Since the beginning of the year, Bitcoin and the rest of the cryptocurrency market has been recording gains. While there have been bearish corrections along the way, the fact remains that there is renewed interest in the cryptocurrency industry. Cryptocurrency exchanges have been recording massive trading volume and Bitcoin miners reported a 29% surge in mining profitability. If you’re just getting into the cryptocurrency industry, choosing the right cryptocurrency exchange may be difficult for you.
There are many scam cryptocurrency exchanges out there that attract customers and run away with their hard-earned money in elaborate exit scams. Apart from this, many of the legitimate and popular cryptocurrency exchanges are complex to use or too expensive for beginners. If you’re looking for easy to use exchanges that come highly recommended, you need to conduct research and read reviews about the exchange. One of the best exchanges for beginners and advanced traders is NordFX.
What You Need To Know About NordFX
NordFX is a trading platform that offers a variety of features and not just cryptocurrency trading. It was established in 2008 and has built a reputation for itself in the industry. The major advantage of using a trading platform that isn’t meant for only cryptocurrencies is that it reduces the chances of fraudulent actives and allows you to build and manage your extensive portfolio without moving from one exchange to another. With NordFX, you’ll enjoy the benefits of using a Forex brokerage and a cryptocurrency trading platform at the same time. While most brokers have only one or two platforms, NordFX offers MetaTrader 4, MetaTrader 5, Multi terminals, Android and iOS platforms.
Advantages of Trading On NordFX
This platform has a simple user interface making it ideal for beginners. At the same time, there are options for more advanced traders that give you access to a range of data that can aid your trading experience and give you more control over your investment.
Rather than being stuck with just cryptocurrencies or fiat trading, you have the option to enjoy trading both categories through NordFX. There are 33 currency pairs and 15 cryptocurrency pairs and 4 crypto indices currently. What’s more? You have access to an asset management service. This isn’t something that few brokers can boast of.
- Mobile Trading
While you can only enjoy maximum fictionality through the desktop version of the app, there is a mobile version that allows you to trade on-the-go. It is available for Android and iOS devices.
- Customer Support
When it comes to offering customer support, NordFX is highly reliable. It has several representatives who are always ready to answer questions any time you need assistance as long as it is within five working days in the week. You can reach out to them via social channels, web chat, or over the phone through a number that is visible on the website.
If you’re new to trading, you can receive training on the NordFX Learning Center. It is an online resource that trains traders at different levels helping them to develop their skills.
How to Get Started With NordFX
Visit http://www.nordfx.com/ and browse through the website for more information about the products and services offered.
Click on open a trading account. When you click on this option, you will see a form that needs to be filled. Add your full name, email address, phone number and the currency you’ll like to deposit, USD, ETH or BTC. Select the leverage limit and account type (Pro, Fix, or Zero).
READ THE TERMS AND CONDITIONS. This option cannot be overemphasized. You must read and understand the terms and conditions before you proceed.
Click on create an account and start. After you have read and understood the conditions, confirm that the details are correct and click on create an account. As soon as your account is created, you can make your first deposit and start trading. Deposits can be done through direct transfer, debit or credit cards.
NordFX is one of the best trading platforms for beginners who don’t have large capital or would only like to start small. Since inception, there has never been a scandal about this exchange and it has left many clients satisfied.
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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.