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Title

NordFX Broker Review

Address: NFX Capital CY Ltd 14 Louki Akrita Ayias Zonis Limassol 3030 Cyprus

Forex CFD Crypto

Spread

From 0.0

Max. Leverage

1:300 Pro

Deposit Protection

None

Min. Deposit

₹100

Spread

From 0.0

Max. Leverage

1:300 Pro

Deposit Protection

None

Min. Deposit

₹100

Spread

From 0.0

Max. Leverage

1:300 Pro

Deposit Protection

None

Min. Deposit

₹100

Our Overall Rating

Rating 3.4

NordFX is a financial services brand owned by NFX Capital VU Inc, operating as an online broker, and offering mainly Forex and Cryptocurrency trading, alongside a few other financial instruments. Based in Cyprus, the broker is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), while NFX Capital VU Inc has its registered offices in Vanuatu. The company was established in 2008 and has won various industry awards, including Best Cryptocurrency Broker at the 2019 FXDailyInfo Awards, Best Forex Broker Asia in the 2018 Forex Awards Ratings, and Most Trusted Cryptocurrency Broker 2018 from the Global Brands Awards.

 

Commissions & Fees

Rating

NordFX generally offers commission-free trades, with profits taken from the spreads, as is common in Forex trading. Spreads depend on your account type but are competitive with other brokers on the market. There are spreads from 0.0pips on the aptly named Zero account, but there is a (very) small commission charge on this account of 0.0045 % per trade. If you prefer no commission and broader spreads, you can go for the Fix account or Pro account. There is also a Crypto Account with spreads from one pip, plus maker fees of -0.02% and taker fees of 0.09%. Withdrawal and deposit fees may apply, depending on funding methods, but are generally very low.

Platforms & Tools

Rating

There is a choice of trading platforms at NordFX, including the popular MetaTrader software in both MT4 and MT5 versions, along with all the usual trading tools, charts and other technical indicators MetaTrader users expect. There is also an MT4 MultiTerminal option, which is useful for traders who manage multiple accounts. The broker provides free mobile apps which can be downloaded for both iOS and Android devices, with easy access to a range of trading tools, for trading on the move. All platforms are intuitive to use and offer a similar range of tools and features.

Customer Service

Rating

Customer support is easily accessed from the website, via a contact form, or directly by emailing support@nordfx.com. There is not currently a live chat option available, and no dedicated customer support phone line, although phone numbers for various countries are displayed on the contact page. You can also contact NordFX via their social media channels, and they have a presence everywhere from Facebook and Twitter through to Instagram and Pinterest. There is also a FAQ section, which is a good starting point for everyday inquiries, although it is not as detailed as some of their competitors.

Final Thoughts

NordFX is a well-established Forex trading firm, respected within the industry. There is the option of a few different account types to suit the needs of different investors, with tight spreads, a no-commission model for most accounts, and very low trading fees on the accounts where they do apply. There is a choice of funding options, and minimum deposits are quite low. The broker is fully regulated, with a selection of instruments, although the focus is very much on Forex and Crypto trading. MT4 and MT5 traders will be happy to be able to use the platform they are familiar with, and all customers should find the website and platforms clean and easy to navigate.

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Ratings

Rating
  • Commissions & Fees Rating
  • Platforms & Tools Rating
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