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Score
South Africa
Regulated in South Africa
Forex Trading License (EP)
MT5 Full License
Global Business
Medium potential risk
Influence
Add brokers
Comparison
Quantity 5
Exposure
Score
Regulatory Index4.62
Business Index6.65
Risk Management Index8.90
Software Index9.36
License Index4.62
Single Core
1G
40G
More
Company Name
Naqdi Group (PTY) LTD
Company Abbreviation
naqdi
Platform registered country and region
South Africa
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
| 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.

Naqdi holds a valid South African FSCA license and offers the popular MT5 platform, resulting in a moderate WikiFX score of 6.20. However, recent serious trader complaints regarding withdrawal failures and rumors of insolvency create significant risks that potential clients must weigh against its regulatory status.
WikiFX
Finding a clear path in the forex market is difficult when facing relatively new brokers like naqdi. Established in 2021, this broker has quickly established a presence in South Africa and the UAE, drawing attention with digital-first account openings and flexible leverage. But with a history of less than five years, many traders are asking: is this platform stable enough for serious capital?
WikiFX
Is Naqdi Broker legit? We verify its licenses, trading conditions, and customer support in this full review.
WikiFX
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.
WikiFX
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