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Score

6.10 /10
Average

Naqdi

South Africa

2-5 years

Regulated in South Africa

Retail Forex License

MT5 Full License

Global Business

https://naqdi.com

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index4.62

Business Index6.15

Risk Management Index9.44

Software Index9.32

License Index4.62

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Naqdi group (PTY) LTD

Company Abbreviation

Naqdi

Platform registered country and region

South Africa

Company website

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Company summary

Pyramid scheme complaint

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Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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Disgusting broker

Terrible broker... First they convince you to deposit the maximum amount. I refused the offer because the broker is unknown to me. I deposited $300 through the Tron network. They claimed that there was no commission on the standard account for the Bitcoin-dollar pair. In the end, there was a commission. Additionally, order execution took about 1.5 seconds. I requested a withdrawal. It turned out that they couldn't return the deposit to my wallet. I sent them a new wallet address. They say they sent it, but the funds haven't arrived. It's already the 4th day, the funds are shown as sent in my account, but I haven't actually received them. I asked them to send the transaction hash, but they are silent. I DO NOT RECOMMEND THIS BROKER! In my opinion, they are just another group of scammers.

Andrei2203
2024-10-03 16:32
Naqdi · Company summary
Naqdi Review Summary
Founded2010
Registered Country/RegionSouth Africa
RegulationFSCA
Market InstrumentsForex, indexes, shares, metals, commodities
Demo Account✅($100,000 in virtual funds)
LeverageUp to 1:500
SpreadFrom 1.4 pips (Standard account)
Trading PlatformMT5
Min Deposit0
Customer Support24/5 support
Live chat, contact form
Tel: +971 600 556 000, +971 600 556 000
South Africa Office: 106, 4th Floor, TBE, 96 Rivonia Road, Sandton, Johannesburg, 2191
Dubai Office: Office 2502, Boulevard Plaza Tower 1, Dubai, UAE

Founded in 2010, Naqdi is a Straight-Through Processing (STP) broker registered in South Africa, regulated by South Africas Financial Sector Conduct Authority (FSCA). It offers trading in forex, indexes, shares, metals, and commodities with leverage up to 1:500 and spread from 1.4 pips on the Standard account through the leading MT5 platform. Demo accounts are available and there is no minimum deposit requirement to open a live account.

Naqdi's homepage

Pros and Cons

ProsCons
Diverse tradable assetsNo MT4
Multiple account typesNo 24/7 support
Demo accounts
Commission-free accounts offered
MT5 platform
No minimum deposit
Popular payment options
Live chat support

Is Naqdi Legit?

Yes, Naqdi is a legitimate broker. It is regulated by the Financial Sector Conduct Authority (FSCA).

FSCA
Financial Sector Conduct Authority (FSCA)
Current StatusRegulated
Regulated bySouth Africa
Regulated EntityNaqdi group (PTY) LTD
License TypeRetail Forex License
License No.51598
Regulated by FSCA
Domain information

What Can I Trade on Naqdi?

Naqdi offers five trading products, covering more than 60 forex pairs, more than 100 indices, more than 1,500 stocks, precious metals and a variety of commodities.

Tradable InstrumentsSupported
Forex✔
Metals✔
Commodities✔
Indexes✔
Shares✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on Naqdi?

Account Type

Account TypeMin DepositIdeal for
Standard 0New traders
Premier/High-volume traders
Elite/Experienced traders

Naqdi also provides demo accounts with $100,000 in virtual funds.

Account comparison

Naqdi Fees

Account TypeSpreadCommission
Standard From 1.4 pips❌
PremierFrom 0.9 pips❌
EliteFrom 0.0 pips$2.5 per standard lot per side
Spread

Leverage

The leverage is capped at 1:500 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, mobileExperienced trader
MT4❌/Beginners

Deposit and Withdrawal

Naqdi accepts payments via MasterCard, Skrill, VISA, NETELLER, M-PESA, SwiftyEft, and Tether.

Payment options

User Reviews

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User comment

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Comments

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Andrei2203
more than one year
Отвратительный брокер... Сначала убеждают пополнить счет на максимальную сумму. Отказался от предложения, так как брокер неизвестен мне. Пополнил на 300 долларов через сеть Трон. Убеждали, что комиссия на стандартном счете по паре биткойн-доллар отсутствует. В итоге оказалось, что комиссия есть. Кроме того, исполнение ордеров было около 1,5 секунд. Подал заявку на вывод средств. Оказалось почему-то, что не могут вернуть на кошелёк пополнения. Прислал им новый адрес кошелька. Говорят, что отправили, но средства не поступили. И так уже 4-ый день, средства в личном кабинете числятся как отправленные, на самом деле не получил. Попросил прислать хеш транзакции, пока молчат. НЕ СОВЕТУЮ ДАННОГО БРОКЕРА! По-моему, из очередного пула мошенников.
Отвратительный брокер... Сначала убеждают пополнить счет на максимальную сумму. Отказался от предложения, так как брокер неизвестен мне. Пополнил на 300 долларов через сеть Трон. Убеждали, что комиссия на стандартном счете по паре биткойн-доллар отсутствует. В итоге оказалось, что комиссия есть. Кроме того, исполнение ордеров было около 1,5 секунд. Подал заявку на вывод средств. Оказалось почему-то, что не могут вернуть на кошелёк пополнения. Прислал им новый адрес кошелька. Говорят, что отправили, но средства не поступили. И так уже 4-ый день, средства в личном кабинете числятся как отправленные, на самом деле не получил. Попросил прислать хеш транзакции, пока молчат. НЕ СОВЕТУЮ ДАННОГО БРОКЕРА! По-моему, из очередного пула мошенников.
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2024-10-03 16:32
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