HFM information and reviews
HFM
96%
Octa information and reviews
Octa
94%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%

How to Open an Account with NordFX Correctly


15 February 2022

It would seem that opening an account with a broker is very simple: you go to its website, click the appropriate button, fill in a few fields and you're done, you can deposit funds and start trading. Many go this way. And then they are surprised that something goes wrong. How do you get things right? It is necessary in the first place to get at least a minimal knowledge of what online trading in the financial markets is like, in order to start trading. There are quite a lot of materials online about this, but it is best to start by studying the EDUCATION section on the NordFX website.

The second step is to get acquainted with another section of the NordFX official website, TRADING ACCOUNT, where you can get learn about various types of trading accounts and all kinds of trading tools that you can use in your work on the financial markets.

Trading and Investment Accounts

NordFX brokerage company offers traders several types of accounts. And it will be useful to decide in advance which one you want to work on.

Trading Instruments and Trading Conditions

When choosing the type of account you are planning to trade on, be sure to review the list of trading instruments. Their choice in NordFX is very wide, and in addition to dozens of currency and cryptocurrency pairs, the company's clients can make transactions with gold, silver, oil, stock indices such as Dow Jones, SPX500, NASDAQ, etc. You can also buy and sell shares of many of the world's leading companies, including IBM, JP Morgan Chase, Coca-Cola, Mastercard, McDonalds, Microsoft, Twitter, UBER, eBay, etc., and even receive dividends on them.

It is also important to pay attention to such trading conditions as leverage, spreads and swaps, minimum and maximum lots, margin call/stop, and other parameters that will determine the choice of strategy and your success in the financial markets.

Deposit and Withdrawal of Funds

The deposit is the amount that will be in your personal account with the broker and that you will be able to use while trading. In addition to US dollars (USD), the funds can also be denominated in cryptocurrencies: bitcoins (BTC) and ethereums (ETH). At the same time, you can also top up your account in euros and in a number of national currencies, which will be converted into the deposit currency.

All major methods such as bank transfers, transfers using VISA and MasterCard cards or through online payment systems WebMoney, Skrill, NETELLER, etc are available to deposit and withdraw funds in NordFX. But the options are not limited to this. Customers wishing to use their national currency, such as Vietnamese dong (VND), can use the Ngan Luong payment system. You can use PayToday for Thai baht (THB), and Dragonpay for Philippine pesos (PHP).

Please note that NordFX does not charge any fees for deposits and withdrawals. However, there may be fees from banks and payment systems. Their size, as well as the timing of financial transactions, can be found in the relevant section of the brokerage company's website, Deposits and Withdrawal of Funds.

Registration and introduction to the Trader's Cabinet

So, you have studied the NordFX website and got acquainted with the opportunities that this broker provides you. Now is the time to register and start trading. The registration procedure is very simple and takes only a couple of minutes. To do this, click on the “Open an Account” button. You will see such buttons at the top right on all the website pages. In addition, they can be duplicated in other places, you can safely click any of them.

You will need to indicate a valid phone number in the pop-up window, select the type of account, select in which currency or cryptocurrency the account will be nominated (USD, BTC, ETH) and specify the leverage. If you want to practice on a demo account before you start working with real money, select the “Open a Demo Account” tab.

After registration, you will receive the account data (it is also the login), the server and the trader's password. You can access your Trader's Cabinet at any time using these details. You will see the list of your accounts here, buttons for depositing and withdrawing funds, as well as the menu with other services that you can now use. This includes access to investment products (Copy Trading, PAMM, Investment Funds), the affiliate program as well as a huge amount of training and reference materials designed for both beginners and experienced traders. You can also download a trading platform to your computer, tablet or smartphone without leaving your Personal Area. If necessary, you may also be asked to upload scanned copies of the documents required for verification. Proof of identity and residence may be required (but not always) to withdraw funds.

Well, that's basically it. Of course, if you feel confident enough, you can not follow the above recommendations, but immediately deposit funds to your account and start real trading. If you still have questions, you can and should contact NordFX Customer Support, who will try to help you even in the most difficult situations. You can ask your questions by email, phone, social networks or via live chat.

#source

Share: Tweet this or Share on Facebook


Related

FP Markets Partners with Industry-Leading Platform Provider TradingView
FP Markets Partners with Industry-Leading Platform Provider TradingView

FP Markets’ customers around the world can now gain access to TradingView's advanced charts and analysis, powerful trading tools and interact with the world's largest social network of traders...

22 Jan 2024

FxPro Unveils a Lucrative Global Affiliate Program
FxPro Unveils a Lucrative Global Affiliate Program

FxPro, a leading online broker, is thrilled to introduce its new and highly anticipated global Affiliate Program, promising partners an enticing opportunity to earn substantial commissions...

22 Jan 2024

Introducing the ModMount VIP Account: Elevate Your Trading Game
Introducing the ModMount VIP Account: Elevate Your Trading Game

In the world of trading, success often depends on having the right tools and conditions to navigate the markets effectively. With the ModMount VIP Account, traders...

19 Jan 2024

Unlock the World of Copy Trading with BlackBull CopyTrader
Unlock the World of Copy Trading with BlackBull CopyTrader

Copy trading, a revolutionary way to engage in the financial markets, has reached new heights with BlackBull CopyTrader, an award-winning platform designed to seamlessly...

19 Jan 2024

Unlock a World of Trading Opportunities with Errante
Unlock a World of Trading Opportunities with Errante

Errante is not just your typical online broker - we are your trusted partner in the world of trading. Our commitment to providing top-tier services and building long-lasting relationships sets us apart...

18 Jan 2024

Why Choose Errante for Your Trading Needs
Why Choose Errante for Your Trading Needs

At Errante, we believe in upholding the highest standards of integrity, transparency, and honesty. Our passion for what we do, coupled with our unwavering commitment to our clients...

17 Jan 2024


Editors' Picks

The Top Forex Expert Advisors 2024: Performance, Strategy, and Reliability Review

An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.

The Evolution of Forex Expert Advisors: Navigating the Path of Technological Revolution

The concept of automated trading has been around for decades, but the accessibility and sophistication of Forex EAs have seen significant advancements in the past few years. Initially, automated trading systems were rudimentary, focusing on simple indicators like moving averages.

The Impact of EAs on Forex Trading: A Double-Edged Sword

By enabling continuous, algorithm-based trading, EAs contribute to the efficiency of the Forex market. They can instantly react to market movements and news events, providing liquidity and stabilizing currency prices through their high-volume trading activities.

MultiBank Group information and reviews
MultiBank Group
84%
XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.