NAG Markets Forex Broker

NAG Markets Review SummaryFounded2024Registered Country/RegionAustraliaRegulationVFSC ,FSA（offshore regulated）Market InstrumentsForex, Metals, Energy, IndicesDemo AccountAvailableLeverageUp to 1:400SpreadFrom 1.2 pipsTrading PlatformMT5 (PC, Web, Mobile), MT4Min DepositUSD 500.00Customer SupportPhone: (+61) 2 8527 3466Email: cs@nagmarkets.com24/7 Online Chat: YesPhysical Address: Unit 803, 213 Miller Street, North Sydney NSW 2060NAG 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 ConsProsConsRegulated in VFSC and FSAHigh Spreads from 1.2 piipsOffers both MT4 and MT5 platformsHigh minimum deposit (USD 500)Demo account available for practiceOffers high leverage(1:400)Is NAG Markets Legit? NAG Markets is regulated by VFSC and FSA.Regulatory StatusOffshore RegulatedLicense TypeRetail Forex LicenseRegulated ByVanuatu(VFSC)License No.41699Licensed InstitutionNAG Markets (Pacific) LimitedRegulatory StatusOffshore RegulatedLicense TypeRetail Forex LicenseRegulated BySeychelles(FSA)License No.SD146Licensed InstitutionNAG Markets LimitedWhat 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 InstrumentsSupportedForex✔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 DepositUSD 500.00Available Account CurrenciesUSDSpreadsFrom 1.2 pipsDefault Leverage1:200Minimum Trade Size0.01 LotOptional Leverage1:100, 1:400Leverage 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 TypeSpreadFrom 1.2 pips (variable)CommissionNoneTrading Platform NAG Markets provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms together with desktop and smartphone versions.Trading PlatformSupportedAvailable DevicesSuitable forMetaTrader 5✔PC, Mobile (iOS/Android)Experienced tradersMetaTrader 4✔PC, Mobile (iOS/Android)Beginner tradersDeposit and Withdrawal NAG Markets costs for deposits or withdrawals are zero. The least needed deposit is USD 500.Deposit OptionsMin. DepositFeesProcessing TimeWire TransferUSD 500Free1-5 Business DaysNganLuong.vnUSD 500FreeInstantlyNETELLERUSD 500FreeInstantlySkrillUSD 500FreeInstantly