NordFX Review [2021]: The Pros, The Cons And Everything In Between

February 21, 2021
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NordFX is a global forex and cryptocurrency trading application. The app is regulated by Cyprus’s Securities and Exchange Commission (CySEC) and Vanatu’s Exchange authority. The broker started in 2008 and currently has 1.2 million customers across 100 countries. With a demo account and a minimum deposit of $10 and a minimum trade of $1, individuals can easily get started on trading with NordFX. The app offers 33 currency pairs and 11 crypto pairs and very low spreads starting from 0.0. The interface is also intuitive and easy to use and is a solid choice for individuals looking to get started in Forex and crypto trading.

If you are looking for a holistic platform that offers a wide array of assets then you should consider as it offers a diverse range of over 1,700 stocks & ETFs hundreds of bonds, plenty of cryptos, over 25 commodities. With one of the best and affordable fee structure, promises to be a good platform for your trading needs. Moreover, the broker has one of the most vast variety of educational resources in easy to learn and fun tutorials, short online courses and a dedicated account manager to help you trade. Join if you want great customer service and variety in stocks and commodities and join many of our satisfied readers who have joined the platform.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with NordFX and scored our findings on a 10-point scale across 10 distinct categories.
1 - Fees710
2 - Signup Process910
3 - Minimum Deposit1010
4 - Ease of Use810
5 - Deposit & Withdrawal Options1010
6 - Customer Support1010
7 - Asset Classes510
8 - Referral Program21
9 - Demo Account & Educational Resources810
10 - Safety & Regulation810

What is NordFX?

NordFX is a global forex and cryptocurrency trading application that is headquartered in Vanuatu. The broker started in 2008 and currently has 1.2 million customers across several countries. NordFX has been gaining a lot of popularity in recent times for its friendly interface and low operating fees as a trading platform. With its low-cost structure and friendly interface geared towards helping individuals, it is a good platform for trading forex and crypto. Keep reading this review to see how it ranks in terms of overall usability and how it compares to the industry benchmark of which is revered by individual investors and institutional investors alike. The broker is currently available in the following countries, however, note that it may be available in more countries soon as it is rapidly expanding.

FranceSouth AfricaSingaporeHong Kong
ThailandKuwaitSaudia ArabiaLuxembourg

If you are someone in Africa or Asia and are looking for a good broker, do check out IQ Option and easyMarkets as well, as these brokers cover a lot of African and Asian nations and offer some decent value for traders across regions. We also recommend you to have a look at CMC Markets as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations. Many of our brokers in Southern African and far east countries like South Africa, Zimbabwe and Indonesia have tried these brokers and given us positive feedback.

NordFX Pros & Cons

NordFx has a few pros and cons like any application. Let’s have a look at those so you can decipher if the app is right for you.

Low non-trading feesFees for withdrawing funds
Low fees for trading forex and cryptoLack of research tools
Free membershipLack of visualization for statistics
10% referral bonus 
Good demo account 

Now that you have had a summary, let’s dissect the features of the app one by one to see its strengths and weaknesses.

NordFX Account Types

NordFX offers three types of accounts, namely, Fixed Account, Pro Account, or Zero Account.

The maximum leverage is the same for all three accounts and is 1:1,000. Initial deposits vary along with spreads, with pips ranging from 0.9 to 2.

Some accounts (such as the Zero Account) offer commission-free trading, whereas others may charge slightly higher fees and market execution rates.

Account TypeCredit LeverageQuote Precision
Fix AccountUp to 1:1,0004 Digits
Pro AccountUp to 1:1,0005 Digits
Zero AccountUp to 1:1,0005 Digits

The Fix Account is a good account to get started for beginners. You can get started with $10 and learn how to trade. The quote precision is good for all accounts meaning that the quotes are likely to stay within the 4 or 5 digit level of precision. A positive option that users have is that, since the app is not regulated by the FCA, it has high leverage levels available for users. We recommend the Zero Account for professional forex traders as there is no spread for trading with Zero Accounts.

NordFX Fix Account

The NordFX Fix Account is the basic account type used by most users. It is an account type that is really helpful for users looking to get their hands dirty with trading as it has low initial deposit and investment requirements. (covered more in the minimum initial deposit requirements section of the article). The quote precisions are up to 4 digits because this account is designed for beginners and small-time traders.

NordFX Pro Account

The Pro Account is designed for professional investors with a higher quote precision and deposit requirements than the NordFX Fix Account this account types professionals looking to use the NordFX platform with the broker. This offers some better value for someone looking for more value in their trading account than the Fix Account.

NordFX Zero Account

This account type is associated with narrower spreads for volume traders. If you are someone who hates spreads and likes to trade in bulk then this is the account type for you as you have to pay minimal spreads, but small commission fees to carry out your big trades.

A Word Of Caution

Leverage means that you borrow funds to trade. This helps in increasing the money you put on a trade. Hence, when you are right and prices rise you earn a lot but when you lose, your losses are magnified as well. For instance, if you trade a $100 with a 1:10 leverage the total amount invested is $1,000. If you earn 10% on the trade you earn $100 (doubling your investment) but if you lose 10% of the trade you lose the entire $100 you put in. The worst part is that you can end up in negative numbers if the losses are of more than 10%.

Here’s a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 NordFX Fees

Fees associated with using a trading application can significantly enhance or decrease your earnings. Let’s have a look at the different kinds of fees associated with the NordFX account and how you can benefit from it.

Non Trading Fees

Non trading fees are associated with trading activities not directly related to trading. These can be fees such as deposit, withdrawal fees and inactivity fees. Non trading fees can often act as an annoying category for instance, inactivity fee can vary from a $5 to even $50 at times that can really eat away at your balance. Hence, we recommend that you always take into account the non trading fees asscoiated with a broker before choosing to trade with it.

Membership Fees

There are no membership fees associated with your NordFX account which augers well for users. This is because membership fees often coupled with trading fees and commissions will often result in eroding profits, especially for beginners.

Deposit & Withdrawal Fees

There are no deposit fees associated with your NordFX account. This augers well because often deposit fees can add up with trading and commission fees to make trading less profitable. However, the withdrawal of funds can be expensive because of the complex withdrawal fee structure. Let’s try and simplify this with a table.

Withdrawal MethodTransaction AmountFees
Visa or MastercardUp to 200 EUR or USD20 EUR / 20 USD for every transaction
 Between 200 – 1,000 EUR or USD30 EUR / 30 USD for every transaction
 Greater than 1,000 EUR or USD3% per transaction
Union Pay$0 < $20,000 USD$12
 $20,001 USD< %50,000$18
 $50,000 USD +$30
Neteller or SkrillAny5% per transaction amount

As you can probably see, there are plenty of fees associated with the withdrawal of funds. Online payment wallets like Neteller or Skrill are a definite “no-no” but using Union Pay and Visa or Mastercard can be useful for large amounts but not for small amounts. For clarity purposes, most of my analysis will center around the features of the Fix Account and the Pro Account because these are the accounts intended for individual investors and zero accounts are likely to be used by big investors or institutions.

Trading Costs And Commissions Summary

Let’s have a look at the summary of the fees structure for the various account types and what’s on offer for you as user over here.

Account TypeSpreadCommission
Fix AccountFrom 2 PipsNo Commission
Pro AccountFrom 0.9 PipsNo Commission
Zero Account00.0035% per trade

The spreads for the Fix Account are slightly expensive especially keeping in mind that there are brokers like FXTM that offer spreads that start from 0.1 pips in the basic account type for major currency pairs.

Detailed Analysis Of NordFX Forex Spreads

Let’s have a quick look on the detailed forex spreads available with the broker. The spreads mentioned below are typical spreads available with the broker and may not reflect the exactly same spreads available at any given point in time.

Forex PairFix Account SpreadsPro Account SpreadsZero Account Spreads

NordFX Fix Account Spreads

The pips for the Fix Account seem to be quite expensive compared to other brokers. For instance, the EUR/USD pair has a typical pip of 2 pips which is quite high compared to other brokers. Similarly, GBP/CHF and CHF/JPY are also quite high as usually these spreads are between 0-2 pips with most brokers offering decent pips.

NordFX Pro Account Spreads

The Pro Account offers better value compared to Fix Account. Spreads generally are about 40% cheaper than the other account types. This account type offers some decent value compared to other brokers. The account type does not have any commissions which also offers good value because often account types that are not the basic account types usually have commission associated with them.

NordFX Zero Account Spreads & Commissions

In-terms of spreads the Zero Account provides offers some really good value for customers. The spreads are in-sync with most other brokerage houses. For instance, the EUR/USD spread is typically around 0.3 pips that offers some amazing value for traders, especially those who trade in bulk. The Account type is called Zero Account because you can also find spreads that are close to zero which offers amazing value.

Commodity Spreads

The broker just offers 2 commodities in gold and silver. The spreads for them are as follows

CommodityFix Account SpreadsPro Account SpreadsZero Account Spreads
Gold 52.90.2

The spreads for the Fix Account are too expensive compared to other brokers and other account types offered by the NordFX broker. The broker lowers the spreads for the Pro Accouynt but they are still on the expensive side. The Zero Account has lower spreads but a commission of 0.09% associated with it, which can only make trading efficient if you trade in large quantities. The broker could do much better interms of offering a wider range of commodities since it is one of the commonly type of asset that is traded by different users in the markt.

How We Rank Fees

At Yore Oyster, we rank fees based on both trading and non-trading fees. Non Trading fees consist of deposit, withdrawal and inactivity fees. The commissions and spreads associated with each asset type are also built in the score to determine the overall value.

Final Verdict

The high fees for withdrawals with methods apart from Union Pay, coupled with the high spreads for the Fix Account do not auger well for users. However, no deposit fees and commissions help NordFX’s score for fees to be a respectable 7 out of 10.

NordFX Fees Score: 7/10

#2 Sign Up Process

The sign-up procedure for NordFX is pretty simple and self-explanatory. You can open your account instantaneously. The procedure will help you in quickly getting signed up and start trading. Let’s look at the process one step at a time:

Step 1: Fill Out The Registration Form

You just need to give basic details like your email address and password to get started.

Pro-Tip: After opening your account, NordFX will give you a PIN. You should store the Pin Account in a safe and private place.

Spet 2: Look Out For The Notification

You will be notified through email of the opening of your account. You should verify it as soon as you get the email, so keep an eye out for it.

Once you verify your account, you’re set and you can get to trading.

How We Rank The Signup Procedue

We ranked the signup procedure based on how quick and easy it is to open an account and we base our score on the following criteria:

  • The speed with which the documents can be uploaded
  • Number of documents required
  • The time the verification process takes

The easier an account opening process is without unnecessary checks the higher the score is for this dimension.

Final Verdict On Sign Up Procedure

The simple sign-up procedure and instantaneous opening of your account mean the app scores a perfect 9 out of 10 in this dimension.

NordFX Signup Process Score: 9/10

#3 Minimum Initial Deposit

The minimum initial deposit depends on the type of account, as we mentioned earlier.

Account TypeMinimum Deposit
Fix Account$10
Pro Account$250
Zero Account$500

As you can see, the minimum deposit to get started with trading in NordFX is $10. This is a good feature because it lowers the barrier to entry for new users and individuals looking to get started with trading. We actually recommend the Pro Account for beginners aswell as $250 is not a very high minimum initial deposit requirement and the fact that the fees associated with the Pro Account are much lesser than the Fix Account as illustrated in our fees section. We think that beginners can also get started with the Pro Account rather than the FIx Account because it can be more expensive in the long run due to the higher spread rates associated with the NordFX Fix Account Type. Obviously, if you are a volume trader who does not like spreads you may want to ignore the first two account types altogether and go with the Zero Account.

How We Rank Minimum Initial Deposit

The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.

The Scoring Threshold For Minimum Initial Deposit

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker’s services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.

Final Verdict On Minimum Initial Deposit

Keeping in mind the deposit fees of other brokers as well, NordFX scores 10/10 in our scoring system. However, there are applications that can help you get started for much less like HotForex that can help you get started with $5. If you want to look at other brokers with no minimum initial deposit requirements have a look at FXTM, IronFX, RBC Direct Investing as these brokers have no minimum initial deposit requirements and have good demo accounts and educational resources to get you started with trading.

NordFX Minimum Initial Deposit Score: 10/10

#4 Ease Of Use For NordFX

The NordFX platform is available on the web, desktop, android and apple devices. The app has decent reviews and ratings on all platforms with respect to usability. The Platform uses the Meta Trader 4 Platform. Let’s discuss the Meta Trader 4 platform before delving into each type of platform.

Meta Trader 4 Platform

One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.

MT4 Web & Desktop Trading Platform

The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.

MT4 Mobile Trading Platform

Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.

MT4 Platform Languages

The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:

CroatianHungarianRomanianTraditional Chinese

As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.

Charting Tools

The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990’s Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.


The Interface In General

NordFX’s interface is really good. It has great visualization along with text values of the asset displayed on the left-hand side of the screen. However, the visualization could have had some more advantages like deviations being displayed on the screen like in The trends are also displayed here in the graphs, so you can see how an asset is performing over time.

NordFx app

Analysis Tools In NordFX

NordFX has interesting research tools that can help you in trading better to maximize your wealth. Research tools are available in most apps, however, these are slightly different. Let’s have a look at some of the research tools NordFX offers.

NordFX’s Trading Calculator

 This feature of NordFX allows you to input the details of potential trades to calculate your profits and ascertain the results of your potential decisions. This can allow you to make informed decisions.

NordFX’s Economic Calendar

The Economic Calendar allows you to keep a track of the trades that you make and want to make in the future. This is a good feature to keep yourself updated with how long you have kept assets and calculating your returns over time.

How We Rank Ease Of Use

Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:

  • Intuitive Interface Across All Platforms
  • Customizability Options Available To You
  • Advanced Research Tools For Analysis

Having an intuitive interface was ranked as the number one factor by most of our users in considering a broker with a good interface. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience.

Final Verdict

These tools are pretty neat. However, there is a lack of a decent interface can make it difficult for users looking to get started in trading to use the platform. Moreover, tools like news feed features could have helped in improving the interface by helping users in their decision-making.

NordFX Ease of Use Score: 8/10

#5 Deposit And Withdrawal Options

The withdrawal options and deposit options are numerous. You can deposit and withdraw funds in five different ways:

  • Credit cards (Visa or Mastercard)
  • Union Pay
  • Online Wallets like Skrill
  • Bank Transfers
  • Wire Transfer

The plentiful options provided give users a lot of choice to use the method that they see fit for using the platform. Because different people in different countries can have problem using a particular deposit or withdrawal method such as credit cards or bank transfer as it may take too long or be a bit expensive due to local regulations and restrictions. Hence, providing multiple ways in which one can deposit or withdraw funds give users a lot of choice in the way they want to use the NordFX platform. The multiple choices provided for depositing and withdrawing funds can ultimately help users in using the NordFX platform. So Kudos from our end to NordFX for being flexible and giving users a lot of options to use their own funds.

How We Rank Deposit & Withdrawal Options

Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:

  • Ways in which you can deposit your funds
  • Ways in which you can withdraw your funds
  • Number of options within different Deposit and Withdrawal Types

We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

Final Verdict On Deposit & Withdrawal Options

As you can see the options are numerous for you to trade in hence, the score is a perfect 10 for deposit and withdrawal options. Because the broker offers a lot of variety for its investors to invest in the manner and method that they see fit and fulfills their needs and requirements.

NordFX Deposit & Withdrawal Options Score: 10/10

#6 Customer Support of NordFX

Customer support is on of the most important decision point for our users in choosing a platform and seeing if it fits the bill, let’s see what the broker offers in this area and if it fulfills your needs. The broker is available via:

  • email
  • Live chat
  • Telephone

NordFX Pros & Cons Of Customer Support

Pros Cons
Quick Live chatMay not get relevant answers via live chat
Detailed & Quick Response via Phone 
Detailed Response On Email 
24/7 Availability 

How We Rank Customer Support

Customer support plays an important role in getting much needed help. Our criteria takes into account the 3 most pivotal factors considered by our viewers which include:

  • Availabiltiy of Support via Live Chat, Phone & Email
  • Speed & Quality of Response Across Platforms
  • Availability of Customised Support Such as a Dedicated Account Mnager

The customer support dimension is a really important dimension for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.

Final Verdict On NordFX Customer Service

The phone service usually quick and someone takes just a few minutes to entertain your request. The email service is fairly quick though with queries often being replied to in one day. The customer service provides a chatbot or live chat where customers can instantly get answers to their queries. The comprehensive customer support means that NordFX scores a 10 in customer service according to our algorithms and permutations.

NordFX Customer Support Score: 10/10

#7 Asset Classes

There are a few asset options that one can trade in NordfFX. It is good in terms of giving a myriad of options to users for forex and crypto pairs. Some of the asset options provided by the broker include:

  • 33 Currency Pairs
  • 11 Cryptocurrency pairs
  • Commodities like gold and silver
  • Stock Indices

The broker covers the basic asset types however, it does not offer a lot of variety for users within each asset type which can be a bot annoying if you are a professional trader looking for a broker where you can trade hundreds of assets.

Forex Pairs

Let’s decouple the forex pairs available with NordFX and their platform to see the pros and cons provided by the broker.


The list above shows the variety available with the broker and they cover most of the commonly traded major forex pairs like EUR/NZD, EUR/USD, GBP/USD. They also cover Singaporean Dollars and Swiss Francs some of the other currencies that are not commonly traded with every broker. SO all in all I think the broker offers decent value with respect to forex pairs as it does not perhaps cover 70-80 pairs like many brokers but it does provide a good range in what it offers. If you are a forex trader who likes trading the major currencies without delving too much into emerging pairs or exotic pairs then NordFX may be the right broker for you.


Let’s decouple the crypto options offered by NordFX for their users.


The broker covers a lot of the incoming cryptos like BSV or ZEC this offers some decent value compared to other brokers that just cover the major crypto currencies likt Bitcoin, Litecoin and Ethereum. If you are a crypto trader who has knowledge about up and coming cryptos in the list provided above then you may want to use the NordFX platform to access their crypto platform.


The broker only offers gold and silver as commodities currently. This means that the broker misses out on offering many other commonly traded commodities like oil, brent, soybean, sugar, wheat, cocoa and coffee. Commodities are a commonly traded asset and NordFX should invest more in strengthening its portfolio for providing more commodities as it will help in attracting more investors to the platform because commodities are a commonly traded asset in the brokerage world.

How We Rank Asset Classes

The criteria for ranking asset classes is pretty simple and as follows:

  • Number Of Asset Classes Offered, such as crypto, forex, stocks, ETFs and bonds.
  • Options Provided within each asset class

The more asset classes a broker provides, the more the chance to diversify your portfolio. Diversified portfolios often help in mitigating risk and long term profitability. This is the reason due to whch we give higher ranking and weightage to brokers who give you the option to hedge your risk.

Final Verdict

The limited option in terms of offering different asset types means that the broker scores only a 5 out of 10 in our scoring system. There are several brokers like that offer many more asset types for you to build diversified portfolios like individual stocks, ETFs, options and bonds.

Related: Also check out our article on trading ETFs.

NordFX Asset Classes Score: 5/10

#8 Referral Program NordFX

NordFX has a referral program that gives you a bonus of 10% of the total deposit value of your friend’s first deposit. This incentivizes people whose friends deposit a huge amount and does not incentivize people whose friends would not perhaps deposit a large amount. For instance, if your friend deposits only $500 you get only $50.

How We Rank Referral Programs

The more rewards a broker gives the higher the score for this dimension. Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards. We also take into account how difficult it is to attain these rewards.

Final Verdict

The final score here for this dimension is a paltry 2 as it does not offer alot of value for low value referrals.

NordFX Referral Program Score: 2/10

#9 Demo Account & Educational Resources For NordFX

Demo Account

NordFX does offer a demo account. The account has similar functionality as the normal account and you can use it to get acquainted with the platform and learn how to trade. The demo account has no time limit of now. this provides good value meaning that you can take your own time to understand the platform before going into any of the live trading accounts and investing your own money.

Educational Resources

Let’s decouple the educational resources and see if the broker has what it takes to take someone from zero to hero in trading. The educational resources offered by the broker include:

Seminars / WebinarsYes
Educational ArticlesYes
Platform / Trading TutorialsYes
Online CoursesNo

The broker covers most of the educational resources that are provided by other brokers. For instance, you can find educational articles and tutorials on using the NordFX platform and trading assets. however, we felt that the broker could offer much more insights into trading different assets in different market conditions and it could do more to provide more rich understanding for users who do not come from a very literate trading background. Moreover, the broker also does not offer online courses for different trading assets, which is a slight con in this dimension. But overall we believe that the educational resources provided are decent and enough for anyone not looking for very detailed educational resources to get started with their trading journey. Now that you have read seen the pros and cons of the educational resources you would be in a better place to see if the broker fits the bill for the educational resources you need.

How We Rank Demo Account & Educational Resources

The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.

  • The demo account should not have a time limit or a paper trading limit to get a perfect score
  • Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably

Final Verdict

However, if there were educational resources and tutorials on how to trade they could have helped investors more. NordFX scores 8 out of 10 in this dimension because it offers decent functionalities for users to get acquainted with the platform but it doesn’t offer good educational resources.

NordFX Demo Account & Educational Resources Score: 8/10

#10 Safety Of NordFX

How We Rank Safety & Regulation

If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.

Is NordFX Safe?

The app is secure because it is regulated by CySEC which is an established regulatory authority with its own compliance procedures that ensure that the app is run in a way that is safe for users. However, the fact that there are no leverage controls currently we advise you to trade responsibly if you trade with leverage. Another piece of advice that we give most of our readers is that always be aware of the market environment before investing in a particular asset. Beware of Bullish and pessimistic market conditions when investing so you know if you are investing the fair amount of a particular asset in different market conditions.

Final Verdict On Is NordFX Safe?

The safety score is 8 out of 10 because it is regulated by a tier-2 broker in CySEC. Another safety feature that the app lacks is that it does not have restrictions like leverage limits that can be detrimental for new users who may use high leverage values to gamble and lose large amounts of money.

NordFX Safety & Regulation Score: 8/10

While researching 100+ of the world’s top brokers, we’ve noticed what works and what doesn’t from the customer’s point of view. That’s why our final test for any broker is to compare it to, which scores 91/100 points across the 10 categories mentioned in this review.

Comparison With

While NordFX is a good platform that ranks high in our scoring list. There are a couple of dimensions in which it could further improve. The reason this section compares NordFX to is that is the highest ranked broker in our system and comparison with it can give you an idea of how good NordFX ranks with the industry benchmark. We consider to be a better alternative to NordFX for the following reasons: Is Easier To Use

Two of the major difference between the 2 platforms are functionality and usability. The interface of is quite intuitive and easy to use for individuals. Similarly, NordFX’s research functionalities are also not as detailed, intuitive and user friendly as’s whose interface is much more intuitive and instructive. Similarly, also shows plenty of options that show users statistical interpretation of trends to make more informed decisions.

More Assets To Trade offers much more asset types than NordFX such as hundreds of bonds, more than 1,700 stocks, 25 commodities, CFDs that can allow you to trade with various asset types. It is quintessential to build diversified portfolios to hedge them against risks and allows you to do that by offering a wide array of assets at affordable rates with no trading commissions or fees.

Better Customer Service

Finally, also has a very good customer support service with a quick email response, a dedicated account manager and an efficient live chat and telephone service. The dedicated account manager is a really good feature of as it allows someone to advise you based on your preferences and investment horizon.

The advanced educational resources, diversity of assets and customer service options are some of the reasons why we would recommend as a more holistic and comprehensive platform.

Better Educational Resources has a lot of educational resources to train any kind of trader looking to deal in any kind of asset. Often brokers offer a few basic educational resources for traders but does a good job in this regard and it is with you in helping you learn to trade savvily and efficiently. Some of the resources offered are as below:

  • Tutorial videos on using the platform
  • Educational videos on trading different assets
  • Webinars
  • Educational articles

The resources offered to teach you everything from learning how the platform works to educational videos and webinars. also offers asset trading training guides.

Training Guides

  • CFD training guides
  • Commodities training guides
  • Indices trading guides
  • Trading psychology guides
  • Shares trading guides
  • Forex trading guides has you covered if you want to start trading an asset that you have not traded before. They also offer 5 courses that are aimed at training beginners and refreshing the knowledge of experienced traders. Online Courses

  • Introduction to financial markets
  • ABC of derivatives
  • Financial instruments
  • Derivatives and risks of trading
  • What are leverage and margin

The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices and knowledge of the industry. genuinely goes the extra mile in providing extra educational resources to ensure that you trade responsibly without putting any of your hard-earned money at risk. join through the link below and enjoy like many of our readers who have tried out the platform.

Related: Read our comprehensive Review of

Final Verdict

One appealing feature for me for NordFX is the 1:1000 leverage that you can take on assets that can multiply your profits. If you are an experienced trader who has experience in trading with leverage you may want to opt for NordFX. Moreover, NordFX has a decent fee structure that can make trading forex profitable and with its simple interface it can be helpful for some users. If you feel this is enough for you, then choose NordFX.

On the other hand, has a better interface with a lot of options in CFDs and currency options which NordFX lacks. NordFX has good options in terms of trading forex and crypto: not as many options as, but decent options nevertheless. However, the lack of research tools and educational resources is something that caught my attention and swing my recommendation more towards that also has tools to determine the possible deviations in possible stock prices. So, whether you’re an experienced trader or you’re just beginning is a solid choice.

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