NordFX was founded in 2008 and claims to have 1.2 million accounts. There is no way of validating this number of clients. It claims to offer low spreads, mobile trading and says it offers MetaTrader4, which is a popular trading platform. This may all seem good, but unfortunately, ChargeBax experts looked carefully and found some issues with NordFX’s licensing.
We Have Found Some Problems with NordFX
NordFX has a license from Vanuatu financial services, which is a third-rate regulator. Although it is important to ensure that every broker has a license, this doesn’t mean that just any license will do. A low-quality license does not provide any oversight or act upon customer complaints. In most cases, they simply give licenses to any broker who provides a fee. Therefore, since NordFX does not have a reliable license, we do not recommend trading with them.
Here Are Some NordFX Red Flags:
Not regulated
No transparency
No contact information
Not regulated
Bad reviews
What Should You Do If You Have an Account with NordFX?
We do not recommend opening an account with NordFX. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds and will help you prepare your claim.
