Overall Northern Trust is strictly regulated by the FINRA and the SIPC. Northern Trust can be described as a bank that uses an excess of different investment strategies to fulfil their clients’ needs. Northern Trust has an overall rating of 4/10.
Northern Trust at a glance
| Broker's Name | Northern Trust |
| 📍 Headquartered | Chicago, USA |
| 📅 Year Founded | 1988 |
| ⚖️ Regulating Authorities | FINRA, SIPC |
| 🌐 Countries not accepted for trade | N/A |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | Not specified |
| 💰 Minimum Deposit | A minimum deposit is depending on what type of account or investment would suit an individual client. |
| 💳 Deposit Options | Debit Card Credit Card Bank Wire Transfer |
| 💳 Withdrawal Options | Debit Card Credit Card Bank Wire Transfer |
| 💻 Platform Types | No platform types specified on their website |
| 📱 OS Compatibility | No online trading done |
| 📈 Tradable assets offered | Only foreign exchange specified on their website |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | Customer service is available from Monday right through until Friday from 7:00 am until 5:00 pm Central time. |
| 👉 Open account | Click Here |
Min Deposit
Depending on account
Regulators
FINRA, SIPC
Trading Platform
Not Specified
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Northern Trust Review – 12 Key Point Quick Overview Revealed (2025):
Northern Trust Overview- Northern Trust Safety and Security
- Northern Trust Pros and Cons
- Northern Trust Leverage
- Northern Trust Account Types
- Northern Trust Market instruments
- Northern Trust Fees
- Northern Trust Deposits and Withdrawals
- Northern Trust Trading platform
- Conclusion
- Disclaimer
- Frequently asked questions
Northern Trust Overview
According to research in South Africa, Northern Trust Northern Trust is an award-winning investment bank which is based in Chicago, Illinois, USA. The bank’s investment side concentrates on wealth and asset management, and it even runs its own proprietary mutual funds and exchange-traded funds (ETFs).
Their expertise in working with private clients differentiates their private finance and banking service.
For over 130 years, Northern Trust has been steadfast to the private trust and investment business, with over 40% of the company’s global revenues resulting from the wealth management needs of individuals, families and their related entities.
Northern Trust Safety and Security
One of the best benchmarks to measure the safety of a broker like Northern Trust, is to establish which regulating authorities are watchdogs over its actions. Northern Trust is strictly regulated by the US government and the Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC).
Northern Trust Pros and Cons
| ✔️ Pros | ❌ Cons |
| Highly regulated | No online trading |
| Vast amount of accounts | Not enough information on website regarding trading |
| Not specific about spreads | |
| Northern Trust does not currently have a direct stock purchase plan |
Northern Trust Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged. Northern Trust does not stipulate a maximum leverage on their website.
Northern Trust Account Types
A forex account at Northern Trust 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 Islamic faith. Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.
Northern Trust offers a variety of accounts such as:
Personal and commercial sweep accounts
Interest/non-interest checking accounts
Premium money market deposit accounts
Foreign Currency Accounts
Northern Trust 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, decentralised 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 plays 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 which 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.
Northern Trust offers the following of the above: Forex. Northern Trust is not specific on any other market instruments on their website.
Northern Trust Fees
Cost depends on different factors, like spread and margins, and Northern Trust 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 ask 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. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account. Northern Trust is not specific on spreads or commission on their website.
Northern Trust Deposits and Withdrawals
Accounts usually requires 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 Northern Trust the following methods and minimum deposits are required: Northern Trust Investment institutes an adjustable minimum account size requirement depending on the investment.
Northern Trust Trading platform
The forex trading platform provided by Northern Trust 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.
Northern Trust does not specify what trading platforms their bank uses on their website.
Conclusion
Northern Trust can be described as a bank that uses an excess of different investment strategies to fulfil their clients’ needs. For example, there are equity, fixed income, multi-manager, model portfolio, and transition management and overlay services.
Northern Trust does not offer online accounts for customers. Investments have to be done telephonically. There is also no direct trading for investors. The majority of investments used by Northern Trust are for example stocks, bonds, registered and unregistered investment companies, money market instruments, ETFs, to name a few.
The bank is however highly regulated which makes your risk factor lower for your investments.
Min Deposit
Depending on account
Regulators
FINRA, SIPC
Trading Platform
Not Specified
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Disclaimer
Northern Trust 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 Northern Trust, 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.
Northern Trust 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. Northern Trust cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently asked questions
TRADING ENVIRONMENT
How many instruments can I trade with Northern Trust?
You can trade several different instruments with Northern Trust, which include the following:
- Foreign Exchange
Which platforms are supported by Northern Trust?
Northern Trust does not provide trading platforms for its investors as no direct trading is offered.
Does Northern Trust offer leverage?
Northern Trust is not specific on their website if they have a maximum leverage.
What spreads can I expect with Northern Trust?
Details on their website are not comprehensive, more information can be obtained from the customer support service.
Does Northern Trust charge commission?
More information on commissions can be obtained from the customer support service.
Is Northern Trust regulated?
Yes, Northern Trust is regulated by the Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC).
Is Northern Trust a recommended forex trading broker for experts and beginners?
Northern Trust offers a fair trading environment for all types of investors.
What is the overall rating out of 10 for Northern Trust?
4/10
ACCOUNTS
What is the difference between a demo and live trading account?
A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customers actual money.
Does Northern Trust offer a demo account?
No
How long is the demo account valid?
No demo account is offered by Northern Trust as they do not offer direct trading or any online accounts.
Which live trading accounts does Northern Trust offer?
- No live trading accounts but the bank offers a variety of other accounts for investors.
What are the available deposit currencies for a live trading account?
USD and other major currencies.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for Northern Trust?
Northern Trust has variable minimum deposit requirements depending on the account and investment required.
How do you make a deposit and withdrawal with Northern Trust?
Northern Trust offers the following deposit and withdrawal methods:
- Debit Card
- Credit Card
- Bank Wire Transfer
Withdrawals can be done via:
- Debit Card
- Credit Card
- Bank Wire Transfer
Does Northern Trust charge withdrawal fees?
Yes, the different amounts can be found on the company homepage.
How long does it take to make a withdrawal?
Depending on bank services it may take several days for the money to be available.
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