NAG Markets is a broker that offers trading services in forex, precious metals, crude oil, and indices for investors. The official website of NAG Markets is https://www.nagmarkets.com/, and it supports languages such as Traditional Chinese, English, French, German, Russian, Japanese, Korean, Thai, and Arabic. According to the domain registration information obtained from a Whois query, the website's domain was registered on June 24, 2019, and it has been active for over four years.
Company Background:
The official website of NAG Markets does not provide explicit registration information. However, contact information on the NAG Markets website suggests that the company and its affiliated company, NAG Markets Limited, are likely registered in Australia. The results from the Australian Securities and Investments Commission (ASIC) website confirm the authenticity of the registration information for both NAG Markets and its affiliated company NAG Markets Limited. Furthermore, NAG Markets holds a registration number from the Australian Business Register (ABN Lookup). As per the domain registration information, the website's domain has been active for over four years since June 24, 2019.
Account Registration:
NAG Markets offers registration for both live and demo accounts. To register a live account, users need to click on "Live" at the top right corner of the NAG Markets website or "Start Trading" on the left side to enter the registration page. The process requires providing information such as country, phone number, email, password, and trading platform choice. The registration pages for live and demo accounts on the NAG Markets website are available in English.
Account Types:
NAG Markets does not provide information on the types of trading accounts on its official website.
Trading Products:
The NAG Markets website states that the company provides trading services for forex, precious metals, energy, and indices. The website lists specific trading products for forex, precious metals, energy, and indices, along with details such as spreads, contract sizes, overnight interest rates, and trading hours. However, information regarding commissions and margin ratios for specific trading products is not provided.
Margin Ratios:
NAG Markets displays two types of margin ratios for investors, namely 1:100 and 1:400, on its official website. However, detailed information on margin ratios for specific trading products in forex, precious metals, energy, and indices is not provided. The website also includes information on additional margin ratios and forced closure ratios.
Trading Hours:
The NAG Markets website provides information on the trading hours for specific trading products in forex, precious metals, energy, and indices.
Deposits and Withdrawals:
NAG Markets supports various deposit methods such as bank transfers, NganLuong.vn, Neteller, and Skrill. The website includes details on accepted deposit currencies, deposit fees, and deposit processing times. However, information regarding supported withdrawal methods, currencies, fees, and withdrawal processing times is not provided.
Trading Software:
NAG Markets offers investors MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as trading software. Both trading platforms are available for desktop (Windows/MacOS) and mobile (iOS/Android) use. However, there may be issues with downloading and installing the Android versions of MT4 and MT5 in certain countries or regions.
Additional Services:
NAG Markets provides additional services such as Autochartist, an economic calendar, market news, and market commentary. Autochartist assists investors in analyzing market trends and predicting potential market reversals. The economic calendar helps investors stay informed about past and upcoming risk events in financial markets. Market news and commentary aid investors in staying updated on the latest financial market information and analysis.
Regulatory Information:
The NAG Markets website indicates that the company is regulated or authorized by the Vanuatu Financial Services Commission (VFSC), and its affiliated company, NAG Markets Limited, is regulated or authorized by the Financial Services Authority (FSA) of Seychelles. The results from the VFSC and FSA websites confirm the authenticity of the regulatory or authorization information for both NAG Markets and NAG Markets Limited.
Conclusion:
NAG Markets is presented as a broker engaged in legitimate business operations. Although the official website of NAG Markets does not provide details regarding supported withdrawal methods, fees, currencies, and processing times, the information available on the ASIC website confirms the authenticity of the registration details for NAG Markets and its affiliated company, NAG Markets Limited. Moreover, regulatory or authorization information from the VFSC and FSA websites also verifies the legitimacy of NAG Markets. Based on this assessment, NAG Markets appears to be a broker operating legitimately. traderKnows remain vigilant about their financial security and avoid falling into potential fraud traps.
