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Company Overview

NAGA was formed in 2015, and it operates as a brand of the various regulated entities under the umbrella of NAGA Group AG, a Berlin-based Fintech company that has shares listed on the Frankfurt stock exchange and owns NAGA Markets Europe Ltd, which is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC), and NAGA Global LLC, which is based in Saint Vincent and the Grenadines.

The NAGA Group complies with a strict regulatory framework and operates its services in accordance with clear-cut company guidelines. This guarantees corporate business transparency for all trading instruments offered, including collaboration with multiple liquidity providers to offer the best spreads, liquidity and the risk management adopted to protect clients’ investments.

Naga Pros and Cons

Broker Regulation

NAGA Group AG owns NAGA Markets Europe Ltd, which is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license no. 204/13. The services of Naga Markets Europe Ltd relate to complex derivative products (CFDs) traded outside an exchange. These products come with a high risk of losing money rapidly due to leverage and thus are not appropriate for all investors. Under no circumstances shall NAGA Markets Europe Ltd have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any investing activity.

Clients’ funds are always kept in segregated bank accounts from the Company’s own funds, in well reputed and regulated financial institutions. In addition, NAGA Markets Europe Ltd is a member of the Investor Compensation Funds, which provides for up to €20,000 in compensation to clients if the broker is unable to fulfill its financial obligations.

Account types

NAGA is one of a new type of broker that focuses on social trading. That allows clients to copy the trades of others, who match their risk scoring, or to have their own trades copied and receive a fee for that. With over 950 individual assets available it is not hard to find some good trading opportunities in forex, stocks, commodities, or indices and ETFs.

Below is a breakdown of the account types and their features:

Trading Platforms

NAGA offers a few different platforms for its clients, which includes both MetaTrader 4 and MetaTrader 5, as well as a proprietary web-based platform, and proprietary mobile apps. The decision over which platform to choose is going to be dictated by which features the trader wishes to access, since many features are only available on specific platforms.

So, with the MetaTrader 4 and MetaTrader 5 platforms a trader will have access to CFD trading on all markets, copy trading, and support for the MT4 and MT5 mobile platforms. Those who wish to access the real stock trading feature can only do so with MT5, it is not available with MT4. All in all, a very basic set of features, and it does not take advantage of the many unique features that NAGA offers.

To access those features you need to go with the proprietary platforms. When you use the web trader, or the Android and iOS mobile platforms you can have access to auto copy trading, NAGA Messenger, signals, the newsfeed, and Leaderboard. The NAGA Radar feature, which helps local traders connect with one another, is only available in the Android and iOS platforms.

Available Assets

NAGA offers over 950 different assets, which means there is plenty of opportunities for every type of trader. Those assets span the following classes:

· Forex: 11 of the most popular forex pairs are available.

· Cryptocurrency: CFDs on 22 different cryptocurrencies and 27 pairings.

· Indices: 6 major indices are available, including the S&P 500 and the DAX 30.

· ETFs: Invest in 17 of the world’s top exchange traded funds.

· Commodities: 9 different commodities, including popular metals and energies, in addition to agricultural assets like wheat and corn.

· Shares: Trade on hundreds of the top global company shares with low spreads, competitive fees, and no commissions.

Education and Research

In addition to the useful blog, economic calendar, and regular webinars, clients can also access the NAGA Academy to increase their trading knowledge. The Academy includes over 60 videos on forex, technical analysis, basic trading strategies, and tutorials on how to use all the platforms and features offered by NAGA.

In addition to the videos, you will also find articles, eBooks, and tutorials, as well as the links to register for upcoming webinars. As of the writing of this review the coming week was featuring all the following webinars:

· Relative Strength Index

· Risk management in Forex

· Crude Oil Inventories Live Market Analysis

· NFP Live Market Analysis

· Trading Journal

· Live market analysis

· Principles of Technical Analysis & The Breakout Strategy

Customer Service

NAGA’s customer service team is top-notch and the representatives are knowledgeable and professional. Support is available Monday through Friday from 9:00 to 24:00 EEST and the team can be easily contacted via telephone or email. There is also live chat available, and a knowledge base that will have the answers to many basic questions.

NAGA Markets Europe Ltd


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In Conclusion

With so many brokers available for traders to consider we believe NAGA is well worth choosing. They have a history stretching back to 2015, they are regulated by CySEC, whose parent company is a public company traded on the Frankfurt Stock Exchange. All of this adds to their trust level and reliability.

We also liked the selection of assets, and for those who desire a social trading broker NAGA should be high on the list of potential brokers. While the spreads are not the most competitive, the lack of other fees and commissions should make up for this.

With a fairly low minimum deposit NAGA should be a good choice even for beginning traders, and they can certainly benefit greatly from the social aspects of the broker.

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