NordFX Review

NordFX offer forex trading with specific accounts for each type of investor. Spreads start from 0.0 pips while minimum deposits start at $10.

Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it.

Overview of NordFX

NordFX is the next broker with a simple registration form, maximizing the procedure, by allowing users to log in through a number of available social networks. As a result, customers can experience the transaction almost instantly. Combined with a large number of IBs supporting customers on a large scale, stretching from North, Central to South, making NordFX one of the most talked about forex brokers today.

However, despite being “familiar with names” by traders, NordFX is a controversial exchange when it has an equal number of traders complimenting and criticizing. So is NordFX really a reputable forex broker worth trading? Let's find out with the following article.

NordFX Regulated

Currently, NordFX is regulated by 2 main agencies: VFSC, CySEC (under license number 209/13).

In addition, Nord Forex India Pvt LTD is licensed by the Securities and Exchange Commission of India (SEBI) under registration number INZ010009835. NordFX is also part of the National Stock Exchange of India (NSE) and the Stock Exchange of India (USEIL).

An interesting point, similar to FBS, it took 5 years for NordFX to be licensed by CySEC.

This shows that NordFX not only strives to improve quality to bring the best experience to customers, but also proves that the more reputable financial regulators such as ASIC , BaFIN or FCA , the harder it is . Difficulty in applying for a license, not wanting to be! That is, the floor is required to meet certain standards. And these standards, sometimes, also make “difficult” making the floor unable to meet. Or if there is, it takes 5 years like NordFX or 8 years like FBS !

How to licensed by CySEC

NordFX is required to meet the following requirements:

Capital : at least 750,000 € (about 18 billion VND)

Investor Compensation : As an EU regulated forex broker, NordFX is required to comply with the Financial Instruments Directive 2014/65/EU or MiFID II and the EU Anti-Money Laundering Directive, to protect Trader protection under the Investor Compensation Fund (CIF) with a maximum coverage of €20,000.

Regular financial reports : Brokers in general or NordFX in particular must submit regular financial statements and CySec will periodically review these reports, to confirm whether the broker is really compliant or not.

Must have a separate account and store deposits in a separate bank to ensure the safety of customers. This is a mandatory requirement, every exchange must have it if they want to be licensed by any agency. Therefore, NordFX is no exception!

In addition to the above requirements, NordFX also provides a number of other features such as:

NordFX has an advanced risk management system that can protect negative balances. That is, no matter how much negative your account is in the event of a fire, it will be protected from being negative.

Not only that, NordFX also has standard SSL protection, so all customer personal information will be encrypted before being sent to NordFX's servers.

In fact, compared to forex brokers like XTB , XM or ICMarkets , NordFX ‘s license is very small. Therefore, the level of protection for traders will not be equal to that of agencies like ASIC, FCA or BaFIN. Therefore, it is understandable that NordFX is not appreciated by long-time traders in terms of license.

Investment Products

The following table shows the different investment products offered by NordFX:

Currency Pairs (Total Forex Pairs) 33
Cryptocurrencies are traded as real assets 15
Cryptocurrencies are traded as CFDs Is not
Stock ten
Gold Have
Goods  Is not

NordFX Trading Account

Account Type


Fix Account

  • Minimum deposit amount: $10
  • Spread: fixed from 1 pip (for forex, gold and silver currencies), floating from 1 pip with digital currency
  • Commission Fee: $0 (for currencies, gold and silver) and 0.09% for crypto
  • Maximum leverage: 1:1000
  • Currencies displayed: USD, ETH and BTC
  • Trading products: 28 Currency pairs + 11 crypto pairs + 2 metals + 6 CFDs for difference

Pro Account

  • Minimum deposit amount: $250
  • Spread: floating from 0.9 pips
  • Commission Fee: $0 (for currencies, gold and silver) 0.09 for crypto
  • Maximum leverage: 1:1000
  • Currencies displayed: USD, ETH and BTC
  • Trading products: 33 currency pairs + 11 crypto pairs + metals + 6 types of CFDs

Zero Account

  • Minimum deposit amount: $500
  • Spread: from 0 pips (for currencies, gold and silver), from 1 pip for cryptocurrencies
  • Commission Fee: 0.0035%/way (for currencies, gold and silver), 0.09% for crypto
  • Maximum leverage: 1:1000
  • Currencies displayed: USD, ETH and BTC
  • Trading products: 33 currency pairs + 11 crypto pairs + metals + 6 types of CFDs

Stock Account

  • Commission Fee: 0.2% (revolving)
  • Maximum leverage: 1:5
  • Account balance showing: USD
  • Trading products: 68 types of shares CFD


Platforms and Tools

NordFX allows investors to trade through the MetaTrader 4 and MetaTrader 4 MultiTerminal platforms.

MT4 is the trading platform offered by most Forex brokers today. This is a product of the famous technology corporation MetaQuotes developed. MT4 provides a user-friendly interface with most of the features needed for the trading process.

MetaTrader 4 MultiTerminal is a platform aimed at investors who are active on several accounts at the same time.

Demo Trading Have
Proprietary Platform Is not
Platform for PC Have
Web Platform Have
Social Trading/Copy trading Have
MetaTrader 4 Have
MetaTrader 5 Is not
cTrader Is not

Mobile Transactions

The MetaTrader 4 trading platform can be easily installed on mobile devices using iOS and Android operating systems. Thanks to that, busy, on-the-go investors can trade at any time.

The mobile version of MT4 has fully integrated features similar to the PC version such as research indicators, charts, smart trading, multiple timeframes, etc.


Android Apps Have
Apple iOS App Have
Trading – Forex Have
Trading – CFD Have
Warning – Basic field Have
Watchlist Have
Sync watchlist Is not
Charts – Indicators/Research  Have
Charts – Draw Trend Lines Have
Chart – Moving Trendline Have
Charts – Multiple Time Frames Have
Charts – Automatically save drawings Is not
Forex Calendar Have

Commission Fees

NordFX does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

NordFX Deposit & Withdrawal Fees

NordFX doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your receiving currency and your payment provider.

For example NordFX allows you to withdraw your funds to Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI.

NordFX does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee.

The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Customer Support at NordFX

As part of our NordFX review we review customer service options, response times and NordFX trading platform problem resolution effectiveness. NordFX support a wide range of languages including Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian.

NordFX have a A grade support rating because NordFX offer over three languages.

Livechat Support at NordFX

NordFX does not offer LiveChat Support.

Email Support at NordFX

We sent several emails to NordFX and answer times overall were excellent. The fastest response from NordFX was less than 40 minutes and the slowest response was 9 hours. Support response times may vary for you with NordFX, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall good email support from NordFX.

Phone Support at NordFX

NordFX does not offer Phone Support.


  • Cyprus Securities and Exchange Commission (CySEC)
US Traders Accepted
Bonus Type
Pro accounts can participate in the 100,000 USD Super Lottery
Deposit Options
Pro accounts can participate in the 100,000 USD Super Lottery
Deposit Currencies
Trading Platform
Minimum Trade
Trading Instruments
Pro accounts can participate in the 100,000 USD Super Lottery
Online Since
Customer Support Types
Email, office, phone, web form
English,中, Indonesian,Español,Português, العربي हिन्दी فارسی ภาษาไทย, বাংলা,Bāṇlā සිංහල,Tiếng Việt,日本語,Українська,Melayu
Demo Account
  • Used by over 10,000 NordFX users and traders
  • Established in 2008
  • Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
  • Min. deposit from $1
  • Doesn’t offer VPS
  • Not FCA Regulated