What is NXG Markets?
NXG Markets is a trading platform that promotes itself as an innovative brokerage offering access to forex, cryptocurrencies, metals, indices, and stocks. Launched in 2024, the company claims to operate out of Australia and supports MetaTrader 5 and cTrader trading platforms. They advertise services for both beginners and professional traders, with multiple account types and modern trading features.
On the surface, NXG Markets appears trustworthy. But when we dug deeper for this NXG Markets review, we found several red flags that you need to know before investing.
NXG Markets Overview:
Company Name: NXG Markets
Website: https://www.nxgmarkets.com/
Address: BONOVO ROAD – FOMBONI ISLAND OF MOHELI – COMOROS UNION
Regulation Status: Not Regulated
Warned By: Not Recommended By Review Website Like Lycan Retrieve
Is NXG Markets Regulated?
The answer is no. NXG Markets is not properly regulated. While they claim to operate under the Australian Securities & Investment Commission (ASIC) with license number 001308207, records confirm this license has been revoked.
A revoked license means the company is no longer authorized to provide financial services legally under that regulation. Despite their ongoing claims, this false representation poses a serious risk to traders and investors.
WikiFX Score
- Trust score: 1.72 out of 10
- Labelled as “Danger”
- Several negative field survey reports
- No reliable proof of regulation
Red Flags to Watch Out For
Based on this NXG Markets review, here are some key concerns:
- Suspended regulation: Their ASIC license is no longer valid
- Negative reviews: Many traders have claimed their money was withheld
- Blocked accounts: Users report being locked out after requesting withdrawals
- No physical verification: No clear, verifiable office address
- Too new to trust: Founded only in 2024, there’s no reliable track record
The platform claims to offer modern features and a wide range of trading assets, but all of these mean very little without trustworthy regulatory backing.
Customer Complaints
Many traders have reported their experience with NXG Markets on platforms like Trustpilot and WikiFX. Here are some of the recurring issues:
- Withdrawals are delayed indefinitely or blocked altogether
- Profits are reversed or claimed as “invalid”
- Accounts are suspended after deposits
- No customer support or accountability
One trader shared:
“This broker is a scam. You are not allowed to withdraw your own money. They come up with false accusations and then shut down your account.”
Another said:
“They took my full deposit and profits, blocked my account, and never responded again. Stay away.”
These are typical patterns of scam brokers that lure users with big promises but trap their funds.
What NXG Markets Promises vs. Reality
NXG Markets markets itself as a trustworthy, tech-driven brokerage that gives users access to real-time markets and new opportunities. They talk about:
- High returns
- Smart trading with AI-backed systems
- User-friendly platforms
- Multiple asset classes
But none of these claims can be verified. They have no transparent operational record, no regulatory backing, and no real customer support system. That makes the risk extremely high for any potential investor.
Final Verdict – Should You Trust NXG Markets?
This NXG Markets review concludes with a strong recommendation to avoid this broker. The revoked license, unverified claims, user complaints, and misleading tactics all suggest that NXG Markets is not safe.
To summarize:
- No valid regulation
- Negative trust scores and warnings
- Poor customer experiences
- No legal protection or recourse
- Signs of fraudulent behavior
NXG Markets fits the profile of a typical scam broker. If you’re serious about investing safely, this is not the platform to use.
Lost Money to NXG Markets? Here’s What You Can Do
If you’ve already invested in NXG Markets and suspect that you’ve been scammed, you’re not alone. Many people have lost their money to similar brokers. The good news is—there’s still hope.
Recover Your Funds with Lycan Retrieve
At Lycan Retrieve, we help victims of financial scams trace and recover their lost money. Whether your funds were stolen through fake brokers, crypto scams, or blocked accounts, our team is here to support you.
We use advanced tracing tools, build legal evidence, and guide you through the recovery process. We don’t promise overnight results, but we do promise real support, confidentiality, and dedicated service.
Why Choose Lycan Retrieve?
- Real investigators, not bots
- Personalized recovery strategies
- Focused on crypto and financial fraud
- Professional and discreet services
If NXG Markets scammed you, don’t stay silent. Contact us and take the first step toward getting your money back. Help is available.
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