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Unfortunately scammers increasingly also use SSL certificates so it is no guarantee that you are visiting a reliable website. Also, if you are not coming https://forexhero.info/ from the EEA zone, you are falling under the Vanuatu entity. This entity is offshore, and the reason for a broker to go offshore is obvious.

• Withdrawals must normally be made back to the same funding source used for the deposit, according to money laundering regulations.
• NordFX’s Fix account is ideal for both new traders who are new to the foreign exchange market and experienced traders who are already familiar with forex.
• For the company’s clients, there is round-the-clock technical support available in several languages.
• Please note that a photo of the card with a partially covered number and without CVV cannot compromise its security.
• For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation.
• All information about the trading conditions is found clearly on the company’s website, and trading times are listed clearly within the MT4 platform.

Silver spreads range from 1.2 and can even go higher than 1.6. Trading metals with a Zero account typically gives you zero spreads, but it could reach 0.2 up to 0.3. Market Analysis, Trading Signals, an Economic Calendar, a Trader’s Calculator, and a Currency Converter are among the market research tools available on the platform. The market analysis area is extensive and includes many future news and events each week.

NordFX Scam Broker Complaint NordFX Review

There is no certainty in the contact information available. As an extra precautionary step, I would like to see a third-party insurance policy covering client deposits or membership with the Hong Kong-based Financial Commission. I registered an partner link, began to advertise this broker. NordFx executes fast automatic deposit and withdrawal in USDT.

NordFX is one of the few brokers that offers PAMM accounts. If you have a working strategy, but no capital, then you can open a PAMM account as a manager and attract investors, showing good profitability. If you have the funds, but there is no strategy or time for trading, then you can become an investor by choosing the best PAMM accounts from the rating. The brokerage platform does not charge commission on the great majority of trades, which is a benefit of using this platform. NordFX is an international Forex broker founded in 2008 and located in the Republic of Vanuatu, whose activities are regulated by the Vanuatu Financial Services Commission (VFSC). For more than 10 years of experience, the company has received more than 50 awards.

The amount you deposited will reflect on your account within three to five business days. For a forex-specializing broker, NordFX offers quite a bit of cryptocurrency for their clients to trade. Below, you will find all 11 tradeable crypto pairs along with their margin per lot, minimum lot size, and maximum lot size. For Pro NordFX accounts, the spreads start at 0.9 pips, and you won’t incur a commission fee, just like the Fix account. Lastly, for Zero accounts, the pip difference starts at 0.0.

Please go through this article on how we conduct our broker reviews. To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY.

NordFX Review: Could This Broker Scam You?

Vanuatu has no mandatory compensation fund, while companies only need $50,000 as a security deposit. Furthermore, there’s no leverage limit, meaning you can lose your funds quickly if you are not careful enough. NordFX is a brand of NFX Capital VU Inc., registered in 2008 in Vanuatu. Not long ago, the brand was operating as NFX Capital Cy Ltd, registered in Cyprus, under the CySEC umbrella.

You will find topics specifically for beginners and advanced traders. Their mobile application allows clients to execute trades on the go. However, it has all the essential features and tools that you need to trade the assets that NordFX offers. If you experience any withdrawals or other issues, we may be able to assist you with this matter.

You are also given the option to register using your Google+, Facebook, or Twitter social media accounts. NordFX occasionally uploads essential and valuable articles that cover everything involved in the trading scene. Their topics range from forex trading robots to discussing trend indicators.

Our NordFX Review

Note that the account balance is kept in crypto, more specifically USDT, DAI, or USDC. NordFX is a trading intermediary registered in Vanuatu, operating under a VFSC license. The firm has abandoned its CySEC regulation, implying it can no longer operate in Europe.

Active customer support assists in determining more trust in the company. NordFX has a currency converter tool that allows traders to easily convert limefx any currency to another. Simply which currency you want to convert and which currency you want to convert it to and hit the convert button.

Traders can trade Bitcoin, Ethereum, Litecoin, Ripple, etc. The commission for crypto trading is 0.09% per side and the server is open 24/7. NordFX made an effort to provide choices from four different types of accounts. As we know, it is difficult to trade equity CFDs and Forex from the same trading account.

The broker’s operating activities are carried out by the requirements of CySEC, FSC, IFSC, and SEBI. NordFX provides its clients with three types of live trading accounts and a demo account for beginners to gain experience in trading. The three types of accounts are the NordFX Fix account, NordFX Pro account, and NordFX Zero account. The minimum deposit to trade from the NordFX Fix account is 10 dollars; through the NordFX Pro account is 250 dollars, and through the NordFX Zero account is 500 dollars. Through NordFX’s numerous payment method options, clients are given the convenience of transferring their funds into their trading accounts with ease.

Traders may choose between a more expensive commission-free Forex account or a competitively priced commission-based alternative. The former starts with spreads from 0.9 pips or $9.00 per 1.0 standard lot. The latter shows a minimum of 0.0 pips for a commission of $7.00, but the average mark-up is 0.3 pips, increasing costs to $10.00 per lot. The main types of accounts offered by the broker include Fix, Pro, Zero, and Savings accounts. NordFX broker is operating within the EEA zone according to CySEC regulation.

You won’t be charged a fee when you deposit via Ngan Luong and Dragonpay. NordFX, however, will charge you a commission for a deposit of 4% when you use PayToday. With NordFX, clients can trade two of the most precious metals. Spreads for this asset class also depend on your account type. For Pro accounts, the minimum spread for gold starts at 0.8 and can go above 2.9.

At Global Assets Refund, we have fund recovery experts who can assist you in reclaiming your lost money from crypto scams, forex scams, or legal disputes. Please note that a photo of the card with a partially covered number and without CVV cannot compromise its security. Brokerage organization NordFX provides the following features. For a better experience, please enable JavaScript in your browser before proceeding. If NordFX is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others. NordFX allows you to contact them through telephone contact and email.

It also provides market execution and requires 40% stop-outs. NordFX also provides research tools like an economic calendar, trading calculator, and live market analysis. There is a learning centre with enormous educational videos on trading strategies for beginners and advanced traders. Newbie traders are recommended to test their skills using a demo account on NordFX before they decide to commit to a live account. Here, you will be given a virtual balance of $10,000, and you can use this to practice your trading strategies. You can also take your time and familiarize yourself with the tools and features of their platform on their free demo account.

You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations.

The broker claims that its e-wallet deposits and withdrawals are instant, whereas bank transfers can take 3-5 working days. However, due to its unregulated nature, there are no strict guarantees on payment procedures. Providing access to interbank liquidity, it is designed for a wide range of traders who value the opportunity to make transactions with minimal costs. For trading, in addition to classic currency pairs and metals, cryptocurrencies are available.

Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. The website supports a lot of languages from Asian countries (Vietnamese, Chinese, Malay, Indonesian, and Thai). They also provide contact phone numbers in China, India, Sri Lanka, and Thailand, which means the broker is targeting people from the mentioned regions.

NordFX broker does not have the best reputation amongst its clients. We noticed many NordFX reviews where clients complained that they cannot withdraw funds from this broker. Before choosing a broker, we recommend that you read the reviews of NordFX, as well as see our rating of Forex brokers. Clients can predict profits using the trader’s calculator, and the economic calendar will always keep abreast of the latest financial news and understand the market situation. The best approach to reach customer support is via live chat, e-mail, or web form fill-outs. It also offers phone support in English, Bengali, Hindi, Sinhalese, Chinese, Thai.

However, you will be charged a commission fee of 0.0035% per trade. The leverage for trading this asset class depends on the leverage you selected for your account type. Now I am able to access international forex market distantly with reliable Forex Broker NordFx. What I like most about NordFX is the copy trading platform NordFX developed. It is simple, user-friendly, and NordFX provides all the necessary information to make informed investments. All information about the trading conditions is found clearly on the company’s website, and trading times are listed clearly within the MT4 platform.

While it can be beneficial to test your trading skills, you must keep in mind that risks are not the same. To open this account, you must also provide your information, including your name, email, and phone number, exposing yourself to the broker’s constant calls. FXreviews accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. Fund safety is also not guaranteed as the broker is completely new in the market, and there is no proper information on its official website.

This entry was posted on Wednesday, January 25th, 2023 at 19:02 and is filed under Allgemein. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.