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Score
South Africa
Regulated in South Africa
Forex Trading License (EP)
MT5 Full License
Regional Brokers
Medium Risk
Influence
Add brokers
Comparison
Quantity 6
Exposure
Score
Regulatory Index4.62
Business Index6.75
Risk Management Index8.90
Software Index9.32
License Index4.62
Single Core
1G
40G
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Company Name
Naqdi Group (PTY) LTD
Company Abbreviation
naqdi
Platform registered country and region
South Africa
Company website
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YouTube
Company summary
Pyramid scheme complaint
Expose
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.
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.
I submitted a withdrawal request of $3,000 in October, but I still have not received my funds. My experience with Naqdi has been very disappointing. Although the broker claims to operate under FSCA License No. 51598 and UAE CMA/SCA License No. 20200000150, the withdrawal process has not been handled professionally, and support responses have been unsatisfactory. I strongly advise traders to be cautious and conduct proper research before dealing with this broker.
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.
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.
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.
| 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, a South Africa-based forex broker, is reportedly facing criticism from users over the long-pending withdrawal cases. Some users reported four to eight months of unresolved fund withdrawal requests. With no support over these requests, their frustration became evident in the naqdi reviews they shared online. This article sheds light on those complaints while giving users a view of the broker’s regulatory status
WikiFX
Naqdi is a South Africa-based forex broker regulated by the FSCA, holding a WikiFX Score of 6.11. Established in 2021, it offers MetaTrader 5 access, multiple account tiers, and high leverage up to 1:500. Despite holding a valid regulatory license, recent client exposures highlight significant concerns regarding withdrawal delays and hidden fees.
WikiFX
naqdi is a South Africa-based broker regulated by the FSCA, offering the popular MT5 platform and leverage up to 1:500. However, despite possessing a valid license, severe and recent user complaints regarding blocked withdrawals and hidden fees make it a high-risk option for traders.
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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