NordFX Review 2024 | Information about NordFX Forex Broker

Account Type

8.9

Very Good

Features

Trading Platforms

MT4

Min Deposit

500.0 USD

Max Leverage 1 : 1000

Min Trade Volume

0.01 Lots

Margin Call Level 60%

Stop Out Level 40%

Spread Type Variable Spread

Account Currencies

USD

Trading Instruments

Cryptocurrencies, Stocks/Equities, Indices, Precious Metals, Forex/Currencies

Hedging

Scalping

NBP

Islamic

Deposit and Withdrawal

6.0

Average

Features

Company and Service

8.6

Very Good

Features

Profile

Headquarters Address

14 Louki Akrita street, Ayias Zonis, 3030, Limassol, Cyprus

Founded 2008

Broker Type

STP, ECN

Time Zone GMT +1

Credit Profile No information

Trading Platforms

MT4

Mac, Windows, iOS, Android, Multiterminal

Contact

No Data

Others

Website Language

Arabic, Bengali, Chinese, English, Hindi, Indonesian, Japanese, Malay, Persian, Portuguese, Sinhalese, Spanish, Thai, Vietnamese

Customer Service By

Phone, Email, Live Chat, Fax, Facebook, Twitter, Instagram, LinkedIn, Youtube

Supported Language

Arabic, Bengali, Chinese, English, Hindi, Indonesian, Japanese, Malay, Persian, Portuguese, Sinhalese, Spanish, Thai, Vietnamese

Related Complaints

Q&A Complaints

Does Noredfx have licenses?

Graham Hall

Cook Islands

2022-10-10

ANSWER NordFX claims it is owned and operated by NFX CAPITAL VU INC, a company regulated by the Vanuatu Financial Services Commission (VFSC) under license number: 15008. We indeed find a match result to NFX CAPITAL VU INC in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of NFX CAPITAL VU INC. We would recommend exercising caution when dealing with VFSC- regulated brokers.For more details on this broker, please check our full NordFX review.

Can I use other currency besides USD?

Bernhard Krebs

France

2022-06-20

ANSWER NordFX claims it is owned and operated by NFX CAPITAL VU INC, a company regulated by the Vanuatu Financial Services Commission (VFSC) under license number: 40289. We do find a match result to NordFX in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of NFX CAPITAL VU INC. We would recommend exercising caution when dealing with VFSC- regulated brokers.

Overall Score

5.4

127 Reviews

Cost 6.0

Platforms 5.9

Deposit & Withdrawal 6.0

Customer Support 6.0

Indicates the average level of Brokers

Keywords for selection

Fast Deposit/Withdrawal Good/Professional Customer Support Low Spreads Reliable & Reputable Trading Conditions

127 Reviews Clear filter

Sort by

FranklinW

7-12 months Belarus

this company is very helpful ti their client.....High Leverage Forex Brokers

19 minutes ago

Sai Dutta

India

NordFX’s fast withdrawals and low spreads make it a standout platform for me. It’s great knowing I can access my funds quickly and maximize my trades with minimal costs.

2024-11-15

Melany Villanueva

Philippines

The wide range of trading instruments is fantastic, and their simple conditions make trading much easier to understand. I love that I can diversify without complications.

2024-11-15

Owajkuruni Mirdha

Bangladesh

I was impressed with how quickly trades execute on NordFX, and their wide range of assets to trade keeps things exciting. Highly recommend for anyone looking to diversify!

2024-11-11

Devansh Rodrigues

India

Opening an account with NordFX was super easy, and I was up and running in no time. The customer service is also top-notch, always there when I need a hand!

2024-11-08

Sanit

7-12 months India

They have good conditions for scalping and their platform is working very well, everything was fast and good for me.

2024-10-31

Seema Gunjal

Over 3 years Zero Account India

Payout execution time of NordFx is very fast in case of deposit and withdrawal through USDT. Also customer support is very prompt

2024-10-26

rawat priyanka

1-3 years India

I’ve been with NordFX for a while now and the thing I like most is how simple the conditions are. The spreads are pretty low compared to others, and it’s really easy to open an account. Sometimes I need help, but their support team is always there.

2024-10-25

stefanus

7-12 months Cambodia

I used this broker for ZuluTrade only (automated trading). And I would not recommend it at all. The market is closed when others already started trading, and the spread was not so goof (high commistion for Zulu). This was not big deal, however I decided to leave Zulu and wanted to disconnect NordFX from ZUlu. And that is the problem. I cannot manage that for about three months now. Comunication with NordFX support is super SLOW and totally incompetent! You even cannot folow in conversation to the support - like reply to reply, it always starts at point zero, and when they doesn't know what they are doing, and lead nowhere.

2024-10-12

Silvio

7-12 months Finland

One of the worst broker! They said I violated the contract and they still haven't paid me!!!!

2024-09-29

1-10 of 127 comments

NordFX

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