Is NordFX Scam or Legit Broker?

NordFX is not a secure broker because it is registered offshore and does not hold a proper Forex broker license. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

About NordFX
🗺️ Registered inVanuatu
🗺️ Type of LicenseOffshore License
🛡️ Is NordFX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is NordFX?

NordFX is a Forex broker, the nordfx.com website is operated by Nfx Capital Vanuatu Inc., a company registered offshore, in Vanuatu.

The website supports a lot of languages from Asian countries (Vietnamese, Chinese, Malay, Indonesian, and Thai). They also provide contact phone numbers in China, India, Sri Lanka, and Thailand, which means the broker is targeting people from the mentioned regions.

  • It is always better and safer to trade with a reliable broker licensed by Australia’s ASIC (Check out ASIC Forex Brokers), Cyprus’ CySEC, or UK’s FCA. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. 

Overall NordFX Ranking 

Our research results revealed multiple issues connected with the regulations and safety of NordFX, so we do not rank positively NordFX, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • NordFX Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingNordFXGo MarketsAvaTrade
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading InstrumentsTrading Platforms

NordFX Alternative Brokers

Due to our negative finds on NordFX here we offer much better Alternatives to NordFX with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

 

NordFX Deposits and Withdrawals

The broker offers various deposit and withdrawal options, including Bank Transfers, Credit/Debit Card,s and e-wallets such as Skrill, Neteller, and Webmoney. The broker claims that its e-wallet deposits and withdrawals are instant, whereas bank transfers can take 3-5 working days. However, due to its unregulated nature, there are no strict guarantees on payment procedures. 

NordFX Account Types

NordFX has a wide range of account options. It enables the traders to choose the most suitable and favorable option, based on their trading expectations. The main types of accounts offered by the broker include Fix, Pro, Zero, and Savings accounts.

  • The minimum deposit for Fix accounts is $10, spreads start from 2 pips, and the available leverage is 1:1000. 

 

NordFX Review Conclusion

We advise all investors and traders to avoid NordFX due to its regulatory issues. We strongly advise opening a trading account only with brokers that are regulated by respected world authorities with the required set of rules and a good reputation through the delivered timeframe of operations. Sign in with well-regulated brokers such as BlackBull Markets and FBS Broker.

  • Overall ranking and experience for NordFX is Negative

No news available.

5 responses to “NordFX”

  1. I am a Sri Lankan Trading with NordFx since its years of Foundation that is since 2008.In those years even NordFx was not supporting in Sri Lankan Native Language called Sinhala or Sinhalese. But now their service has become far better. I am listing below few great advantages a Sri Lankan Trader can avail while working with NordFX.

    Local Fund Deposit is Accepted Now in LKR in Sri Lankan Bank Account if
    you are not able Make Deposit through Sri Lankan Bank Visa & Master Cards. This Deposit method is commission free and even cheaper than if you buy Neteller Skrill from Local Agents in Sri Lanka.

    Fund Withdrawal is also Accepted in LKR through Local Sri Lankan Bank

    Spread Reduced in Pro and Zero Accounts

    PAMM Account Type is Available now for Professional Fund Managers.

    Trading in Indices Available

    Weekly Forex Market Review Available in Sri Lankan Language by our Renowned Forex Market Expert Mr. Roman Butko.

    Invest in Shares of Global Brands in case if you are not interested in full Time Forex Trading.

  2. I probably would say that NordFx is the best online trading company in Srilanka. NordFx was the first broker which taught Srilankans how to trade in FX market in early 2011. With times NordFx has improved its services. Now avail Local Bank Deposit at Central Bank Rate without any commission. So for all this reason I am continuing with NordFx.

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