NordFX offers its clients the above account types on the widely used MetaTrader 4 platform. They can trade in more than 30 currency pairs, precious metals and cryptocurrencies CFDs (Bitcoin, Ethereum, Ripple, Dash, Litecoin and Bitcoin Cash).
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.
Minimum Initial Deposit
NordFX requires $100 as a start, which is more or less the average for the industry.
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.
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.
Indeed, the MT4 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.
You may look up more brokers using the MT4 here.
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.
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.
NordFX review Conclusion
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