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NORD FX Review

Posted By Marcus Holland On Monday, April 22nd, 2013 With 1 Comment

Introduction

Nord FX is an ECN and STP broker that started its brokerage services in 2008. Its website is owned and operated by Nord Group Inc. and it has its registered office in Port Louis, Mauritius. Nord FX is not registered or regulated by any known regulatory body.

Asset Index

The asset index for the different accounts available for trading on Nord FX is given below:

TOOL (Micro)

SPREAD (Micro)

TOOL (Standard)

Typical SPREAD (Standard)

EUR/USD

2

EUR/USD

1,6

USD/JPY

2

USD/JPY

1,6

GBP/USD

3

GBP/USD

2,2

USD/CHF

3

USD/CHF

2,7

EUR/CHF

4

EUR/CHF

2,7

AUD/USD

4

AUD/USD

2,2

USD/CAD

4

USD/CAD

3,1

NZD/USD

4

NZD/USD

3,6

EUR/GBP

4

EUR/GBP

3,1

EUR/JPY

3

EUR/JPY

3,1

GBP/JPY

6

GBP/JPY

4,5

GBP/CHF

7

GBP/CHF

6

CHF/JPY

4

CHF/JPY

3,6

EUR/CAD

8

EUR/AUD

4,5

AUD/CAD

7

EUR/CAD

4,5

AUD/JPY

5

AUD/CAD

3,6

NZD/JPY

6

AUD/JPY

3,6

GBP/CAD

10

CAD/JPY

3,1

AUD/NZD

10

NZD/JPY

4,5

AUD/CHF

7

GBP/CAD

6,

EUR/NZD

8

GBP/NZD

10

GBP/AUD

6

AUD/NZD

6

AUD/CHF

4,5

EUR/NZD

10

USD/ZAR

120

USD/SGD

6

USD/HKD

6

CAD/CHF

4,5

CHF/NOK

58

CHF/SEK

58

EUR/NOK

40

EUR/SEK

40

EUR/TRY

10

GBP/SEK

58

NOK/JPY

40

NZD/CAD

6

NZD/CHF

6

SEK/JPY

10

USD/DKK

6

USD/MXN

40

USD/NOK

40

USD/SEK

40

USD/TRY

10

XAU/USD

5

XAG/USD

4

 

Trading Platform

The platforms currently available on Nord FX are listed below:

MetaTrader 5: This is the latest version of the MetaTrader platform which is designed to enable clients to trade forex, CFDs, and futures. Its features include among others; 21 timeframe for different time period trading, ability to carry out market, request, exchange and instant executions, fully customizable interface, and live news feeds. It also offers a high execution speed for price dynamics analysis.

MetaTrader 4: This platform enables users to make transactions and carry out technical analysis in the forex, CFDs, and futures markets. It offers the possibility of trading different timeframes, creating and testing Expert Advisors, and charts, live news feed, and the ability to execute different types of market orders.

Nord FX also offers to its clients the robust features of the MetaTrader 4 platform on various mobile devices. These devices include a wide range of Smartphones, BlackBerries, iPhones, iPads, and Androids. Irrespective of the device being used, Nord FX customers have all the features of the MT4 trading platform at their disposal, from any location.

Deposits and Withdrawals

Deposits and Withdrawals can be made on Nord FX via Bank Transfer, E-payment systems like WebMoney, Skrill, Alertpay, and Liberty Reserve.

Minimum Deposit

The minimum deposit amount for micro accounts is 5 USD, for standard accounts is 50 USD, and for ECN/STP accounts is 1,000 USD.

Maximum Deposit

There is no maximum deposit limit.

Minimum Trade Size/Amount

The minimum lot size is 0.01 lot for a micro account, 0.1 lot for a standard account, and 0.1 lot for an ECN/STP account.

Maximum Trade Size/Amount

The maximum trade size for micro accounts is 10 lots with step 0.01; for standard accounts it is 50 lots with step 0.1, and for ECN accounts it is 20 lots with step 0.1.

Minimum Withdrawal Limit

There are no minimum withdrawal limits on Nord FX.

Maximum Withdrawal Limit

There is no maximum withdrawal limit.

Conditions for Deposit and Withdrawals

The condition for withdrawal is that payment will only be made to account holders on Nord FX.

Customer Support

Nord FX can be contacted through the following means:

a)         Contact Form

b)         Live Chat.

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