NordFX Review

NordFX is an international company that provides all online trading services for currencies, as well as gold and silver. Company was founded in 2008. The offered services include RAMM – an innovative system for automatic copying of trading signals, investing in global stocks with high incomes and a level of capital protection up to 100%, and favorable trading conditions. 

For more than ten years of existence in the market, the company has received many prestigious awards and has registered more than a million customers from around the world.

Account opening

The NordFX broker has 3 types of accounts oriented for different requests, 4 trading platforms and a customer support system in the Personal Account. The opening procedure itself is very simple, you just need to enter your data and confirm it via email. Also the “demo account” option is available.

Types of trading accounts

The forex broker company offers 3 options for opening an account:

•    Fix: 28 currency pairs + metals +; the minimum deposit is $10; dynamic spread fixed from 2 pips.

•    Pro: 33 currency pairs + metals; the minimum deposit is $250; dynamic spread from 0.9 pips.

•  Zero: 33 currency pairs + metals; the minimum deposit is $500; dynamic spread from 0.0 pips; commission 0.0035% per transaction in each direction.

•   Crypto: 17 crypto pairs + 4 crypto index; the minimum deposit is $500; market execution; dynamic spread of 1 pip.

At the same time, all accounts can work with a cryptocurrency, but on less favorable terms than the one that was specifically designed for this purpose, so if you intend to trade primarily in digital money, then a Crypto account will work best.

Also, there are some conditions common to all accounts. These are trading time, a leverage of 1: 1000, the resolution of automated trading, the maximum number of open positions and pending orders is 100, the minimum lot is 0.01, the maximum lot is 50 with a step of 0.01. When choosing Pro and Zero options, customers are given access to interbank liquidity, quotes of 5 characters and market execution of orders.

Such wide opportunities allow both beginners and experienced users to get high profits regardless of the size of the starting capital and to steadily improve their positions in the trade markets.

Deposit and withdrawal of funds

There are several convenient ways to fund your account at NordFX:

•    Bank transfer

•    Using a Visa / MasterCard credit card

•    Via electronic payment systems WebMoney, Skrill, Qiwi, PayToday, Yandex Money and others.

For a transfer through a bank, a commission may be charged according to the conditions of the bank; the depositing of cards and most electronic systems is processed without commissions. To make transfers, your card and trading account must be previously confirmed by the system.

Types of trading platforms

There are three trading platforms: MetaTrade4, MetaTrade5, and Multiterminal, but the first one includes additional platforms for Android and iPhone, which makes it almost universal for mobile users.

Out of more details: MT4 is one of the best and safest platforms nowadays, allowing you to easily and quickly conduct technical analysis, create and test your trading strategies, and respond to market events on time. MT5 is a cryptocurrency trading version. It is distinguished by the instant placement of the order and its purchase, 7 types of market execution and its  service for testing and strategic advice.

MT4 Multiterminal, in turn, was designed specifically for traders and managers who deal with multiple accounts. The platform has a simple and fast interface that helps when working with many details. With its help, you can fully manage orders: put them on a purchase, close positions or change them, carry out operations at the expense of the investor and manually set the transaction volume on each account.

Also, when working with this platform, there is a nuance: all accounts must be located on one server, also, the company recommends testing it on a demo account before full use to get used to the system and learn all its advantages.

For maximum productivity, NordFx offers to use both platforms at the same time, performing analysis on MetaTrade4, and trading through Multiterminal.

Analytics and other services

Every 4-5 days, Forex and cryptocurrency market forecasts are updated on the website there is also an economic calendar that can be customized to your needs.

For users who are working on the MT4 platform, there is a separate automated trading service designed to suit the particular system. Its advantage is in constant communication with a bog amount of traders and the ability to become a supplier of signals and receive additional income.

So that communication with NordFX servers is constant and not dependent on Internet jumps, you can use your personal virtual server VPS.