From the first minutes of acquaintance with NordFX , a Russian-speaking user will be disappointed. The reason is banal: the site has been translated into several languages, but the one spoken by people in Russia was not considered as important and significant. Yes, there is an English version of the NordFX official website. It simplifies the understanding of information for those who know this foreign language.
NordFX is not the best broker in the world!
It is unrealistic to meet all traders’ requests, which is why we read not always good reviews about NordFX on the Internet. If this were possible, then many would choose the maximum benefits and minimum responsibility. But financial markets involve the interaction of many participants. It is necessary to follow the rules that will simultaneously suit all parties to the process.
It is important to note that the broker has managed, in a sense, to reach a compromise between two strong desires: to make money on its own, and to provide the opportunity to generate profits for clients.
Here’s what the firm offers:
- Possibility to copy trades at NordFX. This item has been included in the list of the main advantages for the reason that newbie traders really want to make money in the financial markets, but do not yet know exactly how to do it. There is another category of NordFX clients. They have sufficient capital, but absolutely no time for financial activities. Such people are ready to entrust money to professionals so that they create income for a certain amount of remuneration. You can always become the second side of the process if you have extensive experience in electronic platforms and have learned how to create money from fluctuations in exchange rates or in the process of investing in stocks.
- PAMM account and trust management service. </ li>
- The company offers partners commissions up to 50%, with no hidden fees. It is promised that NordFX withdraws funds quickly, and the income may well be stable.
The values for the minimum deposit on different accounts correspond to: 10, 250 and 500 US dollars. Spreads are tight, from zero. Leverage reaches 1: 1000, according to the maximum value. The accuracy of quotes is 4 or 5 decimal places. Trading instruments offered – currency pairs, metals, oil, indices, cryptocurrency . The lot volume starts from 0.01.
Is it true that the broker is a deceiver?
The direction of education is focused on the Forex market. The glossary provides a detailed explanation of terms. You can study the provided market analysis, read the latest news. The economic calendar will allow you to plan in advance for making a profit. Trading signals are a way to trade without going into the intricacies of the process. VPS is a service for connecting to a virtual private server for smooth operation in the financial markets. A significant simplification of trading calculations occurs due to the use of the trader’s calculator.
It is emphasized that the company operates on the ECN model. But doubts arise: is it possible that NordFX is a scam? After all, many brokers claim that they bring clients’ transactions to the interbank market, but in practice they misappropriate user deposits. Quotes to the terminal are also rarely received from liquidity providers: an intermediary can manipulate prices by “drawing” what is beneficial to him.
It is said that legally, the firm was founded in 2008. Regulators – VFSC and CySEC. Since we are dealing with a group of companies, their geographic location is different: Limassol, Vanuatu, Scotland. But if you study negative reviews about NordFX, you can get some pretty interesting information.
For example, a client called marina writes about a bad experience in an affiliate program. She did not make money because the broker felt that she was in breach of internal regulations. The officially announced reason is the use of trading approaches aimed at extracting the maximum profit.
The broker’s response is shocking. Now you may well think that NordFX is a scammer! Perhaps there are traders on the planet who are willing to voluntarily give up some share of the profit in favor of a broker? Unlikely. After all, people come to financial markets to generate maximum income. And just guessing where the quotes will go is possible without risks, on a demo account.
