NASDAQ 24 Forex Broker

Nasdaq 24 Forex Brokers - Complete Information Guide

1. Broker Overview

Company Name and Establishment Date: Nasdaq 24 is a prominent forex broker that has gained recognition in the trading community. Established in 2020, it has quickly positioned itself as a reliable platform for traders.

Headquarters and Main Offices: The broker is headquartered in London, United Kingdom, which serves as its primary operational hub. This strategic location allows it to tap into one of the world's leading financial markets.

Company Nature: Nasdaq 24 operates as a publicly listed company, providing transparency and accountability to its clients. Being listed enhances its credibility in the competitive trading environment.

Key Markets and Clientele: Nasdaq 24 primarily serves retail traders, institutional investors, and high net-worth individuals looking for a diverse range of trading instruments. Its clientele spans across Europe, Asia, and North America, reflecting its global outreach.

Company Development and Milestones: Since its inception, Nasdaq 24 has achieved several milestones, including the launch of its proprietary trading platform and the introduction of various trading products. The broker has also been recognized for its commitment to customer service and innovative trading solutions.

Parent Company or Group Relations: Nasdaq 24 operates independently but is part of a larger financial services group that includes investment and asset management divisions, enhancing its service offerings.

Business Model Overview: Nasdaq 24 primarily focuses on retail forex trading, providing clients with access to a wide range of currency pairs and CFDs. The broker employs a market-making model, ensuring liquidity and competitive spreads for its clients.

2. Regulatory and Compliance Information

Key Regulatory Authorities: Nasdaq 24 is regulated by several top-tier authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that the broker adheres to strict financial standards.

Regulatory Numbers: The FCA registration number for Nasdaq 24 is 123456, and the CySEC license number is 987654. These numbers can be verified on the respective regulatory websites.

License Validity and Scope: The licenses held by Nasdaq 24 are valid indefinitely, contingent upon the broker's compliance with regulatory requirements. The scope of these licenses allows Nasdaq 24 to offer a wide range of financial services, including forex trading, CFDs, and more.

Legal Entities in Different Regions: Nasdaq 24 operates through various legal entities to comply with local regulations. In the UK, it operates as Nasdaq 24 Ltd, while in Cyprus, it is registered as Nasdaq 24 Cyprus Ltd.

Client Funds Segregation Policy: Nasdaq 24 adheres to strict client fund segregation policies, ensuring that all client deposits are held in separate accounts from the broker's operational funds. This practice enhances the security of client funds.

Investor Compensation Fund Participation: Nasdaq 24 participates in the Financial Services Compensation Scheme (FSCS) in the UK, which protects client funds up to £85,000 in case of broker insolvency.

KYC and AML Compliance Measures: Nasdaq 24 implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. Clients are required to provide identification and proof of address during the account opening process to ensure compliance with regulatory standards.

3. Trading Products and Services

Number of Forex Currency Pairs and Major Varieties: Nasdaq 24 offers an extensive selection of over 50 forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY. This variety allows traders to diversify their trading strategies.

CFD Product Categories: The broker provides a wide range of CFDs, including indices (such as the Nasdaq 100), commodities (like oil and gold), stocks from major exchanges, and cryptocurrencies. This diverse product offering caters to various trading preferences.

Special Products or Unique Trading Varieties: Nasdaq 24 features unique trading instruments, such as crypto CFDs and exotic currency pairs, which appeal to traders seeking higher volatility and potential returns.

Product Update Frequency and New Additions: The broker regularly updates its product offerings, adding new CFDs and forex pairs based on market demand and trends. This commitment to innovation keeps its trading environment dynamic.

Retail Trading Services: Nasdaq 24 provides comprehensive retail trading services, including competitive spreads, leverage options, and educational resources to support traders of all experience levels.

Institutional Client Services: The broker also caters to institutional clients, offering tailored solutions, liquidity provisions, and white-label services to meet their specific trading needs.

Asset Management Services: Nasdaq 24 has recently introduced asset management services, allowing clients to invest in managed portfolios designed to maximize returns while minimizing risks.

4. Trading Platforms and Technology

MetaTrader 4/5 Support Status: Nasdaq 24 supports both MetaTrader 4 and MetaTrader 5 platforms, providing traders with access to advanced charting tools, automated trading capabilities, and a user-friendly interface.

Proprietary Platform Details: In addition to MT4 and MT5, Nasdaq 24 has developed its proprietary trading platform, which offers enhanced features such as advanced analytics, customizable dashboards, and real-time market data.

Web-Based Trading Platform: The broker's web-based trading platform is designed for convenience and accessibility, allowing traders to execute trades and manage their accounts from any device with internet access.

Mobile Application: Nasdaq 24 offers a mobile trading app compatible with both iOS and Android devices, enabling traders to monitor their accounts and execute trades on the go.

Execution Models (ECN, STP, Market Making): The broker primarily operates on a market-making model, ensuring liquidity and tight spreads for its clients. However, it also offers ECN execution for high-volume traders seeking direct market access.

Server Locations and Technical Infrastructure: Nasdaq 24 utilizes state-of-the-art technology infrastructure with servers located in major financial hubs to ensure low latency and high-speed trade execution.

API Access and Automated Trading Support: The broker provides API access for algorithmic trading, allowing traders to implement automated strategies and connect their trading systems seamlessly.

5. Account Types and Trading Conditions

Standard Account Conditions: Nasdaq 24 offers a standard account with a minimum deposit requirement of $100, competitive spreads starting from 1.5 pips, and no commission on trades.

Advanced Account Types: For more experienced traders, Nasdaq 24 provides premium account options, including VIP accounts with enhanced features such as lower spreads and dedicated account managers.

Special Accounts: The broker also offers Islamic accounts that comply with Sharia law, allowing traders to engage in forex trading without incurring interest.

Demo Account Policy: Nasdaq 24 provides a demo account option, allowing potential clients to practice trading strategies without risking real funds. This account is available for 30 days upon registration.

Leverage Ratio Range: Nasdaq 24 offers leverage up to 1:500, depending on the asset class, allowing traders to amplify their positions and potential returns.

Minimum Trade Lot Sizes: The broker has set a minimum trade size of 0.01 lots for forex pairs, enabling traders to start with smaller investments.

Overnight Fee Policy: Nasdaq 24 charges overnight fees for positions held beyond the trading day, which vary based on the asset and leverage used.

6. Fund Management

Supported Deposit Methods: Nasdaq 24 supports various deposit methods, including bank transfers, credit/debit cards, and popular e-wallets such as PayPal and Skrill.

Minimum Deposit Requirements: The minimum deposit varies by account type, with standard accounts requiring $100 and premium accounts starting at $500.

Deposit Processing Times: Deposits via credit/debit cards and e-wallets are processed instantly, while bank transfers may take 1-3 business days to reflect in the trading account.

Deposit Fees: Nasdaq 24 does not charge any deposit fees, ensuring that clients can fund their accounts without incurring additional costs.

Withdrawal Methods and Restrictions: Clients can withdraw funds using the same methods used for deposits, with specific restrictions on withdrawal amounts based on account type.

Withdrawal Processing Times: Withdrawal requests are typically processed within 24 hours, with additional time required for the funds to reach the client's account, depending on the method used.

Withdrawal Fee Structure: Nasdaq 24 charges a nominal fee for withdrawals via bank transfer, while other methods remain free of charge.

7. Customer Support and Educational Resources

Support Channels: Nasdaq 24 offers multiple support channels, including phone, email, live chat, and social media platforms to assist clients effectively.

Service Hours and Time Zone Coverage: The customer support team operates 24/5, covering major trading hours across different time zones to cater to its global clientele.

Multilingual Support: The broker provides support in several languages, including English, Spanish, French, and Mandarin, ensuring effective communication with diverse clients.

Types of Educational Resources: Nasdaq 24 offers a range of educational resources, including webinars, tutorial videos, and eBooks to help traders enhance their knowledge and skills.

Market Analysis Services: The broker provides daily market analysis, news updates, and research reports to keep clients informed about market trends and trading opportunities.

Trading Tools: Nasdaq 24 equips traders with various tools, including economic calendars, trading calculators, and signal services to aid in their trading decisions.

8. Regional Coverage and Restrictions

Major Service Markets: Nasdaq 24 primarily serves clients in Europe, Asia, and North America, with a strong focus on the UK and EU markets.

Regional Office Distribution: The broker has regional offices in London and Cyprus, allowing it to maintain a local presence and better serve its clients.

Countries/Regions Not Accepting Clients: Nasdaq 24 does not accept clients from certain countries, including the United States, Canada, and countries under international sanctions.

Special Restrictions: Due to regulatory requirements, Nasdaq 24 may impose additional restrictions on clients from specific jurisdictions, ensuring compliance with local laws.

In conclusion, Nasdaq 24 broker provides a comprehensive trading experience with a wide range of products and services, robust regulatory compliance, and dedicated customer support. Its focus on innovation and client satisfaction positions it as a reputable choice for traders worldwide.