NordFX Review: Safe or Scam Broker? What We Found Out

The features of the Android platforms available from NordFX are essentially identical to those of iOS platforms, including the full list of features mentioned above. The Android application has an intuitive interface and delivers the features of MetaTrader 4. With MT4 MultiTerminal, you can place a buy or sell order, modify an existing order, and close a position either partially or fully. There is also automatic or manual distribution of the required trade volume for every individual account. Of course, this platform also has the expected high levels of security via Advanced Security for safe data transmission. Because of its popularity and widespread use, NordFX traders can use MetaTrader 4 on a lengthy list of devices.

You do not have to learn how to use a completely different platform with a different layout. If you trade high Forex volumes then the Zero account could be for you – watch those lot commissions though. When it comes to execution of the orders, the Fix account is executed immediately whereas all the other accounts have market execution.

NordFX Inactivity Fees

Traders can follow the markets and make wise investment decisions on NordFX by using the news to help form a strategy when it comes to choosing investments. A NordFX news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result. Commodity trading is a type of trading available on NordFX where individuals or businesses buy and sell financial instruments using NordFX related to commodities, such as metals or oil. A NordFX stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order.

They offer some of the lowest spreads on their range of different assets thanks to their ECN liquidity. A lot riskier is your energy products because this is affected by political and environmental situations. The great supply and demand however make it a popular trading choice.

NordFX offers a positive swap on EUR/USD short positions, meaning traders get paid money. Here is a screenshot of the NordFX MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Their trading platform is good with a range of options to suit most traders.

NordFX Editor’s Verdict

This is a big downside and is one of the key differences between the firm and NordFX. If you have something that needs to be addressed urgently, you can just hit the live chat and get some help. You will also get the option to talk to the support team via phone and seek any assistance you need. However, we did not see any concrete info on these numbers on the website. From the reviews we can see from other users, it doesn’t seem like the withdrawal fees are that much. This allows you to take on the trading journey and enjoy most of your profits.

It is also a big plus for us that they use some of the most established trading technology in the MetaTrader MT4 & MT5. For example, you have the guide to markets which gives you an overview and disciplines required to make money in a sustainable way over a longer period of time. NordFX RAMM accounts also have a relatively low minimum investment requirement of $50 if you want to act as a managing trader or $10 if you want to act as an investor.

Comunication with NordFX support is super SLOW and totally incompetent! You even cannot folow in conversation to the support – like reply to reply, it always starts at point zero, and when they doesn’t know what they are doing, and lead nowhere. NordFX Copy trading options is one of the best features which gave an opportunity to me to make good earning in forex market even being a Layman. You can also get access to a huge range of additional trading tools from the MQL marketplace which is accessible from directly within the MT4 platform.

Traders should always understand the risks involved and invest only what they can afford to lose. Ethereum is the second major cryptocurrency after Bitcoin and provides developers to create smart contracts on a platform. Nord FX does not at this time offer a Sign-Up Bonus, Welcome bonus, or the advantage/profits of a no-deposit bonus with first-time sign-up or account registration. Nord FX does offer periodic competitions and profitable events. NordFX Brokerage company has summed up the performance of its clients trade transactions in March 2023. We also use different external services like Google Webfonts, Google Maps, and external Video providers.

NordFX Non Trading Fees

Sign in with well-regulated brokers such asBlackBull Markets and FBS Broker. You can access NordFX customer support by clicking on the support button by the top right of the page. Alternatively, you can click on Contact in the main navigation menu.

Founded way back in 2008, NordFX is an established online broker that offers very competitive forex and CFD trading conditions to clients from across the globe. They give you the opportunity to trade on a generous selection of financial instruments across different asset classes, including forex, stocks and commodities such as metals and energies. You can trade on the user-friendly MetaTrader 4 platforms which give you convenient market access across all of your devices. If you don’t have the time or knowledge to trade manually at the moment, they also have copy trading and managed account solutions for traders, investors and strategy providers. For anyone who is looking to trade forex and other markets with minimal hassle and excellent support, the broker is certainly worth consideration.

In addition, you can trade CFDs in the form of 5 indices and 68 stocks. NordFX.com offers over 30 currency pairs, bitcoin, other cryptocurrencies, gold and silver for your personal investment and trading options. The only limitation might be the minimum deposit, but the Fix account can be a great alternative for traders starting off with less money. As with any reputable broker, NordFX offers a range of tools traders to use to help them strategize and make a profit. One of these features is regular analysis and market news, including weekly forecasts for both forex and cryptocurrencies. Withdrawal methods are nearly identical with a few notable exceptions and a longer transfer period.

Traders Reviews

This is a highly regulated broker with a track record of success in the market. The firm is regulated in the EU under the Cyprus securities and exchange commission and by the Vanuatu financial services commission. There are also some other areas where the two firms are very different.

This one is quite intermediate and would be ideal for both professional traders and newbies. The account also comes with over 40 tradable assets that cut across currency pairs, metals, CFDs, and so much more. However, please note that the minimum deposit for this account is $250. The different names for Forex brokers are retail forex brokers or currency trading brokers. There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theory purposes. Nord FX can be summarized as a trustworthy broker with a trust score of 90 out of 100 and is regulated by two-tier respectively.

We strive to write accurate and genuine nordfx reviews and articles, and all views and opinions expressed are solely those of the authors. If you want to trade live, you will need to open a live trading account. The process here is very different in fact, you will be required to present verification documents and add a payment method to the live trading account. AvaTrade is one of the leading and most popular FX brokers out there.

It is always a nice touch when a broker includes other tools and resources to help improve your trading edge. All of these are instant payments apart from the wire option. This could take 3-5 business days to process depending on where you are sending the funds from.

• You can use this feature to build your faith in the system as well as yourself and your trading strategies.
• In addition to this, all the customer funds are stored in some of the leading banks in the world with huge liquidity.
• In addition to this, you are also going to get instant payouts, fast withdrawal, processing, and so much more.
• This guide can help you to learn whether NordFX is a good match for your own investments or not.

With either MetaTrader mobile applications, whether it is for iOS or Android, it becomes possible to trade on NordFX wherever you go at any time. The applications have full functionality, although the smaller size of your smartphone screen does somewhat limit the ability to view information in a chart in great detail. These applications are, however, incredibly useful for beginner traders who do not want to use complicated strategies. They can also be helpful for advanced traders who have to be away from their computers for a period of time and want to confirm that their trading strategies are going as planned.

Ripple is also popular amongst large https://traderoom.info/s with the Ripple network a next-group real-time gross settlement system. It gives a trader instant cross-border fund transactions at very low costs. NordFX is an award-winning broker that was established in 2008 and has since grown to exponential heights with over 1.2 million traders in over 180 different countries around the world. Below is an in-depth review of NordFX to help you make an informed decision before opening your account or trading on their platform. You will not be permitted to change your account type or currency.

NordFX Trading News

The sorts of trading fees and the rates differ from broker to broker. NordFX are a reputable trading platform that has been open for over 15 years. They offer a large range of options in their client accounts. Many unethical brokers attempt to pressurise consumers into bigger financing for superior services. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more benefits will become available.

Now I will return money to them again, I only lost interest for the transfer back and forth. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Now new features like addition Mega Lottery offers are providing us an extra possibilities to earn more beside our regular day to day trading. Account verification remains a mandatory final step, and most traders will pass it after sending a copy of their ID and one proof of residency document.

This may seem like a little number, but within the entire year, it adds to a substantial number of gains. Even though NordFX provide you all of the tools to make money, they can’t guarantee that you will gain. If you wish to further protect your account, it is possible to enable Two-Step Verification as well. It requires an SMS affirmation that you access your accounts.

• Learn more about this subject and learn how to choose the right one for your needs.
• NordFX also lets clients become signal providers to increase their income.
• They include frequently updated Market News and Analysis, Trading Video Tutorials, Articles and a Trading Glossary.
• Usually, the broker that will be invested will be chosen from a safe, stable and supportive broker.
• This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.

Finding a reputable NordFX review locally or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. You also have the option to send in your queries using their website. Go to the support page and fill up the form with all the necessary information.