NordFX
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 10
- Payment systems
Features
- Free seminars and trader training
- Daily market analysis
- Low minimum deposit
- PAMM accounts
- Copy trading
- Trust management
- Islamic accounts
- Interest on ECN-account balances
- Scalping allowed
- Affiliate program
- Wide range of trading instruments
Pros
- No specific advantages were reported for this broker.
Cons
- No specific drawbacks were reported for this broker.
Updated:
NordFX is an international forex and CFD broker founded in 2008 and headquartered in Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). It reports more than 1.5 million trading accounts opened by clients in 190 countries and has received over 50 industry awards, though it does not accept US residents. Alongside standard trading on MetaTrader 4, NordFX offers PAMM accounts, copy trading, investment funds, and a DeFi-based Savings account, with leverage up to 1:1000 and a $10 minimum deposit.
NordFX is a VFSC-regulated broker offering forex and CFD trading with a $10 minimum deposit, PAMM accounts, copy trading, Islamic accounts, and leverage up to 1:1000.
Overview
NordFX is an international forex and CFD broker founded in 2008 and headquartered in Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). The broker reports more than 1.5 million trading accounts opened by clients in 190 countries and has received more than 50 industry awards. NordFX does not accept clients from the United States or from certain other restricted jurisdictions.
Regulation and Leverage
NordFX operates under a VFSC license, a common offshore framework that typically means simpler account opening and verification but less client protection than EU, UK, US, or Australian regulators provide. In exchange, NordFX offers leverage up to 1:1000, well above the limits EU-regulated brokers can offer retail clients.
Account Types
NordFX offers three main trading accounts:
- Fix: fixed spreads from 2 points, $10 minimum deposit.
- Pro: floating spreads from 0.9 pips, $250 minimum deposit.
- Zero (ECN): spreads from 0 points plus a 0.0035% commission per side, $500 minimum deposit.
Savings Account
NordFX also runs a DeFi-based Savings account, denominated in the stablecoin Tether (USDT), that advertises passive returns of up to 30% per year. Account holders can also borrow against their balance at 3% annual interest for forex trading. Opening a Savings account requires a $500 minimum deposit.
PAMM Accounts and Investment Funds
NordFX supports PAMM (Percentage Allocation Management Module) accounts, letting investors allocate funds to a manager's trading in exchange for a share of the profits, while traders with a track record can open a PAMM account to attract investor capital. NordFX also offers investment funds tied to shares in major global companies, with a $500 minimum investment and terms from 3 months to 1 year.
Trading Platforms and Instruments
NordFX runs on MetaTrader 4 (MT4), which supports automated trading via Expert Advisors. Instruments include more than 30 currency pairs, precious metals, 11 major cryptocurrencies, and CFDs on oil, stock indices, and individual stocks.
Minimum Deposit and Payment Methods
The minimum deposit on NordFX's entry-level account is $10. Funding methods include bank transfer, Visa/Mastercard, and e-wallets such as WebMoney, Skrill, Neteller, and Perfect Money.
Broker Snapshot
| Founded | 2008 |
|---|---|
| Headquarters | Vanuatu |
| Regulator | VFSC |
| Platform | MetaTrader 4 |
| Minimum deposit | $10 |
| Base currencies | USD, BTC, ETH, USDT |
| Maximum leverage | 1:1000 |
| Islamic accounts | Available |
| PAMM accounts | Available |
| Scalping | Allowed |
| Support | 24/5 |
