NordFX is a broker with an established history. It is fully licensed and regulated by the Dealers In Securities Licensing Act to offer real money trading on a wide range of market instruments. The company makes it quick and easy for new clients to register and start trading, with no need to pay a visit to a land-based office or brokerage to conduct your trading activity. You can complete all information transfers online and verify via email. Additionally, this Forex brokerage offers spreads on major FX pairs from as little as 0.2 – 2 pips.
This can reduce your overall costs and increase your profitability. At the time of writing, there were an estimated 37 FX pairs (majors, minors, and exotic pairs), as well as 6 different account types. With NordFX, clients get to enjoy full mobile functionality on Android and iOS devices, in addition to PC and Mac functionality. Speed of transactions processing is another feather in its cap, with execution times of just 0.5 seconds. The range of promotions, bonuses, educational resources and training material is also worthy of mention.
Multiple account types are available at NordFX. These include the following 3 account options:
Fix – the minimum deposit is $10 and spreads are as low as 2 pips. Clients can enjoy leverage of 1:1,000 and your account balance is held in multiple currencies including US dollars, Ethereum, and Bitcoin. Quotes to 4 digits are provided. This trading account features commodities like gold and silver, and 28 currency pairs. This account type is available in a demo account option as well.
Pro – the Pro account requires a minimum deposit of $50, and spreads are significantly lower than the Fix account at just 0.9 pips. Credit leverage is 1:1,000, and account balances can be held in US dollars, Ethereum, and Bitcoin. Quote precision up to 5 decimal points is provided. With this account type, clients have access to 33 currency pairs, gold, silver, and digital currencies.
Zero – the Zero account requires a minimum deposit of $100. The benefit of using this account for Forex trading is that the spread is as low as 0.0 pips. Credit leverage of 1:1,000 is provided, and accounts can be held in US dollars, Ethereum, and Bitcoin. Quote precision is up to 5 digits, and the commission is up to $4.50 per lot in each side. With this account type, there are 33 currency pairs, gold, silver, digital currencies, and ECN liquidity.
Each of these account options can be traded with MetaTrader 4, on PC, Android, and iOS devices.
Trading Platform/ software
NordFX offers MetaTrader 4, and MetaTrader 4 multiterminal. These are the premier Forex trading platforms, and they provide new traders and experienced traders with all the tools and resources needed to successfully trade under real market conditions. The benefits of each of these platforms include the following:
MetaTrader 4 (MT4) – trade Forex and precious metals across multiple time frames with instant executions of trades. Traders can apply multiple trading strategies, and even test scripts and economic indicators. A wide range of technical and analytical tools can be used, in addition to real-time streaming newsfeeds.
MetaTrader Multiterminal – MT4 multiterminal is geared towards traders and/or managers with multiple accounts. This allows for simultaneous executions of trades within the ambit of a user-friendly interface and full trading functionality. Clients can place buy/sell orders manually or automatically for each of these account options. Secure socket layer technology, encryption, and advanced security measures protect the integrity of client accounts on MT4 multiterminal.
Multiple options are available for deposit purposes. Accounts can be funded with crypto wallets through Bitcoin and Ethereum. Other options include bank transfer in Russian Roubles, EUR, or US dollar. The transfer times are 3 – 5 business days. Bankcards such as Visa and MasterCard are available with instant deposits. Online payment systems cover the full spectrum of instant-deposit option such as DCPay, cashU, DixiPay, FasaPay, Alfa-Click, Payza, Perfect Money, NETELLER, Skrill, QIWI, and WebMoney. Various online exchange services are provided, including OnPay.ru, and Z-Payment. It’s important to remember that this Forex brokerage does not charge any fees for deposits or withdrawals, however the bank/financial institution may impose charges on clients.
NordFX investment products include capital protection products and fixed returns products. Clients can choose their preferred investment by value, or by the term of the investment. Values are categorized according to 3 distinct price groups ($0 – $2,000, $2,000 – $4,000, and $4,000 – $10,000). The term of the investment includes 0 – 90 days, 91 days – 180 days, and 180 days +.
Investments include the following stocks: Nvidia, Microsoft, Hewlett-Packard, Tesla, Twitter, Snapchat, Trip Advisor, Hertz, GoPro, iron and the like.
Currency pairs include the following 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 others.
Metals include XAU/USD, and XAG/USD.
NordFX offers a series of bonuses and promotions to new traders and existing traders. The 55% bonus on deposit is available when you fund your account with at least $100 up to maximum of $8,000. You will be eligible for a trading bonus valued at $4,400. Clients who refer their friends to NordFX are eligible for 10% of the friend’s deposit, when qualifying criteria are satisfied.
By clicking on the Contacts tab on the top left of the screen, you’ll be redirected to the customer support page. Traders can choose the department, enter their name, email and subject, and submit a message to the customer representatives. The following countries offer full-fledged support to clients:
- 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 also offers a full social media coverage on Facebook, Twitter, VK.com, G +, Instagram, LinkedIn, Pinterest, YouTube and more.
Safety and security measures are in place to ensure that clients can enjoy hassle free trading at all times. The platform is Comodo secure, and fully regulated by the Vanuatu Financial Services Commission. It is important to understand that this brokerage does not provide segregated accounts.
Ease of Use
NordFX is user-friendly, and the entire platform is designed with customers in mind. The categories are easy to follow and understand. There of 5 broad sections available to traders, including About Us, Trading Accounts, Platforms, Tools, and Education. Once you have registered an account and verified your personal information, you can get started with MetaTrader 4 or MetaTrader 4 multiterminal.
This Forex brokerage offers at least 3 dozen currency pairs (major, minor, and exotic pairs) in addition to several metals, stocks and cryptocurrency options. The MetaTrader 4 platform, and the VFSC licensing and regulation add credibility to the services provided by this broker.