Naqdi Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 10:49

Abstract：Founded in 2010, Naqdi is a Straight-Through Processing (STP) broker registered in South Africa, regulated by South Africa’s 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 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 and Cons

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

Is Naqdi Legit?

　　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

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 Instruments	Supported
Forex	✔
Metals	✔
Commodities	✔
Indexes	✔
Shares	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

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.

Naqdi Fees

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

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.