Company Profile
Company Profile
Review summary
| NAG Markets Review Summary | |
| Founded | 2024 |
| Registered Country/Region | Australia |
| Regulation | VFSC ,FSA（offshore regulated） |
| Market Instruments | Forex, Metals, Energy, Indices |
| Demo Account | Available |
| Leverage | Up to 1:400 |
| Spread | From 1.2 pips |
| Trading Platform | MT5 (PC, Web, Mobile), MT4 |
| Min Deposit | USD 500.00 |
| Customer Support | Phone: (+61) 2 8527 3466 |
| Email: cs@nagmarkets.com | |
| 24/7 Online Chat: Yes | |
| Physical Address: Unit 803, 213 Miller Street, North Sydney NSW 2060 | |
NAG Markets Information
Established in 2024, NAG Markets is a trading platform situated in Australia run under VFSC and FSA. Through MT4 and MT5 systems, it provides a broad spectrum of trading tools including Forex, metals, energy, and shares. The minimum deposit is USD 500; practice can be done using a demo account.
Pros and Cons
| Pros | Cons |
| Regulated in VFSC and FSA | High Spreads from 1.2 piips |
| Offers both MT4 and MT5 platforms | High minimum deposit (USD 500) |
| Demo account available for practice | |
| Offers high leverage(1:400) |
Is NAG Markets Legit?
NAG Markets is regulated by VFSC and FSA.
| Regulatory Status | Offshore Regulated |
| License Type | Retail Forex License |
| Regulated By | Vanuatu(VFSC) |
| License No. | 41699 |
| Licensed Institution | NAG Markets (Pacific) Limited |
| Regulatory Status | Offshore Regulated |
| License Type | Retail Forex License |
| Regulated By | Seychelles(FSA) |
| License No. | SD146 |
| Licensed Institution | NAG Markets Limited |
What Can I Trade on NAG Markets?
NAG Markets offers access to 14 CFD derivatives, including indices, commodities, and precious metals, together with over 27 pairings of currencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities(Energy and metals) | ✔ |
| Indices | ✔ |
| Shares | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
Account Type
NAG Markets offers one main live account type. It is the standard account, and requires a minimum deposit of USD 500. The broker also provides a demo account.
| Minimum Deposit | USD 500.00 |
| Available Account Currencies | USD |
| Spreads | From 1.2 pips |
| Default Leverage | 1:200 |
| Minimum Trade Size | 0.01 Lot |
| Optional Leverage | 1:100, 1:400 |
Leverage
The default leverage of NAG Markets is 1:200. The optional leverage of it is 1:100 and 1:400.
NAG Markets Fees
NAG Markets' spreads for major currency pairs start from 1.2 pips, with commission-free trading.
| Fee Type | |
| Spread | From 1.2 pips (variable) |
| Commission | None |
Trading Platform
NAG Markets provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms together with desktop and smartphone versions.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 | ✔ | PC, Mobile (iOS/Android) | Experienced traders |
| MetaTrader 4 | ✔ | PC, Mobile (iOS/Android) | Beginner traders |
Deposit and Withdrawal
NAG Markets costs for deposits or withdrawals are zero. The least needed deposit is USD 500.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Wire Transfer | USD 500 | Free | 1-5 Business Days |
| NganLuong.vn | USD 500 | Free | Instantly |
| NETELLER | USD 500 | Free | Instantly |
| Skrill | USD 500 | Free | Instantly |
疯人笑:-D
Japan
For example, for XAU/USD at 1728.5, when I enter a lot, it will inexplicably become 1728.55. When I am out, I will make a profit of 450, and when I am out, it will become 420. If it is occasional, it will be fine. It is every order, the entry and exit points are all A part of it is higher than the display. Over time, the loss is self-evident, too much, the platform feedback is also invalid, the operation is lost, not excessive, this kind of dark operation is really hateful
Exposure
Mericle
Belarus
Easy to use and small overnight charge if you keep an open trade. I have had a few different accounts with some others and this is rather easy to get around. Very fast execution of trades as well much quicker than others it is instant which I like you get the entry price you want.
Positive
Jan de Vries
Netherlands
Been particularly impressed with the regular updates and improvements made to the platform. The advanced charting tools and technical indicators are incredibly detailed. However, honestly, risk management tools are okay. They provide the basic functionality needed to manage risk, but they're not particularly advanced or user-friendly.
Positive
FX1147331693
Taiwan
I received this advertisement from nag markets before, and now I came to wikifx to take a look, and found that its transaction speed is relatively average, and some people say it is a scam. His regulatory license is from Vanuatu, which is an offshore license that is not so safe. It is not recommended to trade with him.
Neutral
201955405
Colombia
So far I believe that the service provided by this company is satisfactory to me, and its transaction costs are within a reasonable range. The amount of spreads and commissions are not very high, which I really like. The fly in the ointment is that it is only regulated by the Vanuatu Financial Services Commission, which may not be so safe.
Positive