NRDX Forex Broker

NRDX Review Summary Founded1995 Registered Country/RegionSouth Africa RegulationFSCA (Suspicious Clone) Market InstrumentsStocks, forex, and CFDs Demo Account✅ LeverageUp to 1:500 Spread/ Trading PlatformsNRDX platform, MT5 Minimum Deposit$1 Customer SupportContact form, live chat (24/7) Phone: +357 22278304 Email: support@nrdx.com Address: Office 202 2nd Floor Ingenuity Park, 3 Nandi Mthembu Drive, Ballito, 4420, South Africa Twitter, Facebook, LinkedIn, TikTok, Instagram, YouTube NRDX, founded in 1995 and registered in South Africa, is a broker offering stocks, forex, and CFD trading with a $1 min deposit and a demo account for testing. It provides the MT5 platform and its own NRDX platform. However, a major red flag exists: NRDX holds a “suspicious clone” license with South Africas FSCA.Pros and Cons Pros Cons MT5 platformSuspicious clone FSCA license Diverse account typesHigh leverage risks Multiple customer support channelsLimited info on fees Low minimum deposit Demo accounts availableIs NRDX Legit? At present, NRDX holds a suspicious clone Financial Service Corporatelicense from the Financial Sector Conduct Authority (FSCA). Please pay high attention to the safety of your funds if you choose this broker. Regulated CountryRegulated AuthorityRegulated EntityCurrent StatusLicense TypeLicense Number The Financial Sector Conduct Authority (FSCA)NRDX (PTY) LTDSuspicious CloneFinancial Service Corporate49648What Can I Trade on NRDX? On NRDX, you can trade with stocks, forex, and CFDs. Tradable Instruments Supported Forex✔ CFDs✔ Stocks✔ Bonds❌ Options❌ ETFs❌ Mutual Funds❌Account Type For Real Stocks, the minimum deposit is $1 for the Silver account. Account TypeSilverGoldDiamond Minimum Deposit$1 - 10K$10K+ - 50K$50K+ Maximum Leverage1:21:31:4 Minimum Commission per Ticket$1.75$1.50$1.25 US Stocks Commission per Share$0.01 Market Data Monthly$4.50$3.50$2.50 Overnight Leverage0.01%❌❌ For FX/CFDs, there are other three types of accounts also with a min deposit requirement of $1. Account TypeStandardProZero Minimum Deposit$1$30$1Leverage The maximum leverage is up to 1:500 for FX/CFDs. Please note that high leverage can amplify both profits and losses. Account TypeStandardProZero Maximum Leverage 1:5001:4001:400Trading Platform Trading PlatformSupported Available Devices Suitable for MT4❌Windows, iOS, MAC, AndroidBeginners MT5✔Windows, Linux, iOS, MAC, AndroidExperienced traders NRDX platform✔//Deposit and Withdrawal Payment MethodMinimum DepositDeposit TimeMinimum WithdrawalWithdrawal Time Visa, Mastercard, Maestro, Diners Club, Discover, AMEX$10Instant$50Instant Wallets Apple Pay, Google Pay$10Instant$50Instant Crypto USDT$10Instant$50Instant Wire Transfer Bank Transfer$1003-5 business days$1003-5 business days