NordFX Review
Established in 2008, NordFX provides customers from over 100 countries with platforms and services for trading Forex, precious metals and cryptocurrencies.
NordFX is a licensed and regulated broker, provides the most up-to-date software and advantageous trading conditions for newcomers and professional traders.
NordFX consistently meets the strictest standards of financial stability and upholds a transparent and effective structure for proper and secure handling of client funds.
Typical Spread on Majors - Live
EUR/USD | 1.2 |
GBP/USD | 1.9 |
USD/JPY | 1.2 |
- Company Info
- Swap Comparison
- Volume Comparison
Headquarters | Gros-Islet, Saint Lucia |
Type of Broker | STP & ECN/STP |
Founded | 2008 |
Regulated By | Regulated By Not regulated |
Offices In | St. Lucia |
Supported Languages | English, Spanish, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |
ESMA Regulation ? | This broker is not regulated within the E.U and is not subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
Currencies Swap | |||
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Short | Long | Type |
Swap Chart for EURUSD for different FX Brokers |
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Change Currency | ||||
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Volume | ||||
AUDCAD | 22 | |||
AUDCHF | 18 | |||
AUDJPY | 36 | |||
AUDNZD | 23 | |||
AUDUSD | 22 | |||
CADCHF | 17 | |||
CADJPY | 24 | |||
CHFJPY | 29 | |||
EURAUD | 37 | |||
EURCAD | 21 | |||
EURCHF | 17 | |||
EURGBP | 11 | |||
EURJPY | 36 | |||
EURNZD | 31 | |||
EURUSD | 22 | |||
GBPAUD | 31 | |||
GBPCAD | 18 | |||
GBPCHF | 17 | |||
GBPJPY | 53 | |||
GBPNZD | 36 | |||
GBPUSD | 38 | |||
NZDCAD | 24 | |||
NZDCHF | 20 | |||
NZDJPY | 31 | |||
NZDUSD | 25 | |||
USDCAD | 15 | |||
USDCHF | 25 | |||
USDJPY | 38 | |||
USDNOK | 51 | |||
USDSEK | 32 | |||
USDSGD | 10 | |||
XAUUSD | 126 | |||
XAGUSD | 32 | |||
BTCUSD | 119 | |||
ETHUSD | 70 | |||
XRPUSD | 48 | |||
LTCUSD | 32 |
Volume Chart |
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- Account Details
Account Currencies | USD, BTC, ETH |
Minimum Deposit | $10 |
Traders from USA Allowed | No |
Clients Funds Segregated | Yes |
Interest on Margin | No |
Islamic Accounts | Yes |
Islamic Account Restrictions | Muslim Faith Only |
ECN / STP Accounts Offered | Yes |
Commission on STP or ECN | From 0.0035% / Lot per side (FX), Crypto Accounts - 0.09% per side & 0.02% round turn on Stocks |
VIP Accounts Offered | Yes |
Mini Accounts Offered | Yes |
PAMM / MAM Solutions | Yes |
API Solutions | No |
Mobile Trading | Yes |
Web Based Trading | No |
Funding Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayToday, Help2Pay, Perfect Money, fasapay, PIX Brazil, SticPay, BOLETO, OXXO, Nagad/Bkash, Bitcoin, Ethereum, Tether, Binance Pay |
Withdrawal Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayToday, Help2Pay, Perfect Money, fasapay, PIX Brazil, SticPay, BOLETO, OXXO, Nagad/Bkash, Bitcoin, Ethereum, Tether, Binance Pay |
- Platform Details
Platforms Offered | MetaTrader 4, MetaTrader 4 MultiTerminal, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader 4 iOS |
NO of Pairs | 33 |
Cryptocurrency Trading | Yes |
Pricing Digits | 4 and 5 |
Trade off Charts | Yes |
One-click Execution | Yes |
Email Alerts | Yes |
Mobile Alerts | Yes |
Trading Server Time | CET |
Demo Account Expiry | 2 Weeks of Inactivity |
VPS Offered | Yes |
Free VPS Conditions | Discounts for clients at a 3rd Party run VPS Hosting Service |
- Trading Details
Dealing Desk | No |
Maximum Leverage | 1000:1 |
Minimum Contract Size | 0.01 |
Execution | Instant Execution (Fix Accounts) and Market Execution (Pro and Zero Accounts) |
Hedging | Yes |
Scalping | Yes |
Scalping Restrictions | No |
Option of OCO | No |
Option of FIFO | No |
Negative Balance Protection | Yes |
- Additonal Instruments
CFD's | Yes |
Metals | Yes |
Oil | Yes |
Stocks | Yes |
Indices | Yes |
- Currencies Swap
Short | Long | Type | |
AUDCAD | -5.40 | -5.79 | 0 |
AUDCHF | -6.05 | 1.84 | 0 |
AUDJPY | -17.34 | 4.79 | 0 |
AUDNZD | -4.20 | -8.02 | 0 |
AUDUSD | 1.62 | -4.50 | 0 |
CADCHF | -10.30 | 2.65 | 0 |
CADJPY | -20.52 | 3.29 | 0 |
CHFJPY | -21.30 | 4.14 | 0 |
EURAUD | -3.20 | -5.79 | 0 |
EURCAD | -1.90 | -9.19 | 0 |
EURCHF | -9.29 | 2.27 | 0 |
EURGBP | 1.18 | -5.70 | 0 |
EURJPY | -29.80 | 12.93 | 0 |
EURNZD | 1.99 | -14.40 | 0 |
EURUSD | 2.15 | -6.03 | 0 |
GBPAUD | -11.53 | -0.37 | 0 |
GBPCAD | -7.57 | -3.59 | 0 |
GBPCHF | -16.78 | 3.93 | 0 |
GBPJPY | -44.70 | 15.42 | 0 |
GBPNZD | -5.06 | -7.75 | 0 |
GBPUSD | -1.85 | -3.83 | 0 |
NZDCAD | -6.10 | -1.60 | 0 |
NZDCHF | -9.15 | 2.28 | 0 |
NZDJPY | -29.70 | 10.34 | 0 |
NZDUSD | -1.66 | -1.82 | 0 |
USDCAD | -5.06 | -0.77 | 0 |
USDCHF | -12.37 | 5.44 | 0 |
USDJPY | -32.96 | 11.77 | 0 |
USDNOK | -91.01 | -33.57 | 0 |
USDSEK | -100.53 | -26.34 | 0 |
USDSGD | -15.51 | -3.34 | 0 |
XAUUSD | 12.38 | -33.68 | 0 |
XAGUSD | 1.12 | -3.90 | 0 |
BTCUSD | -2.00 | -9.00 | 2 |
ETHUSD | -2.00 | -9.00 | 2 |
XRPUSD | -2.00 | -9.00 | 2 |
LTCUSD | -2.00 | -9.00 | 2 | Compare Swap rates from other Brokers |
NordFX Reviews
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I fully agree with Theodpolous, NordFX is a serious and honest broker. Why, when somebody tries to cheat a bank, it is a crime, and to cheat a broker – is it normal? Don’t forget, that if a broker has problems caused by scamming, we can have problems as well.
I have been trading with them since May 2016 and have become pretty profitable the last 2 months finally with my scalping strategy (which is permitted on all accounts like their website explicitly states). Now it was time to withdraw some of my profits since I desperately needed the money I traded so hard for, sitting in front of the screen for 10 hours+ a day for months. When I requested the withdrawal, 10(!) minutes later Ive received this email from them: "Hello. We inform you that your trading accounts 1047186, 1047380, 1070661 and 1070662 were blocked for the client agreement terms violation. Initial funds were returned. -- Your sincerely NordFx Finance Dept., Sergey," Screenshot: https://s31.postimg.org/pa4p26017/nordfx_email.jpg They outright blocked ALL my trading accounts I had with them! I had the Micro, the Standard and all the others since I wanted to try them all out. But Ive requested the withdrawal only from the Standard account, yet they also have closed the Micro which also had money in it but where I didnt trade for a while. I cant get the money out of the micro account either since they have blocked backend access on their website for me completely for ALL accounts: "Unfortunately, you can not log in to trader's cabinet: your account has been blocked" Screenshot: https://s31.postimg.org/n3bfnpnmz/nordfx_blocked.jpg All emails I sent them and asking what terms I have violated did stay unanswered - as well as any further communication attempts with them via email or their chat. Its kind of unbelievable that they say I have violated the client agreement, yet dont even mention which part of it (I guess it was the part of "profitable trading is forbidden under any circumstances"). It also adds to their "professionalism" that they dont even mention complete names in their emails, just "Sergey", so that you cant specifically refer to a person later on or report them to the police. So I did some further research and found that they are actually based out of Russia. Yes, the website says Mauritius and what not, but its clearly operated out of Russia if looking at the IPs in their emails where theyve originated from: "Received: from windows-8.1.shared (user-62-68-147-63.tomtelnet.ru [62.68.147.63])" Screenshot: https://s31.postimg.org/mzvuvudgr/nordfx_email_header.jpg So their "office" (its nothing more than a PO box actually) in Mauritius is nothing less than a simple attempt to hide the fact that they are from Russia. What is even more interesting is that they mention they are registered with FSC Mauritius and are allowed to provide financial services there. A call to the FSC I did today confirmed that they are NOT LICENSED with them NOR ARE ALLOWED TO OFFER FINANCIAL SERVICES in Mauritius! The FSC will start an investigation on their operations right away as they told me. So their whole operation they have there is based on a complete fake and outright lies about being registered with the FSC. And on top, if you make profits, they will simply not send them to you and close your accounts instead. Hence I can only HIGHLY recommend to stay away from them under these circumstances. You can rather "donate" your money to some charity organization than to spend it on this fraudulent Russian operation. P.S.: After some more googling, it seems I am not the only one, just looking at a few sites reveals what they are really after (YOUR MONEY): http://www.tradecomplaint.com/search/sOrder,dt_pub_date/iOrderType,desc/pattern,Nordfx