The app offers a user-friendly interface and is suitable for all levels of traders. In addition, the app offers advanced charting capabilities and a wide range of indicators. Moreover, through the app, you can perform all your account management activities, such as deposits and withdrawals. 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.

NAGA also has its proprietary web trader that is available for desktop and mobile devices. The web trader offers a user-friendly interface and is suitable for all levels of traders. In addition, the web trader offers advanced charting capabilities and a wide range of indicators. NAGA also offers the MT5 trading platform, an upgrade from the MT4 platform. The MT5 platform offers improved charting capabilities and a wider range of indicators. In addition, the MT5 platform also offers more order types and execution modes.

• When we talk about NAGA.com broker, we should not neglect the license, which is pivotal for every financial services provider.
• Moreover, MT5 is best-suited for trading multiple asset classes.
• The NAGA web trader is also available in multiple languages, making it easier for traders to trade in their language.
• The platform also allows the users to buy, sell and manage Bitcoin and other popular cryptocurrencies with real-time exchange and extra security measures.
• After making the deposit, the broker does not guarantee additional funds for trading.

We can note crypto trading, commodities, Forex, indices, stocks, and ETFs. Clients are promised instant order execution because the broker knows that every millisecond counts. NAGA.com Forex broker also offers customers additional educational material.

The Bronze account also provides a PI Dashboard which helps analyze your trading performance. However, the withdrawals come with fees that start at 5 USD/GBP/EUR or equivalent but can be reduced according to the account types. With the Crystal, account-type https://traderoom.info/ traders can enjoy unlimited withdrawals with no additional charge whatsoever. Apart from these fees, the traders at NAGA need to pay copy commissions as well. The amount can go up to 10 EUR or equivalent with a fixed copy fee of 0.99 euros.

Check out NAGA Lead Traders

There are several fees that NAGA brokers administer including commission fees, copy fees, withdrawal fees, and currency exchange fees. The best thing is that most of the financial instruments traded at NAGA platforms are not subject to commission fees. Stock CFDs are traded with 0.20% commission fees, whereas ETFs are subject to 0.10% commission rates. As you may already know the minimum deposit requirement is set to 250 US dollars. On the other hand, the broker does not charge on deposits hence all the money invested with NAGA will be expressed on the trading balance of the trader without any commission charges.

Forex brokers can take advantage of this because they can save on their trading costs. The advantage of floating spread for forex trading is that it allows the trader to take advantage of market conditions and trade with a smaller deposit. The fee structure of NAGA is transparent, and the spreads start from 1.3 pips. The fee is charged based on the NAGA account you’re using and the trade size of your profile.

All about the choice

Naga broker somehow managed to grow from an ordinary brokerage company to the one that is listed on the FSE. Decent customer support is a must for Forex brokers and that goes without a question. In addition to English, customers can get technical support in other languages. The customer of the company can contact the support service in the online chat, by phone, or by mail. The broker’s website states that technical support works around the clock, five days a week.

NAGA processes withdrawals within 24 hours, but it can take up to five business days for funds to arrive, payment processor dependent. The 25M+ eToro trading community benefits from CopyTrader, CopyPortfolios, and in-house managed thematic investment portfolios. Beginners get a quality educational portal with eToro Academy, eToro plus, and The Bull Club. EToro also expanded further in cryptocurrencies with a newly launched NFT fund. NAGA.com regularly updates the list of promotions on the website.

Actually, Naga Markets is a publicly listed FinTech company in Frankfurt backed by Multibillion fund FOSUN, which provides transparency over trading processes. Based on our Expert findings, Naga is considered a reputable broker with safe and quality trading conditions. The broker offers reliable services and very favorable trading conditions, also with the lowest spreads, suitable for both beginners and experienced traders. The NAGA broker (NAGA Group) has been providing services in the Forex currency market since 2015. NAGA is a member of a German financial holding company NAGA Group AG, that is in demand on the Frankfurt Stock Exchange.

What Devices Can I Use Naga On?

Provide and verify your mobile number with the SMS code they send you. Create an account with your legal first and last name, a username, password, and your email address. At this point you have a demo (test) account, which you can use to trade virtual money, but not with the copy trader function. They use multifactor authentication, firewalls, backed up cloud storage of your account information, and advanced encryption to protect your data and funds. They also have a dedicated IT security team which actively works to detect and patch any security weaknesses.

I was sort of shocked when I found out that they have more than a million users. And thousands are already using their copytrading service too. These guys have the quality to make something trendy, definitely. Nicoletta not only added another account, but also was so attentative as to inform what currency was preferred. Indeed, it was the dollar, while the main account was in euros.

However, it is restricted to traders in the United States, the United Kingdom, and Canada. To make sure you are protected, you need to know if you have signed up with the broker’s entity that is covered by the FCA. Different countries or regions set different rules for financial service providers, so brokers sometimes have different entities in different countries or regions. Once you create and upgrade your account you can buy, sell, send, and receive crypto in the platform under the crypto-wallet tab. Only 9 major coins are supported, and you cannot trade crypto for other crypto at this time.

Contact NAGA directly

For example, stock trading is absent from additional charges, which is a massive advantage for the broker. Both the deposit and withdrawal at NAGA are protected with SSL encryption, ensuring your funds’ safety and security. Overall, NAGA is a well-regulated and secure broker with various deposit and withdrawal methods. The overnight fee is deducted from the trader’s account balance when a position is kept open after market hours.

The company offers its customers a wide array of trading instruments as well as ideal conditions for trading. It should be pointed out that the broker is a completely legitimate entity and provides services to customers around the globe (except the USA). In addition to currency pairs and Forex, you can also trade cryptocurrencies, commodities, and other instruments. We found out that the company is established under Cyprus laws and also complied according European legislation allowing access to trade financial markets. Naga offers CFD trading services in Forex, cryptocurrencies, stocks, indices, ETFs, commodities, and futures supporting all major global markets. In addition, NAGA also provides a free demo account to test the platform before committing to a live account.

The website is protected from illegal interference and hacker attacks. First of all, if there are complications and legal issues there is always someone to whom the customer can appeal. In this case, CySEC is the entity that can help customers resolve their issues connected to the account or any other case. Clients can contact their account manager via email, phone, or live chat to communicate with inquiries. NAGA offers multiple deposit methods such as credit/debit cards, bank wire transfers, and e-wallets.

In 2017 they released their own cryptocurrency Nagacoin (NGC) in an ICO, unfortunately just before the 2018 crypto market crash. At that time the platform was a Switex and Naga AG joint venture called Naga Virtual, which posted its last tweet in 2018 before being abandoned. Contis by Solaris and NAGA Pay are launching a VISA-approved card program that enables users to spend both fiat and cryptocurrency. Copy trading represents 55% of overall trades whilst 2023 customer deposits care up by 50% as compared to 2022. NAGA emerged as one of the most competitive platforms, catering to algorithmic and social traders alike, especially equity CFD traders.

The Diamond account is the highest account type offered by NAGA, with a minimum deposit of $50000. The account offers spreads as low as 0.7 pips, and no commission is charged on trades. In addition, the account offers a copy bonus of up to $0.27 per copied trade. The Silver account holders need to deposit at least 5,000 USD.

Also, it is a publicly listed company in Cyprus and has an operating technology company in Germany. When we talk about NAGA.com broker, we should not neglect the license, which is pivotal for every financial services provider. The license ensures the legitimacy and reliability of the broker.

Our expert team here at BrokerChooser specializes in helping you find a broker that best suits your needs. We have reviewed over a 100 brokers based on BrokerChooser’s unique methodology. The UK’s Financial Conduct Authority (FCA) is widely considered as being one naga broker of the top-tier regulators in the brokerage world. Brokers and other financial service providers overseen by the FCA are held to a high standard of conduct and must comply with strict regulations. This could provide extra layers of safety and protection for you.

Moreover, the withdrawal fee of the NAGA Silver account is $3, which is lower than the withdrawal fee of other brokers. Moreover, you also get trade alerts and access to webinars with this account type. The minimum trading capital requirement for a Bronze account is $2,500. Firstly, the crypto copy bonuses increase up to 0.15 USD per copied trade and FX copy bonuses up to 0.60 USD per copied trade. The withdrawal fees are reduced to 4 EUR/USD/GBP or equivalent and PI Dashboard is available for all Bronze account holders. One of the best things about trading with NAGA is that the broker also supports a copy trading platform with thousands of expert traders available as strategy providers.