NAG Markets Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.mynagfxcn.com/#/register-live, the company's legitimate regulatory information SeychellesFSARetail Forex License,VanuatuVFSCRetail Forex License, to enhance the security of the company's address Malapela Estate, Port Vila, Vanuatu.
NAG Markets Forex Broker
Basic information
Australia
5-10 years Regulated in Seychelles Regulated in Vanuatu Retail Forex License MT5 Full License Self-developed Regional Brokers High potential risk Offshore RegulatedCompany profile
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 |
Rating Index
Standard Account
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Latest Reviews
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
2024-05-22
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
2022-12-14
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
2024-07-18