NordFX was established in 2008 and is a forex and CFD broker that provides online trading services worldwide. And is regulated by the Financial Services Commission of Mauritius (FSC). 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. Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone.
Is NordFX regulated by SEBI?
These include a comprehensive ‘Education’ section on their website, with a Learning Centre and Glossary so investors can gain knowledge of how the financial markets work and make better investment decisions. This is suitable for investors using multiple accounts at the same time. The terminal maintains the same functionality as the original MT4 platform, while also providing manual or automatic distribution of trading volume for each account individually. The brand enables its clients to speculate on cryptocurrencies, forex pairs, indices, and stocks.
NordFX Deposit and Withdrawal Options
The calendar also shows the impact assessment, history, forecast and the assets involved. Trades can be directly placed from the data available on economic calendar. NordFX is regulated by the Vanuatu Financial Services Commission (VFSC).
Client Support
Or you can use the built-in indicators and the other graphical tools available. MetaTrader 4 is commonly considered the standard for forex trading, meaning that there are many tutorials and support resources available. MetaTrader 4 also has high-grade security for the trading transactions and can incorporate news feeds right into the platform. Clients will also appreciate the range of assets you can trade with NordFX. There are 33 forex currency pairs, as well as equities investments, Cryptocurrencies and precious metals.
With a minimum $500 deposit, traders can receive daily income with varying interest rates. Trade loans offer low interest rates, allowing maximum earnings from trading operations. One of the standout educational resources offered by NordFX.com is its trading signals service.
In regards to what exactly is a Forex broker, it is a firm that gives traders admittance to platforms that let them buy and sell foreign currencies. These do indeed seem pretty reasonable and are in line with some of the other ECN brokers on the market. As you can see, the Zero has the lowest spreads although on this account you will have to pay a 0,0035% commission each side of the trade. The Zero account allows trading major Forex pairs for as little as 0.0 pips, while other account types have larger spreads. No, NordFX exclusively offers the MetaTrader 4 (MT4) platform, a widely acclaimed and industry-standard trading platform known for its robust features and user-friendly interface. The Savings Account uses DeFi technology to generate passive income from deposited funds and trading loans.
They include frequently updated Market News and Analysis, Trading Video Tutorials, Articles and a Trading Glossary. I found the educational content to be very well-presented and insightful. This can provide you with inspiration for trading ideas and also help you to brush up on your knowledge of the markets. You can set up the economic calendar of events and news according to your preferences, selecting necessary parameters. I personally think that the economic calendar is an indispensable tool for every trader and I would always like to check the latest news before making any trade decision.
NordFX is a large international Crypto, Forex and CFD broker that has been around for a fair amount of time. There is a nice selection of trading calculators on the NordFX website which are free to use. These can be handy tools for those of you who need to conduct calculations in a hurry or if you are not that well versed in math’s and just nordfx review want to confirm your figures beforehand. NordFX is located in Port Louis, Mauritius, a global brokerage serving customers from over 190 countries. Creating a live account is simple, requiring online registration, personal information, and identification verification. ✅Provide your external crypto wallet address and the withdrawal amount.
The minimum opening deposit is $250 while the floating spread starts from 0.9 pips. Market execution is the used to process all orders placed from this account type. There is also no commission on this account type as it is already accounted for within the spread.
- Like the majority of brokers, they do offer a free demo account to practise trading on.
- Your actual trading may result in losses as no trading system is guaranteed.
- Complementing copy trading is the PAMM service available at NordFX, catering to traditional retail account management under the NordFX umbrella.
Going back to 2010, the broker earned the Best Forex Dealing Service award from China’s Financial Annual Champion Awards HeXun. 2011 saw the broker earn the 7th Guangzhou International Investment & Finance Expo’s Best Forex Broker Trading China and Academy Masterforex-V’s World Best Forex Dealing Service honors. 2012 honors included a repeat of the latter, as well as the World Best Micro Forex Broker honor from the same organization and the title of Best Broker for Trading with Advisors from the IAFT Awards. The Pro-TECH Fund includes AMD, Adobe Systems, NVIDIA, Cisco Systems, Apple, Microsoft, Intel Corp, Electronic Arts, and Alibaba for an expected yield per annum of 40.9 percent. The minimum investment is $3,000 and the investment period can range from 3 months to one year. The Pro-Industry Fund from NordFX has an expected yield of 27 percent per annum and includes companies like Motorola, Nike, Ferrari, HP Inc, McDonald’s, Johnson & Johnson, Pfizer, Boeing, and Coca-Cola.
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 provides multilingual 24/5 customer support, best reached via live chat. Clients may also fill out the web form, send an e-mail, or call one of the eight provided phone numbers. I doubt most will require assistance, as NordFX explains its products and services well but ensures customer support remains swiftly accessible. Traders get quality weekly market reviews from NordFX, which I find informative and well-presented, but it would be better to get it daily.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available https://traderoom.info/ to trade, and general ease of use regarding execution and market information. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds.