NordFX Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of NordFX trading signals. You will learn what kinds of trading signals NordFX offers and what the conditions for using them are.
Short introduction of NordFX
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 1.25 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.
| 💰 Account currency: | USD, BTC, ETH |
| 🚀 Minimum deposit: | Fix — $10, Pro — $100, Zero — $500, Savings - $500 |
| ⚖️ Leverage: | 1:1000 |
| 💱 Spread: | From 0.9 pips (floating), from 2 pips (fixed) |
| 🔧 Instruments: | Currency pairs, cryptocurrency (11 pairs), 6 CFDs on indices, oil, gold, silver |
| 💹 Margin Call / Stop Out: | Fix - 40%/20%, Pro - 40%/20%, Zero - 60%/40% |
NordFX Pros and Cons
👍 Advantages of trading with NordFX:
•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.
👎 Disadvantages of NordFX:
•technical support service works only 5 days a week.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
NordFX Trading Signals
NordFXtrading conditions were reviewed by Traders Union analysts for the presence of explicit and hidden commissions. There is no commission for replenishment; commission for withdrawal depends on the type of account and in some cases, it is also absent.
| Account type | Spread (minimum value) | Withdrawal commission |
| Fix | From 2 pips | No |
| Pro | From 0.9 pips | No |
| Zero | From 0 pips | 0.0035% for the transaction (in each direction) |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that NordFX does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.