NordFX review and ratings

Established 2008
Location Saint Lucia
Regulation FSRA
Offices Castries
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 10 USD
Spreads low  low
Platforms MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money Bitcoin Ethereum Liteсoin Tether SticPay
Type 'Zero+Pro+Fix' demo (commission: from $0 per side)
Login 60056770
Password 3m20iCa29g
Server NordFX-Demo (206.54.167.80:443)
Updated 27.02.2024 (Active)
Instruments Select the category  

Company information

NordFX is a forex broker located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).

Availability

NordFX accepts clients from all over the world, excluding USA, Canada, Germany, Japan and New Zealand.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

30+ Currency Pairs Based on major and minor world currencies.
13 Crypto Pairs Based on Bitcoin, BNB, Polkadot, Filecoin, Chainlink, Solana, Uniswap, Ethereum, Ethereum Classic, Litecoin, Dogecoin, Matic, Ripple.
4 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal CFDs Based on Gold and Silver.
3 Energy CFD Based on Crude Oil (WTI, Brent) and Natural Gas.
20+ Stock CFDs Based on shares of top-rated US companies.

Comprehensive review

NordFX is a forex & CFD brokerage company based in Saint Lucia, an offshore jurisdiction in the Caribbean. As usual with forex brokers in Saint Lucia, NordFX is regulated by the national regulator known as the Financial Services Regulatory Authority (FSRA).

NordFX is a forex & CFD brokerage company based in Saint Lucia, an offshore jurisdiction in the Caribbean. As usual with forex brokers in Saint Lucia, NordFX is regulated by the national regulator known as the Financial Services Regulatory Authority (FSRA).

Although some would argue that trading with brokers registered in offshore jurisdictions comes with greater risks, many traders also appreciate the simpler registration and verification procedures that these brokers employ. In addition, offshore forex brokers typically offer much higher trading leverage than those that operate out of major countries.

In NordFX's case, the maximum trading leverage is set to a whopping 1:1,000, which is already more than most traders can realistically manage. A high level of discipline is therefore necessary to be able to take advantage of this high leverage.

The trading instruments that are available from NordFX ranges from more than 30 currency pairs, the popular precious metals gold & silver, 13 major cryptocurrency pairs, as well as CFDs based on brent oil and stock indices such as Dow Jones 30, S&P 500, DAX 30, NASDAQ 100, and NIKKEI 225.

The spreads on these trading instruments are generally quite low compared to other forex brokers, depending on the type of trading account that is used. However, it is still important to note that this is not among the cheapest CFD & forex brokers out there for most traders.

All instruments that are available from NordFX can be traded on either the MetaTrader 4 (MT4) or MultiTerminal version of this platform, depending on each users preference. Both trading platforms are well-known in the forex trading community, and have a large user base world-wide. Despite being released all the way back in 2005, MT4 still remains one of the most popular forex trading platforms in the world, largely thanks to the wide selection of trading algorithms (Expert Advisors) that are exclusively available for that platform.

In terms of account types, NordFX offers the choice between three types of trading accounts: Fix, Pro, and Zero. In addition, a special Savings account that accrues interest is available for holding account balances in the stablecoins Tether (USDT), USD Coin (USDC), and DAI.

Among the trading accounts, the Fix account comes with fixed spreads at 2 pips on FX, gold, and silver, and a minimum deposit of just USD 10. The Pro account, meanwhile, comes with floating spreads starting from 0.9 pips, and the Zero account comes with the tightest spreads, starting from 0.0 pips.

All trading accounts can be funded through a whole range of payment methods. Most notably, NordFX accepts more e-wallets than most other brokers do. This includes services like Perfect Money, Neteller, Help2Pay, SticPay, Dragonpay, as well as several mobile payment options for the African countries Cameroon, Ghana, Kenya, Rwanda, Tanzania, and Uganda.

We are also happy to see that NordFX has recently added an option for funding accounts with crypto. At the time of writing, the accepted cryptocurrencies are Bitcoin (BTC), Ethereum Classic (ETC), Litecoin (LTC), and the stablecoins USDT, USDC and DAI.

In addition, standard methods like bank transfer and Visa & MasterCard are of course also accepted for funding trading accounts.

In the event of any questions or problems, NordFX's customer service department can be reached via live chat, email, or phone. The broker has dedicated local phone numbers in India, China, Bangladesh, Sri Lanka, Thailand, the Philippines, the United Arab Emirates, Latin America and the EU, making it even more convenient for traders located in those regions.

On a final note, we believe NordFX may be a good choice for traders looking for exceptionally high leverage on forex. This, however, requires experience and discipline, and can easily wipe out a trading account if not used with caution.

Lastly, it is also worth keeping in mind that although this broker is regulated, offshore-based forex brokers generally operate without the regulator interfering in their business. Traders should therefore not expect the same level of consumer protection as in regions like Europe, North America, and Australia.

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