NordFX in India: FX Trading with a Regulated Broker

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NordFX is ideal for scalpers who require the most liquid assets with tight spreads. High-frequency traders can also benefit from the trading environment at NordFX, as long as they deploy a focused trading strategy. Offshore Forex companies are pretty much common in the industry. Sometimes, traders are hesitant towards offshore brokers, but some of them who took the risk were pleasantly surprised by the service and professionalism of such brokers. NordFX is situated in Cyprus, which counts as both, an offshore destination, and a major Forex center.

NordFX Review – Deposit as Little As $5 And Start Trading

The time might not have been the most convenient since the global financial crisis hit the world in that year, but our NordFX broker has overcome the obstacles and remained in the business until today. As we said, the broker also offers its services from Mauritius under the instructions provided by the Financial Services Commission in Mauritius. Still, many traders rather rely on the CySEC license the broker has, since in Mauritius, the Financial Commission has not so much power and cannot keep the brokers under control due to legal loopholes.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. MetaTrader 4 Mobile is the mobile version of the MetaTrader 4 trade terminal, allows you to control your trade account via PDA. MetaTrader 4 Mobile provides instant access to quotes and news in real-time. Using wide range of technical indicators and graphs, you can complete valuable technical analysis right from your phone.

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. The fix account is an account for traders that exposes them to a wide range of trading instruments such as currency pairs, gold, and cryptocurrencies. NordFX is an international brokerage company with more than 10 years of experience in the financial market. Since 2008, the company has won more than 50 prestigious professional awards. Today, customers from nearly 190 countries/regions have opened more than 1,500,000 accounts in NordFX.

They must also select the desired account type and leverage, plus the account base currency. Traders may use their Google, Facebook, or Twitter accounts to complete this step. Complementing copy trading is the PAMM service available at NordFX, catering to traditional retail account management under the NordFX umbrella. Completing the asset management focus at NordFX are five investment funds this broker manages. The minimum deposit requirements range between $500 and $2,000 with an investment timeframe from three months to one year.

I appreciate that NordFX created its proprietary copy trading platform, maintains traditional PAMM accounts, and manages five investment funds. It also provides in-depth analytics and has a trading signal service, a solid affiliate program, and 24/5 customer support. Scalpers will benefit from tight spreads and fast order execution, and beginner traders have access to an educational section. Established in 2008, NordFX provides customers from over 100 countries with platforms and services for trading Forex, precious metals and cryptocurrencies. NordFX is a licensed and regulated broker, provides the most up-to-date software and advantageous trading conditions for newcomers and professional traders. NordFX consistently meets the strictest standards of financial stability and upholds a transparent and effective structure for proper and secure handling of client funds.

Due to its regulations by CySEC, they are unable to accept clients from some countries including the USA. If you are in the USA, then trading with an unregulated or US based broker would be your best options, like Hugoswayfor instance. The only limitation might be the minimum deposit, but the Fix account can be a great alternative for traders starting off with less money. This is a very efficient dealer that is bound to grow in leaps and bounds due to its professionalism and also good customer services in tendering the best products for its clients. This is a trader I would strongly recommend one to check out if interested in forex trading. Nord FX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.

It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. NordFX Director Abhishek Ranjan is a big scammer.He is running Scam broker company.He is greedy to make money. The biggest plus working with NordFx is that I get my withdrawals within 3-4 hours in LKR currency. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings.

Deposit And Withdrawal Methods

MetaTrader 4 Mobile puts high-level financial transactions in your complete control. MetaTrader Mobile comes with integrated support of OS Microsoft Pocket PC 2002 and later versions. At your service there is a large set of indicators and graphic instruments that help to carry out technical analysis in a real time mode and on its basis perform trade operations. Placing buy and sell orders takes only several seconds and large set of orders helps to apply efficiently any market strategy. Embedded indicators implement better comprehension of rate movement when carrying out technical analysis. Using MetaQuotes Language 4 language helps to apply wide range of indicators as well as create and test own indicators for successful trading.

• Accepting over 18 payment methods, NordFx is definitely at the top of the list regarding banking options.
• Overall, Nord Fx seems to offer a great range of accounts for all types of traders.
• MetaTrader 4 has been designed for making transactions and carrying out technical analysis in a real time mode, when working in FOREX, CFD, Futures financial markets.
• This broker offers a long list of deposit and withdrawal methods.
• Your Nord FX cashback is reported in real-time in your dashboard and the cashback is usually released a few days after the end of the month which is when we collect your cashback from Nord FX.

If you should sign up with this broker, do not skip to download the NordFX mobile app which allows you instant access to the market. The mobile app is as powerful as the desktop version, as long as you have a decent Internet connection. I like the trading environment at NordFX for scalpers and high-frequency traders requiring few assets. The trading costs and execution speed remain competitive, and a volume-based discount program is available. I also appreciate NordFX for focusing on asset management, where it manages five internal funds, offers traditional PAMM accounts, and deploys its proprietary copy trading platform.

The easiest platform to trade

As I said earlier, Nord Fx offers 3 main account types, including Fix, Pro and Zero. Should everything be in order, your account may be ready in a couple of days, the time when you should fund your account via Credit Cards, eWallets, or Bank Transfers. However, if Forex transactions are carried out through a designated Forex trading platform and the base currency is INR , the transaction is legal. In short, the Indian government restricts the transactions of Indian residents and can only trade currency pairs based on Rupee. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. All in all, NordFX is a good choice for either new or experienced investors, offering easy access to a wide range of financial instruments.

Nord FX offers Islamic swap-free trading on 1 trading account level, Zero Swap-free account. Nord FX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. NordFX offers three account types catering to different markets, ranging from beginners to professional investors. These include 33 currency pairs, 11 cryptocurrency pairs, gold, silver, and a variety of commodities. Unlike many other brokers, NordFX also offers managed investment services. Being a File Transfer Protocol FIX API is an international standard for data exchange between FX exchange members in a real time.

NordFX.com Review

An impressive number of different order types and execution options optimizes the overall trading process depending on personal preferences of a trader. NordFX offers bank wires, credit/debit cards, WebMoney, Skrill, Neteller, Perfect Money, Ngan Luong, PayToday, Dragonpay, QIWI, and Z-Payment. All traders will find a suitable payment method, but I am missing cryptocurrencies, especially since NordFX grants Bitcoin and Ethereum as account base currencies. The minimum deposit for the NordFX Fix Account is $10 or a currency equivalent. The conditions to open the Zero account remain high, but I believe the trading conditions are worth the deposit. It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective.

• If you find the limited tools of MT4 an issue when doing chart analysis, you can always use additional tools for charting such as Tradingview, which is what I personally do.
• Nord FX offers Islamic swap-free trading on 1 trading account level, Zero Swap-free account.
• Being the primary broker, NordFX is pleased to offer to customers the direct access to the global liquidity of Integral.
• To this end, we have developed specific procedures to prevent attempts at fraud and financial manipulation .
• The broker’s history is not that long since the broker had joined the online Forex trading business in 2008.

NordFX Brokerage company has summed up the performance of its clients trade transactions in March 2023. The Learning Center at NordFX features dozens of ultra-short videos from third-party providers. I find them enough to touch the topics beginner traders should research. NordFX also features over a dozen articles, where new traders get quality written content. NordFX also supports algorithmic traders with VPS hosting provided by Fozzy, but it costs $13.95 monthly. I would like to see a free offer for high-frequency traders.

Promotions

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. NordFX offers a positive swap on EUR/USD short positions, meaning traders get paid money. Here is a screenshot of the NordFX MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

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TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.

Refer a friend https://forexhero.info/ that guarantees you 10% of the referred friend’s deposit. 55% bonus on deposit where you are guaranteed a bonus when you deposit from $100-$8000. Provides a lot of useful graphical and statistical data for efficient analysis. Utilizes many types of orders allowing for many trading strategies.

I like the overall regulatory environment of the Vanuatu Financial Services Commission. IN addition, NordFX has 13+ years of experience, and I consider it a trustworthy and secure broker. 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.

ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Per FPA policy, the rating on this review has been set to Zero stars. Reply by Stan NordFX submitted Mar 12, 2020 Dear Client, the funds requested by you were transferred to you on March 11, 2020 in full. This website is owned and operated by Nord Group Investment inc, a company incorporated under the laws of Mauritius, with registered office 113, Medine Mews, La Rue Chaussee, Port Louis, Mauritius.

Account verification remains a mandatory final step, and most traders will pass it after sending a copy of their ID and one proof of residency document. Learn how to profit not only on the growth, but also on the fall of bitcoin and other cryptocurrencies. Determine significant support and resistance levels with the help of pivot points. Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.

ForexPeaceArmyhas over 165 reviews with an average rating of 3.4/5 stars. There are no commission fees for account finding, aside from any that you may be subject to from your bank should you use a bank transfer to deposit or withdraw. There is also a small commission of 0.8% if you choose to use WebMoney, but never more than $50.

Established in 2008, NordFX provides clients from over 100 countries with platforms and services for trading forex and other online trading products. Traders get quality weekly market reviews from NordFX, which I find informative and well-presented, but it would be better to get it daily. The process for setting up an account with Nord Fx is quick and painless! All you need to do is go to their website at nordfx.com, go toAccountsand choose which one you want to create by clicking‘Open Account’under that option. They will ask for details including your name, email, phone, account type, currency you wish to deposit in, and credit leverage you wish to use. Nord Fx are regulated by CySEC under the name NFX Capital under the registration number , meaning that your money is safe, and the markets won’t be manipulated.

However, if you find an FX nord fx regulated in India, you are good to go. For that matter, NordFX holds a ‘Registered Stock Broker in Currency Derivative Segment’ license issued by SEBI. So, by opening an account with NordFX, you may trade FX markets while living in India. Finding a reputable list of NordFX account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.