Worth to Know

    • US traders
    • PAMM accounts
    • Islamic accounts
    • Mini accounts
    • Segregated accounts
    • Vip accounts
    • Scalping
    • Hedging
    • Trailing stops
    • Commition
    • Bonuses
    • Mobile Trading
    • Web-based traiding
    • Expect Advisors
    • Metals
    • Oil
    • Gold
    • Stocks
    • Commodities
    • CFDs

General Information

    • Broker Name
    • NordFX
    • Founded
    • 2008
    • Headquaters
    • 113, Medine Mews, La Rue Chaussee, Port Louis, Mauritius
    • Broker type
    • ECN (Electronic Communication Network), STP (Straight Through Processing), NDD (No Dealing Desk)
    • Regions
    • Arabic, Bengali/Bangla, Chinese, English, Hindi, Indonesian, Persian, Portuguese, Russian, Spanish, Thai
    • Payments Methods
    • Credit/debit cards, Neteller, Payweb, QIWI, Skrill (Moneybookers), WebMoney, Wire transfer
    • Minimum Deposit
    • $5
    • Min lot size
    • 0.01
    • Spread
    • 2 pip
    • Spread type
    • Fixed
    • Max Leverage
    • 1000:1
    • Platforms
    • MetaTrader 4, MetaTrader 5

Read Review of NordFX Broker

General Information

NordFX was founded in 2008 and is owned by Nord Group Investments Inc (Mauritius, Port Louis).

The Forex broker is registered in India.

NordFX is providing a complete set of trading services in the international foreign exchange market. Over its quite short history, NordFX proved itself to be a reliable partner. Its commitment to modern technologies and active participation in development of new trading instruments made it popular among traders and investors in many countries of the world. Currently over 150 000 individual traders are the company customers.

Deposits and Withdrawals

NordFX is offering a great variety of financial instruments for deposit/withdrawal operations. Apart from numerous e-payment systems, customers of the broker can use bank transfer and Visa MasterCard credit cards.

Tight cooperation with the world’s first class banks lets the broker fulfil customer obligations accurately and in due time. Money transfers are made within the time provided for by payment systems.

Only the fact that the funds can be withdrawn only the way they were deposited causes some inconvenience.

Reliability

India, where NordFX is registered, is hardly considered the country with strict control and regulation of financial activities. Besides, the agencies with which NordFX is cooperating do not seem to be authoritative regulators:

  • The Financial Services Commission of the Republic of Mauritius (FSC);
  • The Botswana International Financial Services Centre (IFSC).

In other words, official documents of the company cannot guarantee high level of safety to its customers.

NordFX compensates the low level of regulation by full transparency of its financial activity. The use of segregated accounts and close cooperation with different hedge funds allow it to protect customer assets from various force-majeure circumstances.

Perfect reputation and dedicated work for many years allow to rank the company among reliable and acknowledged brokers, which is proved by high opinions of specialists and numerous positive reviews of customers.

Making a careful examination of NordFX, one can come to conclusion that the company is following a transparent policy. All positions are properly hedged, and five years of successful track record in the Forex market coupled with excellent reputation and lots of positive reviews speak well for the broker.

Bonuses and Promotions

Currently NordFX is offering two bonus schemes to its clients:

  • Up to 25% Bonus. Customers that made a deposit of no less than $100 USD to the Micro or Standard account get 25% bonus. They can withdraw it only after reaching certain trading conditions. More details about the bonus program are available on the company website;
  • Welcome Account. After opening such account and passing verification, customers get $8 USD bonus. The bonus and the account is designed for traders who want to be sure of the quality service of NordFX.

NordFX conducts a two-week contest among demo account owners every month. Although the contest takes place on virtual accounts, winner prizes are real. The annual prize fund of the contest is $42 000 USD.

Trading Accounts Types

NordFX clients can trade on the following types of accounts:

  • Welcome;
  • Micro;
  • Standard;
  • Integral;
  • Standard-MT5;
  • MT-ECN;
  • CQG.

All accounts differ in minimum deposit, minimum and maximum trade size and many other parameters.

Customers can look into accounts details on the company website. Potential customers of NordFX can be absolutely sure they will be able to choose financial instruments, which suit their goals and targets.

Trading Platforms Types

Trading platforms of NordFX are as diverse as trading accounts. The broker’s customers can trade using widely known and very popular МТ4 and МТ5 platforms of different versions (including Mobile, Android, Ipad, Iphone). Besides them, the company uses the following unique trading platforms:

  • CQ6;
  • ZuluTrade;
  • Integral – ECN platform widely regarded as one of the largest in the world.

Without doubt, every trader irrespective of its level, deposit size or other personal features can fulfil its potential using NordFX trading platforms.

Customer Service

Customer support service of NordFX is worthily considered one of the best among similar services of Forex brokers. Highly-qualified team will not only give advice on any Forex issue but also help to solve any problem. Support service is available 24/5.

There are the following customer service communication channels:

  • Multiline phone;
  • Email;
  • Skype;
  • Live chat.

Irrespective of the method you choose, the support team will give a full reply within 2-3 minutes. Customer service is available in the following languages:

  • English;
  • Russian;
  • French;
  • Hindi;
  • German;
  • Spanish.

Pros of Trading with NordFX

An obvious advantage of NordFX is its focus on customer. It is evident that the company puts much effort and money into creating the most comfortable trading environment.

The main pros of trading with NordFX are as follows:

  • Flexible and transparent pricing;
  • Wide range of trading tools;
  • Efficient information and analysis support.

Cons

As for the company disadvantages, its low level of regulation should not go without mention. This naturally caused concern among traders.

NordFX Reviews

Carim Saron: There were different problems over more than five years of cooperation: withdrawal delays and slippages and “burning” of deposits. But I can never accuse the broker of dishonesty or unwillingness to meet customers halfway.

Bangalorist85: Strong mid-level broker. It is not a winner but fulfils all obligations with due diligence. It’s very convenient for newcomers.

SergFX: As for me, there is too much of NordFX. I mean they have many accounts, many platforms, bonuses and contests. Sometimes I am starting to think that this is not one company but a crowd of clones.

Conclusion

After becoming acquainted with the broker and evaluating the quality of its work, the only question arises – why such a powerful company is registered in the offshore zone? With its business approach, NordFX could hold a leading position among the world’s major Forex brokers. But in view of its “origin”, it has to struggle for a place in the list of the worst among the best.

These are strategic questions concerning the company founders. As for the quality, it’s a great company. Reliable and well organized. Its trading platforms are an outstanding example of the broker’s professional approach. Even MT4 is substantially upgraded and adapted to goals and targets of the company.

To sum it up: it’s B plus grade.

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1 comment Write a comment

  1. NordFX are outright SCAMMERS when it comes to you making profits with them. They have outright STOLEN 2000 Euro of profits Ive made with them.

    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

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