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Unverified
Score
2.09 /10
Danger
nrdx
2-5 yearsSuspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
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Score
Regulatory Index0.00
Business Index5.52
Risk Management Index0.00
Software Index9.13
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
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40G
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Warning: Low score, please stay away!
2
Previous Detection :
2026-01-27
- This broker lacks valid forex regulation. Please be aware of the risk!
- The South Africa FSCA license (License No. 49648) claimed by the broker has not been verified. Please be aware of the risks!
WikiFX Verification
| NRDX Review Summary | |
| Founded | 1995 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Suspicious Clone) |
| Market Instruments | Stocks, forex, and CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platforms | NRDX platform, MT5 |
| Minimum Deposit | $1 |
| Customer Support | Contact 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 platform | Suspicious clone FSCA license |
| Diverse account types | High leverage risks |
| Multiple customer support channels | Limited info on fees |
| Low minimum deposit | |
| Demo accounts available |
Is 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 Country | Regulated Authority | Regulated Entity | Current Status | License Type | License Number |
 | The Financial Sector Conduct Authority (FSCA) | NRDX (PTY) LTD | Suspicious Clone | Financial Service Corporate | 49648 |
What 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 Type | Silver | Gold | Diamond |
| Minimum Deposit | $1 - 10K | $10K+ - 50K | $50K+ |
| Maximum Leverage | 1:2 | 1:3 | 1:4 |
| 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 Leverage | 0.01% | ❌ | ❌ |
For FX/CFDs, there are other three types of accounts also with a min deposit requirement of $1.
| Account Type | Standard | Pro | Zero |
| Minimum Deposit | $1 | $30 | $1 |
Leverage
The maximum leverage is up to 1:500 for FX/CFDs. Please note that high leverage can amplify both profits and losses.
| Account Type | Standard | Pro | Zero |
| Maximum Leverage | 1:500 | 1:400 | 1:400 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | Windows, iOS, MAC, Android | Beginners |
| MT5 | ✔ | Windows, Linux, iOS, MAC, Android | Experienced traders |
| NRDX platform | ✔ | / | / |
Deposit and Withdrawal
| Payment Method | Minimum Deposit | Deposit Time | Minimum Withdrawal | Withdrawal Time |
| Visa, Mastercard, Maestro, Diners Club, Discover, AMEX | $10 | Instant | $50 | Instant |
| Wallets | ||||
| Apple Pay, Google Pay | $10 | Instant | $50 | Instant |
| Crypto | ||||
| USDT | $10 | Instant | $50 | Instant |
| Wire Transfer | ||||
| Bank Transfer | $100 | 3-5 business days | $100 | 3-5 business days |
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