Traders may use their Google, Facebook, or Twitter accounts to complete this step. Traders get quality weekly market reviews from NordFX, which I find informative and well-presented, but it would be better to get it daily. Complementing copy trading is the PAMM service available at NordFX, catering to traditional retail account management under the NordFX umbrella. Completing the asset management focus at NordFX are five investment funds this broker manages. The minimum deposit requirements range between $500 and $2,000 with an investment timeframe from three months to one year. When it comes to trading with a broker, our main priority is fast deposit and withdrawal as well as reasonable spreads along with support.
Affiliate Program
All NordFX clients have the option to avail of their virtual private server provided by Fozzy. In the event that you get a negative balance on your account, you will need to email NordFX’s finance department and request for your account balance to be brought back to zero. You have to provide your account number and password in your email request.
How To Open a NordFX Account
We lowered the nordfx.com review score as we found several websites on the same server with a low trust score. Online scammers have a tendency to set-up multiple malicious websites on one server, sometimes more than hundreds. You can see which websites we found under the “Server” limefx tab on this page. This isn’t an exhaustive list and the FCA regularly updates it with new companies to watch out for. And if you have any doubts about a forex broker you can contact the FCA to find out whether the company is legitimate and report any unauthorised firms.
NordFX Account Types
As a forex and CFD broker, NordFX offers clients all over the world online trading services. The business was established in 2008, and its main office is in Port Vila, Vanuatu. A variety of financial products are available for trading through NordFX, including currency pairs, commodities, equities, and cryptocurrencies.
Easy Deposits and Withdrawals by Crypto…
Through NordFX’s numerous payment method options, clients are given the convenience of transferring their funds into their trading accounts with ease. You can make a deposit or withdraw your funds through card banking, Bank Wire, Neteller, WebMoney, Skrill, Perfect Money, and a lot more options to choose from. The clients must visit the client portal and choose their preferred payment method to deposit or withdraw funds. The research provided by NordFX is light, but the educational section is solid. Asset selection is overall limited but should be sufficient for retail traders. Regrettably, only the core MT4 trading platform is available.
Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. All the clients trading with its offshore entity are in danger due to offshore regulation. Therefore, we would advise every client to check under which entity of NordFX broker it belongs. If you find out that you will be trading with NordFX Vanuatu, be extremely careful. Or better yet, choose a broker with tier-1 regulation such as FCA or ASIC. Besides this entity, the company also has entities in Vanuatu and Scotland, UK.
- MT4’s key features include excellent trading security, support for various time intervals, and execution choices like Instant Execution and Market Execution.
- The people behind the online scams you see might be the victim of a scam themselves.
- Fraudsters will often use the name and registration number of an authorised forex broker.
- Traders may choose between a more expensive commission-free Forex account or a competitively priced commission-based alternative.
- One of the most important things that you are interested in as a trader is the platforms that you have access to at a broker.
When you are just starting out trading Forex, it can be slightly daunting. That is why it is always a nice touch when a broker includes guides and other resources. For those of you who are looking for a tool that gives you more control over your portfolio risk then NordFX has included a RAMM service.
These videos are all well presented and quite informative. They are positioned to a number of different skill levels with the beginners guides on elementary forex disciplines and trading strategies. These are in-depth and long form pieces that are written up by Roman Butko, the head of research https://forexhero.info/ at NordFX. There are also more thoughtful pieces that he has done including the most recent analysis piece on the Basel III capital requirements. It is also important to point out that if you funded your account with a credit card then they will first return the deposited amount onto that card.
I like the trading environment at NordFX for scalpers and high-frequency traders requiring few assets. I also appreciate NordFX for focusing on asset management, where it manages five internal funds, offers traditional PAMM accounts, and deploys its proprietary copy trading platform. The hassle-free withdrawals are another essential benefit, making NordFX a premium broker for committed traders.