The minimum deposit is $0 to register a live trading account. No minimum deposit amount is required. The NAGA Achievements work in tiers, the more funds that are deposited, the more you will climb up the tiers. Recommended starting deposit is $250 for the Iron tier.
| 🔎 Accounts | 📈 Standard Account |
| 💳 Minimum Deposit (ZAR/R) | R 0 |
| 💵 Minimum Deposit (USD/$) | $0 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit USD 250 Regulators CySEC Trading Platform MT4, MT5, NAGA Web Crypto Yes Total Pairs 45 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
NAGA Minimum Deposit – 6 key points quick overview:
- ✔️NAGA Overview
- ✔️NAGA Deposit fees and deposit methods
- ✔️NAGA at a Glance
- Step by step guide to depositing the minimum amount to NAGA account
- NAGA Pros and Cons
- NAGA Conclusion
- Frequently Asked Questions
NAGA Overview
The minimum deposit amount required in order to open a broker account with Naga is $250. While still an acceptable minimum deposit requirement, many other brokers have deposits requirements ranging from as little as $10 to $100.
That said, the minimum deposit requirement from Naga is still affordable and should not present too high a barrier of entry to most new traders.
NAGA Deposit fees and deposit methods
Naga has a wide variety of popular deposit methods, which include the following:
- Credit and debit cards
- Bank wire transfer
- Sofort
- Neteller
- Skrill
- Giropay
- EPS
- iDeal
- p24
- Bitcoin
- Ethereum
- Bitcoin Cash
- Naga Coin
- LiteCoin
- Dash
| 💳 Deposit Method | ||
| 💰 Visa card | 💰 Bank wire transfer | 💰 Bitcoin |
| 💰 Neteller | 💰Sofort | 💰 Ethereum |
| 💰 LiteCoin | 💰 | 💰 Bitcoin Cash |
| 💰 Skrill | 💰 iDeal | 💰 Naga Coin |
| 💰 Dash | 💰 p24 | 💰 LiteCoin |
In terms of deposit currencies, Naga only accepts major currencies consisting of USD, EUR, and GBP. Traders depositing in smaller currencies, such as ZAR/Rand, will likely incur conversion fees on their deposits.
In terms of deposit security, Naga is highly regulated by two reputable regulatory agencies, namely the Financial Conduct Authority (FCA), and the Cypress Securities and Exchange Commission (CySEC).
Naga’s infrastructure is stationed privately across multiple cloud systems with multi-level backups done on a regular basis.
Added to this, the broker makes use of extensive firewalls and load balancers to establish network security and the best accessibility while also relying on exclusive security support.
Naga constantly monitors new threats and applies security patches immediately with the new releases.
In terms of fees, Naga does not charge deposit fees, but withdrawal fees are charged. These start at EUR 5, but become lower with each account upgrade.
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 |
Step by step guide to depositing the minimum amount to NAGA account
1. Step 1 – Web selection
After registering your account. You will first have to make sure that you have upgraded your account to Live and also verified your identity. This will allow you to remove any funding limits.
Scroll to “payments” on our website and select “Try it now” and log into your account.
2. Step 2 – Sign into the account
Sign in to your account to make a deposit. Afterward, visit the Money Management section of your account
3. Step 3 – Select deposit method
Once you are there, you will be able to see all of the available depositing methods from which you can choose to fund your account.
The funding methods that you see are based on your country of residence. Pick one of the methods and proceed with your deposit.
Min Deposit USD 250 Regulators CySEC Trading Platform MT4, MT5, NAGA Web Crypto Yes Total Pairs 45 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
The minimum deposit is $0 to register a live trading account. No minimum deposit amount is required. The NAGA Achievements work in tiers, the more funds that are deposited, the more you will climb up the tiers. Recommended starting deposit is $250 for the Iron tier.
You might also like: NAGA Review
You might also like: NAGA Account Types Overview
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You might also like: NAGA Islamic Account Overview
You might also like: NAGA Fees and Spreads
You might also like: NAGA Sign up Bonus
Frequently Asked Questions
Are my deposits safe with Naga?
Yes, Naga is highly regulated by FCA and CySEC. Naga’s infrastructure is stationed privately across multiple cloud systems with multi-level backups done on a regular basis.
What is the minimum deposit for Naga?
The minimum deposit amount required in order to open a broker account with Naga is $250. While still an acceptable minimum deposit requirement, many other brokers have deposits requirements ranging from as little as $10 to $100.
Does Naga charge withdrawal fees?
Yes. These start at EUR 5 / ZAR 86,57 at the time of writing. Fees become lower with each account upgrade.
How do I make a deposit and withdrawal with Naga?
Deposit methods incl:
- Credit and debit cards
- Bank wire transfer
- Sofort
- Neteller
- Skrill
- Giropay
- EPS
- iDeal
- p24
- Bitcoin
- Ethereum
- Bitcoin Cash
- Naga Coin
- LiteCoin
- Dash
How long does it take to make a withdrawal?
Bank wire transfers can take two to three business days. E-payment methods and credit/debit cards are processed on the same day
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