NASDAQK LIMITED is a Contract for Difference (CFD) broker officially registered on January 8, 2024. The broker primarily offers a wide range of trading markets through its proprietary trading platform and mobile applications, including forex, stocks, futures, energy, precious metals, cryptocurrencies, and more.
Company Registration Information and Regulatory Status:
Public information on the NASDAQK LIMITED official website shows that its headquarters is in Australia, regulated and authorized by the Australian Securities and Investments Commission (ASIC), with license number 488828. Additionally, the broker has registered with the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the United States and is regulated by them, with an NFA ID of 0558052. However, the company's introduction page on its official website also indicates that the broker is a U.S. subsidiary of NASDAQK LIMITED in Japan, headquartered in Tulsa, Oklahoma.
Upon verification, the Australian Securities and Investments Commission (ASIC) website reveals that the entity with license number 488828 is STAR FUNDS MANAGEMENT PTY LTD, which has no relation to NASDAQK LIMITED. The National Futures Association (NFA) website shows that the entity with NFA ID 0558052 is TONGLI WEALTH INCORPORATION, a non-member unit not regulated by the NFA. Additionally, the Financial Crimes Enforcement Network (FinCEN) did not find any registered entity named NASDAQK LIMITED.
Moreover, the web design and content of this broker are identical to those of SXHJAS, TNFL FX, ABUSA, Hengtuo Finance, VTPTRADE, CTRL FX, and other brokerage websites.
Account Opening:
Opening an account with NASDAQK LIMITED: Open the broker's official website, click on "Register" on the homepage or the top right corner of the page to enter the account registration page. After filling in personal information and setting a login password, submit the application. Once the application is submitted, the account will be successfully registered.
Trading Account Information:
The NASDAQK LIMITED official website only discloses information about spreads, trading leverage, margin levels for additional margin/call stops, and contract sizes. Details such as account types, trading commissions, minimum/maximum trading volumes, maximum positions/orders, and minimum price precision have not been disclosed.
- Spread: Floating spread, starting from 1 point
- Trading Leverage: 1:100—1:500
- Margin Levels for Additional Margin/Stop Out: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
NASDAQK LIMITED provides the ST5 trading platform to its users.
Deposits and Withdrawals:
NASDAQK LIMITED has not clearly disclosed the supported methods of deposit and withdrawal, associated fees, or the minimum deposit and withdrawal amounts on its official website.
Summary:
Traderknows warns investors that NASDAQK LIMITED is a forex scam website with opaque registration and regulatory information, and it is suspected of false advertising. Users can only contact this broker via email, making the means of contact extremely limited. Its official website's design and content use the same template as other broker websites such as SXHJAS, TNFL FX, ABUSA, Hengtuo Finance, VTPTRADE, and CTRL FX. Traderknows advises investors to opt for transparent, strongly regulated, and reputable brokers for their investment trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
