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NordFX regulation and how it scores
Regulation carries the heaviest weight in the score, which is why it is scored first. Here is NordFX's licensing and the protections behind it.
Facts last checked . Read the full NordFX review.
Regulation and safety
- Regulated by
- Seychelles FSA (SD065) through Maximus Global LTD; Mauritius FSC (GB24204016) through Nord Premium LTD
- Regulator tier
- Tier 2
- Register entry
- Seychelles FSA Securities Dealer register, licence SD065
- Client money segregated
- Yes
- Held at
- Regulated banking institutions, specific bank not disclosed
- Negative balance protection
- Yes
- Compensation scheme
- No statutory investor compensation scheme
- Audited by
- Independent external auditors
- Not available to
- United States, Canada, European Union, Russia, Cuba, Sudan, Syria, Malaysia, Panama, Indonesia, Japan, Brazil, Ukraine, North Korea, Myanmar
Check the licence yourself: the Seychelles FSA list of regulated entities, the Mauritius FSC register of licensees.
What this means
Regulation carries the heaviest weight in the score, which is why it is scored first.
NordFX's licence is offshore (FSC and FSA). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.
An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.
An FSA licence here is usually the Seychelles authorisation - an offshore entity, with lighter obligations than a tier-one regulator.
Client money is held separately from the firm's own money, at Regulated banking institutions, specific bank not disclosed. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.
Covered by No statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.
Questions about NordFX regulation
Is NordFX tier-one regulated?
NordFX's strongest licence is recorded as Tier 2.
Who regulates NordFX?
NordFX is regulated by Seychelles FSA (SD065) through Maximus Global LTD; Mauritius FSC (GB24204016) through Nord Premium LTD.
Does NordFX offer negative balance protection?
Yes. NordFX offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.
Regulation at brokers under the same regulator
- Eightcap regulation also licensed by FSA (Seychelles)
- Exness regulation also licensed by FSA (Seychelles)
- HF Markets regulation also licensed by FSA (Seychelles)
- MultiBank Group regulation also licensed by FSA (Seychelles)
- TMGM regulation also licensed by FSA (Seychelles)