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NordFX Broker – An exclusive Review by Forexing24.com

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About NordFX Broker

NordFX Broker is one of the biggest Forex trading brands in Financial Market. Very few brokers like NordFX offers customers to trade such a wide range of financial instruments. Since the inception of the broker, it has been performing well in all trading tasks. Their trading platform offers extended strategy support and social trading functionality for trading comfort.

NordFX Broker at a glance:

NordFx broker logoName: NordFX Broker
Headquarter: Mauritius
Founded in: 2008
Regulating Authority: CySEC, FSC, IFSE, SEBI
US Clients Accepted:
Customer Care: +91 120 4533777
Support E-Mail: support@nordfx.com
Website: www.nordfx.com

NordFX Broker

NordFX Broker Overview

NordFX Broker is one of biggest multi-awarded international broker that is placed in the leading position in Forex Market. Since it’s foundation in 2008, NordFX always keeps abreast of modern technology, regularly expands its range of trading instruments and uses up-to-date software. They currently offering the most popular programs for Online Forex trading – MetaTrader 4, MetaTrader 5 and MetaTrader Mobile. The most effective benefit of NordFX includes- all strategies allowed (Including: scalping, news trading, expert advisors). There are as much as 25 payment systems available for quick and easy fund deposit and withdrawal. NordFX provides one of the most popular trading platform with over 1,000,000 trading accounts and continuously expanding its global presence. Customer support is available 24/5 in 10 languages. NordFX also has a very simple and effective Affiliate Program. Refer clients to NordFX and receive up to 30% of the spread from every transaction by a referred client.

NordFX Broker Trading Platforms

NordFX Broker offers popular Meta-trader 4 and Meta-trader 5 trading terminal, both are most up-to-date trading software. They have also introduced Meta-Trader 4 Multi-terminal for easy access to the financial markets through multiple devices with an ECN account. For binary options they use built-in web platform which is highly user-friendly, easy and comfortable for trading. That doesn’t end here! If you are mobile trading lover, NordFX can offer you a superfast mobile trading terminal. They have mobile trading terminal for both Android and iPhone users.

Meta-trader 4 Terminal Features

  • Superior security of trading operations;
  • Use of various time intervals for trading;
  • Different types of execution – Instant Execution and Market Execution;
  • Possibility to create and test one’s own indicators and scripts;
  • Effective tools for technical analysis in real time;
  • Possibility to have news feeds from various information agencies.

Meta-trader 5 Terminal Features

  • Instant Execution and 5 types of orders;
  • 21 timeframes for trading with different intervals;
  • 38 built-in indicators, 39 graphical objects and many MQL5 indicators;
  • Possibility to have news feeds from various information agencies;
  • MQL5 development environment, including:
    • MetaEditor 5
    • MetaTrader 5 Strategy Tester
    • MetaQuotes Language 5

Multi-terminal Features

  • Possibilities to place buy and sell orders and modify them, to close positions fully or partially;
  • Operations are carried out only in the investor’s account, which allows for light supervision of the manager’s actions;
  • Manual or automatic distribution of a required trade volume for each account individually (by means of algorithms of equal distribution or letting the program automatically distribute trade volumes on the basis of the equity ratio).

Binary Option terminal Features

  • Minimal trade $5
  • Web-based platform – no download is required
  • Easy-to-understand trading principles
  • Potential profits and risks known as you open a position
  • 6 types of options: Binary Options, One Touch, 60 Seconds, Pairs, Long Term, Ladder
  • A wide range of trading assets: currencies, stocks, commodities and indices

Android/iPhone Terminal Features

  • Full set of trading orders, including pending orders;
  • Trading directly from the chart;
  • Interactive real-time charts with scaling and scrolling;
  • All types of execution of trading operations are supported;
  • Display of trading levels and volumes on the chart;
  • 7 timeframes: M1, M5, M15, M30, H1, H4 and D1;
  • 3 types of charts: bars, candlesticks and the broken line;
  • Offline mode (quotes, charts, current trading positions and all trading history);

NordFX Broker Accounts Options 

NordFX Broker has been offering 6 different types of account opeing options to meet the needs of all sorts of traders. These accounts includes:

  • Micro Accounts
  • Account 1:1000
  • MT-ECN
  • Standard
  • Standard-MT5
  • Premium

A trader can also open a demo account on MT4 and MT5  users.

NordFX Broker Account Comparison:

NordFX Broker Account Types

Trading Conditions of NordFX Broker

Spreads of NordFX Broker varies with account types. It starts from 0 pips with a low commission charge of $3.5 per lot. In case of binary option trading, the returns at NordFX Broker is around 80% on an average.

Trading ConditionMicroStandardStandard-MT5Account 1:1000MT-ECN
PlatformМТ4МТ4МТ5МТ4МТ4
Trading Instruments21 currency pairs35 currency pairs, gold, silver35 currency pairs20 currency pairs25 currency pairs, gold, silver
SpreadsFixed from 2 pipsFloating from 1 pipFloating from 1 pipFixed from 3 pipsFloating from 0 pips
Quote Precision4 digits4 digits4 digits4 digits5 digits
Minimal Deposit$5$50$50$5$1,000
Credit Leverageup to 1:500up to 1:200up to 1:200up to 1:1000up to 1:100
Minimal Lot0.010.10.10.010.1
Maximum Lot1050502020
Max. of Open Positions100No limitNo limit100No limit
Margin Call Level40%40%40%40%100%
Stop Out Level20%20%20%20%50%
Automated TradingYesYesYesYesYes
CommissionsNoNoNoNo $5/lot, $3.5/lot

Deposits and Withdrawals

While trading with NordFX Broker, you get a wide range of deposit and withdraw options for your account. You can use one of the following methods for both deposit and withdraw funds in NordFX Broker.

  • Bank Transfer
  • Bank Cards
  • Online Payment Systems
  • Online Exchange Services
  • Internal Transfer

Here is a comparison of Deposit and withdraw methods:

MethodCurrencyCommission*Depost PeriodWithdraw Period
Bank Transfer
Bank TransferUSD, EURFees of your bank
and the correspondent bank
3-5 business days5-6 business days
Bank Cards
VISAUSD, EUR, RUB4% of the amount + $7.50Instant5-6 business days
MasterCardUSD, EUR, RUB4% of the amount + $7.50Instant5-6 business days
Online Payment Systems
WebMoneyUSD, EUR, RUB, UAH0.8% but not more
than $50
InstantWithin 1 business day
QIWIRUBNoInstantWithin 1 business day
SkrillUSD, EUR1%InstantWithin 1 business day
NETELLERUSDNoInstantWithin 1 business day
PayWebUSDNoInstantWithin 1 business day
Perfect MoneyUSD, EUR2%InstantWithin 1 business day
PayzaUSD, EUR2.5% + $0.25InstantWithin 1 business day

Partnerships with NordFX Broker

There is chance for affiliate income with Forex trading and Binary Options in NordFX. The broker is offering partnership options for those who wants to income from forex market without being involved in risk taking activities. The broker is also offering competitive commissions for affiliates.

Nordfx broker affiliate

Advantages of Partnership with NordFX Broker:

  • The largest affiliate commissions for Forex and Binary Options
  • Automatic accrual of commissions in real time
  • The best trading conditions, all most popular instruments and platforms for your clients.
  • Possibility to withdraw commissions of any size and any time
  • Reliable broker. Over 1,000,000 clients worldwide have already joined NordFX
  • Wide variety of promotional materials; client, traffic and commission statistics

NordFX Broker Client Services:

NordFX Broker provides a number of client services to the traders. However, some services are open for all and some others can be used by only traders. These includes: Market Analysis and News report, Trading Signals, VPS Service, Forex learning center and So on.

Market Analysis and News

You will get every market update, news update and market analysis report in the Market Analysis and News section of the website of NordFx Broker.

NordFX Learning Center

NordFX Learning Center is a convenient and practical online resource that allows traders of all levels to develop their skills and gain valuable knowledge and experience required for trading Forex and binary options successfully.

Trading Signals

NordFX offers all its customers access to an innovative autotrading service “Signals” from the developer of MT4 and MT5 platforms – MetaQuotes Software Corp. The service is directly integrated into MT4 and MT5 platforms, allows traders to connect to thousands of trading signals providers all over the world and copy preferred signals in their accounts automatically. Any trader can also become a signals provider and make an extra income.

VPS Service

NordFX and hosting provider Fozzy offer a reliable solution for uninterruptable 24/7 trading from anywhere in the world. The Fozzy Forex VPS is a virtual server, located together with NordFX servers, significantly diminishes the negative factors that put a crimp into trade.

NordFX Customer Support

NordFX Broker Customer Support can be reached via following methods:

  • support by email
  • feedback form
  • telephone
  • live chat

The most effective advantage is that the support services are provided in 10 different languages and are accessible 24/5.

Summery of features:

Now that we have learned about NordFX broker, let’s summarize all the advantages and disadvantages:

Advantages

  • Broker with a reputable history, Established in 2008
  • Quick and easy account registration and verification process
  • Minimal Spreads depending on different account types
  • Wide choice of trading instruments for Forex and Binary
  • Total mobility in Trading with mobile trading platforms
  • Stability and reliability of the platform

Disadvantages

Conclusion & Recommendation 

As an international broker, NordFX is doing good in Forex and binary trading market with a wide diversity of traders. It can be said with no doubt that regardless of whether you are a beginner or experienced traders, NordFX will be able to meet all your trading needs. Their support is very kind and well trained, responsible and quickly understand the situation. Enjoy your trading NordFX Broker and dont forget to share your thoughts on this broker in the comment section of the post.

Visit NordFx Broker Website

NordFx Review
  • Customer Support
  • Deposit and Withdrawal
  • Platform Performance
  • Regulation
  • Overall Customer Experience
4.3
User Rating: 5.0 (5 votes)
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About the author

Syed Nazim

Syed Nazim is the Marketing Manager of RedMaroon, a Digital Marketing Agency for Financial Institutions. He is also involved with Forexing24.com as a writer and financial Analyst. He is a brilliant marketing geek with vast experience in every sector of Digital Marketing. He likes sharing strategies, tactics and proven methods to help you build a business and live the life of your dreams.

1 Comment

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  • I started forex trading from last month. They help me to learn forex trading by their online support. The support team is really good indeed. Their trading platform is one of the best.

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