NordFX Review

$5MIN. DEPOSIT
Up to 1,000:1
Up to 100%
NO DEP. BONUS
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NordFX
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Overview

Company Information NordFX can be described as an international brokerage house that provides corporate and individual customers with a complete set of tools and services for engaging in forex trading…. more

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Details

BrokerNordFX
Website URLhttp://nordfx.com/
Founded2008
HeadquartersEbene CyberCity, Mauritius
Support Number+91 120 4533777
Support TypesPhone, Live Chat
LanguagesEnglish, Russian, Chinese, Indonesian, Spanish, Arabic, Portuguese, Hindi, Farsi, Thai, Bengali
Minimum 1st Deposit$5
Minimum Trade Amount0.01
Maximum Trade AmountDepending on the trade terms
BonusUp to 100%
PayoutUp to 1,000:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Services Commission of the Republic of Mauritius
Account TypesMicro, Account 1:1000, MT-ECN, Standard, Standard-MT5, Premium
Deposit MethodsVisa, MasterCard, WebMoney, Skrill, Neteller, PayWeb, Payza, Bank Transfer, PerfectMoney, Dengi Online, Alfa Click, Yandex Money, LavaPay, AliPay, FasaPay, OKPay, cashU, DixiPay, FillsPay, VixiPay, EzeeBill, CSS System, DCPay, Z-Payment, OnPay.ru, Qiwi
Withdrawal MethodsVisa, MasterCard, WebMoney, Skrill, Neteller, PayWeb, PerfectMoney, Payza, Internal Transfer, Qiwi
Types of AssetsForex, Precious Metals
Account CurrencyRUB, USD, EUR, CNY, IDR, GBP
ECN Broker Yes
Scalping Allowed No
Managed No
Lowspread No
Forex Demo Contests Yes
Forex Live Contests No
US Traders Allowed No

Full Review

Company Information

NordFX can be described as an international brokerage house that provides corporate and individual customers with a complete set of tools and services for engaging in forex trading.

Always keeping abreast of contemporary technology in all its activities, the company expands its array of financial services and instruments on a regular basis and makes use of the most top-notch and up-to-date software solutions.

Incepted in 2008, NordFX is a brokerage that has acquired a reputable history. Account registration at the company is easy and very quick, there are 37 instruments for trading and 6 account types, as well as minimal spreads and supersonic order executions in 0.5 seconds.

Not only does the enterprise breathe quality software and cutting-edge information technology but it is also content to provide its avid investors with high-class customer services.

The MetaTrader 4 and 5, as well as their mobile apps, are at customers’ kind disposal at any time.

 

Trading Information

NordFX’s powerful selection of six (6) trading accounts provides for an excellent choice for any trader irrespective of his or her knowledge and expertise.

Micro account’s minimum deposit is just $5. It is defined by a credit leverage of 500:1 and the spreads are fixed, starting from 2 pips. Automated trading is allowed with this account whose Margin Call and Stop Out levels are 40% and 20%.

The Account 1:1000 has a whopping 1000:1 credit leverage. Its minimum deposit is again only $5, the spreads are fixed and commence from 3 pips, the Margin Call and Stop Out Levels amount to 40% and 20%, and automated trading is permissible.

MT-ECN account’s minimum deposit is $1,000, while its max leverage is 100:1. Floating spreads, commencing from 0 pips, 100% and 50% Margin Call and Stop Out levels, and automated trading are the other features of this account. There is also a commission depending on the turnover for a month.

The Standard account is characterised by a minimal deposit of $50, a credit leverage of 50:1, floating spreads, beginning at 1 pip, 40% and 20% Margin Call and Stop Out level, as well as automated trading.

The Standard-MT5 account bears the same characteristics as the Standard one with the difference that the Standard can trade gold and silver next to currencies which are the only choice for the MT5.

Lastly, Premium account holders need to credit the account with a minimum sum of $50,000 and they will enjoy individual customer services, reduced spreads for currency pairs, and a complementary debit card for convenient and quick withdrawals. For further information, head your request to an account manager.

A demonstration account for new-fangled users is also accessible at the company’s website.

 

Trading platforms

At NordFX, an investor has at his or her disposal the choice of MetaTrader 4 and 5, MultiTerminal, as well as mobile apps for both iOS and Android.

MetaTrader 4 is indubitably the most renowned trading platform on a global scale owing to the fact of the multitudes of integrated indicators and graphic tools. All order executions are executed in milliseconds which provides for a supersonic response and making timely decisions. The programming language MQL4 makes available a huge array of expert advisors and indicators, as well as constructing and testifying personal trading scripts and strategies. The principal advantages of the platform are the chance to use various time intervals, both instant and market execution, real-time tools for technical analysis and the possibility to receive news feeds from diverse information agencies. The only drawback is that the platform necessitates downloading.

MetaTrader’s latest version is the MetaTrader 5, which is equipped with marvellous opportunities for sophisticated trading, including 21 timeframes for trading, 39 graphical objects, 5 types of orders, 38 built-in indicators, numerous highly accurate MQL5 indicators, and an MQL5 development environment, which includes MetaTrader 5 Strategy Tester, MetaEditor 5, and MetaQuotes Language 5.

The MultiTerminal is envisioned particularly for managers and investors who operate more than a few accounts at the same time. Next to the standard MT4 features, it shines with a brilliant interface and securely transmits all data through the Advanced Security solution.

Trade on the go while you sip that mouth-watering lager with the Android and iOS apps of NordFX.

 

Security and Customer Services

The Financial Services Commission of the Republic of Mauritius is charged with the stringent regulation of NordFX and makes sure it complies with the highest international standards of security. The company, however, does not have segregated accounts, so that’s a thing to think about before making your choice.

NordFX prides itself on providing one of the most sophisticated customer support services and winning the 2016 Forex Expo Awards for best 24/7 customer service is a testament to that. Therefore, do not hesitate to contact the live help, e-mail addresses, and telephone lines of the forex firm should any obstacles appear during your trading activities.

Besides, the website of NordFX comes in English, Russian, Hindi, Bengali, Chinese, Spanish, Indonesian, Portuguese, Arabic, Thai, and Farsi.

 

Deposits and Withdrawals

In an effort to credit an account at NordFX, a customer may utilise Bank Transfers, MasterCard and VISA, Qiwi, Webmoney, PayWeb, Payza, Dengi Online, Skrill, AliPay, LavaPay, FasaPay, OKPAY, cashU, FilsPay, EzeeBill, VixiPay, DCPay, DixiPay, Alfa Click, CSS System, Z-Payment, and OnPay.ru. The transfer period for all payment options save for Bank Transfers (3-5 business days) is instant. For most methods, there is no fee, but a couple of them have. The account currencies are USD, RUB, CNY, RUB, UAH, and GBP.

The choice for withdrawing from NordFX is more limited than that for depositing. These methods comprise of Bank Transfers, VISA and MasterCard, WebMoney, Skrill, Payza, Perfect Money, PayWeb, Qiwi, Skrill, NETELLER, and Internal Transfers. The transfer period for the online payment systems is within one (1) working day; for credit cards, it’s from five (5) to six (6); and for Bank Transfers, this period is from three (3) to six (6) business days. Only internal transfers, Qiwi, NETELLER, and PayWeb do not charge extra fees – all others do.

 

Deposit Bonus and Loyalty Programmes

Having gained the award “The World’s Best Bonus Program” in 2013, you should expect wonderful promotions from NordFX. There are no deposit or welcome bonuses, but the company’s affiliate programme is absolutely amazing. For every transaction which your client makes, the forex firm will offer you a 30% spread. This percentage can be lower or higher contingent upon your status.

 

 

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