Score
Cyprus
|
5-10 years
| https://naga.com/
Website
Rating Index
MT4/5
Full License
NagaMarkets-Demo
Influence
A
Influence index NO.1
Germany 5.55
MT4/5 Identification
Full License
Influence
A
Influence index NO.1
Germany 5.55
LicensesLicensed Entity：Naga Markets Europe Ltd
License No. 204/13
Single Core
1G
40G
1M*ADSL
Cyprus
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Thailand
naga.com United States Thailand
VIP is not activated.
| NAGA Review Summary | |
| Founded | 1996 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | 4,000+, forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, real stocks |
| Demo Account | ❌ |
| Account Type | Iron, Bronze, Silver, Gold, Diamond, Crystal |
| Leverage | / |
| Spread | 1.1 pips (IRON account) |
| Trading Platform | NAGA Web Trader, NAGA iOS, NAGA Android, MetaTrader, Telegram Mini App |
| Copy Trading | ✅ |
| Minimum Deposit | $10 |
| Customer Support | Phone: +2484671946 |
| Email: support.sc@naga.com | |
| Regional Restrictions | Offers services to residents within the European Economic Area, excluding Belgium |
Νaga Markets Europe Ltd (short for “NAGA”), founded in 1996, is an old brokerage registered in Cyprus. The trading instruments it provides cover forex, cryptoX, shares, indices, ETFS, cryptocurrencies, commodities, futures, and real stocks. Besides, it provides 6 types of accounts and is regulated by CYSEC.
| Pros | Cons |
| Regulated by CYSEC | No live chat support |
| Multiple trading instruments | No Islamic trading account |
| Low minimum deposit of $10 | Demo accounts unavailable |
| Six types of trading accounts | Regional restrictions |
| No deposit/withdrawal fees | |
| Competitive spreads and low trading fees | |
| Metatrader platforms provided | |
| Copy trading available | |
| Various payment options |
NAGA is regulatedby the Cyprus Securities and Exchange Commission (CYSEC). Its license number is 204/13 and the current status is regulated.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Νaga Markets Europe Ltd | Market Maker (MM) | 204/13 |
NAGA offers traders the opportunity to trade over 4，000 tradable assets, including forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, and real stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| ETFs | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Bonds | ❌ |
| Options | ❌ |
NAGA offers 5 different types of accounts to traders, which are Iron, Bronze, Silver, Gold, Diamond, Crystal.
| Account Type | IRON | BRONZE | SILVER | GOLD | DIAMOND | CRYSTAL |
| Minimum Deposit | $10 | $1,000 | $3,000 | $17,500 | $40,000 | $90,000 |
| EUR/USD Spread | 1.1 pips | 1 pip | 0.6 pips | 0.5 pips | ||
NAGA's trading platforms are NAGA Web Trader, NAGA iOS, NAGA Android, and MetaTrader, which can be accessed via PC, Mac, iPhone and Android devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| NAGA platform | ✔ | Web, iOS, Android | / |
| MetaTrader 4 | ✔ | PC, Web, Mobile | Beginners |
| MetaTrader 5 | ✔ | PC, Web, Mobile | Experienced traders |
NAGA's copy trading offers an opportunity to automatically follow good traders and monitor the markets. It created NAGA Autocopy — a tool that lets their clients manage their portfolio without the need to constantly monitor the markets. It charges fees for copy trading.
| Account Type | IRON | BRONZE | SILVER | GOLD | DIAMOND | CRYSTAL |
| Copy Premium All instruments | Earn up to $0.12 per copied trade | Earn up to $0.15 per copied trade | Earn up to $0.18 per copied trade | Earn up to $0.22 per copied trade | Earn up to $0.27 per copied trade | Earn up to $0.32 per copied trade |
| Copy Premium FX PAIRS | Earn up to $0.50 per copied trade | Earn up to $0.60 per copied trade | Earn up to $0.70 per copied trade | Earn up to $0.80 per copied trade | Earn up to $0.90 per copied trade | Earn up to $1.00 per copied trade |
| Copy Premium Popular Assets | Earn up to $0.50 per copied trade | Earn up to $0.60 per copied trade | Earn up to $0.70 per copied trade | Earn up to $0.80 per copied trade | Earn up to $0.90 per copied trade | Earn up to $1.00 per copied trade |
Deposit
| Deposit Method | Minimum Deposit | Maximum Deposit | Deposit Fees | Processing Time |
| Visa | $10 | 35k per transaction | 0 | Instant |
| Mastercard | ||||
| Maestro | ||||
| Diners | ||||
| Discover | ||||
| Equals Money | Depends on the country of residency | 2-5 business days |
| Withdrawal Method | Minimum Withdrawal | Withdrawal Fee |
| VISA | Min. $10 or equivalent to account currency | 0 |
| MasterCard | ||
| Alternative Payment | ||
| BIDV | ||
| ACB | ||
| EMIXM BANK | ||
| DONGA BANK | ||
| SACOM BANK | ||
| TECHCOM BANK | ||
| VIETCOM BANK | ||
| VIETIN BANK | ||
| BANGKOK BANK | ||
| KASIKORN BANK | ||
| KRUNGTHAI BANK | ||
| KRUNGSRI | ||
| GOVERNMENT SAVINGS BANK | ||
| TMB | ||
| SCB | ||
| MAY BANK | ||
| CIMB BANK | ||
| HONG LEONG BANK | ||
| PUBLIC BANK | ||
| RHB | ||
| AM BANK GROUP | ||
| BCA | ||
| MANDIRI | ||
| BNI | ||
| BANK BRI | ||
| CIMB NIAGA |
The firm plans to separately report its financials of three divisions from next quarter.
Hamburg-headquartered NAGA Group AG (XETRA: N4G) is taking another major leap into the crypto industry and is set to launch its cryptocurrency exchange on March 7, 2022.
It will launch an NFT platform. Brokerage revenue for last month came in at €8 million.
The company will use the funds in financing global growth and enhanced marketing measures.
The minimum deposit required to start trading with NAGA is just $10, which I find very accessible for new traders like me. This makes NAGA markets trading easy to get into without a large initial investment.
NAGA is a legit broker in the sense that it is regulated by CySEC. However, it is not regulated by top-tier global authorities like the FCA or ASIC, which could be a concern for some traders. Based on NAGA markets review, I feel comfortable trading with them, but I would still prefer broader international regulatory coverage.
NAGA offers competitive pricing, especially with zero brokerage on equity delivery. For NAGA markets trading, the spreads start at 1.1 pips on the IRON account, which is reasonable. However, for copy trading, NAGA charges a fee based on the copied trades, which is something I need to factor in when using this feature.
The main downside, for me, is the lack of regulation by major global authorities. This makes me cautious about using NAGA markets trading for large investments. Additionally, there are no demo accounts available, which I would have liked to use before diving into live trading.
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Ahmed Amer Almustafa
Kuwait
I’m writing this review to warn others about what I experienced with NAGA, a company that claims to be a regulated trading platform but has shown nothing but dishonesty and unethical behavior. I had a verified trading account with NAGA, and after successful trading activity, I accumulated profits of over $80,000. When I submitted a withdrawal request, my account was suddenly restricted without any explanation. I reached out directly to NAGA’s CEO, Octavian Patrascu, and explained my situation in detail. Instead of helping me or escalating the issue, he blocked me – a shocking and unprofessional response from someone leading a supposedly regulated company. Customer support was no better. They kept spinning vague excuses and trying to justify withholding my profits, even though I never saw, accepted, or signed any bonus terms and conditions. These so-called rules were never displayed at registration or anywhere in my account.
Exposure
Abood Tawfiq
Kuwait
they removed my balance for 59,800 USD without any official reason, just because they said your bouns which it's for 1800 usd has been expired!! BTW there is no terms and conditions once I registered and I didn't request a bouns from them
Exposure
FX2204338593
Thailand
On 27 Jun 2022 I traded the ethusd pair, but at 16.40 System was opened repeatly 5 orders buy NAS100 without my order and auto trade . Made me lose almost remaining money.
Exposure
BenediktMeier
Germany
I can say that NAGA offers a solid trading experience, It is truly a NEXT LEVEL trading platform! But I do experience delays that should be improved for smoother trades.
Positive
markus fischer
Austria
Silver account is for just $3k instead of $5k - bargain!
Positive
antonio esposito
Italy
The reason why I joined the naga broker is because they offer real stocks for investing in different top-companies all over the world. They provide access to more than 10 international exchanges and the diversity of stocks is really huge. I already was making good profits a few times here and withdrawing money, it was a great experience to be honest. I have not had any serious problems, so that’s why I trust them 100%.
Positive
TjahjadiWeimin
Indonesia
I decided to go larger this time and deposited $5k. But, this was worth venture to invest money to, as I`ve already gotten the impact of favourable conditions accounts. For this account, Naga has not only the tighter spreads, but also chance to earn more from copy trading. I don`t have too much followers at the moment, but hopefully someday I`ll be in the leaderboard.
Positive
Fabio de luca
Italy
Even with the recent discount, a Bronze account is still unailavailable to me. No problem. I am an IRON iser. It still gives yu fair conditions with spread and copy trading fee. I appreciate the speed of everything here, including even withdrawal.
Positive
Sebastián Vega
Chile
Despite trading with NAGA copy trading, I found it necessary to educate myself. The articles could be longer, but understanding basic indicators is enough.
Positive
Rafael D.
Spain
That said, I am always thinking if I can afford indices trading. Platform is good. It’s all about your investments and opportunities, Sometimes, you need a high deposit to start with certain tools with any broker though. Just because indices are indices and stock are stock
Positive
JoseLlopis
Spain
I like this copy trading, just relax and other guy will do all work for you, lol😂
Positive
GustavoHerrera
Mexico
When the broker is thoughtful and explanatory in the way it streams analysis and data, it means you are in a good place. You are informed and you do not make extra effort to find critical market data somewhere else. Everything is available here, in one spot. This way, if I want to check corporate earnings and their calendar, I don’t have to go far. That said, I wish more options could be accessible from the iron account.
Positive
Paolo Fontana
Italy
NAGA offers account types that I find reasonable, as a person with good experience in trading. I must admit that the options are quite flexible but, satisfy the needs of experienced traders who require some more parameters. Account options top notch.
Positive
ManuelSalgado
Mexico
As soon as I joined the Naga broker, I wanted to get the next level of status instead of an iron one. I made a deposit of 4300$ and the transaction was lighting so fast that I couldn't even blink an eye. However, I was confused when my status didn’t change at this moment and was kind of astonished. Well, then it turned out that it took a few days for changing the status, in my case, it took not less than 2 days and I got all my bonuses and became a full part of Naga.
Positive
IvánAlcázar
Spain
I've been using the platform for a while now, and my experience trading shares here has been mostly positive. If you mainly trade shares, I recommend this broker for its extensive market range. Probably they have the widest range for ,shares. Also, I like its custom trading app, even though I was a bit hesitant in the beginning and started with MT4. Naga’s app is more advanced, easy to use and packed with tools and features. One downside is the withdrawal process, which includes a small fee for each withdrawal,.
Positive
PabloCoronel
Mexico
The costs at NAGA are great, and I was able to navigate through trading with their wide portfolio of assets. Overall, easy peasy.
Positive
AaronMínguez
Spain
I really appreciate it when I don't have to search for something while using a web service. The Naga platform is neat and easy to use, where even beginners can understand which button they need to click. I especially liked the live charts of my favorite chart viewer and the ability to open orders and stops without leaving the charts👍.
Positive
CarlosMéndez
Mexico
After looking around, looks like this is the safest online broker after all, at least for CFDs. 20k euro prottection just innately, plus the exchange thing yes, plus the amount of effort they put in online presence too. I saw their facebook, compared to other brokers its day and night. I don't expect huge wins right away, but I need to be safe first and forremost.
Positive
Lorenzo Rossi
Italy
NAGA’s platform is filled with many features and being a professional trader, I like the autocopy tool. However, there are several that could afford better usability. The variety of assets is something I really like, although, sometimes, certain features like the analytic tools are complicated. Overall it is still a very good platform but there needs to be a much smoother form of updates made to enhance the trading environment.
Positive
DiegoMeza
Peru
With trump stock xD I realize it's going crazy hard today. DJT for me is by far the most interesting action to watch last month in Naga, to be honest. Crazy moves.
Positive
RaghidFaysal
United Arab Emirates
I fancy the concept around which Naga is built. It is a modern platform that absolutely keeps a trader inside to the degree that you won’t want to leave it. Instantaneous deposit and impressive quickest withdrawal time (in a matter of minutes if not under it), trading signals, connection to the market via news and education, an abundance of tradable instruments, sense of community and healthy competition. I cannot list all of it, just something that comes on my mind at the earliest when I think of NAGA. oh and don’t disregard the idea of verification grades. You can upgrade your verification status and access more perks with each level. For example, on the third level, you have no limits when it comes to withdrawals. Recommended.
Positive