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- Reviews (54)
NAGA broker was founded in Frankfurt (Germany) back in 2015 as a FINTECH company that provides access to global markets using decentralized technologies.
NAGA offers classic trading and social trading with more than 750 instruments, including Forex and CFDs, currency pairs and cryptocurrencies, indices and commodities, ETFs and futures, as well as real stocks without Commission using a single multi-currency account.
Regulation Of Naga
NAGA is a trademark of NAGA Group AG, a German FINTECH company listed on the Frankfurt stock exchange. NAGA is also supported by the Chinese FOSUN Foundation, which makes IT a reliable firm in all circumstances.
NAGA is an authorized broker with CySEC in Cyprus, which enables IT to serve clients from the EU in accordance with European MiFID and ESMA requirements. In addition, NAGA has a branch in Saint Vincent and the Grenadines, through which it can provide online trading services to international clients.
Leverage
Since NAGA is a European broker, according to ESMA restrictions, the maximum leverage for European traders is 1:30, while professionals can access higher coefficients after confirming their professional status. Leverage up to 1:1000 is available for international traders.
NAGA trading accounts
NAGA broker offers a single multi – currency account for all markets with 5 basic Fiat currencies to choose from-USD, EUR, GBP, PLN, CHF and a cryptocurrency account.
Trading platform
You can use the popular MetaTrader 4 trading platform and its newer version MetaTrader 5, as well as the company's own development – the NAGA web platform with mobile applications.
One of the main advantages of the NAGA offer is the possibility of social trading, i.e. automatic copying of the best traders ' trades.
Trading instrument
NAGA broker offers a wide range of Forex and CFD trading instruments, including currency pairs, cryptocurrencies, ETFs, indices, commodities and real stocks (not CFDs) without Commission. You can also find a similar offer from the eToro broker.
Moreover, the broker has its own cryptocurrency exchange NAGAX and cryptocurrency wallet.
Minimum deposit
Depending on the amount of funds in the account, you get the trader's level, bonuses and discounts on spreads and commissions. The minimum Deposit for the basic level of Iron Trader is$250.
Conclusions
In General, NAGA shows us a company that is based on strong technologies and developed trading innovations. Thus, when trading with NAGA, you will find huge investment opportunities, regardless of whether you are a beginner or a professional trader, and social trading will help you achieve success.
It is important for us to know your personal opinion about this broker, you can also read the reviews of NAGA and see the rating of Forex brokers.
- Year of foundation 2015
- Head Office address Eurosure Tower, 3rdFloor, 2112 Nicosia, Cyprus
- Maximum leverage 1:1000
- Min. deposit $250
- Regulation CySEC
- Trading Platforms
- Payment systems for input Bank Transfers, Debit/Credit Cards , Skrill, Neleller, FasaPay, Boleto, SOFORT, BitCoin
- Payment systems for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller, FasaPay, Boleto, SOFORT, BitCoin
- Number of trading instruments 47
- Number of CFD instruments 740
- Number of futures 22
- Number of metals 2
I was given a choice of bank transfer or bank card (any payment systems). Unfortunately, there were no other options.
Transfer itself was almost instantaneous. And the best part is that broker didn't charge any commissions for it.
For an advanced trading platform such as Naga, this aspect of customer service is highly important. An advanced and innovative platform means that many things need to be clarified for the customers in the process.
So yeah, whatever you may need to be clarified, you can just open the Chat button and talk with a real person.
The team is professional and helpful, and they respond immediately!
Some of those tools are widely known and used, and some are unique and available only here, such as:
- all kinds of calculators
- calendars
- Market Buzz
- hot news
And seriously, for me, who started trading only recently, it is quite difficult to learn something new in a completely new field of activity.
But thanks to th fact that this broker provided me with demo account where I can practice and get free education, I can feel how I'm gradually becoming more experienced.
I realize that such experience is not the same as real experience. But I am sure that I will be able to combine this knowledge and future real trading experience.
- I liked how one executed my trades but it did not have enough tools and live news feed services
- I liked how one gave me trading signals but they did not have any educational resources
- I liked how one treated me with customer support but they only had a webtrader and nothing else.
Well, I am now at NAGA and they have a great combination going on in terms of all the things I coiuld ask for from my broker.
Robust regulation, segregated accounts for their clients’ funds and most importantly - amazing trading infrastructure. It’s one of the most advanced brokers I have seen in the industry. Thanks to this infrastructure their platform’s performance is no match for the others. The execution happens in milliseconds, slippages are something from the past, and its loading speed is unbelievably fast. Moreover, the platform is stable. If you are into scalping or other forms of fast and frequent trading, it will be a perfect fit for you!
- Reliable and trustworthy - regulated and enjoys a high reputation among traders. Their professionality and adherence to transparency are commendable. I mean, you gotta trust the Germans when it comes to reliability, professionalism and discipline.
- Well-rounded - one of the most versatile brokers. You can trade, or you can even invest through their platform. If you are not an expert, don’t worry, they have one of the most advanced copy-trading platforms.
First thing first they are online every day of the week which in and of itself is quite rare working hours for customer support of forex brokers.
They try so hard to give me proper assistance everytime I contact them. so I had to give them some credit.
It is noteworthy that this company remains dynamic by expanding its offerings. What impresses me most is that they are not simply copying services from other leading brokers; instead, they genuinely innovate new features such as the Naga Pay app and real stocks integration.
I commend Naga for their dedication and urge them to keep up the excellent work!
Because if the conditions are awesome and execution leads straight to the interbank market then I am ready to pay the higher price for that.
And considering all this Naga has an attractive min depo among the competitors.
The implications of such an incredible opportunity cannot be overstated — it opens up a world of possibilities for traders, investors, and anyone interested in taking advantage of all this revolutionary platform offers.
With its advanced features and unparalleled functionality, NAGA represents nothing less than the future of online trading.
The latter means it fully responds modern challenges and requirements on the market. Traders are hungry for all this fancy, "modern" stuff. I judge by myself, so brokers must provide advanced instruments for chart analysis, for news checking, for algo trading and so on. I found everything here and that's the primary reason why I decided not to leapfrog from one broker to another. I thought it's the best time to stop this senseless wandering.
I am horrified by the thought that something could happen to my money.
That's why I trusted this company. Apparently this broker has excellent measures to protect customer funds.
With this feature of the broker you get the versatility that you don’t get at any other broker. Imagine investing in shares and getting dividends for it. so cool!