Score

6.11 /10
Average

naqdi

South Africa

2-5 years

Regulated in South Africa

Forex Trading License (EP)

MT5 Full License

Global Business

Medium potential risk

C

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Comparison

Quantity 5

Exposure

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Website

Score

Regulatory Index4.62

Business Index6.65

Risk Management Index8.90

Software Index9.36

License Index4.62

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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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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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2026-03-07
  • The number of the complaints received by WikiFX have reached 4 for this broker. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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naqdi · Company summary
Naqdi Review Summary
Founded2010
Registered Country/RegionSouth Africa
RegulationFSCA
Market InstrumentsForex, indexes, shares, metals, commodities
Demo Account($100,000 in virtual funds)
LeverageUp to 1:500
SpreadFrom 1.4 pips (Standard account)
Trading PlatformMT5
Min Deposit0
Customer Support24/5 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.

Naqdi's homepage

Pros and Cons

ProsCons
Diverse tradable assetsNo MT4
Multiple account typesNo 24/7 support
Demo accounts
Commission-free accounts offered
MT5 platform
No minimum deposit
Popular payment options
Live chat support

Is Naqdi Legit?

Yes, Naqdi is a legitimate broker. It is regulated by the Financial Sector Conduct Authority (FSCA).

FSCA
Financial Sector Conduct Authority (FSCA)
Current StatusRegulated
Regulated bySouth Africa
Regulated EntityNaqdi group (PTY) LTD
License TypeRetail Forex License
License No.51598
Regulated by FSCA
Domain information

What Can I Trade on Naqdi?

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 InstrumentsSupported
Forex
Metals
Commodities
Indexes
Shares
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Naqdi?

Account Type

Account TypeMin DepositIdeal for
Standard 0New traders
Premier/High-volume traders
Elite/Experienced traders

Naqdi also provides demo accounts with $100,000 in virtual funds.

Account comparison

Naqdi Fees

Account TypeSpreadCommission
Standard From 1.4 pips
PremierFrom 0.9 pips
EliteFrom 0.0 pips$2.5 per standard lot per side
Spread

Leverage

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

Trading PlatformSupported Available Devices Suitable for
MT5Desktop, mobileExperienced trader
MT4/Beginners

Deposit and Withdrawal

Naqdi accepts payments via MasterCard, Skrill, VISA, NETELLER, M-PESA, SwiftyEft, and Tether.

Payment options

News

ExposureNaqdi Review 2026: Is this Forex Broker Legit or a Scam?

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
2026-02-10 12:30
Naqdi Review 2026: Is this Forex Broker Legit or a Scam?

ExposureCommon Questions About naqdi: Safety, Fees, and Risks (2025)

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
2026-01-12 21:00
Common Questions About naqdi: Safety, Fees, and Risks (2025)

ExposureNaqdi Broker: Is It Safe and Reliable?

Is Naqdi Broker legit? We verify its licenses, trading conditions, and customer support in this full review.

WikiFX
2025-12-12 15:14
Naqdi Broker: Is It Safe and Reliable?

NewsNaqdi Review 2025: Is It Safe? License "Exceeded" Risk and Scam Complaints Exposed

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
2025-12-02 00:13
Naqdi Review 2025: Is It Safe? License "Exceeded" Risk and Scam Complaints Exposed

User Reviews

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User comment

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FX3601333596
0-3months
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.
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.
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2026-01-07 21:55
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خالد بن عبد الله
more than one year
تجربتي مع Naqdi حتى الآن كانت سلسة وفعّالة، خاصة من حيث سرعة تنفيذ الصفقات. يتم تنفيذ الأوامر بسرعة ملحوظة، وهو أمر مهم جدًا عند التداول في الأسواق المتقلبة. المنصة تعمل بثبات دون تأخير غير ضروري، مما يساعد على إدارة الصفقات بثقة وراحة. ما يلفت الانتباه هو مستوى الاعتمادية العام؛ فالأسعار مستقرة، وواجهة الاستخدام واضحة، وأدوات التداول الأساسية تؤدي وظيفتها كما هو متوقع. وما زلت أتابع الأداء على المدى الطويل، لكن التجربة الحالية تعكس وسيطًا يركز على السرعة والاستقرار وتوفير بيئة تداول خالية من التعقيد. بشكل عام، يوفر Naqdi تجربة مناسبة للمتداولين الذين يعطون الأولوية للتنفيذ السريع والموثوقية.
تجربتي مع Naqdi حتى الآن كانت سلسة وفعّالة، خاصة من حيث سرعة تنفيذ الصفقات. يتم تنفيذ الأوامر بسرعة ملحوظة، وهو أمر مهم جدًا عند التداول في الأسواق المتقلبة. المنصة تعمل بثبات دون تأخير غير ضروري، مما يساعد على إدارة الصفقات بثقة وراحة. ما يلفت الانتباه هو مستوى الاعتمادية العام؛ فالأسعار مستقرة، وواجهة الاستخدام واضحة، وأدوات التداول الأساسية تؤدي وظيفتها كما هو متوقع. وما زلت أتابع الأداء على المدى الطويل، لكن التجربة الحالية تعكس وسيطًا يركز على السرعة والاستقرار وتوفير بيئة تداول خالية من التعقيد. بشكل عام، يوفر Naqdi تجربة مناسبة للمتداولين الذين يعطون الأولوية للتنفيذ السريع والموثوقية.
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2025-12-21 22:55
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