NordFX Commission or Brokerage Charges – Review, Plans, FAQs & more
In this article, we would be discussing NordFX Commission or Brokerage charges.
The Trading Company offers a lot of features and other trading instruments to offer for all its clients.
These features have been exclusively developed for both beginner-level traders and expert-level traders.
This simply makes it one of the best trading companies and brokers in the Forex market.
Now, let us get to know about the NordFX brokerage charges if you are planning to invest in this forex trader in detail.
There are different types of accounts and you have to note the trading charges related to each account.
NordFX Commission or Brokerage Charges
The NordFX Fee is very important and has to be taken into account if you are willing to trade with this trading company in the Forex market.
So the charges are the very first thing that has to be taken into consideration before trading.
Each trading company takes a small amount of commission which varies depending on the type of trading account.
The spread charges that are payable on the trading pairs are quite low.
The company is known to operate as an ECN broker and at times the charges are low and close to zero.
But, this depends on the type of asset that is being traded. Along with this, the type of trading account also has to be taken into consideration.
Fill up the Form – Open Forex Trading Account Now!
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Types of NordFX Commission Plans
|Types of Commission Plans|
|Account Type||Fix Account||Pro Account||Zero Account|
|Spread||from 2 pips||from 0.9 pips||*from 0.0 pips|
|Commission||No Commissions||No Commissions||0,0035% per trade|
The company provides various types of accounts. All these accounts have a fixed charge.
Any user opening an account with NordFX will get to know about all these charges whenever he or she is opening an account.
The trading firm provides three different types of trading accounts namely Fix account, Pro account, and Zero account.
The initial deposit of the Fix account is $10, the Pro account is $250 and the Zero account is $500.
Now let us discuss the NordFX Brokerage of the various accounts that NordFX provides.
The NordFX Commission is only charged for one account. NordFX does not charge any Commission for the Fix account and Pro account.
Additionally, whenever you are trading with any of the accounts, you will have to pay a Spread charge which varies from 0.9 pips to 2.0pips.
The leverage charge is usually 1:1000. The spread charge on the share accounts depends on the underlying exchange and cannot be determined from before.
NordFX Account Opening Process
As you have learned about the NordFX commission and NordFX Charges, now we would be discussing the registration process with the trading company.
You can easily register a trading account with NordFX. Simply, follow the steps that have been discussed.
- The first step that you need to follow is to visit the official website of the company and click on Open Demo Account.
- When you click on this, a new tab will
- On this new tab, you will find an application form. Fill in the necessary details correctly and then submit. Make sure that all the details that you have filled in are correct as they would be required at the time of verification.
- In the next step, you will be redirected to the EKYC page. Here you have to provide the necessary documents, that are, a scanned copy of a government authorized identity card to verify yourself.
- When the company receives all your details, it will verify them.
- After successful verification, the login credentials would be sent to your email address.
- You can now use the ID and password to log in via online platforms or mobile applications or websites.
NordFX Payment or Withdrawal Methods
|Deposit Options||Credit Card, Cryptocurrencies, FasaPay, Moneybookers, Neteller, Ngan Luong, OKPay, Payza, PerfectMoney, QIWI, Skrill, Webmoney, Wire Transfer, Yandex.Money|
|Withdrawal Options||Credit Card, Cryptocurrencies, FasaPay, Moneybookers, Neteller, Ngan Luong, Payza, PerfectMoney, QIWI, Skrill, Webmoney, Wire Transfer, Yandex.Money|
The broker offers a different set of payment and withdrawal methods. You can refer to the mediums did you can use to deposit funds in the following options:
- Credit Card,
- Ngan Luong,
- Wire Transfer,
Now the withdrawal options have been mentioned below
- Credit Card,
- Ngan Luong
- Wire Transfer
The company also does not charge any amount for withdrawals. You can withdraw a specific amount at the time and then we do it directly into your bank account.
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NordFX Investment Assets
|Supported Cryptocoins||bitcoin, dash, eos, ethereum, litecoin, omisego, ripple, zcash|
|Total Tradable Assets||52|
|Number Of Currency Pairs||33|
|Number Of Cryptocurrencies||11|
|Number Of Stocks||68|
|Number Of Indices||6|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
The traders who have registered themselves with NordFX are allowed to invest in a number of assets.
The trailers are allowed to trade in currency trading, commission trading combined dice trading, stocks feeding, and cryptocurrency trading.
The supporter crypto coins are Bitcoin, Ethereum, litecoin, and many more.
The total number of treatable assets in the company is 52, the number of currency pairs in which you can trade is 33 and the number of cryptocurrency pairs is 11.
The traders are also allowed to trade in stocks and indices
We have also added insight into the type of assets which you can invest in along with the data on NordFx charges.
To name a few, the traders who have registered themselves with NordFX are allowed to trade in currencies, commodities, indices, stocks, cryptocurrency, crypto coins, and many others.
Before trading on any effect, make sure you check the NordFX Commission on all the asset types before you decide on investing.
You must also make a note of the NordFX Brokerage Charges which values depending on the type of asset and trading account.
NordFX Commission – Conclusion
Before trading, you must acquire some knowledge on NordFx Fees. This would help you sort and select your investment.
You will have to pay some of the NordFX Fees but there are quite limited charges that you are supposed to pay as an investor or a trader.
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NordFX Charges or Fees – FAQs
Here is the list of FAQs related to the NordFX Brokerage Charges or Fees:
Do NordFX charge commission?
The NordFX Commission is fixed to one account in general. For the rest of the accounts, you do not need to pay any commission charges.
The traders will be informed about the trading account charges whenever they open an account with the company.
How much does NordFX charge brokerage?
NordFX Brokerage is quite less but there are no discounts.
If you plan on trading with the company, you will have to open a trading account after which the brokerage charge would be disclosed.
For more details on the brokerage charge, you can contact the officials at NordFx.
What is the Minimum Deposit required in NordFX?
The minimum deposit amount is charged in the NordFX Fix account.
The minimum initial deposit amount is $10 and the maximum is $500 for the Zero Account.
The initial deposit amount or the minimum deposit amount is fixed.
How much leverage does NordFX provide?
The leverage charged by the three accounts provided by the company is the same.
For all the company’s trading accounts, the leverage amount charged is 1:1000.
How much is Spread at NordFX?
The spread charge varies depending on the type of trading account with which you are trading.
For Fix Account, the spread charge starts from 2 pips, for Pro account details 0.9pips and Zero Account it is 0.0pips.
What type of Commission Plans available in NordFX?
NordFX Commission does not vary on the type of clients but it varies on the type of account. The commission is charged only on the Zero Account.
If you do not want to pay any commission charges you can opt for a pro Account or fixed Account.
All the expert-level traders who want to gain more profit opt for the zero accounts where there is a small commission charge.
Does NordFX provide Cryptocurrency for Investment?
The Trading Company allows investors to trade using cryptocurrencies. You are also to withdraw money using cryptocurrency.
Is NordFX a legit Forex Broker?
Yes, NordFX is a legit trading company and a legit Forex broker.
The company follows the regulations like CySEC, SEBI, and VFSC and is monitored and controlled by them.
Can I invest in NordFX for $5?
No, the minimum deposit amount that is required to invest using NordFX Trading Account is $10. So, you do not have any provision to invest using $5.
Are there any hidden charges available with NordFX?
NordFX promises no hidden charges using their trading accounts.
Everything is transparent with the customers and the company discloses every charge before opting for a trading account.
Fill up the Form – Open Forex Trading Account Now!
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