FSCA — South Africa
NXG Markets Limited
Regulated
NXG Markets Review — Overview
Regulation
Tier-2 regulated
Licence
FSCA
Licence status
Regulated
Instruments
Forex and CFDs
Operating
Est. 2024
Main market
AE
Entity
NXG Markets Limited
Website
Unknown
NXG Markets is a forex & CFD broker based in South Africa, established in 2024. On Trust Broker Hub it holds a Trust Score of 3.5 out of 10, which we rate as Poor — below the 5.3/10 average for brokers that hold a verified licence. High-risk profile — proceed only with caution and small amounts.
NXG Markets's licence comes from an offshore jurisdiction (FSCA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
NXG Markets provides access to forex and CFDs. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, NXG Markets carries a high-risk profile. Only consider it with money you can afford to lose, and verify everything independently first.
Trust score breakdown
How is this calculated?
Weighted total
5.46
Data completeness
3 of 10 facts verified
30% ×0.65
Trust Score
3.5 / 10
We could verify only 3 of 10 facts about NXG Markets, so its score is scaled down. A missing licence, undisclosed trading terms or no track record cannot earn marks — absence of bad news is not evidence of safety.
Trust Score history
NXG Markets currently scores 3.5/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a FSCA licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Very short operating history (under 2 years)
- Trading conditions and fees not publicly disclosed
Regulation
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Not disclosed |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | Not disclosed |
| Platforms | Not disclosed |
| Demo account | Not disclosed |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on NXG Markets
Our analysis · editorial
3.5/10
High-risk profile
NXG Markets is regulated under a mid-tier authority (FSCA). Based in South Africa, it has been operating for about 2 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 3.5/10 — a high-risk profile.
Strengths
- Holds a recognised mid-tier licence (FSCA)
- No complaints on record with us
Watch-outs
- Short operating history (2 years)
- Limited public data on its trading conditions
Bottom line: High risk — we would avoid depositing significant funds until its regulation improves.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
NXG Markets — Questions & Answers
Log in to ask a question about NXG Markets.
No questions yet about NXG Markets. Be the first to ask — answers from the community and our team help every trader.
Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag NXG Markets here if that changes.
Full specifications
Regulated region
South Africa
Operating period
2-5 years
Main market
AE
License status
Regulated
Year founded
2024
Frequently asked
Is NXG Markets a safe broker?
NXG Markets scores 3.5 / 10 on our Trust Score, below the 5.3 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
How is the NXG Markets trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from NXG Markets?
NXG Markets doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.