Is NordFX a scam or a 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 while might operate its services from an absolutely different location.
|🗺️ Registered in||Vanuatu|
|🗺️ Type of License||Offshore License|
|🛡️ Is NordFX safe to trade||No|
|🗺️ Recommended Licenses||FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺|
|🖥 Alternative Broker||FP Markets - licensed by ASIC in Australia|
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 of 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 those 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. Check the list of the FCA-regulated brokers here.
We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and FBS Broker.
Yet, it is always great to hear your personal opinion about NordFX. So you may share your experience or thoughts or discuss them below or ask us for additional information.
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