NAGA Account Types

NAGA provides 1 standard account with 6 achievement tiers: Iron-, Bronze-, Silver-, Gold-, Diamond-, Crystal Tiers, and access to Islamic Account, and Demo Account. With access to over 500 tradable assets. The spread on this standard account starts from 1 pip.

🔎 NAGA Achievements Tiers	📈 Iron Trader	📉 Bronze Trader	📊 Silver Trader	📈 Gold Trader	📊 Diamond Trader	📈 Crystal Trader
💳 Min. deposit NGC	5 NGC	50 NGC	225 NGC	600 NGC	1500 NGC	5000 NGC
💸 Min. deposit USD	$250	$2.500	$5.000	$25.000	$50.000	$100.000
⏳ Min. EUR/USD spread	2.5 pips	2.3 pips	1.9 pips	1.7 pips	0.9 pips	0.7 pips
💰 Copy Bonus	$0.10 per copied trade	$0.12 per copied trade	$0.15 per copied trade	$0.20 per copied trade	$0.25 per copied trade	$0.30 per copied trade
💫 Commission on stock CFDs	0.20%	0.20%	0.20%	0.10%	0.10%	0.10%
🚀 Open an Account	👉 Click Here	👉 Click Here	👉 Click Here	👉 Click Here	👉 Click Here	👉 Click Here

Overall Rating

Min Deposit

USD 250

Regulators

CySEC

Trading Platform

MT4, MT5, NAGA Web

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

NAGA Account Types – 9 key points quick overview:

NAGA at a Glance

🔎 Broker's Name	NAGA
📍 Headquartered	Frankfurt, Germany
📅 Year Founded	2015
⚖️ Regulating Authorities	CySEC
📌CySEC No	License No. 204/13
US Clients Accepted	No
👍 Demo Account	Yes
💰 Minimum Deposit	$ 250 / R 4000 ZAR
🌐 Spreads	0.7 pips - 2.5 pips
🌐 Commission	0.10% - 0.20%
🌐 Fees	1.15€ - 4.99€
📊 Accounts	Demo account, Standard Account, Professional account
📎 Bonus	No Sign-up bonus
☪️ Islamic account (swap-free)	No
📊 Institutional Accounts	Yes
📊 Managed Accounts	Yes
📈 Maximum Leverage	30:1
💳 Deposit Options	Visa, Mastercard, Maetro, Skrill, Neteller, SOFORT, GiroPay, EPS, iDEAL, Przelewy, Trustly, BankWire
💳 Withdrawal Options	Visa, Mastercard, Maetro, Skrill, Neteller, SOFORT, GiroPay, EPS, iDEAL, Przelewy, Trustly, BankWire
💻 Platform Types	MT4, MT5, NAGA Web
📱 OS Compatibility	PC, smartphones, web
📈 Tradable assets offered	Currencies, Commodities, Indices, Stocks, Crypto, Futures
👨‍💼 Languages supported on Website	English, German, Italian, Portuguese, Polish, Czech, Malay, Chinese, Vietnamese, Arabic, and more.
👥 Customer Support Languages	English, German, Italian, Portuguese, Polish, Czech, Malay, Chinese, Vietnamese, Arabic, and more.
📆 Customer Service Hours	24/5
🔎 Open an Account	👉 Click Here

NAGA Overview

Naga is a popular Forex broker located in Cypress, and regulated by both the FCA and CySEC to offer access to a broad range of assets and instruments which can be traded on both the MetaTrader 4 and MetaTrader 5 platforms, as well as proprietary copy trading software from the broker.

While Naga’s pricing is not as competitive as that of many other brokers, traders will nonetheless benefit from the wide range of tools and features offered for enhanced analysis, as well as excellent customer support.

Accounts can be opened with an easy online registration process for a minimum deposit of $250, and all new traders are automatically routed through a demo process to ensure that they are fully equipped to trade using Naga’s specially developed tools and features.

NAGA Account Types

Naga offers 1 standard account with six different accounts tiers, consisting of the Iron, Bronze, Silver, Gold, Diamond, and Crystal Accounts.

Once you have opened a live account, you may also open to live MT4 and MT5 sub-accounts, each with different base currencies, allowing users to trade on different strategies simultaneously. VIP Accounts are also available from Naga

Traders who register with Naga will automatically create a demo account. Traders are required to complete a demo session before opening a live account. Naga further offers a swap-free account for traders of the Muslim faith.

How to open a NAGA account

1. Step 1 – Web selection

Click on the Sign-Up button located at the top right-hand section of the landing page

2. Step 2 – Complete information

Complete the online registration form. You will have to provide your full name, email address, country of residence, and create a password.

3. Step 3 – Account creation

Upon submission of your online registration form, an account will be created for you by default. You can begin trading on the live account. Choose the Account Type, Server Type, and Base Currency and add an Account Name
Click Create Account button to confirm your new account settings

You can also transfer funds between multiple accounts.

Naga Tier Features

Iron Tier

Minimum Fixed Deposit: $250.00
Spread: Standard Spreads (e.g. EURUSD 1.7)
Copy Bonus All Pairs/Crypto Pairs: Earn $0.12 per copied trade
Copy Bonus NGC Trading account: Earn $0.22 per copied trade
Copy Bonus FX PAIRS: Earn $0.50 per copied trade
Commission Reduction: Reduced Commission on Stock CFDs (0,20%)
Withdrawal Fees: 5 EUR/USD/GBP or equivalent
Free Stock trading: 0% Real-Stock Trading (European Clients)
Signals / Research: Daily NAGA 5 Trading Signals
Ebooks: YES

💠Feature	📈 NAGA Iron Tier
Minimum Deposit	$250 / R 4000 ZAR
Spreads	Standard Spreads (e.g. EURUSD 1.7)
Copy Bonus All Pairs/Crypto Pairs	Earn $0.12 per copied trade
Copy Bonus NGC Trading account	Earn $0.22 per copied trade
Copy Bonus FX PAIRS	Earn $0.50 per copied trade
Commission Reduction	Reduced Commission on Stock CFDs (0,20%)
Withdrawal Fees	5 EUR/USD/GBP or equivalent
Ebooks	Yes
Signals / Research	Daily NAGA 5 Trading Signals
Free Stock trading	0% Real-Stock Trading (European Clients)

Bronze Tier

Minimum Fiat Deposit: $2500.00
Spread: Standard Spreads (e.g. EURUSD 1.7)
Copy Bonus All Pairs/Crypto Pairs: Earn $0.15 per copied trade
Copy Bonus NGC Trading account: Earn $0.26 per copied trade
Copy Bonus FX PAIRS: Earn $0.60 per copied trade
Commission Reduction: Reduced Commission on Stock CFDs (0,20%)
Withdrawal Fees: 4 EUR/USD/GBP or equivalent
Free Stock trading: 0% Real-Stock Trading (European Clients)
Signals / Research: Daily NAGA 5 Trading Signals
Ebooks: YES

💠Feature	📈 NAGA Bronze Tier
Minimum Deposit	$2500 / R 40 000 ZAR
Spreads	Standard Spreads (e.g. EURUSD 1.7)
Copy Bonus All Pairs/Crypto Pairs	Earn $0.15 per copied trade
Copy Bonus NGC Trading account	Earn $0.26 per copied trade
Copy Bonus FX PAIRS	Earn $0.60 per copied trade
Commission Reduction	Reduced Commission on Stock CFDs (0,20%)
Withdrawal Fees	4 EUR/USD/GBP or equivalent
Ebooks	Yes
Signals / Research	Daily NAGA 5 Trading Signals
Free Stock trading	0% Real-Stock Trading (European Clients)

Silver Tier

Minimum Fiat Deposit: $5000.00
Spread: Standard Spreads (e.g. EURUSD 1.7)
Copy Bonus All Pairs/Crypto Pairs: Earn $0.18 per copied trade
Copy Bonus NGC Trading account: Earn $0.32 per copied trade
Copy Bonus FX PAIRS: Earn $0.70 per copied trade
Commission Reduction: Reduced Commission on Stock CFDs (0,20%)
Withdrawal Fees: 3 EUR/USD/GBP or equivalent
Free Stock trading: 0% Real-Stock Trading (European Clients)
Signals / Research: Daily NAGA 5 Trading Signals
Ebooks: YES

💠Feature	📈 NAGA Silver Tier
Minimum Deposit	$5000 / R 80 000 ZAR
Spreads	Standard Spreads (e.g. EURUSD 1.7)
Copy Bonus All Pairs/Crypto Pairs	Earn $0.18 per copied trade
Copy Bonus NGC Trading account	Earn $0.32 per copied trade
Copy Bonus FX PAIRS	Earn $0.70 per copied trade
Commission Reduction	Reduced Commission on Stock CFDs (0,20%)
Withdrawal Fees	3 EUR/USD/GBP or equivalent
Ebooks	Yes
Signals / Research	Daily NAGA 5 Trading Signals
Free Stock trading	0% Real-Stock Trading (European Clients)

Gold Tier

Minimum Fiat Deposit: $25 000.00
Spread: Standard Spreads (e.g. EURUSD 1.2)
Copy Bonus All Pairs/Crypto Pairs: Earn $0.22 per copied trade
Copy Bonus NGC Trading account: Earn $0.42 per copied trade
Copy Bonus FX PAIRS: Earn $0.80 per copied trade
Commission Reduction: Reduced Commission on Stock CFDs (0,10%)
Withdrawal Fees: 2 EUR/USD/GBP or equivalent
Free Stock trading: 0% Real-Stock Trading (European Clients)
Signals / Research: Daily NAGA 5 Trading Signals
Ebooks: YES

💠Feature	📈 NAGA Gold Tier
Minimum Deposit	$25 000 / R 400 000 ZAR
Spreads	Standard Spreads (e.g. EURUSD 1.2)
Copy Bonus All Pairs/Crypto Pairs	Earn $0.22 per copied trade
Copy Bonus NGC Trading account	Earn $0.42 per copied trade
Copy Bonus FX PAIRS	Earn $0.80 per copied trade
Commission Reduction	Reduced Commission on Stock CFDs (0,10%)
Withdrawal Fees	2 EUR/USD/GBP or equivalent
Ebooks	Yes
Signals / Research	Daily NAGA 5 Trading Signals
Free Stock trading	0% Real-Stock Trading (European Clients)

Platinum Tier

Minimum Fiat Deposit: $50 000
Spread: Standard Spreads (e.g. EURUSD 0.9)
Copy Bonus All Pairs/Crypto Pairs: Earn $0.27 per copied trade
Copy Bonus NGC Trading account: Earn $0.55 per copied trade
Copy Bonus FX PAIRS: Earn $1 per copied trade
Commission Reduction: Reduced Commission on Stock CFDs (0,10%)
Withdrawal Fees: 1 EUR/USD/GBP or equivalent
Free Stock trading: 0% Real-Stock Trading (European Clients)
Signals / Research: Daily NAGA 5 Trading Signals
Ebooks: YES

💠Feature	📈 NAGA Platinum Tier
Minimum Deposit	$50 000 / R 800 000 ZAR
Spreads	Standard Spreads (e.g. EURUSD 0.9)
Copy Bonus All Pairs/Crypto Pairs	Earn $0.27 per copied trade
Copy Bonus NGC Trading account	Earn $0.55 per copied trade
Copy Bonus FX PAIRS	Earn $1 per copied trade
Commission Reduction	Reduced Commission on Stock CFDs (0,10%)
Withdrawal Fees	1 EUR/USD/GBP or equivalent
Ebooks	Yes
Signals / Research	Daily NAGA 5 Trading Signals
Free Stock trading	0% Real-Stock Trading (European Clients)

Crystal Tier

Minimum Fiat Deposit: $100 000.00
Spread: Standard Spreads (e.g. EURUSD 0.7)
Copy Bonus All Pairs/Crypto Pairs: Earn $0.32 per copied trade
Copy Bonus NGC Trading account: Earn $0.65 per copied trade
Copy Bonus FX PAIRS: Earn $1.20 per copied trade
Commission Reduction: Reduced Commission on Stock CFDs (0,20%)
Withdrawal Fees: 5 EUR/USD/GBP or equivalent
Free Stock trading: 0% Real-Stock Trading (European Clients)
Signals / Research: Daily NAGA 5 Trading Signals
Ebooks: YES

💠Feature	📈 NAGA Crystal Tier
Minimum Deposit	$100 000 / R 160 0000 ZAR
Spreads	Standard Spreads (e.g. EURUSD 0.7)
Copy Bonus All Pairs/Crypto Pairs	Earn $0.32 per copied trade
Copy Bonus NGC Trading account	Earn $0.65 per copied trade
Copy Bonus FX PAIRS	Earn $1.20 per copied trade
Commission Reduction	Reduced Commission on Stock CFDs (0,20%)
Withdrawal Fees	5 EUR/USD/GBP or equivalent
Ebooks	Yes
Signals / Research	Daily NAGA 5 Trading Signals
Free Stock trading	0% Real-Stock Trading (European Clients)

NAGA Demo Account

A free demo account is offered by Naga which provides access to the broker’s trading platforms, including MetaTrader 4 and the proprietary Naga Web App. However, Naga’s copy trading features will not be available on the demo account, as these require access from a live account.

NAGA Islamic Account

To obtain a swap-free account, you will need to inform the Naga Support team via email from your registered email address and provide the broker with the relevant proof of faith such as a birth/marriage certificate or any other proof of identity document that includes your religion.

Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.

With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.

Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.

Overall Rating

Min Deposit

USD 250

Regulators

CySEC

Trading Platform

MT4, MT5, NAGA Web

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

NAGA Pros and Cons

✔️ Pros	❌ Cons
Investors Compensation Fund (ICF)	No US clients
Provide a personal trading assistant	Restricted leverage for non-professional clients
Various education instruments	Option of only one account for all
Strict regulations	A limited selection of deposit currencies
Well-regulated broker with high deposit security	Withdrawal fees charged
No deposit fees	Copy-trading features are not available on the demo account
Excellent customer support	Wide spreads
Easy demo sign-up process	Additional trading fees
Full demo access to MT4	Limited deposit currencies
Advanced copy trading software available
MT4 and MT5 available
Provide support in multiple languages

NAGA Conclusion

You might also like: NAGA Review

You might also like: NAGA Demo Account – Step by Step

You might also like: NAGA Fees and Spreads

You might also like: NAGA Islamic Account Overview

You might also like: NAGA Minimum Deposit

You might also like: NAGA Sign up Bonus

Frequently Asked Questions

Can traders from South Africa open a NAGA trading account?

Yes, South African traders are welcome to open a NAGA trading account

Does NAGA have ZAR accounts?

Unfortunately NAGA does not have ZAR accounts, which is a disadvantage for traders from South Africa with ZAR denominated bank accounts because they will likely have to pay currency conversion fees on deposits and withdrawals with this broker.

How many instruments can I trade with a NAGA account?

NAGA offers retail investors: Forex, Stocks, Indices, Cryptocurrency, ETFs, Commodities & CFD

Are there any apps available for a NAGA trading account?

Yes, traders can open a NAGA Super App for investing, crypto and payments.

Does NAGA offer leverage?

Yes, maximum leverage of up to 1000:1

5/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

April 20, 2022

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