NordFX Review 2019

  • Your capital is at risk


NordFX Review

“Part of a group of companies with a long-standing operational track record that dates back to 2008. The broker offers a selection of account types including ECN for Forex, Cryptos, precious metals, and indices. The broker also offers managed investment funds”

NordFX is an international online brokerage brand that is owned and managed by a Vanuatu registered company called NFX Capital Vu Inc. The company has its office at Vantu House 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu. Founded in 2008, NordFX offers its clients online trading services for cryptocurrencies, forex, precious metals, and market indices. In addition, NordFX also offers managed investment funds for its clients. The broker offers competitive spreads starting from just 0.0 pips on the Zero account which is an ECN account. This is the Electronic Communications Network where the broker passes on the trades through to third-party liquidity providers, rather than taking on the trade themselves. This brings the trader lowers costs for each trade as it works on volume of trades.  It also means your broker isn’t taking the other side of the trade too, which removes the element of conflict of interest.

Then up to 2 pips for the micro account called the FIX and they claim to offer fast execution of trades at just 0.5seconds as a result of stable servers.

NordFX Video Review

 Investor Protection & Regulations

“Regulated and licensed by the Vanuatu Financial Services Commission and SEBI. Certainly not the most stringent regulators, but comes with a level of transparency and disclosure.”

In terms of regulations, NordFX are regulated by the Vanuatu Financial Services Commission (VFSC) under the Registration No.: 15008 and SEBI. While the level of protection offered by the VFSC and SEBI is not as high as other leading financial regulatory bodies in Europe and in the United States, NordFX alleges to operate with the same operational transparency as its sister company NordFX Cy which is regulated by CySEC.

To comply with strict anti-money laundering regulations, NordFX has its own internal control and procedures to establish clients’ identities and addresses. They also claim to have stable servers and platforms and to execute orders within 0.5 seconds.

Tradable Products

“Offer to trade in Forex, Cryptos, precious metals and indices. The broker also offers managed investment funds.”

NordFX offers its clients a wide range of financial products. In total, there are 33 currency pairs which one can trade on the NordFX’s trading platforms. NordFX also offers cryptocurrencies trading for 14 crypto pairs, 4 crypto indices, gold, and silver.

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However, NordFX differs from other online brokers in the industry in the sense that it also offers managed investment services. Clients of NordFX can choose between capital protection and guaranteed income. In addition, they have the option to decide how much to invest as well as the duration of their investments.

In addition to investment products, NordFX also offers an easy way for beginner traders to invest in the stock markets by way of managed funds. With these funds, you can deposit and withdraw whenever you like. These funds are categorized into 3 different types of funds, Pro-Industry Fund, Pro-Expert Fund, and Pro-TECH Fund. Investments in these funds start from $1000 for a minimum duration of 3 months. It is worth noting the broker’s disclaimer at the bottom of the broker’s website pages here and here as yields seem very high and we question the risks.

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Pro-Industry Fund

This fund gives you access to shares of the global giants with the best growth prospects in one industry. Recommended investment period here is 6 months to 1 year and you should invest a minimum of $1000.

Pro-TECH Fund

This fund includes shares of high-tech leading firms with some of the best performance in the industry. Recommended investment period here is 3 months to 1 year and you should invest a minimum of $3000.

Pro Expert Fund

The Pro Expert fund offers you the chance to buy shares in the global leading companies across various industries with the largest growth potential. Recommended investment period here is 3 months to 1 year and you should invest a minimum of $5000.

Account Opening

“4 types of trading accounts with low minimum deposit requirements, starting at just $10 plus a demo account to practice on.”

NordFX caters to all types of traders. They have trading accounts which are suited for beginner traders, experienced traders and professional traders. Altogether, there are 4 different types of trading accounts not including the free demo account. These are Fix Account, Pro Account, Zero Account, and Crypto Account.

Fix Account

  • Minimum deposit of $10
  • 28 currency pairs + 14 crypto pairs + gold + silver + 4 crypto indices
  • Instant Execution
  • Commission-free trading
  • Leverage 1:1000
  • Spreads from 2 pips

Pro Account

  • Minimum deposit of $50
  • 33 currency pairs + 14 crypto pairs + gold + silver + 4 crypto indices
  • Market Execution
  • Commission-free trading
  • Leverage 1:1000
  • Spreads from 0.9 pips

Zero Account

  • Minimum deposit of $100
  • 33 currency pairs + 14 crypto pairs + gold + silver + 4 crypto indices
  • Market Execution
  • Commission-free trading
  • Leverage 1:1000
  • Spreads 0 pips

Crypto Account

  • Minimum deposit of $100
  • Taker fee: 0.09%
  • Maker fee: 0.02%
  • 16 crypto pairs+ 4 crypto indices
  • Market Execution
  • Spreads from 1 pip

To open an account at NordFX, you can either do so by filling out the registration form on the site or by registering through social media channels such as Facebook and Twitter. The account can be funded in US dollars or by cryptocurrencies such as Bitcoin and Ethereum. Before any withdrawal of funds is processed, you are required to verify your account by providing NordFX with copies of your ID and utility bills.

Additionally, NordFX offers to trade with their Ramm account which is their copy trading feature. You can open an account straight away, make a deposit and start using the service. It allows you to automatically copy the trading strategies of other traders. You can browse through the traders’ strategies and take a look at their stats in order to identify those strategies you would like to copy. You can have as many strategies as you wish on your RAMM account. Additionally, you can become a strategy provider yourself and receive up to 50% of their profit as a performance fee on a weekly basis. * Please note that all account details you see here are according to the broker’s website at the time of writing.

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Deposit & Withdrawals Options

“Payment methods supported include bank wire transfer, credit cards and a wide range of online payment system and processing takes up to 6 business days.”

For the convenience of their clients, NordFX supports a wide range of payment methods. You can fund your trading account at NordFX through bank wire transfer, credit cards and online payment methods such as WebMoney, Skrill, Neteller, AliPay and Perfect Money. Withdrawal of funds can also be executed through bank wire transfer, credit cards, and online payment systems. Depending on the methods used, the transfer period takes between one business day to 6 business days and the commissions vary from 0 to 4% for PayToday. You can stay on top of payment methods available and their costs through the NordFX website. * All payment method details you see here are according to the broker’s website at the time of writing.

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Web & Desktop Trading Platforms

“Supports MetaTrader 4 and MetaTrader 5 trading platforms as well as the Ramm platform for automated trading.”

NordFX uses the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are only available as desktop clients which must first be downloaded and installed.

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MetaTrader 4 Platform

Described as the most popular online trading platform in the financial industry, the MT4 is well known for its fast execution of trades as well as a large number of trading tools integrated onto the trading platform. It has a comprehensive charting package, supports multiple order types and automated trading through the use of Expert Advisors. The inbuilt MQL4 programming language enables you to create your own technical indicators as well as trading scripts. This platform must be downloaded and installed into your desktop terminal. You will then login using the account details you were sent when opening your account.

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MetaTrader 5 Platform

The MetaTrader 5 trading platform is often regarded as an updated version of the MT4 trading platform. It supports different types of markets, unlike the MT4 which is geared primarily towards the forex market. With the MT5 trading platform, you will be able to trade the cryptocurrency markets with ease. It supports live news feeds, 7 types of trade orders, the ability to view the depth of the market and also comes with a wide range of trading tools.

MetaTrader 4 MultiTerminal

For professional traders and money managers, NordFX has provided them with the MetaTrader 4 MultiTerminal. The platform comes with a user-friendly interface which will enable its users to manage several trading accounts at once with relative ease.

Ramm Service

As mentioned earlier NordFX also offers a copy trading service where you can copy the trading strategies of other traders or become a trading strategy provider yourself in order to see 50% of the followers’ profits.

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Mobile Trading Platforms

“Android and iOS compatible MT4 mobile trading apps are available for download.”

For traders wishing to trade the markets directly from their smartphones or tablets, they can download the MT4 mobile trading apps from Google Playstore or Apple App store. These mobile trading apps are optimized for smartphones and offer traders control of their trading accounts, ability to trade the markets directly from their smartphones, live interactive charts, secure data transmission and access to trading history. They also support a full set of trading orders.

Commissions & Spreads

“Offers a range of competitive spreads for different types of trading accounts starting at 0.0 pips for the Zero account.”

Depending on the type of trading account, traders pay a mix of commissions and spreads for trades executed on NordFX’s trading platform.

Fix account: trades are commission free and the minimum spread starts from 2 pips.

Pro account: trades also commission free but with lower spreads. The minimum spread for the Pro account starts from 0.9 pips.

Zero account: traders trade through the ECN system which offers raw spreads which can be as low as zero pip. Trades, however, are charged a commission of 0.0045% per trade (each side).

crypto trading: the minimum spread starts from 1 pip. The Maker fee is 0,02% while the Taker fee is 0,09%. * Please note that all figures here are as according to the website data at the time of writing.

Bonus & Promotions

“Currently no bonuses or promotions on offer.”

At present, NordFX does not have any bonuses or promotional scheme.

Customer Support

“Multilingual support available through telephone support in 14 languages. A variety of localized telephone numbers.”

To cater to an international clientele base, the website is translated into 14 different languages including as English, Russian, Chinese, Indonesian, Spanish, Portuguese, Arabic, Hindu, Malay, Thai, and Vietnamese.

Access to the support staff is through email, telephone or live chat. For telephone support, the broker has provided 5 localized telephone numbers for China, India, Russian Federation, Sri Lanka, and Thailand. Responses on live chat are fast and customer service representatives are polite and knowledgeable. We asked a question about leverage and the rep answered it within 1 minute, in a very helpful manner. Apart from the usual methods of contacting the support staff, NordFX customer support is also accessible through social media channels such as Facebook and Twitter.


“A comprehensive weekly analysis provided by in-house analyst and trading signals available.”

NordFX provides a weekly market analysis of the forex and cryptocurrency markets. These analyses are written by the in-house analyst Roman Butko and seem quite comprehensive. In addition to the weekly analysis, you also have access to other trading tools such as an economic calendar, trading signal service, a trading calculator and VPS.


“Resources provided include videos, articles, trading courses and ebooks.”

For beginner traders, there is also a learning center provided by the broker. Resources that can be found in the learning center include video on demand (VOD), a beginner course, trading strategies, ebooks on forex trading, tutorials on how to use the MT4 platform and short video courses on economics. There are also articles in the learning center for trading strategies and reviews of Robo advisors. Overall, the resources are comprehensive covering traders of all skill levels.

Trading Experience

“Suitable for both beginner and experienced traders due to the varied services and products offered.”

From our review, NordFX offers trading services for both beginner and experienced traders. The MetaTrader trading platform is simple enough for beginner traders and advanced enough to cater for the trading needs of the more experienced trader. In addition, the range of products also should cover the investment appetites of both categories of traders. Traders who want to invest in the markets on an individual basis can do so with the modest range of instruments that are available for trading. For beginner traders who prefer the automated approach toward investing, they can opt to invest in managed funds and products offered by the broker.

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  • Is NordFX a regulated broker?

Yes, they are a regulated broker licensed by the Vanuatu Financial Services Commission (VFSC) under the Registration No.: 15008 and SEBI.

  • What type of products does NordFX offer?

NordFX offers online trading services for forex, cryptocurrencies, market indices, precious metals, investment products, and managed funds services.

  • What types of trading account are available at NordFX?

NordFX offers 4 main type of trading accounts, Fix account for beginner traders, Pro account for experienced traders, Zero accounts for ECN trading and Crypto account for cryptocurrency trading.

  • Do I pay spreads or commission on my trades at NordFX?

Commission based trades are only applicable to trades made through the ECN system. For Crypto, Fix and Pro accounts, you have to pay a small spread on your trades.

  • Is there a minimum deposit required to open a live trading account on NordFX?

Yes, you are required to make a minimum deposit of at least $10 on the Fix account. For the Pro and Zero account, the minimum deposit requirements are $50 and $100 respectively.

Pros and Cons


  • Long track history (dates back to 2008)
  • Reliable trading platforms
  • Offers managed investment services as well


  • No investor protection scheme
  • VFSC & SEBI are not the most stringent regulation available.


The broker is able to cater to both beginner and experienced traders through its various services and products offered. Most unique about this broker is the fact that it also offers managed investment funds.


Company Information

Broker DetailsInfo
Regulated byCySEC, VFSC
Headquarters CountryVanuatu
Foundation Year2008
Publicly TradedNo
Number Of Employees100

Deposit Options

Credit Card, FasaPay, Moneybookers, Neteller, OKPay, Payza, QIWI, Skrill, Webmoney, Wire Transfer

Withdrawal Options

Credit Card, FasaPay, Moneybookers, Neteller, Payza, QIWI, Skrill, Webmoney, Wire Transfer, Yandex.Money

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$10
Max. Leverage1:1000
Mini AccountYes
Demo AccountYes
Premium AccountYes
Segregated AccountNo
Islamic AccountYes
Managed AccountYes

NordFX Trading Features

Suitable For

Trader LevelYes/No
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Arabic, Bengali, Chinese, English, Farsi, Hindi, Indonesian, Malaysian, Portuguese, Russian, Spanish, Thai, Vietnamese

Trading Services

Supported Trading PlatformsMT4, MT5
Commission On TradesYes
Fixed SpreadsYes
Educational ServiceYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Trailing SP/TPYes
Automated TradingYes
Has VPS ServicesYes

Supported Instruments

Instrument TypeYes/No

NordFXUser Reviews

Rate this broker
  • 5.0
  • 5.0
    Best ever trade
  • 4.0
    Their spreads are as - 0.2 pips
  • 5.0
    Good broker
  • 4.0
    Industry Proven Trading Platforms
    Dylan Hayden
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