Deposits are free, but withdrawals can incur a fee depending on the size of your account balance. An index is a basket of trading instruments used to gauge a market sector, stocks within an exchange, or a country’s economy. MetaTrader 5 allows users to develop, test, and apply Expert Advisors .

The formula has proved pretty popular so far, with NAGA boasting over 500,000 active user accounts. In this NAGA Review 2022, we take a closer look at what the platform has to offer and how to get started with an account. We’ll also consider how suitable NAGA is for traders around the world.

This brings a level of stability as a strong operational and establishment base. Besides, this broker is backed by a Chinese fund known as FOSUN; which makes it a reliable and trustworthy firm in any predicament. NAGA offers its users to trade and download from the MetaTrader 4 trading platform. The route to opening an account on NAGA TRADER is through opening a trade account with any recognized brokers who are the partner with the platform.

Is NAGA crypto legit?

It is noteworthy that on the official website of NAGA FX broker you can discover major world markets. These are cryptocurrencies, ETFs, stocks, metals, indices, commodities, Forex instruments. Investing in various assets and derivatives can be carried out while in a single account. These are robot advisors CYBO, Auto-Copy, NAGAPortfolios, as well as 2% interest CFDs.

The NAGA social trading platform is the base from where you can share their trading experience and invest in others. I found it a breeze to browse the community, view profiles, look for signals, view over 1,000 trading assets, study charts, conduct indepth market analysis and much more. In general, we can point out that both desktop and mobile platforms of trading are well-designed and the user experience is at its best. Customers can make the most out of platforms and execute trades in no time.

NAGA Markets

The ICF protects investments of up to €20,000 if a firm becomes insolvent. By contrast, a trader working with a broker entity regulated offshore would not necessarily have these benefits. The European entity of NAGA is governed by the Cyprus Securities and Exchange Commission , a top-tier regulator. NAGA Markets is part of NAGA Group AG, a publicly-traded company on the Frankfurt stock exchange. We found NAGA to have a high level of transparency relating to regulation, fees, and the company’s background. Their revenues come mainly from spreads, commissions, copy fees, interest on margin lending , and other fees.

NAGA charges swap fees of -3.5 on the EUR/USD on a long position, and -0.65 on a short position. An important factor for our NAGA Review 2022 is the platform’s regulatory credentials. The brokerage is fully licensed and regulated by the Cyprus Securities and Exchange Commission.

The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. A typical spread for EUR/USD is 1.2 pips, which is considered a good spread among the industry offers. Contract for differences trading, a popular form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, will incur commission. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and depends on the asset being traded and the type of service offered by the broker. NAGA does specify a minimum amount for first-time deposits, but an amount of $ 250 is recommended which gives traders exposure to most markets.

I always like to see what is happening in the markets as it can help me with making decisions. Founded in 2015 by Yasin Qureshi and Benjamin Bilski, NAGA’s mission is to make investing simple and to empower traders around the world to gain fast and easy access to the global markets. I have seen over the years how the company works hard to provide technology, resources, and support for every level of trader. You can choose from a selection of user-friendly trading platforms for web, desktop and mobile devices. The platforms are completely free of charge and packed with helpful trading tools along with educational resources to help you with your daily trading activities.

NAGAs Risk Warning

Furthermore, the commission on stocks is 0.20 percent and on ETFs is 0.10 percent. It can be possible, to begin with, a basic account that demands no minimum deposit. As per our NAGA reviews, this website has high-performance standards, and it is more reliable as a public company. It complies with the necessary regulatory requirements that are set by MiFID. The trader’s funds are always isolated from the company funds and it is covered by a compensation plan in case NAGA brokers go bankrupt.

NAGA’s educational and market analysis materials are average compared to other similar brokers, but beginner traders will get a good feel for the basics of Forex trading. Many traders have international interests, so an important consideration for our NAGA Review 2022 is which jurisdictions the platform can operate within. NAGA Markets Europe is very much focused on Europe and currently only offers its brokerage services to countries within the European Economic Area . If you are opening an account within these jurisdictions you will automatically be taken to the appropriate site. Similarly, if you are opening an account in New Zealand, Canada, Australia, or India, you will be directed to NAGA Global.

Spreads average 3.70 pips pips (EUR/USD) on the entry-level tier, which requires a minimum deposit of 250 USD. Not only is this spread wider than most other brokers’ entry-level accounts, but the minimum deposit is also higher. Most brokers will offer an average spread of 1 pip (EUR/USD) and a minimum deposit of 100 USD or less on their entry-level accounts. NAGA offers one live account with tighter spreads and other benefits linked to higher minimum deposits. While most brokers don’t include this step in the account-opening process, it is a responsible move in an industry that is often accused of an irresponsible approach to consumer protection.

The customer support on NAGA.com is available both by phone and live chat. The support team is friendly and ready to answer any questions immediately. There are several languages available for contacting and customers from different locations can access the information they need in their native language. 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.

They also have a dedicated IT security team which actively works to detect and patch any security weaknesses. They do not share or sell users’ personal information, unless requested by a financial regulatory authority. You can manually control every aspect of this process, or autocopy. There is also a Copy Analytics Dashboard that helps top traders to monitor their stats in terms of traders that copy them, their trade stats, and their social stats. Non-crypto payment methods must be verified before you can make withdrawals using them.

Trading Conditions

Naga is reliable broker with great range of trading instruments and very competitive social trading environment. Platform and costs are good, there is education and research tools. Naga was founded back in 2015 as a Fintech company that provides access to world markets through decentralized technology along with necessary support so that global investors may videforex gain bigger exposure. Having heard so many great things about NAGA in this review, it should not come as a surprise to you that their customer service is absolutely top-notch. They have a dedicated support team that is there to guide you every step of the way and are available at all times. For any questions or concerns, you can contact the NAGA help center.

Please contact our Support Team at and they will be happy to assist you further. While MT4 and MT5 do not require many words and an introduction due to their world popularity and proven powerful capabilities that remain at your disposal either for manual or automatic strategies. NAGA trading platform brings you additional capabilities and a truly great balance between a friendly interface and its sophisticated solutions. Client’s funds are held in segregated bank accounts, separate from NAGA’s own operational funds. Client funds are also protected by the Investor Compensation Fund which insures client funds up to €20,000 if in the future NAGA goes bankrupt. To access your account via NAGA Web, all you need to do is enter your email or username and password that you registered with when you created your account.

Commissions and Fees

You can setup a price alert to get notified when prices go up or down. Alerts are sent as notifications on your web trader or to NAGA mobile app for iOS and Android. You can also get them to your email inbox if you don’t always have the platform accessible. For example trading with cryptocurrencies is riskier than the other options. Users should be aware of the fact that there is no 100% winning strategy in trading, but they can always minimize risks by applying correct trading methods and use guiding principles set by the broker. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated.

Users simply need to select traders they would like to copy from the leaderboard and press Autocopy. NAGA provides clients with its NAGA Web App and Mobile App for Android and iOS, which are intuitive and offer cutting-edge copy trading capabilities. MetaTrader 4 and MetaTrader 5, which have advanced functionality and can cater to algorithmic traders, are also available to NAGA clients. In addition, when trading with a broker authorized by the CySEC, client funds are also protected by the Investor Compensation Fund .

The platform strives to make the trading and investment process simple for the traders . It does so with CYBO (the artificial intelligence-based trading and investment robot advisor), and NAGA portfolio feature. NAGA offers its customers a spread of 1.2 on EUR / USD, below the 1.5 margins. The size of the spread is particularly important since it decides the cut the broker gets from the potential profit that a customer may get.

Opening a demo account is a good option before opening a live account where you trade with real money in real-time. Demo accounts are also widely used by more experienced traders who want to experiment with other asset classes. For instance, a trader might be experienced in stock trading but want to start investing in futures, commodities, or currencies. NAGA offers low spreads for all traders whatever the trading account size might be.

Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. However, the broker does have a very interesting offer for copy traders. As we have already mentioned above, copying trades is a possibility on the broker’s website, which allows rookie traders to copy trades from experienced investors.

Spreads, fees, and market hours are covered on the Market Hours and Trading Fees page. The Terms of Business can be found on the Regulation and Licensing page. NAGA Global LLC is registered with the Saint Vincent & the Grenadines Financial Services Authority . When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable.

Is NAGA Regulated?

Their chatbot provides a directory of articles written by their in-house support team with relevant responses to almost any question you can come up with. You should check whether CFDs are available in your country before signing up. If you create an account and claim residence in another country, ogfx you may have difficulty getting your funds off the platform, because you have to verify your payment method. The payment methods available to you will depend on your geographic location. Spreads are the difference between the market price and the quoted buy or sell price of the CFD.

Typical Spread on Majors

The NAGA Demo Account does not expire, which is helpful for beginner traders. NAGA provides clients with a virtual starting balance of 2500 EUR, which can be topped up on request. It allows one to view charts, news, and analysis, pepperstone reviews get access to the full-featured MT4 and MT5 platforms, experience real-time prices and real forex market volatility. While the demo account is not limited in time, but it will automatically close after 3 months of inactivity.

NAGA Auto Copy allows the clients to take advantage of expert traders’ knowledge and experience and automatically copy the selected trades. The followers can simply filter the expert traders according to their win ratio, profit chart, average return on investment , or any other data from their profile. All users, experienced or not, can have a demo account to practice or try out new trading strategies, in addition to a live trading account. Novice traders should use the demo account in conjunction with the educational and training resources provided by NAGA.