Score
South Africa | 2-5 years |https://naqdi.com/
Website
Rating Index
MT4/5
Full License
NaqdiGroup-Demo
Influence
C
Influence index NO.1
United States2.69
MT4/5 Identification
Full License
GermanyInfluence
C
Influence index NO.1
United States2.69Licensed Entity：Naqdi Group (PTY) LTD
License No. 51598
Single Core
1G
40G
1M*ADSL
South Africa 
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
naqdi.com United States 
Subscribe in the App to unlock! 
| Naqdi Review Summary | |
| Founded | 2010 |
| Registered Country/Region | South Africa |
| Regulation | FSCA |
| Market Instruments | Forex, indexes, shares, metals, commodities |
| Demo Account | ✅($100,000 in virtual funds) |
| Leverage | Up to 1:500 |
| Spread | From 1.4 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | 0 |
| Customer Support | 24/5 support |
| Live chat, contact form | |
| Tel: +971 600 556 000, +971 600 556 000 | |
| South Africa Office: 106, 4th Floor, TBE, 96 Rivonia Road, Sandton, Johannesburg, 2191 | |
| Dubai 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 | 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 |
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 |
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 | 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.
| 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 |
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 | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, mobile | Experienced trader |
| MT4 | ❌ | / | Beginners |
Naqdi accepts payments via MasterCard, Skrill, VISA, NETELLER, M-PESA, SwiftyEft, and Tether.
Is Naqdi Broker legit? We verify its licenses, trading conditions, and customer support in this full review.
With a moderate WikiFX Score of 6.37/10, Naqdi presents a complex case for investors. While it holds a valid license in South Africa, its operations in the UAE exceed regulatory limits. This review analyzes the "Exceeded" license status and investigates specific user allegations regarding withdrawal failures and hidden fees.
Naqdi broker offers the MT5 platform, which I find quite advanced and full of features for experienced traders like myself. Unfortunately, it doesn’t support MT4, which could be a downside for traders who are more comfortable with that platform. However, I’m fine with MT5, as it gives me access to more powerful tools.
Absolutely! I consider Naqdi trading to be legit because it's regulated by the FSCA in South Africa. This regulation ensures that Naqdi follows legal financial practices, which is something I look for when choosing a broker. As a trader, it gives me confidence that Naqdi adheres to the necessary rules for protecting investors.
One of the major pros of Naqdi broker is its diverse selection of tradable assets. I can trade forex, indices, metals, stocks, and commodities all in one place. The flexibility of no minimum deposit for live accounts is another advantage that stands out to me. This is especially helpful when I'm just starting out and don’t want to commit a large sum upfront.
Naqdi broker offers three account types: the Standard Account, Premier Account, and Elite Account. For a beginner like me, the Standard Account is perfect because there’s no minimum deposit. If I were a more experienced or high-volume trader, I’d consider the Premier or Elite Account for better spreads and additional features like lower commissions.
Please enter...
TOP
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX3601333596
Pakistan
I deposited into the broker Naqdi, and after making that deposit, I did some trading and earned profits. However, after earning those profits, they did not give me my withdrawal, and they even removed the withdrawal option. So, I strongly urge all traders never to trade or deposit with naqdi broker because their deposit method is extremely slow, and their withdrawal process is highly problematic. They even close trades on our accounts without notice. Please, never trade with them. I deposited $150, and it took three to four hours to receive that deposit. After that, I traded and made profits, but when I tried to withdraw, it took a whole week with no success. Then, in the following week, they blocked my withdrawal option and even blocked my account. So, I urge everyone not to trade with them. I’m also providing screenshots and the current date as proof.
Exposure
FX2676179682
Belgium
I submitted a withdrawal request some time ago, but it hasn't been processed yet, and I haven't received a clear response from technical support. I'm sharing this experience to warn others and hope the problem is resolved as soon as possible.
Exposure
vivian218
Hong Kong
My withdrawal was approved in September but three months have passed and the funds haven't arrived in my crypto wallet. They keep making excuses and refusing to return my funds.
Exposure
خالد بن عبد الله
United Arab Emirates
My experience with Naqdi so far has been smooth and effective, especially in terms of transaction execution speed. Orders are executed remarkably quickly, which is very important when trading in volatile markets. The platform operates steadily without unnecessary delays, helping to manage trades with confidence and ease. What stands out is the overall level of reliability; prices are stable, the user interface is clear, and the basic trading tools function as expected. I am still monitoring long-term performance, but the current experience reflects positively. A broker that focuses on speed, stability, and providing a hassle-free trading environment. Overall, Naqdi offers a suitable experience for traders who prioritize fast and reliable execution.
Positive
Xuxu
United Arab Emirates
I approached Naqdi with caution and decided to test the platform before committing further. Navigation is simple, and trading tools are clearly presented. Execution speed has been acceptable during my use, and there were no unexpected interruptions. More time is needed, but the experience has been positive so far.
Positive
أحمد بن محمد
United Arab Emirates
Switching to Naqdi was a rational decision to me, my past broker experience were often complicated, but Naqdi makes trading painless. the platform interface is incredibly clean, and the execution is flawlessly fast which is paramount for daily trading. more importantly, their services infrastructure is exceptional 👨💻. the 24/6 support team is always professional and knowledgeable, providing real solutions instantly
Positive
_سمية
Qatar
What stands out about Naqdi is the range of trading instruments and generally stable trading conditions, which give traders flexibility when applying different strategies. Spreads are reasonable under normal market conditions, and the platform layout is straightforward to use. However, there are moments especially during busy trading hours when performance could be smoother. With some technical and platform optimizations, the overall trading experience could become more consistent and refined.
Neutral
FX4589584102
Egypt
Based on the company's good reputation, I recently started my experience with Naqdi. So far, everything is going well; the platform seems organized and user-friendly for beginners like myself. I look forward to evaluating the experience more accurately after trading for a while
Neutral
علي السويدي
United Arab Emirates
Naqdi broker offers an organized trading experience with clear terms from the start. The account opening process was easy and straightforward, and trade execution remained stable during regular trading sessions. Overall, the service appears transparent and trustworthy.
Positive
ماجد الحمد
Saudi Arabia
Naqdi seems to target traders who prefer clarity over complexity. The account procedures are straightforward, and the platform serves its purpose practically. Although the options are moderate, reliability is present.
Neutral
Maryam AlThani
Saudi Arabia
I have been trading with Naqdi for several months and have had a positive experience. The platform is user-friendly, with competitive spreads and fast order execution, making it suitable for both beginners and experienced traders. Customer support is responsive, and withdrawals are processed smoothly and on time. Although the platform could benefit from more educational resources for beginners, Naqdi provides a reliable and transparent trading environment. I recommend it to traders looking for a stable and efficient broker.
Positive
Aisha AlMaadeed
United Arab Emirates
I’ve been using Naqdi Broker for several weeks now, and my experience has been generally smooth and professional. The account registration process was uncomplicated, and I appreciated that the verification steps were clearly explained. From the beginning, the platform felt well-organized, with a layout that doesn't overwhelm especially helpful for traders who value simplicity. Trading execution has remained consistent, even during moderately active market periods. While spreads are not always the tightest compared to major competitors, they stay within a reasonable range for most instruments. I also noticed that the platform performs well on both desktop and mobile, which is essential for monitoring positions on the go. Deposits were processed quickly, and my initial withdrawal went through within the time frame stated in their policies, without hidden charges. That added a layer of trust to the process. One area that could improve, however, is the educational content
Positive
Anwar Alii
Saudi Arabia
The platform provides market access under stated conditions. Users can review service details directly from NaQdi sources.
Neutral
Yure
Saudi Arabia
NaQdi operates as a trading-related financial platform. It outlines its service framework through official documentation.
Neutral
FX2681783145
United Arab Emirates
this broker is a scam, thy are disgusting people, this people are bankrupt, thy didn’t give withdrawal past 4 months. I recommend never trust this broker also the employs working here have quit their job because of bad management. I want UAE government to take strict action against this company.
Exposure
FX2432110702
India
Great logo and reader
Positive
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