NordFX Review 2022 (Expert Review)

NordFX Review Summary

NordFX is a regulated online broker that offers a wide range of trading instruments. The company offers more than fifty tradable assets, including major currency pairs and minor ones. It also offers many cryptocurrencies and indices, as well as metals. NordFX requires that you provide proof of identity and address when you register for an account. This includes copies of utility bills and photo ID. If you use a bank card, you will also need to submit documents showing your address and identity. If you are looking for a good forex broker, NordFX is a great choice.

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NordFX Platform Features

NordFX main features and highlights
๐Ÿ—บ๏ธ Country of regulation Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee No
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 10
๐Ÿ•– Time to open a NordFX account 1-3 Days. *A NordFX demo account can be opened in a few minutes, but live NordFX trading account creation times will vary depending on how long it takes to process your NordFX KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 2
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Majors, Metals,

NordFX review
NordFX Financial Regulation

NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.

NordFX review
NordFX Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using NordFX include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using NordFX can be that the spreads offered on trading cryptocurrencies are relatively wide; no mutual funds available to invest in; high minimums are often required for most forms of copy trading; high risk meaning it is not often a suitable platform for new traders.

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NordFX Advantages

One of the main advantages of using NordFX is around the clock service and support as well as research offerings. Not only this, but NordFX has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of NordFX with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with NordFX makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. NordFX offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • NordFX has been in business over 10 years.
  • NordFX offers Neteller as a payment method
  • NordFXoffers Islamic Accounts
  • NordFX offers Hedging
  • NordFX offers Scalping
  • NordFX does not have inactivity fees

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NordFX Disadvantages

Although NordFX has a lot of good points NordFX does not offer the below.

NordFX Review Risk Warning: Losses can exceed deposits.

NordFX Review

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Things to understand when trading with NordFX

Online trading on trading platforms like NordFX have seen huge growth in the last 3 years. Trading with NordFX requires that you take the time to learn how financial markets work and are able to trade with NordFX using in depth technical analysis and NordFX risk management trading tools. Trading with NordFX involves risk. You should only risk capital with NordFX that you can afford to lose. Understand your risk tolerance with NordFX, and have a trading strategy that NordFX is able to help you execute. NordFX is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments NordFX give you access too.

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NordFX Trading Fees

Trading fees on NordFX are taken in the form of the spreads NordFX offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on NordFX. NordFX fees vary depending on the financial instruments traded and can include, NordFX trading commission fees, spreads, margin fees, and NordFX overnight fees. There may be some currency conversion fees charged by your 3rd party payment provider if your NordFX base currency is different from your NordFX withdrawal method.

NameNordFXIC MarketsRoboforex
Account FeesNoNoNo
Withdrawal FeesNoNoYes
Deposit FeesNo
Inactivity FeeNoNoNo
riskwarningTry Now

Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

NordFX review
NordFX Financial Instrument Fees

NordFX fees for Forex, Majors, Metals, are listed below.

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NordFX Stock Trading Fees

The majority of NordFX trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A NordFX stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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NordFX Forex Fees

Commission on NordFX Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for NordFX Forex fees is based on their trade size. To calculate NordFX Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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NordFX Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. NordFX cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. NordFX cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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NordFX Non Trading Fees

NordFX non-trading fees include a variety of NordFX brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the NordFX trading platform. The most common non-trading fees include NordFX withdrawal fees, NordFX deposit fees and NordFX inactivity fees.

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NordFX Deposit Fees

When funding your NordFX account there may be some NordFX deposit fees which will vary depending on the payment method you use to deposit to your live NordFX trading account. NordFX does not charge deposit fees.

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NordFX Inactivity Fees

A NordFX inactivity fee is a sum charged on NordFX brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. NordFX does not charge traders inactivity fees. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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NordFX Withdrawal Fees

NordFX does not charge withdrawal fees. Withdrawals fees vary between NordFX and NordFX alternatives depending on where you are located and how much money you are withdrawing. Check your NordFX account details you hold with NordFX in order to check whether or not you will have to pay a withdrawal fee.

NordFX review
NordFX Account Fees

NordFX does not charge account fees. Account fees charged differ between NordFX and other brokers. An account is a fee that NordFX and other brokers assesses on all accounts for the ability to keep an account on their platform.

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NordFX Account Opening

The NordFX account registration process is simple, user-friendly, and quick. Within 1-3 Days most NordFX trading accounts are ready for live trades. Our NordFX account was validated in 1 day, but live NordFX trading account verification times will vary depending on the time it takes to process your KYC documents and NordFX trading account application. A NordFX demo account can be opened in a few minutes.

NordFX trading accounts are available in over 188 countries. NordFX is restricted in the following countries.

Apart from the restricted countries a NordFX trading account can be opened globally.

The NordFX trading platform is available for residents in US. Some financial instruments NordFX offer may be restricted in your country.

  • Fast NordFX account opening.
  • NordFX accounts can be opened and KYC can be verified digitally.
  • NordFX minimum deposit is 10 USD / GBP / EURO.
  • NordFX trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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NordFX Deposit And Withdrawal

NordFX Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD, EUR are supported by NordFX as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

NordFX offers the following account USD, EUR.

When trading make sure your NordFX trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. NordFX has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameNordFXIC MarketsRoboforex
Number Of Currencies2104
Base CurrenciesUSD, EURUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZDUSD, EUR, CNY, XAU
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Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

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NordFX Deposit Fees and Deposit Methods

Investors can log in to their NordFX trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their NordFX trading accounts from an existing bank account or send the funds through a wire transfer or online check.

NordFX Deposit Fees

Making a deposit on your NordFX account is free.

NordFX Deposit Methods

There are several methods through which you can deposit money into your NordFX account. One can use a credit or debit card and NordFX accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your NordFX account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your NordFX account.

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NordFX Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your NordFX brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open NordFX positions before doing so. Remember that after you sell your stocks, you may have wait for the trade to settle before you can withdraw that money from your NordFX account.

NordFX Withdrawal Fees

Making a withdrawal on your NordFX fees are subject to your location and amount of money being taken out of your NordFX account.

NordFX may charge a withdrawal fee. Some withdrawal fees are out of the control of NordFX and may be due to 3rd party payment providers and your account base currency.

NordFX Withdrawal Methods

Log into your NordFX trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your NordFX account to your bank account. To withdraw money from your NordFX account you can use credit or debit cards. NordFX processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as NordFX processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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NordFX Trading Platforms

As there are a number of financial instruments and trading options available on trading platforms like NordFX, not all platforms offer the same options. Before investing in the NordFX platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The NordFX platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. Customer service functions vary: some offer 24/7 support whereas others provide email support only.

If you struggle with technology, you need to consider the level of support on NordFX is available. Another thing to consider is your financial goals. Are you looking for long-term investments for retirement, or do you want to focus on short-term successes? Make sure that a NordFX account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a NordFX account. Ensure that NordFX allows you to focus on the type of trading that you want to focus on.

Make sure NordFX is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using NordFX, think about how easy it is to use for your personal needs. Does the NordFX platform offer real-time updates or delayed updates that are more informed? Remember to check if NordFX is well regulated, and what tradeable financial instruments NordFX has. Security is very important when it comes to trading with NordFX.

NordFX Web Trading Platform

A NordFX web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through NordFX which acts as a financial intermediary. NordFX is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the NordFX mobile trading platform.

NordFX Apple IOS Trading Platform

A NordFX iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

NordFX Google Play Android Trading Platform

A NordFX Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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NordFX Mobile Trading User Experience

NordFX mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. NordFX mobile trading refers to trading in the stock market using a mobile phone.

Leading brokerages like NordFX offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire NordFX portfolio. All an investor needs is a Web-enabled smartphone and a trading account with NordFX. Once you have download the NordFX trading app, you are ready to begin.

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NordFX Desktop Computer Trading Platform

A NordFX computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The NordFX desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The NordFX desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

NordFX MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

NordFX MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

NordFX PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using NordFX. A trading computer with access to a NordFX PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

NordFX Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the NordFX trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the NordFX trading platform is very user friendly and easy to use on a Mac device.

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NordFX Trading Look And Feel

The NordFX user interface (UI) is what NordFX traders will see and interact with first when trading with the NordFX trading platform. The NordFX is well designed. The goal of the NordFX trading UI is to make the NordFX user's experience easy and intuitive. The NordFX application has good user experience and a good level of customer satisfaction.

NordFX Security

NordFX is a secure trading platform. NordFX offers traders security via 2 factor authentication, SSL encription when trading with NordFX. NordFX trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with NordFX. Rate limitation on NordFX suspicious account activities is another layer of protection that is provided for NordFX trading accounts, for example multiple failed login attempts with NordFX. You have the option to further safeguard your account by using NordFX Two-Factor Authentication (2FA), which provides an extra layer of security.

The NordFX trading infrastructure is constantly watched and guarded by a trained team at NordFX In addition, NordFX never send sensitive information without first encrypting on the NordFX trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On NordFX

Available NordFX order types. # market, limit, stop, stop limit, Good until end of day / canceled.

NordFX Market Order

A NordFX market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. NordFX market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. NordFX market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

NordFX Limit Order

A NordFX limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

NordFX Stop Order

A NordFX stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

NordFX Stop Limit Order

A NordFX stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The NordFX stop-limit order triggers a limit order when a stock price hits the stop level. A NordFX stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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NordFX Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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NordFX Trading Platform Features

Online trading platforms like NordFX are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with NordFX. The NordFX trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using NordFX.

NordFX Margin Trading

NordFX margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, NordFX margin trading is a facility under which one buys stocks that they cannot afford. You are allowed to buy stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

NordFX Copy Trading

Copy trading with NordFX allows users to copy trades executed by other NordFX investors in the financial markets. The goal of copy trading is for a NordFX trader to have the same positions as the NordFX investor they are copying. When copying another NordFX trader, you do not receive the plan of the traders NordFX strategy, but simply follow their trades they execute on NordFX. NordFX copy trading is one way to automate your investment strategy. Copy trading trades on NordFX must still be monitored and copy trading on NordFX still has risk of trading loss.

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NordFX Account Types

NordFX Demo Account

NordFX offers demo accounts that gives traders the ability to purchase and sell NordFX financial instruments in a practice environment, using fake NordFX digital money and live market conditions and data. When you practise on a NordFX demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the NordFX platform. NordFX demo accounts allow you to experience and practice a variety of market charts, NordFX trading indicators, and trading strategies using NordFX.

NordFX Standard Account

NordFX offers a standard trading account, allowing NordFX traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich NordFX trading platform.

NordFX STP Account

NordFX STP (Straight Through Processing) account is a NordFX trading feature that involves sending NordFX client orders directly to the market without passing them through a dealing desk. A NordFX STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

NordFX DMA Accounts

NordFX Direct market access (DMA) refers to the access one is afford to the electronic facilities and order books of the NordFX financial market exchange that facilitate daily securities transactions. Rather than relying on market-making firms and broker-dealers to execute trades, NordFX might use direct market access to place trades themselves. NordFX DMA accounts make individual contracts with each liquidity provider.

NordFX Islamic Accounts

NordFX islamic accounts respect Islamic finance law. NordFX swap free accounts do not accumilate interest and NordFX transactions are actioned immediately. A NordFX Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using NordFX following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with NordFX Islamic accounts do not pay or receive interest rates.

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NordFX Tradable Financial Instruments

NordFX tradable financial instruments are the financial instruments that are specifically available to trade on the NordFX trading platform. This refers to the different types of financial markets you can trade with through NordFX. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on NordFX.

NameNordFXIC MarketsRoboforex
CFD TradingYesYesYes
Stock MarketsNo11053
ETFsNo
Fractional SharesNoNoYes
CryptocurrenciesNoYesNo
riskwarningTry Now

Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

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NordFX Trading Stocks

Stock trading with NordFX is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with NordFX; if you possess the stock on NordFX, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on NordFX involves purchasing and selling stocks and share using NordFX periodically in order to time trades against the stock markets, with the aim of using NordFX to profit from your stock trading. NordFX stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on NordFX. Stock traders on NordFX conduct significant study, frequently dedicating several hours every day to market monitoring using NordFX trading tools.

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NordFX Trading ETFs

What Are ETFs

NordFX does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

NordFX does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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NordFX Trading Cryptocurrencies

NordFX does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by NordFX, so you will need to find a NordFX alternative that allows you to buy and sell the underlying cryptocurrency assets. NordFX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a NordFX alternative and make sure you undertand the risks fully before trading.

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NordFX Forex Trading

Forex trading with NordFX is a method through which to invest money which involves trading one currency for another in a Forex currency pair with NordFX. The main aim of NordFX Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with NordFX. As a NordFX Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like NordFX. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like NordFX. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on NordFX.

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NordFX Commodities Trading

Commodity trading is a type of trading available on NordFX where individuals or businesses buy and sell financial instruments using NordFX related to commodities, such as metals or oil.

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NordFX Options Trading

NordFX options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. NordFX option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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NordFX Futures Trading

Futures trading with NordFX is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using NordFX to facilitate the trade. A NordFX futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on NordFX. Typically, futures contracts are traded on an exchange such as NordFX; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling NordFX trader to the contract agrees to provide it.

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NordFX Bonds Trading

Bonds trading on NordFX is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the NordFX trader. Bonds can be bought and sold on NordFX after they are issued. While some bonds are traded publicly through NordFX, most trade over-the-counter between large broker-dealers like NordFX acting on their clients' or their own behalf. Yield is therefore based on the NordFX purchase price of the bond as well as the coupon.

NordFX CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameNordFXIC MarketsRoboforex
Forex CFDYesYesYes
Index CFD2530
Stock CFD651108400
ETF CFD503050
Commodity CFD202020
Crypto CFDNoYesNo
riskwarningTry Now

Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

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NordFX Trading Research Tools

Stock trading is considered a short-term approach to investing. Successful stock traders can make large profits, but there is also a lot of risk involved in trading as well. Taking advantage of trading research tools designed to help traders analyse potential investments can minimise risk and provide an edge when attempting to earn profits. Some NordFX research tools include charts, technical analysis, and currency correlation.

NordFX Trading News

Traders can follow the markets and make wise investment decisions on NordFX by using the news to help form a strategy when it comes to choosing investments. A NordFX news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

NordFX Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A NordFX economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

NordFX Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. NordFX fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

NordFX Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on NordFX are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

NordFX portfolios

Trading portfolios are useful when trading with NordFX.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A NordFX trading portfolio is a traders collection of investments and financial assets, which may include a variety of NordFX financial instruments.

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NordFX Payment Methods

A NordFX payment method is required to fund your NordFX trading account before placing a buy order on a financial instrument.

When trading with NordFX, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that NordFX do not have any control over.

NameNordFXIC MarketsRoboforex
Payment MethodsCashu, Perfect Money, QIWI, Yandex MoneyBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

NordFX review
NordFX Withdrawl Methods

When trading with NordFX at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your NordFX account balance. NordFX may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your NordFX account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

NordFX Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your NordFX account.

Withdrawal requests can take up to three business days to be processed by NordFX.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your NordFX should arrive in less than 24 hours.

NordFX review
NordFX Customer Support

Customer support represents the resources within the NordFX company that provides technical assistance to its customers after they use the NordFX service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

NordFX offer email, livechat, phone, 24/7 support.

NordFX Email Support

NordFX offers email support.

Email support is a a convenient method of NordFX customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from NordFX regarding your support request.

NordFX Livechat Support

NordFX offers livechat support.

NordFX live chat support is a way for customers to obtain help from NordFX through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

NordFX Telephone Support

NordFX offers telephone support.

NordFX telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the NordFX call centre to give or take information.

NordFX 24/7 Support

NordFX 24/7 customer support means customers can obtain help and find answers to questions as soon as they arise, 24/7 and in real-time. NordFX offers 24/7 support through NordFXlivechat support, a knowledge base, live chat, or embedded messaging.

NordFX review
NordFX Educational Resources

NordFX educational resources are used throughout the NordFX learning environment to help and assist with customer's development and learning of trading. Theyre designed to reinforce learning and in some cases allow people to put their knowledge to the test. Educational resources are brilliant for educators to help deliver the best quality lessons.

NordFX Trading Platform Tutorials

NordFX offer a range of learning resources and tutorials and guides made available to registered NordFX users. The guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers.

NordFX Trading Videos

NordFX offer a selection of online trading videos.

Trading videos help new and even more experienced investors gain insights into technical analysis tools and how the different financial markets work.

Trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks.

NordFX Webinars

A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience who participates by asking questions, replying to polls, and using other interactive technologies.

NordFX review
NordFX Financial Regulation and Trader Safety

Financial regulations on NordFX protect consumers' investments. Regulations prevent financial fraud and limit the risks that NordFX as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. NordFX financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is NordFX Regulated?

NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.

Is NordFX Safe?

You can find out if brokers are licensed in your country, if they have had run-ins with regulators, or received serious complaints from investors. Go to https://www.fca.org.uk/firms/financial-services-register and click on "Search the Register".

Regulatory Protection Limits

When registering with NordFX you must check with regulatory body your NordFX trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your NordFX account is over seen by.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

NordFX Trading Signals

NordFX trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A NordFX trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the trader to then decide whether or not to act on the signal.

How does NordFX make money?

Because NordFX acts as an intermediary, NordFX gets compensated through commissions on buy and sell transactions of financial instruments. As a result, NordFX profit is determined by the volume and number of transactions.

Spreads (both variable and fixed) and SWAP rates are how NordFX make money. The SWAP rates are determined per product and applied to the account balance

When trading Forex somwe brokers charge a per-trade commission, while others charge the spread between bid and ask prices. Forex brokers make money by maintaining the spread or by collecting a fixed fee.

Can you buy shares on NordFX?

NordFX does not provide customers with real company shares trading. NordFX offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and NordFX on the speculative up or down price movement on an agreed stocks price movement.

Does NordFX offer Cryptocurrency?

NordFX does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

NordFX Lower fees, lower costs?

NordFX have reasonable trading fees and costs. NordFX may charge a deposit fee. NordFX may charge a withdrawal fee. Some withdrawal fees are out of the control of NordFX and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

NordFX minimum deposit is 10 USD / GBP / EUR.

How to start your NordFX account?

You can sign up for a live or demo NordFX trading account by visiting NordFX and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an NordFX account here.

How's the NordFX trading app?

NordFX allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the NordFX trading app here.

Is the quality of NordFX customer service satisfactory?

NordFX have great customer support which is accessible through email, livechat, phone, support options.

Is this broker good for new traders?

NordFX is a good trading platform for new traders as NordFX offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from NordFX?

NordFX offer a good selection of withdrawal options. Once NordFX have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

NordFX Review 2022 (Expert Review) guide updated 06/08/22