NordFX Review 2022
NordFX is a multiple award-winning broker that offers traders Forex, CFDs, indices, commodities, cryptos, stocks. NordFX allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, NordFX has Demo Accounts, Social Trading, Signals and Auto Trading but is missing Islamic Accounts.
Cryptocurrency traders will have lots of options at NordFX, with 11 different coins to trade: BTC, ETH, DSH, BAB, BSV, XRP, ZEC, EOS, ETC, LTC and OMG.
NordFX is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
NordFX Summary
NordFX offer forex trading with specific accounts for each type of investor. Spreads start from 0.0 pips while minimum deposits start at $10.
Ratings
Bonus | None |
---|---|
Instruments | Forex, CFDs, indices, commodities, cryptos, stocks |
Demo Account | ✓ |
Min. Deposit | $10 |
Min. Trade | $1 |
Regulated By | VFSC |
MetaTrader 4 | ✓ |
MetaTrader 5 | ✗ |
cTrader | ✗ |
DMA Account | ✗ |
ECN Account | ✓ |
Mobile Apps | iOS & Android |
Auto Trading | Automated trading capabilities via MT4 trading platform |
Trade Signals | Yes (via MetaQuotes Software Corp - MT4) |
Social Trading | ✓ |
Copy Trading | ✓ |
Islamic Account | ✗ |
CFD Trading
Trade CFDs on oil, currencies, indices, and stocks
Leverage | 1:1000 |
---|---|
FTSE Spread | - |
GBPUSD Spread | From 0.1 |
Oil Spread | From 0.0 |
Stocks Spread | From 0.0 |
Forex Trading
Trade 33 forex pairs with spreads from 0.0 with the 'Zero' account. Prices quoted to 5 decimals places, and leverage up to 1:1000
GBPUSD Spread | From 0.4 |
---|---|
EURUSD Spread | From 0.0 |
EURGBP Spread | From 0.2 |
Assets | 33 |
Cryptocurrency Trading
NordFX traders can trade 11 cryptos with tight spreads
Spread | From 1.0 |
---|---|
Coins | BTC, ETH, DSH, BAB, BSV, XRP, ZEC, EOS, ETC, LTC, OMG |
Payment Methods
NordFX accepts the following payment methods:
- Credit Card
- Visa
- Mastercard
- Wire Transfer
- Webmoney
- Skrill
- Neteller
- Perfect Money
- Dragonpay
Awards
NordFX is a multiple award-winning broker, with 4 awards received so far.
- Best Social Trading Network 2021 - Forex Awards
- Best Affiliate Program 2021 - Forex Awards
- Best Customer Support 2021 - Forex Traders Association
- The Most Transparent Broker 2021 - World Forex Award
FAQ
Is NordFX Safe?
Yes, most likely, as we gave NordFX a trust score of 50% in this review. The main negative factor in this score is that NordFX is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does NordFX Accept PayPal?
No, NordFX does not accept PayPal payments.
Is NordFX Halal?
Probably not, as NordFX does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does NordFX support?
NordFX only supports the MetaTrader 4 trading platform at this time.
Is NordFX Regulated in the UK?
No, NordFX is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
Is NordFX Regulated?
Yes, NordFX is regulated by VFSC.
The fact that NordFX is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.
NordFX vs Other Brokers
If you want to compare NordFX with other brokers, use the detailed comparisons below.
NordFX vs