NAGA Review

Why choose NAGA

Offers a social trading platform with a wide range of tradable assets.

Pros

  • User-friendly interface, diverse asset selection, and strong regulatory oversight.

Cons

  • Inactivity fee after 12 months; higher spreads on certain instruments.
NAGA

NAGA

Fee Level:

Medium

Inactivity Fee:

Medium

Index CFD Fee:

Medium

Investor Protection:

Up to €20,000 under the Investor Compensation Fund (ICF).

Mobile Platform:

Visit NAGA

Provides a cost-effective trading environment with competitive fees.

Pros

  • No withdrawal fees; competitive forex spreads starting from 0.8 pips.

Cons

  • Inactivity fee applies after 12 months; higher spreads on certain instruments.

Regulated by CySEC; segregates client funds and offers negative balance protection.

Pros

  • Strong regulatory framework and security measures, including SSL encryption and segregated client funds.

Cons

  • Limited product range beyond forex and CFDs.

NAGA offers bank transfers, cards, Skrill, Neteller, and PayPal. Deposits are instant; withdrawals take 1–2 days.

Pros

  • Fast withdrawals, multiple e-wallet options, secure transactions.

Cons

  • Fast withdrawals, multiple e-wallet options, secure transactions.

NAGA supports a fully online application process with document approval taking 1–2 business days.

Pros

  • Fast approval and access to social trading features.

Cons

  • Fast approval and access to social trading features.

NAGA's mobile app is designed with a modern interface, offering social trading features that allow users to follow and copy trades from experienced investors.

Pros

  • Social trading integration, intuitive design, real-time notifications.

Cons

  • Some advanced charting features may be limited on mobile.

NAGA offers a web-based platform alongside MetaTrader 4 and 5, providing flexibility and a range of tools for different trading styles.

Pros

  • User-friendly web interface, access to social trading features.

Cons

  • Web platform may lack some advanced features of standalone applications.

NAGA provides access to over 4,000 assets, including Forex, stocks, indices, ETFs, commodities, and cryptocurrencies, enabling extensive diversification opportunities.

What is the minimum deposit required to start trading with NAGA?

The minimum deposit at NAGA varies depending on the account type and funding method. Generally, it starts from €250, but it's advisable to check the latest requirements on NAGA's official website.

What are NAGA’s trading fees and spreads?

NAGA operates on a variable spread model, with spreads varying based on the instrument and market conditions. For example, forex spreads can start from 0.1 pips. Additionally, NAGA charges a fixed fee of €0.99 per trade when using the copy trading feature.

Does NAGA offer bonuses or promotions?

NAGA occasionally runs promotional campaigns. However, due to regulatory constraints, the availability of bonuses may be limited. It's advisable to check NAGA's official website or contact customer support for current promotions.