The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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 EU
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
The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
Current Status:Offshore Regulatory
License Type:Retail Forex License
Regulated in Country/AreaVanuatu
Regulatory License No.：Unreleased
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Licensed Institution Certified Documents :NordFX VFSC监管截图更新20190808 View Certified Documents
Most visited countries/areas
The data are from WIKI Research 2021.04.15 updated
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Basic Information & Regulators of NordFX
NordFX is an international brokerage firm with over 10 years of experience in the financial markets and has received over 50 prestigious professional awards since 2008. To date, NordFX has over 1.5 million customer accounts in 190 countries worldwide and is currently regulated by the Cyprus Securities and Exchange Commission (Regulation No. 209/13) and the Vanuatu Financial Services Commission offshore.
Safety Analysis of NordFX
NordFX currently only holds a regulatory license from CySEC in Cyprus, its Vanuatu VFSC license has no regulatory effect, and the leverage set by NordFX is high and should be used with caution by investors. Additionally, NordFX Nord has high deposit and withdrawal fees compared to other forex brokers, so investors should take careful consideration when choosing NordFX.
Investors can trade 33 foreign exchange currencies, gold, silver, cryptocurrencies, crude oil, major corporate stocks, and major stock indices (NASDAQ, Dow Jones, Nikkei, etc.) through NordFX.
Leverage & Account of NordFX
To meet different investors' investment needs and trading experience, Nord FX offers three account types, mainly Fix Accounts (minimum deposit of $10), Pro Accounts(minimum deposit of $250), and Zero Accounts (minimum deposit of $500). All accounts have maximum trading leverage of 1:1000.
Spreads & Commission Fees of NordFX
Nord FX's fix spread accounts start from 2 pips with no commission on FX currency pairs, silver and gold trades, and floating spreads on cryptocurrencies with a minimum spread of 1 pip and a commission of 0.09% of each trade. Pro accounts are available with floating spreads from a minimum of 0.9 pips, no commission on FX pairs, silver, and gold, and floating spreads on cryptocurrencies from a minimum of 1 pip and 0.09% commission on each trade. Commissions are 0.0035% per trade (once for opening and once for closing positions) for FX pairs, gold and silver on zero spread accounts, and 0.09% per trade for cryptocurrencies on floating spreads with minimum spreads from 1 pip.
Trading Platform Applied of NordFX
NordFX offers traders the industry-leading trading platform MetaTrader 4 for desktop, Apple mobile, tablet, Android mobile, and the MT4 multi-account client to meet a wide range of traders' needs and increase their trading flexibility. Various indicators, scripts, and EA trading systems make it the ideal online forex trading platform.
Deposit & Withdrawal of NordFX
NordFX offers traders a wide range of convenient and secure deposit and withdrawal methods, mainly bank wire (for EUR, USD, commission charged by the bank), VISA, MasterCard credit cards (for EUR, USD, no deposit commission), WebMoney (for EUR, USD, 0.8% commission charged for deposits up to $50), and Skrill & NETELLER (no deposit fees), NETELLER VISA/Maestro bank cards ( for USD, 1.75% - 4.95% commission on deposits), Perfect Money (for EUR, USD, 0.5% for Premium accounts, 0.5% for certified accounts, 1.99% for uncertified accounts), Dragonpay (for PHP, no deposit commission). Withdrawals via UnionPay are subject to a 2% fee (minimum RMB30 fee). Withdrawals via VISA, MasterCard are subject to a 4% + $7.50 fee on the amount withdrawn. Withdrawals via WebMoney are subject to a 0.8% fee (maximum $50 fee). Withdrawals via Skrill are subject to a 1% fee, and withdrawals via Perfect Money are subject to a 0.5% fee.
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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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