Nordfx broker provides trading tools that incorporate both the pros and beginners in the trading platforms. Let’s take a closer look at the broker.
Who is behind Nordfx?
Nordfx is an offshore broker that was founded in 2008. It has many offices globally. It is operated by Nfx Capital Vanuatu inclusive which is registered offshore in Vanuatu and regulated by CYSEC in Cyprus. It is also licensed by securities and Exchange Board of India. Its headquarters is in Efate, Vanuatu.
Currently, Nordfx supports 30 pairs of currencies,, and precious metal. It is also registered and regulated in Panama by the Ministry of Industry and Commerce and Mauritius by financial services commission.
What Trading Accounts are available?
You can open different accounts at Nordfx. The fix account allows a minimum deposit of 10 dollars with a spread of 2 pips while trading assets include gold, silver and 28 currency pairs.
The pro account allows a minimum deposit of 50 dollars, 0.9 pips and you can trade using cryptocurrencies, metals, and 33 currency pairs.
The Zero account offers a minimum trading deposit of 100 dollars and 0.0 spreads. It allows clients to access interbank liquidity at ECN, trade using cryptocurrencies, metals, and 33 currency pairs as well.
The Crypto account has a minimum deposit of 100 dollars, a spread of 1 pip and allows trades using 4 crypto indices and 16 crypto pairs.
The NORDFX trading platforms allow its clients to download a pdf trading manual for each account ensuring that its clients are fully equipped for trading.
There is also a Demo account suitable for new clients to familiarize themselves with the platforms.
What trading platforms are available?
Nordfx offers various types of trading platforms with MetaTrader 4 and 5 being the most popular. Meta Trader 4 platform is the most preferred trading platform in the forex market because it is reliable and flexible. It offers a variety of technical analysis and graphical tools indicators. It is available for Windows, Mac, iPhone, and Android.
The Meta Trader 5 platform, therefore, is a newer version of the Meta Trader platforms. It allows efficient trading with dynamic technical analysis in real time. It is inclusive of the cryptocurrencies and also allows you to custom make your own indicators and expert advisers. This platform is downloadable and installed on iPhone and Android phones.
The multi-terminal account is suitable for traders and managers who operate multiple accounts. It has advanced features to allow you to manage your accounts effectively and safely transmit data. This trading platform comes with the user guide, and it’s recommended to test it on the Demo account before using it.
There is a Demo account that is meant to allow clients to try out the various trading accounts before they start trading to give you a comfortable and informed time while trading.
Deposits and withdrawal options
You will need to pick an account from the NorfFx platform and make an initial deposit to begin trading. Minimum deposits vary depending on the accounts ranging from 100 dollars to 5oo dollars. Deposits from Visa, Master cards, Webmoney, QIWI, Skrill, NETELLER, Perfect money, Yandex money, Ngan Luong and Pay Today.
Withdrawal of funds is allowed depending on the various payment method with its specific regulations. This broker does not charge for funds deposit or withdrawal. There are no restrictions on the minimum withdrawal funds.
Commissions, spreads and leverage
This trading platform offers leverage of 1:100 allowing traders to trade using high numbers with lesser cost. There are different types of accounts with varying pips from o pip to 2 pips. It does not offer any commissions on all its accounts and offers floating and fixed spread depending on the accounts. It also supports a bonus promotion inclusive of referring a friend, 55% deposit and Affiliate programs. You will also find free trading signals on the website.
Customer support is quick and available for 24 hours an email, phone calls or the online live chat option on the website. It supports various languages since it also operates in Vietnam, China, Malaysia, Indonesia, and Thailand.
- Efficient customer service
There is round the clock customer service that effective and professional to the satisfaction of the users.
- Multiple trading platforms and accounts
NordFx has various accounts and platforms designed to cater for most client’s needs. They also come with tutorials equipping the traders with enough knowledge regarding each tool.
- It supports the cryptocurrency.
It supports cryptocurrency which is the newest currency making it dynamic.
- Americans not accepted.
The broker has not yet penetrated the American market; therefore American traders are not allowed to trade.
The NordFx trading platform is suitable for both new and professional traders. Unfortunately, it is an offshore account with no CFD support. It supports the Meta Trader 4 platform providing its clients with the most advanced technologies for trading. Clients also get to learn about each and every account available in the pdf format making it a broker worth a consideration.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK