Anybody know anyting about northfinance.com broker?

Hello people.

Im currently using fxsol.com broker and found this new broker northfinance.com, the got 500:1 leverage and spread on eur/usd is 2 pips which is better than on fxsol broker, so I am wondering if anyone had this broker or if anyone knows anything about this broker.

I would like to know your honest opinion.

Appreciate your help.

Hi,
the first time i start trading, i open account from northfinance,well the first month i use it, there's almost no problem, but then when i waiting a news,NFP,one minute before i get no connection(I exactly remember because i get a big loss that day, i don't use stop that day T_T). Well from that day, if i don't forget i experinced the same thing again twice..Well i don't mean to badmouth about northfinance, but that waht i experience,i don't know if there's someone outhere who happy using it, but that's not me.Now i using Interbank FX, sofar i using it there no problem( 2month trading).

Warm regard

Been with them since 2006. No slippage except once long time ago and it was like 6 pips. Tried to raise spreads during news for a while then stopped doing that. Connection trouble solved. Heard once a rumour and withdrew all my money, then went back and deposited. A friend of mine was trading FOMC rate decision without a SL, he couldn't close his position although it went in profit, it ended up eating his full account, he e-mailed them, they closed it in 0 profit. I've been trading the same report but with a SL and couldn't close either, market ended up hitting my SL, I also e-mailed them and they closed my positon in 0 profit. I once had a target hit but position didn't close, and went the other way, I e-mailed them and they gave me back all the profit. 2 disadvantages: 10 pip minimum stop-loss, take profit, entry. You can't close a position during news no matter what, but you can move stoploss.

I am using demo account with NF. Everytime I use their live chat service, the rep. never answers my question and gives me an email address to send my question to. During the last chat session, the rep. gave me the email address for NF support, sales, and information and said for me to pick one. I asked which one, and he said that my email will be forwarded to the technical department. I asked why not just give me the email address of the technical department, and he said that is only given to non-demo account holders!

I really appreciate everybody for their honest opinions about your experience with this broker. I am current user of fxsol broker and why I was interested in northfinance is their leverage 500:1 made me interested in.

Just be aware that leverage could kill you.

i've trader with NF which was my 2nd broker after i dump FXCM....

at first they were practically equal with FXCM ...disconnection, huge spread during high volatility and the list goes on...im kinda regret to choose this broker...but i stayed...

but...they keep on improving their servers and their customer service is top notch apart from the english stuff... ok they are still retail brokers...slippage spread widen bla bla...but on an acceptable level..spread widen no more than 3 pips...usually 1-2 only... customer support fast and will direct to the supervisor incharge if i asked them to do so... disconnection... couple of times in a month during news..but only for like less than a minute... usually during high volatility...but they improved a lot during NFP ...

the only concern now is bout the e-gold issue... they accept e-gold for funding purpose but im afraid due to the latest e-gold problem that might effect NF itself... although im using wire TT... its all depends... im planning to open another account at another broker but i wont dump NF since they served me well so far... 7 out of 10..

well...im just afraid bout the egold issue... hope it wont effect NF if egold goes down.. coz one thing for sure NF is not regulated to any international board but they claimed they regulated locally (russia)

just my 2 pips

They can steal all there client's money and walk out the back door and there won't be nobody there to stop them.

yeah...that's exactly what im afraid of.....

Just like Refco, the biggest broker of them all?
In the end, you can never be guaranteed safe return of your money from any broker, regulated or not.

in a way its true... well im sticking with NF and the other one (NFA regulated) but in terms of service other factor..NF wins

go with who ever you like.