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Review of the illegal broker NordFX - reviews of the scam project
NordFX is an international broker in the Forex market. The company offers online trading platforms and free training aimed at a wide range of clients, from beginners to experienced traders. However, recently, accusations of fraud related to the company’s activities have been actively discussed on the RuNet, which causes certain concerns among potential and existing clients.
|Year of foundation
|Legal registration and regulation
Illegal forex kitchen aimed at traders from the Russian Federation
+44 2038688742 (Global Support)
- No license
- No withdrawal of money
- Incompetent support
MetaTrader 4, MultiTerminal
|Types of accounts
Fix, Pro, Zero
Forex, metals, CFDs on stocks, indices and cryptocurrencies
Up to 1:1000
From 0 points
What is known about the NordFX broker
The project was founded in 2008. Information about the place of legal registration of the company is not presented on the website, which raises questions among potential clients regarding the transparency of the organization. The Sharaga leadership also chose to hide behind anonymity.
Legal understatement is far from the only complaint againstNordFX official website gives too little information about the project, limiting itself to only general phrases about profitable trading. Scammers focus on publishing openly fake and deceitful statements:
- the company is active internationally;
- the company provides support in various languages, which simplifies interaction with customers around the world;
- the broker offers trading not only on Forex, but also on metals, CFDs on stocks, indices and cryptocurrencies;
- Sharaga offers modern trading tools, including ECN accounts with zero spreads.
For legal brokerage activities on the territory of the Russian Federation, it is necessary to obtain the appropriate permission from the Central Bank of Russia. The scam in question does not have this document, nor does it have SRO status, which is also required by law.
Terms of trading with NordFX broker
The office offers clients a variety of opportunities for trading on the Forex market, as well as with metals, CFDs on shares, indices and cryptocurrencies. The company uses the popular MetaTrader 4 trading platform, which is available for iOS and Android devices, as well as in the MultiTerminal version, which provides convenience and flexibility in trading.
Variability of trading accountsFXNord allows traders to choose the most suitable option depending on their trading style and experience. Account types available include Fix, Pro and Zero, each with its own features and benefits, including varying levels of spreads and leverage.
The project offers additional investment proposals: the classic PAMM account, which is a time-tested and popular method of trust management. This offer is attractive for both investors and traders.
Key trading parameters of NordFX:
- information about the minimum deposit is not indicated on the website;
- leverage: available up to 1:1000, which provides traders with significant flexibility in managing risks and position sizes;
- bonuses: none
- spreads: start from 0.0, which indicates competitive trading conditions, especially for Zero accounts;
- additional commissions: the broker charges hidden fees, preying on gullible newbies.
NordFX offers its clients a variety of trading tools and conditions suitable for both beginners and experienced traders. The choice between different account types and high leverage give traders flexibility in choosing their trading strategy. However, the lack of full transparency regarding some trading parameters, such as the minimum deposit and additional commissions, is a cause for criticism.
Understatement in the description of the commercial offer discourages traders from cooperating withNordFX personal account I want to open in situations where the trading rules are announced in advance.
NordFX broker exposed
The counterparty, which has been serving traders since 2008 and has a number of awards for the quality of its services, at first glance seems to be a reliable broker. However, upon closer examination, serious questions arise regarding its activities and transparency.
On the official siteNordFX There is no information about the license number, and the links provided lead to remote pages. This creates doubts about the legitimacy and reliability of the broker. All the talk about working legally and obtaining CySEC, SEBI and VFSC licenses is empty talk that is not supported by facts.
Trading conditions vary depending on the account chosen (Fix, Pro, Zero), but some aspects remain unclear. For example, although the Pro account claims to have no commissions, traders are faced with floating spreads and other hidden costs. Clients also complain about delays in payments and discrepancies in quotes, which indicates potential manipulation on the part of the broker.
The broker claims to provide access to large liquidity providers and uses ECN technology, but the specific names of the organizations are not disclosed. This raises doubts about the transparency and fairness of order execution, since clients cannot be sure of the actual trading conditions.
Many clients encounter problems verifying their accounts and withdrawing funds. Strict verification rules and high withdrawal fees, as well as delays in transactions, create additional difficulties for traders. This may indicate intentional barriers to cashout.
The competitive advantages of a brokerage firm have no relation to reality. In fact, users lose money precisely because ofNordFX Investments meaningless. Scammers can add fake profits to your internal account balance for months, but this doesn’t matter, because they will block the cashout anyway.
Trading on the NordFX platform is a fatal mistake. The project is run by scammers. They engage in imitation trading without actually transferring transactions to the relevant financial markets. The office trades against users. At the same time, scammers control the movement of quotes. They manipulate them, turning traders’ profitable trades into drain orders.
Reviews about the broker Nord FX
Users complain about fraudulent tricks from outsideNordFX reviews investors are once again confirmed by the organization’s solvency problems.
A comment from user gref78 indicates serious problems with the NordFH trading platform. He mentions a case where an order was closed with a stop loss at a level that was not recorded in the history of quotes. This may indicate technical shortcomings or even manipulation on the part of the broker. Poor technical support and lack of problem solving also contribute to negative perceptions of the company.
User alexalvinski expresses dissatisfaction with the closure of his affiliate program without payments and removal of referrals. This may indicate unreliability and opacity of the terms of cooperation, especially in the aspect of long-term partnerships.
Ira, a newcomer to trading, shares his negative experience withNordFX, citing loss of investment and difficulty accessing the site.
A review from a user who remains anonymous indicates problems with the bonus program. Mention of sudden and unilateral withdrawal of cash incentives and the requirement of additional payments to retain them may indicate opaque and manipulative practices on the part of the broker.
All facts indicate high risks of cooperation withNordFX review complaints coupled with a lack of regulation are the primary signs of fraud. The company operates on the principle of a cheap Forex kitchen. To restore justice and take the money, write to chargeback specialists. They will tell you in detail what is required for this.
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Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about NordFX on the main page of the broker’s profile.
You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how to leave a review about NordFX.
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