Despite its young age (2008 – year of establishment), NordFX, a division of Nord Group Investments Inc., an investment financial company, is well known globally, including in the post-soviet space. During this short period of time NordFX managed to be nominated the Best Foreign Currency Broker, the Best Platform for Retail Trading in Foreign Currencies, the Best Foreign Currency Trading Expert etc. This is the broker that real pros of the forex market trading and absolute newcomers who are only starting to master the ins and outs of trading in the international forex market cooperate with.
NordFX has many features appealing for the trader, including an abundance of accounts the broker offers to its partners. Choosing the account is entirely up to the trader who should take into consideration his or her experience, available capital and the trading platform they use.
It best suited for beginner traders who are still preparing for real money: the minimum deposit – $5, the minimum lot – 0.01, leverage – 1:500, 21 currency pairs.
Intended for people who want to find out how the broker works. Similar to the Micro account. However, $8 is credited to the trader's account straight away. Margin Call/Stop Out – 40%/20%.
The name speaks for itself. The minimum deposit – $50, the minimum lot – 0.1, leverage – 1:200, 44 currency pairs plus gold and silver, Margin Call/Stop Out – 40%/20%.
Intended for trading through MetaTrader 5 (NordFX offers its traders as many as four different platforms). Terms and conditions are mainly similar to those in the Standard account.
For VIP partners. The minimum deposit – $50,000 plus custom services and lower spreads for currency pairs.
Suitable for experienced traders and helps to minimize costs. Operates in MetaTrader 4 with prices streamed directly from ECN Currenex, without any adjustments. The minimum deposit – $1,000, the dynamic spread – from 0 pips, the maximum lot – 20 (with an increment of 0.1).
For hugely experienced pros who can work through NFX Trades or by using the FIX protocol. The minimum deposit – $20,000, the dynamic spread – from 0 pips, the maximum lot – unlimited.
For those accustomed to trading through the globally acclaimed CQG Trader platform. The minimum deposit – $50,000.
Late last year NordFX offered its traders another account type:
NordFX was able to introduce this account through close cooperation with ZuluTrade, a major automated trading developer in the international forex market. By using the ZuluTrade account, the trader can trade both manually and automatically. This account is characterized by the following features:
• Minimum deposit — $50 (or €50).
• Leverage – 1:200;
• 44 currency pairs, gold and silver.
• Minimum lot – 0.01.
• Maximum lot – 50, increment – 0.01.
• Spreads – from 1 pip;
• Maximum volume of open trades — unlimited.
• Number of open trades and pending orders – unlimited.
• Margin Call / Stop Out – 40% / 20%.
• No Trailing Stop support.
• Automated trading based on laws of logic and rules out emotion.
• A wide selection of signal providers.
• Exclusive signal provider rating system.
• Trading any time of day and night (even if the PC is off).
• Full control of the account.
A fee is charged from this account for using the ZuluTrade system (further details of amounts are available at the broker's official web site, www.nordfx.com).
Regardless of the account type that the trader chooses at NordFX, it is easy and fast to open as you don't have to prepare a pile of papers and send them by mail. Just fill out a short form on the broker's web site. Accounts can be funded online through such electronic payment systems as Webmoney, Liberty Reserve, Moneybookers etc. When transferred, funds become immediately available in the trader's trading account.
Most FX traders have been trading currencies through MetaTrader 4 for many years. Indeed, this has been the most popular FX trading software, the industry’s standard so to say. There is no denying the fact that this piece of trading software is convenient, multifunctional, and makes it possible to use custom trading robots written in MQL4.
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