NOKTRADE Information
NOKTRADE is a broker. The tradable instruments, with three account types with a maximum leverage of 1:500, such as Standard, ECN, and Swap Free Account, include forex, indices, commodities, stock CFDs, and cryptocurrency. The floating spread is from 0.7 pips and the minimum deposit is $100. NOKTRADE is still risky due to its unregulated status and high leverage.
Pros and Cons
Is NOKTRADE Legit?
NOKTRADE is not regulated, which makes it less safe than regulated brokers.
What Can I Trade on NOKTRADE?
NOKTRADE provides various tradable instruments and traders can invest in forex, indices, commodities, stock CFDs, and cryptocurrency.
Account Type
NOKTRADE has three accounts due to different deposits, namely Standard, ECN, and Swap Free Account. Traders who want a deposit can open a standard account requiring a minimum deposit of $100. Instead, open a Swap Free account with a minimum deposit of $5000, which is so high.
NOKTRADE Fees
Traders who open NOKTRADE accounts will enjoy swap-free and the same spreads starting from 1.4 pips, while floating spreads are from 0.7 pips.
Leverage
The maximum leverage is 1:500, meaning that profits and losses are magnified 500 times.
Trading Platform
NOKTRADE has an authoritative MT5 for Desktop, Web, and Mobile. Compared with MT4, MT5 is more suitable for experienced traders because of its more in-depth data processing and charting tools.
Deposit and Withdrawal
The minimum deposit is $100. NOKTRADE offers multiple deposit and withdrawal methods processed within 3 days, including Bank Transfer, Credit/Debit card, Local Transfer, and USDT.
Customer Support Options
NOKTRADE provides 24/7 chat support, and traders can contact the broker via phone, email, and live chat. Please distinguish between NOKTRADE global and local business phone numbers.
