The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
License Type:Market Making(MM)
Regulated in Country/AreaCyprus
Regulatory License No.：209/13
Email Address of Licensed Institution :email@example.com
License Type:Sharing NORDFX
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :14, Louki Akrita Street, Ayias Zonis, CY-3030 Limassol
Phone Number of Licensed Institution :35725558111
Most visited countries/areas
The data are from WIKI Research 2021.09.27 updated
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General Information & Regulation
NordFX EU (NFX CAPITAL CY LTD) is an online broker, which is headquartered in Limassol, Cyprus, founded in 2008. NordFX EU is regulated by CySEC under license number 209/13 to provide investment and ancillary services. NordFX operate globally, with support centres in Russia, China, Thailand, India and Sri Lanka.
NordFX EU has an array of financial instruments, asset types and markets available for its users to trade. These include 33 currency pairs, 11 cryptocurrency pairs, gold, silver, and a variety of commodities Unlike many other brokers, NordFX EU also offers managed investment services.
There are four account options on offer in total: Bronze (with a minimum deposit of 250 Pounds), Silver ( with a minimum deposit of 2500 Pounds), Gold ( with a minimum deposit of 10000 Pounds), and Premium account (with a minimum deposit of 250000Pounds). Objectively speaking, the initial minimum requirement for opening an account set by the broker is a little bit high.
NordFX isnt regulated by the FCA or the within ESMA, like many other popular brokers. Therefore, the amount of leverage offered is extremely high – although it varies according to asset class, rates of up to 1:1000 are offered.
Spreads & Commissions
When it comes to spreads on this platform, things seem worse. The broker applies variable raw spread, with spread on EURUSD as high as 4 pips as shown on its website. Wide spreads means higher transaction fees.
NordFX EU is an excellent “one size fits all” trading platform – it uses the popular MetaTrader 4 platform, as do many other online brokers. Its intuitive to navigate and easy enough for those new to trading to learn how to use quickly. The options of either managed funds or automated investments are clearly accessible and require extremely little customisation to deploy.
Deposit & Withdrawal
Traders are allowed to fund their NordFX EU account through VISA, Mastercard, Neteller, Skrill and UnionPay, AstroBank, Cardpay.
The platform is available to use 24/7, although markets for different asset classes are open at a variety of times, so this will impact trading of certain instruments.
The NordFX customer support team are with 5 specific centres employing dozens of staff to help with inquiries. Traders can choose to contact NordFX through a web chat, via various social channels or over the phone.
NordFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.Traders can not use NordFX from United States.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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