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NordFX Broker Review 2024

Update: December 2023

NordFX Overview & Awards

Overview

NordFX is a well-regulated and reputable broker that offers a wide variety of markets and products to trade. NordFX also offers competitive fees and commissions, as well as a variety of deposit and withdrawal methods. NordFX is a good choice for traders of all levels of experience.

NameNordFX
OfficesRussia, Indonesia, India, Thailand, Vietnam, Myanmar, Kazakhstan, Uzbekistan, Azerbaijan, Georgia, Armenia, Belarus, Ukraine, Moldova
Established since2008
Minimum Deposit$10
Account currencyUSD, EUR, GBP, RUB, IDR, VND, THB
LeverageUp to 1:1000
Trading AccountsStandard, Pro, Zero
Instruments OfferedForex, CFDs, metals, indices, cryptocurrencies
Trading PlatformMetaTrader 4, MetaTrader 5, WebTrader
VPS hosting SupportedYes
RegulationCySEC
Spreads on accountsFrom 0 pips

NordFX Regulation and Security

NordFX is regulated by the International Financial Services Commission (IFSC) of Belize. The IFSC is a reputable regulator that oversees the activities of financial institutions in Belize. NordFX is also a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The Financial Commission provides protection to traders in the event of a dispute with their broker.

NordFX uses a variety of security measures to protect its clients’ funds, including:

  • Segregated client accounts
  • Negative balance protection
  • DDoS protection

Sign up with a trading account with NordFX

Get the best Low Spread Forex Brokers to trade Forex, Stocks, Indices, and Commodities
– Instant ECN Execution Trading with NordFX

NordFX Trading Accounts

NordFX offers a variety of trading accounts to suit the needs of different traders. The company’s accounts are all commission-free and offer tight spreads. NordFX also offers a demo account that traders can use to practice trading without risking any money.

FeatureStandardProZero
Minimum Deposit$10$10$10
Account currencyUSD, EUR, GBP, RUB, IDR, VND, THBUSD, EUR, GBP, RUB, IDR, VND, USD, EUR, GBP, RUB, IDR, VND, THB
LeverageUp to 1:1000 Up to 1:1000 Up to 1:1000
Instruments OfferedForex, CFDs, metals, indices, cryptocurrenciesForex, CFDs, metals, indices, cryptocurrenciesForex, CFDs, metals, indices, cryptocurrencies
Trading Platforms supportedMetaTrader 4, MetaTrader 5, WebTraderMetaTrader 4, MetaTrader 5, WebTraderMetaTrader 4, MetaTrader 5, WebTrader
Spreads on accountsFrom 0 pipsFrom 0 pipsFrom 0 pips

NordFX Trading Instruments

NordFX offers a wide range of trading instruments, including:
– Forex
– Metals
– CFDs on stocks
– CFDs on indices
– Cryptocurrencies

Overall, NordFX is a reputable and well-regulated broker that offers a wide range of trading products and services to its clients.

NordFX Fees & Commissions

NordFX offers a variety of account types with different fee structures. The Fix account has a minimum deposit of $100 and spreads starting from 0.5 pips. The Pro account has a minimum deposit of $500 and spreads starting from 0.3 pips. The Zero account has a minimum deposit of $1,000 and offers zero spreads on some currency pairs.

NordFX also charges a commission on all trades. The commission is based on the trading volume and the account type. For example, the commission on the Fix account is $10 per lot, the commission on the Pro account is $5 per lot, and the commission on the Zero account is $0 per lot.

Sign up with a trading account with NordFX

Get the best Low Spread Forex Brokers to trade Forex, Stocks, Indices, and Commodities
– Instant ECN Execution Trading with NordFX

NordFX Execution and Spreads

NordFX is a broker that offers tight spreads and fast order execution. The company’s spreads start from 0.0 pips, and its order execution is typically within 0.5 seconds. This means that traders can get the best possible prices for their trades and can enter and exit trades quickly and easily.

NordFX’s tight spreads and fast order execution are due to a number of factors, including:

The company’s liquidity providers: NordFX has a number of liquidity providers, which means that it has access to a deep pool of liquidity. This helps to ensure that traders can get the best possible prices for their trades.
The company’s technology: NordFX uses cutting-edge technology to execute trades quickly and efficiently. This helps to ensure that traders can enter and exit trades quickly and easily.

ECN Trading on NordFX

ECN (Electronic Communication Network) trading is a method of forex trading that allows traders to directly access the interbank market. This means that traders can get the best possible prices for their trades, as they are not dealing with a market maker. NordFX offers ECN trading on all of its accounts.

There are a number of benefits to ECN trading, including:

Tighter spreads: ECN traders typically get tighter spreads than market maker traders.
Faster order execution: ECN orders are typically executed faster than market maker orders.
More transparency: ECN trading is more transparent than market maker trading.
If you are looking for a broker that offers tight spreads, fast order execution, and ECN trading, then NordFX is a good option to consider.

NordFX Markets and Products

NordFX offers a wide variety of markets and products to trade, including:

Forex: NordFX offers over 40 currency pairs to trade, including majors, minors, and exotics.
Metals: NordFX offers gold, silver, and palladium to trade.
CFDs: NordFX offers CFDs on stocks, indices, and cryptocurrencies.

NordFX Trading Conditions

NordFX offers a variety of trading conditions, including:

Leverage: NordFX offers leverage of up to 1:1000.
Margin: NordFX requires a minimum margin of 5%.
Order execution: NordFX offers order execution within 0.5 seconds.
ECN: NordFX offers direct ECN access to liquidity providers.

NordFX Deposit & Withdrawal Methods

NordFX offers a variety of deposit and withdrawal methods, including:

Bank transfer: NordFX offers bank transfers for deposits and withdrawals.
Credit/debit card: NordFX offers credit/debit cards for deposits and withdrawals.
E-wallets: NordFX offers a variety of e-wallets for deposits and withdrawals, including Skrill, Neteller, and Perfect Money.

NordFX Trading Platforms

NordFX offers a variety of trading platforms to suit the needs of different traders. These platforms include:

MetaTrader 4: MetaTrader 4 is a popular forex trading platform that is known for its user-friendly interface and powerful features.
MetaTrader 5: MetaTrader 5 is the successor to MetaTrader 4 and offers a number of new features, such as market depth and hedging.
NordFX WebTrader: NordFX WebTrader is a web-based trading platform that can be accessed from any computer or mobile device.
Mobile Trading: NordFX offers mobile trading apps for iPhone/iPad and Android devices.

NordFX Pros and Cons

ProsCons
Low spreads from 0.0 pips
Leverage up to 1:1000
24/5 support
Order execution 0.5 seconds
Mobile trading
Direct ECN flow
Does not offer services to residents of the USA, Canada, EU, Russian Federation, Cuba, Sudan, or Syria
Limited educational resources
NordFX Customer Support

NordFX Customer Support

NordFX offers 24/5 customer support in multiple languages. Customers can contact NordFX by phone, email, or live chat.

NordFX Education and Training

NordFX offers a variety of educational and training resources to help clients learn about the forex market and how to trade successfully. These resources include:

A Getting Started section on the NordFX website that provides an overview of the forex market and how to open a trading account.
A Learning Center that offers a variety of forex trading courses, from beginner to advanced.

A Forex Glossary that defines common forex trading terms.
Useful Articles that provide in-depth information on a variety of forex trading topics.

In addition to these online resources, NordFX also offers webinars and seminars on a regular basis. These events are a great way to learn from experienced forex traders and get personalized advice.

NordFX Trading Tools and Resources

NordFX offers a variety of trading tools and resources to help its clients succeed in the forex market. These include:

Trading platforms: NordFX offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and NordFX WebTrader. These platforms offer a variety of features, such as technical analysis tools, charting tools, and order execution tools.
Trading accounts: NordFX offers a variety of trading accounts to suit the needs of different traders. These accounts include Fix accounts, Pro accounts, and Zero accounts. Fix accounts offer fixed spreads, while Pro accounts offer variable spreads. Zero accounts offer zero spreads on some currency pairs.

Trading tools: NordFX offers a variety of trading tools to help its clients succeed in the forex market. These tools include an economic calendar, trading signals, a VPS, a trader’s calculator, and a currency converter.
Education: NordFX offers a variety of educational resources to help its clients learn about the forex market. These resources include a forex glossary, a learning center, and useful articles.
NordFX Login

NordFX Login

NordFX has a secure login page. You can log in to your NordFX account by clicking on the “Log In” button in the top right corner of the page.

Sign up with a trading account with NordFX

Get the best Low Spread Forex Brokers to trade Forex, Stocks, Indices, and Commodities
Instant ECN Execution Trading with NordFX

+ posts

Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Forbes, Benzinga, and others.

+ posts

Kathleen Brooks is based in the UK London. She uses both fundamental and technical methods in her analysis.
Kathleen has regularly contributed to reputable finance journals such as, Reuters, Financial Times and the Wall Street Journal.

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