NordFx Forex broker Review
NordFx – NordFx Review
NordFx is a global brokerage firm offering a full trading service range in the global Forex marketplace as well as opportunities to have contracts for cost spread on precious metals, shares and commodity as well as vigor futures to the corporations and individuals.
NordFx is authorized by FSCM to manage, under mandate, portfolios of the securities as well as advice on the securities transactions themselves. NordFx is authorized by Security Ministry and Panama Commerce to conduct Forex money exchange as well as the brokerage, capital management, fiscal advisory and other associated tasks.
The NordFX always keeps up-to-date on the latest technology, expands their currency trading range often as well as their fiscal tools and uses sophisticated software. NordFX at present provides the most famous systems for the internet trading on option. Essential NFX Trades, MT4, MT5 and MT Cell Phone to assist customers to access their own account as well as quotes from across the globe. Along with the latest information technology as well as standard software.
Trading Terms
o The trading podium-Integral, CQG, MetaTrade5, MetaTrade4, Zulu Trade, iPhone/iPad, Blackberry Trader, Android.
o Currency Deposit – EUR, USD.
o Types of Account – Integral, Standard, Micro, Zulu Trade, Bank Transfer, MetaTrade4, Standard MetaTrade5, Welcome, MT-ECN.
o Money Deposit & Withdrawal-Bank Transfer, MoneyBookers, Liberty Reserve, Webmoney, AlertPay.
o Bonuses & Contests.
Integral
These dealing account are intended for expert traders who have sufficient trading practice in the fiscal marketplace as well as those who wish to work in ECN integral via NFX Trades podium or else through FIX-protocol. Integral account is typified by narrow bank spreads as well as holding a little free for the transactions (billed typically by very narrow bank spreads and holding a small fee for transactions billed unconnectedly).
o Minimum deposit $20,000.
o Floating the spread from zero pips.
o Leverage ratio: 1:100.
o Minimum lot size 0.1.
o Maximum lot devoid of restrictions (limitless) with 0.1 step.
o Margin level call/sellout 80-100%
Micro
This type of account is intended for the training of learner traders to deal without help and is typically used as an intermediary between transferring from the demo account to Quality account. It is possible to deal most well-known currency pairs by fixed spread as well as high leverage ratios.
o Minimum deposit: $5.
o Currency pairs; 21.
o Set spread from 2 pips.
o Leverage: 1:500.
o Minimum lot size 0.01.
o Maximum lot size ten with step 0.01.
o Maximum amount of clear positions as well as opening orders 100.
o Allowed automatic trading.
o Margin level call or stop out 20-40%
Standard
The standard account offers practiced traders with the best conditions as well as a complete range of dealing tools. Tough dynamic spreads, standard quotes as well as fast implementation, for example an outcome of manifold liquidity suppliers usage for winning trading. Instant hedging of each customer’s position permits some trading strategy.
o Minimum deposit: $50.
o 44 Currency pairs, silver, gold.
o Dynamic spread from 1 pip.
o Leverage ratio up to: 1:200;
o Minimum lot size is 50, step 0.1.
o Maximum lot size 50, step 0.1.
o Maximum size of position is limitless.
o Maximum open accounts and pending orders is limitless.
o Allowed automatic trading.
o Limitless trading.
o Margin level of call or stop out 20-40%.
Standard MetaTrade
The standard MetaTrade5 account offers skilled traders with best trading terms a complete trading range of tools via newest trading podium MT5. The rigid dynamic spreads, standard quotes as well as fast implementation like an outcome of different liquidity offers usage for winning trading. Instant hedging of each customer’s position permits some trading strategy.
o Minimal deposit: $50.
o 44 Currency pairs, silver, gold.
o Dynamic spread from 1 pip.
o Leverage ratio upto: 1:200;
o Minimum lot size is 50, step 0.1.
o Maximum lot size 50, step 0.1.
o Maximum size of position is limitless.
o Maximum open accounts as well as pending orders is limitless.
o Allowed automatic trading.
o Limitless trading.
o Margin level of call or stop out 20-40%.
MetaTrade-ECN
The MT-ECN is the account that designed for broad range of skilled traders who want the chance to trade with the minimum expenses. The quotes have fifth point precision (3rd for Yen pairs). Such accounts are served via MetaTrade4 podium, by using quotes run from the Currenex ECN devoid of some modifications. We employ our personal bridge to move order flow to ECN for outstanding speed as well as standard. Commission (size relies on the account income) is charged for every deal.
o Minimum deposit: $1000.
o 27 Currency pairs, silver, gold.
o Dynamic spread from zero pips.
o Leverage ratio up to: 1:100.
o Minimum lot size is 50, step 0.1.
o Maximum lot size 50, step 0.1.
o Maximum size of position is limitless.
o Maximum many open account as well as pending orders is limitless
o Fifth point precision.
o Devoid of stop or limit as well as freeze levels.
o Margin level of call or stop out 50-100%.
o Commission (income less than 900 lots monthly): $7/lot.
o Commission (income less than 900 lots monthly): $5/lot.
Welcome
The Welcome Account is designed for those traders who want to be certain of the standard of service of NordFx. Trading terms are the same as the Micro Account, the main difference is that Welcome Accounts receive $8 in the balance instantly after creating and verifying the account.
o Minimum deposit: Zero.
o 21 Currency pairs, silver, gold.
o Fixed Spread from two pips.
o Leverage ratio up to: 1:500.
o Minimum lot size is 10, stop point 0.1
o Maximum amount of the open positions as well as orders; 100.
o Allowed automatic trading.
o Margin level of call or stop out 20-40%.
o Initial withdrawal commission is $8.
ZuluTrade
With a NordFx ZuluTrade account, the customer has a chance to deal on the Forex marketplace as well as using the knowledge of top traders and marketplace experts. The customer has complete control of his ZuluTrade account, comprising of independent and automatic trade. The access to viewing/analyzing different trading policies employed by marketplace specialists is one factor which makes this service famous.
o Minimum deposit: $50/50€.
o 44 currency pairs, silver, gold
o Spread from 1 pip.
o 2 pips commission from the increased spread.
o Credit leverage ratio up to 1:200
o Minimum lot size is 0.01.
o Maximum lot size is fifty, step 0.01.
o Maximum position size is limitless.
o Maximum amount of the opened positions as well as the pending orders – limitless;
o Stop Out/Call margin level is 20-40%.
o No function of Trailing Stop.
