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NordFX NordFX review

NordFX Review - Is nordfx.com scam or safe?

RATING: 3 / 7 REVIEWS ForexBrokerz NordFX
NordFX is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS

NordFX execution and slippage

2.77 pips

Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be. 

 
Our slippage data about NordFX is sampled by 10 of the most popular forex trading strategies in Zulutrade.com.
 
2.76 pips

NordFX slippage with Kama-spot trading strategy

Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF

Average profit:                14.0 pips
Average trade lifespan:  19 hours
Most traded pairs:               EUR/USD, GBP/USD and USD/CHF

 

2.17 pips

NordFX slippage with Saved FX trading strategy

Average profit:                  16.0 pips

Average trade lifespan:    1 day

Most traded pairs:                 EUR/USD, GBP/USD, USD/CHF
2.42 pips

NordFX slippage with Qurenix trading strategy

Average profit:                  9.0 pips

Average trade lifespan:  5 hours

Most traded pairs:             EUR/USD
2.33 pips

NordFX slippage with Forex Cruise Control trading strategy

Average pips/trade:           5.0

Average trade lifespan:   18 hours

Most traded pairs:              GBP/USD
1.37 pips

NordFX slippage with For333 trading strategy

Average pips/trade:           12.0

Average trade lifespan:   15 hours

Most traded pairs:              GBP/USD, EUR/USD, AUD/USD
3.31 pips

NordFX slippage with Azar Consulting trading strategy

Average profit:                   28.0 pips

Average trade lifespan:   3 days

Most traded pairs:               EUR/USD
1.27 pips

NordFX slippage with The Best Player trading strategy

Average profit:                  22.0 pips

Average trade lifespan:   13 hours

Most traded pairs:               EUR/USD
0.09 pips

NordFX slippage with Xiaolidao trading strategy

Average pips/trade:           9.0 pips

Average trade lifespan:   1 day

Most traded pairs:               EUR/USD
2.90 pips

NordFX slippage with Youron trading strategy

Average profit:                  9.0 pips

Average trade lifespan:   11 hours

Most traded pairs:               EUR/USD, GBP/USD
9.07 pips

NordFX slippage with Duanxian(GBP\USD) trading strategy

Average profit:                      10.0 pips

Average trade lifespan:      1 days
 
Most traded pairs:                   EUR/USD, NZD/USD, GBP/USD

Trading Accounts

 

Account type Min. deposit Min. trade size Max. leverage Spreads (Commission)
Fix $10 0.01 1:1000 2 pips, fixed
Pro $250 0.1 1:1000 From 0.9 pips
Zero $500 0.1 1:1000 From 0 pips + $3.5 - $5/lot

 

NordFX offers its clients the above account types, plus PAMM service. They can trade in more than 30 currency pairs, precious metals and cryptocurrencies CFDs.

 


The Company. Security of funds

 

The nordfx.com website is operated by Nfx Capital Vanuatu Inc., a company registered offshore, in Vanuatu. Although we do not recommend doing business with offshore brokers, the case with NordFX is a bit different.

 

First of all, NordFX was founded 10 years ago. It has earned a good reputation, and besides, the group of companies united by the brand also includes NFX CAPITAL CY LTD, which is regulated by CySEC in Cyprus. It also has a subsidiary that is licensed by the Securities and Exchange Board of India (SEBI). It has offices in China, Cyprus, India and the Russian federation.


Trading Conditions

 

Minimum Initial Deposit
NordFX requires $10 as a start, which is a low entry threeshold.

 

Spreads & Commission
This broker offers both fixed and variable spreads, which vary by account type, but overall the pricing of this broker is in line with the pricing in the forex sector. Fixed spreads amount to 2 pips on EUR/USD, and variable spreads on the commission-free Pro account start from 0.9 pips for this pair.

 

For further information and comparison, you may look up real-time spreads of some of the leading brokers here.

 

Maximum Leverage
The maximum leverage levels offered by NordFX is 1:1000, which is a really high ratio. Still, many other brokers provide similar leverage levels.

 

We advise you to exercise caution when trading on margin, as higher leverage involves higher risk of heavy losses, which may even exceed traders’ initial investments.

 

 

Trading Platforms

 

NordFX used the renown MetaTrader 4 (MT4) platform. This trading terminal offers all a trader needs: a number of technical indicators, extensive back- testing environment, advanced charting package and a wide range of Expert Advisors (EAs). Traders can download ready-made or create their own automated trading strategies and simply let the program do all the work. It comes in desktop and mobile versions.

 

What is more, MetaTrader 4 MultiTerminal is available with NordFX, an ideal choice for investors and managers, for traders who work with several accounts at the same time.

 


Methods of Payment

 

NordFX offers its clients many options to make deposits to and withdrawals from their accounts. The following payment methods are available: bank wire transfer and e-wallet systems, such as Skrill, Neteller Payza, OKPAY, FasaPay, Payza, Webmoney, Perfect Money, Qiwi, Yandex.Money Dengi online, and more.

 

 

Conclusion

 

Although the company operating the nordfx.com website is registered offshore, this broker is not one of those scams out there. The NordFX group is a recognizable brand on the forex market with many awards over the years. NordFX offers good trading conditions on the MT4 platform, as well as the option to trade in many cryptocurrencies.

 

Nonetheless, if you prefer to trade with a regulated entity, check out the offerings of NordFX’s Cypriot unit.

 

To sum up the above, here are the advantages and drawbacks with regards to this broker:

 

 

Pros

Cons

Competitive spreads

Offshore broker

MT4 & MT5 available

No CFDs on  stocks

High leverage available

 

More than 10 years of experience, part of a group with CySEC license

 

Many cryptocurrencies available for trade

 

 

Latest news about NordFX
Forex
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for NordFX

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

NordFX - a non-paying kitchen!

---
I opened an account, and started trading.
At first everything went well. Fast execution, minimum slippage.
I registered an partner link, began to advertise this broker.
By my partner link registered trader.
I received an partner commission and traded using commissions.
But at some moment they just closed the account without warning.
---
Then they sent a letter:
We inform you that for violation of the terms of the partnership agreement, which prohibits affiliates persons to participate in the affiliate program and receive a commission from trading, especially bonus funds, we are forced to cancel the affiliate commission and terminate the partnership agreement.
Deposit funds were returned back to your card. The repayment period is 3-7 business banking days.
---
To my requests to explain what was the matter that I violated - no answers from the broker.
As a result, I was not given all the profits I earned.
Give me my money back!

marina4 04/03/2019

NordFX did not pay me a profit of $5936

I have an account with NordFX number 1245395 was opened on July 10, 2018 . I made a Deposit of $ 1000 use Perfect money . After three months of trading, I made a profit of $ 5936 and I wanted to make a withdrawal. NordFX did not pay me a profit of $ 5936 for three months of my trading. When I made my first withdrawal request They simply blocked my account and returned the initial Deposit. NordFX says I broke rule 13.6.3 ...but I didn't break anything ! My trade was legitimate, I was doing only manual ! I didn't participate in PAMM! I didn't receive a bonus from NordFx ! I didn't trade using the news ! I didn't use arbitrage ! I just traded hands using limits orders ! This company is a fraud ! Don't trust them with your money ! I will demand that they pay my profit !!!

Анатолий 10/16/2018

Good broker

Opened the deposit $ 500, gave a bonus. It is important that the bonus is involved in the drawdown. So far, so good. Some glitches in the work did not notice. There was no need to contact support. He did not gain a lot of profit, but he managed without any problems. At the moment, from me plus this broker.

Baus 10/17/2017

I’ve always treated your ratings with respect.

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: https://www.myfxbook.com/members/ol989923/ol989923/1871284
(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.

OlegRaven 10/14/2017

SCAMMED for 2000 Euro of Profits!

NordFX are outright SCAMMERS when it comes to you making profits with them. They have outright STOLEN 2000 Euro of profits Ive made with them.

I have been trading with them since May 2016 and have become pretty profitable the last 2 months finally with my scalping strategy (which is permitted on all accounts like their website explicitly states).

Now it was time to withdraw some of my profits since I desperately needed the money I traded so hard for, sitting in front of the screen for 10 hours+ a day for months. When I requested the withdrawal, 10(!) minutes later Ive received this email from them:

"Hello.
We inform you that your trading accounts 1047186, 1047380, 1070661 and 1070662 were blocked for the client agreement terms violation.
Initial funds were returned.
--
Your sincerely
NordFx Finance Dept., Sergey,"

Screenshot: https://s31.postimg.org/pa4p26017/nordfx_email.jpg

They outright blocked ALL my trading accounts I had with them! I had the Micro, the Standard and all the others since I wanted to try them all out. But Ive requested the withdrawal only from the Standard account, yet they also have closed the Micro which also had money in it but where I didnt trade for a while. I cant get the money out of the micro account either since they have blocked backend access on their website for me completely for ALL accounts:

"Unfortunately, you can not log in to trader's cabinet: your account has been blocked"

Screenshot: https://s31.postimg.org/n3bfnpnmz/nordfx_blocked.jpg

All emails I sent them and asking what terms I have violated did stay unanswered - as well as any further communication attempts with them via email or their chat. Its kind of unbelievable that they say I have violated the client agreement, yet dont even mention which part of it (I guess it was the part of "profitable trading is forbidden under any circumstances"). It also adds to their "professionalism" that they dont even mention complete names in their emails, just "Sergey", so that you cant specifically refer to a person later on or report them to the police.

So I did some further research and found that they are actually based out of Russia. Yes, the website says Mauritius and what not, but its clearly operated out of Russia if looking at the IPs in their emails where theyve originated from:

"Received: from windows-8.1.shared (user-62-68-147-63.tomtelnet.ru [62.68.147.63])"

Screenshot: https://s31.postimg.org/mzvuvudgr/nordfx_email_header.jpg

So their "office" (its nothing more than a PO box actually) in Mauritius is nothing less than a simple attempt to hide the fact that they are from Russia. What is even more interesting is that they mention they are registered with FSC Mauritius and are allowed to provide financial services there. A call to the FSC I did today confirmed that they are NOT LICENSED with them NOR ARE ALLOWED TO OFFER FINANCIAL SERVICES in Mauritius! The FSC will start an investigation on their operations right away as they told me.

So their whole operation they have there is based on a complete fake and outright lies about being registered with the FSC. And on top, if you make profits, they will simply not send them to you and close your accounts instead. Hence I can only HIGHLY recommend to stay away from them under these circumstances. You can rather "donate" your money to some charity organization than to spend it on this fraudulent Russian operation.

P.S.: After some more googling, it seems I am not the only one, just looking at a few sites reveals what they are really after (YOUR MONEY):
http://www.tradecomplaint.com/search/sOrder,dt_pub_date/iOrderType,desc/pattern,Nordfx

Lorenz V. 07/20/2016

NordFx is good

This broker has been my main one for over 4 months and I am glad I tried them out, customer service is very helpful and the platform and executions are very good. Spreads are competitive and haven't had any problems with deposits/withdraws.

Pedro 01/28/2013

everybody should have this broker

i have almost 9 month experience with this broker,
excellent service and well customer support, very polite.
fast withdrawal and deposit, one should have this broker,
because i withdraw $170 and they paid me the same in my axis bank account on time.
also medium range spread. eurusd 2 and gbpusd 3.
good deal.

dotapingping 03/26/2012
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