Forex broker | |
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Official website | |
Social network | |
Date of foundation | 2008 |
Head Office | Pot 805/103 Rue D'Auvergne, Port Vila, Vanuatu |
Company owner | NFX CAPITAL VU INC |
Types of support | |
Phone Support | |
Languages | English, Spanish, Portuguese, Korean, Chinese, Vietnamese, Indonesian, Malaysian, Thai, Arabic, Hindi |
Terminals | MetaTrader 4, MetaTrader 4 MultiTerminal |
Min. first deposit | From 10 USD |
Brokerage commission | On the Zero account: 0.0035% per trade (each way). On the Stocks account: 0.2% per trade |
Lot size | From 0.01 On all types of accounts |
Maximum open positions | Until 100 On all types of accounts |
Leverage | Until 1:1000Depends on the type of account |
Spreads | From 0.0 points |
Free demo account | |
Adjustable | Yes |
Regulators | VFSC15008 SEBI |
Types of accounts | Demo, Fix, Pro, Zero, Stocks, PAMM accounts |
Margin call / Stop out | 40%/20% |
Peculiarities of trade | Forex trading in cooperation with a reliable broker, who has extensive experience in the market |
Order execution | Market Execution (at market price) |
Methods of replenishment | Neteller, Ngan Luong, PayToday, Perfect Money, Skrill, Webmoney, Wire transfer, Dragonpay, Bank card (Visa/MC) |
Withdrawal methods | Neteller, Ngan Luong, PayToday, Perfect Money, Skrill, Webmoney, Wire transfer, Internal transfers, Bank card (Visa/MC) |
Number of assets | 100+ |
Types of assets | Currency pairsEURUSD, USDJPY, GBPUSD, USDCHF, EURCHF, AUDUSD, USDCAD, etc. CFDStocks, futures, metals, commodities, indices, energy CryptocurrencyBitcoin, Ethereum, Litecoin StocksNIKE, FERRARI, BOEING, PFIZER, HP INC, COCA-COLA, JOHNSON & JOHNSON, MCDONALD'S, etc. |
Account Currencies | USD, BTC, ETH |
Liquidity providers | ECN PrimeXM |
Mobile apps | |
Weekend trading | No |
Tournaments/competitions | They are held very rarely |
Trader training | Training center, video tutorials on forex trading (closed access), glossary of terms |
Contract Difference Commission | Yes |
Swaps | Yes |
PAMM trading | Classic PAMM account for asset management |
Analytics | Professional analytics and news on the site, economic calendar, free trading signals from MetaQuotes Software Corp., trader calculator |
Margin trading | Opportunity to increase profitability during forex trading |
Affiliate Program | RegistrationAdditional profit from attracting traders to the broker platform |
Advantages | A broker with a serious reputation and experience in the market Availability of a license for brokerage activity Fast account opening Reliable trading terminals Minimum spreads Large selection of assets Execution of orders - 0.5 seconds Additional profits from investments in brokerage investment funds Support for automated trading Qualitative market analysis |
Disadvantages | There are not enough training materials available on the website for public use No bonus system |
Company requisites | Legal name: NFX CAPITAL VU INC Legal address: Pot 805/103 Rue D'Auvergne, Port Vila, Vanuatu |
Automated Trading | Allowed to use robots and advisors |
Trading signals | Free signals from MetaQuotes Software Corp. |
VPS services | Forex VPS Virtual Server from Fozzy Company (9,95 euro/13,95 USD/month) |
Additional features | Investments in NordFX funds: Pro-Industry Fund, Pro-TECH Fund, Pro-Expert Fund with returns up to 57% per year |
Date of update | December 16, 2024 |
Overall assessment | 9.3/10 |
Is NordFX a Scam? Complete Review and Real Customer Feedback
Forex broker Nord FX, founded in 2008, is now a popular company known in the international market for its innovative services. It has been providing quality service to traders for several years, allowing them to access the interbank Forex market. The brand Nord FX is owned by NFX Capital MU Inc., which is registered on the island of Mauritius and is world-renowned for its reputation.
However, many people wonder if Nord FX is a scam or a trustworthy company. In this article, we will provide a detailed overview of the broker to help you make an informed decision.
The main profile of Nord FX is the financial assets management, trade executions, and financial transactions performance in stock, currency, futures markets, and brokerage. It is consistently nominated for various financial awards. So, the broker is a trusted and reputable company in certain countries and the international market. Its affiliate programs are award-winning and have high-quality dealing, according to an overview of the best companies published by the respected British magazine CFI. The company has acquired the title of the best broker in the world.
Nord FX is constantly expanding the capabilities of its customers by offering a wide range of services in the Forex market. It provides opportunities for trading in forex, futures, commodities, precious metals, and stocks. The company also offers CFDs (Contracts for Difference) for futures contracts, allowing customers to trade a variety of assets, including currencies, commodities, and more. Among the trading tools available are Forex currency pairs and gold and silver, as well as binary options.
There are also professional manager support, an informative website, bonuses, and analytics. One can choose several trading terminals: Metatrader4, Metatrader5, CQG или ZuluTrade, NFX Trades, the world-known ECN platform Integral, and terminal SpotOption for binary trading. A wide range of accounts is presented: micro; standard; МТ5 standard; NordFX MT-ECN for professionals, ECN innovative system (allows getting access to quotations directly from the interbank market); 1:1000; Premium; Crypto.
The company offers favorable trading terms for novices and professionals: the availability of demo accounts, stocks, 24-hour support, trading signals, various withdrawal methods, and minimum deposit – all this makes your trading more easy and smoother. There are informative articles about binaries, introductory and advanced courses, and e-books available on the website.
Deposit and Withdrawal
Nord FX offers plenty of deposit and withdrawal methods. To add funds to a trading account you need to sign up with the broker, bring in the sum choosing the convenient transaction way (minimum deposit is up to $5). For withdrawal, the trader may also use the current payment systems, from usual plastic cards to digital wallets:
- MasterCard and Visa,
- currency bank transfers,
- online transfers (Alertpay, Neteller, Perfect Money, Qiwi, Skrill),
- payment terminals of Elexnet and HandyBank networks,
- online exchange offices.
Deposit and withdrawal are executed in the same way. The deposit is executed immediately. There are no restrictions concerning the minimal withdrawal sum, the maximal withdrawal term is 5 banking days, depending on the payment system.
Complaints About Nord FX
On the market, Nord FX is represented as not as effective as its competitors, with lots of different feedback on the Internet. Some traders are positive, pointing to trust, reliability, and stability of the broker, along with lucrative bonuses, perfect trading conditions, quick withdrawal, and a variety of trading tools.
There is also negative feedback: withdrawal complications, unstable work of the trading platform, lack of competence, long wait for support service responses, and gratuitous cancellation of transactions. We hope that the company will take into account this feedback and improve its service. To avoid problems with the broker, it is important to verify your account fully, ask your account manager about specific aspects of working with the terminal, and understand the bonus usage pattern and withdrawal procedure.
If you have any complaints about Nord FX, please let us know. We will publish your feedback on social media to make others aware of the situation. Please subscribe for updates to stay informed.
NordFX Regulator
The broker is credentialed by the following bodies: International Financial Services Commission (Belize, IFSC), Securities and Exchange Board of India (SEBI), and Cyprus Securities and Exchange Commission (CySEC, 209/13).
Nord FX Bonuses
Each company’s trader may get 2 bonus types:
- Bonus of 55%
Special broker’s bonus for adding funds on deposit. Add funds for $100 and up to $8000. The offer works for novices of the platform. Be sure you ask for offer conditions by your account manager.
- Bonus of up to 100%
One more lucrative offer for brokers’ bonuses for deposits within 48 hours after account registration. Get up to 100% of the bonus plus free training, analyst advice, and 6 strategies of Forex trading. Deposit according to the company’s tariff plan. The bonus and starting deposit may be withdrawn after closing the required amount of round lots. No limits for withdrawal. Be sure you ask your account manager for offer conditions.
Is Nord FX a Scam?
Nord FX has operated in the financial services market for almost 10 years and is considered one of the most professional and reliable companies, which keeps working, taking into account contemporary trading trends and offering a unique service for trading. The broker is widely represented globally and has quite a big database of traders, enhancing the confidence of the company. The significant factor is the quality of service delivery for trading. Trading may be affected both in the terminal MetaTrader 4, as well as in one of the company’s convenient web terminals. The fact that the broker offers several quality inventions making the work comfortable, shows its willingness to invest significant funds to enhance its services for users. However, we would also like to draw your attention to the fact that there is a lot of feedback about the company’s terminals on the Internet, including some negative reviews. We recommend that you be careful and test the system in advance to avoid any possible errors.
As an advantage, the informative website can be considered, with an interesting design (trading conditions, information about licenses, company history, awards, etc. specified), bonuses, and an affiliate program – all this shows the company’s serious intentions in the market and makes it impossible for scam brokers to operate. The company holds several licenses, making dealing with them much safer.
However, can we say Nord FX is a scam? The answer to this question is no, which is influenced by the presence of licenses, the mostly positive image of the company in the market, its trading programs, favorable trading conditions and bonuses, and a wide range of tools.
Conclusion
Forex trading broker Nord FX has been successfully providing online trading services around the world for almost 10 years and has a great database of traders. Despite various feedback about the broker on the internet, we do not consider Nord FX to be a scam at this time. We also point to its professionalism, and extensive experience, as well as its licenses and awards.
The company offers a high-quality web product and unique services and is growing following current trading trends in the financial markets. However, the feedback from traders that we expect for this review will not only affect the broker’s rating on the platform but also alert market players to potential issues.
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