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NORD FX Forex broker specializes in providing foreign exchange trading services, the company's official website https://account.nord..., the company's legitimate regulatory information SeychellesFSARetail Forex License, VanuatuVFSCRetail Forex License, CyprusCYSECCommon Financial Service License to enhance the security of the company's address Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

NORD FX Forex Broker

Basic Information

Registered Region

Saint Lucia

Operating Period

Company Name

NordFX Ltd

Abbreviation

NORD FX

Company employee

Customer Service Email Address

support@nordfx.com

Contact Number

+447458164424

Company Website

https://nordfx.com/

Company Address

Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

Facebook

https://www.facebook.com/NordFX

Keywords

5-10 years

Regulated in Seychelles

Retail Forex License

MT4 Full License

MT5 Full License

Vanuatu Retail Forex License Revoked

Suspicious Overrun

High potential risk

Offshore Regulated

Company profile

Quick NordFX Review SummaryFounded2008Registered Country/RegionVanuatuRegulationNo licenseMarket InstrumentsCurrencies, commodities, shares & indices, cryptocurrenciesDemo Account✅Min Deposit$10LeverageUp to 1:1000EUR/USD SpreadFloating around 0 pipsTrading PlatformMT4/5Customer SupportLive chatRegional RestrictionsUSA, Canada, EU, Russian Federation, Cuba, Sudan, Syria, Malaysia, Panama, IndonesiaNordFX Information 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.Pros & Cons 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.ProsCons• 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:IC Markets - Best broker on the market with fast support and flawless spreads and order execution.Roboforex - Fast money deposit and withdrawal with similar spreads and commission for Forex and gold as other brokers but on stocks roboforex is King.AvaTrade - Good trading conditions overall with multiple CFD trading instruments and high number of forex pairs. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.Is NordFX Legit? 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.Market Instruments NordFX provides a diverse range of market instruments for traders to choose from, including currencies, commodities, shares & indices, and cryptocurrencies.Trading AssetsAvailableCurrencies✔Commodities✔Shares ✔Indices✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account Type 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 TypeMin DepositFix$10Pro$250Zero$500Leverage 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.Spreads & Commissions 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 TypeSpreadCommissionFixFrom 2 pips❌ProFrom 0.9 pips❌ZeroFrom 0.0 pips0.0035% per trade on each sideTrading Platform Both the industry-leading MT4 and MT5 platforms are available at NordFX.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Web, Desktop, MobileBeginnersMT5✔Web, Desktop, MobileExperienced traders See the trading platform comparison table below:BrokerTrading PlatformsMT4/5MT4/5, cTrader, TradingViewMT4/5, WebTrader, MobileTrader, StocksTraderMT4/5, AvaTrade Mobile App, Mobile WebTrader, AvaSocial, AvaOptions, DupliTradeDeposit & Withdrawal 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 NordFXMost OtherMinimum 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.Education 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.Conclusion 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.Frequently Asked Questions (FAQs)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.Risk Warning 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.

NORD FX broker review

Is NORD FX safe or scam

Rating Index

How to login to NORD FX?

NordFX Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a NordFX Account Opening an account with NordFX is a straightforward process that requires a few simple steps. Below are the detailed steps to guide you through th

NordFX Forex Broker - Complete Information Guide

1. Broker Overview

NordFX broker, established in 2008, is an international brokerage firm that offers a wide range of online trading services. The company is headquartered in Vanuatu, with additional offices in Cyprus, India, and Thailand. NordFX operates as a private company under the ownership of NFX Capital VU Inc., which has made significant strides in the financial market since its inception.

Over the years, NordFX has achieved numerous milestones, including the recognition of its services in various awards, such as the "Best Forex Broker in Asia" in 2018 and "Best Global Broker" in 2019. The broker has garnered a substantial client base, boasting over 1.7 million accounts across 190 countries. NordFX primarily serves retail clients, providing them with access to various financial instruments, including forex, cryptocurrencies, commodities, and indices.

The business model of NordFX focuses on retail forex trading, offering clients the ability to engage in leveraged trading with competitive spreads. The broker operates under an ECN (Electronic Communication Network) model, ensuring that traders receive direct access to the interbank market, which facilitates fast order execution and tight spreads.

2. Regulation and Compliance Information

NordFX is primarily regulated by the Vanuatu Financial Services Commission (VFSC), under registration number 15008. The broker also previously operated under the Cyprus Securities and Exchange Commission (CySEC), although it has since relinquished that license. The VFSC provides a regulatory framework that allows NordFX to offer its services internationally, albeit with less stringent requirements compared to tier-one regulators.

Client funds at NordFX are held in segregated accounts, ensuring that they are not used for operational expenses. This practice is crucial in protecting clients' investments in the event of the broker's insolvency. However, it is important to note that the VFSC does not provide an investor compensation fund, which might be a concern for potential clients looking for additional security.

NordFX adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identities and comply with all applicable laws. This compliance helps to prevent fraudulent activities and ensures a secure trading environment for all users.

3. Trading Products and Services

The NordFX broker offers an extensive range of trading products, including:

Forex Currency Pairs: Traders can access a total of 33 currency pairs, including major, minor, and exotic pairs.
CFD Products: NordFX provides contracts for difference (CFDs) on various asset classes, including commodities, indices, and stocks. The broker offers six indices and 68 stock CFDs for trading.
Cryptocurrencies: Clients can trade 11 different cryptocurrencies, including popular options like Bitcoin and Ethereum.
Managed Investment Services: NordFX also offers PAMM (Percent Allocation Management Module) accounts, where experienced traders manage funds on behalf of investors.

The broker frequently updates its product offerings, ensuring that clients have access to the latest financial instruments and market opportunities. This commitment to providing a diverse range of trading options makes NordFX an attractive choice for traders looking to diversify their portfolios.

4. Trading Platforms and Technology

NordFX broker supports the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Both platforms offer advanced trading features and tools, including:

MetaTrader 4: Known for its user-friendly interface, MT4 is ideal for forex trading, providing advanced charting capabilities, order management options, and support for automated trading through Expert Advisors (EAs).
MetaTrader 5: The newer version, MT5, expands on MT4's features by offering additional analytical tools, more order types, and the ability to trade on exchange-traded products.

In addition to desktop versions, both platforms are available on mobile devices, allowing traders to manage their accounts and execute trades on the go. NordFX also provides a multiterminal version of MT4, which is particularly useful for traders managing multiple accounts simultaneously.

The broker operates on a No Dealing Desk (NDD) execution model, ensuring that orders are processed quickly and efficiently. This execution model, combined with a robust server infrastructure, allows for rapid order execution, typically within 0.5 seconds.

5. Account Types and Trading Conditions

NordFX offers a variety of account types to cater to different trading preferences and experience levels:

Fix Account: Requires a minimum deposit of $10, with spreads starting from 2 pips. This account is suitable for beginners looking for a straightforward trading experience.
Pro Account: Aimed at experienced traders, this account requires a minimum deposit of $250 and offers spreads from 0.9 pips with no commissions.
Zero Account: Designed for high-volume traders, this account has a minimum deposit of $500 and offers spreads starting from 0.0 pips, with a commission of 0.0035% per trade.
Savings Account: This unique account type allows clients to earn passive income with an annual interest rate of up to 30% on deposits, requiring a minimum of $500.

All accounts offer a maximum leverage of 1:1000, allowing traders to amplify their positions significantly. The minimum trade size is set at 0.01 lots, making it accessible for traders with varying capital levels. Additionally, NordFX charges overnight fees for positions held beyond the trading day.

6. Fund Management

NordFX provides a range of deposit and withdrawal options to facilitate easy fund management:

Deposit Methods: Traders can fund their accounts using various methods, including bank transfers, credit/debit cards, and e-wallets such as WebMoney, Skrill, Neteller, Perfect Money, and DragonPay. The minimum deposit varies by account type, starting from $10 for the Fix Account.
Withdrawal Methods: Withdrawals can be made through the same methods used for deposits. The processing time for withdrawals typically ranges from 1 to 6 business days, depending on the chosen method. While NordFX does not charge deposit fees, third-party fees may apply.
Withdrawal Fees: The fees for withdrawals depend on the payment method selected. For instance, credit card withdrawals may incur a fee of 4% plus $7.50, while withdrawals via e-wallets like Skrill and Neteller may have lower fees.

NordFX maintains a transparent fee structure, allowing clients to understand the costs associated with their trading activities.

7. Customer Support and Educational Resources

NordFX offers comprehensive customer support to assist traders with their inquiries and issues:

Support Channels: Clients can reach out to NordFX through various channels, including email, live chat, and phone support. The broker's support team is available 24/5 and can assist in multiple languages, including English, Chinese, Arabic, Hindi, and more.
Educational Resources: NordFX provides a range of educational materials, including video tutorials, webinars, and trading guides. These resources are designed to help traders improve their skills and knowledge of the financial markets.
Market Analysis Services: The broker offers daily market analysis, trading signals, and an economic calendar to keep traders informed about market developments.

These resources aim to empower traders, enabling them to make informed decisions and improve their trading performance.

8. Regional Coverage and Restrictions

NordFX serves clients from various regions around the world, with a focus on Asia and emerging markets. The broker has established support centers in countries such as India, Thailand, Sri Lanka, and Vietnam. However, there are specific countries from which NordFX does not accept clients, including:

United States
Canada
European Union countries
Russia
Cuba
Sudan
Syria

This geographical limitation is essential for potential clients to understand, as it affects their ability to open accounts and trade with NordFX.

In conclusion, NordFX broker presents a compelling option for traders seeking a diverse range of financial instruments, competitive trading conditions, and a user-friendly trading environment. While it may not be regulated by tier-one authorities, its operational history and commitment to client support make it a noteworthy choice in the forex and CFD trading landscape.

NORD FX Forex Broker has an overall rating of 4.69, Regulatory Index 3.92, License Index 3.92, Business Index 7.78, Software Index 8.87 Risk Control Index 0.00.

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