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NordFX Review 2020
NordFX Review 2020

NordFX Review

About NordFX

NordFX is an international broker that provides individual and corporate clients a full range of services for trading in Forex, gold, silver, oil, basic stock indexes, and cryptocurrencies.

NordFX holds licenses to provide financial services and is regulated by VFSC, CySEC, and SEBI, and this ensures very strict control over its activities from governmental bodies. The parent company is NordFX CY (NFX CAPITAL CY LTD) which is headquartered in Limassol, Cyprus.

Starting from 2008, over 1.250.000 accounts have been opened in NordFX by clients from over 190 countries. NordFX has been awarded more than 45 prestigious awards and prizes.

NordFX Awards
NordFX Awards

One of the main priorities of NordFX is the safety of the client’s funds. Unlike various crypto- exchanges, there has been not a single hacking during 10 years of NordFX operation in the financial markets.

NordFX Investment Funds

NordFX clients enjoy another opportunity for portfolio investments in stocks of major global companies. The three investment funds are Pro-Industry Fund, Pro-Tech Fund, and Pro-Expert Fund, which include stocks with the highest reliability and growth.

The unique advantage of these funds is the low entrance threshold, which allows investors who have even small amounts to enjoy all the benefits of professional asset management.

The client may deposit and withdraw funds at any time at his request, and the participation of managers allows you to receive the maximum possible profit from this investment.

Pro-Industry Fund

The Pro-Industry fund provides a possibility of placing funds under the management of a team of professional traders, who ensure a high return on investments over many years. Invest in shares from Motorola, Nike, Ferrari, Boeing, Coca-Cola, HP INC, McDonald’s, etc.

  • Investment amount from $1000
  • Expected yield up to 27% per year
  • Investment period: from 6 months to 1 year
  • Management fee: 2% / year
  • Success fee: 35% of the profit
  • Early withdrawal fee: 10%

Check all the details of the Pro-Industry fund, including past performance. Last year’s yield was a little bit over 17%.

Pro-Tech Fund

The Prote-Tech fund ensures maximum possible profit, due to permanent market monitoring and prompt revision of the Fund assets. The funds are placed only in time-tested shares of the world’s leading companies, thus providing for investment protection and liquidity (Apple, Microsoft, Intel, Alibaba, Adobe Systems, Nvidia, etc.)

  • Investment amount from $3000
  • Expected yield up to 40.9% per year
  • Investment period: from 6 months to 1 year
  • Management fee: 2% / year
  • Success fee: 35% of the profit
  • Early withdrawal fee: 10%

Check all the details of the Pro-Tech fund, including past performance. Last year’s yield was 16.8%.

Pro-Expert Fund

The Pro-Expert fund places funds only in time-tested shares of the world’s leading companies, thus providing for investment protection and liquidity Shares of major representatives of various industries, with the greatest reliability and potential for growth are collected in this fund. These are shares of Amazon, Netflix, MasterCard, Visa, Google, Facebook, PayPal, etc.

  • Investment amount from $5000
  • Expected yield up to 57% per year
  • Investment period: from 3 months to 1 year
  • Management fee: 2% / year
  • Success fee: 35% of the profit
  • Early withdrawal fee: 10%

Check all the details of the Pro-Expert fund, including past performance. Last year’s yield was 22.7%.

In addition to investing in the funds mentioned above, at the request of the client, NordFX specialists can make an individual portfolio for the client or purchase shares of individual listed companies. More information about the investment offers of NordFX can be found here.

NordFX Trading accounts

To open a trading account at NordFX, you can either do so by filling out the registration form on the site or by registering through social media platforms like Google, Facebook and Twitter. The account can be funded in US dollars or by cryptocurrencies such as Bitcoin and Ethereum.

NordFX - Tradding accounts
NordFX – Trading accounts

These are  the account types available on NordFX:

Fix account

The Fix Account is used to trade a wide range of trading instruments, including currency pairs, crypto, gold, and silver. Credit leverage of up to 1:1000 makes it possible for you to make significant profits using small starting capital. This account is optimal for stable trading, including trading with expert advisors.

  • Trading instruments: 28 currency pairs + gold, silver + 11 crypto pairs + 6 CFD (indices and oil)
  • Minimal deposit: $10
  • Fixed spread from 2 pips
  • Credited leverage up to 1:1000
  • Quote precision: 4 digits
  • Automated trading is allowed
  • Execution type: instant execution
  • Margin call / Stop-out: 40% / 20%

Check all the Fix trading account details.

Pro account

The Pro account offers both beginners and experienced traders the best trading conditions and a wide range of trading instruments, including cryptocurrencies. Appreciate low dynamic spreads, quote precision up to 5 digits and fast market execution which is achieved thanks to a large number of liquidity providers and is a stable basis for successful trading.

  • Trading instruments: 33 currency pairs + gold, silver + 11 crypto pairs + 6 CFD (indices and oil)
  • Minimal deposit: $250
  • Dynamic spread from 0.9 pips
  • Credited leverage up to 1:1000
  • Quote precision: 5 digits
  • Automated trading is allowed
  • Execution type: market execution
  • Margin call / Stop-out: 40% / 20%

Check all the Pro trading account details.

Zero account

The Zero Account offers both beginners and experienced traders the best trading conditions and a wide range of trading instruments, including cryptocurrencies. Appreciate low dynamic spreads, quote precision up to 5 digits and fast market execution which is achieved thanks to a large number of liquidity providers and is a stable basis for successful trading.

  • Trading instruments: 33 currency pairs + gold, silver + 11 crypto pairs + 6 CFD (indices and oil)
  • Minimal deposit: $500
  • Dynamic spread from 0.0 pips
  • Credited leverage up to 1:1000
  • Quote precision: 5 digits
  • Automated trading is allowed
  • Execution type: market execution
  • Margin call / Stop-out: 60% / 40%
  • Commission: 0,0035% per trade (each side)
Check all the Zero trading account details.

Islamic (swap-free) accounts are available for clients who want to operate according to Sharia law. Demo accounts are available for training and learning.

NordFX Trading methods

MetaTrader 4

MetaTrader 4 allows for trading on the forex market as well as precious metals, cryptocurrencies, and CFD trading. With this platform, you can enjoy instant execution as well as market execution and access a range of order types to let you adapt your trading style. MT4 makes it possible to create then test scripts and indicators.

MetaTrader 4 is commonly considered the standard for forex trading, meaning that there are many tutorials and support resources available. MetaTrader 4 also has high-grade security for the trading transactions and can incorporate news feeds right into the platform.

NordFX traders can use MetaTrader 4 on many devices. There are desktop versions for both Windows and Mac as well as mobile applications for both Android and iPhone.

MultiTerminal

NordFX also appeals to those who manage multiple accounts or traders with several accounts by offering trading via MetaTrader 4 MultiTerminal.

This platform is specifically designed for managers and traders who have to work with multiple accounts simultaneously. The interface is highly user-friendly, and it includes all of the major features of the MetaTrader 4 platform.

Mobile Trading Devices

NordFX makes trading on your mobile devices easier with MT4 for iPhone and Android. Both support the features of the MetaTrader 4 platform and have an intuitive interface. The application allows trading foreign exchange instruments online anytime and from anywhere.

The MetaTrader 4 application for iOS mobile devices (iPhone/ iPad/ iPod Touch) can be downloaded directly from the Apple Store. The MetaTrader 4 application for Android mobile devices can be downloaded directly from the Android Market.

NordFX Educational Resources

NordFX gives traders access to a vast range of educational resources. The educational information there can help all traders develop skills and get insights for successful trading. There are sections for forex training, signals, a glossary, the economic calendar, a Trader’s Guide to Markets, and the ability to test forex robot advisors.

Deposit and Withdraw funds

Account funding methods

To fund your NordFX account you can use Bank Transfer, Bank cards (Visa and MasterCard), and digital payment system ( WebMoney, QIWI, Skrill, Neteller, Perfect Money, Yandex.Money, Ngan Luong and PayToday). Besides Bank Transfer, all other methods are instant so you will see the money in your trading account right away.

Withdraw funds methods

You can withdraw your funds using all the methods you used to deposit money. However, the transfer period is different.

  • Bank Transfer – USD and EUR and it takes 3-6 business days to see the money in your account
  • Visa and Master Card -USD, EUR, RUB, 4% of the amount +$7,50 commission and it takes 5-6 business days to see money in your account
  • Internal Transfer – USD and EUR, can be done withing NordFX accounts, have no commission and it is instant for consolidated accounts and is done within 1 business day for not consolidated accounts
  • WebMoney – USD, EUR, RUB with a 0,8% commission but no more than $50, done within one business day
  • QIWI – RUB, no commission, done within 1 business day
  • Skrill – USD and EUR, 1% commission, done within one business day
  • Neteller – USD, no commission, done within one business day
  • Perfect Money – USD and EUR, 0,5% commission done within one business day
  • Ngan Luong – VND, no commission done within one business day
  • PayToday – THB, 2% commission, done instant

Money laundering regulation usually dictates that withdrawals must be made back to the same funding source used for the deposit.

Also keep in mind that before a withdrawal of funds is processed with the use of bank cards, you are required to verify your account by providing NordFX with copies of your ID and utility bills.

NordFX - Deposits and Withdrawal
NordFX – Deposits and Withdrawal

Deposit and withdrawal of funds in BTC and ETH is carried out through corresponding crypto wallets in the Trader’s cabinet.

NordFX Support and Help

NordFX has a highly responsive, knowledgeable customer support team, with specific centers employing dozens of staff to help with inquiries. Customer support of NordFX is available 24/5 (Mon-Fri).

There are several ways you can get in touch with NordFX company. On their contact page, you have a contact form and they also list an email address: support[at]nordfx.com. Also, there is a LiveChat system that you could see in the right-bottom part of the website that will connect you with a NordFX representative. 

Besides contact form and email they have 6 regional phone numbers that you can use without worrying to pay long-distance calls. These are: Bangladesh (+91-7303716826), China (+86 108 4053677), India (+91-120-4333103), Russian Federation (88043334516), Sri Lanka(+91-120-4562896) and Thailand (+66600035101).

Another thing that I like about NordFX is that they have an active social media presence on the following platforms: Facebook, Twitter, Vkontakte, Instagram, Linkedin, Pinterest, Youtube, and Telegram.

NordFx Contact Methods
NordFX Contact Methods

NordFX Review Conclusion

NordFX is a broker that provides access to trading for forex, precious metals, oil, basic stock indexes, and cryptocurrencies. NordFX prides itself on offering very tight spreads, and it has a range of deposit and withdrawal options.

One awesome feature of NordFX is they also offer managed investment funds, something that not many other similar brokers offer. So if you’re not too good with trading you can let NordFX trading experts make nice profits for you.

This broker has a good reputation and a range of account types to meet the varying needs of clients from retail traders to more experienced traders.

NordFX FAQ

1. Is NordFX a regulated broker?

Yes, NordFX is a regulated broker licensed by VFSC (Vanuatu), CySEC (Cyprus, EU), and SEBI (India).

2. How can I open an account with NordFX?

You can open a trading account on the NordFX site with few clicks or by clicking here.

3. Is there a minimum deposit required to open a live trading account on NordFX?

Yes, you are required to make a minimum deposit of at least $10 on the Fix account. For the Pro and Zero account, the minimum deposit requirements are $250 and $500 respectively.

4. Do I need verification to trade?

Verification isn’t mandatory for trading, deposits or withdrawals; it is only needed for deposits and withdrawals with bank cards and participating in the affiliate program, as well as in some exceptional cases.

5. What type of products does NordFX offer?

NordFX offers online trading services for forex, cryptocurrencies, market indices, precious metals, investment products, and managed funds services.

6. What types of trading account are available at NordFX?

NordFX offers 4 main types of trading accounts, Fix account for beginner traders, Pro account for experienced traders and Zero accounts for ECN trading.

7. What trading strategies are allowed? Is scalping allowed? Are expert advisers allowed?

Expert advisers and scalping are allowed. All trading strategies with limitations for news trading are permitted.

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About StephanJ

Stephan J is the founder of Monetize.info and is making a living exclusively online since 2004. He tried and managed to make good profits on everything from Forex trading, options, website flipping, adsense, affiliate websites.His passions are cycling, fitness and he is spending a small fortune on watches and fine cigars

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