NordFX: How to buy Bitcoin with leverage
NordFX: How to buy Bitcoin with leverage
NordFX is an international forex trading company, offering a wide range of accounts to meet the diverse needs of its traders.
It also allows for minimum deposits of $10, a demo account and integration with the world-renowned MetaTrader 4 platform for Windows, Android and iOS with up to 1:1000 leverage. As well as automated trading signals (CopyTrading), PAMM and trading on your own.
NordFX is an international broker with more than 10 years of experience in financial markets, in which it has won more than 50 prestigious professional awards from IAFT Awards, The Forex Awards, ShowFx World, Global Brands Awards, Forex Awards Ratings and many others that have honored NordFX with titles like: Best Forex Broker in Asia 2015, 2018, 2019 and 2020; Most Trusted Broker 2016, 2017, 2018 and and 2020; Best Affiliate Program 2016, 2017, 2018 and 2019; and Best Crypto Broker 2017, 2018, 2019 and 2020.
The international group of companies NFX Capital, which includes NFX Capital VU Inc, based at Pot 805/103, Rue D’Auvergne, Port Vila, Vanuatu, is licensed by the Vanuatu Financial Services Commission.
Serving traders from over 190 countries, at NordFX users have the ability to trade in multiple asset classes, including 11 pairs of cryptocurrencies, 33 forex currencies, metals (including silver and gold) from three different types of trading accounts, called Fix, Pro, and Zero. Stock CFDs from major international companies and indices are also available for trading.
The broker provides trader research tools, such as an economic calendar and a trading calculator, as well as live market analysis. There is also a learning center with educational videos covering MetaTrader, trading strategies and concepts for beginners and advanced traders.
NordFX is an extremely reliable and secure broker, with trades executed in less than half a second. Thanks to the MetaTrader interface and robust and efficient servers, users can trade on the go, providing excellent service even to professional and frequent traders.
The firm has implemented strict internal regulations to keep investors’ money safe, such as the fact that client funds are segregated from the company’s own funds.
Since it is a firm regulated by the Vanuatu Financial Services Commission, the amount of leverage offered by NordFX is extremely high, although it varies by asset class, offering rates of up to 1:1000.
This helps that, even when the operator’s initial capital is low to make transactions. Also, thanks to the lowest margin in the NordFX, the possibility of significant profits in the growth or fall of cryptosystems is opened.
At the same time, the broker provides its clients with the possibility of margin trading. So, you just need the following to open trades on cryptocurrency pairs in NordFX:
- $150 to open a position of 1 Bitcoin.
- $15 to open a position of 1 Ethereum.
- $0.3 to open a position of 1 EOS.
- $0.02 to open a position of 1 Ripple.
NordFX, which is available for use 24 hours a day, seven days a week, although markets for different asset classes are open at a variety of times, so this will affect the trading of certain instruments, has an extensive history of providing optimal trading performance for its users, dating back to its more than 10 years of experience.
There is a wide range of additional features and competitive differentials and leverage.
And each of these features can be enjoyed in the different types of accounts offered. The firm offers three account types that cater to different markets, from beginners to professional investors.
Although the maximum leverage remains constant at 1:1000 on all three accounts, initial deposits vary as do spreads, with pips ranging from 0 to 2.
Some accounts offer commission-free trading, while others may charge slightly higher fees and market execution rates. For example, the Fix and Pro accounts do not charge commissions for forex trading pairs; while Zero does charge commissions, it has super low spreads; Pro and Zero have market executions.
Moreover, opening such an account only takes about a minute and is done exclusively online: this is another undisputed advantage of NordFX.
Commissions and differentials
The spreads offered at NordFX are extremely tight, especially when compared to many of its competitors, starting from just 0.0 pips. In fact, they remain competitive by outsourcing transactions to an external liquidity provider, which helps keep costs down due to the extremely large trading volume.
For example, the typical spread in EUR/USD for a Fix account is 2 pips without commission, for a Pro account 1.2 pips without commission and a Zero account 0.3 pips with commission payable. Minimum spread in EUR/USD for a Pro account 0.9 pips without commission and a Zero account 0.0 pips with commission payable.
The Forex spread is the difference between the ask and bid prices, measured in pips.
One of the advantages of using this platform is that NordFX does not charge commissions on the vast majority of trades, not even withdrawals. In fact, fees are charged by the payment systems chosen to make the withdrawals, so the specific amount depends on the withdrawal method (online payment systems, digital wallets or bank transfer).
A mobile platform
Because NordFX uses the MetaTrader 4 platform, users can easily and quickly trade from its mobile version, whose application can be downloaded for Android and iOS.
MT4 is widely used in the industry, because it is a comprehensive, multipurpose and multifunctional tool. Therefore, PC users should also download such a program.
Furthermore, the integration of Metatrader 4 is a significant step for NordFX, as it illustrates their approach to professional trading. The implementation of the ‘de facto’ professional trading toolset distinguishes the brand from other competitors of similar position and elevates the company in the hierarchy of online brokers.
NordFX offers a variety of additional features to attract potential users, especially if they are beginners. These include a comprehensive “Education” section of its website, with a learning center and glossary, so investors can begin to develop their knowledge of how the financial markets work and make better trading decisions.
In addition, they provide an economic calendar, specially constructed calculators and several other tools for in-depth analysis. Incorporating weekly analysis of various financial markets, performed by an experienced in-house team of analysts.
In addition, NordFX has a highly responsive and knowledgeable customer service team, with five dedicated centers employing dozens of employees to assist with customer inquiries.
In this way, users can choose to contact the company through a web chat, through various social channels, or by phone.
How to register at NordFX?
To trade on NordFX, it is necessary to browse the website, click on “Open Trading Account” and fill out the registration form, adding full name, email address, phone number and the currency to be deposited (USD, ETH or BTC).
It is also possible to register through a Facebook and Twitter account.
Once all this is done, the leverage limit and account type (Pro, Fix or Zero) is selected.
You will then be asked to automatically generate a password so that you can access your personal account. Or you can specify your password, for this you need to uncheck the box and enter the passwords in the form that appears.
Then, it is necessary to read the Terms and Conditions, in order to understand and accept them.
Once registered, you will be shown a page with your data to log in to the personal area of the site, as well as to access the trade in the MT4 terminal. This information will also be sent to your email address.
The account number is your user name and consists of seven digits.
- Business password: you need it to access your account.
- Phone password: required when communicating with technical support.
- Investor Password: a password for a person who can trade on your account (if necessary) without the ability to withdraw the funds earned.
The server is the company’s server on which the transactions will take place.
This data is very important, so it must be saved.
After this, you must confirm that the details are correct and select “Create an account”. As soon as the account is created, the first deposit can be made.
How to make a deposit at NordFX?
Bank transfer deposits will take one business day. And even if the bank may charge fees for this, the broker will not. You can also make an instant deposit, via Visa or MasterCard, with no fee.
Additionally, the company supports more than a dozen online and instant payment systems. Some do not include fees such as Neteller and Skrill.
To make the deposit, press the “Deposit” button.
In the first step we specify:
- Transaction type: deposit
- The replenishment source: choose from the proposed list a convenient option for depositing funds into the account.
- It is necessary to specify where to deposit the money: on the account of the personal cabinet or directly on the commercial account. Since we will be trading immediately, we choose our account number from the list. Then click “Continue”.
In the second step, we must specify the amount we want to deposit and click on the Add Funds button.
You will be redirected to the payment page, depending on the deposit method you choose.
Once the payment is completed, the money will be added to your balance.
Download the MT4
Once the first deposit has been made, you must download the MetaTrader 4 platform, either PC or mobile, to start opening trades offered by NordFX.
- Install the downloaded terminal on your device.
- Start the commercial terminal.
- When you start for the first time, you must log in to the trading terminal. Enter your registration data: username, password and server address, check the “Save account information” checkbox and press the Login button.
If all went well, the Offline label in the lower right corner of the program will change to the numbers that signify your connection speed.
Trading at NordFX
After successfully connecting to the trading terminal, you will have 4 charts that are the most popular for trading.
However, you can choose pairs you need to trade yourself, such as currencies, cryptocurrencies, gold, oil,shares or indices, by clicking the Create New Chart button on the terminal’s top control panel.
The corresponding chart will immediately appear on your screen automatically. Cryptocurrency pairs are united into five groups – Crypto 0, 1, 2, 3, 4. Bitcoin (BTC/USD pair) can be found in the Crypto 0 group.
The minimum transaction size with this cryptocurrency is 0.01 lot, the maximum is 10 lots. 1 lot is equal to 1 bitcoin. And given NordFX’s excellent margin conditions, you only need 150 USD to open a buy or sell order of 1 bitcoin. This is despite the fact that the current value of bitcoin is approximately 35-40,000 USD.
Once this is done, we must determine the size of the lot to be traded and select a purchase or sale order.
We indicate the required lot size and also select an order, for example, a Buy or Sell order.
Once the operation is configured, the purchase or sale is confirmed and the platform will display a message advising that the order was successfully opened and showing the specific details of the trade we have just carried out.
To close an order and fix your profit (or loss), you must double-click on the order you need in the order list and click on the Close button in the window that opens. The order will be closed.
Do you want more information? Visit NordFX.
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO, and should not be attributed to CriptomonedaseICO.