Overall, NordFX can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. NordFX has an overall trust score of 91 out of 99. NordFX offers leverage up to 1:1000 and customer support 24/5.
At a Glance
| 🔎Broker | Nord FX |
| Company Information | |
| 📅 Year Founded | 2008 |
| 🏛️ Headquarters | St. Lucia |
| 🧑🏻💻 Amount of Staff | 150+ |
| 👩💻 Amount of Active Traders | 1.2 million+ |
| 🌐 Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️ Regulation | Saint Lucia with Registration Number 2023-00470 |
| 🌎 Country of Regulation | Saint Lucia |
| 💻 Account Segregation | Yes |
| 🪫 Negative Balance Protection | Yes |
| 🔋 Investor Protection Schemes | Yes (only in certain jurisdictions) |
| Account Types and Features | |
| ➕ Accounts | MT4 Pro, MT4 Zero, MT5 Pro and MT5 Zero |
| 💳 Institutional Accounts | Yes |
| 👨💼 Managed Accounts | Yes (PAMM, RAMM) |
| 📇 Minor Account Currencies | USD, EUR, JPY, BTC |
| 💰 Minimum Deposit | $10 |
| Trading Conditions | |
| 🕞 Deposit/Withdrawal Processing | Instant deposits, withdrawals within 1-3 business days |
| 🪙 Fund Withdrawal Fee | Varies by method |
| 📊 Spreads From | 0.0 pips (Pro, Zero accounts) |
| 💸 Commissions | $3.50 per lot (Zero Account) |
| 💱 Number of Base Currencies | 4 (USD, EUR, BTC, ETH) |
| 🚀 Swap Fees | Yes, but swap-free available |
| 📈 Leverage | Up to 1:1000 |
| 📏 Margin Requirements | Varies based on asset and account type |
| ☪️ Islamic Account (Swap-Free) | Yes |
| 💻 Demo Account | Yes |
| ⌛ Order Execution Time | 0.5 seconds average |
| 📆 VPS Hosting | Yes |
| Trading Instruments | |
| 🧾 CFDs - Total Offered | 40+ (CFDs, Commodities, Metals, Stocks, Oil, Gold and Indices, Crypto) |
| 🗠 CFD Stock Indices | 11+ |
| ⚖️ CFD Commodities | 4 |
| 📜 CFD Shares | 100+ |
| Deposits and Withdrawals | |
| 💳 Deposit Options | Bank Transfer, Visa, MasterCard, Skrill, Neteller, Crypto |
| 💵 Withdrawal Options | Bank Transfer, Visa, MasterCard, Skrill, Neteller, Crypto |
| Trading Platforms/Tools | |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, MetaTrader Multiterminal |
| 👩💻 OS Compatibility | Windows, Mac, iOS, Android |
| 🖥️ Forex Trading Tools | Trading signals, AutoChartist, Economic Calendar, VPS |
| Customer Support | |
| 🗣️ Live Chat Availability | Yes (24/5) |
| 📱 Customer Support Email | support@nordfx.com |
| 📞 Customer Support Contact Number | +44 20 8638 6688 |
| 👾 Social Media Platforms | Facebook, Twitter, Instagram, LinkedIn |
| 🗣️ Languages Supported | English, Russian, Spanish, Chinese, Arabic, more |
| Educational Resources and Support | |
| 🖺 Forex Course | Yes (available on the website) |
| 🧏♀️ Webinars | Yes |
| 📚 Educational Resources | Videos, Tutorials, Market Analysis |
| Partnerships and Programs | |
| 🪪 Affiliate Program? | Yes |
| 👨🏫 Amount of Partners | 30,000+ |
| 📋 IB Program | Yes |
| 🚀 Sponsorship | No |
| 🪙 Rebate Program | Yes |
| 👉Open Account | Open Account |
Min Deposit
USD 10
Regulators
Saint Lucia
Trading Platform
MT4, MT5, MetaTrader Multiterminal
Crypto
Yes
Total Pairs
30+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
10 Best Forex Brokers in South Africa for 2025
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Broker
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Min Deposit
Official Site
NordFX Review – 19 key point quick overview:
- ☑️At a Glance
- ☑️Overview
- ☑️Safety and Security
- ☑️NordFX Sign-Up Bonus
- ☑️NordFX Minimum Deposit
- ☑️Demo Account
- ☑️NordFX Accounts
- ☑️Market instruments
- ☑️Fees, Spreads & Commissions
- ☑️NordFX Deposit and Withdrawal
- ☑️NordFX Trading Platforms
- ☑️Best Countries by Traders
- ☑️Current Popularity Trend
- ☑️NordFX vs Exness vs XM – a Comparison
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Disclaimer
- ☑️Frequently Asked Questions
Overview
According to research in South Africa NordFX is international forex and CFD brokerage headquartered in Vanuatu and established in 2008.
NordFX has used their many years in the business wisely, they have over 1.2 million traders and have become pioneers in the industry.
Safety and Security
One of the best benchmarks to measure the safety of a broker like NordFX, is to establish which regulating authorities are watchdogs over its actions.
NordFX is regulated by Saint Lucia with Registration Number 2023-00470.
NordFX Sign-Up Bonus
NordFX does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.
NordFX Minimum Deposit
| ⭐ Features | ℹ️ Information |
| 💰 Minimum Deposit | $10 USD / R160 ZAR |
| 📊 Average spreads from | From 0.00 pips |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:100 |
| 🔥 Bonus | none |
| ☎️ Customer support | 24/5 |
The minimum deposit amount required to register an NordFX trading account is $10. This minimum deposit is equivalent to R160 ZAR at the current exchange rate between the South African Rand & United States Dollar.
Demo Account
NordFX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The NordFX demo account does not have a specific expiry date.
NordFX Accounts
| 💠Feature | 📈 MT4 Pro | 📈 MT4 Zero | 📈 MT5 Pro | 📈MT5 Zero |
| 📊 Minimum Deposit | $10 USD /R172 ZAR | $100 USD /R1720 ZAR | $50 USD /R860 ZAR | $200 USD /R3438 ZAR |
| 📈 Spreads | from 10 pips | from 0.0 pips | from 10 pips | from 0.0 pips |
| 💵 Fees | No Commissions | 0,0035% per trade (each side) | No Commissions | 0,0035% per trade (each side) |
| 💳 Leverage | up to 1:1000 | up to 1:1000 | up to 1:1000 | up to 1:1000 |
| 👉 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
A forex account at NordFX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
How to open a NordFX account
Step 1 – Register an account
Navigate to the NordFX website home page and select the option to “Open an Account”
Step 2 – Complete the information requested and register
Traders will be redirected to a page to complete basic personal information and select the option to Open a Trading Account.
A confirmation email will be received and the account will be verified.
Step 3 – Confirmation
A confirmation email will be received and the account will be verified.
Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management.
Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
NordFX offers the following of the above:
CFDs
Commodities
Metals
Stocks
Oil
Gold
Indices
Crypto
Fees, Spreads & Commissions
Cost depends on different factors, like spread and margins, and NordFX clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. The margin is calculated based on the current price of the base currency against USD, the position’s size (volume), and the leverage applied to your trading account.
NordFX offers do not charge commission on any of the accounts except for the zero accounts that charge at 0.0045 per trade lot.
The Fix Account has spread from 2pips, the Pro Account has spread from 0.9pips, the Zero Account has spread from 0.0pips and the Crypto Account has spread from 1pip.
NordFX Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.
In the case of NordFX the following methods and minimum deposits are required:
Visa
Mastercard
Bank Transfer
Perfect Money
Pay Today
Skrill
Nord FX Trading Platforms
The forex trading platform provided by NordFX to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
NordFX provides the following trading platforms:
MetaTrader4
MetaTrader5
MetaTrader Multiterminal
NordFX Mobile App
Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇 India | 22.62% |
| 🥇 Vietnam | 11.26% |
| 🥇 Saudi Arabia | 8.66% |
| 🥇 Philippines | 6.87% |
| 🥇 Thailand | 6.21% |
| 🥇 Others | 44.37% |
NordFX vs Exness vs XM – a Comparison
| 🔎 Broker | 🥇 NordFX | 🥈 Exness | 🥉 XM |
| Established | Established in 2008 | Established in 2008 | Established in 2009 |
| 💵 Min. Deposit | $10 USD / R172 ZAR | $1 USD / R17 ZAR | $5 USD / R86 ZAR |
| 💳 Inactivity Fee | No | Yes | Yes |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 🎉 Demo Account | Yes | Yes | Yes |
| 👉 Open Account | 👉Open Account | 👉Open Account | 👉Open Account |
Customer Reviews
14 Years of Legacy in Forex Broking…
14 Years of Legacy in Forex Broking Business. NordFx is one of the prominent player in Fx Broking Industry with prompt payouts
The easiest platform to trade
The easiest platform to trade. The deposit and withdrawal are quickly procced. Good customer support as well. The staff is very professional and friendly.
I am trading for the last three years in…
I am trading for last three years in the market but so far now Nordfx is the best broker that i find. The spreads are competitive and the customer support team is best.
Pros and Cons
| ✔️ Pros | ❌ Cons |
| High leverage | High spreads on the Fix Account |
| Variety of account types | NordFX does not provide a sign-up bonus to new traders |
| Variety of trading assets | There are no other bonuses given to either new or existing traders |
| Demo account offered | There are no rewards for loyal customers |
Conclusion
NordFX can be described a well-established global broker with a proven track record. Their ECN liquidity gives traders some of the lowest spreads on a range of different assets.
They have a good amount of educational material and they use some of the most established trading technology in the MetaTrader MT4 & MT5.
Disclaimer
NordFX warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with NordFX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
NordFX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.
NordFX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
You might also like: NordFX Demo Account
You might also like: NordFX Fees and Spreads
You might also like: NordFX Islamic Account
You might also like: NordFX Minimum Deposit
You might also like: NordFX Sign Up Bonus
Min Deposit
USD 10
Regulators
Saint Lucia
Trading Platform
MT4, MT5, MetaTrader Multiterminal
Crypto
Yes
Total Pairs
30+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Frequently Asked Questions
Which platforms are supported by NordFX?
NordFX provides the following popular trading platforms: MetaTrader4, MetaTrader5, MetaTrader Multiterminal, NordFX Mobile App
Is NordFX regulated?
Yes, NordFX is regulated by the VFSC (Vanuatu Financial Services Commission) and the SEBI (Securities and Exchange Board of India)
What is the overall rating out of 10 for NordFX?
NordFX overall rating is seen as 9/10
For which type of trader is NordFX best suited?
NordFX is best suited for beginning and professional traders.
Is NordFX a legit broker?
NordFX is closely regulated by VFSC and SEBI to ensure they are legit.
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