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Review NAGA

Established in 2015, NAGA is a global fintech company with offices in Germany, Cyprus, and China. Despite being relatively young, it leverages extensive industry experience to provide a robust trading and investment ecosystem.

NAGA offers access to a diverse range of financial instruments, including forex, commodities, cryptocurrencies, indices, and stocks, spanning more than 20 international markets. Renowned for its competitive fees and intuitive platform, the company caters to various trading needs with account types such as NAGA Trader for social trading and NAGA Markets for traditional trading.

Recommended to:

NAGA is recommended for both beginner and experienced traders, especially those interested in social trading and cryptocurrency investments. Its user-friendly platform and advanced trading tools cater to novices and seasoned traders alike, offering a comprehensive and seamless trading experience.

Pros

Social Trading Available
Competitive Fees
Good educational recourse

Cons

Withdrawal fees
Customer support is limited
Fee Structure is pretty complex

Review’s Keypoints

Country of regulation

Cyprus

Minimum deposit

$250

Time to open an account

1-2 days

Trading fees class

Average

Deposit with bank card

Yes

Number of base currencies supported

Products offered

Forex

Stock CFDs

Real Stocks

Cryptocurrencies

Indices

Depositing with electronic wallet

Yes

Demo account provided

Yes

Fees

NAGA offers competitive fees for trading, primarily charging through variable spreads. Additional fees include overnight funding for positions held overnight and an inactivity fee after a period of inactivity. The platform ensures clear communication of all charges to help traders understand their expenses

Pros

Competitive Spreads
Wide Range of Payment Methods

Cons

Inactivity fees
Overnight Funding Fees

NAGA Costs

Account

The online account opening process is straightforward and quick, typically taking about 10-15 minutes to complete, with an identity verification period of up to 48 hours. This is efficient and convenient for users. NAGA offers various account types to cater to different trading needs, providing flexibility in ownership structures and the scope of available services.

Iron Account

This is the entry-level account with a minimum deposit of $250. It offers standard spreads starting from 1.7 pips.

Bronze Account

Requires a minimum deposit of $2,500 and offers similar spreads to the Iron account but with reduced withdrawal fees.

Silver Account

With a minimum deposit of $5,000, this account provides lower spreads starting from 1.2 pips.

Gold Account

Requires a minimum deposit of $25,000 and offers spreads starting from 0.9 pips along with reduced commission rates.

Diamond Account

This account has a minimum deposit of $50,000, offering even lower spreads starting from 0.7 pips and further reduced commissions and fees.

Crystal Account

The highest tier, requiring a minimum deposit of $100,000, provides the lowest spreads and no withdrawal fees.

Click on the card to see details

01
Sign up and verify your email
02
Fill in the application form
03
Submit identification documents
04
Complete the Questionnaire
05
Verify your acc

Transfers

With NAGA, deposits are typically processed instantly but can take up to 1-2 business days, depending on the payment method used. Deposits can be made via bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. Withdrawals are processed within 1-2 business days and incur a flat fee. The time for the funds to appear in your account may vary based on the withdrawal method

Pros

Instant deposit availability
Multiple Payment Options

Cons

Withdrawal fee

Trading Platforms

Web Trading Platform

The NAGA web trading platform is user-friendly with a clear fee structure and secure two-step verification. Available in multiple languages, it offers intuitive navigation and an effective search function. Users can access various order types, set price alerts, and receive notifications. The 'Portfolio' tab provides a clear overview of performance and historical profit/loss balances, making NAGA a comprehensive and accessible platform for traders.

Mobile Trading Platform

NAGA broker offers a mobile trading platform. The NAGA mobile app is available for both iOS and Android devices, allowing users to trade a wide range of assets. The app supports features such as real-time order execution, price alerts, market news feed, and a unique social trading feature where you can copy the trades of other successful traders. The mobile app provides a comprehensive trading experience, enabling users to buy and sell instruments, auto-copy top investors, and communicate via NAGA Messenger. It also includes exclusive mobile features like NAGA Radar, which helps users find and connect with other NAGA traders nearby.

Desktop Trading Platform

NAGA offers a desktop trading platform. The proprietary NAGA desktop platform is designed to cater to the needs of traders who prefer accessing the market from their desktops. This platform features a sophisticated design, user-friendly interface, and supports various trading tools and functionalities. Additionally, NAGA supports third-party platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are also accessible on desktops, providing users with a versatile trading environment

Offering

NAGA In Numbers:

Currency Pairs

Assets

Users Globally

Forex

NAGA offers Forex trading with a wide range of currency pairs, including major, minor, and exotic pairs.

Stock CFD trading

NAGA offers Stock CFD trading on global stocks with competitive spreads.

Stocks

NAGA offers Real Stock trading, allowing users to invest directly in shares of major global companies. Traders can buy and sell actual stocks and benefit from potential dividends.

CFD Indicies Trading

NAGA offers Index CFD trading on major global indices.

Commodities CFD trading

NAGA offers Commodity CFD trading on popular assets like gold, silver, and crude oil.

Future CFD trading

NAGA offers Futures CFD trading on a variety of assets, including commodities like crude oil, indices, and more.

CFD ETF Trading

NAGA offers ETF CFD trading, providing access to a variety of exchange-traded funds covering different sectors and strategies.

Crypto CFD trading

NAGA offers Crypto CFD trading with a variety of cryptocurrencies, including Bitcoin and Ethereum

Tools

Market News Feed

Provides real-time updates and news from the financial markets, helping traders stay up-to-date with the latest developments

Trading Central

A professional tool providing advanced technical analysis and market insights, helping traders make informed decisions

Earnings and Economic Calendar

NAGA offers trading calculators to determine key parameters like position size and margin requirements, and an earnings calendar to track corporate earnings releases. These tools help traders make precise calculations and stay updated on significant financial events

Price Alerts

Traders can set price alerts to be notified when a specific asset reaches a certain price level, enabling timely trading decisions

Copy Trading

NAGA’s platform allows users to automatically copy the trades of successful traders, leveraging the expertise of top traders in real-time

Regulation

The NAGA trading platform is regulated by multiple reputable financial authorities, ensuring a secure and transparent trading environment. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, the Federal Financial Supervisory Authority (BaFin) in Germany, and the Comisión Nacional del Mercado de Valores (CNMV) in Spain. This extensive regulatory framework ensures that NAGA operates fairly, transparently, and provides a safe trading environment for its users.

Bottom Line

The NAGA trading platform is a well-regulated and feature-rich choice for traders, offering a user-friendly interface, extensive trading tools, and an innovative copy trading feature. Positives include regulation by CySEC, FCA, BaFin, and CNMV, a wide range of tradable assets, and comprehensive tools like Trading Central and economic calendars. Downsides include a higher minimum deposit of $250 and limited customer support hours, which may not be convenient for all traders

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