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No Regulation
Score
1.08 /10
Danger
NOKTRADE
Within 1 yearSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index3.70
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-15
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| NOKTRADE Review Summary | |
| Founded | 2024-01-29 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Commodities, Stock CFDs, Cryptocurrency |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.7 pips |
| Trading Platform | MT5(Desktop(Windows)/ Web/Mobile(ios/android)) |
| Min Deposit | $100 |
| Customer Support | Phone:+6621280103+66522548479 |
| Email: support@noktrade.com | |
| Live chat | |
| Social Media: Facebook, Twitter, YouTube | |
NOKTRADE Information
NOKTRADE is a broker. The tradable instruments, with three account types with a maximum leverage of 1:500, such as Standard, ECN, and Swap Free Account, include forex, indices, commodities, stock CFDs, and cryptocurrency. The floating spread is from 0.7 pips and the minimum deposit is $100. NOKTRADE is still risky due to its unregulated status and high leverage.
Pros and Cons
| Pros | Cons |
| Demo available | Unregulated |
| Support MT5 | No educational resources |
| Leverage up to 1:500 | No Islamic account |
| Spread from 0.7 pips | No commission and withdrawal fee information |
| 24/7 chat support | |
| Various instruments: Forex, Indices, Commodities, etc. | |
| Swap free |
Is NOKTRADE Legit?
NOKTRADE is not regulated, which makes it less safe than regulated brokers.
What Can I Trade on NOKTRADE?
NOKTRADE provides various tradable instruments and traders can invest in forex, indices, commodities, stock CFDs, and cryptocurrency.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stock CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
NOKTRADE has three accounts due to different deposits, namely Standard, ECN, and Swap Free Account. Traders who want a deposit can open a standard account requiring a minimum deposit of $100. Instead, open a Swap Free account with a minimum deposit of $5000, which is so high.
| Account Type | Standard | ECN | Swap Free |
| Minimum Deposit | $100 | $500 | $5000 |
| Spread | From 1.4 pips | From 1.4 pips | From 1.4 pips |
| Trade size | 0.01 lots | 0.01 lots | 0.01 lots |
| Platform | MT5 | MT5 | MT5 |
| Leverage | 1:500 | 1:500 | 1:500 |
| Swap | Yes | Yes | Yes |
| Currencies | USD | USD | USD |
NOKTRADE Fees
Traders who open NOKTRADE accounts will enjoy swap-free and the same spreads starting from 1.4 pips, while floating spreads are from 0.7 pips.
Leverage
The maximum leverage is 1:500, meaning that profits and losses are magnified 500 times.
Trading Platform
NOKTRADE has an authoritative MT5 for Desktop, Web, and Mobile. Compared with MT4, MT5 is more suitable for experienced traders because of its more in-depth data processing and charting tools.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Desktop(Windows)/ Web/Mobile(iOS/android) |
Deposit and Withdrawal
The minimum deposit is $100. NOKTRADE offers multiple deposit and withdrawal methods processed within 3 days, including Bank Transfer, Credit/Debit card, Local Transfer, and USDT.
Customer Support Options
NOKTRADE provides 24/7 chat support, and traders can contact the broker via phone, email, and live chat. Please distinguish between NOKTRADE global and local business phone numbers.
| Contact Options | Details |
| Phone | +6621280103+66522548479 |
| support@noktrade.com | |
| Live chat | ✔ |
| Social Media | Facebook, Twitter, YouTube |
| Supported Language | English, French, German, Irish, Malay, Vietnamese |
| Website Language | English, French, German, Irish, Malay, Vietnamese |
| Physical Address | 114 Narathiwas Road, Silom, Bangrak, Bangkok 10500.Thailand. |
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