Who is NordFX?
NordFX is an online Forex and CFD broker in Vanuatu.
The broker is licensed by VFSC provides the online trading service to investors from over 100 countries.
NordFX has added new markets including Cryptocurrency pairs and Crypto Indices while offering BTC (Bitcoin) and ETH (Ethereum) as options of account base currency.
By signing up with NordFX, you can invest innot only Cryptocurrency assets but also Forex, precious metals and stock indices.
To get started with NordFX, Open NordFX Real or Demo Account and login to the client portal (traders’s office).
NordFX’s Trading Platforms and Account Types
NordFX offers 3 types of trading platforms which are MT4 (MetaTrader4), MT4 Multi-terminal and MT5 (MetaTrader5).
There are 3 trading account types and the conditions are as follows:
| Account Types | Fix | Pro | Zero |
|---|---|---|---|
| Required Minimum Deposit | 10 USD | 250 USD | 500 USD |
| Account Base Currency | USD, ETH and BTC | USD, ETH and BTC | USD, ETH and BTC |
| Minimum Spread | from 2 pips | from 0.9 pips | 0.0 pips |
| Spread Type | Fixed | Variable | Variable |
| Quote Precision | 4 digits | 5 digits | 5 digits |
| Maximum Leverage | 1:1000 | 1:1000 | 1:1000 |
| Execution Type | Instant Execution | Market Execution | Market Execution |
| Stop Out % | 40% | 40% | 20% |
For more information about each account type of NordFX, please visit the page below.
See NordFX Account Types Comparison Table
Once you opened an account with NordFX, your accounts can be managed in NordFX’s Trader’s Office.
The “Personal Settings” section of the Trader’s Office contains your personal data and the main account parameters (balance, account type, selected credit leverage).
There you can choose what balance to transfer funds to, in the Trader’s Office or in MT4.
Otherwise, funds are automatically credited to the MT4 balance.
Cryptocurrency Trading with NordFX
With NordFX, you can invest in 2 types of Cryptocurrency assets which are “Cryptocurrency Pairs” and “Cryptocurrency Index”.
Here are the Crypto assets that you can invest in with NordFX.
Cryptocurrency Pairs
NordFX offers a number of Cryptocurrency pairs with FX currencies.
The available Cryptocurrencies include Bitcoin, Ethereum, Dash, BAB, BSV, Ripple, ZEC, Bitcoin Gold, EOS, Ethereum Classic, Neo, Litecoin, OMG, XMR and IOT.
For all Crypto pairs, there will be swap charges for both long and short positions, which is 14% a year.
The required margin for trading varies from a few cents to a few hundreds dollars depending on the pair you trade.
Cryptocurrency Index
NordFX also offers Indices of Cryptocurrency markets.
The products are the followings:
- 10ALT
The Index includes 10 altcoins: Dash, ZEC, Bitcoin Gold, EOS, Ethereum Classic, Neo, Litecoin, OMG, XMR and IOT. - TOP3ALT
The Index includes 3 top altcoins: Ethereum, Bitcoin Cash and Ripple. - TOP5CRYPT
The Index includes 5 top cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Ripple and Litecoin. - TOP14CRYPT
The Index includes the following 14 cryptocurrencies: Bitcoin, Ethereum, Dash, Bitcoin Cash, Ripple, ZEC, Bitcoin Gold, EOS, Ethereum Classic, Neo, Litecoin, OMG, XMR and IOT.
The available trading lots are from 0.1 to 10 lots.
The required margin for trading Cryptocurrency Indices are different by symbol.
| Crypto Indices | Required Margin in USD |
|---|---|
| 10ALT | 300 |
| TOP3ALT | 90 |
| TOP5CRYPT | 150 |
| TOP14CRYPT | 420 |
For Crypto indices, swap points are charged for both long and short positions, which is 14% a year.
