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NordFX Review 2022

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The Big Picture

NordFX is a trademark of NFX CAPITAL VU INC and is authorised and regulated offshore by the Vanuatu Financial Services Commission (VFSC). The broker offers the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Shares and Cryptocurrencies, all through the globally popular MetaTrader 4 platform.

NordFX was founded in 2008 and is a Forex and CFD broker authorised and regulated offshore by the Vanuatu Financial Services Commission (VFSC). The broker provides the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Shares and Cryptocurrencies, all through the globally popular MetaTrader 4 platform for PC and MAC.

Users can choose from four main account types called Fix, Pro, Zero and the Savings account. The Fix and Pro accounts are commission-free with slightly larger spreads whereas Zero accounts are commission-based but with raw spreads. The Savings account is for account balances in stablecoins only. Demo and Islamic (swap-free) accounts are also available.

There are a variety of funding methods available including debit/credit card, bank wire, Neteller, Skrill, WebMoney, Perfect Money and more. The majority of deposit methods are fee-free, however, there are charges for some withdrawal methods. Users can also take advantage of the $100,000 Super Lottery promotion available until December 31, 2021.

The broker offers a range of educational and research material including Market Analysis, Trading Signals, an Economic Calendar, Forex Videos, a Glossary and more. The broker also provides multilingual customer support available 24/5 through Live Chat, Email and Phone.

Pros: Cons:
  • 100+ financial CFD instruments.
  • Commission-free trading available.
  • Up to 1:1000 leverage
  • 24/5 customer support
  • Regulated offshore.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
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NordFX Main Features
☑️
Regulations
VFSC (Vanuatu)
️🗺
Supported Languages
English, Spanish, Arabic, Portuguese, Hindi, Chinese, Vietnamese, Indonesian, Malaysian, Thai, Bengali, Farsi
💰
Products
Currencies, Commodities, CFDs, Indices, Stocks, Crypto
️💵
Min Deposit
$10
💹
Max Leverage
1:1000 (VFSC)
🖥
Trading Desk Type
ECN, No dealing desk, STP
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NordFX Full Review

NordFX Video Review

Investor Protection & Regulations

“NordFX is a trademark of NFX CAPITAL VU INC and is authorised and regulated offshore by the Vanuatu Financial Services Commission (VFSC) ”

NordFX is a trademark of NFX CAPITAL VU INC and is authorised and regulated offshore by the Vanuatu Financial Services Commission (VFSC), as shown on the regulator’s register below:

The broker’s client agreement does state negative account balances are restored to zero and client funds are separated from company funds.

Tradable Products

“NordFX offers the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Shares and Cryptocurrencies.”

NordFX offers the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Metals, Shares and Cryptocurrencies. Below is a list of just some of the available markets for trading:

Forex Shares
EURJPY | GBPAUD | USDCAD | AUDUSD | GBPCHF | EURCAD | GBPCAD |AUDCHF | EURNZD Apple | Amazon | Tesla | Netflix
Indices Cryptocurrencies*
Dow Jones 30 | JP225 | SPX500 | Hong Kong 50 Bitcoin| Ethereum| XRP | Litecoin
Commodities
Gold | Silver | West Texas Crude Oil | Brent Crude Oil

*Cryptocurrencies are traded on https://nordfx.io/.

**Details regarding the available assets are taken from the NordFX website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the entity, account type opened and instrument being traded and are covered further down this review.

Account Opening

“NordFX offers four main account types – Fix, Pro, Zero and the Savings account as well as Islamic (swap-free) and demo accounts. ”

NordFX offers four main account types – Fix, Pro, Zero and the Savings account as well as Islamic (swap-free) and demo accounts. The main features of each account are summarised in the below table:

Fix Pro Zero
Min. deposit 10 250 500
Average Spreads 2 Pips 0.9 Pips 0.0 Pips
from
Commissions Zero commissions Zero commissions 0,0035% per
trade (each side)
Leverage Up to 1:1000 Up to 1:1000 Up to 1:1000
Minimum Trade Size 0.01 lot 0.01 lot 0.01 lot

The NordFX Savings account is an interest-based account on deposited and loan funds on invested capital. The minimum deposit is $500 and the account balance is only in USDT, DAI, BUSD and other stablecoins. Interest is paid daily and is floating depending on the market.

Users can open a new account in just a few steps, as described below:

  1. Sign Up: Name, email, contact number, currency, leverage and account type.
  2. Verify Identity: Submit proof of identity (ID or passport) and residence address (utility bill or bank statement – not more than 3 months old).

The client portal is shown below:

NordFX does not offer services in the USA, Canada, EU, Cuba, Sudan, Syria, and North Korea.

Deposit & Withdrawals options

“NordFX offers clients the ability to deposit and withdraw funds using a variety of methods including debit/credit card, bank wire, Neteller, Skrill, WebMoney, Perfect Money and more.”

NordFX offers clients the ability to deposit and withdraw funds using a variety of methods including debit/credit card, bank wire, Neteller, Skrill, WebMoney, Perfect Money and more. The below tables show the respective accepted currencies, fees, and transfer periods for some of the popular funding methods:

Deposits Currency Fees Transfer Period
Debit/Credit Card USD, EUR No fees Instant
Bank Wire USD, EUR Only bank fees 3-5 business days
Neteller USD No fees Instant
Skrill USD, EUR No fees Instant
WebMoney USD, EUR 0.8% but not more Instant
than $50
Perfect Money USD, EUR – Premium account 0.5% Instant
– Verified account 0.5%
– Unverified account 1.99%
Withdrawals Currency Fees Transfer Period
Debit/Credit Card USD, EUR 4% of the amount + $7.50 5-6 business days
Bank Wire USD, EUR Only bank fees 3-6 business days
Neteller USD 5% but not more Within 1 business day
than $500
Skrill USD, EUR 0.01 Within 1 business day
WebMoney USD, EUR 0.8% but not more Within 1 business day
than $50
Perfect Money USD, EUR 0.005 Within 1 business day

Clients can deposit and withdraw funds through the client portal.

Web & Desktop Trading Platforms

“NordFX offers users the ability to trade through the popular MetaTrader 4 trading platform for PC and MAC. ”

NordFX offers users the ability to trade through the popular MetaTrader 4 trading platform for PC and MAC. The platform features are highlighted below:

NordFX MetaTrader 4 (PC/MAC)

  • Fully customisable
  • Advanced charting capability
  • Range of tools and indicators
  • Interactive Charts
  • Expert Advisors

A screenshot of the NordFX MetaTrader 4 (PC) trading platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“NordFX offers the ability to trade on the go via the MetaTrader 4 mobile app for Android and iOS devices.”

NordFX offers the ability to trade on the go via the MetaTrader 4 mobile app for Android and iOS devices. All app download links can be found in the Google PlayStore or Apple AppStore.

The NordFX MetaTrader 4 mobile trading app provides a range of different features including:

  • Trade and manage your account on the go
  • 9 time-frames
  • 3 types of charts
  • Full set of trade orders

The NordFX MetaTrader 4 mobile trading app is covered in more detail in the video review.

Trading Features

NordFX offers various additional trading features including investment funds, copy trading, a Virtual Private Server (VPS) and PAMM trading accounts.

NordFX offers various additional trading features including investment funds, copy trading and a Virtual Private Server (VPS). Currently, there are five investment funds: Pro-Expert Fund, Industry Fund, Corona Plus Fund, Corona Minus Fund and a Pro-Tech Fund. Each fund invests in a basket of stocks that fit the fund’s overall strategy and users can start to invest with a minimum of $500.

Copy-trading allows users to copy the trading activity of top signal providers. Experienced traders can earn additional profit by selling their trading signals and beginners by copying them. Furthermore, users can request a Virtual Private Server (VPS) for ultrafast execution speeds and 24/7 uptime for 13.95 USD per month.

With NordFX you can also access PAMM Trading. This is where you can either register as a:

  • PAMM Manager so you can have investors follow your trading for a fee. You have to open a Pro or Zero account and you can trade forex, cryptos, silver, oil and stock indices. 
  • PAMM Investor so you can follow a PAMM Manager of your choosing. You are able to view their performance and strategy results and then enter your investment for them to trade your funds.  

Commissions & Spreads

“Trading costs with NordFX vary depending on the market being traded and the account type opened. The FIX and Pro accounts are commission-free whereas the Zero account is commission-based. Overall, costs are transparent and competitive.”

Trading costs with NordFX vary depending on the market being traded and the account type opened. The Fix and Pro accounts are commission-free with slightly larger spreads whereas the Zero accounts are commission-based but with raw spreads. Overall, costs are transparent and competitive.

The below table shows the average spreads for each account:

Fix Pro Zero
Average Spreads from 2 Pips 0.9 Pips 0.0 Pips
Commissions Zero commissions Zero commissions 0,0035% per trade (each side)

For non-Islamic accounts, overnight funding or ‘swap’ fees are also charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does charge a 10 USD (per month) inactivity account fee if there has been no account activity for 365 calendar days.

Bonus & Promotions

“As NordFX is located offshore there is a $100,000 Super Lottery promotion available until December 31, 2021.”

As NordFX is located offshore there is a $100,000 Super Lottery promotion available until December 31, 2021. To qualify, users must deposit at least $200 into their account and trade a minimum of 2 lots during the lottery period.

Customer Support

“NordFX offers multilingual customer support 24/5 via Live Chat, Email and Phone.”

NordFX offers multilingual (English, Spanish, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese) customer support 24/5 via Live Chat, Email and Phone. There is also a contact form on the support section of the website.

After testing the live chat function, we were greeted by an agent after 1 minute who answered our question promptly, as shown below:

  • Address:
    • Pot 805/103 Rue D’Auvergne, Port Vila, Vanuatu.
  • Phone:
    • +91 120 4333948
Email:

Research

“NordFX provides a variety of market research including Market Analysis, Trading Signals, an Economic Calendar, a Trader’s Calculator and a Currency Converter.”

NordFX provides a variety of market research including Market Analysis, Trading Signals, an Economic Calendar, a Trader’s Calculator and a Currency Converter. Some of the main research available is explained below:

  • Market Analysis: Provides weekly upcoming news stories and events across the globe as well as a comprehensive analysis of Forex and Cryptocurrencies.
  • Trading Signals: Users can open a MQL5.community account and subscribe to trading signals which are copied directly to their NordFX MetaTrader 4 account.
  • Economic Calendar: Users can keep up to date with current and future economic events and data releases.
  • Trader’s Calculator: Users can enter the parameters of a trade and calculate the potential profit.
  • Currency Converter: This tool provides an instant exchange rate between any two currencies.

Overall, the market analysis section is comprehensive and includes a lot of the upcoming news and events each week but the content is only in article format. Trading Signals are also useful to newer traders as they can copy the trades of more experienced traders simply through a subscription.

Trader Education

“NordFX provides a range of educational material through its learning centre that includes Articles, Forex Videos and a Glossary.”

NordFX provides a range of educational material through its learning centre that includes Articles, Forex Videos and a Glossary. The content in the article section is detailed and is updated monthly but the forex videos do cover a wider range of topics and are also sorted by category: Beginners, Advanced, Terms, Strategies and MetaTrader. Users will need to have an account to access the majority of videos in this section. There is also a comprehensive glossary with key trading terms and their definitions.

Trading Experience

“NordFX offers a great all-around service to users allowing them to access over 100+ financial CFD instruments covering Forex, Indices, Commodities, Shares and Cryptocurrencies, all through the globally popular MetaTrader 4 trading platform for PC and MAC.”

NordFX offers a great all-around service to users allowing them to access over 100+ financial CFD instruments covering Forex, Indices, Commodities, Shares and Cryptocurrencies, all through the globally popular MetaTrader 4 trading platform for PC and MAC.

There are four main account types to choose from – Fix, Pro, Zero and the Savings account. The Fix and Pro accounts are commission-free with slightly larger spreads whereas the Zero accounts are commission-based but with lower spreads. 

As NordFX is based offshore, users can take advantage of the $100,000 Super Lottery promotion available until December 31, 2021. Additionally, there is a range of funding methods available a great choice of trading features, market research and education material.

FAQ

Is NordFX regulated?
NordFX is a trademark of NFX CAPITAL VU INC and is authorised and regulated offshore by the Vanuatu Financial Services Commission (VFSC).

Where is NordFX based?
Pot 805/103 Rue D’Auvergne, Port Vila, Vanuatu

How does NordFX make money?
NordFX makes money throughspreads, commissions and swaps on certain tradable asset classes and trading accounts.

How do I deposit in an NordFX account?
Funds can be deposited into a trading account via debit/credit card, bank wire, Neteller, Skrill, WebMoney, Perfect Money and more.

What is the min. deposit for NordFX?
The minimum deposit is $10.

How do I withdraw money from NordFX?
Withdrawals can be made from NordFX via debit/credit card, bank wire, Neteller, Skrill, WebMoney, Perfect Money and more.

What is the max leverage in NordFX?
The maximum leverage offered by NordFX is 1:1000.

How do I open an account with NordFX?
An account can be opened at the click of a button on the NordFX website and can be done in just a few steps.

Does NordFX use MetaTrader?
Yes, MetaTrader4.

Conclusion

“NordFX is a trademark of NFX CAPITAL VU INC and is authorised and regulated offshore by the Vanuatu Financial Services Commission (VFSC). The broker offers the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Shares and Cryptocurrencies, all through the globally popular MetaTrader 4 platform.”

NordFX was founded in 2008 and is a Forex and CFD broker authorised and regulated offshore by the Vanuatu Financial Services Commission (VFSC). The broker provides the ability to trade on more than 100+ financial CFD instruments covering Forex, Indices, Commodities, Shares and Cryptocurrencies, all through the globally popular MetaTrader 4 platform for PC and MAC.

Users can choose from three main account types called Fix, Pro and Zero. The Fix and Pro accounts are commission-free with slightly larger spreads whereas Zero accounts are commission-based but with raw spreads. Demo and Islamic (swap-free) accounts are also available. The Savings account is for account balances in stablecoins only. Demo and Islamic (swap-free) accounts are also available.

There are a variety of funding methods available including debit/credit card, bank wire, Neteller, Skrill, WebMoney, Perfect Money and more. The majority of deposit methods are fee-free, however, there are charges for some withdrawal methods. Users can also take advantage of the $100,000 Super Lottery promotion available until December 31, 2021.

The broker offers a range of educational and research material including Market Analysis, Trading Signals, an Economic Calendar, Forex Videos, a Glossary and more. The broker also provides multilingual customer support available 24/5 through Live Chat, Email and Phone.

  • 100+ financial CFD instruments.
  • Commission-free trading available.
  • MetaTrader 4 available
  • 24/5 customer support
broker

Your capital is at risk

See NordFX Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Vanuatu
Foundation Year
2008
Regulations
VFSC (Vanuatu)
Publicly Traded
No
Number Of Employees
100-200
Trading Desk Type
ECN, No dealing desk, STP
Trading platforms
MT4
Restricted Countries
United States, France, United Kingdom, Czech Republic, Germany, Italy, North Korea, Lithuania, Poland, Greece, Sudan, Slovakia, Portugal, Slovenia, Syria, Netherlands, Austria, Spain, Canada, Cuba
Supported Languages
English, Spanish, Arabic, Portuguese, Hindi, Chinese, Vietnamese, Indonesian, Malaysian, Thai, Bengali, Farsi
Min Deposit
$10
Max Leverage
1:1000 (VFSC)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Moneybookers, Webmoney
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Moneybookers, Webmoney, QIWI
Cryptocurrencies
Bitcoin Cash, Ethereum Classic, Bitcoin, Litecoin, Zcash, Ripple, Dash, OmiseGO, EOS, Ethereum
Fixed Spreads
Yes
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, Stocks, Crypto
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
No
Managed Account
Yes
Institutional Account
No
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