These platforms include the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the broker’s proprietary NordFX Trader platform. NordFX has a customer service rating of “excellent”, with a score of 3.9 out of 5 based on 14 reviews on Trustpilot. The majority of users praised the broker’s prompt and efficient customer support through various channels such as phone, email, and live chat.
- Our goal is to equip you with the knowledge necessary to confidently use NordFX trading tools, ranging from depositing and withdrawing funds to executing trades.
- It would be great if they could add some more individual stocks but if you are a forex trader, then you should find more than enough choice to diversify your portfolio.
- In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.
- This means that they must comply with the rules and regulations that are put in place to protect investors, so you can trade with peace of mind.
Moreover, given that the MT4 is used by so many brokers, it is really easy to switch if you so desire. You do not have to learn how to use a completely different platform with a different layout. MT4 is great for technical analysis traders as it has a host of tool and features. For example, it has advanced charting, order management, indicators and technical studies. If you trade high Forex volumes then the Zero account could be for you – watch those lot commissions though. When it comes to execution of the orders, the Fix account is executed immediately whereas all the other accounts have market (ECN) execution.
Platforms
However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. You should take the security of your personal information seriously and check SSL encryption is enabled on the NordFX trading platform to protect you on PC and mobile NordFX platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using NordFX web trading platforms. It’s recommended that you check the NordFX website before signing up.
In this review, we have tried to collate a number of the important facets of NordFX. This guide will help you to learn whether NordFX is a good match for your investments or not. We have attempted to breakdown all the features and charges for your convenience. If you’re a new entrant in the realm of online trading and brokerages, so many details will no doubt be confusing for you. Getting into the world of online trading requires expert assessing skills and thorough knowledge.
There is also no commission on this account type as it is already accounted for within the spread. NordFX is regulated by the Vanuatu Financial Services Commission (VFSC). This means that they must comply with the rules and regulations that are put in place to protect investors, so you can trade with peace of mind. The broker states that clients’ deposits are held in segregated bank accounts opened with the top-rated banks.
- Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
- NordFX’s biggest advantages are available to upper-tier account holders, so this is a good option for experienced, higher volume traders looking for ECN, zero-spread trading.
- Some users reported experiencing slight delays in processing withdrawal requests, but overall, NordFX was deemed reliable in terms of transaction processing.
- NordFX is ideal for scalpers who require the most liquid assets with tight spreads.
- All traders will find a suitable payment method, but I am missing cryptocurrencies, especially since NordFX grants USDT, DAI, BUSD, and other Stablecoins as account base currencies.
NordFX has a subsidiary in India and several representative offices in different parts of the world, including China, Indonesia, Malaysia, Nigeria, Thailand, Vietnam, and Russia. NordFX offers a variety of base currencies for their trading accounts. There are a total of 5 base currencies available to choose from; USD, EUR, RUR, GBP, and Bitcoin. This allows traders to choose the currency that best suits their needs and preferences. Regulation is super important in trading as naturally, part of the job is risking your money.
Is NordFX a con?
If you have found your experience at NordFX to be a pleasant one, then you can always sign up to their affiliate program and start earning some referral commission. For the more advanced traders out there, they have advanced technical analysis guides. This includes trends, channels, fractals and numerous other charting disciplines. These are an extensive list of videos that explain numerous concepts in the Forex markets.
NordFX have flexible account types for all of your different trading strategies without any hidden fees. There is a good variety of quick and easy deposit and withdrawal methods, including e-wallets. What’s great is that NordFX doesn’t charge for funding but you might want to check with your payment provider if there will be any third-party fees. This enhances the user experience and helps clients feel more comfortable trading with NordFX. Nord FX can be summarized as a trustworthy broker with a trust score of 90 out of 100 and is regulated by two-tier respectively.
NordFX MetaTrader 4 & MetaTrader 5 AutoChartist
If you have the coding skills, you can even develop your own customized trading tools using the MQL programming interface. Otherwise, you could always hire a skilled programmer to do it for you from the MQL freelance community. Whatever your idea for a trading strategy, chances are that you can make it a reality with the NordFX MT4 platform and tools. If you have experience trading with NordFX please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by NordFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
NordFX does offer a free demo account without any expiration date. The lack of expiration date is nice since many other brokers limit the amount of time that traders can use a demo account. The only thing to keep in mind is that if your demo account is inactive for more than 14 days, it gets automatically deleted. You can easily create a demo account via MetaTrader 4 or nord fx review MetaTrader 5 or in the Trader’s Office for your live account. This is an option for those who do not want to trade themselves but wish to invest money and diversify their portfolio by investing in multiple PAMM accounts at the same time. The money managers can receive additional profits for managing investors’ funds, with more investors leading to more potential gains.
NordFX Mobile App
This allows you to filter the most profitable traders and follow only them on your trading dashboard. You also have full control of the automation / replication procedure. NordFX provides regular weekly commentary that goes over the most important market movements, insights, trading setups and forecasts.
This could take 3-5 business days to process depending on where you are sending the funds from. Well, if you do not have constant access to a PC then it could be the best choice. Mobile networks are always slow and it is really hard to chart on a mobile screen. However, you can still trade on your phone by using the MT4 and MT5 mobile applications that are provided by MetaQuotes. Unfortunately, NordFX has not developed their own mobile app for account administration etc.
Besides trading currency pairs, the broker offers trading metals (gold and silver), cryptocurrencies, CFD indicies and stocks. To better understand the NordFX trading platform, you can create two separate accounts – one with real money and the other a NordFX demo account. A NordFX demo account provides a risk-free environment for experimenting with the NordFX platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in NordFX trading decisions. NordFX have a wide selection of CFD instruments which you can buy and sell without needing to physically own the underlying asset. This makes online trading with the broker accessible to anyone who has an internet connection and the MetaTrader 4 platform which you can download for free on the NordFX website.
Payment Methods
In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
trades. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. It’s especially offered when the market volatility prevents clients from allowing their account go into the red. In such a scenario, NordFX offers the ability to reset a clients account balance to zero. Any processing fees from your bank might need to be incurred by you.
This broker has a good reputation and a range of account types to meet the varying needs of clients from retail traders to more experienced traders. NordFX gives traders access to a vast range of educational resources as well. The Learning Center is an online resource that provides traders with the resources they need regardless of their skill levels.