NordFX Review 2021

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NordFX Facts & Figures

NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.

Current Promotions

NordFX To Give Away 100,000 USD In Super Lottery

InstrumentsForex, Crypto
Demo AccountYes
Min. Deposit$10
Payment MethodsCashu, Dragonpay, Perfect Money, QIWI, Yandex Money
Min. Trade$1
Regulated ByVFSC
MetaTrader 4Yes
MetaTrader 5No
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsiOS and Android
Margin TradingNo
Auto TradingAutomated trading capabilities via MT4 trading platform
Social TradingNo
Copy TradingYes
Trade SignalsYes (via MetaQuotes Software Corp - MT4)
Islamic AccountYes

Trade 33 Forex pairs with spreads from 0.0 with the 'Zero' account. Prices quoted to 5 decimals places, and leverage up to 1:1000

GBPUSD SpreadFrom 0.0
EURUSD SpreadFrom 0.0
EURGBP SpreadFrom 0.0

With the cryptocurrency pairs available on all accounts, NordFX traders can trade with spreads of just 1 pip. Trade 11 Crypto pairs with low commission.

SpreadFrom 1 pip
Risk Warning – Your capital is at risk

NordFX is a global forex trading firm regulated in Vanuatu. Offering a range of accounts to suit different trader needs, low minimum deposits, a demo account and MT4 integration, the firm will appeal to many traders. The Metatrader platforms also deliver automated trading and trading signals. Read our detailed review to find out more.

100,000 USD Super Lottery

NordFX is running a mega lottery draw with $100,000 up for grabs split across 70 prizes of $500, 20 prizes of $1,000, 10 prizes of $2,500, and 1 super prize of $20,000. To take part, existing Pro account holders simply need to carry on depositing funds and trading. New users will need to open an account, deposit at least $200 and trade 2 lots on forex and gold or 4 lots on silver. Virtual lottery tickets are automatically awarded when trading volumes are met and cash prizes can be withdrawn.

The lucky winners will be announced across 3 draws scheduled for July 1st, October 1st, 2021, and January 3rd, 2022, with the $20,000 prize awarded in the final draw. Sign-up today for your chance to win big.

Trading Platform

NordFX is an excellent ‘one size fits all’ trading platform – it uses the popular MetaTrader 4 platform, as do many other online brokers. It’s intuitive to navigate and simple 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.

The easy to use interface doesn’t limit more experienced traders, however: there are enhanced levels of functionality to dig down into and a wide range of data and charts available for analysis if users feel they want to have more direct control and insight over their investment decisions.

Copy Trading

NordFX also offers a copy trading signals service. Experienced traders with profitable accounts can sell their trading tips to subscribers using the NordFX Pro account. The experts set their own subscription price and all the revenue adds to their bottom line, increasing profit margins for those who are willing to put in the time for research. Plus, there are no restrictions on strategies, both scalping and EAs are permitted.

For traders who are looking to save time and effort on their research, there’s the opportunity to purchase signals. Select from the top signal providers by reviewing their profitability over the last month, day, or all-time. The price is paid purely on the profits of a trade, starting from 10%. So, if the trade is not successful, you pay nothing for the signal. Execution is automatic, meaning that even while you’re not logged in to the MT4 platform, you’ll be placing trades. However, note that while this can result in passive profits, it means that your capital is at risk even while you’re not at the trading desk. The great news is, you can stop copying at any time.

Assets / Markets

NordFX has a wide 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 also offers managed investment services.

Spreads & Commission

The spreads offered on NordFX are extremely tight (particularly compared with many of their competitors) 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 extremely large trading volume.

A bonus of using this platform is that NordFX do not charge commission on the vast majority of trades. However, an issue to remain aware of is that fees are charged when funds are withdrawn – the specific amount depends on the withdrawal method (E.G. online payment systems, digital wallets or bank transfer).

NordFX Platform login sign up


NordFX isn’t 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.

Though many experienced traders will welcome this high leverage limit, for new investors it is important they limit their downside. A common reason many new traders lose money is an overextending of their position. With such high leverage, this is incredibly easy to do.

Mobile Apps

NordFX use the MetaTrader 4 platform, which is widely employed in the industry. This is a comprehensive, cross-purpose and multifunctional tool which requires specific software to be downloaded. Therefore, users must have PCs with sufficient memory to use it. For mobile users, there is an app version available called MT4. These are available to download on both iOS and Android, although functionality is somewhat reduced compared to the desktop version.

Clients can also download the broker’s bespoke mobile trading software. Available as a free download from respective app stores, it offers complete account management, instant executions and a selection of order types. Mobile traders can still conduct technical analysis and set up price alerts. The app is an excellent trading solution for those looking to stay tuned into the financial markets while on the go.

Payment Methods

Various payment options are available at NordFX. Users on the platform are able to wire funds directly into their accounts, use credit or debit cards, or various other online payment methods. The same payment methods are available for withdrawal, and depending which you choose impacts how long it will take before the money is available in your bank account – their website states anywhere between 1 and 6 business days.

Money laundering regulation usually dictates that withdrawals must be made back to the same funding source used for the deposit.

Demo Account

Before committing to opening a live trading account, users can create a demo account with $10,000 worth of ‘demo’ currency to get used to the interface, explore the platform and get a taste of which markets they’re interested in. Setup is a simple process, taking less than a minute.

Offers And Promotions

NordFX have a variety of offers for users, with reports written by an in-house analyst summarising the critical events across different financial markets. Customers also have the option of guaranteed stop-losses, limit orders and to a large degree can opt for automated trading.


NordFX are currently running a ‘refer a friend’ promotion deal. So where users refer a friend and they go on to make a deposit, the referrer receives 10% of that deposit as a cash bonus.

Regulation And Licensing

NordFX is licensed by the Vanuatu Financial Services Commission. Regulations are relatively loose compared to a more rigorous governing body like the FCA. However, that doesn’t mean NordFX is an unsafe or unreliable platform – orders can be executed in under half a second with full security.

Company Details

NordFX is an online brokerage founded in 2008 with a proven track record of providing excellent, speedy services to its clients and over 10 years of trading experience. Over 1.2 million accounts across 100 countries have been opened on the site since then.

They aim to enable their clients to trade cryptocurrencies, Forex pairs, indices or stocks and, unlike many competitors, also offer the option of managed investment services. NordFX operates globally, with support centres in Russia, China, Thailand, India and Sri Lanka. They are regulated by the Vanuatu Financial Services Commission.

Additional Features

NordFX offers a variety of additional features to entice potential users. These include a comprehensive ‘Education’ section of their website, with a Learning Centre and Glossary so investors can start to flesh out their knowledge of how financial markets work and make better trading decisions.

They also provide an economic calendar, specially built calculators and various other tools for in-depth analysis. One excellent feature is the weekly analysis of various financial markets conducted by an experienced in-house analyst.

NordFX Features

Account Types

NordFX offer three account types catering to different markets, ranging from beginners to professional investors. Investors have a choice between setting up a Fixed Account, Pro Account, or Zero Account. Although leverage remains constant at 1:1000, initial deposits vary as do spreads, with pips ranging from 0.9 to 2.

Some accounts (such as the Zero Account) offer commission-free trading, whereas others may charge slightly higher fees and market execution rates.

The broker also offers a savings account based on DeFi technology. The investing solution can be used to generate passive income up to 30% per annum. As part of account conditions, clients can take a trading loan with a 3% interest rate that’s deducted from investment income. The account can be funded using the world’s top stablecoin – Tether.


NordFX has an extensive record of delivering optimal trading performance for its users, dating back 10 years. The platform is solid, highly usable, easy to pick up yet complex enough for experienced traders. There are a solid range of additional features and competitive spreads and leverage. Plus, the copy trading functionality allows both experts and beginners to profit from one another through signals sharing.

All in all, NordFX is a good choice for either new or experienced investors, offering easy access to a wide range of financial instruments. The inclusion of managed accounts is certainly a differentiating factor.


Metatrader 4 integration is a significant step for NordFX, and illustrates their approach to professional trading. Implementing the ‘de facto’ pro trader tool set sets the brand apart from other competitors of similar standing, and moves the firm up the pecking order of online brokers. It should be seen as a significant benefit.


Some investors may prefer to use online brokers regulated by slightly more rigorous financial conduct authorities, with stricter adherence to international leverage limits and greater levels of consumer protection. Also, installing software may turn some potential users off, particularly with such a wide range of in-browser online brokerage platforms available. Finally, high leverage rates could mean NordFX is ultimately too risky for many potential investors.

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.

Contact Details / Customer Support

NordFX has a highly responsive, knowledgeable customer support team, with 5 specific centres employing dozens of staff to help with inquiries. Users can choose to contact NordFX through a webchat, via various social channels or over the phone.

Safety And Security

From an operational angle, NordFX is an extremely reliable, safe broker, with trades being executed in under half a second. The MetaTrader interface means users can trade on the go, and the servers seem to be robust and efficient, providing excellent service – even to professional, frequent traders.

NordFX has deployed stringent internal regulations to keep investor’s money safe, although there is somewhat of a lack of depth in the information on this topic available on their website.


In summary, NordFX is a great choice for potential investors looking into online brokering platforms. They have a proven track record, offer the chance to trade on a broad array of asset types, a fully functional demo account and extensive customer support. The extra features (such as in-depth market analysis and investor education) mean NordFX has several differentiating factors that make it stand out in the marketplace. Commission rates appear to be competitive too.

However, it’s not for everyone: some investors will be looking for a more polished user interface, additional features like investment advisors, or would prefer to use a broker regulated by stricter financial authorities.

Accepted Countries

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.

Alternatives to NordFX

If you are looking for alternatives to NordFX we have compiled a list of the top 5 brokers that are similar to NordFX below. This list of brokers like NordFX is in order of similarity and only includes companies that accept traders from your location.

  1. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. Rockfort Markets – Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
  3. ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
  4. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  5. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.

NordFX vs Other Brokers

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