A few weeks ago, we brought our initial review about the offshore broker NordFX and connected it with a warning. Whistleblowers informed us that the operators of NordFX were three Russians living in the Netherlands. They would also be behind the Cyprus-based Nord Group Investments Inc. We were informed that the NordFX operators were under criminal investigation. We would like to know more and ask our whistleblowers for additional information. Be very careful!
Key Data
| Trading name | NordFX |
| Activity | Forex and CFD broker |
| Domains | https://nordfx.com https://nordfxmalaysian.com https://nordfxindo-asean.com https://nordfxpartners.com |
| Social media | LinkedIn, Twitter, Facebook, Instagram |
| Legal entities | NFX Capital VU Inc (Vanuatu) Nord Group Investments Inc. (Cyprus) |
| Jurisdiction | Vanuatu |
| Authorization | No |
| Leverage | up to 1:1,000 |
| Payment options | Credit/debit card, bank wire, e-wallets, crypto |
| Payment processors | BrightCart, Kryptova, DusuPay DragonPay, Fasapay, Help2Pay Perfect Money, Skrill, Neteller SticPay, TC-Pay, PayRetailers Cryptix, Binance FXPaymentServices (https://secure.fxpaymentservices.com) |
| Related individuals | Andrei Kopnov Dmitry Konev Andrei Lelyuk |
Short Narrative
NordFX is an offshore broker registered in Vanuatu that operates through several websites, primarily in Asia, and offers leverage of up to 1:1,000. The website says no clients from North America and the EU are accepted. However, we could register as EU residents in our review. NordFX has an extensive portfolio of payment processors. In our review, pre-KYC deposits via crypto were possible in theoretically unlimited amounts. Be careful when dealing with NordFX.
With almost 500,000 monthly visitors, NordFX is quite a large broker. More than 60% of website visitors come from Asian countries like Vietnam, Thailand, or the Philippines. The NordFX scheme reportedly has more than 2 million clients and 29,000 affiliates. Those are impressive numbers.
Among the payment processors, we have discovered BrightCart, Kryptova, DusuPay, and DragonPay. Deposits via crypto are possible via BinancePay or Cryptix. There are also several e-wallet services, such as PerfectMoney, Skrill, and Neteller.
NordFX does not look like a scam, but it is an unauthorized offshore broker. Clients of offshore brokers are not protected by any investor compensation schemes and are not entitled to financial ombudsman support. You should therefore avoid offshore brokers, in our humble opinion.
Share Information
If you have any information about NordFX, its operators, and its facilitators, please let us know via our whistleblower system, Whistle42.
