A Complete NAGA Social Trader Review

NAGA social trader overview

NAGA is a popular and widely-used social trading and investment platform that has been operational since 2015. The company is regulated by CySEC and offers a comprehensive range of tradable instruments, including CFDs on crypto, forex, commodities, ETFs, indices, stocks, and futures. NAGA also provides 24/5 customer support and a demo account to its clients. In addition, NAGAMarkets Europe Ltd offers a flexible leverage range of up to 1:30 and has a minimum deposit requirement of $250. The company is publicly traded and provides a mobile application for trading on the go.

NAGA's social trading feature is one of its key differentiating factors in the industry. The platform allows users to connect with other traders and investors, follow their portfolios, and copy their trades. It makes it an ideal platform for beginner traders and investors who want to learn from the more experienced members of the community. NAGA also has a rewards program that allows users to earn points for completing specific tasks on the platform, which can then be redeemed for cash or prizes.

Overall, NAGA is a comprehensive and user-friendly social trading and investment platform suitable for both beginner and experienced traders. The platform offers a wide range of tradable instruments, a flexible leverage range, 24/5 customer support, and a rewards program.

NAGA offers a wide range of trading platforms for other traders, including MT4, MT5, and their proprietary web trader. Moreover, they also have a mobile application that makes trading on the go a breeze. In addition, NAGA offers over 1000 tradable instruments across several asset classes, including forex, commodities, indices, stocks, and ETFs.

NAGA platform safety information

Founded in 2015, NAGA is a public company that CySEC regulates. The company is headquartered in Cyprus and strongly focuses on customer support, with 24/5 support available to clients. Regarding safety, NAGA has implemented several measures to protect its clients' funds, including negative balance protection and segregated client accounts.

Segregated accounts at NAGA help to keep client funds separate from the company's operational funds. It ensures that client funds will not be used to cover the company's debts or liabilities in the event of insolvency. Negative balance protection is another measure that NAGA has put in place to protect its clients' funds. This feature ensures that clients cannot lose more money than they have deposited into their accounts.

In addition, NAGA has implemented all the modern data safety measures like SSL encryption that ensure that all client data and information is safe and secure. Moreover, NAGA has also implemented AML, which monitors all transactions to ensure that they are not being used for money laundering or terrorist financing.

NAGA also has a comprehensive KYC procedure that requires all clients to submit certain documents for verification purposes. It helps ensure that only legitimate and genuine clients use the platform. Overall, NAGA is a safe and secure platform that takes measures to protect its clients' funds and personal data.

NAGA fees details

The overall price structure of NAGA is transparent and competitive. The spreads start from 1.3 pips, and NAGA doesn't charge for any deposits you make regardless of the account type. The withdrawal fee at NAGA is between $1 to $5, which is quite competitive. In addition, NAGA also doesn't charge an inactivity fee if you don't use your account for a while.

Spreads fee information at NAGA

Spreads in trading are the difference between a tradable instrument's ask and bid price. The company currently offers floating spreads that start from as low as 1.3 pips on their accounts. Compared to other brokers, the spreads at NAGA are pretty competitive.

For those who don't know, NAGA offers floating spreads, meaning that the spreads will widen when the market is more volatile and tighten when the market is less volatile. Nevertheless, their average spread is 1.3 pips, which is still quite competitive compared to other brokers.

Swap fee at NAGA

Traders need to pay a swap fee when they hold a position overnight. The swap fee is generally calculated as the interest rate differential between the two currencies involved in the trade. For example, if you buy EUR/USD, you will be charged a swap fee if you hold your position overnight. The swap fee at NAGA is competitive and varies depending on your account type.

If you're using a premium account from NAGA like the Gold, Diamond, or the Crystal, you need to pay fewer swap fees than the other accounts.

Deposit and withdrawal options at NAGA

NAGA is a well-known and reliable broker that offers its clients a wide range of deposit and withdrawal options. These include credit/debit cards, bank wire transfers, e-wallets such as PayPal, Skrill, and Neteller, and crypto-wallets such as Bitcoin and Ethereum.

The minimum deposit requirement at NAGA, is $250, which is very competitive and affordable for beginner traders. Deposits at NAGA are free as the broker doesn't charge any deposit fees.

The deposits are processed within 24 hours based on your method to fund your NAGA account. Regarding withdrawals, NAGA only charges a $5 processing fee for bank wire withdrawals. Withdrawals via credit/debit cards and e-wallets are free of charge. Depending on your bank type and withdrawal method, it takes around 1-5 business days.

Customers need to submit their documents for account verification, including proof of identity and address. The process is simple, and the documents can be easily uploaded via the NAGA platform. It is because NAGA complies with the KYC (Know Your Customer) and AML (Anti Money-Laundering) policies. In addition, the deposits and withdrawals are protected with the latest SSL encryption technology, ensuring that your personal and financial information is safe and secure.

In addition to this, NAGA has also implemented 2FA, which adds an extra layer of security to your account. Due to this security enhancement, traders need to enter a code that is sent to their mobile phones every time they try to log in or make a withdrawal.

Tradable markets at NAGA

With social trading at NAGA, you can follow traders from a wide range of markets, including forex, commodities, indices, stocks, ETFs, and futures. In addition, NAGA offers 1000+ tradable instruments across these markets, giving you plenty of opportunities to find profitable trades.

Regarding forex trading, NAGA offers over 50 currency pairs, including majors, minors, and exotics. Some popular currency pairs you can trade at NAGA include EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD.

NAGA also offers various CFDs on commodities, including gold, silver, oil, gas, and more. You can trade these commodities as spot or futures contracts. Some commodities you can trade at NAGA include gold, silver, oil, gas, and copper.

NAGA also offers a comprehensive range of ETFs covering major asset classes such as stocks, bonds, commodities, and real estate. Some of the popular ETFs you can trade at NAGA include SPY (US), QQQ (US), GLD (Gold), and OIL (Crude Oil).

NAGA also offers a wide range of indices you can trade as CFDs. Some popular indices you can trade at NAGA include Dow Jones, S&P 500, NASDAQ 100, FTSE 100, DAX 30, and more.

Lastly, NAGA also offers a wide range of stocks from major exchanges such as the NYSE, NASDAQ, and the London Stock Exchange. Some popular stocks you can trade at NAGA include Apple, Google, Facebook, Amazon, and more.

Leverage at NAGA

Leverage at NAGA can go as high as 1:30, one of the highest in the industry. For those who are new to trading, NAGA also offers a demo account that can be used to test out the platform and its features before committing any real money.

NAGA trading platforms

NAGA offers a variety of trading platforms for its clients, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as their proprietary web trader. Moreover, they have a dedicated tool for social trading that makes it easier for users to connect with other traders and investors, follow their portfolios, and copy their trades.

NAGA also has a mobile trading application that allows users to trade on the go. The app is available for iOS and Android devices and can be downloaded from the respective app stores. Let's look at every trading platform at NAGA:

NAGA Autocopy

NAGA's social trading platform allows users to connect with other traders and investors, follow their portfolios, and copy their trades. The platform is available both on the web and as a mobile application. NAGA's Autocopy feature is more user-friendly and easier to use than other social trading platforms. Some critical features of NAGA Autocopy are traders' leaderboards, risk management, and copy trade history.

MT4

It is one of the most used trading platforms in the world and is used by millions of traders. The platform is known for its user-friendly interface, advanced charting tools, and various customizable indicators. Moreover, MT4 also offers a mobile trading application that allows users to trade on the go. In addition, the platform supports automated trading via expert advisors (EAs).

MT5

MetaTrader 5 is the successor of MetaTrader 4 and comes with a few additional features such as more advanced charts, market depth, and an increased number of timeframes. The platform also supports tick-based charts that allow for more accurate backtesting. In addition, MT5 offers a mobile trading application that can be used to trade on the go.

NAGA Web Trader

It is NAGA's proprietary web-based trading platform that offers a user-friendly interface and a wide range of features such as advanced charts, market depth, and a variety of order types. Moreover, the NAGA web trading platform offers several advanced features such as social trading, automated trading, and a rewards program.

NAGA Mobile Trader

This is NAGA's mobile trading application that is available for both iOS and Android devices. The app offers a user-friendly interface and a wide range of features such as advanced charts, market depth, and various order types. In addition, the app offers several advanced features such as social trading, automated trading, and a rewards program.

NAGA demo account

NAGA offers a demo account that can be used to practice trading and test out the platform's various features. The NAGA demo account is funded with virtual money and comes with all the features of a live account. Moreover, the demo account can be used to trade all the asset classes available on the NAGA platform.

Available accounts on NAGA

NAGA offers six trading accounts to make your trading experiences more seamless and on the go.

Iron

This NAGA account requires a minimum deposit of $250 and offers a leverage range of up to 1:30. You will also get access to daily NAGA 5 trading signals, webinars, and eBooks. In addition, you can earn up to $0.12 per copied trade and get trade alerts. The withdrawal fee at the NAGA Iron account is $5, which is flat and lower compared to other online brokers. With a spread of 1.7 pips, the account is great for beginner traders.

Bronze

The NAGA Bronze account is available with a minimum deposit of $2,500. You will get access to all the features offered in the Iron account plus a few more such as one-on-one tutoring and the PI Dashboard. In addition, you can also copy up to 4 traders and earn $0.15 per copied trade. The account also offers a lower spread of 1.7 pips which is excellent for those who trade frequently. The withdrawal fee at the NAGA Bronze account is $4. You also get access to the NAGA trade alerts and the PI dashboard to make your trading more accurate.

Silver

The Silver account is available with a minimum deposit of $5000 and offers a leverage of up to 1:30. You will get all the features provided in the Bronze account plus a few more such as Daily NAGA 10 trading signals and access to webinars. In addition, you can also copy trade and earn $0.18 per copied trade. In addition, if you copy trade in forex, you can earn $0.70 per trade, which is competitive in the industry. Moreover, you get access to lower spreads of 1.2 pips. The withdrawal fee at NAGA for this account is also lower at $3.

Gold

The Gold account is available with a minimum deposit of $25000 and offers a leverage range of up to 1:30. You will get all the features provided in the Silver account plus a few more such as Daily NAGA 15 trading signals, one-on-one tutoring, and trade alerts. In addition, you can copy trade and earn $0.22 per copied trade, which is one of the highest in the industry. Moreover, you get access to tight spreads of 0.9 pips. The withdrawal fee at NAGA for this account is also one of the lowest at $2. In addition, you also get a copy bonus of $0.80 per copied trade on FX pairs, again one of the highest in the industry.

Diamond

The Diamond account is available with a minimum deposit of $50000 and offers a leverage range of up to 1:30. You will get all the features provided in the Gold account plus a few more such as Daily NAGA 20 trading signals, webinars, trade alerts, eBooks, and one-on-one tutoring. In addition, you can copy trade and earn $0.27 per copied trade, which is again one of the highest in the industry. Moreover, you get access to very tight spreads of 0.7 pips. The withdrawal fee at NAGA for this account is also very low at $1. In addition, you also get a copy bonus of $1 per copied trade on FX pairs which is the highest in the industry.

Crystal

The Crystal account is available with a minimum deposit of $100,000 and offers a leverage range of up to 1:30. You will get all the features provided in the Diamond account plus a few more such as Daily NAGA 25 trading signals, webinars, trade alerts, eBooks, one-on-one tutoring, and the PI Dashboard. In addition, you can copy trade and earn $0.32 per copied trade, and you get a copy bonus of $1.2 per copied trade on FX pairs. Moreover, there are no withdrawal charges on this NAGA account.

How to open your account with NAGA

Follow these quick steps to open an account with NAGA:

• Visit the NAGA website and click on Sign Up.

• Fill in the mandatory online form with your details

• Choose your account type and deposit method

• Verify your account via email (which will be done within 24 hours)

• Log in to your account and start trading

NAGA customer support details

In case you need any assistance, NAGA has a dedicated customer support team that is available 24/5. You can contact them via live chat, phone, or email. NAGA's customer support is responsive and quick.

Phone: +35725041410

Email: support@nagamarkets.com

Research tools available at NAGA

NAGA offers a comprehensive set of research tools and resources ideal for both beginner and experienced traders. In addition, the platform provides access to a wide range of advanced tools to make trading seamless. Let's look at all research tools available on the NAGA platform.

Trading calculator

The trading calculator

is a simple yet powerful tool that allows users to calculate the potential profit or loss on their trades. The calculator considers the entry and exit prices, stop-loss and take-profit levels, leverage, and margin requirements. This tool from NAGA is handy for those who want an idea of the potential risks and rewards before entering a trade.

Economic calendar

An economic calendar is a crucial tool for all traders as it provides them with a list of upcoming economic events and releases that have the potential to impact the markets. NAGA's economic calendar is accurate and is updated in real-time, so users always have the latest information at their fingertips. Moreover, the calendar provides users with a brief description of each event, so they can make informed trading decisions.

Earning calculator

The earnings calculator is a tool that allows users to calculate their potential earnings from dividends. The calculator considers the dividend yield, the number of shares held, and the holding period. This tool is handy for those who want to generate income from their investments in stocks.

NAGA price alert

NAGA's price alert is a handy tool that allows users to set up alerts for their desired instruments. The alerts can be set up for both mobile and web platforms. Once an alert is triggered, the user will receive a notification via email or text message. This tool is helpful for those who want to stay updated on the latest price movements of their desired instruments.

Educational resources at NAGA

NAGA offers a wide range of video tutorials, webinars, and e-books that can help traders learn about the different features of the platform and how to use them effectively. A dedicated customer support team is also available 24/5 to answer any queries that traders may have. NAGA also has a comprehensive blog section covering topics like trading strategies, risk management, and market analysis.

NAGA broker in a nutshell

NAGA broker is among the leading brokers in the industry, with a wide range of trading platforms and instruments. The company has been operational since 2015 and is regulated by CySEC. Overall, NAGA is a comprehensive and user-friendly social trading and investment platform suitable for both beginner and experienced traders.

FAQs:

What is the minimum deposit at NAGA?

The minimum deposit at NAGA for social trading is $50.

What is the maximum leverage offered by NAGA?

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

Does NAGA offer a demo account?

Yes, NAGA offers a demo account to its clients.

Is NAGA a regulated platform?

Yes, NAGA Markets Europe Ltd is a regulated broker by CySEC.

What are the deposit methods at NAGA?

The deposit methods at NAGA include bank wire transfer, credit/debit card, and e-wallets such as PayPal, Skrill, and more.

What are the withdrawal methods at NAGA?

The withdrawal methods at NAGA are similar to the deposit methods, including bank wire transfer, credit/debit card, and more.

How do I open an account with NAGA?

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

Does NAGA support MT4 & MT5?

Yes, the NAGA platform 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 data is not mentioned on the NAGA platform.

How to contact NAGA customer support?

You can contact the NAGA team via phone, email, and live chat.

Does NAGA offer educational content?

Yes, the NAGA platform offers educational content in videos, eBooks, and more.

Can US residents open accounts at NAGA?

No, US residents are not accepted at NAGA as of now.

How can I change my password at NAGA?

If you want to change your password at NAGA, you can go to the 'Settings' tab and then click on the 'Change Password' option.

What account types does NAGA offer?

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