NordFx Broker ReviewNordFX is one of the fastest growing online Forex companies which was founded in 2008 with its headquarter in Port Louis, Mauritius with clients in over 100 countries. Throughout the years, it has received various awards as a proof of the quality service that they provide for their customers. 

As of today, NordFX still stands as an undisputed leader on the US Forex Market and is one of the top players in the Forex industry. They offer a variety of trading accounts where clients can choose from and they also offer a wide choice of trading platforms as well.

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  • Regulator – FSC
  • Trading Platforms – MT4, Trading Station, Ninja Trader, Copy Trading
  • Available since – 2008
  • Minimum deposit – $10
  • Leverage – Up to 1:1000
  • Spreads (& commission)– 0.0 pips ($4.5 per lot)
  • Minimum trade size– 0.01 lot 
  • Demo account – Available
  • Mobile Trading– Available
  • Trade Signals – e-mail alerts, website personal page, Automated Trading
  • US Clients – No
  • Islamic Account – No

AssetMagnate Rating: 

Trading Platform 

NordFX offers a lot of trading platforms where clients can choose from. One of the platforms is the Meta Trader 4 or MT4 which is the most popular among all trading platforms. NordFX also makes use of Meta Trader 5 trading platform. 

The MT4 trading platform is the most used trading platform by traders all over the world because of the features that it has. It is equipped with an advanced charting package, built in MQL4 programming language, automated trading support, Expert Advisors, and a great number of technical indicators. Teletrade has also provided money managers with the MT4 MultiTerminal in order for them to manage several accounts simultaneously. 

The MT5 trading platform is known and considered as an updated and upgraded version of the MT4 trading platform. 

Mobile Trading

The mobile trading feature of NordFX allows clients to have an access to their personal account and trade in the comfort of their phone whenever and wherever they are. Basically, it offers the same features as web trading. 

Account Types 

There are 3 account types which clients can choose from. 

  1. Fix Account – requires $10 minimum deposit with a maximum leverage of 1:1000. The average spreads 2 pips with no commission. 
  2. Zero Account – requires $100 minimum deposit with a maximum leverage of 1:1000. The average spreads 0.0 pips with $4.5 per side commission. 
  3. Pro Account – requires $50 minimum deposit with a maximum leverage of 1:1000. The average spreads 0.9 pips with no commission. 

Demo Account 

NordFX demo account gives clients the chance to practice trading. The demo account enables traders to try out different trading strategies without losing or risking their real money. It also allows them to practice and get familiar with the NordFX trading platform and services before they choose to trade with them. 

Minimum Deposit

One has to shed out $50 in order to open a trading account with NordFX. This is not the lowest initial deposit among all brokers, but this is still one of the lowest initial deposits required. 

Payment Methods 

NordFX accepts payments through bank wire transfer, debit or credit card, cheque and Automated Clearing House. The same payment method is also used if a client wishes to withdraw. 

Maximum Leverage 

NordFX offers a maximum leverage level of 1:1000. A maximum leverage level of 1:1000 is already considered as a high ratio leverage. Keep in mind that a high leverage comes with great risk as well. 

Spreads and Commissions 

The average spread offered by NordFX is 0.9 pips with a commission of $4.5. Generally, the spread and commission depends on the account type. 

Regulation and License 

NordFX is under the regulation of FSC. NordFX observes the strict implementation of different regulation especially when it comes to financial transparency and investor protection. 

Customer Service 

24/5 customer support is provided to NordFX clients. Calls or inquiries are supported by a multilingual staff. They can be reached through different channels which include email, chat and telephone support. 

Benefits of Trading with FXCM 

NordFX is one of the most sturdy Forex companies where clients can get a lot of benefits. Among these benefits include the wide variety of trading accounts and platforms which clients can choose from when trading. Furthermore, it has a large worldwide user base which is beneficial for clients wherever they live.

Pros

  • Low initial deposit 
  • Wide choice of trading platform 
  • A wide array of trading accounts 

Cons

  • High leverage = high risk 

Conclusion

NordFX is a reputable broker and an excellent choice when it comes to trading with its amazing trading conditions and variety of trading platforms. This is definitely one of the best online Forex.brokers that one can use when trading.