Narsq Review

About Narsq

Narsq (also referred to as Narsq Futures Limited) operates trading services via the domains narsq.com and nasdarq.com. It offers MetaTrader 5 platform access with instruments including forex, commodities, indices, stocks, gold, silver, and crude oil. Leveraged trading up to 1:400 (or 1:100 in some reports) is advertised, while spreads are reported between 1.2 and 3 pips, though figures vary. Payment methods allegedly include bank transfers, crypto wallets, and China UnionPay. There is no verifiable information on minimum deposit, account types, segregated accounts, base currencies, swap‑free/Islamic accounts, negative balance protection, hedging, scalping, or use of EAs from official sources.

The broker is unregulated. It was added to the Hong Kong Securities and Futures Commission’s Alert List as an unlicensed entity using an address registered to a secretarial company at RM 1302, 13/F, Cheong K. Building, 84–86 Des Voeux Road Central, Hong Kong, with the listing dated 22 April 2021. Additionally, the UK Financial Conduct Authority placed Narsq on its blacklist on 10 May 2021 for providing financial services without authorization. There is no evidence of licensing by any reputable regulatory authority.

Pros and cons

Pros

• Offers access to MetaTrader 5 platform and a range of instruments (forex, commodities, indices, stocks, precious metals, crude oil).

Cons

• Completely unregulated—explicitly blacklisted by both the SFC (unlicensed entity alert, address linked to secretarial firm) and the UK FCA (unauthorized services warning).
• No verified data on crucial elements such as minimum deposit, account types, fund protection, base currencies, Islamic accounts, swap‑free options, or margin/hedging policies.
• Reports indicate inconsistent or misleading spread and leverage information and complaints regarding withdrawal issues.