The site belongs to a company registered in the Comoros Islands, which calls itself “the most popular forex broker”. Please note that the firm boasts of having two licenses from regulators MISA and Australian ASIC, as well as an endless list of awards. However, there is no information about the project’s founders and team on the company’s official website.
Can you trust your money to this little-known CFD platform? We will reveal the secrets of this broker in our NXG Markets review. Read on and you will find out whether this project is reliable or not.
How to Trade
The brokerage firm offers trading on the MT5 platform in all major asset classes, such as stocks and cryptocurrency. The company provides the following trading conditions:
- 4 accounts with minimum deposits from $25 to $5,000.
- Spreads from 2 to 0 pips.
- Leverage up to 1:1000.
The intermediary promises withdrawal of funds within 24 hours, while the commission will be 1%. The brokerage firm claims that there are no hidden fees.
In addition, the broker provides traders with training, webinars, and a bonus program. The website has a schedule of offline events that can be participated in. Users can also sign up for a newsletter to receive updates and news to their email.
NXG Markets Vital Info
The company does not disclose its founding date and does not provide documentation to support its awards. Meanwhile, the financial regulator MISA added this organization to its register with a registration date of 19.04.2022. Although the website domain was not created until a year later, in April 2023, and was updated in early 2025. Therefore, it is unclear when this broker started providing services to clients.
We have checked the licensing of NXG Markets Pty Ltd and can confirm that it is indeed on the MISA and ASIC registers. As far as MISA is concerned, this organization’s website, nxgmarkets.com is accurately listed on its broker license. However, another issue is related to ASIC regulation. Firstly, the license is intended for financial advice, not brokerage. Second, the firm’s email address listed on the license does not match any of the four options listed in the “contact” section of this broker’s website. Finally, the regulator makes a note in the license that this company does not have a website.
It's just a virtual fraudulent platform. My trades don't seem to hit the real market at all, and their “analysts” are just messing with my head. I lost $1,740 and realized that this money was not spent on trading, but went into the pockets of scammers. Never get involved with those who do not have serious licenses and regulations
I traded using technical analysis and I will say right off the bat that this stuff works if you know what you are doing. I worked with NXGMarkets on daily and hourly sessions, watching patterns and levels. I focused on the head and shoulders and double top setups. I did not forget about the indicators, I used RSI and MACD to catch the moment to enter. One of the successful trades was on EUR/USD. I noticed that the price had reached a strong resistance level, and it was clear from the technique that there was nowhere to go further up. I waited for confirmation from the indicators and opened a short position. The price went down and within a week I closed the trade with a profit of over 4,600 dollars. However, this was only the first run. Then I found some good entry points for other pairs where the trend was confirmed on the older timeframes. As a result, I managed to make over $12,000 with NXGMarkets in a couple of months. The key is to take your time and always wait for confirmation from the market. Still, you can't go anywhere without stop losses, otherwise you can lose everything quickly. Technical analysis is not a panacea, but if you use it correctly, you can earn good money. The main thing is not to trade on emotions and follow your strategy. Finally, MT5 at nxgmarkets.com provides all the customization you need.
If you need a top forex dealer, I can recommend NXG Markets. It is a good broker that gives you to trade the way you need. That is, any strategy is available, any trading style, there are no restrictions. Even locking method is possible, but it is intended for professional traders, it is better for beginners not to get into such maze. And so, I advise intraday trading, if anything, the company's employees will certainly prompt and advise, they are friendly. You can trade during the day without interference on nxgmarkets.com, as the execution is good, liquidity on CFDs is not mentioned for obvious reasons, so the execution will be exactly in the full order volume.
The company claims 24/7 support is on the website, but this is a lie! I have called and texted the chat dozens of times and was completely ignored in response. NXG Markets can't even answer a simple question about commissions. And as a result, they started arbitrarily deducting money from my account for some “transaction fees”. I lost money every day just because they stalled and refused to provide access to my account. As a result, I lost over $370 in one month. Be careful if you don't want to be left penniless!
I became a victim of manipulations of this broker. I tried to make a trade using 1:100 leverage and as soon as the market went against me, my positions were automatically closed due to margin call. I lost over 3k dollars in one day!! All my attempts to appeal the broker's actions went unanswered.
Terrible broker. Fees are higher than promised and they constantly withhold money for some “services”. The support team does not answer questions, is silent or transfers your question to other specialists. I have the feeling that they are just waiting for the moment to embezzle my funds when I finally break down and give up.
Do not go to NXG MARKETS broker under any circumstances! I invested 1,500 USD here. However, after a week my account was frozen and I seem to have lost the money forever. I feel like a complete idiot.
My experience with this broker was horrendous. The platform was constantly crashing at the most inopportune moments, causing me to lose over €30 on scalping at once. Technical support simply told me that I don't know how to trade! This is a complete lack of professionalism and respect for customers.
I have been trading through NXG MARKETS for 6 months now and here is my verdict - it's a scam! They just stole almost €2,500 profit from me! My EUR/USD positions were forcibly closed :( when the market was just starting to move in my direction. How can you explain this, Mr. Manager? You are the worst team I have ever worked with!
I think this broker is not the best choice for beginners, even though it has a low entry threshold. Besides, there is practically no analytical and educational information on the website, and NXG MARKETS has very poor support. In my opinion, this broker is primarily focused on experienced and professional traders, for whom there is a good MT5 trading platform and affiliate program. In general, I do not see that all the necessary conditions for comfortable and successful work have been created.
I invested 2,000 USDT hoping for a stable income, but what did I get? A nightmare! Their analytics are completely useless. My investment just disappeared after a month, and when I tried to withdraw the remaining funds, they delayed the transaction for two weeks! Unprofessional attitude and terrible service!
I was excited about the bonus program offered by this company, but today I am extremely disappointed. The promised 100% bonus on my deposit turned out to be just a mirage. I invested 5k pounds expecting to get the bonus at nxgmarkets.com, but all I got was the inability to work out the bonus and withdraw my funds, as well as indifference of support and excuses. This is a scam and unfair practice!
Managers promised there would be no hidden fees, but when it came to withdrawing money, they charged me $8 for withdrawal!
One of the best options for calm intraday CFD and forex trading. I prefer major currencies, mostly 2-3 currency pairs, I trade exclusively in the US session, but occasionally drop in when the European session opens. I will note that you can make excellent profits in Nxg markets. I have a strategy and strictly follow risk management, which allows me to make money remotely. I chose this company in order to diversify brokers. That is, I keep all trading funds not in one company, but in several. So far my choice has fallen on this broker, it is adequate and responsible, I will see how the broker will behave further and show responsiveness, but so far everything is great!!!!
The terminal looks extremely clear, so absolutely any trader can understand how to trade, even those who just “today” came to the financial market. I've been studying Forex for only two weeks, but I already understand very well how to trade, open and close orders and what I need to do. It is easier than it seems. In addition, Nxg markets also provides training materials and resources. I don't know what quality they are, top-notch or mediocre, but they have helped me a lot. I will note that I have more and more knowledge every day!! Now all I have to do is to apply them correctly in practice to make money and not throw money away. That's the hardest part of trading. Use what works and forget what doesn't
Don't tell me that Nxg markets broker is good. My $40 was gone in a second because of their trailing spreads. When I opened the trade the spread was one and when I decided to close it, it became a different. There were no warnings, it was just terminal manipulation. Look for decent brokers, not this scam.