NordFX – reviews and forex trading platform review

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NordFX – a wide-ranging forex broker

вњ… This Trading Platform is available in Russia

В В Overview of participants in the global financial market: NordFX

Studying the main indicators of the broker’s activities, his capabilities and achievements is a mandatory procedure for each trader who plans to work on the trading platform he is interested in. Some users decide on this issue on the basis of posted on the network, user reviews and expert recommendations. But experienced traders do not recommend choosing a broker in this way. After all, apart from real customer comments, there will always be custom articles on the Internet that are greatly exaggerated, both positive and negative sides of a broker. Some newcomers who could make decent money in financial markets will lose their interest in online trading forever if their first broker is a fraud. To find a reliable service, it is necessary to conduct a detailed analysis of companies providing financial services to their customers. As an example, you can use NordFX, a broker who quickly formed its client base, which, despite the competition, continues to grow and grow.

What attracts customers of NordFX ?

To maintain impeccable business reputation and attract new customers, the administration of a web resource offers:

в—Џ simple and quick opening of an account;

в—Џ greater choice of financial assets for trading;

в—Џ the ability to invest money in stocks of large global corporations;

в—Џ system of auto copying trading signals (RAMM), etc.

The company was registered in 2008, and its head office is located in Port Vila (the capital of Vanuatu). Over the entire period of the broker’s existence, 1,200,000 accounts have been opened, whose owners live in 100 countries from all over the world.

NordFX Security

Standard applications and platforms created by highly qualified specialists for NordFX (MetaTrader 4, MetaTrader 5, MultiTerminal, etc.) guarantee not only high speed of trading operations, but also reliable protection of financial and personal information of traders. Another important point is that thanks to the applications, the client of the service can work on the trading platform using mobile devices, regardless of location (the main condition is the availability of the Internet).

Customer support on a web site trading resource will help solve financial, technical or other issues related to the functioning of a broker. Some operations require account verification. This procedure is possible only if there are documents proving the user’s identity and place of residence.

Regulators of NordFX

If a novice user has practically decided to work on the platform in question, but he still has doubts about the reliability of the service, he will definitely need to examine the institutions that regulate the activities of participants in the global financial market. In this case, these include:

в—Џ VFSC. Financial Regulator of Vanuatu.

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в—Џ SEBI. Department of Stock Exchange and Securities of India.

в—Џ CySEC. Cyprus Securities and Exchange Commission.

The latter institution is respected in many European countries. The presence of a CySEC license is proof that the broker plans to work honestly, giving his clients access to financial assets. In this case, a trader can safely register a login on NordFX without fear of unpleasant “surprises” from a broker or government agencies that control the financial sector.

Training NordFX

Every trader, regardless of work experience and level of initial training, will definitely find something new and useful on the website of the broker in question. The special training center has all the necessary information for beginners (including those who have never encountered online trading), as well as a glossary of terms, an economic calendar, a description of the Forex market, useful tips from experienced professionals, etc.

Analytical information, trading signals, descriptions of existing platforms, as well as economic news will help experienced users to make their own predictions about what changes will occur in the global financial market in the near future. Based on the data obtained, you can create your own trading strategies that will help you earn decent money with minimal risk of losing your capital.

The demo account provided at NordFX is the last preparatory stage before you make your first real money bet. It allows you to see how financial transactions are carried out, what you need to know when choosing a trading account, what nuances need to be taken into account when working on this trading platform, etc.

Parameters that every NordFX user should know

The reviews prepared about NordFX distinguish two main features of the service in question: it performs the functions of not only an ordinary broker, but also an investment company; The following accounts can be opened at the site:

в—Џ Fix. The minimum deposit of $ 10;

в—Џ Pro. From $ 50;

в—Џ Zero. From $ 100.

Each of them has its own characteristics, which directly depend on the amount of the down payment.

NordFX Trading Terms

в—Џ The size of the minimum deposit – $ 10.

в—Џ Leverage – 1: 1000.

в—Џ The minimum size of the dota is 0.01.

в—Џ Account currencies – US dollar, BTC, ETH.

в—Џ 24-hour support – is.

в—Џ Affiliate program – provided.

в—Џ Automated trading – functioning.

в—Џ Competitions – no.

How to replenish a trading account and withdraw money from NordFX ?

According to reviews compiled about NordFX, it can be said that by the number of methods for depositing / withdrawing funds, this broker is completely satisfied with users:

в—Џ Plastic cards VISA and MasterCard.

в—Џ Perfect Money.

в—Џ Bank transfers.

Trading assets of NordFX

To conclude transactions, the company in question offers: currency pairs, precious metals, cryptocurrency, shares of large corporations and other investment instruments.

NordFX Review – Is nordfx.com scam or safe?

NordFX execution and slippage

Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.

NordFX slippage with Kama-spot trading strategy

Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF

Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF

NordFX slippage with Saved FX trading strategy

Average profit: 16.0 pips

Average trade lifespan: 1 day

NordFX slippage with Qurenix trading strategy

Average profit: 9.0 pips

Average trade lifespan: 5 hours

NordFX slippage with Forex Cruise Control trading strategy

Average pips/trade: 5.0

Average trade lifespan: 18 hours

NordFX slippage with For333 trading strategy

Average pips/trade: 12.0

Average trade lifespan: 15 hours

NordFX slippage with Azar Consulting trading strategy

Average profit: 28.0 pips

Average trade lifespan: 3 days

NordFX slippage with The Best Player trading strategy

Average profit: 22.0 pips

Average trade lifespan: 13 hours

NordFX slippage with Xiaolidao trading strategy

Average pips/trade: 9.0 pips

Average trade lifespan: 1 day

NordFX slippage with Youron trading strategy

Average profit: 9.0 pips

Average trade lifespan: 11 hours

NordFX slippage with Duanxian(GBP\USD) trading strategy

Average profit: 10.0 pips

Trading Accounts

Account type Min. deposit Min. trade size Max. leverage Spreads (Commission)
Fix $10 0.01 1:1000 2 pips, fixed
Pro $250 0.1 1:1000 From 0.9 pips
Zero $500 0.1 1:1000 From 0 pips + $3.5 – $5/lot

NordFX offers its clients the above account types, plus PAMM service. They can trade in more than 30 currency pairs, precious metals and cryptocurrencies CFDs.

The Company. Security of funds

The nordfx.com website is operated by Nfx Capital Vanuatu Inc., a company registered offshore, in Vanuatu. Although we do not recommend doing business with offshore brokers, the case with NordFX is a bit different.

First of all, NordFX was founded 10 years ago. It has earned a good reputation, and besides, the group of companies united by the brand also includes NFX CAPITAL CY LTD, which is regulated by CySEC in Cyprus. It also has a subsidiary that is licensed by the Securities and Exchange Board of India (SEBI). It has offices in China, Cyprus, India and the Russian federation.

Trading Conditions

Minimum Initial Deposit
NordFX requires $10 as a start, which is a low entry threeshold.

Spreads & Commission
This broker offers both fixed and variable spreads, which vary by account type, but overall the pricing of this broker is in line with the pricing in the forex sector. Fixed spreads amount to 2 pips on EUR/USD, and variable spreads on the commission-free Pro account start from 0.9 pips for this pair.

For further information and comparison, you may look up real-time spreads of some of the leading brokers here.

Maximum Leverage
The maximum leverage levels offered by NordFX is 1:1000, which is a really high ratio. Still, many other brokers provide similar leverage levels.

We advise you to exercise caution when trading on margin, as higher leverage involves higher risk of heavy losses, which may even exceed traders’ initial investments.

Trading Platforms

NordFX used the renown MetaTrader 4 (MT4) platform. This trading terminal offers all a trader needs: a number of technical indicators, extensive back- testing environment, advanced charting package and a wide range of Expert Advisors (EAs). Traders can download ready-made or create their own automated trading strategies and simply let the program do all the work. It comes in desktop and mobile versions.

What is more, MetaTrader 4 MultiTerminal is available with NordFX, an ideal choice for investors and managers, for traders who work with several accounts at the same time.

Methods of Payment

NordFX offers its clients many options to make deposits to and withdrawals from their accounts. The following payment methods are available: bank wire transfer and e-wallet systems, such as Skrill, Neteller Payza, OKPAY, FasaPay, Payza, Webmoney, Perfect Money, Qiwi, Yandex.Money Dengi online, and more.

Conclusion

Although the company operating the nordfx.com website is registered offshore, this broker is not one of those scams out there. The NordFX group is a recognizable brand on the forex market with many awards over the years. NordFX offers good trading conditions on the MT4 platform, as well as the option to trade in many cryptocurrencies.

Nonetheless, if you prefer to trade with a regulated entity, check out the offerings of NordFX’s Cypriot unit.

To sum up the above, here are the advantages and drawbacks with regards to this broker:

MT4 & MT5 available

No CFDs on stocks

High leverage available

More than 10 years of experience, part of a group with CySEC license

Many cryptocurrencies available for trade

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for NordFX

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

NordFX – a non-paying kitchen!


I opened an account, and started trading.
At first everything went well. Fast execution, minimum slippage.
I registered an partner link, began to advertise this broker.
By my partner link registered trader.
I received an partner commission and traded using commissions.
But at some moment they just closed the account without warning.

Then they sent a letter:
We inform you that for violation of the terms of the partnership agreement, which prohibits affiliates persons to participate in the affiliate program and receive a commission from trading, especially bonus funds, we are forced to cancel the affiliate commission and terminate the partnership agreement.
Deposit funds were returned back to your card. The repayment period is 3-7 business banking days.

To my requests to explain what was the matter that I violated – no answers from the broker.
As a result, I was not given all the profits I earned.
Give me my money back!

NordFX did not pay me a profit of $5936

I have an account with NordFX number 1245395 was opened on July 10, 2020 . I made a Deposit of $ 1000 use Perfect money . After three months of trading, I made a profit of $ 5936 and I wanted to make a withdrawal. NordFX did not pay me a profit of $ 5936 for three months of my trading. When I made my first withdrawal request They simply blocked my account and returned the initial Deposit. NordFX says I broke rule 13.6.3 . but I didn’t break anything ! My trade was legitimate, I was doing only manual ! I didn’t participate in PAMM! I didn’t receive a bonus from NordFx ! I didn’t trade using the news ! I didn’t use arbitrage ! I just traded hands using limits orders ! This company is a fraud ! Don’t trust them with your money ! I will demand that they pay my profit .

Good broker

Opened the deposit $ 500, gave a bonus. It is important that the bonus is involved in the drawdown. So far, so good. Some glitches in the work did not notice. There was no need to contact support. He did not gain a lot of profit, but he managed without any problems. At the moment, from me plus this broker.

I’ve always treated your ratings with respect.

I’ve always treated your ratings with respect. After reading some reviews about NordFx I got suspicious about your ratings. Do you allow anyone to post anything without any proof?

As of NordFX, I’ve been trading there for 2,5 years. Over the period, I’ve already made 353% on top of my starting capital. My NordFx account number is 989923. You can monitor it here: https://www.myfxbook.com/members/ol989923/ol989923/1871284
(I can provide the admins with an invest password if needed)

Therefore, I can definitely say that 99% of the negative comments about NordFx published on your website are fake and have nothing to do with reality. Over the 2,5 years of trading with NordFx, I haven’t seen any software lags, slippage, non-market quotes, or pretty much any other tricks against me (I never use pending orders to enter or exit another trade, and I still get my orders executed WITHOUT any problem at all times). Like I said, I’ve already earned 353% of profit, and I can definitely say that NordFx has NEVER played against me (unfortunately, some other brokers have).

The bottom line is this:
It takes 24 hours to withdraw funds into my Webmoney purse, which was used to deposit funds. The only commission is the one charged by Webmoney – 0,8%. The spreads are moderate (I have another account with FIBO Group, and they charge traders with much bigger spreads for cross pairs – actually, twice as wide as those charged by NordFx or Fort Finance). When it comes to swaps, NordFx is one of the best choices, and the broker is regulated by an E.U. financial regulator.

What else would you like your broker to offer? As for me, that’s more than enough.

NordFx is a REALLY reputable broker! I’d like to explain why I made this choice since you need to pay close attention to the detail if you want to reveal the broker’s true colors.

I work with NordFx though a website rendering rebate and auto-copying services. If needed, I can provide the admins with the name of the service so that they check this information. I get paid handsomely for each standard lot I trade at NordFx. If to compare NordFx Dukascopy, FIBO Group, and Fort Finance, NordFx pays me 3(. ) times as much as FIBO Group, 2,5 times as much as Dukascopy, and 1,2 times as much as Fort Finance.

That’s why I recommend that you open a NordFx account through a rebate service to get a decent amount of extra money on top of your trading profits. Or you can become an IB. By the way, NordFx is one of the very few brokers to allow IBs to trade forex in a dedicated IB group. The founder of the rebate service I work with also has a NordFx account with much bigger trading capital and he has been making money with trading and rebating for years. FIBO Group and some other brokers banned him from doing so a long time ago.

For those of you questioning my words, I’ll ask some other successful NordFx traders to visit this rating and share their reviews along with the links to their monitored accounts (with invest passwords for the admins). Together, we manage big-scale conservative investor accounts opened with more than a dozen forex brokers.

The list of those brokers includes really big names but NordFx is still the best for me. Also I’d like to apologize to the admins for being a little bit too emotional but I guess it would be nice to filter out those fake reviews and ask for proofs before publishing them.

SCAMMED for 2000 Euro of Profits!

NordFX are outright SCAMMERS when it comes to you making profits with them. They have outright STOLEN 2000 Euro of profits Ive made with them.

I have been trading with them since May 2020 and have become pretty profitable the last 2 months finally with my scalping strategy (which is permitted on all accounts like their website explicitly states).

Now it was time to withdraw some of my profits since I desperately needed the money I traded so hard for, sitting in front of the screen for 10 hours+ a day for months. When I requested the withdrawal, 10(!) minutes later Ive received this email from them:

“Hello.
We inform you that your trading accounts 1047186, 1047380, 1070661 and 1070662 were blocked for the client agreement terms violation.
Initial funds were returned.

Your sincerely
NordFx Finance Dept., Sergey,”

They outright blocked ALL my trading accounts I had with them! I had the Micro, the Standard and all the others since I wanted to try them all out. But Ive requested the withdrawal only from the Standard account, yet they also have closed the Micro which also had money in it but where I didnt trade for a while. I cant get the money out of the micro account either since they have blocked backend access on their website for me completely for ALL accounts:

“Unfortunately, you can not log in to trader’s cabinet: your account has been blocked”

All emails I sent them and asking what terms I have violated did stay unanswered – as well as any further communication attempts with them via email or their chat. Its kind of unbelievable that they say I have violated the client agreement, yet dont even mention which part of it (I guess it was the part of “profitable trading is forbidden under any circumstances”). It also adds to their “professionalism” that they dont even mention complete names in their emails, just “Sergey”, so that you cant specifically refer to a person later on or report them to the police.

So I did some further research and found that they are actually based out of Russia. Yes, the website says Mauritius and what not, but its clearly operated out of Russia if looking at the IPs in their emails where theyve originated from:

“Received: from windows-8.1.shared (user-62-68-147-63.tomtelnet.ru [62.68.147.63])”

So their “office” (its nothing more than a PO box actually) in Mauritius is nothing less than a simple attempt to hide the fact that they are from Russia. What is even more interesting is that they mention they are registered with FSC Mauritius and are allowed to provide financial services there. A call to the FSC I did today confirmed that they are NOT LICENSED with them NOR ARE ALLOWED TO OFFER FINANCIAL SERVICES in Mauritius! The FSC will start an investigation on their operations right away as they told me.

So their whole operation they have there is based on a complete fake and outright lies about being registered with the FSC. And on top, if you make profits, they will simply not send them to you and close your accounts instead. Hence I can only HIGHLY recommend to stay away from them under these circumstances. You can rather “donate” your money to some charity organization than to spend it on this fraudulent Russian operation.

NordFX Review 2020

Regulated By: CySEC, SEBI, VFSC

Foundation Year : 2008

Headquarters : Pot 805/103 Rue D’Auvergne, Port Vila, Vanuatu

Min Deposit : $10

These materials should not be deemed as a recommendation for investment or guidance for working on financial markets and they are for informative purposes only. Trading on financial markets is risky and it can lead to loss of money deposited.

Latest Tweets by @NordFX

These materials should not be deemed as a recommendation for investment or guidance for working on financial markets and they are for informative purposes only. Trading on financial markets is risky and it can lead to loss of money deposited.

These materials should not be deemed as a recommendation for investment or guidance for working on financial markets and they are for informative purposes only. Trading on financial markets is risky and it can lead to loss of money deposited.

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