NordFx – NordFx Review
NordFx is a global brokerage firm offering a complete trading service range in the global Forex marketplace and opportunities to have contracts for cost spread on precious metals, shares, and commodities as well as vigor futures to the corporation’s individuals.
FSCM authorizes NordFx to manage the securities and advice on the securities transactions themselves under the mandate. In addition, the Security Ministry and Panama Commerce authorize NordFx to conduct Forex money exchange and brokerage, capital management, financial advisory, and other associated tasks.
NordFX keeps up-to-date on the latest technology, often expands its currency trading range and fiscal tools, and uses sophisticated software. NordFX, at present, provides the most famous systems for internet trading on options. Essential NFX Trades, MT4, MT5, and MT Cell Phone to assist customers in accessing their accounts and quotes from across the globe. Along with the latest information technology as well as standard software.
NordFx regulation
NordFx is regulated by CySEC (? the Cyprus Securities and Exchange Commission) under license number 209/13 and follows MiFID (Markets in Financial Instruments Directive ) directive. In addition, CySEC has taken responsibility for ensuring the European Securities and Markets Authority’s (“ESMA”) mission is adapted to Cyprus’s regulatory environment.
NordFX Forex Broker Review
NordFX is a trusted and reliable forex broker offering its services since 2008. The company has gained a remarkable reputation for its excellent customer service, secure trading platform, and competitive spreads. It has consistently received positive reviews from thousands of traders around the globe over the years. In this review, we’ll take an in-depth look at NordFX’s features and provide an unbiased assessment to help you decide if it’s the right broker.
Regarding account types, NordFX offers three main options: Micro, Standard, and Zero Spread accounts. All three versions feature different spreads, commissions, and leverage ratios depending on your needs. For example, if you’re a beginner trader looking to minimize risk while learning the markets, then the Micro or Standard accounts would be best suited. In contrast, more experienced traders may benefit from the Zero Spread account with tighter spreads. Additionally, each account type can be opened in either EUR or USD currency, allowing you to customize your trading experience based on your preferences.
Moving onto security features, NordFX takes its client’s safety seriously by utilizing cutting-edge technologies such as SSL encryption and two-factor authentication (2FA). This ensures that your data is kept secure from malicious third parties and reduces login time significantly by eliminating typing of passwords each time. Moreover, NordFX also provides clients with access to their area where they can view historical data about their transactions and open/close positions within seconds – allowing them to make more informed decisions quicker than ever.
In terms of trading platforms available at NordFX, there are quite a few options available, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader platforms on both Windows & Mac devices, as well as mobile applications on Android & iOS devices that offer real-time updates on market prices along with up-to-date news feeds from Reuters directly into your device giving you essential information faster than ever before. Furthermore, all platforms also feature multiple charting tools & analysis indicators that allow users to analyze trades more tightly than ever before, helping them make better decisions quickly in volatile markets – perfect for day traders!
Finally, we come down to customer support which is another area where NordFX excels compared to other brokers out there – offering 24/7 support via multiple channels such as phone callbacks (which are usually answered within minutes!), email communication and LiveChat functionality directly through their website, meaning you have access to knowledgeable staff whenever you need them – no matter where you might be located!
NordFX is one of the top forex brokers out there, offering clients an array of competitively priced services ranging from low commission fees & tight spreads to robust security measures & advanced trading platforms set up expressly for traders of any skill level, meaning whether it’s beginners or experienced professionals who are looking for a reliable brokerage firm – Nord FX should be considered!
NordFx Leverage
NordFx offers high leverage for all traders up to 1:1000. Read more about NordFx Leverage in our article.
NordFx payment options – deposit and withdrawal
NordFx deposit options are:
- Bank Transfer
- VISA
- MasterCard
- WebMoney
- Skrill
- NETELLER
- Cards: VISA/Maestro
- Perfect Money
- Ngan Luong
- payday
- Dragonpay
NordFx withdrawal options are:
- Bank Transfer
- VISA Bank Card
- MasterCard Bank Card
- Skrill
- NETELLER
- Perfect Money
- Ngan Luong
- payday
- Dragonpay
- Internal Transfer
NordFx accounts and 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.
Nordfx trading accounts
These dealing accounts are intended for expert traders with sound trading practices in the financial marketplace and those who wish to work in ECN integral via the NFX Trades podium or through FIX protocol. The essential account is typified by narrow bank spreads and 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 of $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 account is intended to train learner traders to deal without help. It is typically used as an intermediary between transferring from the demo account to the Quality account. It is possible to deal with the most well-known currency pairs by fixed spread and 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 precise 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 the best conditions and a complete range of dealing tools. They challenge dynamic spreads, standard quotes, and fast implementation, an outcome of manifold liquidity suppliers’ usage for winning trading. Moreover, instant hedging of each customer’s position permits some trading strategies.
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 length of the position is limitless.
o Maximum open accounts and pending orders are unlimited.
o Allowed automatic trading.
o Limitless trading.
o Margin level of call or stop out 20-40%. - Standard MetaTrader
The standard MetaTrade5 account offers skilled traders with best-trading terms and a complete range of tools via the newest trading podium, MT5. The rigid dynamic spreads, standard quotes, and fast implementation and outcomes of different liquidity offer winning trading usage. In addition, instant hedging of each customer’s position permits some trading strategies.
o Minimal 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 the position is limitless.
o Maximum open accounts, as well as pending orders, are unlimited.
o Allowed automatic trading.
o Limitless trading.
o Margin level of call or stop out 20-40%. - MetaTrader-ECN
The MT-ECN is an account designed for a broad range of skilled traders who want to trade with minimum expenses. The quotes have fifth-point precision (3rd for Yen pairs). Such accounts are served via MetaTrade4 podium using quotes from the Currenex ECN devoid of modifications. We employ our bridge to move order flow to ECN for outstanding speed and 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 the position is limitless.
o Maximum many open accounts, 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.
Nord fx Welcome account
The Welcome Account is designed for those traders who want to be confident of the standard of service of NordFx. Trading terms are the same as the Micro Account; the main difference is that Welcome Accounts instantly receive $8 in the balance 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, with a stopping point of 0.1
o Maximum amount of 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 can deal with the Forex marketplace and use the knowledge of top traders and marketplace experts. In addition, the customer has complete control of his ZuluTrade account, comprising independent and automatic trade. Access to viewing/analyzing different trading policies employed by marketplace specialists is one factor that 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 opened positions as well as the pending orders – limitless;
o, Stop Out/Call margin level is 20-40%.
o No function of Trailing Stop.
Register at NordFx.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
