Naqdi Securities Currencies Brokers L.L.C at a glance
Naqdi is an online trading brand offering access to CFDs and financial markets including Forex, indices, shares, metals and commodities through MetaTrader 5, its mobile platform and copy trading services. The group operates through Naqdi Securities Currencies Brokers L.L.C in the UAE and Naqdi Group (PTY) LTD in South Africa. The UAE regulator currently lists Naqdi Securities Currencies Brokers L.L.C as active for Financial Consultations and Introduction, while explicitly stating that the company is not licensed for brokerage in financial derivatives, unregulated commodity contracts or Spot FX trading.
Naqdi Securities Currencies Brokers L.L.C reports a founding year of 20-Dec-2021 and a head office in Dubai, United Arab Emirates. It lists 3 regulators and 6 trading platforms.
BrokerBazaar verdict
Limited public transparency and unclear regulation means traders should approach cautiously and seek documentary evidence before funding accounts.
Legal entities, regulation and licences
Naqdi Securities Currencies Brokers L.L.C operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Naqdi Securities Currencies Brokers L.L.C states that it accepts clients from International, excluding United States, Cuba, Iraq, Myanmar, North Korea, Sudan, Afghanistan, Belarus, Crimea/Sevastopol, Luhansk, Donetsk, Libya, Palestinian Authority/Gaza/West Bank, Russian Federation, Syria and Venezuela. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Indices, Shares, Metals, Commodities, Cryptocurrency CFDs. Platforms: MetaTrader 5, MT5 Desktop, MT5 Mobile, Naqdi Mobile App, WebTrader, Copy Trading. Account types: Standard, Premier, Elite, Demo.
Best-for tags assigned by our team: MetaTrader 5, Low Spreads, High Leverage, Copy Trading, Demo Account.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is No minimum deposit. Spreads start from 0.0 pips and commission is None (standard) · $0 (raw). Maximum leverage is 1:500, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: NOT VERIFIED — current payment methods not clearly published in accessible official content. Withdrawal methods: NOT VERIFIED — current withdrawal methods not clearly published in accessible official content.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: support@naqdi.com. Phone: +971 600 533 221. Naqdi publishes a Complaints Handling Policy among its legal documents. Clients can submit complaints through Naqdi's official support and contact channels. A specific complaint acknowledgement or final-resolution timeframe was not independently verified from the publicly accessible policy content.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: No minimum deposit on the Standard Account
- Strength: Leverage up to 1:500
- Strength: Spreads from 0.0 pips on the Elite Account
- Strength: MetaTrader 5 desktop and mobile support
- Strength: Naqdi mobile trading app available
- Strength: Copy trading available
- Strength: Demo account with $100,000 virtual funds
- Strength: Multiple account types
- Strength: 24/5 customer support
- Limitation: UAE regulator explicitly states the UAE entity is not licensed for Spot FX or derivatives brokerage
- Limitation: Regulatory scope conflicts with broader trading claims on the broker website
- Limitation: UAE entity is authorised for Financial Consultations and Introduction activities
- Limitation: Current public regulatory licence number is not clearly reconciled with the broker's website claims
- Limitation: Trustpilot rating is currently low
- Limitation: Several recent customer reviews allege withdrawal difficulties
- Limitation: Exact payment and withdrawal methods are not transparently verified from current public official content
Who this broker suits, and who it does not
Naqdi Securities Currencies Brokers L.L.C is most relevant to traders looking for: MetaTrader 5, Low Spreads, High Leverage, Copy Trading, Demo Account.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Naqdi Securities Currencies Brokers L.L.C change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Naqdi Securities Currencies Brokers L.L.C yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Naqdi Securities Currencies Brokers L.L.C
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 2.1/5; WikiFX 5.25/10; Apple App Store 4/5; Google Play Store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Naqdi Securities Currencies Brokers L.L.C through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.