Any Idea About North Finance??? | Forex Factory

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Any Idea About North Finance???

  • #1
  • First Post: May 24, 2008 5:20am May 24, 2008 5:20am
Hi Guy's
I am thinking to switch from my current Broker to Noth Finance.
http://www.northfinance.com/
AnyOne have any experience or idea about this broker? What kind of broker is this??
As they offer Almost all the pair's with stock & commodities & i also want to trade in them. Any idea about North Finance & Odl ? what you think which one is batter to chose?
Thank's.
  • #2
  • May 24, 2008 5:36am May 24, 2008 5:36am
I would choose ODL if the choice was between these two brokers. I think you might want to wait and see how the North thing sorts out. See thread.

ODL is regulated in the US by the NFA and in the UK by the FSA.
  • #3
  • May 24, 2008 5:46am May 24, 2008 5:46am
Quoting nvwine
I would choose ODL if the choice was between these two brokers. I think you might want to wait and see how the North thing sorts out. See thread.

ODL is regulated in the US by the NFA and in the UK by the FSA.
OMG!!!
Thanks for the Link Nvwine .
  • #4
  • May 24, 2008 5:55am May 24, 2008 5:55am
I should add that I have never had a live account with North. Other people may be in a better position to give positive feedback on them. I do not know enough about FXPro to make an evaluation. I just wanted you to study up on the current situation.
  • #5
  • May 24, 2008 6:09am May 24, 2008 6:09am
Quoting nvwine
I should add that I have never had a live account with North. Other people may be in a better position to give positive feedback on them. I do not know enough about FXPro to make an evaluation. I just wanted you to study up on the current situation.
Well i was reading NF's Rating on F.B.Com
http://www.forexpeacearmy.com/public....com?perpage=0
Seems preety fair to me but maybe People dont believe on F.B's rating as i was reading a thread also here in FF That F.B Rating is Spam also see this Youtube video
Inserted Video

After watching this do you still think that people believe F.B's rating? So that's why i asked about NF In this thread but i was totally unaware about NF's current situation. Thank's again for posting the link as the only thing i like in NF is lot of Cuurency Pair's with Commodities & stock & My current broker is not offering stock & commodities.
PipHacker
  • #6
  • May 24, 2008 6:19am May 24, 2008 6:19am
Sorry but NorthFinance is moving this month to fxpro.com and I donīt recommend you to open an account there.
  • #7
  • May 24, 2008 7:43am May 24, 2008 7:43am
Quoting joselb
Sorry but NorthFinance is moving this month to fxpro.com and I donīt recommend you to open an account there.
Any reason why or....?
  • #8
  • May 24, 2008 2:11pm May 24, 2008 2:11pm
Well, fxpro is well regulated in Europe (NorthFinance was not) but both are only bucketshops and they paralize the server when they want to go against all traders. Itīs not the first time that mt4 brokers do the same from time to time. For example I was scammed by interbankfx in the same manner.

I recommend you moving to an ECN broker.
  • #9
  • May 25, 2008 9:49am May 25, 2008 9:49am
ECN brokers have their own problems but they are much better than market maker brokers
  • #10
  • May 25, 2008 4:45pm May 25, 2008 4:45pm
northfinance is moving to fxpro .. and u cant open any new account anyway
existing member if there were no position opened is asked to move to fxpro
it took less than 5 minutes , same history account , same leverage same account nothing changed .... only different broker ...
  • #11
  • May 25, 2008 11:34pm May 25, 2008 11:34pm
Quoting kalz
northfinance is moving to fxpro .. and u cant open any new account anyway
existing member if there were no position opened is asked to move to fxpro
it took less than 5 minutes , same history account , same leverage same account nothing changed .... only different broker ...
Now i think NF Is moved to fxpro.http://www.northfinance.com/
If you now open Nf's site than you will find Fxpro.
But now still they are offering large no. of currency pair's with stock & commodities. I have no experience with fxpro also. Anyone here in this ff forum have any idea about fxpro. ? thank's
  • #12
  • May 25, 2008 11:40pm May 25, 2008 11:40pm
Quoting joselb
Well, fxpro is well regulated in Europe (NorthFinance was not) but both are only bucketshops and they paralize the server when they want to go against all traders. Itīs not the first time that mt4 brokers do the same from time to time. For example I was scammed by interbankfx in the same manner.

I recommend you moving to an ECN broker.
Ahh I just read your post. Strage to know that they paralized their platform when they wana go against all the traders
Well i think any ECN is not offering that large no. of currency pairs with stock & commodities i just guess???
  • #13
  • May 26, 2008 12:33am May 26, 2008 12:33am
Hey guys been with FX pro for a while and never had any problems with them.

Performed hundreds of live trades without so much as a hiccup. But then I dont scalp or trade news... Anyhow money seems to flow in and out as well same as any North American broker.

I really like being able to trade cfds as well with fx pro.

Anyhow lots of choices. Good luck

Bluesteele
Master your Mind,,,Master the Market
  • #14
  • May 26, 2008 3:00am May 26, 2008 3:00am
PipHacker,
I moved to mbtrading/efxgroup without problems but if you open an account to trade in Forex then you can only trade in Forex, not in futures or something else.

Bluesteel: great to know your opinion, only some question: do they paralize the server from time to time?, because I have seen it even in the fxpro demo account..., can you honestly tell us which strange things have you suffered with them?
  • #15
  • May 26, 2008 3:20am May 26, 2008 3:20am
joselb, does the FXPro demo server get paralyze? How long have you been using their demo?
  • #16
  • May 26, 2008 4:14am May 26, 2008 4:14am
Quoting joselb
PipHacker,
I moved to mbtrading/efxgroup without problems but if you open an account to trade in Forex then you can only trade in Forex, not in futures or something else.
I have heard about Mbt & Efx group that both are very honest & good brokers & Scalpers first choice. Well my current broker is offering almost all the currency pairs but with no stock & commodities so i want to switch myself from my current broker to any other which provides almost all pairs with stock and commodities coz i also want to do trade with them. But i think Any ECN is not dealing with stock and commodities also ... i just guess???
  • #17
  • May 26, 2008 4:18am May 26, 2008 4:18am
Quoting limzye
joselb, does the FXPro demo server get paralyze? How long have you been using their demo?
Well i am using FxPro.'s demo from last couple of day's including today also & so far with my that little experience with thier demo i never feel this problem
  • #18
  • May 26, 2008 5:00am May 26, 2008 5:00am
the only reason fxpro, would be on any list of mine, is because of the futures, commodities, indexes, and cfds...of course forex major and exotic. fxpro is the only broker thus far I've run into that offers all of this.
  • #19
  • Edited 8:33pm May 26, 2008 7:34pm | Edited 8:33pm
Interactive brokers has forex,stocks, futures etc.
They are true ECN, and one of the most reputable brokers around.
  • #20
  • May 27, 2008 1:07am May 27, 2008 1:07am
Im trading live with FxPro, i did not come from NF but just saw there ad.. and the story begins ))

So far so good, no probs on trading at all, depos and withdrawals can be done via credit cards + paypal etc, which makes the process fast and easy.

Truly regulated brokerage, as they are europeans, MiFID and bla bla bla, found them on FSA web site: http://www.fsa.gov.uk/register/firmB....do?sid=196534, my concerns were satisfied after my investigation on that.

I'll keep on looking at the thread
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