Northern Trust Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
Business
License
FCA Exceeded 
This company does not provide Chinese services... btw, even if it does, I would probably choose a big local bank instead of a foreign company... the safety of my money is the most important thing, isn't it?
Summary: Northern Trust has garnered mixed reviews from users and experts alike. While it is praised for its extensive range of services and regulatory compliance, it faces significant criticism regarding customer service and accessibility. Key findings suggest that potential clients should be cautious, especially considering the variability in user experiences across different regions.
Note: Its important to recognize that Northern Trust operates through various entities across different regions, which may lead to inconsistencies in service quality and regulatory oversight. This review aims to provide a balanced perspective based on multiple sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 5 |
| User Experience | 3 |
How We Rated the Broker: Our ratings are based on a combination of user feedback, expert analysis, and factual data from various sources.
Founded in 1889, Northern Trust is a long-standing financial services firm headquartered in Chicago, Illinois. It specializes in investment management, asset servicing, and banking solutions for a diverse clientele, including corporations, institutions, and affluent individuals. Northern Trust operates globally, with a significant presence in the U.S. and various international markets.
The broker does not offer popular trading platforms like MT4 or MT5, which may limit the trading experience for some users. Instead, it focuses on wealth management and investment advisory services. The range of tradable asset classes includes equities, fixed income, and foreign exchange, among others. Regulatory oversight is provided by the FINRA and SIPC, which adds a layer of trustworthiness to their operations.
Northern Trust is primarily regulated in the United States by the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). However, some reviews indicate that users in other regions may not experience the same level of service or regulatory protection, highlighting the importance of understanding the specific entity one is dealing with.
The firm accepts major currencies such as USD for deposits and withdrawals. However, there is no mention of support for cryptocurrencies, which may be a drawback for clients looking to invest in digital assets.
The minimum deposit requirements vary based on the type of account and investment strategy chosen. Unfortunately, specific figures are not consistently reported across sources, leading to uncertainty.
Northern Trust does not appear to offer any bonuses or promotional incentives, which is common among traditional investment firms focused on wealth management rather than retail trading.
Northern Trust provides access to a wide range of asset classes, including equities, fixed income, and foreign exchange. However, it lacks detailed information on specific trading instruments or strategies available to clients, which could hinder informed decision-making.
There is a lack of transparency regarding costs associated with trading through Northern Trust. While some sources mention low fees, specific details on spreads and commissions are often absent, making it difficult for potential clients to gauge overall trading costs accurately.
Information regarding leverage options is not clearly defined in the sources reviewed. This lack of clarity may be a concern for traders looking for specific leverage ratios to maximize their trading potential.
Northern Trust does not specify the use of any popular trading platforms such as MT4 or MT5, which may limit the trading experience for users accustomed to these platforms. Instead, the firm appears to focus on personalized investment management rather than direct trading.
While Northern Trust operates globally, certain regions may face restrictions depending on local regulations. Users are advised to check the specific terms applicable to their location.
Customer service is predominantly offered in English, with limited options for non-English speakers. This could pose challenges for international clients seeking assistance.
While Northern Trust offers a variety of account types, the lack of clarity regarding minimum deposits and account conditions can be a deterrent for potential clients.
The firm provides some resources for investment management, but the absence of a trading platform limits the tools available to clients.
User reviews consistently highlight poor customer service experiences, with complaints about slow responses and inadequate support. This is a significant area of concern for prospective clients.
The trading experience is hampered by the lack of direct trading platforms and tools, which may not meet the expectations of active traders.
Northern Trust is regulated by reputable authorities, yet user experiences vary widely, leading to mixed feelings about its overall trustworthiness.
Negative feedback regarding customer service and accessibility significantly impacts the overall user experience, with many users expressing frustration over communication difficulties.
In conclusion, the Northern Trust review indicates that while the firm has a solid foundation in wealth management and investment advisory, potential clients should be cautious. Users are advised to thoroughly research and consider their specific needs before engaging with the broker.
