NAG Markets – what we know and have as facts about it; This is a trade name of NAG Markets (Pacific) Limited, which is authorized and regulated by the VFSC under register number 41699. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Product Disclosure Statement document that the company is the counterparty to every transaction and therefore clients are exposed to NAG in relation to each transaction. NAG may choose to limit its exposure to its clients by entering into matching transactions with hedging counterparties as principal in the wholesale market. This means that NAG Markets may not hedge all the client’s exposure, acting as a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit customer deals and hope that customers will lose. Every loss of customers is their profit.
So far, we have not received any complaints from customers of NAG Markets. If you have any criticism to share with us or feel annoyed by NAG Markets, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and NAG Markets if you wish.