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NAGA Broker Review
Naga was founded in 2015 as a fintech company, providing access to global markets through decentralized technology and the necessary environment for global investors to get more opportunities.
NAGA has already welcomed more than 1,000,000 investors and allows 750+ assets and instruments to be traded worldwide, including real stocks, ETFs, cryptocurrencies, futures, Forex, CFDs on indices and stocks.
In terms of security, the NAGA platform is mainly managed by NAGA Markets Europe Ltd, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).
- Account currencies: USD, EUR, GBP, PLN, UST
- Minimum Deposit: $250
- Leverage: Up to 1:30
- Legal: Licensed by Cyprus Securities and Exchange Commission (NAGA Markets Europe Ltd only)
- Trading Instruments: Stocks, ETFs, CFDs, cryptocurrencies, Forex, commodities and futures.
Account Types
The broker offers us a variety of accounts to choose from, with different commissions and sets of benefits. Such diversity helps us choose the right configuration for traders of different levels.
IRON Account
Better trading conditions, lower commissions, higher copying bonus of $0.12, lower stock CFD commission of 0.20%, lower withdrawal commission of 5 EUR/USD/GBP or equivalent, access to free educational e-books to learn more about trading.
BRONZE Account
Access to the Copy Analytics Dashboard, better trading conditions and lower commissions, IRON level benefits, higher copy bonus of $0.15, reduced withdrawal fees of 4 EUR/USD/GBP or equivalent, access to free educational eBooks to learn more about trading
SILVER Account
Personalized learning, better trading conditions and lower commissions, BRONZE level benefits, increased copy bonus of $0.18, reduced withdrawal fee of 3 EUR/USD/GBP, 2 private study sessions
GOLD Account
Reduced spreads, better trading conditions and lower commissions, access to bonus contests, reduced spreads, increased copy bonus of $0.22, reduced withdrawal fees of 2 EUR/USD/GBP or equivalent, reduced commissions for CFD shares of 0.10%, bonus contests, 4 private lessons with an instructor.
DIAMOND Account
Platinum spreads, the best conditions and commissions, NAGA Increased profile recognition, reduced spreads, increased copy bonus of $0.27, reduced withdrawal fees of 1 EUR/USD/GBP or equivalent, reduced CFD commission of 0.10%, bonus contests, 8 personalized one-on-one lessons with an instructor
CRYSTAL Account
No withdrawal fees, VIP Spreads, the best trading conditions and commissions, 20 daily trading signals and so on from IRON to DIAMOND, the lowest VIP spreads, increased copy bonus $0.32, no withdrawal fees, discounted CFD stock commissions 0.10%, bonus contests, unlimited individual lessons with the trainer.
Trading Tools and Platforms
Naga offers several ways of financial investment through manual or automated investing, social trading opportunities, trading with more than 800 instruments. Overall, the broker offers us a vast market of trading instruments such as CFDs on stocks, indices, CFDs on cryptocurrencies, Forex, futures, commodities and ETFs.
When it comes to the trading platform, you can choose either MetaTrader4 or its newer version MetaTrader5, or you can use NAGA’s own Web platform along with its applications.
Web trading platform
If you prefer to trade online without installation, the popular MT4 and MT5 choices support a variety of devices with web, desktop or mobile applications – your choice.
MT4 and MT5 require no introduction, thanks to their worldwide popularity and proven powerful features that remain at your disposal for both manual and automated strategies.
Naga Web Trading
NAGA, is one of the few online platforms that allows you to seek out and copy other investors’ approaches/strategies. This feature was previously known as Social Trading. It is a feed where you will be aware of what other traders are doing and general market news, while participating in the community and being able to communicate in the NAGA messenger directly. It’s a great way to take advantage of other traders’ knowledge and automatically copy their trades, but you have to pay for it.
Deposit and Withdrawal
As for payment methods, Naga offers a variety of payment methods:
- Credit/debit cards
- Bank transfers
- Skrill
- Neteller
- PayPal
- Giropay
Withdrawal options at Naga are the same as deposits, including Naga’s own card and bank transfers. Naga covers all deposit fees, regardless of which method you use to transfer money. For withdrawals, Naga generally does not waive fees, but you should check with your payment provider if there are any fees that may be applicable due to international transfer laws.
Naga’s minimum deposit amount is $250, but each payment method may require a certain minimum amount available for transfer.
Is NAGA a good broker?
On the whole, we can recommend NAGA as a reliable broker. Most of all, this company will interest traders focused on social trading.
There are ample investment opportunities here for both beginners with social trading and professionals who are looking for progressive trading options accompanied by good trading conditions and costs. Together with its regulatory commitments, Naga seems to us a good choice of brokerage firm and can be a reliable partner in your trading journey as well.
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