NOKTRADE

WikiFX | 2024-10-28 18:36

Abstract：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.

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
Email	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.