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Company Overview

A Complete NAGA Broker Review

Regulation and LicenseCySEC
HQCyprus
Founding year2015
Leverage rangeUp to 1:30
Min deposit$250
PlatformsMT4, MT5, Proprietary web trader for desktop, mobile application
Tradable InstrumentsCFDs on Crypto, Forex, Commodities, ETFs, Indices, Stocks, Futures
Demo accountYes
Base CurrenciesVarious base currencies offered
Customer support24/5 support
Active ClientsNot Known
Publicly tradedYes
CFDs on CryptoYes
Websitewww.nagamarkets.com
ProsCons
Supports multiple base currenciesNot available to traders in the US
Easy to open account
900+ instruments
Wide range of tradable markets
No deposit fee

NAGA broker overview

NAGA is a popular multi-asset broker that offers a wide range of tradable assets, including CFDs on cryptocurrencies, forex, commodities, ETFs, indices, stocks, and futures. The company is headquartered in Cyprus and is regulated by CySEC. NAGA is popularly known for its forex trading facilities available through the MT4, MT5, and NAGA Trader platforms. The broker also has a proprietary web trader for desktop users and a mobile application for traders on the go.

NAGA offers its clients a wide range of tradable assets and provides 24/5 customer support. The company is publicly traded and offers a demo account to its clients. NAGA Global LLC offers leverage of 1:1000, one of the highest in the industry. NAGA has been operational since 2015 and is one of the newer brokers in the industry, offering its clients a wide range of assets and facilities.

Naga template
Naga template

For forex traders, NAGA offers the MT4 and MT5 platforms, the two most popular forex trading platforms in the world. In addition, the NAGA Trader platform is a proprietary platform designed for desktop and mobile users. NAGA offers more than 1000 instruments to its clients, including currency pairs, CFDs, stocks, indices, ETFs, and cryptocurrencies.

NAGA also has a wide range of deposit and withdrawal methods available to its clients. The minimum deposit for a NAGA account is $250, and the minimum withdrawal is $50, which is quite impressive compared to other brokers. NAGA also has a very efficient customer support team available 24/5 to help its clients with any queries or problems they may have.

naga 2022

NAGA safety information

naga safety information
Naga policy

NAGA is a widely-recognized and safe broker. The NAGA Markets Europe Ltd is CySEC-regulated, one of the world's most stringent financial regulators. NAGA also holds a European Union passport, allowing it to offer its services across the EU. NAGA Group A.G. is also a publicly-traded company on the Frankfurt Stock Exchange.

Moreover, the NAGA broker has implemented modern security features to protect clients' money and personal data. The broker uses SSL encryption to safeguard the client's money and employs a strict anti-money laundering policy. With NAGA's AML protection, all clients' deposits are segregated and kept in tier-1 banks. AML protection helps the broker with compliance with international financial regulations. In addition, NAGA has implemented KYC compliance in which all clients must verify their identity and address before starting trading.

NAGA also has a negative balance protection policy that protects the clients from incurring losses that exceed their deposits. Negative balance protection helps limit the risk of losses and is an essential feature for any broker.

Moreover, NAGA has implemented two-factor authentication to protect its clients' accounts. Two-factor authentication is an additional security measure that requires the client to enter a code sent to their mobile phone to log into their account. Overall, NAGA is a very safe and secure broker that offers its clients a wide range of features and facilities to make their trading, especially forex trading, streamline.

NAGA fees details

Naga fee 2022

NAGA offers transparent pricing and fee structure. The company offers competitive spreads starting from 1.3 pips or even less, depending on the account type and the asset being traded. NAGA also does not charge any deposit fee regardless of the account type you are using. In addition, NAGA does not charge an account inactivity fee, which is the fee you are charged if you don't trade for a certain period.

For withdrawal, NAGA charges a fee of 0-5$/€ based on your VIP level, which is very competitive when compared to other brokers. The VIP levels are determined by the amount you deposit into your account and the number of lots you trade monthly. Moreover, NAGA also charges a reduced commission on stock CFDs (0.20%). Overall, NAGA's fees are competitive and offer great value.

Fees TypeNaga
Deposit feeNo
Withdrawal feeYes
Inactivity feeNo
Fee rankingLow/ Average

Spreads fee information at NAGA

Spread fee in forex trading is significant to consider when choosing a broker. NAGA offers its clients very competitive spreads starting from 1.3 pips or even less, depending on the account type and market conditions. It is pretty impressive when compared to other brokers in the industry. For example, some brokers charge a spread fee of 3 pips or more for major currency pairs.

Spreads offered at the NAGA forex trading platform are floating, which means they change according to the market conditions. Therefore, the spreads at NAGA are also very low compared to other brokers in the industry. Moreover, the NAGA platform has a dedicated page for spreads against every currency pair so that you can better understand the fees.

​​Swap fees at NAGA

In forex trading, you must pay a swap fee if you hold a position overnight. The swap fees at NAGA are very competitive and start from 0.20% on the notional value. Swap fees are charged depending on the currency pair you are trading and your account type.

Moreover, if you have a VIP level account at NAGA, including Gold, Diamond, or Crystal, you need to pay less swap. The exact swap fee will be shown in your NAGA account once logged in.

Deposit and withdrawal options at NAGA

NAGA has made the deposit and withdrawal process easier for the forex and other traders. Being a popular broker, NAGA offers its clients a wide range of deposit and withdrawal methods.

The deposit methods available at NAGA include credit/debit cards, bank wire transfers, and e-wallets such as PayPal, Skrill, Neteller, UnionPay, etc. All these deposit methods are instant and free of charge. The minimum deposit for a NAGA account is $250.

NAGA offers the same methods as deposits for withdrawals but with a few exceptions. Withdrawals to credit/debit cards and e-wallets are instant, but withdrawals by bank wire transfer can take up to 5 business days. The minimum withdrawal amount at NAGA is $50. The withdrawals are processed within 24 hours, but depending on your bank, it can take up to 5 business days for the funds to reflect in your account. NAGA offers clients 20+ deposit and withdrawal options, which is an incredible number.

As the NAGA platform is compliant with KYC and AML, you must go through the verification process before making a withdrawal. The verification process is simple and only requires you to submit your identity and address proof. Once you have submitted the required documents, your NAGA account will be verified within 24 hours. Some common documents required for verification include passport, national ID, utility bill, and bank statement.

Moreover, both deposit and withdrawal processes at NAGA are protected with SSL encryption, ensuring that your personal and financial information is safe and secure. Moreover, as NAGA offers 2FA, your account is further protected from unauthorized access. Overall the deposit and withdrawal process at NAGA is very safe, secure, and easy to use.

Tradable markets at NAGA

NAGA is a popular multi-asset broker known for offering advanced forex trading and has a lot to offer to its clients. It has more than 1000 tradable instruments across different asset classes, including forex, stocks, indices, ETFs, cryptocurrencies, and commodities.

Regarding forex trading, NAGA offers a comprehensive range of currency pairs, including major, minor, and exotic pairs. Some popular currency pairs you can trade at NAGA are EUR/USD, GBP/USD, USD/JPY, and AUD/USD. NAGA also has a wide range of CFDs which is impressive given that it is a relatively new broker. Some CFDs you can trade at NAGA include commodities, indices, stocks, and ETFs. The spreads on forex trading at NAGA are very competitive, starting from 1.3 pips.

NAGA also offers CFDs cryptocurrency trading, which is becoming increasingly popular among traders. The broker has a wide range of cryptocurrencies you can trade, including Bitcoin, Ethereum, Litecoin, and Ripple. In addition to cryptocurrency trading, NAGA offers a wide range of commodities you can trade as CFDs. Some popular commodities you can trade at NAGA are gold, silver, oil, and gas.

NAGA also offers stock trading, a popular asset class among traders. The broker has more than 1,000+ instruments (Real Stocks and CFDs on Forex, Stocks, Cryptocurrencies, Indices, Commodities, ETFs and Futures. In addition to stocks, NAGA also offers ETF trading, a popular asset class among traders. The broker has more than 100 ETFs that you can trade as CFDs.

NAGA also offers a wide range of indices you can trade as CFDs. Some popular indices you can trade at NAGA are Dow Jones Industrial Average, S&P 500, NASDAQ Composite, and FTSE 100. NAGA also offers futures trading, a popular asset class among traders. The broker has a wide range of futures contracts that you can trade, including commodities, indices, and currency pairs.

Leverage information at NAGA

NAGA offers leverage of up to 1:1000 under NAGA Global and 1:30 under NAGA Markets Europe Ltd (European region) on its forex pairs, one of the highest in the industry. Leverage allows you to trade with more money than you have in your account and can help you make good profits. However, it also amplifies your losses, so it is essential to use it wisely.

NAGA trading platforms

NAGA is known for offering a wide array of tradable assets and allows its clients to trade on the world's most popular forex trading platforms, MT4 and MT5. Moreover, NAGA offers its proprietary web trader platform packed with features designed for desktop and mobile users. In addition, NAGA also provides a mobile trading app that is available for both Android and iOS devices. Let's look at every trading platform open at NAGA.

MT4

MetaTrader 4 is the most accurate and popular forex trading platform in the world and is offered by many brokers. MT4 is a user-friendly platform suitable for both beginner and experienced traders. The platform provides a wide range of features and tools traders can use to help them make better-informed decisions. MT4 is available for both desktop and mobile users. The best part about MT4 is that it is free and can be downloaded from the NAGA website. You get all the essential and advanced features on MT4 that you would need to make successful trades.

MT5

MetaTrader 5 is the latest version of the MetaTrader platform and is packed with even more features and tools than MT4. MT5 is suitable for both beginner and experienced traders and offers a wide range of assets, including currency pairs, CFDs, stocks, indices, ETFs, and cryptocurrencies. In addition, MT5 offers advanced features like an economic calendar, market news, and analysis that can help traders make better-informed decisions. MT5 is available for both desktop and mobile users.

NAGA WebTrader

NAGA WebTrader is a proprietary trading platform designed for desktop and mobile users. The platform is packed with features and tools that can help traders make better-informed decisions. NAGA WebTrader is free and can be accessed from the NAGA website. NAGA WebTrader platform covers all the essential and advanced features that a trader would need to make successful trades. In addition, the NAGA WebTrader is ideal for on-the-go trading as it is available for desktop and mobile devices.

NAGA Mobile App

NAGA also offers a mobile trading app available for Android and iOS devices. The NAGA mobile app comprises features and tools that can help traders make better-informed decisions. The NAGA mobile app is free and can be downloaded from the NAGA website, which will redirect you to your respective app stores. The best part about the NAGA mobile app is that it is loaded with all the essential and advanced features that a trader would need to make successful trades.

Moreover, NAGA also offers a full-fledged demo account, which is free and doesn't require any deposit. The demo account is loaded with virtual cash that traders can use to test the different features and tools of the NAGA platform.

Available accounts on NAGA

Naga Accounts 2022

NAGA offers six different trading accounts that makes the forex trading seamless and accurate:

Iron

Iron is the basic account that offers the minimum spreads and is best suited for beginner traders. The account requires a minimum deposit of $250, and the spreads start from 1.7, which is relatively low compared to other brokers. In addition, you can earn $0.12 per copied trade, and you also get access to the trading signals to make your trading more accurate. In addition, you also get access to the NAGA research tools, webinars, eBooks, and trader alerts. The withdrawal fee at the NAGA Iron account is $5 per trade.

Bronze

The Bronze account is the most popular account that is chosen by a majority of the traders. The account requires a minimum deposit of $2,500, and the spreads start from 1.7, which is quite low compared to other brokers. In addition, you can earn $0.15 per copied trade and get access to the trading signals to make your trading more accurate. In addition, you also get access to the NAGA research tools, webinars, eBooks, and trader alerts. The withdrawal fee at the NAGA Bronze account is $4 per trade.

Silver

The Silver account is the best account for intermediate traders. The account requires a minimum deposit of $5,000, and the spreads start from 1.2, which is low compared to other brokers. In addition, you can earn $0.18 per copied trade and get access to the trading signals to make your trading more accurate. In addition, you also get access to the NAGA research tools, webinars, eBooks, and trader alerts. The withdrawal fee at the NAGA Silver account is $3 per trade. Moreover, you get access to the PI dashboard also.

Gold

The Gold account is the best account for advanced traders. The account requires a minimum deposit of $25,000, and the spreads start from 0.9, which is low compared to other brokers. In addition, you can earn $0.22 per copied trade and get access to the trading signals to make your trading more accurate. In addition, you also get access to the NAGA research tools, webinars, eBooks, and trader alerts. The withdrawal fee at the NAGA Gold account is $2 per trade. Moreover, you get access to the PI dashboard also.

Diamond

The Diamond account is the best account for professional traders. The account requires a minimum deposit of $50,000, and the spreads start from 0.7, which is low compared to other brokers. In addition, you can earn $0.27 per copied trade, and you also get access to the trading signals to make your trading more accurate. In addition, you also get access to the NAGA research tools, webinars, premium eBooks, and trader alerts. The withdrawal fee at the NAGA Diamond account is $1 per trade. Moreover, you get access to the PI dashboard and 20 daily signals for traders.

Crystal

The Crystal account is the best account for high-net-worth individuals and institutional traders. The account requires a minimum deposit of $100,000, and the spreads start from 0.5, which is low compared to other brokers. In addition, you can earn $0.7 per copied trade, and you also get access to the trading signals to make your trading more accurate. In addition, you also get access to the NAGA research tools, webinars, premium eBooks, and trader alerts. The withdrawal fee at the NAGA Crystal account is $0 per trade. Moreover, you get access to the PI dashboard and unlimited daily signals for traders.

How to open an account with NAGA

Follow the below steps to open an account with NAGA:

  • Visit the NAGA website and click on Sign Up.

  • Fill in the online form with your details

  • Choose your account type and deposit method

  • Verify your account via email

  • Log in to your account and start trading

NAGA customer support details

NAGA offers 24/5 multilingual support to its clients through live chat, email, and telephone. The customer support team of NAGA is very efficient and is always available to help its clients with any queries. Here are the contact details of the NAGA platform:

Phone: +35725041410

Email: support@nagamarkets.com

Research tools available at NAGA

NAGA is a widely-used broker suitable for new and experienced traders. The broker offers a wide range of forex and other markets trading tools, including:

Trading calculator

NAGA offers a trading calculator on its website to help traders calculate the required margin, pip value, and swap charges for their trades. Moreover, the calculator can also be used to determine the profit/loss for a trade.

Economic calculator

The economic calculator on the NAGA website can help traders calculate the impact of economic events on their trades. The economic calculator at NAGA is accurate and up-to-date, which can help traders make informed decisions about their trades.

Earnings calculator

It's an exciting tool that NAGA offers to its clients to help them calculate their earnings. The earnings calculator at NAGA is designed to help traders estimate their potential earnings from their trades. This earning calculator of NAGA is a great tool for new and experienced traders.

NAGA price alert

The NAGA price alert is a great tool that can help traders stay up-to-date with the latest prices of their chosen assets. The price alert at NAGA can be set up for both mobile and desktop devices.

Educational content at NAGA

NAGA offers a powerful and easy-to-use learning center packed with a wide range of educational content. The learning center includes video tutorials, webinars, eBooks, and one-on-one tutoring. The video tutorials cover a wide range of topics such as forex trading, technical analysis, and market sentiment. The webinars are conducted by professional traders who share their insights and knowledge on various topics. The eBooks cover a wide range of topics such as forex trading, technical analysis, and market sentiment.

NAGA broker in a nutshell

NAGA is a reliable forex and cryptocurrency trading platform that offers a wide range of assets and leverages. The company is headquartered in Cyprus, is regulated by CySEC, and is publicly traded. NAGA also has a very efficient customer support team that is available 24/5. Overall, NAGA is a great choice for forex, cryptocurrency, and other market traders looking for a reliable and reputable broker.

FAQs:

What is the minimum deposit at NAGA?

The minimum deposit for a NAGA account is $250.

What is the maximum leverage offered by NAGA?

The maximum leverage offered by NAGA Global is 1:1000 and for NAGA Markets Europe Ltd is 1:30 .

Does NAGA offer a demo account?

Yes, NAGA offers a demo account to its clients.

Is NAGA a regulated broker?

Yes, NAGA is a regulated broker by CySEC.

What are the deposit methods at NAGA?

The deposit methods at NAGA include credit/debit cards, bank wire transfers, and e-wallets.

What are the withdrawal methods at NAGA?

The withdrawal methods at NAGA include credit/debit cards, bank wire transfers, and e-wallets.

How do I open an account with NAGA?

You can open an account with NAGA by visiting the broker's website and completing the application form.

Does NAGA support MT4 & MT5?

Yes, NAGA supports both MT4 & MT5.

What are the spreads at NAGA?

The spreads at NAGA are floating and start at 1.3 pips.

What is the minimum trade size at NAGA?

This information is not available on the NAGA platform.

How to contact NAGA customer support?

The customer support team at NAGA can be contacted via phone, email, and live chat.

Does NAGA offer educational content?

Yes, NAGA offers educational content in videos, eBooks, and webinars.

Can US residents open accounts at NAGA?

No, US residents are not accepted at NAGA.

How can I change my password at NAGA?

You can change your password at NAGA by logging into your account and going to the 'Settings' tab.

What account types does NAGA offer?

NAGA offers six accounts — Iron, Bronze, Silver, Gold, Diamond, and Crystal.

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