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NordFX Broker Review | Best Asian Forex Broker

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Specifications
Broker Name NordFX Broker
Broker Type: ECN/STP
Country of Origin Mauritius
Regulation AuthorityCySEC, FSC, IFSE, SEBI
Founded in2008
Language SupportEnglish, Spanish, Portuguese, Chinese, Russian, Arabic, Farsi, Hindi, Bengali
Account TypesMicro, Account 1:000, MT-ECN, Standard, Standard-MT5, Premium
Platform Language: Multilingual
Minimum SpreadFixed from 2 pips, dynamic spreads from 0 pips
Minimum Deposit5 USD
Description

Voted as the Best Asian Forex Broker for several times, NordFX has won the heart of hundreds of thousands of traders around the globe. New comers in Forex Trading, who would like to get familiar with NordFX Broker, note that NordFX has been in this business since 2008, providing both corporate and individual traders with products and services for online trading in the Forex market. Working with NordFX, you will also get the opportunity to trade on Metals and Binary Options.

About NordFX Broker

NordFX is an international brokerage house, providing a complete set of currency, metals and Binary options trading services to individuals and corporations. Throughout the entire period of its successful operation, NordFX has been providing its clients with brokerage services of the highest level, including sophisticated information technologies, high performing trading platforms and simplified trading conditions.

Best Asian Forex Broker

NordFX Broker Basic Information:

Founded in: 2008
Regulation Authority: CySEC, FSC, IFSE, SEBI
Headquarter: Mauritius
US Clients Accepted: No
Phone Support: +91 120 4533777
Email Support: support@nordfx.com
Website Address: www.nordfx.com

NordFX Broker Overview

NordFX broker is working on the Forex market for almost 8 years and since the beginning they are enjoying great feedbacks from their traders. NordFX is licensed and regulated by the highest category of the Financial Commission of Mauritius (Financial Services Commission of Republic of Mauritius). License number: 082831 C1 / GBL; Category 1 Global Business N C108006311 License.

The Headquarter of NordFX is located in the Republic of Mauritius also has representative office in India. NordFX is a large international company with a strong customer base consisting of traders from around the world. NordFX was voted the best broker in Asia several times and has received other prestigious awards.

In addition, they are currently offering the most popular programs for Online Forex trading – MetaTrader 4, MetaTrader 5 and MetaTrader Mobile. The most effective benefit of NordFX includes- all strategies allowed (Including: scalping, news trading, expert advisors) NordFX provides customers with an affiliate program, access to Forex VPS virtual server that provides smooth and round the clock trading, and automated trading “signals” from MetaQuotes Software Corp.

NordFX Broker Trading Accounts

NordFX Broker offers 6 different types of trading accounts to meet the needs of all types of traders. A trader can always choose the best option for him while opening trading account with NordFX, or sign up for a few, guided by his level of experience, funding capabilities and his own trading strategies. Clients of the company are available to choose from 6 types of accounts with different conditions:

  • Micro Accounts
  • Account 1:1000
  • MT-ECN Account
  • Standard Account
  • Standard-MT5 Account
  • Premium Account

Micro Trading Account

Micro account is specifically designed to prepare beginners to trade with real money.

  • Minimal Deposit: $5
  • Trading instruments: 21 Currency pairs
  • Fixed spreads: from 2 pips
  • Credit leverage: up to 1:500
  • Minimal lot size: 01
  • Maximum open positions: 100
  • Automated trading: Allowed
  • Margin call/Stop out levels: 40%/20%

Account 1:1000

This account is designed for that trader who automated trading is allowed.

  • Minimal Deposit: $5
  • Trading instruments: 20 Currency pairs
  • Fixed spreads: from 3 pips
  • Credit leverage: up to 1:1000
  • Minimal lot size:01
  • Maximum lot size: 20 with a 0.01
  • Maximum open positions: 100
  • Automated trading: Allowed
  • Margin call/Stop out levels: 40%/20%

MT-ECN Account

This account is intended for a broad spectrum of traders who seek to trade with minimal expenses.

  • Minimal deposit: $1,000
  • Trading instruments: 25 currency pairs, gold, silver
  • Floating spreads: from 0 pips
  • Leverage: up to 1:100
  • Minimal lot size:1
  • Quote precision: 5 digits
  • Stop/limit and freezing levels: No
  • Margin call/Stop out levels: 100%/50%*
  • Commission:
    • $5/lot for less than 899 lots/month
    • $3.5/lot for less than 899 lots/month

Standard Trading Account

This account offers experienced traders the best trading conditions and a wide range of trading instruments.

  • Trading instruments: 35 currency pairs, gold, silver
  • Floating spreads: from 1 pip
  • Leverage: up to 1:200
  • Minimal lot size:1
  • Maximum of open positions: Not limited
  • Automated trading: Allowed
  • Margin call/Stop out levels: 40%/20%

Standard-MT5

Traders who like tight floating spreads, quality quotes and fast execution.

  • Trading Instruments: 35 Currency pairs
  • Floating spreads: from 1 pip
  • Leverage: up to 1:200
  • Minimal lot size:1
  • Maximum of open positions: Not limited
  • Automated trading: Allowed
  • Margin call/Stop out levels: 40%/20%

Premium Trading Account

NordFX offers you an opportunity to become a Premium client. Trading account for customers with VIP status, which can be obtained if the deposit amount in excess of 50 000 USD. Premium account holders receive a personalized service, and they are given a debit card free of charge. Special features:

  • Minimal Deposit 50,000
  • Individual customer service
  • A complementary debit card
  • Decreased spreads for currency pairs

For further details about the Premium program, please contact its manager at: premium@nordfx.com

Trading Platform of NordFX Broker

NordFX offers recognized platforms like Metatrader 4 and Metatrader 5. They also provide Metatrader Multi-terminal. They also have Mobile trading platform for Android and iOS, which allow you to monitor its operations from anywhere.

Meta-trader 4 Terminal Features

  • Trading operations on the Forex and precious metals markets;
  • Different timeframes for trading;
  • Instant Execution and Market Execution;
  • Various types of orders, which allows using any trading strategy;
  • Possibility to create and test your own indicators and scripts;
  • Technical analysis with a large number of indicators and other graphical tools;
  • High-grade security of trading transactions;
  • Possibility to have news feeds from leading information agencies.

Meta-trader 5 Terminal Features

  • Trading operations on the Forex market;
  • 5 types of orders and Instant Execution;
  • 21 timeframes for trading with different intervals;
  • 38 built-in indicators, 39 graphical objects and many MQL5 indicators for technical analysis of high accuracy;
  • Use of a large number of trading strategies;
  • Possibility to create and test your own expert advisors;
  • MQL5 development environment: MetaEditor 5, MetaTrader 5 Strategy Tester, MetaQuotes Language 5;
  • Possibility to have news feeds from leading information agencies.

Multi-terminal Features

  • Intended for traders and managers working with several accounts at the same time;
  • User-friendly interface and all main MT4 features;
  • Possibilities to place buy and sell orders and modify them, to close positions fully or partially;
  • Manual or automatic distribution of a required trade volume for each account individually;
  • Advanced Security guarantees safety of data transmission.
  • Android/iPhone Terminal Features

Android/iPhone Terminal Features

  • Complete control over your account;
  • Quotes for financial instruments in real time;
  • Full set of trading orders, including pending orders;
  • Trading directly from the chart;
  • Interactive real-time charts with scaling and scrolling;
  • All types of execution of trading operations are supported;
  • Display of trading levels and volumes on the chart;
  • Complete trading history;
  • 7 timeframes: M1, M5, M15, M30, H1, H4 and D1;
  • 3 types of charts: bars, candlesticks and the broken line;
  • User-friendly interface;
  • Offline mode (quotes, charts, current trading positions and all trading history);
  • Secure data transmission within the network;
  • Minimal data usage.

Binary Option terminal Features

  • Web platform (no download required);
  • User-friendly interface and a wide scope of features;
  • 6 types of options: Binary Options, One Touch,
  • 60 Seconds, Pairs, Long Term, Ladder;
  • Diverse trading assets: currencies, stocks, commodities and indices;
  • Safety and security of trading operations;
  • Reuters news feed, information and education resources.

Trading Conditions of NordFX Broker

Spreads of NordFX Broker varies with account types. It starts from 0 pips with a low commission charge of $3.5 per lot. In case of binary option trading, the returns at NordFX Broker are around 80% on an average.

Trading Condition Micro Standard Standard-MT5 Account 1:1000 MT-ECN
Trading Instruments 21 currency pairs 35 currency pairs, gold, silver 35 currency pairs 20 currency pairs 25 currency pairs, gold, silver
Spreads Fixed from 2 pips Floating from 1 pip Floating from 1 pip Fixed from 3 pips Floating from 0 pips
Quote Precision 4 digits 4 digits 4 digits 4 digits 5 digits
Minimal Deposit $5 $50 $50 $5 $1,000
Credit Leverage up to 1:500 up to 1:200 up to 1:200 up to 1:1000 up to 1:100
Minimal Lot 0.01 0.1 0.1 0.01 0.1
Maximum Lot 10 50 50 20 20
Max. of Open Positions 100 No limit No limit 100 No limit
Margin Call Level 40% 40% 40% 40% 100%
Stop Out Level 20% 20% 20% 20% 50%
Automated Trading Yes Yes Yes Yes Yes
Commissions No No No No  $5/lot, $3.5/lot

Deposits and Withdrawals

In NordFX Broker, there is a wide range of deposit and withdraw options for you. You can use one of the following methods for both deposit and withdraw funds in NordFX Broker.

  • Bank Transfer
  • Bank Cards
  • Online Payment Systems
  • Online Exchange Services
  • Internal Transfer

Here is a comparison of Deposit and withdraw methods:

Method Currency Commission* Depost Period Withdraw Period
Bank Transfer
Bank Transfer USD, EUR Fees of your bank
and the correspondent bank
3-5 business days 5-6 business days
Bank Cards
VISA USD, EUR, RUB 4% of the amount + $7.50 Instant 5-6 business days
MasterCard USD, EUR, RUB 4% of the amount + $7.50 Instant 5-6 business days
Online Payment Systems
WebMoney USD, EUR, RUB, UAH 0.8% but not more
than $50
Instant Within 1 business day
QIWI RUB No Instant Within 1 business day
Skrill USD, EUR 1% Instant Within 1 business day
NETELLER USD No Instant Within 1 business day
PayWeb USD No Instant Within 1 business day
Perfect Money USD, EUR 2% Instant Within 1 business day
Payza USD, EUR 2.5% + $0.25 Instant Within 1 business day

Other Services for Clients

NordFX Broker provides a number of client services to the traders. However, some services are open for all and some others can be used by only traders. These includes: Market Analysis and News report, Trading Signals, VPS Service, Forex learning center and So on.

Market Analysis and News

You will get every market update, news update and market analysis report in the Market Analysis and News section of the website of NordFx Broker.

Economic Calender

Follow up-to-date economic information with the calendar of events: relevant news for all indicators with detailed explanations, information about forthcoming publications on the US economy, the UK, Japan and other developed countries, estimations of expected volatility and much more – the economic calendar will become an indispensable tool for every trader.

NordFX Broker Best Asian Forex Broker NordFX Review

You can set up the economic calendar of events and news according to your preferences, selecting necessary parameters.

Trading Signals

NordFX offers all its customers access to an innovative autotrading service “Signals” from the developer of MT4 and MT5 platforms – MetaQuotes Software Corp. It takes just a few clicks to select the most suitable provider, view his trading strategy and performance and subscribe to his signals right in your trading terminal. The service is directly integrated into MT4 and MT5 platforms, allow traders to connect to thousands of trading signals providers all over the world and copy preferred signals in their accounts automatically. Any trader can also become a signals provider and make an extra income. There is a one-month qualification and monitoring period for all paid signals when they are checked for conformance to a number of requirements. If a trader offers signals free of charge, they don’t undergo a qualification period.

VPS Service

Do you need stable, fast and uninterruptable connection to NordFX trading servers? If you don’t want to be affected by failures and Internet connection speed, then this solution is for you! NordFX and hosting provider Fozzy offer a reliable solution for uninterruptable 24/7 trading from anywhere in the world. The Fozzy Forex VPS is a virtual server, located together with NordFX servers, significantly diminishes the negative factors that put a crimp into trade.

Trading Calculator

In the trading calculator, Enter all essential parameters of your trade and calculate the possible profit.

NordFX Broker Best Asian Forex Broker NordFX Review

NordFX Forex Learning Center

NordFX Learning Center is a convenient and practical online resource that allows traders of all levels to develop their skills and gain valuable knowledge and experience required for trading Forex and binary options successfully. There are plenty of videos to make you familiar with forex and binary option trading. All these lectures used simple and easy techniques, so that anyone can learn it without facing any difficulties.

Bonus and Promotions

They currently have two different promotional offers for Traders.

Best Asian Forex Broker

55% Bonus on Deposit

Fund your account with $100 – $8,000 and receive a trading bonus up to $4,400!

NordFX Broker Best Asian Forex Broker NordFX Review

Deposit Bonus Up to 100% and Training

Bonus up to $1,000 with free training and tips for trading Forex and binary options.

NordFX Broker Best Asian Forex Broker NordFX Review

DemoCup Contest

You can participate for free with your demo account with a Prize pool of $42,000

NordFX Broker Best Asian Forex Broker NordFX Review

NordFX Binary Option Trading – Nord Machine

Nord Machine is one of the most up-to-date and user-friendly platforms for trading binary options. Nord Machine Binary options give you an opportunity to trade stocks, currencies, commodities and indices, which doesn’t require any special financial expertise.

NordFX Broker Best Asian Forex Broker NordFX Review

All you need to do is make a prediction about the movement of the price of a trading asset within a set period of time. Will the price go Up or Down? If your forecast turns out correct by the time the binary option expires, you receive your profit that can reach 80% of the investment.

NordFX Broker Affiliate Programs

At NordFX Broker, you get the best terms for affiliate income with Forex and Binary Options. The broker is also offering competitive commissions for affiliates:

  • 30-50% of the spread from forex trades by referred clients
  • 5-3% of the total turnover of binary options trades by referred clients

How It Works

NordFX Broker Best Asian Forex Broker NordFX Review

Special features of NordFX partnership program:

  • The largest affiliate commissions for Forex and Binary Options
  • Automatic accrual of commissions in real time
  • The best trading conditions, all most popular instruments and platforms for your clients. It’s easy to refer clients to NordFX!
  • Possibility to withdraw commissions of any size and any time
  • Reliable broker. Over 1,000,000 clients worldwide have already joined NordFX
  • Wide variety of promotional materials; client, traffic and commission statistics

NordFX Customer Support

NordFX Broker Best Asian Forex Broker NordFX ReviewOne of the things that impressed us most of NordFX is the efficiency of its customer service area. They have an instant chat system in seven languages ​​(including Spanish and Portuguese), where kindness is mixed with professionalism. Customer Support in Major Asian languages has made it Best Asian Forex Broker.

NordFX Broker Customer Support can be reached via following methods:

  • Support by email
  • Feedback form
  • Telephone
  • Live chat

The most effective advantage is that the support services are provided in 10 different languages and are accessible 24/5.

In addition, they have excellent service via internet using the ticket system; you have the possibility to track your queries. Phone support is also available in Spanish, Portuguese, Arabic, Chinese, English, Persian, Russian, Hindi and Indonesian. The service is available all day, while the markets are open.

NordFX Awards and Achievements | Best Asian Forex Broker

As we have already discussed that NordFX has got the Award of Best Asian Forex Broker for several times, the broker has managed to get lots of other awards and recognition from trading authorities and trader’s associations from different region of the world.

NordFX Broker Best Asian Forex Broker NordFX Review

Advantages and Disadvantages of NordFX Broker

Let’s summarize all the advantages and disadvantages of NordFX Broker:

Advantages

  • Currently, it offers a 100% Bonus and a 55% Bonus offer, you can also participate in Demo Contest – DEMOCUP with a demo account in NordFX Broker.
  • This broker offers multiple options for trading accounts and platforms to operate in the market.
  • It provides accounts and ECN type platforms, which allow trading in the market with the best prices, extremely low spreads and fast and efficient thanks to the high level of liquidity executions. This liquidity is provided by large banks, financial institutions and other traders.
  • It has an updated economic calendar of the most important events that may affect the markets, which come with a forecast on possible results, especially in cases involving the announcement of important economic indicators of the major powers.
  • The website comes with a small tutorial of the most important aspects of the Forex market, including what is technical analysis, fundamental analysis and others. This tutorial is quite simple but serves as an introduction for novice traders.
  • Allows execution of automated trading through the Metatrader 4 platform.
  • It also offers a solution for automated Forex trading with MT5 and Multi-terminal.
  • This broker offers trading contest for demo accounts which offers cash prizes for the top 10. Any client NordFX with a demo account can participate.
  • NordFX has an affiliate program that allows earn money by promoting its services as a broker. Any customer with an account at the broker has the opportunity to participate in the program at no cost.

Disadvantages

  • U.S traders are not accepted

Conclusion & Recommendation 

NordFX, the best asian forex broker will provide you a trading environment, where you will give you confidence from the start and its wide selection of trading platforms and trading conditions will make a positive experience for you.

In NordFX, they strive to provide direct information on trading conditions, so traders can choose the best option based on the right reasons. Surfing the web page is simple, intuitive and easy, much as it is the record. Deposits and withdrawals can be made through multiple e-commerce options, such as credit cards, moneybrokers, bank transfers, electronic exchange boxes, etc.

Anyone seeking a safe MT4 Forex broker that offers various options offered for both Forex and other markets, with leading platforms and several options in international trade, NordFX is an ideal choice.

1 Reviews

0
  • Customer Support
  • Deposit & Withdrawal
  • Broker Regulation
  • Trading Platform
  • Broker Reliability
0
  • Customer Support
  • Deposit & Withdrawal
  • Broker Regulation
  • Trading Platform
  • Broker Reliability
NordFx Review
Very good broker with good customer support and deposit withdrawal.
1:24 pm September 1, 2016

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