I WORK AS IB IN THIS BTOKER SCAM BROKER! They block withdrawals and then block you on Instagram when you ask for your money. Avoid at all costs! Cyber Cell Complaint filed."SCAM ALERT! 🚨 @NXG_Markets... See more
Company replied
While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more
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See what reviewers are saying
Scammers first did scam in the name of yamarkets closed the service website and now they have come up with nxgmarkets to cheat people again. yamarkets and nxgmarkets are running by same people its a... See more
Company replied
Lost $433k here after falling for their promises. They made it almost impossible to withdraw, and support vanished once I complained. Luckily, I didn’t stop fighting and with outside help, I recovere... See more
Company replied
I have started trading 5 months ago and all going okay , timely withdrawal and support , overall is good. only they don’t process withdrawal on weekends but still i give full rating
Company replied
Company details
Written by the company
NXG Markets, an industry-leading Forex and CFD platform since 2017, offers a trustworthy, approachable, and ethical trading environment with a diverse range of instruments. Our user-friendly platform, educational resources, and dedicated 24/7 expert support empower clients to trade confidently, make informed decisions, and excel in their financial journey.
Contact info
L36 1 MACQUARIE PL SYDNEY NSW 2000, sydney, Australia
- +61-480-037-361
- support@nxgmarkets.com
- nxgmarkets.com
Breach of guidelines
Poor experience
My experience with this broker has been very poor. Since i am from India and Forex trading is not completely legal here. Therefore all the reputed brokers do not allow client to deposit or withdraw their funds via imps or upi but this broker allows it while depositing.
But when you try to withdraw your amount broker tries to reject it giving illogical excuses. They ask you to sign their customer declaration form in case you reach out to their support team. This form can be used against the client in arbitrary manner.
I received my deposited amount after 3 months of the withdrawal request submission.
Also their Support system is very pathetic. If your raise a ticket they would give you robotic replies and never resolves any problem.
Their score on wikifx is also low and they have many exposure complaints filed against them.
I would highly urge traders from India to stay away from this broker.
10 June 2026
Unprompted review
Scamer when did u have refunded me?
Scamer when did u have refunded me?
You are not replying to my mail and never have returned my funds. Show the proof of the transaction u have made.
9 June 2026
Unprompted review
Reply from NXG Markets
We've reviewed your claim. We process all refunds according to our standard procedures and regulatory requirements. Refund timelines typically take 5-10 business days depending on your bank and location.
Regarding communication: We have multiple support channels and respond to all legitimate requests. If you haven't received responses, we recommend checking your spam folder or contacting us directly.
Regarding proof: Transaction details are available in your account dashboard and statements. We can provide documentation upon request.
To resolve this: Please contact support@nxgmarkets.com
with:
Your account details
Specific transaction/refund date
Any reference numbers
We will provide a status update on your refund.
Best regards,
NXG Markets Support Team
I WORK AS IB IN THIS BTOKER SCAM…
I WORK AS IB IN THIS BTOKER SCAM BROKER! They block withdrawals and then block you on Instagram when you ask for your money. Avoid at all costs! Cyber Cell Complaint filed."SCAM ALERT! 🚨 @NXG_Markets is a FRAUD. They manipulated my WTI (Oil) trades and now blocking withdrawals of $2,500. Using MT5 platform for cheating. Reported to Cyber Crime (Ack: 21203260001749).
11 March 2026
Unprompted review
Reply from NXG Markets
Thank you for sharing your concern. We want to inform you that your withdrawal has already been processed on our end. Please check your account or reach out to our support team directly for confirmation details.
We understand frustrations can arise, but we kindly ask that reviews reflect accurate and current information. We remain available to resolve any outstanding queries promptly.
🚨 OPEN WARNING TO Sulaman Mughal & NXG…
🚨 OPEN WARNING TO Sulaman Mughal & NXG Markets 🚨
⚠️ Please read this carefully before more traders and IBs become victims of the same situation. ⚠️
From the beginning, I was already doubtful about working with NXG Markets because of the many negative reviews on Trustpilot and WikiFX.
However, Sulaman Mughal personally convinced me that:
✅ withdrawals were safe
✅ client funds were secure
✅ all negative reviews were just misunderstandings
Because of those assurances, I trusted NXG and brought my clients to this broker.
Not only that — during the trading process, I was also receiving trading signals and directions from Sulaman Mughal himself.
Now more than $30,000 of my clients’ funds remain unpaid ❌💰
What shocked me the most is that instead of solving the withdrawal issue, I started hearing excuses about:
⚠️ company profits
⚠️ bonuses already given
⚠️ negative social media reviews
So now I want to ask publicly to Sulaman Mughal and @NXG:
❓ If the trading was considered valid, why were the accounts allowed to trade from the beginning?
❓ Why were trading signals still being given?
❓ Why were profits allowed to grow normally?
❓ And why did the problems only start when clients requested withdrawals?
Even more concerning, I was told that negative reviews and social media comments affected the company’s willingness to process payments.
⚠️ Since when do client withdrawals depend on whether the company likes what clients say online?
As an IB, I feel like I was used to bring clients into NXG, but when those clients asked for their rights, I was left alone to face all the consequences.
I am not asking for bonuses.
I am not asking for special treatment.
I am only asking for one thing:
💰 PAY MY CLIENTS THEIR MONEY.
Until today, I am still waiting for real responsibility and a clear resolution from Sulaman and NXG. 🚨
3 June 2026
Unprompted review
Reply from NXG Markets
Thank you for your detailed review. We want to clarify several points regarding your claims.
Regarding withdrawals: We process all withdrawal requests according to our standard procedures and regulatory requirements. If there are delays, they are typically due to compliance verification, banking processes, or incomplete documentation—not refusal to pay.
Regarding trading signals: Any guidance provided was educational in nature and based on market analysis. Trading decisions remain the client's responsibility, and we cannot guarantee profits or outcomes.
Regarding account restrictions: Accounts are only restricted when compliance or anti-money laundering checks are required—standard industry practice for broker protection and client security.
Regarding social media impact: Client withdrawals are processed based on legitimate business and regulatory requirements, never based on online reviews or social commentary.
Our position: We welcome legitimate complaints, but we cannot validate unsubstantiated claims.
If you have specific account details or documentation showing improper conduct, please raise a formal complaint at support@nxgmarkets.com
with:
Account numbers
Specific transaction dates
Supporting documentation
We will review any documented claims thoroughly. However, withdrawal delays do not equate to non-payment, and we operate within industry standards and regulations.
Best regards,
NXG Markets Compliance Team
Scammers
Scammers first did scam in the name of yamarkets closed the service website and now they have come up with nxgmarkets to cheat people again. yamarkets and nxgmarkets are running by same people its a bunch of scammers.
6 May 2026
Unprompted review
Reply from NXG Markets
Thank you for your review. We want to be absolutely clear: NXG Markets has no affiliation or connection with any other trading platform. We are a fully independent company with our own registered structure and leadership.
We take false and defamatory claims seriously and reserve the right to take appropriate action. If you have genuine concerns, please contact our support team directly and we will be happy to assist.
The broker is not paying the client.
I deposited funds and traded normally, but when I requested a withdrawal, it was not processed. The broker has continuously failed to respond regarding my withdrawal.
MT5 Account: 24490
3 February 2026
Unprompted review
Reply from NXG Markets
Thank you for your feedback. We take all withdrawal requests seriously and process them according to our terms and conditions.
Please review our terms and conditions carefully and follow the proper withdrawal procedure outlined in your client agreement.
If you're experiencing any issues, contact our official support team through the correct channels with your account details (MT5: 24490) so we can assist you appropriately.
We're committed to serving clients who comply with our terms and use the proper support channels.
Best regards,
NXG Markets Team
Best broker and fast withdrawal…
Best broker and fast withdrawal services in india thank you nxg markets for giving good support.
6 November 2025
Unprompted review
Reply from NXG Markets
Thank you so much for your positive feedback! We are thrilled to hear that you are satisfied with our withdrawal speed and the support provided by our team.
At NXG Markets, we strive to provide a seamless trading experience and top-tier service to all our clients. Your appreciation motivates us to keep improving.
Thank you for choosing us as your trusted broker.
I am deeply disappointed with my…
I am deeply disappointed with my experience with NXG Markets.
I deposited more than 500,000 USD, and my entire experience with them has been a nightmare.
From the beginning, I faced:
• Unprofessional communication
• Lack of transparency
• Unclear explanations about my account and trades
• No proper support when my funds started disappearing
I kept asking for clear reports, statements, and proper guidance — instead, I received vague answers and zero accountability.
Today, my balance is gone, and I still have no proper explanation of where my funds went.
This has been financially and emotionally devastating.
Based on my experience, I strongly warn others to be extremely careful before trusting this company with your money.
I truly hope no one else goes through what I went through.
15 November 2025
Unprompted review
Reply from NXG Markets
Thank you Sanjay for bringing your concerns to our attention. We take all client feedback seriously and are committed to resolving any issues.
However, we have made multiple attempts to verify your account and assist you, including:
1. Requesting your account ID
2. Asking for account verification documents
3. Reaching out through our official support channels
Unfortunately, you have not provided the necessary information for us to locate your account or investigate your claim.
We want to help resolve this matter, but we cannot proceed without:
1. Your registered account ID
2. Verification documents
3. Any supporting transaction records
We urge you to contact us immediately at support@nxgmarkets.com with the required information so we can conduct a thorough investigation and provide you with a detailed response.
If you cannot provide verifiable account details, we respectfully request that you remove this review, as we have no record of this account or transaction in our system.
We remain ready to assist once proper verification is provided.
Best regards,
NXG Markets
NXG MARKETS AND LALIT MATA SCAMER
Dear Compliance Team,
I am writing to formally raise my concern regarding the refusal of my withdrawal request. I have been informed that my Relationship Manager has left the organization, and this has been cited as the reason for the delay.
Please note that the departure of an employee should not affect a client’s right to access their funds. As a customer, I expect my withdrawal request to be processed promptly and without unnecessary obstacles.
Details:
- Broker: NXG Markets Limited
- License: Mwali International Services Authority
- Withdrawal Amount: [844$+405$ total 1249$]
- Account ID: MT5 18505
_mwali license number T2022091
Also I am sharing all my account screenshot and communication with broker.
This delay violates fair trading practices and raises serious concerns about compliance with regulatory obligations. I request immediate resolution within 7 business days. If unresolved, I will escalate this matter to the Mwali International Services Authority and other relevant bodies.
Sincerely,
moksh jain
19 November 2025
Unprompted review
Reply from NXG Markets
Dear Moksh,
Thank you for raising your concern. Please note that the departure of a Relationship Manager does not affect a client’s right to withdraw funds. Withdrawals are handled by our operations and compliance teams under standard verification procedures.
For security reasons, we cannot discuss account details publicly. We kindly ask you to contact our Compliance Team at support@nxgmarkets.com
from your registered email, quoting Account ID: MT5 18505, so this matter can be reviewed and resolved promptly.
Kind regards,
NXG Markets Compliance Team
I’m speaking from experience
I’m speaking from experience — I trusted this group once, and it was one of the worst mistakes of my life. They took people’s hard-earned money, ruined so many careers, and walked away like nothing happened. Now they’re back with new names, pretending to be something different. But we know exactly who’s behind it. The same so called CEO of Yamarkets
You can’t just rebrand and erase the damage you caused. The lies, the manipulation, the empty promises — it’s all the same game with a new label. People deserve honesty, not another setup.
PEOPLE This is a wake-up call: don’t fall for the same trap again.
6 November 2025
Unprompted review
Reply from NXG Markets
Hi
We understand your concern, but we’d like to clarify that NXG Markets is an entirely independent entity with its own management, operations, and regulatory framework. We are not connected in any form with the individuals or companies you’ve mentioned.
Our mission has always been to provide a transparent, secure, and fair trading environment for all our clients. We encourage you to reach out to our official support team at support@nxgmarkets.com
so we can verify any specific information and assist you directly.
We take integrity and client trust very seriously, and we welcome any opportunity to demonstrate our transparency and commitment to our traders and partners.
Thank you for bringing this up — we value every concern shared, as it allows us to reinforce confidence and clarity within our community.
NXG Markets Team
Seriously.
10 June 2025
Unprompted review
Reply from NXG Markets
We see you have left a rating of one star and simply written "seriouly" (or seriously).
We take all feedback, especially one-star reviews, very seriously. However, this comment is completely unspecific and we cannot address it without further information.
Regarding your request for the "pfoords" (which we assume is a misspelling of proof or details):
We require the specific details of your complaint or experience.
What exactly was the issue?
What service or action are you requesting "proof" for?
Please provide the concrete facts and context of your negative experience so we can investigate and address the matter appropriately. Generic and unverified complaints will not be entertained here.
I have started trading 5 months ago and…
I have started trading 5 months ago and all going okay , timely withdrawal and support , overall is good. only they don’t process withdrawal on weekends but still i give full rating
6 November 2025
Unprompted review
Reply from NXG Markets
Thank you for sharing your experience!
We’re glad to know your trading journey with NXG Markets has been smooth and satisfying.
Wishing you continued success and profitable trades ahead
Team NXG Markets
Lost $433k here after falling for their…
Lost $433k here after falling for their promises. They made it almost impossible to withdraw, and support vanished once I complained. Luckily, I didn’t stop fighting and with outside help, I recovered what I lost. Sharing this so others stay cautious.
13 September 2025
Reply from NXG Markets
Hi Daverosenburg
We’re sorry to hear about your experience. At NXG Markets, client fund security and transparency are top priorities and we have strict protocols to ensure smooth withdrawals and responsive support.
We’d like to review your case personally to understand what happened and provide full clarity. Please contact us at support@nxgmarkets.com with your registered account details so we can assist you directly.
Thank you for bringing this to our attention we’ll do everything possible to make it right.
NXG Markets Support Team
Notifications keep me updated on market…
Notifications keep me updated on market moves.
3 September 2025
Unprompted review
Reply from NXG Markets
Thank you for sharing your experience!
We’re glad to hear that our notifications are helping you stay on top of market movements. At NXG Markets, we’re always working to keep our traders informed, empowered, and ready to make smarter trading decisions.
We appreciate your feedback and wish you continued success in your trading journey!
The NXG Markets Team
I can monitor my trades anytime
I can monitor my trades anytime, anywhere.
13 July 2025
Unprompted review
Great for managing multiple accounts.
19 August 2025
Unprompted review
Reply from NXG Markets
Thank you, David! We're glad to hear NXG Markets makes managing multiple accounts easier for you. Your trust means a lot to us
This is my second review for this scam…
This is my second review for this scam piece of shit broker. You reply by ask to email support for the problem? Hey! Your support never response and reply for solution. You clearly blocked the account. It's easy if you want solution. Just open the account again and pay all balance and the profit and I will delete my bad review
19 August 2025
Unprompted review
Reply from NXG Markets
We kindly request that reviews remain genuine and not used to post repeated or misleading comments.
This is your second identical post, and we cannot resolve account matters through public threats or demands.
If you have a legitimate concern, please email support@nxgmarkets.com
with your registered account details so our Compliance Team can properly review it.
Genuine cases are always investigated, but repeated fake or promotional reviews do not reflect the truth and mislead other readers.
Trustable forex broker with instant…
Trustable forex broker with instant market orders execution. Withdrawal & deposit process is very smooth. Also good customer service for resolving queries. Must try them.
12 August 2025
Unprompted review
Reply from NXG Markets
Thank you Sarvjit Singh for your kind words! We’re glad you value our smooth processes, fast execution, and customer service.
ᴛʜɪꜱ ᴄᴏᴍᴘᴀɴʏ ᴜꜱᴇᴅ ᴛᴏ ʙᴇ ᴀ ɢᴏᴏᴅ ꜱɪᴛᴇ ᴛᴏ…
ᴛʜɪꜱ ᴄᴏᴍᴘᴀɴʏ ᴜꜱᴇᴅ ᴛᴏ ʙᴇ ᴀ ɢᴏᴏᴅ ꜱɪᴛᴇ ᴛᴏ ᴡᴏʀᴋ ᴛᴏ ᴇᴀʀɴ ꜱᴏ ᴍᴏɴᴇʏ ɪ ʜᴀᴠᴇ ʙᴇᴇɴ ᴡᴏʀᴋɪɴɢ ᴏɴ ᴛʜɪꜱ ꜱɪᴛᴇ ꜰᴏʀ ᴛᴡᴏ ʏᴇᴀʀꜱ, ʙᴜᴛ ɴᴏᴡ ᴇᴠᴇʀʏᴛʜɪɴɢ ɪꜱ ʀᴜɪɴᴇᴅ, ᴛʜᴇ ᴡɪʟʟ ʙʟᴏᴄᴋ ʏᴏᴜ ᴀᴄᴄᴜꜱɪɴɢ ʏᴏᴜ ᴜꜱɪɴɢ ᴠᴘɴ/ᴘʀᴏxʏ ᴀɴᴅ ʙʟᴏᴄᴋ ʏᴏᴜ ꜰʀᴏᴍ ᴡɪᴛʜᴅʀᴀᴡɪɴɢ ᴀɴᴅ ᴀꜰᴛᴇʀ ᴛʜᴇ ʀᴇꜱᴛʀɪᴄᴛɪᴏɴ ᴇɴᴅꜱ ᴛʜᴇʏ ᴡɪʟʟ ꜱᴛɪʟʟ ᴛᴇʟʟ ʏᴏᴜ, ʏᴏᴜ ᴀʀᴇ ᴡɪʟʟ ꜱᴛɪʟʟ ᴛᴇʟʟ ʏᴏᴜ ʏᴏᴜ ᴀʀᴇ ᴜꜱɪɴɢ ᴠᴘɴ ᴡʜɪᴄʜ ɪꜱ ꜰᴀʟꜱᴇ ɴᴏ ᴍᴀᴛᴛᴇʀ ʜᴏᴡ ʏᴏᴜ ᴇxᴘʟᴀɪɴ ᴛᴏ ᴛʜᴇᴍ ᴡɪᴛʜ ᴇᴠɪᴅᴇɴᴄᴇ. ᴀ ʙɪɢ ᴛʜᴀɴᴋ ʏᴏᴜ ᴛᴏ ʀᴇᴛ;ʀɪᴇᴠɪꜱᴛᴀ, ᴡʜɪᴄʜ ɪ ʟᴏᴄᴀᴛᴇᴅ ᴏɴ ɢᴏᴏɢʟᴇ, ꜰᴏʀ ᴛʜᴇɪʀ ᴇxᴄᴇʟʟᴇɴᴛ ʀᴇꜰᴜɴᴅ ꜱᴇʀᴠɪᴄᴇ! ᴛʜᴇɪʀ ᴛᴇᴀᴍ ᴅᴇʟɪᴠᴇʀᴇᴅ ᴏɴ ᴇᴠᴇʀʏ ꜱɪɴɢʟᴇ ᴘʀᴏᴍɪꜱᴇ, ᴄᴏᴍᴍᴜɴɪᴄᴀᴛᴇᴅ ᴘʀᴏꜰᴇꜱꜱɪᴏɴᴀʟʟʏ, ᴀɴᴅ ᴍᴀᴅᴇ ᴍᴇ ꜰᴇᴇʟ ɢᴇɴᴜɪɴᴇʟʏ ᴠᴀʟᴜᴇᴅ. ᴛʜᴇ ᴄʟᴇᴀʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ᴀɴᴅ ᴅᴇᴘᴇɴᴅᴀʙʟᴇ ᴀᴄᴛɪᴏɴꜱ ᴍᴇᴀɴᴛ ᴢᴇʀᴏ ꜱᴛʀᴇꜱꜱ ꜰᴏʀ ᴍᴇ. ɪᴛ'ꜱ ꜰᴀɴᴛᴀꜱᴛɪᴄ ᴛᴏ ꜱᴇᴇ ᴀ company that performs very well
19 June 2025
Unprompted review
Reply from NXG Markets
We’re sorry for the inconvenience you’ve experienced. NXG Markets is a regulated broker, and we do not block client balances. All we come with clear terms and conditions.
If you have a genuine concern, please provide your details to support@nxgmarkets.com so our team can review and assist you directly.
App works really smooth on my phone
App works really smooth on my phone. I can trade whenever I want, even when I am outside. It's fast and never crashes.
30 April 2025
Reply from NXG Markets
Dear Jack,
Thank you for your great feedback! We're happy to hear that the app is running smoothly on your phone and giving you the flexibility to trade on the go. Providing a fast, stable, and user-friendly experience is exactly what we aim for.
Wishing you continued success in your trading journey!
NXG Markets Team
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