Should You Trade with NordFX?
NordFX seems like an ordinary broker that offers a selection of assets for trading and other services. It claims to have 1.2 million clients, which sounds extremely high for a broker that isn’t that famous. It offers Metatrader 4 and 5, which are major trading platforms. NordFX has a selection of trading products that are typical of most brokers. In some ways, this broker may seem to be fine, until we looked at the regulation information.
There Are Some Things You Should Know Before Trading with NordFX?
NordFX does have a license, but it is from Vanuatu Financial Services. This is a third-rate regulator that does not have a reputation for high standards and does not provide very much oversight for customers. Given this information, there does not seem to be a good reason to trade with NordFX. Even if NordFX offers some attractive trading services, these may not be worth the risk without proper regulation and oversight.
We Found the Following Problems With NordFX:
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Not regulated
- No transparency
- No contact information
- Bad reviews
What if You Have an Account with NordFX?
If you have an account with NordFX we urge you to close it immediately and ask for a withdrawal of your funds. If the broker does not return your funds, you should report it and file a claim. ReportScamOnline will assist you with your claim and can help you retrieve your funds from the blockchain or through a chargeback or wire recall.