NordFX Trading Account – Review, Types, Process, Benefits, Charges & more
Check out all details about NordFX Trading Account here.
NordFX is a global international Crypto, Forex, and CFD Broker that has been in the market of reading since 2008. The company is owned by NFX Capital VU Inc.
NordFX allows all its customers to create ECN accounts. This simply means that they can easily outsource all their client orders to external or third-party liquidity providers.
As the traders are allowed direct access to the market, they can spread as close to the market as possible.
As NordFX is a margin trading provider, they allow all their users and readers the ability to trade in metals, equities, forex, and crypto with a leverage of up to 1000 is to one.
The brand has grown substantially over the years.
There are almost 1.2 million accounts that have been created globally and they have customers from almost 200 different countries. The website has also been translated into over 10 different languages.
NordFX Trading Account and Benefits
NordFX has acquired a CySec license, which allows them to have clients from several countries in Europe.
Some of the benefits are:
- NordFX has acquired a CySec license, which allows them to have clients from several countries in Europe.
- The company has been used by over 10,000 plus traders.
- The minimum deposit amount is $1.
- The company never charges any extra withdrawal fees.
- Even if your account is inactive, the company won’t be charging any amount.
- NordFX never charges any deposit fees.
- You receive a 10% referral bonus whenever you invite a friend.
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NordFX Trading Account Charges
|Trading Account Charges|
|Account Type||Fix Account||Pro Account||Zero Account|
|Spread||2 pips||from 0.9 pips||from 0.0 pips|
|Commission||No Commissions||No Commissions||0,0035% per trade|
Different Trading companies charge differently for their trading accounts. The company charges a different amount for different NordFX Trading Accounts.
For the Fix account, the charges are 10$ and for the pro account, the charges are 250$. And there is no commission applied on both the accounts.
Zero accounts do require an initial deposit of 500$ and a commission of 0.0035% is levied too. The next step is the amount that the company charges at different intervals.
You need to keep your returns and exchanges in check so that you can gain a better profit.
The first charge that you need to be worried about is the commission which is taken for order.
The commission would vary depending on the type of NordFX trading account.
You would also need to know about the initial deposit amount, payment of the spread amount, swap fee, and many more options before you choose the type of trading account.
Types of NordFX Trading Account
|Types of Trading Account|
|Trading Desk Type||ECN, No dealing desk, STP|
|Maximum Leverage||Up to 1:1000|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
NordFX will assist you with all the necessary trading options.
Different types of traders require different features.
Thus NordFX online traders offer a separate set of accounts for each type.
So in the following paragraph for you to be discussing each of them.
Let us begin with the zero accounts where $500 is the minimum deposit amount.
This amount is much higher than the other accounts but offers some privileges to the account holder.
This type of account is mainly recommended to professional forex traders.
All the spread Charges for the NordFX Trading account have been waived off.
Thus, the company does not charge any spread amount for zero accounts.
Whenever a trader trades with zero accounts, a minimal percentage of 0.0035 % per trade is charged as commission.
The credit leverage is charged up to 1:1000.
The zero accounts have a precision of 5 digits.
Now the next type of NordFX Trading account is the fixed account.
This account is pretty common and is preferred by most beginner-level traders. A minimum deposit amount of $10 is required to open a fixed account.
The spread amount charged starts from two pips. However, the company does not charge any commission with this type of account.
The minimum leverage is 1:1000. The quote procession is four-digit.
Lastly, this NordFX trading account is designed for all professional investors who have a higher quote of precision. The precise amount is 5 digits.
The minimum deposit amount required to open a pro account is $250. The spread charge ranges from 0.9 pips.
The company does not charge any commission whenever you are opening a pro account.
The minimum leverage is 1: 1,000.
The Pro account is mostly suggested to all professional investors who are looking for more value in their trading account than the Fix account.
NordFX Account Opening and Trading Process
The NordFX online trading process is pretty easy.
It is quite similar to the stock trading process where you have to open a trading account with the company using trading platforms to trade.
Open NordFx Trading Account
Visit the official website of the company and click on an open demo account.
A pop-up will immediately appear, quickly fill it up and submit.
Now, once you have submitted all the details, you must go with the EKYC process, where you have to verify yourself online using government-authorized identity cards.
Whenever the company successfully verifies your identity, your trading account will be opened automatically and you will receive your login credentials via your email address.
NordFX login process
You can simply sign up for a web trading platform by simply logging in. Here you will be logged in with the NordFX trading platform.
You may also use the mobile application that the company has developed for trading on the go. You can download it from the app store or the official website of the company.
Downloading and setup
If you are willing to use a trading terminal, you can use MT4 or MT5.
Download the terminal and the app alongside from the App Store.
In the next step, you will need to log in using the login credentials provided by the company.
This is the best place but you can use your demo account to practice trading.
You can use the buy and selling options during the time of trading.
NordFX Trading Account – Features
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
To help you understand more about NordFX online trading, you need to refer to the table. In the table above, all the features of the NordFX Trading account have been mentioned.
- The first one is educational services where the traders get to learn about Forex trading and the forex market.
- Some of the other features include email alerts, trading signals, trailing SP, automated trading, API trading, and many more.
- Some other important features are EPS services, interest on margin, hedging experience, promotions, one-click trading, etc.
- These are the features offered by the NordFX trading company.
NordFX Trading Account – Conclusion
In this article, we have discussed every advantage, benefit and shared all the necessary information
about NordFX online trading. The type of account that the company offers has also been mentioned along with the features that they provide.
NordFX Online Trading – FAQs
Some of the FAQs related to the NordFX Online Trading:
Does NordFX provide Online Trading?
The NordFX company allows all its traders and users to invest and trade in forex trading and market. You also have a lot of options to trade on.
Both beginner and professional level NordFX Trading accounts are available.
What are the Commission Charges in NordFX?
The commission charged by the company is based on the type of trading account that you are opting for.
For example, the company charges a minimum of 0.0035% commission on a zero account whereas it does not charge any commission on the Fix or Pro account.
Does NordFX provide Demo account Trading?
NordFX Trading company has a demo account that is available for all users. Using this demo account, beginner-level traders can practice trading with virtual currencies.
This demo account would lead you to avoid all the unnecessary deals which would bring losses.
Is trading Free at NordFX?
The company does not charge any trading fee whenever you are using a demo account.
But, there are a few specific trading charges such as commissions, spread charges, initial deposits that are charged by the company.
The charges vary on the type of account.
Does NordFX provide Spot Metals Trading?
NordFX allows its users and traders to trade using spot metal trading.
You can easily invest in precious metals and oils while constantly monitoring them.
You can monitor your investments and develop investment strategies to gain maximum profit.
What are Spot Metals Trading Charges at NordFX?
The company trades in various metals which include gold, palladium, and other precious metals.
The trading charge varies depending on your account type, order type that is minimal spread, sweep long, swap short, and other levels.
Does NordFX provide Stock Trading?
The company allows the traders to invest in stock trading.
If you are planning to invest in stocks, you will need to get in contact with the company.
The company might or might not charge any extra amount for stock trading
What is Spread at NordFX?
The spread charges vary depending on the account type.
The charges vary from 2 pips for Fix account, 0.9 pips for Pro account, and 0.0 pips for Zero Account.
Is NordFX safe for trading?
Yes, NordFX has been in the market for nearly 2 decades and has a market throughout the world.
The company promises top-level security, your money is stored in a level one tire bank and is controlled and monitored by the authorities of CySec.
Does NordFX provide Trading Tips?
You would need tipping whenever you are treating. Tips are necessary for beginner-level brokers. The company has experts who help all the traders by providing tips.
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