NordFX Review – is NordFX Scam or Legit Broker?

NordFX

1.6

Rating

1.6/5

Pros

  • Cryptocurrency residue options available
  • MetaTrader 4 along with MetaTrader 4 Multi Terminal
  • Vanuatu Financial Services Commission Licensing and Regulation
  • Demo trading programs

Cons

  • No Segregated Accounts
  • Not FCA Regulated
  • Limited Number of Financial Instruments

NordFX was created in 2008 and boasts an astonishing 1.2 million registered accounts. Traders from more than 100 countries today call NordFX home. It really is among those universe ‘s reputable trading platforms vis-vis shares, silver, gold, FX, and cryptocurrencies. This Forex brokerage is related to higher leverage (up to 1:1,000), instant executions of trades, along with low spreads. It’s likely to finance your accounts with BTC, ETH, and USD.
From the years after all beginning, NordFX has awakened an extraordinary 30 awards, also received accolades by the maximum industry police. Security and safety are at the top of the schedule together with NordFX, and that is clear with its own anti-money laundering (AML policy), COMODO secure SSL encryption, along with strict verification procedures which have been in place.

Overview/ desktop

NordFX is a broker using a proven history. It’s completely licensed and governed by the Dealers In Securities Licensing Act to provide RealMoney trading on a vast selection of marketplace tools. The business makes it fast and simple to get new customers to enroll and commence trading, without the requirement to pay for a trip to a cubicle workplace or brokerage to run your own trading actions. You’re able to finish all information transfers on the web and validate them through email. In addition, this Forex brokerage offers spread major FX pairs from no more than 0.2 – two pips.

This can decrease your current expenses and boost your profitability. During writing, there were also around 3-7 FX pairs (majors, minors, along with exotic pairs), in addition to 6 various account types. Together with NordFX, customers obtain to savor full cellular functionality on Android along with iOS apparatus, along with PC and Mac functionality. Speed of trades processing is another feather in its cap, and together with implementation times of only 0.5 minutes. The array of bonuses, promotions, educational tools and training stuff is worth mention.

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Account Types

Multiple account types are offered in NordFX. These contain the subsequent 3 accounts options:

Fix – that the deposit is $10 and spreads are low as two pips. Customers may enjoy the leverage of 1:1,000, as well as your balance, is stored in numerous currencies including US dollars, Ethereum, along with Bitcoin. Quotes to 4 specimens are supplied. This trading account includes commodities such as silver and gold and 28 money pairs. This account type is offered in a demo account option too.

Pro – that the Pro account usually requires a minimum deposit of 50, also spreads are somewhat lower compared to the Fix account in only 0.9 pips. Credit leverage is 1:1,000, and account balances might be stored in US dollars, Ethereum, and Bitcoin. Quotation precision up to 5 match points is provided. With this account type, customers have access to 3 3 currency pairs, silver, gold, and electronic monies.

Zero – that the Zero accounts usually require a minimum deposit of $100. The profit of utilizing this particular account fully for Forex trading is the spread is too little as 0.0 pips. Credit leverage of 1:1,000 is provided, and also balances are stored in US dollars, Ethereum, and Bitcoin. Quotation precision is left up to 5 minutes, and the commission is as much as $4.50 a lot on every side. With this account type, you can find 3 3 currency pairs, including silver, gold, digital monies, along with ECN liquidity.

Each of those account options might be traded with MetaTrader 4, either over PC, Android, along with iOS apparatus.

Trading Platform/ applications

NordFX offers MetaTrader 4, along with MetaTrader 4 multi-terminal. All these are the Forex trading platforms, plus so they provide new traders and expert traders together with of the resources and tools required to profitably trade under real marketplace requirements. The profits of all those systems comprise the next:

MetaTrader 4 (MT4) – trade Forex and gold and silver coins across multiple timeframes using prompt executions of trades. Traders can employ multiple trading strategies, and sometimes even examine scripts and financial indexes. A vast assortment of analytical and technical tools might be used, as well as realtime loading news feeds.

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MetaTrader Multiterminal – MT4 multi-terminal is aimed towards traders or managers with numerous accounts. This permits simultaneous executions of trades over the ambit of a userfriendly interface and also complete trading functionality. Customers may set buy/sell orders automatically for every one of those account options. Secure socket layer technology, security, and high-level security measures protect the ethics of client reports on MT4 multi-terminal.

Deposit options

Multiple options are offered for residue purposes. Accounts could be financed with crypto pockets through Bitcoin and Ethereum. Other options involve bank transport in Russian Roubles, EUR, or even US buck. The move intervals are – 5 business days. Bank-cards like Visa and MasterCard is found with instant deposits. Online payment methods cover the entire range of instant-deposit options like DCPay, cashU, DixiPay, FasaPay, Alfa-Click, Payza, Perfect Money, NETELLER, Skrill, QIWI, along with WebMoney. Various online exchange providers are given, for example, OnPay.ru, and Z-Payment. It’s essential to bear in mind this Forex brokerage doesn’t charge some fees for withdrawals or deposits, no matter how the bank/financial institution could impose charges on customers.

Markets

NordFX investment services and products include funding security services and products and mended yields services and products. Customers may choose their favorite investment with value, or by the period of their investment. Values are categorized in accordance with 3 different amount groups ($0 $2000, $2000 – $4,000, and $4,000 – $10,000). The duration of this investment comprises 0 – 3 months, 91 days – 180 days, and 180 days.

Investments comprise the following shares: Nvidia, Microsoft, Hewlett-Packard, Tesla, Twitter, Snapchat, Trip Advisor, Hertz, GoPro, iron and so on.

Currency pairs comprise the subsequent forex options: EUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY, GBP/JPY, NZD/JPY, EUR/NZD, NZD/CAD, USD/SGD, GBP/AUD and many others.

Metals Comprise XAU/USD, also XAG/USD.

Bonuses

NordFX provides a succession of promotions and bonuses to both fresh traders and current traders. The 55% bonus deposit is currently available once you finance your accounts with partially 100 around max $8,000. You’re going to be qualified to get a trading bonus valued at $4,400. Customers that refer their friends to NordFX meet the criteria for 10 percent of their friend’s deposit, even if qualifying criteria are happy.

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Customer Support

By clicking the Contacts tab at the top left of this screen, then you ‘ll be redirected to the consumer care page. Traders can decide on the section, input their name, subject and email, and also submit an application to the consumer agents. These nations provide full service to customers:

  • China – 86-108-405-3677
  • India – 91-120-453-3777
  • Russian Federation – 880-433-34516
  • Sri Lanka – 91-1204-533-768
  • Thailand – 666-000-24032

NordFX offers the whole social networking policy on Facebook, Twitter, VK.com, Instagram, LinkedIn, Pinterest, YouTube plus much more.

Safety

Safety and security measures have been in place to make certain clients may enjoy straight forward trading in any way times. The stage is Comodo stable and fully governed by the Vanuatu Financial Services Commission. It’s very important to see this brokerage doesn’t provide accounts.

Ease of Use

NordFX is userfriendly, and also the full platform is designed with clients in mind. The categories are simple to follow and comprehend. You can find 5 B road segments readily available to traders, for example About Us, Trading Accounts, Platforms, Tools, and Education. Once you’ve registered a free account and verified that your private info, you are able to obtain started using MetaTrader 4 or 4 MetaTrader 4 multi-terminal.

Final Thoughts

This Forex brokerage offers partially three dozen money pairs (major, minor( and exotic pairs) as well a number of metals, shares and also cryptocurrency options. The MetaTrader 4 stage, and also the VFSC law and licensing add authenticity to the services supplied via this broker.

Internet Site:
nordfx.com
Telephone:
86 108 4053677
Legislation:
Not Regulated
Pairs provided:
EUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY, GBP/JPY, NZD/JPY, EUR/NZD, NZD/CAD, USD/SGD, GBP/AUD
Minimum Deposit:
$50
Spreads From:
1 PIPs
Max Leverage:
200:1
Markets:
Cryptocurrency, Forex, metals, shares