NAGA does not offer a Sign-Up Bonus also known as a welcome bonus to new clients who choose to register for a real account but does offer a demo account and commission on referrals.
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 Sign-Up Bonus – 7 key points quick overview:
- NAGA at a Glance
- NAGA Overview
- NAGA Referral Bonus
- NAGA Additional broker bonuses, promotions, and rewards
- NAGA Pros and Cons
- NAGA Conclusion
- Frequently Asked Questions
NAGA Overview
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Traders who choose to register for a real account with Naga will not receive a welcome bonus due to the fact that the broker is highly regulated by both the Financial Conduct Authority (FCA) and the Cypress Securities and Exchange Commission (CySEC).
Both of these regulating entities have placed strict restrictions on the offering of broker bonuses as part of extended client protection measures.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.
NAGA Referral Bonus
- Clients of Naga can earn attractive commissions as part of the broker’s Partner program. Participants will earn a referral bonus on each new client they introduce to Naga in the form of spread revenue and weekly payouts.
- Referral bonuses allow existing traders of a given broker to earn greater rewards through referring a friend to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.
NAGA Additional broker bonuses, promotions, and rewards
Naga does not offer any additional broker bonuses, such as deposit bonuses, no deposit bonuses, or trading bonuses, due to regulatory restrictions from the FCA and CySEC.
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 |
| Well-regulated broker | No bonuses offered |
| Publicly-traded brand with a worldwide presence |
NAGA Conclusion
Clients of Naga will enjoy a highly secure trading environment due to the broker’s regulation by both the FCA and CySEC. However, this same regulation prevents the broker from offering bonuses to both new and existing loyal customers.
You might also like: NAGA Review
You might also like: NAGA Account Types Overview
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
Frequently Asked Questions
Does NAGA have a Partner/ Affiliate program?
Yes, NAGA has an Affiliate program that is dedicated to partners who have an online presence and who can attract clients via their website, social media, online marketing or digital media.
Can you withdraw a NAGA trading bonus?
The NAGA trading bonus amount cannot be withdrawn; however, any trading credits earned can be used in trading activities with NAGA. Traders are allowed to withdraw the profits made off trading credits These profits that are made off the trading credits or bonus.
Will I receive a bonus if I refer a friend or family to NAGA?
Yes, if you refer a friend of family member who signs up for a trading account with NAGA you will receive a cash bonus of 25$ / R375 at the current exchange rate between the US dollar and South African Rand into your trading account. This bonus is available to be withdrawn immediately if you so choose.
Does NAGA have a loyalty program for traders?
From time to time NAGA does have a offering for traders according to loyalty level. Traders should check with their website for any such offerings/bonuses.
Does NAGA offer any additional bonuses?
Naga forex broker does not offer any additional broker bonuses, such as deposit bonuses, trading bonuses or no deposit bonuses, or trading bonuses.
Top 4 Brokers
