The ‘Trader’s Calculator’ tool allows you to input the parameters of a proposed trade and calculate the potential profit or loss. This is a convenient way to assess risks and potential rewards before opening a position. According to the client agreement, NordFX processes withdrawal requests within 5 business days. On the Pro account, the main trading expenses are spreads and swaps. This makes long-term trading on NPBFX less advantageous compared to competitors. NordFX, in collaboration with hosting provider Fozzy, offers an excellent option — Forex VPS.
What are the different NordFX accounts?
Yes, NordFX provides a range of cryptocurrencies to trade, including Bitcoin, Ethereum, Ripple, and several others. I read em every week to help support with my day and swing trade setups. Customer support is available 24/5 and a small FAQ section is also present on the broker’s website. They can help with any questions you may have, including country-specific complaints (like India), demo account login, user agreement issues, and more. To take part, existing Pro account holders simply need to carry on depositing funds and trading.
They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their NordFX clients’ funds. These signals are provided by experienced traders whose past performance is available for review. Users can automatically copy the strategies of these traders, making the process of trading easier for those who may not have time to conduct market research themselves. NordFX offers comprehensive customer support through a variety of channels, ensuring traders have multiple ways to get assistance when needed. Users can reach NordFX’s support team via live chat, email, phone, and a ticketing system.
NordFX charges an inactivity fee of 10 USD per month if there have been no trading operations on the client’s account during the last 365 calendar days and all positions on this account are closed. This fee starts to be charged from the first day of the following calendar month and then monthly. All NordFX clients can order this specialized Forex VPS at a discount — just for 9.95 EUR/13.95 USD per month. To receive the discount, do not forget to mention the promo code NordFX_fozzy when placing an order. Overall, the savings account from NordFX is an excellent tool for those who want to combine active trading with earning passive income. To do this, click the corresponding button (the “rocket” icon on the toolbar).
NordFX Trading Conditions
When we checked on the NordFX website, these educational resources were not available in every language. Also some financial instruments mentioned in any NordFX educational resources may not be available in your region. With Autochartist, NordFX traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs.
NordFX Withdrawal Options
- Experienced NordFX traders can trade high risk CFD trades to hedge items in their portfolio.
- Account opening was easy, I made MT5 zero account because I don’t wnat to pay spread.
- Their educational section is ideal for traders at all experience levels.
- The founder wanted to create a reliable investing service, and it looks like they succeeded.
- NordFX offers an extensive selection of deposit and withdrawal methods, including cryptocurrencies, making the process convenient for traders from different countries.
NordFX also prioritizes the security of client funds by using segregated accounts. This means that client funds are kept separate from the company’s operational funds, reducing the risk of misuse. In the event of any financial issues, segregated accounts ensure that client assets are protected from creditors or the company’s liabilities. Furthermore, NordFX employs SSL encryption to safeguard all sensitive data shared on the platform, ensuring secure communication between users and the broker’s servers. The spreads offered on NordFX are tight, starting from just 0.0 pips. They remain competitive by outsourcing trades to a third-party liquidity provider, which helps keep costs low due to the large trading volumes.
Trading costs on NordFX vary depending on your account type and the market you trade. Some of the accounts are commission free, and others are commission based. The NordFX bonus that this broker offers included additional trading features like VPS services and uninterrupted trading, because of the service. Yes, NordFX is suitable for scalping as it offers tight spreads and fast execution speeds. Yes, NordFX is suitable for beginners due to its user-friendly MetaTrader 4 platform, educational resources, and the availability of a demo account for practice trading. As usual, the trader must accept the broker’s client agreement and privacy policy when opening an account.
PAMM Accounts
NordFX offers its industry-leading platforms, MT4 and MT5, which offer advanced charting tools, support for Expert Advisors (EAs), and automated trading capabilities. Yes, NordFX offers copy trading through its MetaTrader platform, allowing you to replicate the trades of more experienced traders. Over the years, NordFX has consistently demonstrated its commitment to providing high-quality trading services, and this dedication has been recognized with a wide range of prestigious industry awards. These accolades span various categories, from reliability to innovative trading platforms and outstanding affiliate programs, reinforcing NordFX’s position as a trusted global broker. For users who rely on automated trading strategies or Expert Advisors (EAs), NordFX offers VPS hosting.
Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the NordFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. In addition, currency conversion fees may apply if the NordFX withdrawal and receiving currencies differ, adding to the overall transaction costs. Awareness of these NordFX fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your NordFX funds.
Is the NordFX Trading Platform Secure?
- This is a convenient way to assess risks and potential rewards before opening a position.
- This commission is 0.0035% of the trade volume, slightly above the average market level.
- NordFX does not offer any bonuses or promotions, including deposit bonuses or sign-up bonuses.
- Their customer support is responsive and knowledgeable to help traders solve problems.
The MetaTrader interface also means users can invest on the go, while the servers are robust and efficient, providing a reliable service for professional, frequent traders. Customers also have the option of guaranteed stop-losses, limit orders, plus automated trading. Where users refer a friend that goes on to make a deposit, the referrer receives 10% of that deposit as a cash bonus.
Stocks, nordfx broker review currency and other commodities and instruments will be brought or sold by NordFX even if no buyer or seller is lined up. Please note that the list of payment methods below depends on the NordFX Entity and the client’s Country of Residence. After extensive research over several years, we have compiled a list of the most effective NordFX alternatives available today. If you are unsatisfied with NordFX or want to explore other options, we recommend checking out our carefully curated list of highly-rated NordFX alternatives.
Does NordFX offer a demo account?
Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. NordFX offers two commission-free trading accounts, Fix and Pro, one commission-based alternative, Zero, and a DeFi Savings account.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results.
NordFX Payment Methods
NordFX operates without regulation from any recognized financial authority, which raises concerns about transparency and client protection. The VPS providers partnered with NordFX host their servers near NordFX’s own, reducing latency to less than 1 millisecond. If you have experience trading with NordFX please share your personal review of the broker and what you think are strong and weak points. This average customer rating is based on 7 NordFX customer reviews submitted by our visitors.