Overall Rating: ★★☆☆☆ (2.5/5.0)

NordFX is a forex and CFD broker offering a range of trading instruments, including forex, commodities, stocks, and cryptocurrencies. Established in 2008, NordFX has built a global presence, but it has faced significant concerns about its lack of regulation, slow withdrawals, and poor customer service. While the broker offers high leverage and low minimum deposits, it operates without tier 1 regulation, which exposes traders to substantial risks in terms of security and fund protection.

In this review, we will cover NordFX’s features, regulatory concerns, pricing structure, and why it is considered a high-risk broker for many traders in 2025.

Key Features

NordFX provides a basic trading platform with high leverage, but it lacks some of the advanced tools and features that professional traders might seek.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • NordFX WebTrader (proprietary platform)
• Markets Offered:
  • Forex, commodities, cryptocurrencies, and stocks
  • Limited range of instruments
• Account Types:
  • Standard, ECN, and VIP accounts
• Leverage:
  • Up to 1:1000 for forex
  • Up to 1:1000 for cryptocurrencies
• Minimum Deposit:
  • $10
• Funding Methods:
  • Bank transfers, credit/debit cards, Skrill, Neteller, Bitcoin, Ethereum

Regulation and Security

NordFX operates under regulated entities in Mauritius and Seychelles.

• Nord International MU LTD is licensed as an Investment Dealer by the Financial Services Commission (FSC) of Mauritius, with licence number GB24204016, and a registered address at Suite 201, Level 2, The Catalyst, 40 Silicon Avenue, Ebene, Mauritius.
• Maximus Global Limited, which operates NordFX.sc, is authorised and regulated by the Financial Services Authority (FSA) of Seychelles as a Securities Dealer (Licence No. SD065). The company is registered under number 8425260-1, with a registered office at CT House, Office 9A, Providence, Mahé, Seychelles, and an operational address at CT House, Office 8D, Providence, Mahé, Seychelles.
• NordFX does not hold licences from top-tier regulators such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus).
• The presence of regulatory authorisations in Mauritius and Seychelles does not necessarily guarantee investor compensation schemes, negative balance protection, or strict segregation of client funds.

These regulatory registrations provide a measure of legitimacy but fall short of the investor safeguards typically associated with major financial centres.

Pricing and Costs

NordFX offers competitive spreads and high leverage, but hidden fees and withdrawal delays have been reported by many users.

• Spreads:
  • From 1.2 pips on major forex pairs
  • Variable spreads for commodities and cryptocurrencies
• Commissions:
  • Zero commission on trades (fees included in spreads)
• Deposit/Withdrawal Fees:
  • No fees for deposits
  • Withdrawal fees for certain payment methods
  • Reports of slow withdrawals and hidden charges
• Inactivity Fee:
  • $10 per month after 6 months of inactivity

Educational Resources and Customer Support

While NordFX offers basic educational materials, it falls short in providing resources that can truly help advanced traders or those seeking comprehensive market analysis.

• Education:
  • Basic platform tutorials and getting started guides
  • Limited advanced trading education
• Market Analysis:
  • No dedicated market analysis or research tools
  • Basic news updates and economic calendar
• Customer Support:
  • 24/5 live chat, email support
  • Reports of slow response times
  • No phone support available

Risk Management Tools

NordFX provides basic risk management tools, but they may not be sufficient for professional traders who require more advanced features.

• Stop-loss, take-profit, and trailing stop orders
• No guaranteed stop-loss orders (GSLOs)
• No margin call alerts
• No negative balance protection

Pros and Cons

Pros

• High leverage (up to 1:1000 for forex and cryptocurrencies)
• Low minimum deposit requirement ($10)
• Wide range of instruments (forex, commodities, cryptocurrencies, and stocks)
• Supports cryptocurrency deposits
• Simple proprietary platform for beginners

Cons

• No transparency regarding fees or operations
• Hidden fees and slow withdrawal processing
• No investor protection or compensation scheme
• Limited educational resources for advanced traders
• Poor customer support

Conclusion: Is NordFX the Right Choice?

NordFX is a high-risk broker and should be avoided by serious traders. While it offers high leverage and a low minimum deposit, the lack of tier 1 regulation, slow withdrawals, and poor customer support make it unsuitable for anyone seeking a secure and transparent trading environment. Traders should consider regulated brokers such as AvaTrade, Pepperstone, or IC Markets, which offer better security, transparency, and investor protection.