Read our detailed review to find out more. To take part, existing Pro account holders simply need to carry on depositing funds and trading. Virtual lottery tickets are automatically awarded when trading volumes are met and cash prizes can be withdrawn. Sign-up today for your chance to win big. The options of either managed funds or automated investments are clearly accessible and require extremely little customisation to deploy.
NordFX also offers a copy trading signals service. Experienced traders with profitable accounts can sell their trading tips to subscribers using the NordFX Pro account. The experts set their own subscription price and all the revenue adds to their bottom line, increasing profit margins for those who are willing to put in the time for research. Plus, there are no restrictions on strategies, both scalping and EAs are permitted.
Select from the top signal providers by reviewing their profitability over the last month, day, or all-time. So, if the trade is not successful, you pay nothing for the signal. The great news is, you can stop copying at any time.
NordFX has a wide array of financial instruments, asset types and markets available for its users to trade. These include 33 currency pairs, 11 cryptocurrency pairs, gold, silver, and a variety of commodities Unlike many other brokers, NordFX also offers managed investment services. The spreads offered on NordFX are extremely tight particularly compared with many of their competitors starting from just 0. They remain competitive by outsourcing trades to a third party liquidity provider, which helps keep costs low due to the extremely large trading volume.
A bonus of using this platform is that NordFX do not charge commission on the vast majority of trades. However, an issue to remain aware of is that fees are charged when funds are withdrawn — the specific amount depends on the withdrawal method E. Therefore, the amount of leverage offered is extremely high — although it varies according to asset class, rates of up to are offered. Though many experienced traders will welcome this high leverage limit, for new investors it is important they limit their downside.
A common reason many new traders lose money is an overextending of their position. With such high leverage, this is incredibly easy to do. NordFX use the MetaTrader 4 platform, which is widely employed in the industry. This is a comprehensive, cross-purpose and multifunctional tool which requires specific software to be downloaded. Therefore, users must have PCs with sufficient memory to use it. For mobile users, there is an app version available called MT4. These are available to download on both iOS and Android, although functionality is somewhat reduced compared to the desktop version.
Available as a free download from respective app stores, it offers complete account management, instant executions and a selection of order types. Mobile traders can still conduct technical analysis and set up price alerts. The app is an excellent trading solution for those looking to stay tuned into the financial markets while on the go.
Various payment options are available at NordFX. Users on the platform are able to wire funds directly into their accounts, use credit or debit cards, or various other online payment methods. The same payment methods are available for withdrawal, and depending which you choose impacts how long it will take before the money is available in your bank account — their website states anywhere between 1 and 6 business days. Money laundering regulation usually dictates that withdrawals must be made back to the same funding source used for the deposit.
Setup is a simple process, taking less than a minute. NordFX have a variety of offers for users, with reports written by an in-house analyst summarising the critical events across different financial markets. Customers also have the option of guaranteed stop-losses, limit orders and to a large degree can opt for automated trading. Regulations are relatively loose compared to a more rigorous governing body like the FCA.
NordFX is an online brokerage founded in with a proven track record of providing excellent, speedy services to its clients and over 10 years of trading experience. Over 1. They aim to enable their clients to trade cryptocurrencies, Forex pairs, indices or stocks and, unlike many competitors, also offer the option of managed investment services. They are regulated by the Vanuatu Financial Services Commission. NordFX offers a variety of additional features to entice potential users.
The Savings account is for account balances in stablecoins only. Demo and Islamic swap-free accounts are also available. The majority of deposit methods are fee-free, however, there are charges for some withdrawal methods. Below is a list of just some of the available markets for trading:. You can find a more detailed list here. Trading costs such as spreads and overnight funding swap rates vary depending on the entity, account type opened and instrument being traded and are covered further down this review.
The main features of each account are summarised in the below table:. The NordFX Savings account is an interest-based account on deposited and loan funds on invested capital. Interest is paid daily and is floating depending on the market. The below tables show the respective accepted currencies, fees, and transfer periods for some of the popular funding methods:.
The platform features are highlighted below:. Copy-trading allows users to copy the trading activity of top signal providers. Experienced traders can earn additional profit by selling their trading signals and beginners by copying them. This is where you can either register as a:. Overall, costs are transparent and competitive.
Trading costs with NordFX vary depending on the market being traded and the account type opened. The Fix and Pro accounts are commission-free with slightly larger spreads whereas the Zero accounts are commission-based but with raw spreads. The broker does charge a 10 USD per month inactivity account fee if there has been no account activity for calendar days. There is also a contact form on the support section of the website.
After testing the live chat function, we were greeted by an agent after 1 minute who answered our question promptly, as shown below:. Some of the main research available is explained below:. Overall, the market analysis section is comprehensive and includes a lot of the upcoming news and events each week but the content is only in article format.
Trading Signals are also useful to newer traders as they can copy the trades of more experienced traders simply through a subscription. NordFX provides a range of educational material through its learning centre that includes Articles, Forex Videos and a Glossary.
The content in the article section is detailed and is updated monthly but the forex videos do cover a wider range of topics and are also sorted by category: Beginners, Advanced, Terms, Strategies and MetaTrader. Users will need to have an account to access the majority of videos in this section. There is also a comprehensive glossary with key trading terms and their definitions.
There are four main account types to choose from — Fix, Pro, Zero and the Savings account. The Fix and Pro accounts are commission-free with slightly larger spreads whereas the Zero accounts are commission-based but with lower spreads. Additionally, there is a range of funding methods available a great choice of trading features, market research and education material. Is NordFX regulated? Where is NordFX based? How does NordFX make money? NordFX makes money throughspreads, commissions and swaps on certain tradable asset classes and trading accounts.
How do I deposit in an NordFX account? What is the min. How do I withdraw money from NordFX? What is the max leverage in NordFX? The maximum leverage offered by NordFX is How do I open an account with NordFX? An account can be opened at the click of a button on the NordFX website and can be done in just a few steps. Yes, MetaTrader4. Users can choose from three main account types called Fix, Pro and Zero.
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