Naqdi Review SummaryFounded2010Registered Country/RegionSouth AfricaRegulationFSCAMarket InstrumentsForex, indexes, shares, metals, commoditiesDemo Account✅($100,000 in virtual funds)LeverageUp to 1:500SpreadFrom 1.4 pips (Standard account)Trading PlatformMT5Min Deposit0Customer Support24/5 supportLive chat, contact formTel: +971 600 556 000, +971 600 556 000South Africa Office: 106, 4th Floor, TBE, 96 Rivonia Road, Sandton, Johannesburg, 2191Dubai 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.Pros and ConsProsConsDiverse tradable assetsNo MT4Multiple account typesNo 24/7 supportDemo accountsCommission-free accounts offeredMT5 platformNo minimum depositPopular payment optionsLive chat supportIs Naqdi Legit? Yes, Naqdi is a legitimate broker. It is regulated by the Financial Sector Conduct Authority (FSCA).Financial Sector Conduct Authority (FSCA)Current StatusRegulatedRegulated bySouth AfricaRegulated EntityNaqdi group (PTY) LTDLicense TypeRetail Forex LicenseLicense No.51598What 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 InstrumentsSupportedForex✔Metals✔Commodities✔Indexes✔Shares✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositIdeal forStandard 0New tradersPremier/High-volume tradersElite/Experienced traders Naqdi also provides demo accounts with $100,000 in virtual funds.Naqdi FeesAccount TypeSpreadCommission Standard From 1.4 pips❌PremierFrom 0.9 pips❌EliteFrom 0.0 pips$2.5 per standard lot per sideLeverage 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 PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Desktop, mobileExperienced traderMT4❌/BeginnersDeposit and Withdrawal Naqdi accepts payments via MasterCard, Skrill, VISA, NETELLER, M-PESA, SwiftyEft, and Tether.