Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
NordFX Pros & Cons
- you can trade on Forex not only with currency pairs, but also with cryptocurrency, gold and silver, major stock indices (including Dow Jones, Nasdaq, Nikkei), as well as oil, stocks, etc.;
- the leverage is up to 1:1,000.
- desktop and mobile versions of MetaTrader 4 and MetaTrader 5 platforms;
- deposit from $10;
- spreads from 0 pips;
- flash order execution that takes 0.5 seconds;
- deposits in US dollars, bitcoins, ethereums;
- PAMM service;
- copy trading;
- investments in shares of world leaders: Apple, Ferrari, and Boeing, Coca-Cola, Visa, Google, Microsoft, Alibaba, etc.;
- comprehensive theoretical underpinning: analytics, news, education portal containing hundreds of materials (text, graphics, video);
- multilevel affiliate IB program with the ability to earn up to 65% commission.
- technical support service works only 5 days a week.
NordFX is an international company founded in 2008. Over the years, the broker has been awarded over 50 prestigious awards and various prizes. You can find below a shortlist of the company's achievements over the past decade. In 2020, NordFX received the “Best Platform for Central Asset Accounts” award. Earlier in the year, its affiliate program received this award as well as the social trading platform award. According to the Masterforex-V Academy, NordFX became the best world broker in 2019. In 2018, it was declared the Best Broker in Asia. Since 2011, its bonus programs, promotions, and partner programs have regularly been recognized as the best in Asia. The high quality of service was noted and NordFX was recognized as the “Best Forex broker in China” for the quality of its dealing. NordFX operates in nearly 190 countries and has over 1,700 million trading accounts. The company offers services for active and passive trading on the Forex market. It operates under the jurisdiction of the British Virgin Islands.
TU Expert Verdict
NordFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
NordFX User Reviews
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5-star
45%
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4-star
15%
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3-star
18%
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2-star
17%
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1-star
4%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of NordFX have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of NordFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, NordFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
NordFX Standard spreads NordFX OANDA FOREX.com EUR/USD min, pips 0.9 0.1 0.7 EUR/USD max, pips 1.2 0.5 1.2 GPB/USD min, pips 1.3 0.1 0.9 GPB/USD max, pips 1.9 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
NordFX RAW/ECN spreads NordFX OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with NordFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
NordFX Non-Trading Fees NordFX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-1.99 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-5 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is NordFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.9 /10NordFX has a safety score of 4.9/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 18 years
- Not tier-1 regulated
NordFX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 NordFX Security Factors Foundation date 2008 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.5 /10NordFX offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Standard account with balanced trading conditions
- Tight spread ECN account
- No Cent account
- Micro lots are not available
NordFX account types vs top competitors NordFX Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free YesNoYesVIP NoNoNoManaged NoNoNoNordFX accounts trading conditions
NordFX offers 5 types of accounts: for novice traders, for professional traders, and the widest range of participants in the Forex financial market. Accounts differ in starting capital, spread size, and commission.
Types of accounts:
Account Type Description MT4 Pro is the choice for novice traders. It's focused more on people who are just trying their hand. The minimum deposit starts from $10, and the spread starts from 10 pips. You can trade on the MT4 Pro account with Crypto, Metals, FX Currencies, Energies, Indices & Stocks; MT5 Pro is perfect for experienced traders. This account has a minimum deposit of $50 and a dynamic spread from 10 pips; MT4 Zero is an account that provides access to interbank liquidity. It is chosen by a wide range of traders. The minimum deposit is $100; MT5 Zero the minimum deposit is $200, spread from 0,0 pips, maximum leverage up to 1:1000, trading instruments: Crypto, Metals, FX Currencies, Energies, Indices & Stocks. Access to interbank liquidity (ECN). Demo account is an option for people who want to try out the offerings of the broker, the functionality of the platform, and the practical application of the knowledge gained during training before opening a real account. NordFX is a broker with an innovative philosophy, where both a novice trader and a professional trader get favorable conditions to implement their strategies.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10NordFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
NordFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- USDT (Tether) supported
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
What are NordFX deposit and withdrawal options?
NordFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
NordFX Deposit and Withdrawal Methods vs Competitors NordFX Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC YesNoYesWhat are NordFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. NordFX supports the following base account currencies: USD.
What are NordFX's minimum deposit and withdrawal amounts?
The minimum deposit on NordFX is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact NordFX’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10NordFX offers a limited selection of trading assets compared to the market average. The platform supports 80 assets in total, including 33 Forex pairs.
- Crypto trading
- Copy trading platform
- Indices trading
- Small selection of currency pairs
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by NordFX with its competitors, making it easier for you to find the perfect fit.
NordFX Plus500 OANDA Currency pairs 33 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 80 2800 129 Stocks YesYesYesCommodity futures NoYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products NordFX offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at NordFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with NordFX in 5 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at NordFX is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
NordFX account opening NordFX Plus500 OANDA Online Registration YesYesYesMinimum deposit $10 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 5 10 KYC time (days) 1 3 3 Is NordFX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Register on the Traders Union website to work with NordFX and at the same time save money on commissions.
Follow the affiliate link to the NordFX broker website. Click the "Open Account" button on the main page.
Go through the verification, indicating the phone number, mail, surname and first name, and account type.
You will receive a confirmation number; enter it and complete the registration.
The following options are available in the Personal Account:
- Information on financial transactions..
- Personal settings..
- Help and support..
There are also many other useful functions and features: In your personal account you can:
- find out information on funds: on replenishing the balance of a trading account, on the history of replenishments, on lost transfers;
- fill out an application for withdrawing funds from the account;
- read the platform documentation.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria4.5 /10NordFX received a score of 4.5/10, indicating a limited selection of trading platforms and tools. This reflects the absence of advanced platform options or a lack of additional features that could enhance the overall trading experience.
- MetaTrader is available
- Free VPS for uninterrupted trading
- EAs not allowed
- No access to a proprietary platform
Supported trading platforms
NordFX supports the following trading platforms: MT4. This selection covers the basic needs of most retail traders. We also compared NordFX’s platform availability with that of top competitors to assess its relative market position.
NordFX Plus500 OANDA MT4 YesNoYesMT5 NoNoYescTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey NordFX’s trading platform features
We also evaluated whether NordFX offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) NoOne-click trading NoScalping YesSupported indicators 80 Tradable assets 80 Additional trading tools
NordFX offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
NordFX trading tools vs competitors NordFX Plus500 OANDA Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoNoAPI NoNoYesFree VPS YesNoYesStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoYesAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoYes -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria2 /10NordFX supports mobile trading, offering dedicated apps for both iOS and Android. NordFX received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- Android and iOS apps
- Mobile alerts not supported
We compared NordFX with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
NordFX Plus500 OANDA Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 0,00 10,000,000 1,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.7 4.8 Google Play score 0 4.4 3.4 Mob. 2FA NoYesYesMob. Indicators NoYesYesMob. Alerts NoYesYes -
Customer Support
Score:We evaluated Customer Support at NordFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria7.6 /10NordFX provides generally reliable customer support with access through several contact options. Response times are acceptable, although occasional delays may occur.
In TU testing, support answered within a reasonable timeframe, and communication was mostly clear. While the overall service is stable, there is room for improvement in speed or consistency.
InformationThe broker's support service provides services around the clock.
- Free calls
- Multilingual support
- Does not work on the weekend
To contact support:
- make a free call to the numbers listed on the site;
- write an email.
- fill in the contact form;
Support is available on the broker's website and in a personal account.
Contacts Foundation date 2008 Registration address Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia Regulation FSA Seychelles, FSC Mauritius Licence number:
SD065, GB24204016Official site nordfx.com Contacts support@nordfx.com +86 108 4053677, +91 120 4533777
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FAQs
How do reviews describe NordFX regulation and overall safety?
NordFX has a safety score of 4.9/10, which corresponds to a low security level in this review’s methodology. It is regulated by the FSC in Mauritius and the FSA in Seychelles (both Tier-3 regulators), offers negative balance protection and KYC verification, but is not Tier-1 regulated and has no specified investor compensation fund, which the review notes may indicate higher risk compared with brokers under Tier-1 oversight.
What do reviews say about NordFX trading commissions and other fees?
According to the review, NordFX’s overall fee level is assessed as medium, with a fees score of 5/10. It highlights relatively tight EUR/USD spreads on Standard accounts and a $3-per-lot commission on ECN/RAW accounts, but also notes above-average Forex trading fees and the presence of deposit and withdrawal charges, even though there is no inactivity fee.
How are NordFX account types and trading conditions characterized in expert comments?
The review states that NordFX offers Demo, Standard, ECN/Raw spread, and Swap Free accounts, but does not provide Cent or Micro accounts. It describes MT4 Pro as aimed at novice traders with a $10 minimum deposit, MT5 Pro for more experienced traders with a $50 minimum, and MT4/MT5 Zero accounts with higher minimum deposits and access to interbank liquidity, while noting that specific trading conditions differ by starting capital, spreads, and commissions.
What do reviews say about NordFX deposit and withdrawal methods and costs?
The review notes that NordFX supports a basic range of funding methods, including bank cards, bank wire, Skrill, Neteller, BTC, and USDT, and rates its overall deposit and withdrawal processes as medium in efficiency and convenience. It specifies that deposit fees range from 0–1.99%, withdrawal fees from 0–5%, and that both the minimum deposit and minimum withdrawal are $10, though exact conditions may vary by account type and payment method.
How do reviews assess NordFX trading platforms and available tools?
The review gives NordFX a 4.5/10 score for platforms and tools, noting that it supports only MT4 and does not offer MT5, cTrader, TradingView, or a proprietary platform. It mentions that NordFX provides free VPS, 2FA, alerts, and around 80 indicators and tradable assets, but does not support trading bots (EAs), one-click trading, or API access, which contributes to the perception of a limited toolset.
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