About North Finance

Hey everyone, just had one main question about North Finance after reading almost every NF thread I could find here.

So Ive heard nothing but good things (for the most part) about North Finance... except for the one fact that they are not registered with the CFTC, NFA, or any such organizations. And to be quite honest, this is my only main concern.

Now ive been demoing with them for the past month or so and I plan on opening a live account. So my question is, for anyone who has used them/currently using them, would you suggest using them or not?

Any feedback is greatly appreciated..

PS - Oh and the other thing that has me concerned is the Belize Notice sent out to NF and their clients. From the past posts about that I wasnt sure if it is a bad thing or not?

One of my accounts is with them and I have no problem at all (knock on wood ). They are pretty good specially their customer service is fast.

that seems to make me want to trust them more than some others is that they put disclosed measures in place to protect themselves during news.

I think you can't set a TP (maybe stop loss also?) any closer than 10? pips from current position. And you are supposed to hold your positions for 10 mins.

From what I read in Forums there are somethings that are scary for me (but it doesn't mean it has to be for others):
- registered in Belize
- Support in Cyprus
- servers in Russia

Otherwise, as long as everything goes well (i.e; that in average their customers loose more money than they win. I mean globally not for each individual customer) probably it may be a good Broker.

The only question is what if NF gets into trouble?

We know that for trading it is wise to have a stop loss. I think that for brokers we also should try to know what is the "stop loss": i.e; what could happen in the worst case.

Also be careful on the positive comments on forums, because it's clear that in several forums (like forex-tsd) NF has send their "boys" for promotion.

Hello everyone,

It seems to me that we can only see the good side of northfinance and I am also thinking of opening a small accout to try. However when I look at their trading rules #2, there is something I am worried about: "The Company reserves the right not to execute the order"

Does anyone have problem that they didn't execute your take profit order previously??

Hi there,

As far as i concerned they are in process of registering/regulating in EU, which is good by the way. I use them; like others, nothing bad to say... The other thing i really would like to mention is their customer treatment - excellent nf!
I have a friend who is with them for almost 4yrs , he never had any problem too(included this info coz i find long term testing/using more reliable than short term)

Hope this help

Cheers

I'm also have a live account with NF for 1 year now, which i have to say they are perfect broker as ever i see, they have best custumer support and best dealler room support, and best withdraw system, and many many other as well,i found them honest and care about their custumers.... Never had a problem with them so far.