Score
Saint Lucia
|
5-10 years
| https://nordfx.com/
Website
Rating Index
MT4/5
Full License
NordFX-Demo
Influence
A
Influence index NO.1
India 8.93
MT4/5 Identification
Full License
GermanyInfluence
A
Influence index NO.1
India 8.93 Saint Lucia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiResearch
Sri Lanka
nordfx.sc
nordfxindo.com
nordfx.com nordfx-chinese.com
VIP is not activated.| Quick NordFX Review Summary | |
| Founded | 2008 |
| Registered Country/Region | Vanuatu |
| Regulation | No license |
| Market Instruments | Currencies, commodities, shares & indices, cryptocurrencies |
| Demo Account | ✅ |
| Min Deposit | $10 |
| Leverage | Up to 1:1000 |
| EUR/USD Spread | Floating around 0 pips |
| Trading Platform | MT4/5 |
| Customer Support | Live chat |
| Regional Restrictions | USA, Canada, EU, Russian Federation, Cuba, Sudan, Syria, Malaysia, Panama, Indonesia |
NordFX is a forex broker that offers currencies, commodities, shares & indices, and cryptocurrencies for your personal investment and trading options. It was established in 2008 and is registered in Vanuatu. NordFX provides online trading platforms and free training. The MetaTrader platforms also provide automated trading and market signals. However, it currently does not have any valid regulation.
NordFX offers a wide range of financial instruments, providing traders with diverse trading opportunities. The availability of MetaTrader 4/5 across multiple devices enhances the convenience and accessibility of trading.
However, it is important to note that NordFX is an unregulated broker, which introduces higher risks to traders, especially regarding fund management and security. There have been reports of withdrawal issues, indicating potential challenges in this area.
| Pros | Cons |
| • Multiple trading assets and funding options | • No regulation |
| • Demo accounts available | • Reports of issues with withdrawals |
| • Low minimum deposit ($10) | • Clients from the USA, Canada, EU, Russian Federation, Cuba, Sudan, Syria, Malaysia, Panama, and Indonesia are excluded |
| • MT4/5 supported | |
| • Rich trading tools and educational resources |
NordFX Alternative Brokers
There are many alternative brokers to NordFX depending on the specific needs and preferences of the trader. Some popular options include:
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
NordFX currently has no valid regulations.
It is important to note that trading with an unregulated broker can be risky as there is no guarantee that the broker will act in the best interest of the trader. Regulated brokers are required to follow strict rules and regulations which are designed to protect traders from fraudulent activities.
NordFX provides a diverse range of market instruments for traders to choose from, including currencies, commodities, shares & indices, and cryptocurrencies.
| Trading Assets | Available |
| Currencies | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
NordFX provides traders with a variety of account options to suit their individual needs. They offer demo accounts, allowing traders to practice their strategies and familiarize themselves with the trading platform without risking real money.
For live trading, NordFX offers three main account types: Fix, Pro, and Zero. The Fix account has a low minimum deposit requirement of $10, making it accessible to traders with smaller capital. The Pro account requires a minimum deposit of $250 and provides additional features and benefits, such as lower spreads and access to a broader range of trading instruments. The Zero account, with a minimum deposit of $500, is designed for more advanced traders who require tight spreads and direct market access.
| Account Type | Min Deposit |
| Fix | $10 |
| Pro | $250 |
| Zero | $500 |
NordFX offers traders competitive leverage options, allowing them to amplify their trading positions. With leverage of up to 1:1000, traders can control larger positions in the market with a smaller amount of capital. This high leverage enables traders to potentially generate higher profits from successful trades.
However, it is important to note that while leverage can magnify profits, it also increases the risk of losses. Traders should exercise caution and carefully manage their risk when utilizing high leverage.
NordFX offers competitive spreads and commissions across its different account types. The Fix account has a spread starting from 2 pips, making it suitable for traders who prefer fixed spreads. The Pro account offers a tighter spread starting from 0.9 pips, appealing to traders who seek lower transaction costs. However, it's important to note that the Zero account stands out with a spread starting from 0.0 pips, providing traders with the potential for better pricing and reduced trading costs.
While the Fix and Pro accounts do not charge any commissions, the Zero account requires a commission of 0.0035% per trade on each side.
| Account Type | Spread | Commission |
| Fix | From 2 pips | ❌ |
| Pro | From 0.9 pips | ❌ |
| Zero | From 0.0 pips | 0.0035% per trade on each side |
Both the industry-leading MT4 and MT5 platforms are available at NordFX.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Desktop, Mobile | Beginners |
| MT5 | ✔ | Web, Desktop, Mobile | Experienced traders |
See the trading platform comparison table below:
| Broker | Trading Platforms |
 | MT4/5 |
 | MT4/5, cTrader, TradingView |
 | MT4/5, WebTrader, MobileTrader, StocksTrader |
 | MT4/5, AvaTrade Mobile App, Mobile WebTrader, AvaSocial, AvaOptions, DupliTrade |
NordFX accepts payments via Bank Transfer, Bank Cards, Online Payment Systems, Online Exchange Services, and Internal Transfer.
Base Currencies:
USD, EUR, CNY, IDR, GBP, VND, THB, PHP
NordFX minimum deposit vs other brokers
| NordFX | Most Other | |
| Minimum Deposit | $10 | $100 |
The minimum deposit requirement is set at a low amount of $10, making it accessible for traders of different levels.
Most deposits are free of charge and processed instantly, allowing traders to quickly start trading. Withdrawals are typically processed within 1 business day, ensuring efficient access to funds. However, it's important to note that withdrawal fees may vary depending on the chosen withdrawal method.
NordFX provides a range of educational resources to support traders in their journey. They offer comprehensive information and resources on various topics, including Forex trading, through their dedicated Forex section. Traders can access a glossary that helps them understand key trading terms and concepts. Additionally, NordFX has a learning center that offers educational materials, tutorials, and guides to enhance traders' knowledge and skills. They also provide useful articles that cover market analysis, trading strategies, and other relevant topics.
In conclusion, NordFX offers a wide range of financial instruments, competitive trading conditions, and multiple trading platforms, making it an attractive choice for traders. However, it is important to note that NordFX is an unregulated broker, which may raise concerns regarding the safety of funds and overall credibility. Traders should exercise caution and carefully evaluate the associated risks before deciding to trade with NordFX. It is recommended to conduct thorough research, seek additional information, and consider alternative regulated brokers that provide stronger regulatory oversight and investor protection.
| Q 1: | Is NordFX regulated? |
| A 1: | No. |
| Q 2: | At NordFX, are there any regional restrictions for traders? |
| A 2: | Yes. NordFX does not offer its services to residents of the following jurisdictions: the USA, Canada, EU, Russian Federation, Cuba, Sudan, Syria, Malaysia, Panama, and Indonesia. |
| Q 3: | Does NordFX offer demo accounts? |
| A 3: | Yes. |
| Q 4: | Does NordFX offer the industry leading MT4 & MT5? |
| A 4: | Yes. Both MT4 and MT5 are available. |
| Q 5: | What is the minimum deposit for NordFX? |
| A 5: | The minimum initial deposit to open an account is $10. |
| Q 6: | Is NordFX a good broker for beginners? |
| A 6: | No. It is not a good choice for beginners. Though it advertises well, it lacks legitimate regulation. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Is your forex trading account getting blocked at NordFX? Finding it hard to receive withdrawals? Do you face sudden fund disappearance from your NordFX trading account? These issues have not only hurt you but also many more. Their anguish on broker review platforms over these issues has become headlines across forex journals. In this article, we have shared their reviews. Take a look!
NORDFX is excited to announce its Mega Super Lottery 2024, with a staggering $1,000,000 prize pool. Register now.
Discover the truth about NordFX, a forex broker with a worrying absence of regulatory oversight and numerous trader complaints. Read our detailed review for insights.
We analyzed last week what happened to the two most popular currencies in 2020-2022, what forecasts were given then by the strategists of leading financial institutions for EUR/USD, and how accurate they turned out to be. Now it's time to tell what experts expect from 2023.
This fantastic number of accounts is a milestone for NordFX. The broker, which has been established since 2008, has also won various awards.
The performance of NordFX Brokerage's clients' trade transactions in May 2021 has been summarized. The three most efficient of them earned a total of more than $175 thousand dollars.
NordFX offers a variety of trading assets such as currencies, commodities, stocks, etc., supporting a minimum deposit of $10 and demo accounts. The advantages include abundant educational resources, but the disadvantages are unregulated, withdrawal issues, and exclusion of customers from multiple countries such as the United States and Canada.
NordFX offers a wide range of trading assets, including currencies, commodities, stocks and indices, and cryptocurrencies.
NordFX's minimum deposit is $10. It is lower than the industry level and friendly to traders with small budgets.
Low. NordFX spreads start from 0.0pips.
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mjiaq
Hong Kong
I performed transactions on this platform and earned $2800 in profits. I applied for a withdrawl and they refused it, citing overly aggressive trading practices. They also froze my trading account. Currently, I am unable to resolve the issue with the customer service.
Exposure
源源
Hong Kong
It is said that the payment channel has been changed. I don’t know how long it will take to get to the account. It has been almost 40 days since I applied for a withdrawal.
Exposure
jklin
Hong Kong
I started trade from September but could not withdraw without personal taxes. Beware of this cases.
Exposure
FX1743229789
Germany
I am working with Nordfx, no problems so far. I don't understand why there are so many negative comments. Support is fast, they helped me with my issue in 5 minutes. Automatic withdrawals to crypto, I even didn't have to wait. I trade bitcoin on margin, can buy one for $150, don't know any other broker who offers that.
Positive
Wivide
Mexico
NordFX is awesome! They've got some of the lowest spreads in the game, and their minimum deposit is super reasonable. It's a great choice for traders who want to get started without breaking the bank.
Positive
FX1728939051
Argentina
I like the charting tools provided. The mobile app is also good except it cannot be used in Malaysia. As I travel to Malaysia often, this has posed a problem for me and I need to look for another broker whose mobile app is accessible in Malaysia.
Neutral
zhangkeer
Ukraine
4 starts only for very helpful and polite support. Application is very complicated for beginners. I m using 3 other a🌠🌠pplications and this one is most complex to use. Still in demo trying to figure out
Neutral
FX1280227352
Malaysia
Surprisingly, my withdrawal was proceeded quickly, and I never thought this step went so well. I only traded with Nord FX once, and I can tell you what I have experienced just now.
Neutral
神鸟
Netherlands
What this platform offers seem quite pretty, spreads from 0.0 pips, generous leverage up to 1:1000… But you know what? They just a shameless broker trying to use exaggerated advertisements to play with you, taking your money away. Before I trade with brokerage, I checked out many negative reviews about this platform, this makes me to abandon this broker immediately. I do hope you guys could not be defrauded by it.
Neutral
FX4107440109
Hong Kong
It’s alright, normal deposits and withdrawals. I saw that the websites reported are all traded on the WeChat platform. At first glance, it is a fake platform. I have been using mt4 to play.
Positive
洁洁
Hong Kong
Was it a fraud platform?
Exposure
FX8029238142
Hong Kong
Unable to withdraw!
Exposure
FX2142961960
Vietnam
Forced Liquidation
Exposure
Mayaz Ahmad
Bangladesh
A client of NORDFX has complained that $13000 has disappeared from his account and when he emailed this issue to NORDFX, they did not respond. He advised others not to invest in NORDFX as their behaviour is unprofessional.
Exposure
【道源】聚成
Hong Kong
And they don’t reply to my messages. Do not be cheated.
Exposure
FX2967071030
Taiwan
up.nord2008.com Website of this broker (disabled now) And the staff here don’t reply to me after reading my messages.
Exposure
中子
Hong Kong
NORDFX induces u to deposit funds. But you can;t withdraw funds for wrong bank card number and margin. I hope investors can bewar of NORDFX. You can't withdraw fund here!
Exposure
砥砺前行78490
Hong Kong
The platform gives no access to withdrawal with grinding excuses, asking for margin. I have called the police. Hope governmental department stop it from engaging illegal activities.
Exposure
随玉而安
Hong Kong
The scam forex platform, using facade bank account as regulatory account, said that my bank card number was wrong and asked for a varied fee including margin and individual tax. Then your fund is doomed since it has bee pocketed by the platform.
Exposure
随玉而安
Hong Kong
Those scam platforms all have the same routine, changing a name and continuing to deceive clients. I have called the police. Now their websites are prohibited.
Exposure