Nord FX Review


NordFX is an international brokerage, which has been operational since 2008. Since its inception, it is servicing over 1,200,000 clients from over 100 countries. The NFX Group consists of three independently regulated operating subsidiaries. NFX Capital Vanuatu represents the international branch where most clients will be served from, NFX Capital Cyprus LTD caters primarily to EEA traders, and Nord Forex India Pvt LTD is the Indian subsidiary. NordFX is continually adding services to improve the trading environment for its clients. This broker is also engaged in asset management through three funds it administers for investors, while PAMM accounts are available for portfolio managers to offer their services.

NordFX homepage

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Regulation and Security

NFX Capital Vanuatu is regulated by the Vanuatu Financial Services Commission (VFSC), where it is listed in the regulator's Active Financial Dealers Licensee List, under registration number is 15008. NFX Capital Cyprus LTD is authorized by the Cyprus Securities and Exchange Commission  under license number 209/13. As an EU regulated brokerage, it is compliant with the Financial Instruments Directive 2014/65/EU or MiFID II, and the EU’s 4th Anti-Money Laundering Directive. EU Directive 2014/49/EU protects traders under the Investor Compensation Fund (CIF) with maximum coverage of €20,000. Nord Forex India Pvt LTD is regulated by the Securities and Exchange Board of India (SEBI) under registration number INZ010009835. It is additionally a member of the National Stock Exchange of India (NSE) and the Indian Joint Stock Exchange Ltd (USEIL).

This brokerage is fully compliant with its three regulators. It publishes all required documents, including Pillar III disclosure requirements, as stipulated by the Basel Committee on Banking Supervision. Clients' funds remain fully segregated from company funds, and the Cyprus subsidiary offers negative balance protection. Traders should understand the benefits of each regulatory entity before getting started.

Most international traders will manage their portfolios from the VFSC regulated entity.

NordFX VFSC regulation

EEA traders may choose better selection under the  subsidiary with different trading conditions.

NFX Capital CySEC regulation

The SEBI regulated brokerage serves Indian-based traders.

SEBI regulation in India

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NordFX derives its revenues through a combination of spreads and commissions, depending on the trading account type and asset. It also acts as a market maker in specific account types and profits directly from client losses. Spreads in the Fix Account start from 2.0 pips for the EUR/USD, which are reduced to 1.2 pips in the Pro Account. Traders won't get access to a competitive trading environment unless they opt for the Zero Account, where the spread is listed as 0.3 pips with a 0.0035% one-way commission or 0.0070% two-way. Commissions in the Stock Account are noted as 0.20% per round trip.

Swap rates on overnight leveraged positions apply, while corporate actions impact equity CFDs. Unfortunately, some deposit fees exist. Withdrawals also carry charges, depending on the utilized payment provider. An inactivity fee of $10 per month applies if the account has remained dormant for 365 consecutive days. This is lower than the inactivity fee demanded from most brokers.

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What Can I Trade

The asset selection at NordFX is somewhat limited, but pure Forex traders may find the thirty-three currency pairs just enough to diversify smaller portfolios. Only three commodities are offered, as are five equity CFDs. This broker has received awards for being a great cryptocurrency broker and it offered elven cryptocurrency pairs at the time of this NordFX review. With the inclusion of sixty-eight equity CFDs, covering major companies across several key markets, the overall asset selection is improved. Portfolios up to $100,000 should find proper opportunities for entry-level cross-asset diversification.

Some of the 33 Forex pairs offered by NordFX:

FX pairs at NordFX

Five CFDs are offered by NordFX:


Eleven assets represent the cryptocurrency market.

NordFX Cryptocurrency offerings

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Account Types

When it comes to account types, NordFX made an effort to provide choices. However, it appears impossible to trade equity CFDs and Forex in the same account type. The Fix Account requires a minimum deposit of only $10, but spreads start from 2.0 pips and are fixed, as the name suggests. Trading costs are reduced in the Pro Account, but a $250 minimum deposit is mandatory. 

A competitive trading environment is created in the Zero Account for a minimum deposit of $500. The EUR/USD carries an average spread of 0.3 pips with a commission of 0.0070%.  This one is listed as an ECN account, the previous two follow a market maker model, but NordFX doesn’t provide the MT4 bridge required to connect the trading account to the ECN network. NFX Capital Vanuatu offers maximum leverage of 1:1000, while NFX Capital Cyprus LTD is limited to 1:30. The Stock Account is where traders gain access to equity CFDs for a commission of 0.20% and maximum leverage of 1:5.

NordFX lists four account types, but the Zero Account is the one that provides the most competitive trading environment.

NordFX account types

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Trading Platforms

Like many newish brokers, NordFX provides the standard MT4 trading platform without any third-party plugins required to unlock the full features of it. In the basic form, it lacks critical features which may be a drawback to experienced traders. While a broad range of free plugins are available, some are available only for a fee. Full support for automated trading solutions and the open-source code allowing fintech firms and developers to create custom solutions on the MT4 infrastructure have made it the most popular trading platform in the retail sector.

NordFX MT4 platform options

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Unique Features

NordFX offers three investment funds for a management fee of 2% and a performance fee of 35% which may be of interest to traders who want some assistance. 2020 will be the fourth year since those funds were launched and interested traders may request more information. Each fund carries a different minimum investment, and the investment period ranges from three months to one year. Early withdrawals carry a penalty. This broker also offers a VPS service for automated trading solutions in partnership with Fozzy for a reduced price of $13.95 per month.

Three investment funds are managed by NordFX.

NordFX investment funds

VPS hosting is available but at a monthly cost of $13.95 per month.

VPS offering by NordFX

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Research and Education

A weekly analysis, which includes a review of the past week’s events and an outlook for the coming week, is the sole research material provided. It is centered on sentiment analysis, but the origin of parameters is not declared. Trading signals are granted through MetaQuotes’ website, in the form of a copy service provided from retail traders to retail traders.

New traders can explore the education center, where this broker made an effort to cover a range of topics through video content. It should be the first step for beginners, and this process should not be rushed. NordFX created a solid introduction to the Forex market, and the glossary provides a comprehensive list of items. A trading account is required to access the education center, which is the standard at most brokerages.

A weekly analysis is the only research material produced by NordFX.

Market Analysis by NordFX

A copy service managed by MetaQuotes provides trading signals.

NordFX Signals by MetaQuotes

An education center is available for new traders to explore.

Very good education center

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Customer Support

NordFX traders have access to customer support 24/5, which is available in English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay. The best approach to reach support is via e-mail or by filling out the webform. Phone support is available in English, Bengali, Hindi, Sinhalese, Chinese, Russian, Thai. NordFX mentioned a new chat interface, which could not be confirmed during this NordFX review.

NordFX Customer support center

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Bonuses and Promotions

At the time of this review, NordFX provided no bonuses or promotions, as is common with most highly-regulated brokers.

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Opening an Account

A swift online application starts the new account procedure, the standard operating model across the brokerage industry. New clients may choose their desired leverage, and the required information is minimal. The final step consists of the account verification per regulatory requirements. This is completed by sending a copy of the trader’s ID and one proof of residency document. Since NordFX is in full compliance with its three regulators, traders should feel safe in submitting the requested documents.

Open account page

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Deposits and Withdrawals

Trading accounts may be funded through bank wires, credit/debit cards, WebMoney, QIWI, Skrill, Neteller, Perfect Money, Yandex.Money, Ngan Luong, PayToday, and Dragonpay. Deposit and withdrawal fees, as well as processing times, vary based on the preferred payment processor. Availability is additionally dependent on the geographical location of the trader. Payments are processed through another NordFX subsidiary, NFX Capital VU LP, which is registered in Scotland under company number SL30993. More detailed information seems to be available after the account is opened.

Most processing times are instant, and traders have plenty of choices.

NordFX Banking options

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General Information

Company Information

  • Headquarters : Cyprus
  • Regulation : VFSC

Account Information

  • U.S. Clients Allowed :
  • Minimum Deposit : $10
  • Maximum Leverage : 1:1000
  • Commissions / Spreads : Both
  • Account 1 : Fix
  • Account 2 : Pro
  • Account 3 : Zero
  • Account 4 : Stocks
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4
    • Platform Languages :
      • English
    • OS Compatibility :
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Bahasa
      • Thai
      • Malay
      • Portuguese
      • Russian
      • Chinese
      • Arabic
      • Spanish
      • Other
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :
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Is NordFX regulated?

NFX Capital Vanuatu is regulated by the Vanuatu Financial Services Commission (VFSC) under the registration number is 15008. NFX Capital Cyprus LTD is authorized by the Cyprus Securities and Exchange Commission  under license number 209/13. Nord Forex India Pvt LTD is regulated by the Securities and Exchange Board of India (SEBI) under registration number INZ010009835.

What is NordFX?

NordFX is an international brokerage operational since 2008, serving over 1,200,000 clients from over 100 countries.

Is NordFX legal in India?

NordFX serves Indian traders through its Indian subsidiary Nord Forex India Pvt LTD, which is authorized and regulated by the Securities and Exchange Board of India (SEBI).

What is the maximum leverage offered by NordFX?

The VFSC regulated brokerage offers maximum leverage of 1:1000, and the  authorized one limits it to 1:30

What trading platforms does NordFX offer?

NordFX provides traders only with the basic MT4 trading platform, without required third-party plugins.

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NordFX is a steadfast broker, home to over 1,200,000 accounts from over 100 countries. This broker is regulated in three jurisdictions and grants four trading accounts. The Zero Account is the only one with a competitive structure, where traders will enjoy high leverage of 1:1000 if they register under the VFSC regulated entity, plus tight spreads and a competitive commissions.

The research provided by NordFX is rather light, but the educational section is solid. Asset selection is overall limited but should be sufficient for retail traders. Regrettably, only the fundamental MT4 trading platform is available. NordFX manages three investment funds and supports PAMM accounts. VPS hosting is available via a third-party at a reduced cost.

There is plenty of untapped potential at NordFX, but the existing foundation is solid. Adding third-party plugins for the MT4 trading platform will go a long way and boosting the overall appeal of this brokerage. A broader asset selection will be appreciated, complementing the great trading conditions in the Zero Account. This broker deserves consideration as a part of a well-diversified approach to trading. This broker continually adds services, and the innovative nature of NordFX is one of its prime attributes.

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User Reviews

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2 User Reviews

I’ve always treated your ratings with respect. After reading some reviews about NordFx I got suspicious about your ratings. Do you allow anyone to post anything without any proof?

As of NordFX, I’ve been trading there for 2,5 years. Over the period, I’ve already made 353% on top of my starting capital. My NordFx account number is 989923. You can monitor it here:
(I can provide the admins with an invest password if needed)

Therefore, I can definitely say that 99% of the negative comments about NordFx published on your website are fake and have nothing to do with reality. Over the 2,5 years of trading with NordFx, I haven’t seen any software lags, slippage, non-market quotes, or pretty much any other tricks against me (I never use pending orders to enter or exit another trade, and I still get my orders executed WITHOUT any problem at all times). Like I said, I’ve already earned 353% of profit, and I can definitely say that NordFx has NEVER played against me (unfortunately, some other brokers have).

The bottom line is this:
It takes 24 hours to withdraw funds into my Webmoney purse, which was used to deposit funds. The only commission is the one charged by Webmoney – 0,8%. The spreads are moderate (I have another account with FIBO Group, and they charge traders with much bigger spreads for cross pairs – actually, twice as wide as those charged by NordFx or Fort Finance). When it comes to swaps, NordFx is one of the best choices, and the broker is regulated by an E.U. financial regulator.

What else would you like your broker to offer? As for me, that’s more than enough.

NordFx is a REALLY reputable broker! I’d like to explain why I made this choice since you need to pay close attention to the detail if you want to reveal the broker’s true colors.

I work with NordFx though a website rendering rebate and auto-copying services. If needed, I can provide the admins with the name of the service so that they check this information. I get paid handsomely for each standard lot I trade at NordFx. If to compare NordFx Dukascopy, FIBO Group, and Fort Finance, NordFx pays me 3(!!!) times as much as FIBO Group, 2,5 times as much as Dukascopy, and 1,2 times as much as Fort Finance.

That’s why I recommend that you open a NordFx account through a rebate service to get a decent amount of extra money on top of your trading profits. Or you can become an IB. By the way, NordFx is one of the very few brokers to allow IBs to trade forex in a dedicated IB group. The founder of the rebate service I work with also has a NordFx account with much bigger trading capital and he has been making money with trading and rebating for years. FIBO Group and some other brokers banned him from doing so a long time ago.

For those of you questioning my words, I’ll ask some other successful NordFx traders to visit this rating and share their reviews along with the links to their monitored accounts (with invest passwords for the admins). Together, we manage big-scale conservative investor accounts opened with more than a dozen forex brokers.

The list of those brokers includes really big names but NordFx is still the best for me. Also I’d like to apologize to the admins for being a little bit too emotional but I guess it would be nice to filter out those fake reviews and ask for proofs before publishing them.


Account 1175549. They stole my profit 545 usd and blocked my account. They answered only in 1 week and said that think I was using hedging, they can't give any evidence and left my money to themself.

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