NordFX Review

Richard Montana | March 25, 2022

Founded in 2008, NordFX is an online broker that offers traders across the globe Forex and CFD trading on the MT4 and MT5 trading platforms. They have competitive fees and execution speeds with flexible accounts and leverage.

Pros / Cons
  • Strict regulation
  • Leverage up to 1:1000
  • Minimum $10 deposit
  • Investment fund
  • PAMM
  • Discounted VPS
  • Limited trading assets
  • Lack of daily market analysis
  • No social trading
  • No US clients


NordFX is an online forex and CFD broker that promises low spreads, ultra fast executions and overall quality service. The company was established in 2008 and has been in operations for over a decade, garnering a wealth of experience, maturity and a global clientele.

The NordFX brand is owned by the NFX Capital Group. The global brand ( is operated by NFX Capital VU INC while the European brand ( is operated by NFX Capital CY Ltd. The global brand operates from Vanuatu while the EU brand is located in Limassol, Cyprus.

NordFX Broker Features

NordFX Broker Features

NordFX boasts of 1.2million clients from over 100 countries. The website is available in 14 languages. They offer the renowned MetaTrader platforms for the buying and selling of over 50 trading instruments. The broker offer ECN trading with spreads starting from 0.0 pips.

NordFX has been honoured with 46 industry awards for excellence. Some of the awards include “Best Micro Forex Broker” given at the 2014 China Forex expo awards and the “Best Broker of Asia” which the broker received at the IAFT awards in 2018.

NordFX Award Winning Broker

NordFX Award Winning Broker

NordFX Fund

NordFX also offer an investment fund. The investment fund enables clients to invest in shares of some of the world’s leading companies from different market sectors, starting from $1,000 and lasting for 3 months to a year. There is the Pro-Industry Fund, Pro-TECH Fund and Pro-Expert Fund. It should be noted that past fund performance is by no means any guarantee of future fund performance.

Pro-Industry Fund

The Pro-Industry fund contains shares of the larger companies who have shown the best in terms of growth, aiming to maximize profit potential. Companies include Nike, Ferrari, Pfizer, HP Inc, Coca-Cola and McDonald’s. The minimum investment for this fund type is $1,000 whereas the duration lasts from 6 months to 1 year.

NordFX Pro-Industry Fund

NordFX Pro-Industry Fund

Pro-TECH Fund

The Pro-TECH fund contains shares of leading technology companies who have the best performance in that sector. Companies include Adobe Systems, Microsoft, Apple & Intel Corp. Clients can track the fund’s progress and add or withdraw funds at any time. The minimum investment for this fund type is $3,000 whereas the duration lasts from 6 months to 1 year.

NordFX Pro-TECH Fund

NordFX Pro-TECH Fund

Pro-Expert Fund

The Pro-Expert fund combines shares from some of the world’s largest companies with the greatest growth potential from various industries. Clients can track the funds performance and add or withdraw funds at any time. Companies in this fund include Amazon, Netflix, PayPal, Google and Facebook. The minimum investment for this fund type is $5,000 whereas the duration lasts from 3 months to 1 year.

NordFX Pro-Expert Fund

NordFX Pro-Expert Fund


NordFX provide a percentage allocation money management (PAMM) service via MT4 for professional traders and money managers who receive remuneration as a percentage of profits. An investor gets to allocate his or her money in desired proportion to the qualified managers of their choice. The managing trader can determine the requirements and offer for potential investors.



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The global arm of the broker is regulated by the Vanuatu Financial Services Commission (VFSC) while the European arm is regulated by the Cyprus Security and Exchange Commission (CySEC) with license number 209/13.

The broker states that clients’ deposits are held in segregated bank accounts opened with the top rated banks.

All clients are verified using “Know Your Customer” (KYC) procedures. NordFX mandates all clients to provide a ‘proof of identity’ and a ‘proof of address’. Clients are required to scan and upload their government issued ‘Identity cards’ and also their utility bills. The broker also abides with the Anti-money Laundering Policy.

NordFX Regulation

NordFX Regulation

The European arm of the brand; NFX Capital CY LTD does not provide its financial services to the residents of USA, Canada, Japan, Belgium and other additional jurisdictions.


The MetaTrader platforms were developed by MetaQuotes Software Corporation. These platforms are the most widely used among forex and CFD traders. The MT4 and the MT5 are the only platform available to NordFX clients.

NordFX Platforms

NordFX Platforms

MetaTrader 4

The MT4 trading platform is the most popular among all trading platforms in the world today. It is well accepted because of its array of tools, features and simplicity. The MT4 can be downloaded from the NordFX website and installed on a windows pc or a MAC computer. Here are some of its features:

  • The ‘Market Watch’ shows live assets quotes that keep fluctuating in real time.
  • One-click trading as well as trading from charts can be enabled and utilized.
  • It has 4 types of pending orders, order history and order adjustment.
  • Customisable windows and charts that can be displayed against 9 different timeframes from one minute (M1) to one month (MN).
  • Direct access to the MetaTrader market where traders can buy other trading tools that can assist them. Tools like indicators, signals, EAs, etc.
NordFX MetaTrader 4

NordFX MetaTrader 4

MetaTrader 5

This trading platform was developed as an upgrade to expand the features of the already existing MT4. It has more tools, capabilities and extensions. NordFX are currently no longer offering MT5. Here are a few of the features of the MT5:

  • In addition to live quotes, it can show the ‘depth of market’.
  • 6 types of pending orders in addition to order management features on the MT4.
  • 38 technical indicators and 44 analytical tools are inbuilt into the MT5. These can be further extended via plugin applications.
  • 3 chart styles can be displayed on 21 timeframes from one minute (M1) to one month (MN) with more subdivisions of minutes and hours than the MT4.
  • The economic calendar comes with the MT5.
NordFX MetaTrader 5

NordFX MetaTrader 5

Mobile Platforms

Each of the MT4 and the MT5 has its own mobile apps. The apps are designed for iOS and android devices and are downloadable from their respective app stores. The apps are user friendly and replete with lots of features and tools. Here are a few:

  • The apps integrate with the desktop versions and can be used to monitor, adjust or close trades placed on the desktop MetaTrader version.
  • Order management and risk management features are available on the mobile apps.
  • Full charting on 3 chart styles that can be displayed over 9 timeframes.
  • Drawing tools and indicators are all available on the mobile MT4 and MT5.
  • Fully customisable quotes and charts.
NordFX MetaTrader Mobile

NordFX MetaTrader Mobile

MT4 Multi terminal

This is the MT4 trading platform designed for account managers who operate several accounts at the same time. The platform is capable of placing bulk orders across numerous trader accounts instantly. It also has other MT4 features in addition to its unique multiple account management features. The manager can easily add and remove accounts, place and modify bulk orders and also use trading tools like EAs, signals, VPS, etc.


NordFX have some limited but useful trading tools to assist traders with conducting market analysis.

Economic Calendar

The economic calendar shows dates and time of economic events that are likely to impact the financial markets. The calendar also shows the impact assessment, history, forecast and the assets involved. Trades can be directly placed from the data available on economic calendar.

NordFX Economic Calendar

NordFX Economic Calendar

Trading Signals

NordFX clients can utilise the various trading signals services embedded into the MT4 platform. Some signals are free while others are accessed by paying subscriptions. Clients can search and subscribe for any signal of choice right from the MT4 platform.

Virtual Private Server (VPS)

NordFX provides Virtual Private Server (VPS) services in partnership with Fozzy Forex VPS; a VPS hosting company popular in US, Europe and Asia. VPS is important to Expert Advisor (EA) users and other traders who need fast and reliable connection to the trading servers. The price is discounted for NordFX clients at a monthly subscription of $13.95.

Trading Calculator

NordFX offer a useful trader’s calculator which helps traders to conveniently estimate their potential profits based on account type, leverage, currency, action and instrument traded.

NordFX Traders Calculator

NordFX Traders Calculator


NordFX have a learning centre that consists primarily of forex training videos and a trading glossary. They also have an analysis section to help clients keep up to date with some of the latest market happenings.

Market News & Analysis

Market News & Analysis are provided by NordFX’s analysts. This section of the website is normally updated on weekends. It gives a review of the previous week’s activities and gives a forecast of the week ahead. The articles cover technical and fundemental analysis in great detail along with annotated charts.

NordFX Market Analysis & News

NordFX Market Analysis & News

Trading Video Tutorials

The videos are grouped under beginners, advanced, terms, strategies and MetaTrader. There are a total of 28 videos designed to train beginners. The full training videos are only accessible to registered clients. The videos are short, professionally presented and very clear in terms of audio and picture quality.

NordFX Education

NordFX Education

Trading Glossary

NordFX provide a trading glossary on their website with over 160 trading terms along with detailed definitions.

NordFX Trading Glossary

NordFX Trading Glossary


There are over 50 tradable assets available to clients of this broker. They currently have 33 major, minor and exotic currency pairs such as the EURUSD, GBPUSD, EURJPY & USDCHF. There are 15 cryptocurrencies including Bitcoin, 6 indices and 2 metals.


There are 3 different types of accounts offered by NordFX. The accounts are available in 3 currencies namely: USD, ETH and BTC. The maximum leverage is 1:1000 for all accounts. The CySEC regulated jurisdictions are restricted to a maximum of 1:30.

NordFX Account Types

NordFX Account Types

NordFX Fix Account

The Fix Account has fixed spreads starting from 2 pips. With this account, a client can trade 28 currency pairs, 15 crypto assets, 6 indices and 2 metals. Only $10 is required to open this account and the trades are instantly executed. The main advantage of this account is the fact that you know the spread cost prior to entering a trade. Fixed spreads can change during times of low volatility, news releases and on other occasions.

NordFX Pro Account

The Pro Account is for experienced traders. The minimum opening deposit is $250 while the floating spread start from 0.9 pips. 33 currency pairs, 15 crypto pairs, 6 index CFDs, metals and cryptocurrencies can be traded by the Pro account holders. Market execution is the used to process all orders placed from this account type.

NordFX Zero Account

The Zero Account is designed for experienced traders who want to enjoy the benefits of the Electronic Communications Network (ECN). Because this account gives the trader access to the interbank liquidity, spreads starts from 0.0 pips. With this account type, NordFX charges a commission of 0.0035% for every trade on each side. This account gives access to trade 33 currency pairs, metals and cryptocurrencies. This account would most likely be considered by a client whose trading strategy requires tight spreads, such as a scalper.


The customer support desk operates 24 hours, 5 days a week. They speak over 5 languages. The support team can be reached via web form, instant web chat and email. There are phone numbers specific for clients from Bangladesh, China, Sri Lanka, Russia, India and Thailand. The social media channels available are: facebook, twitter, Google+, Instagram, Telegram, LinkedIn, Pinterest and YouTube.


NordFX insists that it does not charge deposit and withdrawal fees. However, any charges incurred by the broker while processing payments will be passed to the client. All accounts are completely verified before withdrawal requests are approved. Here are the payment methods:

  • Bank Transfer: This method can be used to deposit and withdraw funds to and from clients’ trading accounts. Transfers take 3-6 days for complete processing.
  • Credit and Debit cards are also accepted for deposits and withdrawals. The deposits are instantly processed and no commissions are charged. Card withdrawals take 5-6 working days while the withdrawal commission charged by NordFX is ‘4% of the withdrawal amount + $7.50’.
  • NordFX accepts online payment Methods like WebMoney, QIWI, Skrill, NETELLER, PerfectMoney, Yandex and PayToday. All online payment deposits are processed instantly while withdrawals may take up to 24 hours. Commissions ranging from 0.5%-2% are charged depending on the specific option used.
  • NordFX can effect internal transfer of withdrawals in USD and EUR only. This method is free of commission and processed within one business day.
NordFX Funding Options

NordFX Funding Options


To open a NordFX trading account, click on ‘Open an Account’ button found on the website. Fill the form that displays.

NordFX Account Opening Form

NordFX Account Opening Form

It only requires filling personal and account details. After filling the form, click ‘Open a Trading Account’. Immediately, the account is opened and the account details are displayed on the screen. The same details are also sent by email. The account is ready to be funded for trading to commence.


NordFX is an ECN broker that has won multiple awards. The brand has implemented modern solutions that have ensured very fast order executions and digitally secure trading environment. New account creation is fast and easy. Demo accounts are free for practice and strategy perfection. Only $10 is needed to commence live trading. Raw ECN spreads starting from 0.0 pips are offered by NordFX. Though the asset listing is limited, the most traded forex pairs as well as crypto assets are available. Both the research analysis and the training package are not comprehensive but it is enough to provide the necessary basics and trading assistance. NordFX has been in operation for over a decade. They have the experience, technology and awards to show for it.

NordFX Logo

Min $10 Deposit

Founded in 2008, NordFX is an online broker that offers traders across the globe Forex & CFD trading on the MT4 & MT5 trading platforms. They have competitive fees & execution speeds with flexible accounts & leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.