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NordFX Review – Is It Worth To Consider The Broker’s Account Through Its Bonus Offerings?
NordFX is one of the select few Forex brokers in the EU that still supports a bonus system for deposits, which might entice traders into choosing NordFX for their trading needs. Of course, free trading credit is a great way of increasing the equity in the account without taking any considerable risks, but traders should read through this NordFX broker review before committing their trading capital to NordFX.
Is NordFX An Authentic European Regulated Firm?
At first glance, NordFX claims to be from the Mauritius, with an additional office in Vanuatu. Therefore, it is easy for traders to associate NordFX with the countless number of Forex trading companies that are located in popular safe havens across the world. It is no secret that several established safe havens such as the Mauritius have a comparatively less effective regulatory framework than its counterparts in the US, the EU, and Asia-Pacific. However, upon deeper investigation, we did find out that the broker is indeed regulated by the Cyprus Securities and Exchange Commission (CySEC) through its branch office in Cyprus. Cyprus has been a member of the EU since the early 2000s, and its CySEC regulatory body has been reforming its policies and regulatory guidelines to suit the numerous laws that are outlined in the European Markets in Financial Instruments Derivatives (MiFID). NordFX is a reliable and authentic broker that is regulated by one of the leading regulatory agencies in the Forex market. The broker is also supervised according to the different laws that are applicable throughout the EU, which guarantees protection for investors under the different investor advocacy groups and official Government organizations. Traders also need not worry about the long-term reliability of the broker against insolvency or bankruptcy proceedings, as the Investor Compensation Fund does provide protection for clients up to €20,000 if the company shuts down without warning.