Global Broker Regulation Inquiry App
WikiFX
Xxpro 
1-2 years
Does NXG Markets have any cons?
Broker Issues
Regulation
08-02
United States
WikiFX
Reply
Yes, the biggest con for me is the revoked ASIC regulation. A revoked license means the broker is no longer monitored by a respected regulatory body, which introduces significant risk. Additionally, while they offer some great features like tight spreads and multiple account types, the lack of regulation is a major red flag that I can't overlook in my NXG Markets review.
Similar Questions
Is Century Investment Futures a legit broker?
Bhavani Durga K
07-15
Is Trading Pro a legal broker?
TradeTimeAllWasted
06-27
In what ways does MC900’s regulatory status help safeguard my funds?
Hhduy
09-05
Is Levels a safe and legit broker?
Franko Knavs
06-15
What do I think are the pros and cons of ST Market?
Rpy Sundram
08-19