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NordFX (CY) Nord Markets Review

NordFX (CY) Review, - is nordfx.com.cy scam or good forex broker?

RATING: 0 / 0 REVIEWS NordFX (CY)
NordFX (CY) is an offshore broker. Your money is not safe.

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NordFX (CY) execution and slippage

2.39 pips
2.68 pips

NordFX (CY) 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

 

2.28 pips

NordFX (CY) 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 (CY) slippage with Qurenix trading strategy

Average profit:                  9.0 pips

Average trade lifespan:  5 hours

Most traded pairs:             EUR/USD
2.34 pips

NordFX (CY) 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 (CY) slippage with For333 trading strategy

Average pips/trade:           12.0

Average trade lifespan:   15 hours

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

NordFX (CY) 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 (CY) 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 (CY) slippage with Xiaolidao trading strategy

Average pips/trade:           9.0 pips

Average trade lifespan:   1 day

Most traded pairs:               EUR/USD
2.88 pips

NordFX (CY) slippage with Youron trading strategy

Average profit:                  9.0 pips

Average trade lifespan:   11 hours

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

NordFX (CY) 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 & Conditions

 

 

Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads
Standard $1 0.01 1:500 1.4 pips

 

The Cyprus unit of NordFX offers a single account type with no commissions and no minimum deposit. It involves variable spreads, averaged 1.4 pips on EUR/USD on MT4, leverage up to 1:500, and STP/DMA execution.

 

NordFX (CY) Advantages

 

Solid regulation

NordFX (CY) is owned and operated by NFX Capital CY Ltd., a company licensed by the Cyprus Securities and Exchange Commission (CySEC). CySEC applies certain rules and requirements to forex brokers and that is why clients of such can trade with the ease of mind that their funds are safe.

 

Competitive pricing

NordFX CY offers commission-free trading with variable spreads, averaged 1.4 pips on EUR/USD. Such pricing is pretty competitive, although some brokers offer lower spreads. For further information and comparison, check out the link below.

 

 

>>Real-time spreads of top-rated forex brokers<<

 

 

No initial deposit set

This broker does not require any minimum initial investment, so you can open an account with just $1.

 

MT4 available

NordFX CY offers its services on the most popular forex trading platform, the MetaTrader 4. It is the preferred choice of most traders because of its ease of use, great charting, customization possibilities and wide range of Expert Advisors and analysis indicators.

 

>>Find a better MT4 broker<<

 

High leverage levels

This broker offers leverage up to 1:500, which is a comparatively high ratio. It is nice to have this option as a trader, because you don’t need to deposit much, yet keep in mind that higher leverage levels also increase the risk of losses, not only your profit potential.

 

NordFX (CY) Disadvantages

 

Limited product portfolio

The Cypriot brand of NordFX offers only forex pairs for trade, while at nordfx.com one can also deal in wide range of cryptocurrencies such as Bitcoin, Ripple, Ethereum, etc. Popular trading instruments such as CFDs on indices and stocks are not available at NordFX (CY) either.

 

No choice of trading platforms and account types

Unlike many other brokers, including the offshore unit of NordFX, this broker does not offer different account type options. Besides, trading is available only on the MT4 platform.

 

 

Conclusion

 

Overall, NordFX (CY) seems like a good choice of a forex brokerage: it is иежквьшеа, supports MT4, and offers competitive trading conditions. Besides, it is a part of NordFX Group, which has 10 years of experience in the forex sector and also includes companies operating in India and Vanuatu.

 

CySEC is one of the most popular financial regulators in Europe. Regulation in Cyprus involves certain requirements for brokers and has a lot of advantages. First of all, licensed companies may operate throughout the EU and EEA. Second, it involves the Investor Compensation Fund, the objective of which is to secure any claims of covered clients arising from malfunction by a licensed broker up to EUR 20 000 per person.

 

 

>>Top CySEC-regulated brokers<<

 

 

Pros Cons
CySEC license Limited product portfolio
Competitive proicin No choice of trading platforms and account types
MT4 available  
No initial deposit set  
High leverage levels available  

 

Latest news about NordFX (CY)
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Traders` reviews for NordFX (CY)

Spread

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Slippage

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Price feed

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Platform

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Deposit/Withdraw

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