Naqdi

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

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.

Account Type

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

Naqdi Fees

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

Deposit and Withdrawal

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