Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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76% OF RETAIL INVESTOR ACCOUNTS LOSE MONEY WHEN TRADING CFDS BINARY OPTIONS ARE PROHIBITED IN EEA

NordFX Broker Review

NordFX

NordFX is an international brokerage company offering a full range of online trading services in currencies, cryptocurrencies, gold and silver in the Forex market. Investments in global stocks with high income and with capital protection up to 100%, and RAMM, the newest system for the automatic copying of trade signals, are among services offered by NordFX.

NordFX is distinguished by minimal spreads, immediate order execution, and a leverage ratio of 1:1000, which is available for all currency pairs and metals. Fixed margins for crypto pairs are indicated in the account specifications. Accounts, as well as funds deposit/withdrawal are available both in USD, and in Bitcoins and Ethereums.

Starting from 2008, over 1.200.000 accounts have been opened in NordFX by clients from over 100 countries, and the company has been honored with over 30 prestigious prizes and awards.

Overall we found NordFX to perform well in all trading tasks. Trading platform offers extended strategy and social trading functionality.

From October 2017 NordFX stopped offering binary options.

Account Features

There are many advantages when trading with advanced international multi-product platform such as NordFX. Reliability and performance come to mind, and if our NordFX review is a good indication, traders will be more than satisfied with the level of service. All NordFX features are available to customers who sign up and deposit, depending on the account type.

Fix

  • $10 deposit minimum
  • from 2 pips
  • up to 1:1000 leverage
  • in USD and BTC
  • No Commissions
  • 28 currency pairs
  • gold + silver
  • MetaTrader 4

Pro

  • $50 Minimal deposit
  • from 0.9 pips spread
  • up to 1:1000 leverage
  • USD and BTC account balance
  • 5 digits
  • Quote precision
  • No Commissions
  • 33 currency pairs
  • metals
  • crypto
  • MetaTrader 4

Zero

  • $100 Minimal deposit
  • from 0.0 pips spread
  • up to 1:1000
  • Credit leverage in USD and BTC
  • up to $5 per lot in each side
  • 33 currency pairs
  • metals
  • cryptocurrencies
  • Access to interbank liquidity (ECN)

Trading Software & Assets

NordFX review gave us an opportunity to try the trading platform. It is MetaTrader4 solution that is probably the most widely used software for trading in the industry. This means that speed and reliability are to be expected. In our experience during the NordFX review, this was the case.

The platform offers many perks and interesting details for traders. The basic trading functionality is easily recognizable and traders can immediately start placing trades without any problems. MT5 is the next generation platform and all traders who want to use it should select that type of account.

NordFX also offers an autotrading service that runs through the MT4 and MT5. It helps customers to get signals from many providers on the platform, which will require a registration with MQL5.com and subscribing to signal providers there.

The platform has 36 stocks, 4 commodities, 24 indices and 28 currency pairs. It will help traders with diversification of their portfolio.

Support Information

For contacting the support , with NordFX traders only need to go into their account setting and create a new support ticket. They can also use live chat to contact the support that way. We have tried asking a question, however, did not receive any response on the chat for 10 minutes. We guess the e-mail is a better, however, not always a faster way to get support when it is urgent.

Banking & Company Information

There are many ways to deposit with NordFX.

Deposits can be made directly using bank transfer or Cards such as MasterCard or Visa. It is possible to use these funding sources for Skrill, along with Poli, Sofort, GiroPay, Przelewy24, iDeal, inteligo, Bonifico, ELV and Nordea.

Traders using Neteller can also use cards to fund the Neteller account and then fund the NordFX account. It also supports Visa Electron, Poli, Sofort, Webmoney, Bitcoin, PaySafe Card, moneta.ru, Przelewy24 and GiroPay.

LavaPay is also available along with OKpay, Paxum, RBKMoney or WalletOne. Yandex money system is also supported. Other payment systems supported are PerfectMoney, Qiwi, CashU, DixiPay, OkPay, Payweb, Payza, FilsPay, FasaPay, VixiPay and others.

Minimum deposit with NordFX is only $10. This is one of the lowest minimum deposit requirements we have ever seen and we believe it will enable traders to better manage their liquidity.

The minimum withdrawal amount is only $1, which can be seen as if there is no limit to withdrawals. Credit card withdrawals usually require 4% fee or 7.5 USD. It takes 5-6 days for withdrawals to be fully done in case all documents have been submitted. These are bank/ payment system fees, so NordFX does not charge any fees of its own.