NordFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 16:42

Abstract：NordFX, founded in 2008, is a brokerage registered in Cyprus. The trading instruments it provides cover 33 Forex currency pairs, Metals, Cryptocurrencies, CFD Indices & Stocks, Oil.

　　Note: NordFX's official website: https://nordfx.cn/ is currently inaccessible normally.

NordFXReview Summary
Founded	2008
Registered Country/Region	Cyprus
Regulation	No regulation
Market Instruments	33 Forex currency pairs, Metals, Cryptocurrencies, CFD Indices & Stocks, Oil
Account Type	Fix, Pro, Zero, Savings
Demo Account	✔
MaximumLeverage	Up to 1:1000
Spread	Starts from 2 pips
Trading Platform	Meta Trader 4
Min Deposit	$10
Deposit & Withdrawal	Multiple methods including Online Bank Transfer, Bank Cards, Online Payment Systems, Cryptocurrency Payments, Mobile Payments. Commission fees and transfer periods vary
Customer Support	Phone: +44 2038688742
Customer Support	Email: support@nordfx.com

NordFX Information

　　NordFX, founded in 2008, is a brokerage registered in Cyprus. The trading instruments it provides cover 33 Forex currency pairs, Metals, Cryptocurrencies, CFD Indices & Stocks, Oil.

Pros and Cons

Pros	Cons
Offers diverse market instruments	Unregulated
Low minimum deposit	High commission fees
MT4 supported	High maximum leverage post high risks
Demo account available

Is NordFX Legit?

　　It is clear that NordFX is currently unregulated. The Whois website shows that the registration date of this dealer is 2008-05-20.

What Can I Trade on NordFX?

　　NordFX offers traders the opportunity to trade 33 Forex currency pairs, Metals, Cryptocurrencies, CFD Indices, Stocks, Oil.

Tradable Instruments	Supported
Metals	✔
Oil	✔
Forex	✔
Cryptocurrencies	✔
Stocks	✔
Indices	✔
Bonds	❌
Derivatives	❌
Futures	❌
Options	❌

Account Types

　　NordFX offers 4 different types of accounts to traders - Fix, Pro, Zero, Savings. It also provides a Demo Account.

	Fix	Pro	Zero	Savings
Minimum deposit	$10	$100	$500	$500
Spread	From 2 pips	From 0.9 pips	From 0.0 pips	Average yearly interest: 30%
Leverage	Up to 1:1000	Up to 1:1000	Up to 1:1000	Average yearly interest: 30%
Commissions	$0	$0	0.0035% per trade (each side)	Yearly loan interest: 3%

NordFX Fees

　　NordFX charges no commissions for Fix and Pro accounts, 0.0035% per trade (each side) for Zero account. Savings account's yearly loan interest is 3%.

Trading Platform

　　NordFX's trading platform is MT4, which supports traders on PC, Mac, iPhone and Android.

Trading Platform	Supported	Available Devices	Suitable for
MT4 Margin WebTrader	✔	Web, Mobile	Beginner
MT5	❌

Deposit and Withdrawal

　　The broker offers a lot of deposit and withdrawal methods. It charges fees for some methods, while some don't.

Operation	Method	Commission	Transfer Period
Deposit	Online Bank Transfer	0%	Up to 1 hour
	VISA	0%	Instant
	MasterCard	0%	Instant
	Skrill	0%	Instant
	NETELLER	0%	Instant
	Perfect Money	Varies (0.5%-1.99%)	Instant
	Help2Pay	0%	Instant
	PayToday	4%	Instant
	Dragonpay	0%	Up to 1 hour
	FasaPay	0%	Instant
	SticPay	0%	Instant
	Crypto Payments	0%	Instant
	Mobile Payments	0%	Up to 1 hour
Withdrawal	Online Bank Transfer	3%	Up to 1 hour
	Skrill	1%	Within 1 business day
	NETELLER	5% (max $500)	Within 1 business day
	Perfect Money	0.50%	Within 1 business day
	PayToday	3%	Instant
	Dragonpay	0%	Within 1-24 hours
	Help2Pay	0%	Instant
	FasaPay	1%	Instant
	Internal Transfer	0%	Varies
	Crypto Payments	0%	Instant
	Mobile Payments	5%	Up to 1 hour