NordFX Rated 4/5

NordFX Guide - Read our In Depth 2021 NordFX Review

This NordFX review was written by industry experts with over 20 years of financial experience in Forex.

Benefits of Trading with NordFX

NordFX Review 2021 Quick Summary
💰 Min Deposit 1
👱‍♂️ Used By 10,000 NordFX users and traders
📆 Founded 2008
🌍 HQ Mauritius
👮‍♂️ Regulation Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
🚫 Excluded Countries NordFX is not available in the following countries : No

Open NordFX's Website

Losses can exceed deposits


learn more Learn more about NordFX.
Losses can exceed deposits

What is NordFX?

NordFX are a global online financial trading platform and multi asset broker founded in 2008

Over 13 years later NordFX has grown to offering retail investors Forex trading.

NordFX are a global broker. NordFX have a head office in Mauritius.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this NordFX review and assess how well the NordFX platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like NordFX can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of NordFX we breakdown the pros and cons. What NordFX are able to offer, what countries NordFX are available in. Who NordFX are regulated by and more.

NordFX Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this NordFX review useful.

This review of the NordFX platform is very detailed. If you are interested in trading with NordFX in any capacity please take the time to read and research the whole NordFX review.

We have tried to explain the ins and outs of financial trading through the NordFX platform as plainly as possible so that you the trader are as informed as possible before you start to use the NordFX trading tools and depositing and withdrawing funds from NordFX.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with NordFX like Forex trading. you should have confidence in NordFX and know that the management of your financial investments on the NordFX platform are in good hands.

At the bottom of this NordFX review you can also learn about some pretty good alternatives to NordFX

With this NordFX review we hope to help you see if NordFX is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding NordFX that will help you get off to a good start in the world of online trading.

NordFX Review Table of Contents

NordFX review
NordFX is a Multi-Assets Trading Platform with over 50+ Assets

Learn more about NordFX. NordFX is a multi asset platform with 50+ tradable Assets. Assets available on NordFX include Forex.

NordFX trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex are considered financial assets.

Features of NordFX

NordFX review
What you should know

NordFX offer one way to trade: Forex.

With NordFX you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with NordFX platform.

NordFX are able to accommodate various levels of traders whether you are experienced or a beginner.

Are NordFX safe?

When choosing a broker like NordFX the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 13 years NordFX have a head office in Mauritius.

NordFX is regulated. This means NordFX are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to NordFX, this will be honored. If NordFX violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with NordFX?

Any payments funded to NordFX accounts by traders are held in a segregated bank account.

For added security NordFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should NordFX use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in NordFX deposited in a Tier 1 bank?

Having any money you deposit with NordFX means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if NordFX goes out of business for some reason.

Therefore, we can safely conclude that NordFX is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. NordFX also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding NordFX. let us look at the NordFX features in more detail.

Try creating two accounts when you are working with NordFX. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit NordFX

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How NordFX as a Company Compare Against Other Brokers

Broker NordFX eToro XTB IC Markets
Year Established 2008 2007 2002 2007
Head Office Mauritius Cyprus, UK Poland Australia
Regulation Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ NordFX users 20,000,000+ eToro users 250,000+ XTB users 180,000+ IC Markets users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit NordFX Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

NordFX review
NordFX Pros and Cons

What we like about NordFX

  • Used by over 10,000 NordFX users and traders
  • Established in 2008
  • Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
  • Min. deposit from $1

What we don't like about NordFX

NordFX review
NordFX Regulation and Licensing in more detail

We have checked and NordFX is regulated and supervised by reputable organisations. You are able to check every NordFX supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with NordFX. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect NordFX traders and provide a safe trading environment. Financial regulation and license approval is essential.

NordFX is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as NordFX you should be sure they're legitimate online agent.

Is NordFX Global?

Yes, NordFX is global as NordFX is available in over 194 countries.

NordFX is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries NordFX covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. NordFX has a total of more than 10,000 users. Commendable figures from NordFX.

NordFX review
NordFX Awards

NordFX have won numerious industry awards over the 13 years they have been operating as a financial broker. We list the most notible awards and mentions for NordFX below.

  • Saigon Financial 2019 Winner
  • Fxdailyinfo Awards 2019
  • Forex Awards Ratings Best Forex Broker Asia 2018 Winner
  • Forex Awards Ratings Best Social Trading Network 2018
  • Academy Masterforex-V 2018
  • Academy Masterforex-V Best Crypto Broker 2018
  • IAFT Awards Best Broker Asia 2018
  • Global Brands Awards Most Trusted CryptoCurrency Broker 2018
  • International Business Magazine Awards Best Broker for Trading Cryptocurrencies
  • Fxdailyinfo Awards Best News & Analysis Provider 2018
  • Forex Awards Ratings Best Crypto Broker Asia 2017
  • ShowFx World Most Reliable Broker 2017
  • Forex Expo Awards Best 24/7 Customer Service 2016
  • IAIR Awards Best Broker Forex Trading India 2016
  • China Forex Expo Awards Best Micro Forex Broker 2014
  • MENA 12th Forex Show Best Forex Arabic Platform 2013
  • 7th Guangzhou International Investment & Finance Expo Best Forex Broker Trading China 2011

NordFX review
NordFX Fees Explained

  • NordFX doesn't charge withdrawal fees
  • NordFX does not charge a fee for inactive accounts.
  • NordFX doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How NordFX Fees Compare Against Other Brokers

Broker NordFX eToro XTB IC Markets
Min Deposit 1 200 0 200
Withdrawal Fees No Yes varies No
Inactivity Fees No Yes Yes No
Deposit Fees No No No Varies
CFD Commission Fees Yes Yes Yes Yes

NordFX Minimum Deposit

NordFX require a minimum desposit of 1 GBP/USD when opening an NordFX trading account.

A minimum deposit is the minimum amount of money required by NordFX to open a new online brokerage account with them.

Dont be scared off by brokers like NordFX charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

NordFX Withdrawal Fees

NordFX doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

NordFX for example allow you to withdraw your funds to Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI.

NordFX Inactivity Fees

NordFX does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

NordFX Desposit Fees

NordFX does not charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

NordFX Commission Fees

NordFX does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

NordFX review
What can you trade with NordFX?

Be aware that Different entities under NordFX Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with NordFX over 50 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets NordFX offer over currency pairs.

Compare NordFX with eToro and XTB below.

Losses can exceed deposits

How NordFX Trading Options Compare Against Other Brokers

Broker NordFX eToro XTB IC Markets
Instruments Available 50 2000 4000 232
Platforms MT4, MT5, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies        
Forex pairs offered 50 57 65
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes
Exotic Forex pairs Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 21 19
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 2042 1696 110
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit NordFX
Losses can exceed deposits
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit XTB
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Visit IC Markets
Losses can exceed deposits

NordFX review
Trading on NordFX web platforms and other applications

NordFX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

NordFX also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See NordFX's platforms

Is the NordFX Trading Platform Secure?

NordFX safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. NordFX also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating NordFX.

NordFX Trading Platform Options

Once you have logged into your NordFX account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)

NordFX does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options NordFX gives you.

NordFX review
NordFX MetaTrader 4 (MT4)

NordFX MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with NordFX. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with NordFX in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. NordFX MetaTrader 4 is compatible with the latest macOS Mojave. NordFX allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on NordFX

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade NordFX MetaTrader 4 on IOS Devices

You can download the NordFX app or also trade with NordFX through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade NordFX MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. NordFX provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android NordFX MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade NordFX MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

NordFX MetaTrader 4 Advanced Trading Tools

The NordFX advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. NordFX offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade NordFX MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

NordFX MetaTrader 4 & MetaTrader 5 AutoChartist

NordFX Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

NordFX review
NordFX MetaTrader 5 (MT5)

NordFX MetaTrader 5

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade NordFX MetaTrader 5 WebTrader

Access your NordFX MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

NordFX review
NordFX MT5 Buying and Selling

IC Markets MetaTrader 5 Buying and Selling

NordFX MetaTrader 5 on IOS Devices

NordFX MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. NordFX MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

NordFX MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to NordFX trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

NordFX Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

  • Financial instrument quotes
  • View in depth price charts of financial instruments
  • Manage trades and open positions
  • View your trading history
  • View market news
  • MetaTrader internal messaging
  • View and research market statics of NordFX financial instruments
  • Position opening and closing
  • Lookup symbols in the quotes section
  • Display of deals on graphs
  • Timeframe selection for graphs and charts
  • Additional vertical scaling of graphs
  • Capability to transfer accounts to other devices using QR codes
  • Information is available only if it's supplied by NordFX
  • Access the OTP generator through FaceID or fingerprint

NordFX MetaTrader 5 Advanced Trading Tools

NordFX MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

  • Depth of market bids and asks
  • Price Data
  • Margin Calculation, Futures, Forex
  • Advanced Techincal Analysis
  • One click trading
  • Spreads
  • Futures
  • Trading Reports

NordFX Trading benefits

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

NordFX Trading Accounts Offered

Below we give an overview on the account types that NordFX offer. Whatever you are looking to trade the varying NordFX account types will be able to provide you with what you need.

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • STP account
  • Islamic account

Can I try NordFX before I buy?

NordFX offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

NordFX withdrawal and funding methods

Please note that the list of NordFX payment methods below depend on the NordFX Entity and the Clients Country of Residence.

All available NordFX payment methods available to you can be found in your NordFX members area checked on the NordFX website.

NordFX offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about NordFX

NordFX Payment Methods

  • NordFX accepts Bank Transfer
  • NordFX accepts Neteller
  • NordFX accepts PerfectMoney
  • NordFX accepts WebMoney
  • NordFX accepts FasaPay
  • NordFX accepts CashU
  • NordFX accepts Payza
  • NordFX accepts QIWI
Broker NordFX eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes No
Neteller Yes Yes Yes Yes

*please note available NordFX and other broker payment methods depend on the clients country of residence.

How can I start trading with NordFX?

When opening a trading account with NordFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on NordFX trading platforms here. You will need to provide some basic documentation to prove your identity as part of NordFX onboarding and normal KYC identity checks. These checks are standard practice and help NordFX provide a safe financial environment for their 10,000 users.

Losses can exceed deposits

Performing trades with NordFX

NordFX allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As NordFX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

CFD Trading on NordFX

let's take a look at some of the basics of using NordFX leverage.

NordFX offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

NordFX leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the NordFX trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The NordFX leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

NordFX CFDs are typically used for short to medium term trades. For example NordFX intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Education resources at NordFX

To trade effectively with NordFX, it's important to get a have a good understanding of the NordFX trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with NordFX and externally.

NordFX offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with NordFX.

Take time to look around the NordFX platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at NordFX

As part of our NordFX review we review customer service options, response times and NordFX trading platform problem resolution effectiveness.NordFX support a wide range of languages including Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian.

NordFX have a A grade support rating because NordFX offer over three languages.

Livechat Support at NordFX

NordFX does not offer LiveChat Support.

Email Support at NordFX

We sent several emails to NordFX and answer times overall were excellent. The fastest response from NordFX was less than 40 minutes and the slowest response was 9 hours. Support response times may vary for you with NordFX, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall good email support from NordFX.

Phone Support at NordFX

NordFX does not offer Phone Support.

See how NordFX Support Compares Against Other Brokers

Broker NordFX eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian English, German, Spanish, French, Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit NordFX Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 67% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits

What you will need to open an account with NordFX

As NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under NordFX Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore NordFX's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with NordFX you can visit the NordFX trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://nordfx.com/ on July 21, 2021.

Watch this NordFX Explainer Video

Is NordFX A Good Broker?

We spent over 3 months examining NordFX in depth. Although NordFX are not perfect we found many really useful aspects with the overall offering from NordFX. Our personal experience of trading with NordFX was very good. Weighing up many points NordFX is a good broker.

  • NordFX have a good track record of offering Forex.
  • NordFX has a history of over 13 years.
  • NordFX has a reasonable sized customer support of at least 10.
  • NordFX are regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13. This means NordFX fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • NordFX have regulation from a Tier 1 reputable country.
  • NordFX has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • NordFX have an international presence in multiple countries. This includes local NordFX seminars and training.
  • NordFX are able to hire people from various locations in the world who can better communicate in your local language.

NordFX Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

NordFX not quite right?

If after reading this NordFX review, NordFX does not fulfill your needs check out these NordFX Alternatives.

Click here to view the best NordFX Alternatives

We have spent years researching the best alternatives to NordFX. Click the links below to learn more.

If you feel some of the above NordFX are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of NordFX alternatives below.

Related NordFX Vs Comparisons

We have covered allot in this NordFX review, If you want to see how NordFX compares side by side with other brokers check out our NordFX Vs pages.

If you would like to see how NordFX stands up against other brokers you can read some of our NordFX comparisons below. We compare side by side some of our top rated NordFX versus comparisons. Read our indepth NordFX VS pages below.

NordFX review
NORDFX Frequently Asked Questions

Read our detailed NordFX FAQ Section updated for 2021.

Can I try NordFX before I buy?

NordFX offer a demo account so you can try the NordFX platform with virtual trading before you put down a payment. Virtual trading with NordFX is zero risk. Learn more here

What funding methods do NordFX accept?

Please note that the list of payment methods below depend on the NordFX Entity and the Clients Country of Residence.

NordFX offer the following funding payment methods Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI, among other payment methods.
Learn more here

Losses can exceed deposits

Is NordFX safe?

NordFX are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), License No: 209/13. Any payments funded to NordFX accounts by traders are held in a segregated bank account. For added security NordFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Losses can exceed deposits

Is NordFX trading good?

NordFX is considered good and reputable to trade with NordFX. NordFX is used by over 10,000 active traders and NordFX users. NordFX offers Forex trading. Minimum deposit with NordFX is 1.

Is NordFX trading Legit?

NordFX was founded in Mauritius in 2008. NordFX has been facilitating trade on the financial markets for over 13 years. NordFX offers clients Forex trading. All funds deposited to NordFX are held in segregated tier 1 bank accounts for security. NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 so can be considered legit.

Is NordFX a good broker?

NordFX is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 so can be considered a good broker. NordFX allows Forex trading.

Is NordFX trustworthy broker?

NordFX can be considered trustworthy. All money funded to NordFX is placed into a segregated tier 1 bank account. this means your money in not held by NordFX directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.

What is the minimum deposit for NordFX?

The minimum deposit to trade with NordFX is 1.

How long do NordFX withdrawals take?

Withdrawing money from NordFX processing time varies but averages 2-5 days.

Is NordFX regulated?

NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13. Regulatory bodies conduct regular reviews and audits as part of NordFX maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is NordFX a market maker?

NordFX is a market maker. Stocks, currency and other commodities and instruments will be purchased by NordFX even if no buyer is lined up.

How can I start trading with NordFX?

When opening a trading account with NordFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on NordFX trading platforms here.

Is my money safe with NordFX?

NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13. One of the most important criteria for traders when choosing a broker like NordFX is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to NordFX, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is NordFX a con?

NordFX is regulated and well established having been in business for over 13 years. NordFX is definitely not a con.

Can you make money with NordFX?

Although traders have had great success with NordFX. Trading on the financial markets with NordFX is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does NordFX have fees?

NordFX doesn't charge withdrawal fees. NordFX doesn't charge inactivity fees. NordFX doesn't charge deposit fees.

When was NordFX founded?

NordFX was founded in 2008.

How many people use NordFX?

NordFX is used by over 10,000 registered NordFX users.

What is NordFX Headquarters country?

NordFX has its head quarters office in Mauritius.

Does NordFX offer negative balance protection?

NordFX does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does NordFX offer guaranteed stop loss?

NordFX does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does NordFX allow scalping?

NordFX offers scalping.

Does NordFX allow hedging?

NordFX offers hedging.

Does NordFX offer CFD trading?

NordFX offers CFD trading.

Does NordFX offer STP?

NordFX offers STP trading.

How many people use NordFX?

NordFX is used by over 10000 NordFX users and traders.

Is NordFX an ECN broker?

NordFX offers ECN trading.

Does NordFX offer a demo account?

NordFX offers a demo account.

Does NordFX offer an Islamic account?

NordFX offers a Islamic accounts.

What are the funding methods for NordFX?

Please note that funding methods and funding options available with NordFX can be found in the NordFX Members area and depend on the NordFX client’s country of residence. Please check your specific available payment methods on the NordFX website. NordFX accept the following funding methods : Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI.

NordFX review written by Andrew Blumer and Mark Hansen

We hope you found our review of the NordFX brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

NordFX review written by Mark Hansen of Comparebrokers.co