What Account Types and Fees Does NordFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to a wide range of instruments |
Suitable for traders with limited capital; basic trading features |
| Professional Account |
Experienced traders |
Higher leverage, tighter spreads, advanced trading tools |
Requires verification of trading experience and volume |
| Corporate Account |
Corporate clients |
Customizable trading solutions, dedicated account management |
Requires corporate documentation for account setup |
| Islamic Account |
Traders requiring Sharia-compliant conditions |
Swap-free trading, no interest charges |
Available upon request, subject to verification |
| Demo Account |
New traders |
Risk-free trading environment, practice with virtual funds |
Ideal for testing strategies without financial risk |
Account Opening Process
To open an account with NordFX, follow these steps:
1. Personal Information: Provide your name, email address, and phone number.
2. Employment and Financial Information: Fill out details regarding your employment status and financial background.
3. Identity Verification: Submit documents such as a government-issued ID and proof of address to verify your identity.
4. Account Flexibility: You can start with a Retail Account and have the option to upgrade to a Professional Account later on.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing |
| CFDs (Gold) |
1.0 |
$0.0035 per lot |
Excellent conditions for commodities |
| CFDs (Oil) |
2.0 |
$0.0035 per lot |
Includes both WTI and Brent |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable based on market conditions |
| Cryptos (ETH/USD) |
1.0% |
0.1% |
Dynamic spreads reflecting market volatility |
Other Fees
NordFX has several additional fees that traders should be aware of:
– Deposit/Withdrawal Fees: No fees charged by NordFX, but payment processors may impose their own fees.
– Inactivity Fees: Accounts inactive for a specified period may incur fees.
– Platform Usage Fees: No additional fees for using the trading platforms (MT4/MT5).
– Overnight Interest (Swap Rates): Applicable if positions are held overnight; rates vary based on the instrument.
– Currency Conversion Fees: May apply when converting funds between currencies during deposits or withdrawals.
