NRDX Review - Does It Offer No Minimum Deposit Bonus? - WikiFX

WikiFX | 2025-04-27 16:48

Abstract：NRDX offers stocks, forex, and CFD trading with a $1 min deposit and a demo account for testing. It provides the MT5 platform and its own NRDX platform.

NRDX Review Summary
Founded	1995
Registered Country/Region	South Africa
Regulation	FSCA (Suspicious Clone)
Market Instruments	Stocks, forex, and CFDs
Demo Account	✅
Leverage	Up to 1:500
Spread	/
Trading Platforms	NRDX platform, MT5
Minimum Deposit	$1
Customer Support	Contact form, live chat (24/7)
	Phone: +357 22278304
	Email: support@nrdx.com
	Address: Office 202 2nd Floor Ingenuity Park, 3 Nandi Mthembu Drive, Ballito, 4420, South Africa
	Twitter, Facebook, LinkedIn, TikTok, Instagram, YouTube

NRDX, founded in 1995 and registered in South Africa, is a broker offering stocks, forex, and CFD trading with a $1 min deposit and a demo account for testing. It provides the MT5 platform and its own NRDX platform. However, a major red flag exists: NRDX holds a “suspicious clone” license with South Africas FSCA.

Pros and Cons

Pros	Cons
MT5 platform	Suspicious clone FSCA license
Diverse account types	High leverage risks
Multiple customer support channels	Limited info on fees
Low minimum deposit
Demo accounts available

Is NRDX Legit?

At present, NRDX holds a suspicious clone Financial Service Corporatelicense from the Financial Sector Conduct Authority (FSCA). Please pay high attention to the safety of your funds if you choose this broker.

Regulated Country	Regulated Authority	Regulated Entity	Current Status	License Type	License Number
	The Financial Sector Conduct Authority (FSCA)	NRDX (PTY) LTD	Suspicious Clone	Financial Service Corporate	49648

What Can I Trade on NRDX?

On NRDX, you can trade with stocks, forex, and CFDs.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Stocks	✔
Bonds	❌
Options	❌
ETFs	❌
Mutual Funds	❌

Account Type

For Real Stocks, the minimum deposit is $1 for the Silver account.

Account Type	Silver	Gold	Diamond
Minimum Deposit	$1 - 10K	$10K+ - 50K	$50K+
Maximum Leverage	1:2	1:3	1:4
Minimum Commission per Ticket	$1.75	$1.50	$1.25
US Stocks Commission per Share	$0.01
Market Data Monthly	$4.50	$3.50	$2.50
Overnight Leverage	0.01%	❌	❌

For FX/CFDs, there are other three types of accounts also with a min deposit requirement of $1.

Account Type	Standard	Pro	Zero
Minimum Deposit	$1	$30	$1

Leverage

The maximum leverage is up to 1:500 for FX/CFDs. Please note that high leverage can amplify both profits and losses.

Account Type	Standard	Pro	Zero
Maximum Leverage	1:500	1:400	1:400

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	Windows, iOS, MAC, Android	Beginners
MT5	✔	Windows, Linux, iOS, MAC, Android	Experienced traders
NRDX platform	✔	/	/

Deposit and Withdrawal

Payment Method	Minimum Deposit	Deposit Time	Minimum Withdrawal	Withdrawal Time
Visa, Mastercard, Maestro, Diners Club, Discover, AMEX	$10	Instant	$50	Instant
Wallets
Apple Pay, Google Pay	$10	Instant	$50	Instant
Crypto
USDT	$10	Instant	$50	Instant
Wire Transfer
Bank Transfer	$100	3-5 business days	$100	3-5 business days