Nordkvarn has been flagged by Finansinspektionen for "Fraud and Other Types of Misconduct". Nordkvarn has a website (www.nordkvarn.com) and is using the following contact information:
Nordkvarn
Hagenholzstrasse 60, 8050 Zürich, Switzerland
Telephone: +46850780903, +46850780370
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.nordkvarn.com.
The reporting at Nordkvarn is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Regular updates|Demo account available
Cons: Cannot customize dashboard fully|Could offer more webinars
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Nordkvarn is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
What really bothers me about Nordkvarn is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after my brother mentioned them and I fell for the polished exterior. Never again.
Pros: API access|Detailed reporting|No hidden fees|Good analytical tools
Cons: Charting tools need more indicators
I gave Nordkvarn a fair chance. After since I opened my account last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Educational resources|Professional team|Excellent charting|Multi-currency support
Cons: Charting tools need more indicators