Nordenex has been flagged by The Dutch Authority for the Financial Markets for "Unregistered/Unlicensed entity offering financial products or services". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Nordenex . This company is a suspected boiler room, a form of online investment fraud. Nordenex has approached persons without being asked, to offer them investment proposals. A boiler room is ... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Nordenex offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Responsive team|Two-factor authentication
Cons: Research section could be deeper
Nordenex had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Copy trading available|Detailed reporting
Cons: Search feature is basic
Do not use Nordenex for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Social trading features|Easy withdrawals
Cons: Charting tools need more indicators|No dark mode on mobile
Nordenex has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Helpful community forum|Personal attention|Good mobile app
Cons: Minimum deposit could be lower