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    NAG Markets

    • Australia Australia
    • 2-5 years
    • Regulated in Vanuatu
    • Retail Forex License
    • MT4/5 full license
    • Regional Brokers
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    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

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    Broker Information

    Company Name

    NAG Markets(Pacific)Limited

    Phone of the company

    61280569475

    Customer Service Email Address

    cs@nagmarkets.com

    Company address

    1276, Kumul Highway, Port Villa, Vanuatu, Republic of Vanuatu

    Suite 1501A, 275 Alfred Street North Sydney, NSW 2060 Australia

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    WikiFX Risk Alerts 1
    2022.05.23

    The VanuatuVFSC regulatory with license number: 41699 is an offshore regulatory, please be aware of the risk!

    • Account
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    Trading software
    • NAG Markets Trading Account
    • Benchmark A
    • Maximum Leverage 1:400
    • Minimum Deposit Minimum Deposit USD 500.00
    • Minimum spread From 1.2 pips
    • Products 27 currency pairs and 14 CFD derivatives including Indices, Commodities as well as Precious Metals
    • Currency --
    • Currency --
    • Minimum position 0.01 Lot
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Marketing Strategy
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    NAG Markets

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    Vanuatu Financial Services Commission

    Vanuatu Financial Services Commission (VFSC)

    The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.

    • Licensed Institution :

      NAG Markets (Pacific) Limited

      Effective Date :

      2021-04-01
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3

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    NAG Markets

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    WikiFX·pyramid scheme complaint
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    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
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    NAG Markets
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    NAG Markets · Company summary

      Basic Information & Regulation

      NAG Markets is a CFDs broker, providing investors with diversified trading products including Forex, Precious Metals, Energies, and Global Indices. NAG Markets is currently under the offshore supervision of the Vanuatu Financial Services Commission (VFSC).

      Market Instruments

      NAG Markets provides a wide selection of tradable instruments, including foreign exchange, indices, energy, and precious metals. Forex trading includes 27 major currency pairs worldwide, and Precious Metals include gold and silver. Energies include Brent crude oil and WTI crude oil CFDs, and index products include major indices in the global market.

      Leverage & Account

      Forex trading has flexible leverage, up to 1:400. Precious metal products use a fixed margin to facilitate the calculation of transaction costs for customers. The margin per lot is 1,000 US dollars. The margin for each lot of energy products is US$3,000. Investors can open a real trading account on the platform. Besides, the company also provides a demo account for investors to use for free. If investors need to upgrade from a demo account to a real trading account, they only need to log in to the demo account and complete the application for the real trading account according to the index, deposit funds to the real trading account to activate the account and start trading.

      Spreads & Commissions

      Spreads for forex products start at 1.2 points, and spreads for precious metals are 0.25 for gold and 0.019 for silver. The guideline spread for energy products is 0.06, and the minimum spread for indices is 0.6.

      Trading Platform Applied

      The company uses the world-renowned and widely used online trading platforms MT4 and MT5. MT4 is fully functional, easy to use. Apart from including various trading execution functions, it also has many icons, technical indicators, curve references, support for custom indicators, and script functions. The innovative technology of MT5 allows customers to trade foreign exchange, precious metals, energy, and index CFDs around the clock.

      Deposit & Withdrawal

      NAG Markets' supported deposit and withdrawal method is wire transfer, and the accepted currency is US dollars. There are no fees for deposits and withdrawals, but the beneficiary banks or intermediary banks may charge some deposits and withdrawals fees. The processing time is within 1-5 hours. The company does not support any third-party payment, so investors must use the bank account under the personal name to deposit to the trading account

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.