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Is NordFX Regulated in Philippines? Is NordFX Legit?

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Is NordFX Regulated in Philippines? Is it Legit? - TU Expert review

Updated: February 10, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Dr. BJ Johnson

Editor

Official NordFX
website

Your capital is at risk.

Full NordFX
overview

Is NordFX regulated in Philippines? Broker’s license

Security (Protection for Investors)

Information

NordFX registered on Saint Lucia with Registration Number 2023-00470.

👍 Advantages

Confident trading due to the stable operation of servers, platforms
Advanced customer reporting
Ability to track traffic and commission statistics

👎 Disadvantages

The regulator does not consider the claims of traders with minor amounts

Is NordFX regulated in Philippines? Broker’s license

At the moment, NordFX is not regulated in any country.

Traders Union experts strongly recommend prioritizing regulated Forex brokers. Regulation ensures that brokers adhere to strict compliance standards, providing traders with greater financial security, transparency, and protection against fraud. A regulated broker is also more likely to resolve disputes fairly and safeguard client funds.

To help you make a safer choice, we have compiled a list of the top 3 alternative brokers with high ratings according to our methodology:

	Plus500	Pepperstone	OANDA
TU overall score	6.83	7.17	6.8
Regulation	FCA, CySEC, MAS, ASIC, FMA, FSA (Seychelles)	ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec	FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA
Tier-1 regulation	Yes	Yes	Yes
Investor protection	€20,000 £85,000 SGD 75,000	£85,000 €20,000 €100,000 (DE)	£85,000 SGD 75,000 $500,000
ECN Spread EUR/USD		0,1	0,15

Short summary about the broker 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 1,700 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.

💰 Account currency:	USD
🚀 Minimum deposit:	MT4 Pro $10, MT4 Zero $100, MT5 Pro $50, MT5 Zero $200
⚖️ Leverage:	1:1000
💱 Spread:	0.0 pips
🔧 Instruments:	33 currency pairs, 6 cryptocurrency pairs, 10 CFD on indexes, 23 CFD on stocks, gold, silver, oil, gas.
💹 Margin Call / Stop Out:	MT4 Pro, MT5 Pro - 40%/20%, MT4 Zero, MT5 Zero - 60%/40%

Pros and cons of NordFX

👍 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.

Why is it important for a broker to have the license in Philippines?

A financial license is the key document for any broker. It confirms that the company complies with the requirements of the financial regulator and observes the law. It is important for traders to choose a broker registered their jurisdiction for the following reasons:

Any claim is filed at the place of the broker’s registration. Accordingly, in case any dispute arises, it will be easier for the trader to file a claim.
A license issued in Philippines guarantees that the broker operates in compliance with the laws of this country and reports to the local regulatory authorities.
Traders can claim compensation under the government programs of deposit guarantees in case the broker experiences financial problems.

It is also possible to choose a broker that is not regulated in Philippines. In that case, however, the company must have a license from a reliable regulator, for example of an EU country, the UK, USA, Australia, etc.

Brokers that are similar to NordFX

In addition to NordFX, also other brokers from this jurisdiction have the license of Philippines. NordFX has many competitors, and before you start working with this broker, you need to compare it to other companies. TU analysts have prepared a comparison of brokers that operate in the Philippines market and have a license of this or another reliable jurisdiction.

Comparison of NordFX with other Brokers

	NordFX	Eightcap	XM Group	RoboForex	Bybit	Octa
Trading platform	MT4, MT5, MobileTrading, Zulu Trader, Integral	MT4, MT5, TradingView	MT4, MT5, MobileTrading, XM App	MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader	MetaTrader5	MetaTrader4, MetaTrader5, OctaTrader
Min deposit	$10	$100	$5	$10	No	$25
Leverage	From 1:200 to 1:1000	From 1:30 to 1:500	From 1:1 to 1:30	From 1:1 to 1:2000	From 1:1 to 1:500	From 1:40 to 1:1000
Trust management	No	No	No	No	No	No
Accrual of % on the balance	No	No	No	10.00%%	No	No
Spread	From 0 points	From 0 points	From 0.8 points	From 0 points	From 0 points	From 0.6 points
Level of margin call / stop out	No	No	No	No	No	No
Execution of orders	Instant Execution	Market Execution	Market Execution	Market Execution, Instant Execution	Market Execution	Market Execution
No deposit bonus	$8	No	No	No	No	No
Cent accounts	No	No	No	Yes	No	No

Is it safe to trade with NordFX in Philippines?

NordFX is not regulated in Philippines. The company does not hold a financial license, which could raise certain security-related questions. Nevertheless, the company has a good reputation and has proven its reliability to traders. NordFX offers attractive conditions; many traders in Philippines have chosen to work with this broker. However, be aware of the risks when working with such companies.

Igor Krasulya

Author at Traders Union

FAQ

How do I check a broker’s license?

Brokers should provide their license on their official website. It is also recommended to check it on the official website of the financial regulatory authority.

Does a broker need to have an official representative office in Philippines?

Yes. According to the rules of Philippines, brokers must have an office in Philippines. This is a mandatory condition for obtaining the license.

Can the license issued by Philippines be considered reliable protection against fraud?

Yes. The rules of the financial regulator of Philippines are very strict, which makes obtaining a license in this jurisdiction extremely difficult for scammers.

What kind of information should a broker provide for traders?

On their official websites, brokers must provide the name of the managing company, r egistration certificate, legal address and internal regulatory documents.