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NAGM -

Score

5.17 /10
Average

NAGM

Australia

5-10 years

Regulated in Australia

Market Making License (MM)

MT4 Full License

Global Business

High potential risk

Offshore Regulated

https://www.nagmarkets.com/en

Influence

D

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Comparison

Quantity 15

Exposure

Open Account
Website

Score

Regulatory Index6.02

Business Index7.30

Risk Management Index0.00

Software Index9.70

License Index4.62

The WikiFX Score of this broker is reduced because of too many complaints!
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

NAGM (V) LIMITED

Company Abbreviation

NAGM

Platform registered country and region

Australia

Company website

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YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2026-01-20
  • WikiFX has received a total of 9 user complaints against this broker, please be aware of the risks and do not be scammed!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

NAGM

Seychelles

WikiFX Verification

Exposure

15 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

My account balance has been decreased after locking positions

It has been reduced by 20%.

2020-12-11 17:10
Others

Fraud NAG Markets

There must be lowdown on NAG Markets . I couldn’t close position when it was a volatile market. After that, it fended off.

2020-06-17 09:45
Others

The broker liquidated my account through overnight interest

My account 102625 opened an order in March and held it. The overnight interest was within $ 20/lot and increased to $35/lot without any notification. And it charged the inventory fee of $91/lot. The inventory fee was as high as $2,000 and the account was forced to liquidation. Please provide an explanation and make compensation.

2021-08-04 11:52
Resolved

Forced Closure of Short Position on February 19, 2025

On the morning of February 19, 2025, around 8 AM, I placed a short position on GBP/USD at 1.26225 with 5 lots. The stop loss was set at 1.26400 and the take profit at 1.26000. In the evening, when I attempted to modify the take profit position, I opened the software and discovered that my short position had been forcibly closed. The forced closure showed a stop loss position at 1.26403. However, the GBP/USD candlestick chart did not reach that position in the afternoon. I requested customer service to restore my short position, but they adamantly refused. After presenting a screenshot to customer service and pointing out the significant slippage, they still claimed there was no issue. I have lost all trust in this platform now; they do not assist with resolving issues and instead exploit their own clients. It's probably best to leave such a platform sooner rather than later.

2025-02-19 21:26
Resolved

NAG Markets , give back my money!

NAG Markets made my account liquidated and gave no access to withdrawal. It is simply a fraud.

2020-06-12 15:31
Scam

NAG’s customer service maliciously deceives investors

The customer is only making regular withdrawals, but the platform forces the customer's account to pay commissions and intimidates them

2023-06-09 17:33
Resolved

Slippage

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

2021-03-15 10:15
Scam

I report the platform agent He Jiawei in real name, please seek truth from facts

I expose NAG agent He Jiawei (from Nanshan, Guangdong). In July, He Jiawei was the agent of the platform. He opened a company himself. He invested in the Gold Nine Silver Ten platform many times, and each time he gained profit. The platform was campaigning and you could get bonus. He induced me to invest in the platform with the above reason. You could gain $500 when you invest $5000 at the first time, and $650 when you invest $5000 at the second time. During this period, he only taught me to register and change the password, and he did not ask me to download the mobile app software. He said he could guarantee the safety of my principal, and told me to just recognize him. During the period, I also asked him for the daily confirmation of his mailbox, and he said that it was all advertisements and did not need to care about it. For the second investment, he said I could get the principal and bonus within 15 working days. After the expiration, He Jiawei said that my account was the main account, saying that my account has been linked to other people's orders, and I couldn't get it out, and I could only wait until 11 month. I asked him for the account password and how to download the software, but he didn’t give it to me either. During this period, I didn’t receive any foreign exchange profit from him. He kept evading my request for the principal, and told me he was figuring out the solution. He said that my account had a loss, and I couldn't withdraw now. I also received an email on October 1st. I suspect that my account was now out of money. I can't understand it to a layman, please ask the platform to help me see what's going on in the account? Is He Jiawei an agent of your platform? Everyone's money is not easy gained, but hard-earned. Please also seek truth from facts.

2022-10-14 12:00
Others

Real name report nag agent He Jiawei

Do you have a master account? Why didn't nag come out to give an explanation, and the email didn't reply?

2022-10-21 19:14
Resolved

Lag and Slippage

Set the SL at 1822 but positions are closed at 1820 by the platform. And when the market fluctuated greatly, the market will lag. Fraud platform

2020-12-14 22:51
Severe Slippage

Losses in wake of spread ans limit on position-closing

In this early March, I began to trade on NAG Markets . During that time, due to the severe slippage, the order I pended at 1573 slipped to 1566, causing to losses. The platform responded that the gap was to blame. In addition, closing position was unpractical since the quotation had been closed, which didn’t happen on other platforms. Loss was caused by unavailable position closing or locking. The platform blamed on my mere fund. If it had no problem, I couldn’t have suffered such losses.

2020-05-20 12:11
Scam

Real-name report to NAG's agent He Jiawei, fictitious facts to induce investment, NAG pays back my hard-earned money

He Jiawei, the nag agent who reported the real name to me, told me in early July that he started a business and started a company as a spot gold foreign exchange platform. He has been inducing me that the platform is a guaranteed return, and said that it only needs 5,000 US dollars (34,340 RMB). After After a period of sugar-coated cannonballs, on July 14th, He Jiawei taught me the foreign exchange investment platform, and told me that I would get a profit of 3,500 yuan in my account when I invested in the funds. After completing the registration, I asked He to log in on my mobile phone, He said that I didn't know how to operate it, so he has been operating the foreign exchange investment platform in his hands. After I made the investment on July 14, he asked me to promote it with my friends, and induced me to invest a second $5,000. (33,950 RMB) told me that I could get a profit of 5,000 RMB from this investment. In the daily confirmation email, I saw that there was no balance in it, but He Jiawei kept telling me that the email was just an advertisement. In October, I asked He Jiawei how much I had in my account, and he made a fake account. Show me that the $10,000 in it is still there. On October 5th, I asked He Jiawei to withdraw all my principal. He promised to credit the account on the 11th, but on the 11th, he said that the analyst placed an order in the account. , I still have to wait. Later, I said that I would call the police and sue him. He knew that he couldn’t cover it, so he admitted that the account was at a loss. He wanted to make money back through the account. After He Jiawei talked about his girlfriend of 4 years and contacted me, I realized that everything was a scam. He did not open a company, but was only a trader of the Nag platform, and the nag platform was not a guaranteed return, and the two induced investments were as high as: 68,290 RMB, We are all hard-earned and hard-earned money, so we were defrauded by the agent of the nag platform. Please NAG return my money. What I said is true, please call the shots for me.

2022-10-21 22:00
Scam

The so-called "manager" secretly changes customer's password in the background, resulting in liquidation of positions.

The so-called "manager" secretly changes customer's password in the background, resulting in liquidation of positions.

2024-03-27 16:50
Resolved

Exposure on Zhu Kuilin, manager of NAG Markets

I want to report Zhu Kuilin, manager of NAG Markets, who withheld my commission. It even denied at first. Then he kept shirking with the excuse of insufficient fund. I have no idea. The following is chatting records. Having promised to refund me in May, he disappeared.

2020-05-10 14:14
Others

Profitable transaction records were deleted

I started placing orders at 7 a.m. on November 13, 2023, Beijing time. The market fell rapidly at about 7:30. I bought long in batches of XAU/USD1928, 1920, and 1919. As the market rebounded, it was near 1939. I closed all the orders in NAG's 109277 account (including the orders that had been left open before). After closing the positions, the account made a profit of US$3,880. When I opened the account at 16:30 that day and prepared to place an order, I found that the three profitable orders had no transaction records. If the account is still losing money, can the platform delete the customer’s transaction records at will?

2023-12-01 11:43
    NAGM · 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 5✔PC, Mobile (iOS/Android)Experienced traders
    MetaTrader 4✔PC, 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?
    About More

    User Reviews

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    User comment

    5

    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.
    Translate to English
    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.
    Translate to English
    2024-05-22 11:46
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