09/05/ · NordFX Review: Complete Broker Overview. NordFX is a large international Crypto, Forex and CFD broker that has been around for a fair amount of time. They offer leveraged trading on a respectable range of assets. This is done through their raw ECN trading accounts which allow their clients access to some of the lowest spreads on the market/10 17/04/ · Conclusion. 7. Reviews. Forex broker Nord FX, founded in , now is the popular company known in the international market of broker services as a leader providing the quality innovative service for trading. For several years already it makes the stable access to Forex interbank currency market possible for Broker: Nord FX 16/08/ · NordFX is a forex broker. Nord FX offers the MT4 and MT5 trading currency platforms. blogger.com offers over 30 currency pairs, bitcoin, other cryptocurrencies, gold and silver for your personal investment and trading options. Forex Brokers Crypto MetaTrader 4 MetaTrader 5. Other related sites include blogger.com, blogger.com Add your review.4/5()
Nord FX Review And Rating, blogger.com | Myfxbook
NordFX nord forex review a large international Crypto, Forex and CFD broker that has been around for a fair amount of time. They offer leveraged trading on a respectable range of assets. This is done through their raw ECN trading accounts which allow their clients access to some of the lowest spreads on the market. In this NordFX review, I will give you everything you need to know about them. I will also give you some essential trading tips that you need to know.
NordFX was founded in and is owned by NFX Capital Vu Inc. which is based and registered in Vanuatu. However, nord forex review, the brand is also operated by a company that is based in Cyprus called Nord forex review Capital CY Ltd. This company allows NordFX to sell their services in Europe and its address is 14 Louki, Akrita street, Ayias Zonis,Limassol.
Given this direct connection, traders are able to get spreads that are as close to market as possible. As a margin trading broker, NordFX gives their traders the ability to trade Forex, Equities, Metals and Crypto with leverage of up to Since their inception, nord forex review, the broker has grown substantially, nord forex review. There are 1. They have translated their website into over 10 different nord forex review. Despite their global operations, there are some regions where they do not accept clients from.
One of the most notable of these is the United States, nord forex review. There are a number of things that we look at when determining how safe a broker is. These include regulatory licences as well as internal protocols. NordFX has two regulatory licences.
They have a licence that is issued by the Vanuatu regulatory authority for NFX Capital Vu as well as a CySec licence for NFX Capital CY. The latter is by far the more reputable so we will look at that.
You can see the below copy of the licence as well as the approved domains. Given that NordFX has a CySec licence, it means that they are authorised to take clients from a number of different countries in Europe. This is due to the financial passporting rules mandated by ESMA. Apart from knowing that the broker had to meet these requirements, it is also helpful to know that there is a regulator to turn to in the case of any complaints, nord forex review. There are a number of other protections that NordFX has implemented internally to help protect their clients.
For example, they operate a segregated bank account structure. This means that they keep all of their client funds in a bank account that is separate from the main broker bank accounts — which ensures protection of your funds in liquidation. They also have an advanced risk management system in place that is able to provide negative balance protection.
This means that no matter how far a position moves against you, it will be protected from going below 0. Finally, there are all the standard SSL protections that you would expect of most websites dealing with sensitive information.
All communication is encrypted as it is sent to their servers. There is a pretty respectable range of assets available at NordFX. They have Oil, Forex, Metals, Equity indices and cryptocurrencies. The exact assets that you will be able to trade depend on the type of account that you set up as well as the platform that you are going to be trading on. There are between different FX pairs that you can trade.
This is actually on the light side and we would have liked to see nord forex review selection of commodities to trade, nord forex review.
You can also trade Equity index CFDs at NordFX with contracts on indices such as the Nasdaq, Dow Jones, Nikkei etc. Unfortunately, there are no single stock CFDs on offer at NordFX. Therefore, you wont be able to trade your favorite companies individually here.
For those crypto fans, there is a pretty respectable range of cryptocurrencies that you can trade. This will range from depending on the type of platform. These include most coins you will want to trade such as Bitcoinnord forex review, Ripple, ZCashMonero etc. Something quite unique that NordFX has are crypto basket CFDs.
You can trade the below baskets that are based on market cap weightings of coins:. Nord forex review means that you can easily trade the top 10 Altcoins or the top 14 cryptocurrencies all at once. It also leads to better diversification from a risk perspective.
You can see exactly what each of these is composed of in the crypto account overview. The exact leverage that you will be able to get at NordFX will depend on the type of account that you have as well as the asset that you are trading.
The max leverage on their Forex pairs is up to 1, This is indeed quite high and we have not seen too many brokers provide such leverage. This will be offered through their Vanuatu licence as ESMA does not authorise leverage of higher than You also have on the indices and Brent Crude oil CFD contracts. When it comes to the cryptocurrencies, this depends on whether you are trading on MT4 or MT5. Below are an example of USD margin level per lot:.
Each lot above is worth one of the asset. So, taking a look at the MT5 Nord forex review account margin on Bitcoin we have an implied leverage factor of at current prices. This is about in line with other CFD brokers but less than other Futures exchanges such as BitMEX.
You should take note of all the margin call and liquidation levels that apply to particular assets. Keeping your account fully funded is a requirement to avoid getting closed out of your positions. Given that NordFX operates as an ECN broker, the spreads that you are likely to pay on the trading pairs are going to be quite low with some close to 0. Of course, nord forex review, this will depend on the type of asset that you are trading as well as the account type.
These do indeed seem pretty reasonable and are in line with some of the other ECN brokers on the market. This is standard in the Forex industry and is a measure of the difference between the two different interest rates on the currencies. It could be a fee or a rebate, nord forex review. If you are going to be trading equity indices then you will be charge a flat fee or commission on the size of the position, nord forex review.
This is set at 0, nord forex review. This essentially means that you will get given a rebate for making a market and you will be charged a fee for taking liquidity off their books. If you are going to be funding your account then there are also some fees that you could incur. This nord forex review on the method that you will use to fund your account. Below are some of the fees:. We found this slightly less than ideal. Even if these are fees that they have to incur from the payment processor, other brokers typically eat the fee.
If you want to withdraw your fees then you will also be charged a fee depending on the type of method:. Some of these withdrawal fees are quite high. If you are looking for the most cost-effective way to withdraw your cash then you are probably best suited to try another web wallet such as Neteller. There are 4 different account types at NordFX. These will give you access to the different spreads, markets and platforms.
For the 3 forex accounts at NordFX, you will use the MT4 trading platform. The cryptocurrency account will have you trading on the MT5 platform.
If you are looking for more information in these you can read our platform section below. Although all of the accounts offer crypto, you will get different leverage limits and 2 more crypto assets when you trade with the crypto specific account on MT5. Moreover, when you are nord forex review the crypto specific account, you have access to all of those unique crypto indexes. These are not available on the MT4 platform with the Forex accounts.
When it comes to execution of the orders, nord forex review, the Fix account is executed immediately whereas all the other accounts nord forex review market ECN execution, nord forex review.
In the end this will really depend on your own preferences. If you are more of cryptocurrency trader then you will want to go for the crypto account. This of course assumes that you are used to trading on the MT5 platform. If you trade high Forex volumes then the Zero account could be for you — watch those lot commissions though. Why risk your funds at a live account initially when you have access to a full no obligation demo account?
NordFX offers their traders free use of demo account on any of the platforms that are listed below. This could be a great way for you to test the platform in a non-threatening way without risking your funds.
If you wanted to set up a demo account you would need to register at NordFX. They need your contact information as well as an email to send you the login details. One of the most important things that you are interested in as a trader is the platforms that you have access to at a broker.
These were developed by the MetaQuotes company and are used by millions of traders globally as well as numerous brokers, nord forex review.
MT4 is the standard in the online trading world. It is time tested and is the most well-known platform among traders. It was developed specifically to trade forex markets.
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09/11/ · Nord FX reviews and ratings, a forex trading broker rated and reviewed by forex traders/5(28) 16/08/ · NordFX is a forex broker. Nord FX offers the MT4 and MT5 trading currency platforms. blogger.com offers over 30 currency pairs, bitcoin, other cryptocurrencies, gold and silver for your personal investment and trading options. Forex Brokers Crypto MetaTrader 4 MetaTrader 5. Other related sites include blogger.com, blogger.com Add your review.4/5() 17/04/ · Conclusion. 7. Reviews. Forex broker Nord FX, founded in , now is the popular company known in the international market of broker services as a leader providing the quality innovative service for trading. For several years already it makes the stable access to Forex interbank currency market possible for Broker: Nord FX
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