Global Broker Regulation Inquiry App
WikiFX
Xxpro 
1-2 years
Does NXG Markets have any cons?
Broker Issues
Regulation
2025-08-02
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.
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