NAGM Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-29 18:04

Abstract：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 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