Company

Spread

for EUR/USD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

NordFX

Offers two ways to trade: Forex, Binary options

 
NordFX
See Details Try a Demo
Your capital is at risk
$1Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

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  • Bank transfer
  • Credit cards
  • PayPal
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  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

D

Established in:

2008

Regulated by:

Unregulated

CFDs are leveraged products and can result in the loss of your capital. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Perfect Money

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose NordFX
For Perfect Money?

NordFX scored best in our review of the top brokers for perfect money, which takes into account 120+ factors across eight categories. Here are some areas where NordFX scored highly in:

  • 9+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, MT5, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from pips
  • Used by + traders
  • Allows hedging
  • 2 languages
  • Leverage up to 1:1000

NordFX offers two ways to trade: Forex, Binary options. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

NordFX have a D trust score, which is average. This is largely down to them being regulated by Unregulated, segregating client funds, being established for over 9 years, and much more. For comparison:

Trust Score comparsion

NordFX
Trust Score D
Year Established 2008
Regulated by Unregulated
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who NordFX is (& Isn’t)
Suitable For

As mentioned, NordFX allows you to trade in two ways: Forex, Binary options.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with NordFX, you'll need a minimum deposit of $5. NordFX offers a range of different account types for different traders including a micro account, mini account, vip account.

NordFX is also suitable for traders looking to trade with an ECN broker. ECN trading allows the trader to get access to the actual pricing of instruments as set by the banks and liquidity providers, rather than relying on the broker to set the price. To open an ECN account with NordFX you will need a minimum deposit of $1000.

Finally, NordFX isn't available in the following countries: No.

Part 3

A Comparison of NordFX vs. vs.


Want to see how NordFX stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
NordFX
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

NordFX
Spread type Fixed
EUR/USD Spread 2008
EUR/GBP Spread Unregulated
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

About Perfect Money

Perfect Money is a smooth and efficient online payment system. Designed both for businesses and for individuals, Perfect Money can be used for various purposes, including buying currency (USD, Euros and Bitcoins), purchasing assets such as Gold, paying for goods and services and sending and receiving funds from one user to another. Based in Zurich, Perfect Money has been around for over a decade as the ideas behind it first began to be developed back in 2006.

How to get started with Perfect Money

First of all you will need to open an account by filling in a simple online form. Then, you will be required to verify this account. Once your account is verified, you are ready to go. Additional forms may need to be filled in if you want to use certain account services (such as adding a bank account to make deposits from your Perfect Money account to your bank).

Advantages & Disadvantages of Perfect Money

Advantages include:

  • Customer support 24 hours a day, 7 days a week, 365 days a year
  • The ability to perform a variety of actions, from paying a business associate to converting currency
  • The ability to have several accounts associated with a single IP address and user

Disadvantages include:

  • Having to wait 3-5 days for bank deposits to clear
  • Needing to withdraw a minimum of $300 to your bank when you make a withdrawal
  • Currency conversion rates are not always the best on the market

Using Perfect Money

Fees

Fees are associated with several elements of the site. Upgrade your account to Premium level, for example, and you will need to pay an account fee. Fees are also payable when you make an internal transfer to another user and when you withdraw money from your Perfect Money account to your bank. Commissions are charged on currency conversions. Fees and commissions are subject to change at short notice depending on the market.

Account Types

The standard account types are Personal Accounts for private individuals, and Business Accounts for businesses. If you deposit several thousands of dollars into your account each month, you could be eligible to upgrade to a Premium or Partner account.

Deposit methods:

Bank wire, Bitcoin, credit or debit cards and online exchange services.

Withdrawal methods:

Bank wire, Bitcoin, credit or debit cards and online exchange services.

Typical withdrawal processing times:

3-5 working days.

Typical deposit processing times:

3-5 working days.

How secure is it?

Security is mainly conducted via encryption and identity checks. PIN codes are used to verify users’ identities when setting up an account, and (often) when making deposits and withdrawals. The PIN will also be used to verify your identity if you log in from a new IP and accounts are locked after several failed logins.

Overall, if you are already a Perfect money account holder, finding a broker that accepts this form of payment could be perfect option for you.

Top Perfect Money Alternatives

Some of the most popular alternative methods for funding a trading account include:

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