Sponsored By
de | cn | ru

Nasdaq 500 Review - is it scam or safe?

Nasdaq 500 review - Is nasdaq500.com scam or good forex broker?

RATING: 1 / 0 REVIEWS Nasdaq 500
Nasdaq 500 is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Nasdaq 500 is a forex and CFD broker offering a good selection of currency pairs and CFDs on various assets, including a number of crypto coins, with a web based trading platform and fixed spreads. However, the broker is based on the Marshall Islands and does not have a license by any official financial regulator.

 

Account type Min. deposit Max. leverage Spreads
Standard Account n/a 1:200 3 pips, fixed

 

Nasdaq 500 Advantages:

 

Good variety of trading instruments

 

As we mentioned Nasdaq 500 offers lots of forex pairs, 45 to be exact, with a number of exotic currencies, including Russian Ruble, Mexican Peso, Honk Kong Dollar, Polish Zloty, Swedish Krona, Norwegian Krone, Danish Krone, Turkish Lira, Singapore Dollar and South African Rand.

 

Among the other trading instruments we counted plenty of CFDs on spot metals like silver, gold and copper, indices, stocks, oil and a couple of major crypto coins like Ripple, Litecoin, Ethereum, Bitcoin, Dash and Bitcoin Cash. Still, as crypto asset are gaining in popularity, here you may check our list of brokers, offering Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage of up to 200:1

 

Nasdaq 500 offers leverage as high as 200:1 and this is definitely sufficient to accommodate any trading style. Yet, keep in mind that leverage should be used with caution as it comes with a significant risk of depleting your funds, when the market turns in the wrong direction.

 

Besides, in early August the European Securities and Markets Authority (ESMA) restricted the maximum leverage allowed with forex trade in Europe to 30:1, in an attempt to curb investment risks, while similar caps are already in place on markets like the US and Japan.

 

Nasdaq 500 Disadvantages:

 

The broker is unregulated

 

Nasdaq 500 is owned and operated by Empika Enterprise LTD – a company based on the Marshall Islands, that is not subject to any regulation by an official authority such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). 

 

Have in mind that trading with unregulated brokers is associated with a significant risk of loosing your money to scammers.

 

Regulated brokers on the other hand have to abide by strict financial and ethical rules, among which to file regular reports, allowing external audits, to maintain a certain capital adequacy ratio, to keep all clients funds in a segregated, protected form creditors account and with some regulators even to insure traders capital.

 

All FCA brokers for instance have to participate in a compensation fund that guarantees traders up to 50 000 GBP of their capital in the event a broker is unable to pay. A similar mechanism with all CySEC brokers guarantees that traders can receive back up to 20 000 EUR. Here you may check our list of FCA regulate brokers:

 

>>FCA Regulated Forex Brokers<<

 

Uncompetitive spreads

 

As tested with a demo account the benchmark EURUSD spread was fixed at 3 pips, which is well above the levels, that we consider attractive. Have in mind that attractive, starting spreads with a standard account should not exceed 1,5 pips. Besides, here you may check our list of brokers offering tighter spreads: 

 

>> Lowest spread forex brokers<<

 

Neteller and Skrill not accepted as payment methods

 

Nasdaq 500 dose not accept popular e-wallets like NetellerSkrill, so you can fund your account with the broker only with a credit card or bank wire.

 

Besides, withdrawals are subjected to withdrawals processing and handling fees and if you have received a bonus, you will have to reach a certain minimum trading volume requirement before you can withdraw.

 

MetaTrader4 not available

 

The web based trading platform, supported by Nasdaq 500, is overly simplified and lacks some of the basic features – standard with well known trading solutions like the MetaTrader4.

 

 

MT4, for example, has an excellent charting package, lots of in-build market indicators and supports automated trading sessions, which is a major advantage. Here you may check our list of brokers offering the MetaTrader4:

 

>>MT4 Brokers<<

 

No information about the minimum deposit requirement

 

With most brokers you can open a trading account with about 250 USD. Unfortunately we do not have information, what is the minimum trading requirement with Nasdaq 500. Have in mind that with some big, well respected brokers like FBS and IG you can start trading with just 5 USD or less.

 

Conclusion:

 

Nasdaq 500 is an unregulated, offshore broker with very limited credibility, which on top of that offers rather mediocre trading conditions. Still, our main concern remains Nasdaq 500 regulatory status. As we already mentioned, trading with unregulated brokers is associated with significant risks.

Latest news about Nasdaq 500
No news about Nasdaq 500. Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
Cyprus CySEC MT4, Web $25 Review Website

Traders` reviews for Nasdaq 500

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru