Founded in 2008, NordFX is an online broker that offers forex and CFDs trading to 1.2 million clients from over 100 countries. They give traders the opportunity to trade on over 50 trading instruments across different asset classes, such as forex, commodities, cryptocurrency, stocks, indices, metals, and energies, and they provide clients with the renowned MetaTrader platforms.
The NordFX brand is owned by the NFX Capital Group. The global brand (www.nordfx.com) is operated by NFX Capital VU INC from Vanuatu, while the European brand (www.nordfxeu.com) is operated by NFX Capital CY Ltd, which is located in Limassol, Cyprus. The broker has been honored with 46 industry awards including the Best Micro Forex Broker at the 2014 China Forex expo awards.
NordFX Review Introduction
In this NordFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including NordFX.
NordFX Platforms & Tools
NordFX provides their clients with the MT4 and MT5 platforms. These platforms are the most widely used among forex and CFD traders. The MT4 trading platform is well accepted because of its array of tools, features, and simplicity. It can be downloaded from the NordFX website and installed on Windows or Mac computers.
The MT5 platform is very similar to MT4; it has more tools, capabilities, and extensions. However, NordFX is currently no longer providing the MT5 platform. Both MT4 and MT5 have mobile apps, which are user-friendly and replete with lots of features and tools. They are designed for iOS and Android devices and are downloadable from their respective app stores. There is also the MT4 Multi-terminal, which allows account managers to operate several accounts at the same time.
In addition to the trading tools built into the MetaTrader platforms, the broker provides clients with standalone trading tools, such as Trading Signals, Virtual Private Server (VPS), Trading Calculator, and more.
NordFX Research & Education
NordFX provides traders with a good selection of educational materials, which help them keep up to date with some of the latest market happenings. They include Market News & Analysis, Trading Video Tutorials, and Trading Glossary.
NordFX Trading Accounts
NordFX offers 3 different account types. The accounts are available in 3 currencies namely: USD, ETH, and BTC. The maximum leverage is 1:1000 for all accounts (EU residents are restricted to 1:30). The account types are NordFX Fix Account, NordFX Pro Account, and NordFX Zero Account. The minimum required deposit start from just $10 for the NordFX Fix account to $250 for NordFX Pro Account. Demo accounts are freely available for practice and strategy perfection.
NordFX Account Funding
NordFX accepts the following payment methods: bank transfer, credit and debit cards, and online payment methods, such as WebMoney, QIWI, Skrill, Neteller, PerfectMoney, Yandex, and PayToday. The transaction fees and the processing time may vary with the payment method.
NordFX Customer Service
The broker provides a multilingual customer support desk. They are available 24/5 and can be reached via web form, instant web chat, email, and telephone. They are also on social media channels: Facebook, Twitter, LinkedIn, and YouTube.
The global arm of the broker is regulated by the Vanuatu Financial Services Commission (VFSC), while the European arm is regulated by the Cyprus Security and Exchange Commission (CySEC) with license number 209/13.
NordFX Review Summary
NordFX is a multiple award-winning ECN broker. They offer raw ECN spreads starting from 0.0 pips and a $10 minimum deposit to commence live trading.
It is worth mentioning that some of the trading products and services in this NordFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the NordFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.