Are you seeking a reliable forex broker with competitive spreads and advanced trading platforms? NordFX might just be the platform you're searching for.
Established in 2008, NordFX broker as an award-winning company has built a solid reputation in the online trading industry by offering spreads starting from 0 and popular trading platforms [MT4/MT5].
Let's see what this comprehensive NordFX review has to help you decide if the broker fits your trading needs.
NordFX Information & Regulations
NordFX is a trusted global forex broker that has been serving traders for over 16 years. Founded in 2008, the company has become a major online trading player, boasting over 1.7 million client accounts across 190 countries.
NordFX's longevity and widespread adoption speak volumes about its reliability and the quality of its services.
NordFX operates without regulation from any recognized financial authority, which raises concerns about transparency and client protection.
The absence of oversight means that traders should be cautious, as there are no strict guidelines or industry best practices governing the broker's operations.
This lack of regulation can lead to increased risks for traders who may not have the same level of security and recourse as those dealing with regulated brokers.
NordFX Broker Summary of Specifics
Let's take a closer look at what makes NordFX stand out in the crowded forex broker landscape:
Broker | NordFX |
Account Types | MT4 Zero, MT4 Pro, MT5 Zero, MT5 Pro |
Regulating Authorities | Not regulated |
Based Currencies | USD |
Minimum Deposit | $10 |
Deposit Methods | Bank wire transfer, Credit/debit cards, E-wallets, Cryptocurrencies |
Withdrawal Methods | Bank wire transfer, Credit/debit cards, E-wallets, Cryptocurrencies, Internal Transfer |
Minimum Order | 0.01 |
Maximum Leverage | 1:1000 |
Investment Options | PAMM accounts |
Trading Platforms & Apps | MT4 / MT5 |
Markets | Crypto, Metals, FX Currencies, Energies, Indices & Stocks |
Spread | From 0.0 |
Commission | From 0 (0,0035% per trade for Zero accounts) |
Orders Execution | Market |
Margin Call/Stop Out | 40%/20% for Pro, 60%/40% for Zero |
Trading Features | CopyTrading, Demo account |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, Phone Number |
Customer Support Hours | Working hours |
NordFX offers comprehensive trading services catering to novice and experienced traders. The broker's competitive edge lies in its diverse account types, high-leverage options, and tight spreads.
NordFX Account Types
NordFX offers a range of account types to suit different trading styles and experience levels. Here are the account options:
- MT5 Pro Account:
- Minimum deposit: $50;
- Spreads from:0 pips;
- Maximum leverage: 1:1000;
- Commission: No commission.
- MT5 Zero Account:
- Minimum deposit: $200;
- Spreads from 0 pips;
- Maximum leverage: 1:1000;
- Commission:0035% per trade.
- MT4 Pro Account:
- Minimum deposit: $10;
- Spreads from:0 pips;
- Maximum leverage: 1:1000;
- Commission: No commission.
- MT4 Zero Account:
- Minimum deposit: $100;
- Spreads from 0 pips;
- Maximum leverage: 1:1000;
- Commission:0035% per trade.
All account types provide access to various trading instruments, including forex pairs, cryptocurrencies, metals, indices, and stocks.
Traders can choose between MT4 and MT5 platforms, allowing them to select the interface they're most comfortable with.
NordFX Advantages and Disadvantages
Like any broker, NordFX has its strengths and weaknesses. Let's break them down:
Advantages | Disadvantages |
Competitive leverage up to 1:1000 | Limited research and educational resources compared to some competitors |
Negative balance protection | Only offers MT4 and MT5 platforms, no proprietary options |
Multiple account types to suit different needs | Restricted access for traders from certain countries (e.g., US, Canada, EU) |
Industry-leading MT4 and MT5 platforms | No regulations |
Tight spreads from 0.0 pips on Zero accounts | |
Passive income opportunities through investment funds and PAMM accounts | |
24/5 multilingual customer support |
Signing Up & Verification: Complete Guide
It’s so straightforward to open an account with NordFX. Here's a step-by-step guide:
- Visit the official NordFX website and click on "Open an Account";
- Fill in the registration form with your details;
- Choose your preferred account type (MT4 Pro, MT4 Zero, MT5 Pro, or MT5 Zero);
- Accept the terms and conditions;
- Log in to your new account;
- From your profile, click on “Upload Documents”;
- Choose the type of the docs and send them (Proof of Identity & Address).
The verification process typically takes 1-2 business days. Once your account is verified, you can access all NordFX trading features and start exploring the markets.
Trading Platforms
NordFX offers two of the most popular trading platforms in the forex industry:
- MetaTrader 4 (MT4):
- Industry-standard platform;
- User-friendly interface;
- Advanced charting tools;
- Expert Advisors (EAs) support;
- Mobile trading app available.
- MetaTrader 5 (MT5):
- Next-generation platform;
- Enhanced analytical tools;
- More timeframes and pending order types;
- Integrated economic calendar;
- Improved back-testing capabilities.
Both platforms provide:
- Real-time quotes;
- One-click trading;
- Multiple order types;
- Customizable interface;
- Extensive indicator library;
- Automated trading capabilities.
NordFX ensures that traders access robust, reliable platforms catering to various trading styles and strategies. To simplify your job, here are the MetaTrader4/5 links given below:
- MT4;
- MT5.
Spreads and Commissions explained
NordFX offers competitive pricing structures across its account types:
- Pro Accounts: Spreads start from 10.0 pips with no additional commission;
- Zero Accounts: Spreads from 0 pips with a small commission of 0.0035% per trade.
The Zero accounts provide direct access to liquidity providers, offering institutional-grade spreads. This makes NordFX particularly attractive for high-volume traders and scalpers.
It's noteworthy that spreads can widen during high market volatility or low liquidity. Additionally, overnight positions may incur swap fees, which vary depending on the instrument and direction of the trade.
Deposit & Withdrawal System
NordFX offers a wide range of payment options to cater to its global client base:
- Deposit methods:
- Bank wire transfer;
- Credit/debit cards (Visa, Mastercard);
- E-wallets (Skrill, Neteller, Perfect Money);
- Cryptocurrencies (Bitcoin, Ethereum, Tether).
- Withdrawal methods:
- Bank wire transfer;
- Credit/debit cards;
- E-wallets;
- Cryptocurrencies;
- Internal Transfer.
Key points:
- Most deposits are processed instantly;
- Withdrawals are done within 24 hours;
- Minimum deposit varies by account type (from $10);
- No fees charged by NordFX for deposits or withdrawals (third-party fees may apply).
The diverse payment options and quick processing times make funding and withdrawing from your NordFX account a hassle-free experience.
Copy Trading & Investment Options
NordFX provides several options for traders looking to diversify their investment strategies:
- Copy Trading:
- Automatically copy trades of successful traders;
- Choose from a selection of signal providers;
- Set risk parameters and allocation amounts;
- Monitor performance in real-time.
- PAMM Accounts:
- Invest in professionally managed accounts;
- Transparent performance tracking;
- Flexible investment terms.
These services allow novice and experienced traders to benefit from the expertise of successful traders and fund managers.
Tradable Markets & Symbols Overview
NordFX offers a diverse range of tradable instruments:
- Forex: 33+ currency pairs, including majors, minors, and exotics;
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more;
- Metals: Gold, Silver;
- Energies: Crude Oil, Natural Gas;
- Indices: S&P 500, NASDAQ, DJIA, and others;
- Stocks: CFDs on shares of major global companies.
This wide selection allows traders to diversify their portfolios and exploit opportunities across various markets.
NordFX Forex Broker Bonuses and Promotions
NordFX does not offer any bonuses or promotions, including deposit bonuses or sign-up bonuses. Traders looking for additional incentives, such as bonus capital or promotional offers, will not find these features with NordFX.
It's important for potential clients to be aware of this when considering their options, as other brokers may provide such benefits.
NordFX Broker Support
The broker provides comprehensive customer support:
- 24/5 multilingual support;
- Support channels: Email & phone call;
- Languages supported: English, Bangla, Hindi, and more;
You can contact the support team through these phone numbers:
- China
- Customer Service 1001: QQ 878920340;
- Customer Service 1002: QQ 2923517958;
- Customer Service 1003: QQ 1448329668.
- Europe: +357-25030262;
- India (हिन्दी, English): +972559662836;
- Philippines: +632 8538-1162;
- Sri Lanka (සිංහල, English): +357-25030262;
- Thailand: +66600035101;
- Dubai: +971526727105;
- Global Support: +44 2038688742;
- Bangladesh (বাংলা, English): +447458197795.
The broker's commitment to customer service ensures that traders can get assistance whenever needed, enhancing the overall trading experience.
NordFX Broker List of Restricted Countries
While NordFX serves clients from over 190 countries, it does have restrictions for some jurisdictions:
- United States;
- Canada;
- European Union countries;
- Russian Federation;
- Cuba;
- Sudan;
- Syria.
Traders from these countries cannot open accounts with NordFX due to regulatory restrictions.
NordFX Broker Trust Scores & Reviews
NordFX has garnered mixed reviews, with a TrustScore of 3.8 out of 5 from 40 reviews on Trustpilot.
The majority of users (55%) rate the broker 5 stars, highlighting positive experiences with services such as affiliate programs, dedicated account managers, and efficient trading and withdrawal processes.
There are also several 1-star reviews (10%) that criticize the broker for issues related to account access, withdrawal difficulties, and customer service response times.
Although some customers report smooth and satisfactory transactions, others claim their withdrawals were blocked or delayed, raising concerns about the reliability of NordFX’s financial processes.
- Positive Feedback:
- Good trading services, especially for BTC/USDT;
- No issues with deposits and withdrawals, as reported by long-term users;
- Affiliate program praised for its commission rates and daily withdrawals;
- Dedicated Relationship Managers available for all account sizes;
- Low spreads.
- Negative Feedback:
- Complaints about blocked withdrawals and frozen accounts;
- Delayed response from customer service, especially in resolving financial issues;
- Difficulty in using certain withdrawal methods like Binance Pay.
Education on NordFX Broker
The NordFX Learning Center offers a range of educational resources, making it a practical and accessible hub for traders looking to enhance their trading strategies.
One key feature of the learning center is its comprehensive Glossary, which helps new traders understand the terminology and concepts used in the financial markets.
Additionally, NordFX broker provides Useful Articles that cover a wide array of topics, from basic trading principles to advanced strategies, allowing traders to expand their understanding of the market gradually.
The platform also emphasizes the importance of understanding Trading Platforms like MT4 and MT5, offering guidance on how to navigate and utilize these tools effectively. Moreover, NordFX highlights the variety of Trading Accounts available, ensuring traders can match their learning and trading experience with the appropriate account type.
This education model promotes a structured learning approach, providing traders with the necessary theoretical knowledge and practical tools to succeed in Forex trading.
Conclusion and final words
In summary, NordFX stands out as a solid choice for traders seeking a reliable broker with competitive trading conditions (0 Spreads & leverage up to 1:1000).
NordFX broker’s long-standing reputation, diverse account types [Pro & Zero], and innovative investment options make it attractive to both beginners and experienced traders.
While it may have some limitations, such as restricted access in certain countries (Canada, USA, EU, Sudan, Syria, Russia, Cuba) and limited proprietary tools, NordFX's strengths in core trading services & customer support make it a broker worth considering.
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