NordFX is an international binary options brokerage house which provides corporations and individuals with a comprehensive set of trading services within the international financial markets. Founded in 2008, NordFX has been in the business for some considerable time and is authorised by the Mauritius Finances Services Commission to manage securities portfolios and to advise on securities transactions. This broker stays abreast of the most up to date technology, regularly expanding its selection of tradable instruments and currencies while adopting the most advanced trading software. Suitable for use by both novices and experienced investors alike, NordFX is a reliable and reputable broker. This NordFX binary options broker review tells you everything you need to know in order to decide whether this is the right provider to suit your requirements.
Binary Nord-FX Account Types and Tradable Assets
There are six types of trading accounts offered by NordFX, each aimed at a specific type of trader. The basic level Micro account is suited to those who are brand new to the markets and requires a very low minimum deposit of $5 in order to get started. When novice investors are ready to take the next step, they can progress to the Account 1:1000 which also only requires a minimum deposit of $5 but which offers higher leverages and a better spread. There are two standard level accounts, the Standard and the Standard-MT5, both of which only require a $50 minimum deposit but which both offer tight spreads and a better range of trading instruments. The MT-ECN account with its minimum deposit of $1000 is designed to accommodate a broad spectrum of investors who want to trade with minimum expenses while the highest level account, designed for professional traders, is the Premium account which requires a minimum deposit of $50,000 but which offers perks and benefits such as a complementary debit card and personalised customer service. NordFX offers a great choice of tradable assets across a broad spectrum including stocks, commodities, currency pairs and indices. Trade options include Long Term, Pairs, Ladder Options, Touch Options, ProFollow and 60 Seconds and expiry times vary from as short as 60 seconds right up to end of month expiry periods.
Binary Nord-FX Trading Platform
Nord-FX has a choice of two trading platforms, MetaTrader 4 and MetaTrader 5, both of which are extremely popular and advanced interfaces which run efficiently. These intuitive platforms are easy enough for even novices to get to grips with and provide users with the possibility of using a large number of indicators, tools and strategies. Clients who prefer to trade on the move will be pleased to learn that Nord-FX also has downloadable apps available for both Android and Apple devices. The mobile apps are extremely comprehensive and allow complete control over the user’s account unlike some rival providers’ applications which limit the actions which can be performed using a smartphone or tablet. The NordFX platform also boasts some impressive educational resources with a host of eBooks, video tutorials and in depth courses which not only assist the novice trader to become familiar with the financial markets but helps those who are more experienced to hone and develop their skills even further.
Binary Nord-FX Customer Service and Banking Options
Nord-FX takes good customer service provision seriously, offering a help section on their website which enables users to find answers to frequently asked questions quickly on their own without having to resort to contacting the support team. For those with a more complex query, there is an online web form which can be completed in order to contact various departments or an email address to which questions can be sent. Those who prefer to speak to a representative can call one of the five telephone helplines based in different countries from India and China to Egypt, Russia and Brazil. The website itself can be accessed in 11 different languages, making this an ideal interface for those who speak languages other than English. The website also features a Live Chat facility which is easily accessed through the home page. This is the best and quickest way to obtain a response to any urgent problems or queries.
NordFX offers numerous ways to deposit funds into trading accounts including via traditional routes like credit and debit cards and bank transfers as well as more contemporary methods like Skrill and Neteller. More localised methods such as Nordea, Przelewy24 and inteligo are also accepted with this broker, giving a wealth of options to clients. There is a minimum deposit with NordFX set at just $5 for the most basic level account. This represents one of the lowest deposit amounts in the industry, making this an especially attractive broker for newcomers to binary options trading who are not yet ready to make large financial investments. There is a minimum withdrawal limit of just $1 which makes it easy to take funds out of the trading account. There is a 4% fee charged on credit card withdrawals up to a maximum of $7.50. Withdrawals take around 5 to 6 days to be processed once all of the necessary documentation has been provided.
NordFX have been established in the industry for a long time and have all the benefits of many years of experience. Their excellent range of banking methods is very appealing to investors of all kinds and their comprehensive choice of account types makes it easy for traders at all levels of experience to find an account to suit their trading style and requirements. The MetaTrader interface is intuitive enough for beginners but offers enough advanced features to appeal to professionals, and the choice of tradable assets is expansive enough to please every investor.