Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have traded with NordFX we would really like to know about your experience – please submit your own review. This average customer rating is based on 1 NordFX customer reviews submitted by our visitors. No – NordFX is a trusted international broker with 1.7 million accounts opened across 190 countries.
NordFX MetaTrader 5 (MT
The MT4 Multiterminal 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 expert advisors, trading signals and virtual private server (VPS). Whatever your experience level, you can navigate the financial markets using the MT4 platform on desktop, web and mobile. It is well regarded primarily because of its array of tools, features and thousands of add-ons which can further enhance the possibilities of the platform.
How does NordFX calculate overnight fees?
This essentially means that you will get given a rebate for making a market and you will be charged a fee for taking liquidity off their books. Given that NordFX operates as an ECN broker, the spreads that you are likely to https://forexhero.info/ pay on the trading pairs are going to be quite low with some close to 0. The exact leverage that you will be able to get at NordFX will depend on the type of account that you have as well as the asset that you are trading.
Is the NordFX Trading Platform Secure?
The spreads offered on NordFX are tight, starting from just 0.0 pips. They remain competitive by outsourcing trades to a third-party liquidity provider, which helps keep costs low due to the large trading volumes. Both platforms also offer enhanced levels of functionality to dig down into and a wide range of data and charts available for analysis if users want more control and insight over their investment decisions. The founder wanted to create a reliable investing service, and it looks like they succeeded. If you are wondering how trustworthy NordFX is, then know that over 1.7 million accounts across 190 countries have been opened on the site since it launched. CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4 and MT5.
What are the funding methods for NordFX?
The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. Depositing funds with NordFX ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if NordFX were to go out of business unexpectedly. All payments made to NordFX by traders are securely held in a segregated bank account. If you have experience trading with NordFX please share your personal review of the broker and what you think are strong and weak points.
As we mentioned earlier, EAs are a great way for you to trade the markets in an automated way. Whether you will pay for these signals or get them for free will depend on the provider themselves. NordFX is merely facilitating the connection to the traders through the MT4 platfrom. This allows you to filter the most profitable traders and follow only them on your trading dashboard. You also have full control of the automation / replication procedure.
These do indeed seem pretty reasonable and are in line with some of the other ECN brokers on the market. As you can see, the Zero has the lowest spreads although on this account you will have to pay a 0,0035% commission each side of the trade. The process for setting up an account with Nord Fx is quick and painless! All you need to do is go to their website at nordfx.com, go to Accounts and choose which one you want to create by clicking ‘Open Account’ under that option. They will ask for details including your name, email, phone, account type, currency you wish to deposit in, and credit leverage you wish to use.
- It’s recommended that you check the NordFX website before signing up.
- For example, if you are going to be withdrawing via credit card you will have to pay the 4% (on top of the 1-4% for funding).
- A stand out feature of NordFX is the face they also offer managed investment funds, something that not many other similar brokers offer.
- All of these videos have been custom developed just for NordFX and you won’t find it anywhere else.
Thankfully, NordFX provide you with one of the best trading platforms in MetaTrader 4 (MT4). This is the platform of choice for millions of traders who are looking for a simple yet powerful way to buy and sell various trading instruments using manual and automated strategies. All trading accounts can be funded through a whole range of payment methods.
As an extra precautionary step, I would like to see a third-party insurance policy covering client deposits or membership with the Hong Kong-based Financial Commission. 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. The features of the Android platforms available from NordFX are essentially identical to those of iOS platforms, including the full list of features mentioned above. The Android application has an intuitive interface and delivers the features of MetaTrader 4.
This solution offers a stable, fast, and uninterruptible connection to NordFX. Customers also have the option of guaranteed stop-losses, limit orders, plus automated trading. Where users refer a friend that goes on to make a deposit, the referrer receives 10% of that deposit as a cash bonus. The account offers 24/7 support and the DemoCup contest, where users compete for a $42,000 prize pool. No commissions are charged except for the Zero account (starting at 0.0035% per trade for each side) and on crypto at 0.06%. The Savings account has a yearly loan interest fee of 3% on average.
It is important to note that using an MT4 MultiTerminal platform is somewhat challenging for all but advanced traders. As such, NordFX strongly suggests that you read the User Guide for this particular platform before using it and that you first test the program using a demo account. You should also keep in mind that with the MetaTrader 4 MultiTerminal, all of the managed accounts must be on a single server. It’s fast when placing sell or buy orders and with the wide selection of trading strategies, you have many order types available. The programming language with this platform allows you to use expert advisers and apply individualized indicators, offering higher speeds of execution and more accurate price dynamics analysis. MetaTrader is an extremely popular platform, and MetaTrader5 is the most modern version available.
Unfortunately, NordFX has not developed their own mobile app for account administration etc. This means that if you are looking to manage funds / funding and other admin you will need to use the mobile browser. With the NordFX multiterminal, you also have a manual or automatic distribution of the required trade volume nord fx review for each account. As most will probably tell, the MT5 is the upgraded platform that is offered by MetaQuotes. For example, if you are going to be withdrawing via credit card you will have to pay the 4% (on top of the 1-4% for funding). We were also quite surprised to see that they are charging 1% on Skrill as well.
In addition to the standard spreads / commissions, you will also be charged a “swap fee”. This is standard in the Forex industry and is a measure of the difference between the two different interest rates on the currencies. You can also trade Equity index CFDs at NordFX with contracts on indices such as the Nasdaq, Dow Jones, Nikkei etc. Therefore, you wont be able to trade your favorite companies individually here. This is actually on the light side and we would have liked to see more selection of commodities to trade. Given that NordFX has a CySec licence, it means that they are authorised to take clients from a number of different countries in Europe.
