NordFX Review in Jun. 2024

Published on 14/06/2024
Fact checked 14/06/2024

TrustedBrokers Score

3.4 / 5
  • Markets
    3.0 / 5
  • Trading environment
    4.2 / 5
  • Deposits and withdrawals
    3.2 / 5
  • Investor protection
    2.0 / 5
  • Customer service
    4.6 / 5
Our take on NordFX

NordFX.com is a fully offshore Forex broker serving traders since 2008. Trade 33 currency pairs, crypto and more with flexible leverage up to 1:1000 on MetaTrader 4. Start trading in minutes without ID checks.

NordFX is one of few brokers that allows anyone to open an account and trade without having to provide proof of identity. However, you'll need to verify your identity later, upon raising a withdrawal request.

NordFX offers leverage up to 1:1000 across currencies and precious metals. However, as it reserves the right to adjust the maximum leverage based on market conditions, you could be surprised by a margin call if you use high leverage.

NordFX processes deposits and withdrawals fast, including on weekends. However, inconsistencies between deposit and withdrawal methods have been a source of frustration for us. Withdrawal fees, in the region of 4% for Visa and Mastercard, are a negative.

  • Likes
  • High leverage up to 1:1000.
  • Copy trading and PAMM accounts are available.
  • Start trading without ID.
  • Dislikes
  • NordFX offers fewer instruments than other brokers.
  • NordFX only supports the MT4 platform.
  • Withdrawal fees apply.

Easily navigate this review:

3.0 / 5
Markets

Trade CFDs on up to 33 Forex pairs, 13 cryptocurrencies, precious metals, energy products and a handful of indices and stocks. NordFX offers fewer instruments than most brokers, but its selection will appeal to Forex and crypto traders.

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4.2 / 5
Trading environment

Trade the markets through the MetaTrader 4 platform, on leverage up to 1:1000. NordFX.com provides a range of accounts for beginners and more experienced traders, including a raw spread account.

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3.2 / 5
Deposits and withdrawals

Fund your NordFX account through crypto, VISA, Mastercard or an online wallet. NordFX doesn't charge its customers for deposits, but withdrawal fees apply. Annoyingly, some deposit methods aren't available for withdrawals.

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2.0 / 5
Investor protection

NordFX.com is a fully offshore broker, in business since 2008. No investor compensation fund is available on the island of Vanuatu where it is incorporated. Use little to no leverage, as NordFX won't cover your losses if you lose more than your deposit.

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4.6 / 5
Customer service

Customer support is available five days a week via live chat, email and telephone, in English, Spanish, Chinese, Hindi, and other languages. NordFX customer service agents have always been helpful and professional in their interactions with us.

NordFX Alternatives

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Author

About the author

I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.