximum leverage is 1:1000. NordFX offers STP accounts on MT4 and MT5.
  • Swap-Free Accounts: NordFX’s swap-free accounts are designed for traders who follow Islamic finance principles. These accounts are also known as Shariah-compliant accounts and do not charge any rollover fees for holding positions overnight. The minimum deposit required for a swap-free account is $10, and the maximum leverage is 1:1000. NordFX offers swap-free accounts on MT4 and MT5.
  • VIP Accounts: NordFX’s VIP accounts are designed for high-net-worth individuals and institutional traders who want personalized trading conditions. VIP account holders can access special trading conditions like lower spreads and higher leverage. The minimum deposit required for a VIP account is $50,000, and the maximum leverage is 1:100. NordFX offers VIP accounts on MT4 and MT5.
  • Micro Accounts: NordFX’s Micro accounts are designed for traders who want to trade with small amounts of capital. The minimum deposit required for a micro account is $10, and the maximum leverage is 1:1000. Micro accounts provide access to all of NordFX’s trading platforms, including MT4, MT5, and NordFX Trader. The spreads for micro accounts start at 2 pips.
Tradable instruments

Tradable instruments on Nord FX trading platforms include:

Currencies
50
Cryptocurrencies
11
Stocks
70
Commodities
7
Indices
20
Frequently asked questions

Find the right answer to your question below.

Is NordFX a scam?

Based on multiple NordFX reviews and its regulatory compliance, there is no indication that NordFX is a scam.

How do I open a NordFX forex trading account?

To open a NordFX forex trading account, visit the NordFX website.

NORDFX compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

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  • Trading
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  • Fees
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  • Safety
  • Top-tier regulators
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