Overall, NAGA is considered a reliable, low-risk broker with an abundant range of trading instruments and a competitive social trading environment. NAGA is regulated by the top-tier CySEC and has very low spread and competitive trading fees against major currency pairs.
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 |
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 Review – 19 key points quick overview:
- ✔️NAGA at a Glance
- ✔️NAGA Overview
- ✔️NAGA Safe or Scam?
- NAGA Leverage
- NAGA Account types
- NAGA Market Instruments
- NAGA Fees
- NAGA Deposit and withdrawal
- NAGA Trading platforms
- How to open a NAGA account
- NAGA vs eToro vs IC Markets – A Comparison
- NAGA Pros and Cons
- NAGA Customer support
- NAGA Education and webinars
- NAGA Research
- NAGA Awards
- NAGA Conclusion
- NAGA Disclaimer
- Frequently Asked Questions
NAGA Overview
NAGA provides access to world markets through decentralized technology along with the necessary support so that global investors may gain bigger exposure.
According to research in South Africa, NAGA was founded in 2015 by Yasin Qureshi and Bejamin Bilski as a Fintech company in Frankfurt backed by FOSUN that provides transparency over trading processes.
The company is established under Cyprus laws, and complied according to European legislation, allowing access to trade financial markets, cryptocurrencies, stocks and virtual goods supporting all major global markets.
The company aims at revolutionizing the world through decentralizing financial technology and providing access to the best market tools for everyone across the globe.
NAGA’s only vision is financial inclusion for everyone. It allows everyone to access, store, trade, and invest in financial markets, cryptocurrencies, and virtual goods. The company constantly sets out new goals and challenges to develop and expand its network of products.
Being a FinTech company it has great software that will suit the most demanding appetites accompanied by online support, news streaming, and comprehensive analysis features.
NAGA, Safe or Scam?
The NAGA Group is a fully regulated and transparent firm that is not only a publicly listed company but a broker authorized by a CySEC in Cyprus and a technology company operating in Germany.
NAGA is a trademark of The NAGA Group AG, a German-based FinTech company listed on the Frankfurt Stock Exchange (WKN: A161NR | ISIN: DE000A161NR7). This brings a certain level of stability together with a strong establishment and operational base.
NAGA is also backed with a Chinese fund FOSUN making it a reliable firm under any circumstances.
NAGA also complies its trading service with the necessary requirements set by MiFID. As such, traders’ funds are always segregated from the company and are covered by a compensation scheme in case of brokers’ insolvency.
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 Leverage
While trading with NAGA you may access flexible leverage that allows you to control and manage risks better and according to your trading style.
Since NAGA is a European broker, the company offering fully complies with ESMA restrictions, therefore, falls under recent updates to use lower leverage levels.
The maximum leverage available for retail traders is 1:30, while professionals may access higher ratios once the professional status is confirmed.
NAGA Account Types
NAGA has only one account. Traders get access to a digital asset exchange, your own cryptocurrency wallet, and NAGA’s native cryptocurrency (NGC). All you must do is simply sign up and equip yourself with a single, all-in-one NAGA account.
NAGA Market Instruments
- With NAGA traders can trade in Forex, Real Stocks, Indices, Stock CFDs, Cryptocurrencies, Commodities, Exchange Traded Funds, and Futures. Most of them with ultra-low fees.
- Forex has a fast order execution time and over 500 instruments on the platform. Real Stocks traders can invest with no commissions. It has fast order execution time, over 400 real stocks to invest in with zero commissions, and no hidden fees
- Indices is an instrument that represents the performance of a market or segment. It has fast order execution time with over 20+ instruments on the platform.
- You can trade in over 400+ stock CFDs and benefit from either a long or a short position. Fast order execution time with ultra-low fees.
- Buy, store, sell and trade major cryptocurrencies, all in one solution. NAGA provides a digital wallet to store cryptos on a proprietary crypto-exchange platform with 10+ of the most popular cryptos.
- Trade and benefit in commodities like coffee, wheat, natural gas, crude oil, and numerous other global commodities. Fast order execution time with investment opportunity for portfolio diversification.
- You can trade CFDs on the world’s top Exchange Traded Funds (ETF) on a trusted and reliable platform and discover other 500+ trading instruments on offer. Fast order execution time on over 500 instruments on the platform.
- Futures have fast order execution time with over 500 instruments on the platform.
NAGA Fees
Investing in real stocks has never been easier. Buy and sell the shares of the world’s biggest public companies on NAGA with no account fees, no commission, and no negative interest charges in any of the NAGA markets
NAGA offers low spreads for all traders despite trading account size, so any investor will get better trading conditions. The typical spread for EUR/USD is 1.2 pips, which is considered a good spread among industry offerings.
As for other instruments, there could be commission charges for some assets which you will find directly from the platform.
While using social trading all costs and spread of the profit between the master account and copy account will be calculated automatically.
Always consider Naga rollover or overnight fee as a cost, charged on the positions held longer than a day and determined by the direction you trade either selling or buying.
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NAGA Deposit and Withdrawal
Naga supports all major cards, cryptocurrencies, and alternative payment methods like e-wallets.
In February 2019 NAGA launched NAGA Card & IBAN which allows users to manage funds and pay for services or goods even easier, throughout all benefits of NAGA MasterCard.
There is no minimum amount required by NAGA for first-time deposits, but an amount of $200 is recommended which exposes traders to almost any market. Each payment method may require a specified minimum amount available for transfer.
Naga covers all deposit fees whatever method you will use for money transfer. As for withdrawals, NAGA does not waive fees. Check with your payment provider in case there are any changes that might be applicable due to international transfer laws.
NAGA Trading Platforms
NAGA offers either MetaTrader4, its newer version MetaTrader5, or use the proprietary software NAGA Web platform together with its applications.
While MT4 and MT5 do not require any introduction due to their world popularity and proven powerful capabilities it remains your decision to use either manual or automatic strategies.
NAGA trading platform brings you additional capabilities and a truly great balance between a friendly interface and its sophisticated solutions.
NAGA enables trading and investing in multiple markets all over the world from any device or platform you prefer. Choose the one you like or compare them below to find out the one that suits you best.
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
MT4 and MT5
Download MetaTrader4/5 for desktop or mobile devices, and trade with precision using your NAGA account on the industry’s leading trading platforms.
Trading with NAGA on MT4 lets you trade in a familiar platform, while still allowing NAGA users to copy your trading activity that is synced to your NAGA profile.
- Customizable interface
- 30 technical indicators
- 31 graphing objects
- 4 pending order types
- 3 order execution types
Trading with NAGA on MT5 lets you trade a wider array of instruments, including real shares. Physical shares allow our users to attain ownership of companies that entitles them to benefits such as dividends.
NAGA Web App
You can use all NAGA’s features, from auto copying to setting up price alerts directly in your browse. NAGA’s Web App encompasses nearly all features from all platforms supported by NAGA. Trade 500+ instruments on a user-friendly and advanced platform.
NAGA for iOS and Android
Download NAGA’s free app for your iPhone or iPad or your Android device from the App Store and trade on the go.
Trade anywhere, anytime with a full-featured NAGA mobile app for iOS. Buy and sell any instrument, Auto Copy top investors, chat on NAGA Messenger, all from a single app.
How to open a NAGA account
1. Step 1 – Register an account
To open an account is quick and easy. Make your way to the website and select Sign Up, choose the county you reside in and fill out a registration form and confirm your email address.
2. Step 2 – Complete your information
Complete your relevant information in the fields requested and click “Continue”
3. Step 3 – Complete your personal information
After verifying your contact number you will be taken to the next screen to complete your personal information and create a password for your account. Once completed select “Send”
4. Step 4 – “Know your client” verification
You need to supply some documents for identification purposes that will be requested and once this is sent through and verified you can fund your account and start trading.
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 vs eToro vs IC Markets – A Comparison
| 🔎 Broker | 🥇 NAGA | 🥈 eToro | 🥉 IC Markets |
| 📌Minimum Deposit | $250 /R 4000 ZAR | $10 / R160 ZAR | $200 / R3200 ZAR |
| 📌 Withdrawal Fees | Varies | Yes | No |
| 📌 Inactivity Fees | No | Yes | No |
| 📌 Deposit Fees | No | No | Varies |
| 📌 CFD Commission Fees | Yes | Yes | Yes |
| 📌 Instruments Available | 950 | 2000 | 232 |
| 📌 Platforms | MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
| 💻 Forex pairs offered | 45 | 50 | 65 |
| 🔋 Major Forex pairs | Yes | Yes | Yes |
| ✅ Minor Forex pairs | Yes | Yes | Yes |
| ☑️ Exotic Forex pairs | Yes | Yes | Yes |
| 🛑 Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes |
| 🚫 Commodities Offered | Yes | 31 | 19 |
| 💳 Stocks Offered | 450 | 2042 | 110 |
| 💵 Bank transfer | Yes | Yes | Yes |
| 💰 Credit Cards | No | Yes | Yes |
| 📉 Paypal | No | Yes | Yes |
| 📊 Skrill | No | Yes | Yes |
| 📌 Payoneer | No | Yes | No |
| 📎 Neteller | No | Yes | Yes |
| ✔️ Support | Live chat Phone support Email support | Live chat Phone support Email support | Live chat Phone support Email support |
| 📱 Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |
| 💰Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
NAGA Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “NAGA” is entered into Google’s search engine over a given period of time
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 |
Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇 Poland | 16.98% |
| 🥈 Germany | 15.04% |
| 🥉 Hungary | 8.24% |
| 🥉 Italy | 6.61% |
| 🥉 Netherlands | 5.28% |
| 🥉 Others | 47.85% |
NAGA Customer Reviews – TrustPilot
New to NAGA
Fast, quick and easy to click with your team assistance
Recommendation
I would like to make a recommendation on the brilliant efficacy of Erini in your customer support team who helped me to get my Naga coins transferred to my wallet address.
She was friendly and supportive and went out of her way to help me with this transaction.
Thank you for your brilliant support Erini
Have a good Xmas.
Kind regards
Christina
NAGA Customer Support
If you have a question or need support but did not find an answer in NAGA’s Help Centre, the company can be contacted directly. Consultants are available 24/5.
NAGA Education and Webinars
In the link that takes you to NAGA academy, traders have access to articles, videos, webinars, and tutorials to teach and advise you on everything you need to know about trading.
While one of the main parts of NAGA offering is a Social trading capability, you will find excellent capability for copy trading, which is based on proprietary algorithms defining top traders and leading trades along with numerous bonuses.
There is also a great offering performed via Naga Exchange that allows unlimited and commission-free crypto and fiat trading through its biggest social network.
Whether you are a professional or beginning trader, Naga welcomes both with unique opportunities either to copy trades or act as a master.
NAGA Research
NAGA provides daily webinars in multiple languages that cover a range of trading topics from technical and fundamental analysis, market outlook and much more.
NAGA also provides an economic calendar from MetaQuotes that displays the date and time of upcoming global economic releases and market events.
Traders can see the currency that will be impacted along with the previous, forecast, or actual results of the releases. This can help as part of fundamental analysis and keep traders up to date with the latest market movements.
NAGA also has a social trading platform where traders can find news feeds, publish, like, comment, or share posts, copy or provide signals, get exclusive insights into different markets, get the latest market news, and connect with traders worldwide.
NAGA Awards
There is no indication of any awards received by the company as of yet.
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 Conclusion
Overall, NAGA is considered a reliable, low-risk broker with an abundant range of trading instruments and a competitive social trading environment. NAGA is regulated by the top-tier CySEC and has very low spread and competitive trading fees against major currency pairs.
NAGA shows a company that stands on strong technology and development of trading innovation.
NAGA is an innovative online broker that offers a social investing network where traders can like, share and copy investments on over 500+ trading instruments like Forex, Commodities, Cryptocurrency, Stock, Shares, Indices, Metals, Energies, ETFs and CFDs.
The large NAGA community allows beginners to increase their trading knowledge whilst the more experienced traders can be rewarded for sharing theirs.
It is a place for traders to interact with like-minded peers, discuss the current market conditions, and share results via your own personal choice or group or public chats.
NAGA allows users to receive instant copy trading payouts to their accounts by offering their trading signals to be copied by other users. They have a great selection of copy trading features and social trading tools.
Together with its regulatory obligation NAGA seems a good choice of a brokerage firm and could be a pleasant partner in your trading journey too.
NAGA Disclaimer
NAGA warns traders to trade responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The past performance of a NAGA community member is not a reliable indicator of his future performance. Content on NAGA’s social trading platform is generated by the members of its community and does not contain advice or recommendations by or on behalf of NAGA.
Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders.
Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders or traders whose ultimate purpose or intention, or financial status may differ from yours.
Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
Restricted regions: NAGA Global Ltd does not provide services to residents of certain jurisdictions including the USA, Iran, North Korea, Cuba, Iraq, Syria and Canada. – According to research in South Africa.
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Frequently Asked Questions
Is NAGA a fake/scam forex broker?
NAGA is considered a reliable broker that is safe and secure.
Is NAGA available for trading in South Africa?
Yes, NAGA is available for trading in South Africa and traders in the country are allowed to trade with leverage up to 1:1000.
How secure is the NAGA trading platform?
SSL encryption in its PC and mobile platforms enables NAGA to safeguard the personal info of its clients. The broker urges its users to always look for the SSL security sign (a lock sign) that can be found on the browser while operating NAGA.
How many traders does NAGA have?
NAGA is used by more than 650 000 users and traders.
Can I test NAGA before I open a live trading account?
Yes, NAGA makes a demo account available that can be used for that purpose.
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