What Account Types and Fees Does NRDX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner to intermediate traders |
Low minimum deposit, access to diverse trading instruments |
Suitable for small to medium-sized investments |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, advanced trading tools |
Requires verification of professional trading experience |
| Corporate Account |
Businesses and institutions |
Custom trading solutions, dedicated account management |
Requires corporate documentation and higher minimum deposit |
| Islamic Account |
Traders requiring swap-free options |
Compliant with Sharia law, no overnight interest charges |
Available to all account types upon request |
| Demo Account |
All traders |
Risk-free environment for practice, virtual funds available |
No minimum deposit required, time-limited access |
Account Opening Process
To open an account with NRDX, prospective traders must follow a straightforward process. Initially, they will need to provide personal information, including full name, date of birth, and contact details. Following this, employment and financial information should be submitted to assess the applicant’s trading experience and financial status. Identity verification is crucial, requiring documentation such as a government-issued ID and proof of address (e.g., utility bill). Once the account is opened, traders can enjoy flexibility, including the option to upgrade to a professional account as their trading experience grows.
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 rates for major pairs |
| CFDs (Indices) |
1.5 |
$0.5 per contract |
Standard rates for major indices |
| CFDs (Commodities) |
2.0 |
$0.5 per contract |
Includes oil and gold |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
NRDX also imposes certain other fees that traders should be aware of. These include deposit and withdrawal fees, which may vary based on the payment method chosen. An inactivity fee applies to accounts that remain dormant for a specified period. Additionally, while the trading platform is free to use, there may be overnight interest (swap rates) on positions held beyond one trading day. Currency conversion fees may also apply when trading in different currencies.
