Broker Review

Unauthorised firm details

Name: NXG Markets

Website: nxgmarkets.com

The broker discussed in this NXG Markets review presents itself as a modern Forex and CFD platform offering tight spreads, fast execution, educational resources and 24/7 support. But our checks reveal several warning signs. Below is what we discovered — read it if you care about your money.
Contacts (claimed): email and phone support listed on its website, address said to be in Sydney, Australia (unverified)
Foundation (claimed): 2017 in some profiles, but domain and filings show activity only from 2024–2025
License: No confirmed license found in major regulators
Minimum Deposit: Around $250 according to user reports

From Sign-Up to Payout
At first glance NXG Markets looks like many other brokers: a slick website, some educational content, and promises of profits with helpful account managers. But deeper inspection reveals problems. Users on forums and review sites mention withdrawal delays, unexplained fees and blocked accounts. There is no visible demo account or reliable proof of regulation. Support often slows down or stops responding when money is at stake.

Our Trading Experience With NXG Markets
Based on user reviews, the broker offers a simple web-based trading platform with standard charting tools. However, multiple traders complain about spreads widening, trades being closed unexpectedly, and withdrawals being held until additional payments are made. These issues overshadow the advertised benefits.

The Reality Check
Claims of legitimacy are contradicted by hard evidence. The domain appears very new despite claims of a long history. No verified license from any recognized financial regulator can be found. Review sites and scam-alert databases classify NXG Markets as high-risk or questionable. Ownership details are hidden.

Where Their Customers Are
Public reviews and social posts indicate NXG Markets draws clients from the UK, India, Pakistan, UAE, Algeria and the United States — a wide but lightly regulated mix of regions. This global targeting without clear licensing is another red flag.

Is NXG Markets the Right Fit?
From what we’ve gathered, no — NXG Markets is very risky. With no confirmed licensing, a short operating history, and repeated reports of withdrawal problems and hidden fees, it does not behave like a trustworthy broker.

Bottom Line
NXG Markets offers glossy promises and appealing tools, but the evidence strongly suggests it operates like a scam. If you deposit funds with them, there is a high chance you won’t get them back.
If you have already funded an account and are having trouble withdrawing, keep all your records (emails, screenshots, transaction IDs) and report the case to your local financial regulator or consumer protection agency immediately.