NordFX review (2021) Review
NordFX is among the biggest forex brokers. The number of awards received by this broker exceeds three dozen. The web resource is built according to the „lending“ principle and immediately offers information about awards, instruments, trading accounts and available platforms. Overall, it appears to be a convenient and accessible broker for novice traders. The peak of the company’s active development came in 2010, this was the moment when the broker began providing its services in many countries of the world.
- Maximum leverage 1:1000
Regulator CySEC, Vanuatu FSC, SEBI
- Spreads floating- from 0.0 pips
- deposit: 10$
For forex trading, the broker offers to use the trading and information terminal MetaTrader 4, which is one of the best developments of MetaQuotes. The software is multifunctional and easy to use. The software is available in desktop and mobile versions, allowing traders to always monitor the situation on the currency market. The MT4 platform has a lot of necessary tools for trade and analysis:
- more than 300 indicators;
- strategies for trading in automatic mode;
- signal services.
Besides, the platform is endowed with options for supplementing the system with personal trading tools, robots and software solutions for technical analysis. Active traders can use the mobile application MT4 Mobile for smartphones and tablets with iOS or Android operating systems.
Their list depends on the selected account type. In total, up to 33 currency pairs, gold, silver and other metals are available. On the page devoted to the instruments, NordFX publishes news and forecasts of cryptocurrencies. But does not offer to trade them. The broker also has several investment portfolios made up of shares of the world’s leading companies and different industries.
There is a demo account in NordFX’s tools arsenal. This type of account enables you to get trading experience without risking your own funds, because it does not involve actual depositing. You can register a demo account in just one minute.
Demo can be used by novice traders for training as well as by experienced speculators for testing new tactics, indicators and trading robots. Just choose demo account option and fill in needed info.
Broker offers several types of trading accounts, and namely:
To open it, you need at least $10. What opportunities does it provide:
Trade 28 pairs, gold, silver.
Open up to 100 positions at one time with 0.01 lot increments.
Leverage floating – up to 1 to 1000. Spreads are fixed starting from 2 pips. There is no commission (it is included into the spreads). Execution of orders is instant.
You need at least $50 to start. The broker gives access to all the instruments and offers the following terms:
Dynamic leverage up to 1 to 1000.
Floating spreads from 0.9 pips, no commissions.
Accuracy up to 5 digits.
Execution of orders only market. No more than 100 positions can be opened at the same time, including pending positions.
Minimum deposit – $ 100. Spreads are floating, starting from 0.0 pip. The leverage is similar to other accounts. There is a 0.0045% commission for opening and closing transactions. Execution of orders is market ECN technology. All financial trading instruments are available.
Deposit and withdrawal
NordFX Dealing Center offers a good choice of payment services, among which:
- Visa MasterCard;
- bank transfers;
- electronic wallets Webmoney, Perfect Money, Qiwi, Yandex.Money;
- Internet-banking Alfa-Click;
- Skrill, Neteller, FasaPay, PayWeb and other payment systems.
When a transaction is performed, the funds are credited to the account of the brokerage site instantly, with the exception of a bank transfer. This financial transaction may take from 3 to 5 working days. In addition, for each method of depositing there is a certain commission, which is charged by the bank or service provider.
Support for traders
Often beginners who have just started working on the Forex market have problems with mastering the trading platform and using trading and analysis tools. The following methods of contacting the client support service will help them:
- by telephone: 8 (804) 333-45-16;
- live chat;
- feedback form.
- Access to interbank liquidity accounts.
- Good reputation.
- Popular investment program.
- Licenses from regulators.
- No PAMM- accounts
Pros / Cons