General Information & Regulation
NordFX EU (NFX CAPITAL CY LTD) is an online broker, which is headquartered in Limassol, Cyprus, founded in 2008. NordFX EU is regulated by CySEC under license number 209/13 to provide investment and ancillary services. NordFX operate globally, with support centres in Russia, China, Thailand, India and Sri Lanka.
Market Instruments
NordFX EU has an array of financial instruments, asset types and markets available for its users to trade. These include 33 currency pairs, 11 cryptocurrency pairs, gold, silver, and a variety of commodities Unlike many other brokers, NordFX EU also offers managed investment services.
Minimum Deposit
There are four account options on offer in total: Bronze (with a minimum deposit of 250 Pounds), Silver ( with a minimum deposit of 2500 Pounds), Gold ( with a minimum deposit of 10000 Pounds), and Premium account (with a minimum deposit of 250000Pounds). Objectively speaking, the initial minimum requirement for opening an account set by the broker is a little bit high.
Leverage
NordFX isnt regulated by the FCA or the within ESMA, like many other popular brokers. Therefore, the amount of leverage offered is extremely high – although it varies according to asset class, rates of up to 1:1000 are offered.
Spreads & Commissions
When it comes to spreads on this platform, things seem worse. The broker applies variable raw spread, with spread on EURUSD as high as 4 pips as shown on its website. Wide spreads means higher transaction fees.
Trading Platform
NordFX EU is an excellent “one size fits all” trading platform – it uses the popular MetaTrader 4 platform, as do many other online brokers. Its intuitive to navigate and easy enough for those new to trading to learn how to use quickly. The options of either managed funds or automated investments are clearly accessible and require extremely little customisation to deploy.
Deposit & Withdrawal
Traders are allowed to fund their NordFX EU account through VISA, Mastercard, Neteller, Skrill and UnionPay, AstroBank, Cardpay.
Trading Hours
The platform is available to use 24/7, although markets for different asset classes are open at a variety of times, so this will impact trading of certain instruments.
Customer Support
The NordFX customer support team are with 5 specific centres employing dozens of staff to help with inquiries. Traders can choose to contact NordFX through a web chat, via various social channels or over the phone.
Accepetd Regions
NordFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.Traders can not use NordFX from United States.
