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Min Deposit: $0
Min Trade Amount: 0.01 Lots
US Clients:
Leverage: 1:500
Free Demo Account:
Trading Platform: ZuluTrade and Currensee
Types of assets: 21 Currency Pairs
Payment METHOD NAME Charge Time

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Full Review

About NordFX

Nord FX is a forex brokerage firm that operates out of Port Louis, Mauritius. Nord FX is not registered or regulated by any known regulatory body. NordFX operates a market maker and an ECN model of operations. The company started its brokerage operations in 2008. The brand is owned by Nord Group Investment Inc. 

Offers and Promotions for New Traders:

Nord FX offers the following bonuses:

1)    There is a 25% account opening bonus for all new traders.

3)    There is also an $8 no-deposit bonus for the Welcome account holders.

Trading Platform Features

The following trading platforms are available on Nord FX:

1)    MetaTrader 4: The MT4 platform is available on NordFX and can be used on desktops, iPhones, iPads, and Android devices. There is also the MT-ECN bridge where the price quotes are delivered from the Currenex ECN platform and sent to the MT4 for the use of traders.

2)    The BlackBerrytrader is available from the Blackberry App World as a trading application unique to BB devices.

3)    Mobile SE is the Windows OS-based trading application for Windows phones.

4)    NFX Trades is the ECN professional trading platform based on the FIX Protocol and designed after the Currenex ECN platform. It provides for multiple price quotes, faster executions and reduced transaction costs.

5)    MT4 Multiterminal for account managers, facilitates the trading of multiple MT4 accounts with a single-click execution model.

Account Types and Information

Nord FX operates 6 account types to suit the varying needs of its diverse clientele. The account types are as follows:

a)    Welcome Account: This is the starting point and is the type of account reserved for those traders who want to have a feel of the trading process on Nord FX before committing major money into the forex venture. This is a no-deposit account in which the trader is credited with $8 as soon as account opening and verification is complete. All profits made can be withdrawn at any time.

b)    Micro Account: The micro account is for those traders making the transition to more serious trading activity. It comes with a $5 minimum deposit. Minimum trading lot is 0.01 lots.

c)     Standard Account: This requires a minimum deposit of $50, with a minimum trade size of 0.1 lots.

d)    MT-ECN Account: With a $1000 minimum deposit and a 5-digit pricing system, this platform is the MT4-ECN currency bridge trading system in which quotes are delivered from the Currenex ECN system to the MT4 platform.

e)    Integral Account: Minimum trading lot here is 0.1 lots. An integral account requires a minimum deposit of $20,000. The trading process on an Integral account is based on the FIX Protocol, allowing for a full-fledged ECN trading model to be established on this account type.

f)     Premium Account: This is a VIP account which requires a minimum deposit of $50,000. It runs on the ECN model and requires special application to join.

g)    Currensee: With a minimum trade size of 0.01 lots and as little as $1000, Currensee is a social trading account in which trades are executed automatically from the Trade Leaders.

h)    ZuluTrade Account: This is a $50-minimum deposit autotrading account plugged into the Zulutrade autotrading network.

Special Features

One of the special features available on Nord FX is the availability of the Virtual Private Server (VPS). This enables traders to put their expert advisors to work to trade on their accounts from the VPS 24/5. 

Another special feature on Nord FX is the ability of traders to practice position hedging, a practice not allowed on many platforms.

The social trading network, which is a partnership between Nord FX and Currensee, was launched in June 2013 to allow traders without the time or experience to trade forex, participate in the market by following carefully selected active traders, who will serve as the Trade Leaders from whom trades will be executed automatically.

Deposits and Withdrawals

There are several means by which deposits and withdrawals can be made on Nord FX. These are:

a)    Bank wire

b)    E-payment models e.g. Skrill, WebMoney and Alertpay.

c)     Neteller

d)    PayWeb

The minimum deposit will depend on the type of account, and starts from $0 (welcome account) to $5 for micro accounts, $50 for standard accounts, $1000 for the MT-ECN accounts, and as much as $50,000 for the Premium account. There are no maximum deposit limits on any account types. 

The minimum withdrawal limit for the Welcome and Micro accounts is $8. There are no minimum withdrawal limits for the other account types on Nord FX. 

Customer Support

Customer support on Nord FX is via the online contact Form and the Live Chat facility. Telephone support also exists for traders from Russia, Egypt, India and China.