NordFX
- Information
- Parameters
- Types of accounts
- Reviews (2)
NordFX is an international Forex broker founded in 2008 and located in the Republic of Vanuatu, whose activities are regulated by the Vanuatu Financial Services Commission (VFSC). For more than 10 years of experience, the company has received more than 50 awards. The number of accounts opened by traders from 190 countries exceeded 1.5 million. In addition to Forex trading, the broker also offers investment portfolios, PAMM accounts and copy trading services. NordFX accepts clients from all over the world, with the exception of the United States and some jurisdictions where restrictions apply.
NordFX – a regulated broker?
NordFX is a forex and CFD trading brokerage company based in Vanuatu, a popular offshore jurisdiction located off the east coast of Australia. NordFX, like all Forex brokers in Vanuatu, is regulated by the Vanuatu Financial Services Commission (VFSC).
Although some argue that trading with brokers registered in offshore jurisdictions involves great risks, many traders also appreciate the simpler registration and verification procedures that these brokers use. In addition, offshore Forex brokers usually offer much higher leverage. In the case of NordFX, the maximum leverage is set to 1:1000, which allows you to trade with minimal capital.
What types of accounts does NordFX offer?
As for the account types, NordFX offers a choice between three types of trading accounts:
- Fix. An account with fixed spreads of 2 points and a minimum deposit of only $10.
- Pro. This account has floating spreads starting from 0.9 pips and a minimum deposit of $ 250.
- Zero. ECN account with a minimum deposit of $ 500, narrow spreads from 0 points and a commission of 0.0035% per transaction (on each side).
In addition, the brokerage company NordFX offers a unique Savings account developed on the basis of DeFi technology. It allows you to receive passive income up to 30% per annum and take a loan at 3% per annum for Forex trading. The minimum deposit for opening an account is $500. The stablecoin Tether (USDT) is used as the account currency, the exchange rate of which is equal to the real exchange rate of the US dollar.
PAMM trading
NordFX is one of the few brokers that offers PAMM accounts. This is an investment service that allows investors to earn money by transferring funds to PAMM account managers, and they, in turn, receive good commissions for successful trading. If you have a working strategy, but no capital, then you can open a PAMM account as a manager and attract investors, showing good profitability. If you have the funds, but there is no strategy or time for trading, then you can become an investor by choosing the best PAMM accounts from the rating.
NordFX Investment Funds
This is a simple and transparent way to invest in shares of the world's leading companies, accessible even to beginners with a small capital. NordFX offers several investment funds with a minimum investment amount of $ 500 and an investment period of 3 months to 1 year.
NordFX Trading Platforms
The NordFX broker offers to trade on the popular MetaTrader 4 (MT4) platform. Despite the fact that it was released back in 2005, MT4 is still the most popular platform, largely due to the wide selection of trading robots (Expert Advisors) that are available exclusively for this platform.
Trading instruments
Trading instruments available on NordFX include more than 30 currency pairs, popular precious metals, 11 major cryptocurrencies, as well as CFDs for oil, stock indices and stocks.
What is the minimum deposit in NordFX?
The minimum deposit in NordFX is $10. You can top up your account by bank transfer, Visa / MasterCard credit and debit cards, and WebMoney, Skrill, Neteller, Perfect Money, etc. e-wallets.
Conclusions
NordFX can be a good choice for traders who are looking for high leverage on Forex. Moreover, the broker offers ECN accounts with narrow spreads, PAMM accounts, social trading, a savings account and investment funds. It is also worth bearing in mind that although this broker is regulated, traders should not expect the same level of client protection as in the EU, UK, USA and Australia.
Before choosing a broker, we recommend that you read the reviews of NordFX, as well as see our rating of Forex brokers.
| General information of NordFX | |
|---|---|
| Broker's Name | NordFX |
| Year of foundation | 2008 |
| Headquarters | Vanuatu |
| Regulation | VFSC |
| Trading Platforms | MT4 |
| EURUSD Spread | 0.9 pips |
| Demo account | + |
| Minimum deposit | 10$ |
| Base currencies | USD, BTC, ETH, USDT |
| Maximum leverage | 1:1000 |
| Assets | Currency pairs, metals, indices, stocks, cryptocurrencies |
| Deposit replenishment | BankTransfer, Visa/MasterCard, WebMoney, Skrill, Neteller, Perfect Money |
| Withdrawal fee | — |
| Payment for inaction | — |
| Islamic accounts | + |
| Segregated accounts | — |
| PAMM accounts | + |
| Partner account | + |
| Scalping | + |
| Automatic trading | + |
| Mobile trading | + |
| Web Terminal | + |
| Social trade | + |
| Signals | + |
| VPS | + |
| Deposit bonuses | + |
| Contests | + |
| Support 24/5 | + |
- Year of foundation 2008
- Head Office address Pot 805/103 Rue D'Auvergne, Port Vila, Vanuatu
- Maximum leverage 1:1000
- Min. deposit $10
- Regulation
- Trading Platforms
- Payment systems for input Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller, Perfect Money
- Payment systems for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller, Perfect Money
- Number of trading instruments 33
- Number of CFD instruments 100
- Number of metals 2
The range of trading instruments available is commendable. From major forex pairs to cryptocurrencies, NordFX offers a diverse selection, catering to various trading preferences. This variety has allowed me to diversify my trading strategies effectively.
Execution speed is another area where NordFX shines. Trades are executed swiftly, which is crucial in the fast-paced world of online trading. This efficiency minimizes slippage, ensuring that I get the prices I aim for.
Their customer support is also worth mentioning. Every time I've reached out with queries or issues, the response has been prompt and helpful. It's reassuring to know that there's a reliable support team backing you up.
However, I did find the educational resources somewhat limited, especially for beginners who might be looking for more comprehensive learning materials. Also, the withdrawal process can be a bit slow at times, which is an area that could see some improvement.
In summary, NordFX offers a streamlined and effective trading experience with a wide range of instruments and commendable customer support. While there's room for improvement in educational resources and withdrawal speed, it remains a strong choice for traders looking for a reliable online broker.
