Have you been scammed by NordFX and looking for how to get your money back? Any referrals to 3rd parties may have computational rewards. Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. If you have lost money with NordFx, don’t panic. You are not the first and you likely won’t be the last. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity.
- However, the company does not have FCA regulations.
- Dear customer, ensuring the security of your funds is our top priority.
- Usually, these countries are haven for the scam brokers.
- Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
Now I am able to access international forex market distantly with reliable Forex Broker NordFx. What I like most about NordFX is the copy trading platform NordFX developed. It is simple, user-friendly, and NordFX provides all the necessary information to make informed investments. All information about the trading conditions is found clearly on the company’s website, and trading times are listed clearly within the MT4 platform. I like the overall regulatory environment of the Vanuatu Financial Services Commission. IN addition, NordFX has 13+ years of experience, and I consider it a trustworthy and secure broker.
Nordfx Platform, Tools, and Trading Education Resources
The first step to https://forexhero.info/tecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. Instead look for regulated and reputable brokers who can really help in growing your investments.
The main types of accounts offered by the broker include Fix, Pro, Zero, and Savings accounts. NordFX broker is operating within the EEA zone according to CySEC regulation. As a CIF, it can provide services in third countries if it complies with its trading regime. Based on this, the broker is legally operating in Belarus, Belize, Kazakhstan, Thailand, UAE, Ukraine, and Vanuatu.
- Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
- For Pro NordFX accounts, the spreads start at 0.9 pips, and you won’t incur a commission fee, just like the Fix account.
- The latter shows a minimum of 0.0 pips for a commission of $7.00, but the average mark-up is 0.3 pips, increasing costs to $10.00 per lot.
- For Pro accounts, the minimum spread for gold starts at 0.8 and can go above 2.9.
- In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.
This helps keep you updated on the current market trends and important market events. With MetaTrader 4, traders are given the option to customize their charts with their desired indicators and ideal timeframe. The MT4 platform also allows you to create personalized indicators and scripts to trade manually or automatically.
NordFX Scam Broker Complaint | NordFX Review
If this happens, inform limefx right away, and we will guide what steps to take next. The Vanuatu Financial Services Commission is in charge of regulating NordFX. NordFX is also a member of the Financial Commission, which is an independent group that helps its members and their clients settle disputes. The broker also provides various instructional tools, including webinars, trading manuals, and market analysis to assist its clients in honing their trading skills. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with NordFx.
Only stocks from the United States of America and Europe are tradeable with NordFX’s platform. You will find some of the most popular stocks as CFDs, including Tesla, Netflix, Twitter, Uber, Apple, McDonald’s, eBay, Coca-Cola, and many more. Yes, the broker is regulated by CySEC and VFSC yet blacklisted by CMVM.
NordFX does not charge a commission for depositing funds. However, if your chosen payment method has a fee, you must shoulder that. The available online payment systems are WebMoney, Skrill, NETELLER, NETELLER CARDS , and Perfect Money. The currencies for these are USD and EUR, except for NETELLER and NETELLER cards. The only available currency for that mode of funding is USD.
Learn to trade with NordFX
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based NordFX account. Here is a screenshot of the NordFX MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Traders may choose between a more expensive commission-free Forex account or a competitively priced commission-based alternative. The former starts with spreads from 0.9 pips or $9.00 per 1.0 standard lot. The latter shows a minimum of 0.0 pips for a commission of $7.00, but the average mark-up is 0.3 pips, increasing costs to $10.00 per lot.
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We don’t recommend to trade with them and if you are trading with NordFX contact them immediately and try to get your fund out. If the NordFX has done the following, you have probably a victim of NordFX scam broker. All funds in your account are completely safe and ready for withdrawal. To do this, you only need to provide the requested documents.
NordFx is Trustworthy Broker
As an extra precautionary step, I would like to see a third-party insurance policy covering client deposits or membership with the Hong Kong-based Financial Commission. I registered an partner link, began to advertise this broker. NordFx executes fast automatic deposit and withdrawal in USDT. This broker NordFx has 100% Gurantee that if I make money I will be given withdrawals. Joined last month after which I made 5 withdrawals and got on time.
NordFX is an online forex broker founded in 2008. NordFX offers access to trading in below assets on MetaTrader 4. With such lack of information and being unregulated, funds are not safe. Security of funds is a huge problem with brokers. A red flag that we noticed is that they are withholding vital information to users.
It’s important to note that all the accounts you plan to use are on the same server. Choosing the best broker to invest your time and hard-earned money in requires so much attention to detail. Some of the critical questions you need to ask are “Is this broker safe and secure? ”, “Do they have all the assets and tools I need? People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Nord FX Review
Usually, these countries are haven for the scam brokers. However, there are regulatory warnings against this broker and many bad reviews. The company is based in Cyprus and regulated by CySEC. Besides this entity, the company also has entities in Vanuatu and Scotland, UK. In Vanuatu, it is operating under the name NFX Capital VU Inc and has VFSC regulation. In the UK the company is registered under the name NFX Capital VU LP, as a branch of the Vanuatu company.
You are surely an executive competitor forex brokerage company who is not able to find space in indian market. And being an affiliate member of NordFx I know that that there is no such broker called Indian NordFx. So these unethical tricks and fake statements will not help you to find space in indian market. And its a fact that NordFx is an old offshore broker and not an Indian company. The broker provides its clients with additional tools for market analysis in the form of analytical information, trading signals that help traders to be more confident and earn more.
Please note that a photo of the card with a partially covered number and without CVV cannot compromise its security. NordFX does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform.
I got scared, decided to take the money, received it the next day. Then it turned out that there were no problems, they simply removed the russian language from the website. I got the money back and it was on time, I managed to get a good start on bitcoin. Last week I took my profit out to fiat, again without any problems. Although I will not argue, probably, someone has problems, the reasons are different. At Global Assets Refund, we have fund recovery experts who can assist you in reclaiming your lost money from crypto scams, forex scams, or legal disputes.
Before opening an account with any broker, for sure it will cross your mind. To help you resolve this dilemma, read our in-depth NordFX review. However, this doesn’t mean that this broker does not perform well.
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The platform may restore a negative balance on one of the customers’ accounts at the expense of the funds available on the other account. With several different entities and one regulatory warning, we are not surprised to see that clients are experiencing withdrawal issues with NordFX. According to some NordFX reviews we’ve seen, the broker also has an operation in India, besides Cyprus and Vanuatu. Some of the clients also reported Mauritius as a location they heard from NordFX broker’s employees.