Naqdi Forex broker specializes in providing foreign exchange trading services, the company's official website https://client.naqdi.com/register-live-trading-account-F1, the company's legitimate regulatory information South AfricaFSCARetail Forex License, to enhance the security of the company's address 106, 4t Floor, TBE 96 Rivonia Road Sandton Johannesburg 2191.
Naqdi Forex Broker
Basic information
South Africa
2-5 years Regulated in South Africa Retail Forex License MT5 Full License Global BusinessCompany profile
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.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | No MT4 |
| Multiple account types | No 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).
| Financial Sector Conduct Authority (FSCA) | |
| Current Status | Regulated |
| Regulated by | South Africa |
| Regulated Entity | Naqdi group (PTY) LTD |
| License Type | Retail Forex License |
| License No. | 51598 |
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 Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indexes | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit | Ideal for |
| Standard | 0 | New traders |
| Premier | / | High-volume traders |
| Elite | / | Experienced traders |
Naqdi also provides demo accounts with $100,000 in virtual funds.
Naqdi Fees
| Account Type | Spread | Commission |
| Standard | From 1.4 pips | ❌ |
| Premier | From 0.9 pips | ❌ |
| Elite | From 0.0 pips | $2.5 per standard lot per side |
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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, mobile | Experienced trader |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Naqdi accepts payments via MasterCard, Skrill, VISA, NETELLER, M-PESA, SwiftyEft, and Tether.
Rating Index
Elite Account
Premier Account
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Latest Reviews
Andrei2203
Russia
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.
Exposure
2024-10-03
FX2432110702
India
Great logo and reader
Positive
2025-03-12