www.nakitrade.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.nakitrade.com.
Do not believe the bonus offer from www.nakitrade.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited when my bank disappointed me and I searched for alternatives and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Intuitive for beginners|Stable platform|Portfolio tracking tools|Multiple order types
Cons: Help articles are sometimes vague
I signed up with www.nakitrade.com after a trusted YouTuber reviewed them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: API access|Stable platform|Responsive team
Cons: Desktop app not available on Linux
Do not be fooled by the professional-looking website. Behind the scenes, www.nakitrade.com is disorganized and incompetent. I found them after doing extensive research and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Regular platform improvements|Responsive team|Clean UI
Cons: Charting tools need more indicators|Minor UI glitches occasionally
The reporting at www.nakitrade.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Customizable dashboard|Dividend tracking
Cons: Limited cryptocurrency options|Currency conversion fee exists
The platform at www.nakitrade.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since last summer of dealing with this, I have had enough.
Pros: Portfolio tracking tools|Multiple order types|Easy to use platform|Automated trading options
Cons: Limited cryptocurrency options|Wait times can be long during peak hours
The only good thing about www.nakitrade.com is that they remind you why regulation matters. I found them based on a colleague's recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Low minimum deposit|Real-time alerts
Cons: Cannot customize dashboard fully
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. www.nakitrade.com said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Great customer service|Full transparency|Multi-currency support|Multiple order types
Cons: Limited cryptocurrency options
My withdrawal request from www.nakitrade.com has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Dedicated account manager|Educational resources|Smooth onboarding
Cons: Wish they had more educational resources|Help articles are sometimes vague
If you are reading this considering www.nakitrade.com - run. I wish I had read more negative reviews after reading several online reviews. I thought the positive ones were real. Maybe some are. My experience over for over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Market news feed|Fast deposits|Clean UI
Cons: Charting tools need more indicators
www.nakitrade.com locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Regular updates|Low minimum deposit
Cons: Website design could be more modern