Adam Rosen - Lead financial writer
When trading live markets with NordFX you will want to make sure any money you deposit with NordFX is safe. And that any positive balance that you gain from succesful trades on NordFX you are easily able to withdraw to your selected withdrawal methods. Its important to only fund well regulated trading platforms as you have some recourse if NordFX goes under. When analysing if NordFX are a safe trading platform to trade with you need to asses the availability of NordFX in your country, the reliability of the NordFX trading platform, what financial instruments you are able to trade on NordFX. What funding and margin amounts are required to trade on NordFX, NordFX commissions and fees charged for place buy and sell orders. What the NordFX reconciliation process is, what reporting demands NordFX has to financial regulators and goverment and the level of NordFX customer support on offer in your region.
NordFX is a broker that offers trading in Forex, Majors, Metals. NordFX is not as safe as some more well regulated brokers. The NordFX platform is intuitive and user-friendly, and it comes with an excellent NordFX trading app for mobile devices. Investing opportunities are available through over 50 NordFX financial instruments. So NordFX will have something useful for most traders.
NordFX is known to have a stable trading platform as well as its prompt and expert customer service. The features NordFX offers, make it possible for traders to recognise opportunities, react to them, and quickly carry out buy and sell orders on live financial markets using NordFX tools.
NordFX is well regulated, always be wary of trading platforms like NordFX that seem too good to be true and if you are new to NordFX, always try a demo account first.
NordFX Desktop based trading platforms offer a more secure experience than their NordFX mobile app counterparts. NordFX trading applications must follow some fundamental guidelines, when giving traders access to live high risk financial markets. If a trading platform is offered as both a mobile app and a desktop application like NordFX, the NordFX desktop software is going to be a more secure option than the NordFX mobile software if you are serious about trading.
NordFX is not as safe as some more well regulated brokers in terms of their trading app. The NordFX application can be downloaded from the mobile app stores for both Apple's iOS and Google's Android operating systems, as well as from third-party websites. Only download NordFX from an approved verified source.
Do not confuse a basic looking NordFX trading app on your smartphone with a robust full NordFX trading platform that offers live expert customer support. Some mobile trading apps will have fewer bells and whistles than then a full fledged NordFX desktop trading platform on multiple screens. When there is significant volatility in the markets, a genuine trading platform like NordFX must not only remain stable but also operate without interruption thanks to its robust network and well-programmed live market infrastructure.
Because NordFX is a proper trading platform, NordFX can seem overly complicated to new NordFX traders. NordFX is an excellent option for individuals who are just beginning their trading careers, to experienced NordFX traders alike. NordFX does an excellent job of striking a balance between the various helpful tools and features it includes in its user-friendly NordFX web platform and NordFX mobile trading app.
There are many online trading sites that provide real-time quotes and information on trades like NordFX. For some NordFX investors, the convenience of dealing with everything in one place improves a traders workflow when using NordFX. Customers of brokers such as NordFX are given access to live data streams relating to the stock markets, Forex markets, commodities markets, crypto markets and ETF markets on NordFX.
The funds belonging to NordFX customers are stored safely in tier 1 banks, and an SSL encryption system is used to protect any personal information that may be transmitted to and from NordFX. NordFX is subject to regulation by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, which govern how NordFX as a company conducts its business. Please note that specific regulators only monitor specific NordFX company entities. You need to be sure of which financial regulator your NordFX account falls under, before trading on NordFX.
When checking the safety of NordFX. Be wary of websites that provide a limited number of customer support options. Live chat, email, and phone support are all available from NordFX. If the NordFX trading platform. If you ever have any issues with funding your NordFX account, withdrawaling from your NordFX account or accessing the NordFX trading platform you will need NordFX customer support to resolve your issue quickly.
The process of withdrawing money from NordFX accounts is straightforward. Up to the value of the current NordFX balance in your NordFX account, less the amount of margin that has been used, may be withdrawn at any time. Your NordFX funds will be refunded to the same account that was used for the NordFX initial deposit, and any NordFX refunds will be processed using the same orginal NordFX deposit method.
In the event that NordFX are unable to fulfil their financial commitments to NordFX registered users, financial regulators should have a fund will be used to compensate qualifying NordFX customers. Any compensation from NordFX financial regulators may only be to a limited amount.
It is possible for the sum of money you have available to you in the NordFX trading platform to go into the negatives. This may happen if all of your NordFX available balance is invested in open positions, NordFX overnight fees are deducted from your NordFX account, or trading losses are incurred when trading with NordFX.
NordFX have integrated real stock trading and ETF into their operational models through the use of CFDs. In recent years, NordFX has implemented a number of useful improvements that have made the platform better suited to the needs of long-term investors. The majority of NordFX users trade in highly volatile, high risk financial instruments that have a high percentage of loss. If you are considering trading CFDS with NordFX, understand that CFD trading is high risk due to the leverage used, and you do not own the underlying CFD asset on NordFX. A CFD trade on NordFX is speculation on price movement between you and NordFX.
NordFX gives users the opportunity to trade and invest in a wide variety of digital currencies. NordFX conducts business in a manner that is compliant with the regulations of Cyprus Securities and Exchange Commission (CySEC), License No: 209/13. The NordFX platform has a good range of cryptocurrency trading options. When trading crypto assets or related crypto financial products on NordFX, you must understand that cryptocurrency prices are highly volatile and your capital is at risk when trading crypto on the NordFX trading platform.
The NordFX trading platform gives users the opportunity to invest in the foreign exchange market using a selection of different currency pairs, which can be examined in more detail on the NordFX website. NordFX offers traders over Forex pairs, including major, minor and exotic currency pairs.
On NordFX, the trading of stocks can be done in one of two distinct ways. You have the option of buying and selling stocks directly (also known as trading real shares) or by using NordFX contracts for difference (CFDs). You are able to trade in either direction with NordFX CFD stocks, and you can also use leverage to magnify the exposure of your NordFX stock trades. Trading CFD stocks on NordFX is high risk and you may lose more than your deposited amount if a NordFX CFD stock trade does not go in your favour.
NordFX makes it simple and easy to trade in commodities such as gold, silver, platinum, copper, nickel, aluminium, and palladium. The NordFX platform is governed by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13.
NordFX ensures the safety of its customers funds by depositing NordFX customer deposits in reputable financial institutions and encrypting all of their NordFX held personal information using SSL technology. Because NordFX complies with the regulations set forth by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 in order to conduct business, there are safeguards in place to protect NordFX investors.
It is possible for the sum of money you have available to you in the NordFX platform to go into the negatives. This might happen if all of your available NordFX funds is invested in open positions, NordFX overnight fees are deducted, or NordFX trading losses are incurred. Both of these things could happen. When it comes to trading CFDs with NordFX, retail investor accounts lose money at a rate of upto 80% on average. Only trade with money that you can afford to lose with NordFX. Losses can exceed deposits
When depositing to NordFX you will need to make sure that any funding method you use is a well regulated safe financial services provider. NordFX offers Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI funding and withdrawal methods. Some NordFX funding and withdrawal methods may not be avalable in your region.
The NordFX trading platform holds funds which may include fiat currency, cryptos and other assets. This can be considered a type of NordFX wallet. NordFX have to offer a secure trading platform as part of their regulation. NordFX has a number of high-level security features that prevent unauthorised access to the user's positive balance holdings. NordFX comes equipped with built-in DDoS protection as well as standardisation protocols for addressing issues related to large-scale NordFX network outages or NordFX cyberattacks.
You have a responsibility to make certain that the NordFX trading platform you use has a high level of security so that your personal information is not put at risk. The use of firewalls at both the NordFX server and NordFX application levels, as well as separate synced NordFX servers for storing data, is a feature that is a must for top-tier trading platforms like NordFX. In addition NordFX offers two factor authenication.
When deciding upon NordFX A reliable NordFX trading platform has a lower risk of experiencing NordFX network issues, data freezing, or NordFX order execution problems, all of which have the potential to affect NordFX trades. It is absolutely necessary to have prompt access to NordFX customer support provided by a real person at NordFX. Some NordFX alternative trading platforms are notorious for providing slow customer after many days of e-mails. You will need to be sure NordFX is there if you have any issues and NordFX is always able to give you the tools you need to action your trading strategy.
Trading forex on NordFX requires you to digest massive swaths of data before you can even think about making a live buy or sell Forex pair order. Using NordFX technical analysis charting tools you should be able to access all of the necessary information in a single NordFX location. Numerous online trading platforms like NordFX give you access to both fundamental and technical information in order to assist you in making more informed Forex trading choices.
NordFX fees may be somewhat more expensive than some NordFX alternative trading platforms, which is one of the drawbacks of using the NordFX platform. You will need to be well aware of any trading fees and commissions which vary depending on the financial instrument you are trading on NordFX.
The Securities and Exchange Commission issues a warning to NordFX investors that it takes time to make legitimate NordFX investment decisions. NordFX investors who aren't used to dealing with markets that move quickly may find themselves swept up in the excitement of trading live financial markets on NordFX. They might end up losing a lot of money on NordFX, before they even realise what has happened to them.
NordFX investors who trade stocks, Forex, crypto, commodities, CFDs and ETFs online should educate themselves about the companies whose shares they are purchasing using NordFX and put safeguards in place to protect the money they have deposited to the NordFX trading platform. One way to exercise control over the items and quantities that you purchase through NordFX is to set a limit order on your NordFX trading account. You are able to set a specific price in NordFX at which an asset will be purchased by using the NordFX order limits trading feature.
You have no emotional of personal connection to NordFX when trading. NordFX traders have to make their own decisions based on their own research and knowledge. NordFX is not able to give you financial advice. It is your responiblity to educate yourself to market trends and risk management strategies when using NordFX to trade. NordFX as a broker will not be able to assist NordFX traders in navigating the complex terrain of the financial markets.
When it comes to making choices regarding the purchase and sale of financial instruments on NordFX, NordFX traders are frequently left to their own devices. This degree of independence can bring about a feeling of self-dependence in some people using the NordFX trading platform.
Should your internet connection be unreliable or unsteady when trading with NordFX, you run the risk of missing out on a deal that could have been significant or lucrative for you.
NordFX investors ought to always have a contingency plan in place when trading live financial market using NordFX, just in case they lose access to the internet. NordFX customers are able to place their orders with NordFX mobile apps. Some NordFX alternatives even offer their clients the option of dealing with live brokers to place their orders.
When placing live trades on NordFX, every trade that is actioned wether its a buy or sell order on NordFX, must be done after careful research and consideration using NordFX research tools and market trend data. For some people, buying and selling financial instruments on global markets with NordFX is very similar to gambling. The NordFX trader will first speculate on what the outcome of something will be, and then place a financial wager on whether or not the speculation will be accurate. Trading live global markets with NordFX must never be done in a gambling fashion. Trading with NordFX holds a high amount of risk and must be taken seriously. Risk management strategies are a must when placing live trades on NordFX.
NordFX Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
🤴 NordFX is Used By: 10,000
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
IC Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🤴 IC Markets is Used By: 180,000
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
Roboforex Financial Regulation: Financial Services Commission (FSC) License 000138/437
🤴 Roboforex is Used By: 10,000
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
AvaTrade Financial Regulation: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
🤴 AvaTrade is Used By: 200,000
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
FP Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
🤴 FP Markets is Used By: 10,000
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
XTB Financial Regulation: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
🤴 XTB is Used By: 250,000
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone Financial Regulation: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
🤴 Pepperstone is Used By: 89,000
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM Financial Regulation: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
🤴 XM is Used By: 10,000,000
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
eToro Financial Regulation: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
🤴 eToro is Used By: 20,000,000
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
FXPrimus Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
🤴 FXPrimus is Used By: 10,000
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
easyMarkets Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
🤴 easyMarkets is Used By: 142,500
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
Trading 212 Financial Regulation: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
🤴 Trading 212 is Used By: 15,000,000
💵 What You Can Trade with Trading 212: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with Trading 212: 10000
📈 Trading 212 Inactivity Fees: No
💰 Trading 212 Withdrawal Fees: No
💰 Trading 212 Payment Methods: Credit cards, MasterCard, VISA, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Dotpay, Carte Bleue, Direct eBanking, Apple Pay, Google Pay, iDeal, Giropay,
💰 Trading 212 Account Base Currencies: USD, GBP, EUR, CHF
Trading 212 Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
If Nordfx isn’t quite what you are looking for you can check out some of the best Nordfx alternatives below.
If you would like to see Nordfx compared against some of the best Nordfx safe alternatives available right now you can do so by clicking on the links below.