Score

4.24 /10
Average

NAG Markets

Australia

5-10 years

Regulated in Seychelles

Retail Forex License

MT5 Full License

Regional Brokers

High potential risk

Offshore Regulated

A
D

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index4.94

Business Index7.04

Risk Management Index0.00

Software Index9.99

License Index3.05

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

NAG Markets(Pacific)Limited

Company Abbreviation

NAG Markets

Platform registered country and region

Australia

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 3
Previous Detection : 2025-02-01
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The Vanuatu VFSC regulation with license number: 41699 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

NAG Markets · Benchmark
Average transaction speed(ms)
429.8
The highest transaction speed(ms)
233
The highest speed of opening positions(ms)
233
The highest speed of closing position(ms)
252
The lowest speed of opening positions(ms)
662 Great
The lowest speed of closing position(ms)
705 Great
Ranking: 56 / 120
Test user 180
Transactions 2,937
Ocuppied margin $664,001 USD
Data Source WikiFX Data provide
Updated: 2025-01-31 01:01:00
Pyramid scheme complaint
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NAG Markets · Company summary
NAG Markets Review Summary
Founded2024
Registered Country/RegionAustralia
RegulationVFSC ,FSA(offshore regulated)
Market InstrumentsForex, Metals, Energy, Indices
Demo AccountAvailable
LeverageUp to 1:400
SpreadFrom 1.2 pips
Trading PlatformMT5 (PC, Web, Mobile), MT4
Min DepositUSD 500.00
Customer SupportPhone: (+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.

NAG Markets Information

Pros and Cons

ProsCons
Regulated in VFSC and FSAHigh Spreads from 1.2 piips
Offers both MT4 and MT5 platformsHigh 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 StatusOffshore Regulated
License TypeRetail Forex License
Regulated ByVanuatu(VFSC)
License No.41699
Licensed InstitutionNAG Markets (Pacific) Limited
Is NAG Markets Legit?
Regulatory StatusOffshore Regulated
License TypeRetail Forex License
Regulated BySeychelles(FSA)
License No.SD146
Licensed InstitutionNAG Markets Limited
Is NAG Markets Legit?

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 InstrumentsSupported
Forex
Commodities(Energy and metals)
Indices
Shares
Cryptocurrencies
ETFs
Bonds
What Can I Trade on NAG Markets?

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 DepositUSD 500.00
Available Account CurrenciesUSD
SpreadsFrom 1.2 pips
Default Leverage1:200
Minimum Trade Size0.01 Lot
Optional Leverage1:100, 1:400
Account Type

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
SpreadFrom 1.2 pips (variable)
CommissionNone

Trading Platform

NAG Markets provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms together with desktop and smartphone versions.

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 5PC, Mobile (iOS/Android)Experienced traders
MetaTrader 4PC, Mobile (iOS/Android)Beginner traders
Trading Platform

Deposit and Withdrawal

NAG Markets costs for deposits or withdrawals are zero. The least needed deposit is USD 500.

Deposit OptionsMin. DepositFeesProcessing Time
Wire TransferUSD 500Free1-5 Business Days
NganLuong.vnUSD 500FreeInstantly
NETELLERUSD 500FreeInstantly
SkrillUSD 500FreeInstantly
Deposit and Withdrawal

News

NewsNAG Markets: Trustworthy or Risky Broker?

Established in 2024, NAG Markets is an Australian trading platform run under VFSC and FSA. It offers a wide range of trading tools, including Forex, metals, energy, and shares, through MT4 and MT5 systems. The minimum deposit is USD 500, and practice can be done using a demo account.

WikiFX
2025-01-10 15:34
NAG Markets: Trustworthy or Risky Broker?

User Reviews

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User comment

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Comments

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Mericle
more than one year
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.
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.
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2024-07-18 13:47
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Jan de Vries
more than one year
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.
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.
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2024-05-22 11:46
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