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Naga Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

Naga is a trading platform that provides a diverse range of traders with access to a comprehensive selection of trading products. For investors looking for a trading platform that provides a vast variety of trading pairs and social instruments, Naga strives to be an all-in-one solution. Its focus is on foreign exchange (Forex), commodities, and cryptocurrencies in addition to stocks. Visit Naga website.

Trading services are provided by Naga, which is a trading platform that runs MT4 and MT5 in the background. Trading on MT (MetaTrader) is a safe and secure endeavor, as evidenced by the platform's track record of success over the years. It not only provides reliable statistics but also gives users the opportunity to mimic the trades of other users.


NOTE: If you want to start trading immediately without any limitations, you will need to fill out the KYC form that Naga provides.

When compared to Kraken and Gemini, two other major players in the cryptocurrency business, the security of a personal account on Naga is not nearly as robust as it need to be. This is especially true when considering the competition. To keep your personal information safe on Naga, you need to exclusively utilize the two-factor authentication feature.

Aside from this, the Cyprus Securities and Exchange Commission (CySEC) oversees the operations of Naga, and the company keeps customer cash and its own funds in separate accounts at major European banks that are subject to regulation.

The oversight of significant regulatory bodies is typically required in order to partially ensure that trading platforms such as this one adhere to high security requirements. However, this does not mean that trading platforms are completely immune to any type of security breach and should not be interpreted as meaning that they are.

Neteller, Skrill, GiroPay, Sofort, and Trustly are among of the third-party service providers that may be used to make deposits and withdrawals using a variety of different fiat currencies at Naga. Deposits can be made using debit and credit cards issued by Visa and Mastercard, in addition to deposits that can be made through wire transfers.

Once you have passed the KYC procedure and have confirmed your identity, the maximum amount that you may deposit is $10,000, but there is no restriction to the amount that you can withdraw after you have done so.

The fact that the Naga interface is a hybrid of a social network and a trading platform sets it apart from any other product now available on the market. As is the case with Facebook, it enables you to build a profile and provides a timeline on which you may publish messages relating to trade. Those who wish to trade the markets professionally should not come here with the expectation of finding a user interface that blows their minds. Despite the fact that the user experience of the site is better suited for novices who like to maintain a social atmosphere while also engaging in business transactions.
Tweets by naga_global
If you are accustomed to the more professional design of other trading platforms that maintain things more conventional, like Binance or Bybit, you may find the trading perspective on Naga to be odd and perplexing, despite the fact that it is simple to use. The fact that you are provided with a feed that contains news pertaining to the specific asset or currency that you like to trade is a beneficial aspect of the Naga trading website. This is something that is quite useful in some circumstances due to the fact that news is highly vital in trading. Your order tab is located on the right side of the screen. Although it is quite straightforward, the design still has certain inaccuracies; for example, some of the buttons do not convey their functions adequately and may initially lead to misunderstanding.

If you come from a crypto background, the site also has its own cryptocurrency exchange, where you may discover a location that seems comfortable to you. If you wish to convert fiat currency to Bitcoin or any of the other accessible cryptocurrencies, you may use the straightforward but functional Naga crypto exchange.

You have the option of storing cryptocurrencies on the Naga exchange in their specialized cryptocurrency wallet, in which case the exchange will keep your cryptocurrencies on your behalf. This is beneficial for those who are just starting out in the cryptocurrency market and are unwilling to be as careful with their funds as would be required to store them personally.

When you are thinking about exchanging ideas, it may be extremely exciting to have a social component on the platform you are using, and adding a messenger to the site allows you another level of engagement to participate in.

Because there are so many different marketplaces for trading, it will be challenging to investigate all of the products that are available on the site. The vast majority of trading instruments have reasonable costs attached to them, which creates an atmosphere that is conducive to trading.

Because it offers traders access to such a wide variety of markets and choices, Naga is often regarded as the most diverse trading platform currently available. You are able to trade foreign currency, cryptocurrencies, stock CFDs, indices, commodities, futures, and exchange-traded funds (ETFs) on the platform. The sheer number of available choices is enough to sate the requirements of even the pickiest dealers. They also have an auto-copy feature that allows users to pick other traders and follow the deals they make.

Standard market orders and limit orders, together with stop loss and take profit, are available on Naga. In this part, there are not a lot of options, but they are the ones that are utilized the most frequently. You won't find any sophisticated order types on the platform, such as OCO or Iceberg, which makes it fairly restricted in terms of the order types it supports.

A mobile banking application for Android and iOS called Naga Pay was only just made available by Naga for its European customers. This is the next stage for the Naga Card, which, if you want a real card, you may get straight from the website. If you have any questions, feel free to contact us.

Is Naga a scam? The fact that it is regulated by CySec guarantees that it is not a fraudulent scheme. Naga is a reliable trading platform that offers all of the available alternatives for deposits and withdrawals, markets, and social trading. The site also has unique technologies that make investing and trading more convenient.

Once you get used to it, copy trading on the Naga platform can be a lot of fun, but getting started with it may be intimidating at first because of all the possibilities that are accessible. This is the trading platform you should consider using if you're seeking for one that offers a really varied selection of markets to choose from and is capable of covering all of them.

Naga is the place for you if you are more of the type of person who just wants to replicate and use the automated tools that are accessible on the platform. Remember that the platform has strong restrictions as well as a Know Your Customer approach. Try out the demo account first before committing to trading on Naga if you are undecided about whether or not you want to use the platform for your business.

You are going to run into a number of different cryptocurrency exchanges as you search for various opportunities to invest your money. Although these platforms only enable you to trade cryptocurrencies, you may be interested in more comprehensive platforms that provide extra features, such as the ability to trade FX, invest in stocks, or even engage in social trading. One of these platforms is known as Naga.

In this study of Naga, I will provide an overview of the whole spectrum of information pertaining to the organization. In addition, I will concentrate on the several services that are made available by the site, which include investments, social trading, a cryptocurrency exchange, and the Naga wallet.

However, before we go any further, you need to be aware that this evaluation of Naga will focus more on the cryptocurrency exchange platform offered by Naga and less on Naga itself.

Naga is a financial technology (Fintech) firm with the mission of effecting change in the world via the decentralization of financial technologies and the provision of access to a wide range of technologies for usage by regular people. Traders should be able to make selections with self-assurance if they take use of the tools that Naga is giving for them.

Now, a little bit more about the background. Yasin Qureshi and Benjamin Bilski are responsible for the launch of Naga in the year 2015. That was the year in which they presented Naga trader for the very first time, together with the social trading platform that it offered. One year later, not only did they succeed in obtaining money from one of Germany's oldest private banks, Hauck & Aufhauser, but they also won the prestigious "Finovate Best of Show" award in London, which was presented to them the previous year. A little while after that same year, the business debuted the Naga trader and documented the very first financial transaction.

In March of 2017, the business was awarded major international finance from FOSUNInternational in the amount of $14 million. In addition to this, as the year came to a close, it was ranked as one of the top 50 initial coin offerings (ICOs) of all time since it had successfully raised more than $50 million.

Benjamin Bilski, the creator of Naga, was just included on the Forbes list of 30 under 30 in the technology industry, which is an amazing development. The Naga wallet was first made available in the same year. At first, it was compatible with all of the main cryptocurrencies as well as any token that used the ERC-20 standard.

At the tail end of 2018, the Naga cryptocurrency exchange was given its debut under the name Nagax. Initially, it was released as the beta version for the purpose of testing, and there were zero transaction costs associated with trading. Users have access to a selection of the most prominent cryptocurrencies available at the time, in addition to traditional currencies such as dollars.

People who are interested in social trading, investments, cryptocurrency, and a variety of other services that the firm offers may now take advantage of Naga, which has become a very well-known platform in recent years.

The company's primary objective is, and will continue to be, to supply traders with all of the instruments that they want to make investments with complete self-assurance, as well as to continually introduce new products and services to the market. It goes without saying that it appears to be expanding and getting better every year.

As has been established, Naga is not your typical cryptocurrency exchange; rather, it provides its consumers with a wide variety of additional services. If you choose to use Naga, you should be aware of the many choices available to you, even if you do not plan to utilize every single one of them. The key services provided by the company are listed below for your convenience. According to the feedback of other users, these are the primary advantages of using this platform over others.

When it comes to making investments, Naga gives you the ability to choose between several marketplaces and platforms. The following are the available market options:

FX pairings. When it comes to foreign exchange (Forex) trading, the platform offers more than 500 different instruments to choose from. In addition to this, it charges you very little in the way of fees and has a very short execution time.

Real stocks. You have access to a selection of more than 400 different stocks, there are no commissions or other hidden fees, and the orders are carried out in a very short amount of time.

Indices. When referring to the collection of stocks that comprise an index, which is often referred to as index trading, this term is used. They may be traded in the same manner as equities or foreign currency. You have access to more than 20 different instruments on Naga, and the service prices are quite affordable.

CFDs on equities. You have access to a selection of over 400 different equities for your contract-for-difference trade. Your choices include contracts for difference (CFDs) from significant countries such as the United States of America, Germany, and the United Kingdom.

Cryptocurrencies. You will have access to more than eight of the most prominent cryptocurrencies, and you will also be provided with a digital wallet that will enable you to store your assets in a more safe manner. As we get farther into our examination of the Naga, we will concentrate more on it.

Commodities. It opens up new possibilities for you to make money trading. You have the ability to engage in trading for a variety of global commodities that are made available on the site. To reiterate, the costs are really reasonable.

ETFs. Make a profit by selecting from among a large pool of exchange-traded funds, selecting from among more than 500 different instruments, and so on.

Futures. Begin trading futures and contracts for difference (CFDs) in indices and commodities. Because it is based on guessing what the price of an underlying asset will be in the future, futures trading may be considered highly high-risk. Because of this, it is most strongly suggested for more experienced traders rather than those just starting out in the trading industry.

Investing may be done on a variety of different platforms these days as well. Each one of them is quite unique and possesses qualities that are undeniably appealing. You are free to select only one or to make use of them all simultaneously. Permit me to provide a condensed introduction to each of them:

Desktop computers as well as mobile devices may use the MetaTrader 4/5 platform. Trading in contracts for difference (CFDs) is available across all markets, and a copy trading function is also available.

MT5. You may almost do the same thing as you would with MT4, but in addition, you can take advantage of genuine stock trading.

Naga web app. The Naga web app has a wide variety of additional functions in addition to the ones that have been discussed in the preceding paragraphs. This features a news feed, leaderboard, auto-copying, messaging, signals, portfolios, and blogs.

Naga iOS/Android app. It includes all of the functions that are given by the Naga web app as well as a radar that enables you to identify other Naga users that are nearby and interact with them.

I have just discussed the most important aspects of each platform; thus, if you are interested in learning more, you should go to the official website of Naga and read more about the many investment platforms it offers.

eToro is perhaps the first firm that comes to mind when you hear the term "social trading," and with good reason. This is due to the fact that it was one of the very first platforms to offer such a service, and it went on to become one of the most successful platforms of its kind. Even though Naga was not introduced to the market until 2015 and eToro has been there since 2010, this does not imply that the services offered by Naga are not as cutting edge as those offered by eToro.

Per the possibility that not all of you are familiar with social trading, allow me to elaborate. Not only can you duplicate transactions when you engage in social trading, but you can also communicate with other users and have conversations regarding the most recent markets and outcomes.



Auto copying is one of the primary benefits that come with using social trading. This feature gives you the ability to automatically imitate the trades of skilled traders while also gaining knowledge from their strategies. Because Naga makes it possible for you to view the statistics of every trader, you are free to select the trader you want to work with based on their track record. Obviously, you get to choose how much money you wish to put into the venture. You may "auto replicate" the most successful traders by looking for them on the "leader board."

You have a chance of being one of the most successful traders if you are an experienced trader and if you know what you are doing. If you make use of all the resources supplied by Naga and consistently keep up with the news, you will increase your chances of succeeding. Having said that, if you establish a plan that is successful, you may profit from the fact that other people are following in your footsteps.

In addition, you are able to interact with other individuals who share your interests and learn from one another. You will be able to achieve it with relatively little effort using Naga messenger. Make use of it to quickly make investments, discuss your experiences and analyses, and more. You are able to have private conversations, as well as form groups and public channels, just like with any other messaging service.

It is time to move on and talk about some other key features now that you are fully informed on all there is to know about the social trading feature that Naga provides for its users.

It is common knowledge that you should avoid keeping your assets on the platform if at all possible. You could choose for a wallet that has a high level of security instead. You are aware that Naga provides a variety of services. This includes a purse or wallet as well.

Because it is absolutely free, the Naga wallet comes highly recommended as a place to store both your cryptocurrency and your fiat assets. In addition to this, it is compatible with both Windows and iOS. You may get the full version by downloading it from Google Play or the App Store.

While you are using the Naga wallet, you will be able to keep tabs on both your cryptocurrency and your fiat assets by using charts. In addition to this, you may perform quick transactions and send and receive cryptocurrency using an email address that you have registered. Additionally, you may immediately begin trading after transferring your assets to the account provided by Naga Trader. In addition, if you are using the Naga wallet, you have fast access to CFDs in a variety of markets, including stocks, FX, indices, commodities, cryptocurrency, and many more. It would appear that you have an almost unlimited number of choices.

You should be aware that there are four distinct choices available to you when it comes to the wallets that you may use for bitcoin transactions. This includes ones that are completed online, on software, on hardware, and on paper.



It should come as no surprise that online wallets are the ones with the lowest level of security. Because your private keys are stored online in these wallets, they are sometimes referred to as "hot" wallets. This is because if the platform were hacked, your private keys would not be as well protected. Even though hardware wallets and paper wallets are more secure than software wallets, software wallets are still not as secure as hardware wallets.

Paper wallets are frequently regarded as the most safe and recommended type of wallet; yet, it is simple to misplace a piece of paper with your financial information. Having said that, if you are seeking for the greatest option, I would recommend going with hardware wallets instead of software wallets. Currently, the Ledger Nano X and the Trezor Model T are the two solutions that are suggested the most, so if you want to be sure that your assets are safe, you should think about purchasing one of those two.

After we've covered everything there is to know about the wallet in this Naga review, it's time to move on and take a cursory glance at the exchange.

In addition to these other services A platform for trading cryptocurrencies called Nagax is also part of the Naga ecosystem. I have a strong suspicion that the vast majority of you came to read this evaluation of Naga in order to acquire further information regarding the trade.

The Nagax exchange includes a user interface that is very easy to use, robust security, extremely rapid processing, and a great deal of other desirable characteristics. Additionally, it accepts fiat money, which means that acquiring Bitcoin, Ethereum, or any other cryptocurrency will be quite easy.

There is one more item that you might be interested in before we zero down on the exchange as the primary subject of this Naga review. The review of the Naga coin concludes here.

In December of 2017, Naga coin was introduced to the market. It is a decentralized coin with the goal of filling the void that currently exists between the traditional financial market and digital money. The initial coin offering (ICO) of the cryptocurrency was successful in raising $50,000,000 from 63,000 participants at the time of its introduction.

When I started writing this assessment of the Naga coin, its price was barely $0.053138 USD. The currency has since increased in value. There are a total of 77,910,266 NGC in circulation, and the average daily volume is $3,738.02 USD.

The value of the currency on the 31st of December, 2017, was $4.33 USD, despite the fact that it is currently only worth a relatively little amount. It is impossible to predict whether or not the price of NGC will once again hit its all-time high. This is the case with all other currencies and tokens as well.

This Naga review, as was said at the beginning of the analysis, is more concentrated on the exchange than it is on the other services that the business offers. You are already familiar with the most significant services that Naga has to offer, and you are also familiar with NGC; thus, it is time to proceed to the most crucial component, which is Nagax.

Since Nagax was newly released in 2018, it may be challenging for you to locate different evaluations of the Naga bitcoin exchange. You will, nevertheless, be pleased to learn more about it because it possesses such a large number of appealing characteristics.

This evaluation of the Naga crypto exchange will, like all the others, provide a discussion of the platform's advantages and disadvantages, fees, and extra details to help you choose whether or not it is appropriate for your requirements. Get right to it if you want to learn more about it.

When selecting a trading platform, it is essential for every trader to pay close attention to the costs associated with trading on that platform. There are several trading sites that handle fiat currencies and allow users to buy cryptocurrencies; however, some of these platforms demand substantial fees. There are situations when the difference can even be as much as three to five percent. On the other hand, if you want to make the most money possible, you shouldn't use platforms like these.

When it comes to currency exchange, the costs charged by Naga are among the most competitively priced available. The charge for makers is 0.15 percent, while the fee for takers is 0.25 percent of the transaction's total value. The maker is the one who injects new liquidity into the market, while the taker is the one who accepts the offer made by the maker.

However, you should also be aware that there are certain sites that provide costs that are nearly undetectable during trading, but then charge you substantial fees when you want to withdraw your money. Always keeping an eye on the specifics is the best way to prevent anything like this from occurring.

When it comes to the Naga withdrawal costs, you won't find yourself in any unexpected situations. The only fees the corporation collects are for the use of the network, which are often not particularly high.

If you want to be ahead of the competition at all times and be able to track all of the shifts that occur in the market, then you absolutely want a mobile application.

It is likely not going to come as a surprise to you that both Android and iOS users may download an app from the Naga website. On Google Play, it has received a rating of four out of five stars. The vast majority of clients are satisfied with the services that they give, despite the fact that they might be improved.

It has been said that the Naga app features an uncomplicated user interface and is simple to operate. On the other hand, as was to be expected, the majority of users find it useful as a result of the features that has already been covered in this review of Naga. This contains features such as copy trading and the ability to select the amount of money you want to trade. Additionally, many people are taken aback by how simple it is to register for an account and add funds to it.

If, at this point in time, you do not already possess any cryptocurrencies, you will need to make a purchase of any before you can begin trading on the site.

Because deposits and withdrawals may be done using fiat currencies, such as the Euro and the United States Dollar, using the Nagax exchange makes it simple to carry out the aforementioned task. Additionally, you may use your credit card to buy Bitcoins, Ethereum, or any other coin that is available on the site. This is another benefit.

On the other hand, if you already possess any cryptocurrencies, it will not be difficult for you to transfer them. Just make sure that support for them is available on Nagax.

While the Naga exchange does provide several extremely appealing features and outstanding functionality, it does so at the expense of other areas, which cause it to fall short of its potential. Let's have a look at what they have to offer.

When selecting a service, you should always check to see if it is offered in your region before committing to using it. Whether this comes as a surprise or not, US investors are unable to own Naga. This is because of the stringent regulations that the United States has placed on cryptography.

When it comes to prioritizing, I always emphasize safety. Not only is this true when discussing secure cryptocurrency wallets, but it is also true when discussing the platforms themselves.

When it comes to the safety precautions that the platform takes, I was startled to find out that Naga does not disclose a great deal of information. They only discuss the protection against losses that prevents you from falling below the amount that you choose to establish yourself.

In light of the foregoing, if you do want to make use of this platform, it is strongly recommended that you store at least some of your assets in a trustworthy hardware wallet.

The Nagax exchange is undeniably one of the more user-friendly platforms available. Permit me to walk you through the process of creating an account on the Naga exchange as well as making a deposit in the quickest and most efficient way possible.

To begin, let's go ahead and set up an account.

Step one is to visit the official website of the Naga exchange.

Step 2: In the upper right-hand corner of the screen, you'll see a button labeled "Sign Up."

Step 3: After entering your first and last name, username, and password, as well as your email address, country, and phone number, click the "Sign Up" button.

Step 4: At this point, it will be necessary for you to validate your phone number. You will be able to accomplish this simply inputting the four digits that were sent to you on your phone.

The fifth step is to begin using the platform.

Because fiat currencies are accepted at Naga, along with the ability to buy cryptocurrency using Bitcoin, Ethereum, or any other platform, making a deposit is a breeze.

First things first: log in to your account.

Step 2: Navigate to the right side of the website and select "Upgrade now" from the menu that appears there.

Step 3: Provide all of the essential information, including your personal data, information about your work, and your trading knowledge.

Step 4: Click "Fund account" and select the deposit method after you have completed the previous step of upgrading your account.

The fifth step is to make a confirmation after entering the amount of money that you wish to deposit.

The Naga platform is an expansive one that provides users with a variety of services, such as investments, social trading, FX trading, a cryptocurrency exchange (Nagax), and plenty more. Despite the fact that the platform possesses a great deal of functionality, the interface is always easy to understand.

NAGA is a social investing network that allows clients with varying levels of experience to trade, like, share, and copy investments on over 1,000+ trading instruments. These trading instruments include CFDs on Forex, CFDs on Commodities, CFDs on Cryptocurrency, CFDs on Shares, CFDs on Indices, and CFDs on Metals.

I observed that the trading circumstances offered by NAGA were quite competitive. These conditions included low fees, swift transaction execution speeds, narrow spreads, and a range of customizable choices for financing accounts.

You have access to a variety of user-friendly trading platforms that are optimized for use on the web, on desktop computers, and on mobile devices. You won't have to pay anything to use these platforms, and they come loaded with useful trading tools and instructional materials to assist you in carrying out your day-to-day trading operations.

People who are interested in learning how to trade themselves while also copying the strategies of the most successful traders will find Naga to be an excellent choice.

They make it possible for everyone to trade on the global financial markets, make investments in digital currencies, and send and receive money using their own individual NAGA card and payments account.

NAGA is a cutting-edge online broker that provides a multi-asset investing app with an integrated social network. Through this network, users are able to like, share, and copy investments on over 1,000+ trading instruments, such as CFDs on Forex, CFDs on Commodities, CFDs on Cryptocurrency, CFDs on Shares, CFDs on Indices, and CFDs on Metals. NAGA also offers CFDs on Forex, CFDs on Commodities

Yasin Qureshi and Benjamin Bilski established NAGA in 2015 with the goal of simplifying the process of investing and enabling traders all over the world to obtain quick and simple access to the global markets. Over the course of my time with the firm, I have observed how diligently the staff works to meet the needs of traders of all experience levels with regard to technology, resources, and support.

Because there is such a wide community surrounding NAGA, inexperienced traders have the opportunity to broaden their trading horizons while more seasoned investors may earn rewards for helping others learn. It is a place where you may engage in conversation with others who have similar interests with you, debate the current state of the market, and share your findings through the private or public chats of your choosing.

Traders are strongly advised to avoid risking money that they cannot afford to lose and should instead make use of the wide variety of risk management resources and instructional resources that are freely accessible to them.

The NAGA social trading platform serves as the hub from which users may communicate their trading experiences with one another and make investments in the accounts of other users. I had no trouble navigating the community, seeing profiles, searching for trading signals, viewing over 1,000 trading assets, studying charts, doing in-depth market research, and doing a great deal more.

Every user has a profile page that compiles trade statistics, displays outcomes as a percentage, lists the number of auto-copiers, and includes any other important performance indicators from the statistics tab. Through the feed tab, users are able to remain current on posts and activities across the network. The accomplishments page allows you to keep track of planned trade objectives, as well as evaluate previously accomplished goals and incentives.

You are able to share your analysis with the community of traders on NAGA messenger, as well as keep up with the experience of other traders within the community, and invest with only the press of a button. You are able to add friends for direct messaging, organize group conversations, and join thematic public channels that are managed by professionals. All of these features are accessible through the app.

You won't have to go to any trouble to take use of this cutting-edge platform's user-friendly, intuitive design. This will allow you to have a pleasant, hassle-free experience.

You have the option of using the NAGA web platform or the NAGA mobile app. Because of this software, I don't even need to take my phone out of my pocket to have fast access to the financial markets across the world; all I have to do is take out my phone.

You will also get access to the widely used online trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) thanks to NAGA. The MetaTrader platforms are well-known for their user-friendliness and their wealth of technical indicators, both of which enable users to do in-depth market research in a straightforward manner. One of the aspects of the platforms that I appreciate the most is the fact that they allow for automatic trading by means of the employment of expert advisors (EAs) and offer a sizable online community in which traders can exchange MetaTrader tools. I have never experienced any issues when operating my automated systems, and I have been doing so for many years. In addition to this, there is an integrated MetaEditor that allows programmers to design their own own customized trading tools.

MetaTrader may be downloaded for use on desktop computers, or it can be used online as a web platform that is compatible with the vast majority of today's web browsers and does not require the user to download or install any extra software. If you want to trade while you are on the move using your Android or iOS smartphone, you may use one of the MetaTrader mobile trading applications. These apps are available for both Android and iOS.

You will get access to a number of important MetaTrader features, including the following:

Price quotations updated in real time in the market watch window
Level 2 depth of market pricing
Multiple chart periods
Several distinct styles of charts
Order types include instant, pending, and limit.
Set your breakeven point, stop loss, take profit, and trailing stop orders.
Various drawing tools and technical indicators for doing market analysis
User interface that is completely modifiable
Chart templates that you may create, save, and load
MQL programming interface for the development of individualized tools
Trading done automatically via the use of professional advisors (EAs)
In the strategy tester, you may do back testing on EAs using historical data.
Free to use in all online browsers, desktop applications, and mobile applications

In order to aid you in the execution of trade activities, NAGA gives you access to a wide range of trading tools, both standalone and integrated. I believe there is a sufficient selection, and I discovered that some of the tools are exclusive to them.

Those of you who are enthusiastic in copy trading will find the NAGA Autocopy program to be an invaluable resource. You may use it to discover another trader on the leader board whose trading strategy you wish to duplicate, and then you can easily replicate their trading behavior with just a few clicks. It will be copied over to your account if they make a deal.

You are able to duplicate any number of traders at the same time, with no limits. Until either you make a conscious decision to suspend it or the master trader ceases to engage in trading activity, autocopy will remain active and running in the background.

You may even provide your own trading signals to other investors so that they can replicate your success. When users provide their trading signals to be copied by other users on the NAGA platform, they are given the opportunity to collect quick copy trading pay outs in their account. They provide a wide variety of copy trading services as well as social trading solutions.

NAGA maintains its commitment to transparency by making all of its online profiles accessible to the general public so that they may be seen, followed, and copied. Every user profile stores important information such as win rate, performance, assets transferred, and a great deal more besides. The fact that there is a top trader's leader board that displays the best indications based on performance is something that really appeals to me. Both newcomers and established customers have the ability to replicate these techniques.

Those individuals who do not have the necessary time or skills to trade on their own may benefit from making use of this instrument. However, there are no assurances as to how well the signals will work, and one should not use the results of the signals in the past as an indicator of how well they will function in the future.

You are able to simply calculate margin, pip value, and swaps for the instruments that you trade using the all-in-one NAGA calculator. These calculations are dependent on the position size and leverage that you use. When compared to having to manually execute the hard computations, this can save time.

NAGA supplies an economic calendar from MetaQuotes. The forthcoming global economic releases and market events are listed on the calendar along with their respective dates and times. You will be able to view the outcomes of the releases in the past, as well as forecasts and actuals, along with the currency that will be affected. Traders may stay informed about the most recent market moves by using this calendar, which can be helpful as part of a fundamental analysis and keeps traders up to date. I make it a habit to check in on the state of the markets on a regular basis since doing so can assist me in making judgments.

By subscribing to these free price and volatility notifications, you won't need to worry about missing out on any potential trading opportunities. You may set up a price alert to be alerted if there is a change in the cost of products or services. Your online trader or the NAGA mobile app (available for iOS and Android devices) will notify you when an alert has been triggered. If you do not always have access to the platform, you may alternatively have them sent to your email inbox.

A VISA debit card, an IBAN account, a brokerage account, a copy trading tool, and crypto-wallets are all included in NAGA Pay. Because of the widespread acceptance of VISA debit cards across the world, the NAGA Pay app may be used to make payments at more than 140 million retail locations.

Users of NAGA Pay, a single money app that is compatible with both iOS and Android smartphones, are able to conduct bank transactions and send dollars to pals inside the app network for free. In addition, customers have the ability to imitate the transactions of other top investors as well as invest in stocks, ETFs, and cryptocurrencies with just one touch.

The instructional resources provided by NAGA can aid novice traders in developing their market analysis skills and understanding of trading, both of which can be improved. They were straightforward and covered a wide variety of topics, which made them easy to learn for me.

NAGA hosts daily webinars that are available in a variety of languages. A wide variety of trading-related subjects, including fundamental and technical analysis, market perspective, and more, are discussed in these webinars.

You may learn more about the markets, trading, and investing, as well as the many products and services that NAGA offers, by using the extensive library of eBooks and video courses that they give on their website. They create and gather instructional information with the goal of assisting you in enhancing your trading talents and gaining more self-assurance in your day-to-day trading operations.

No matter what kind of trader you are or what kind of trading you are interested in, NAGA has a broad variety of potent assets for you to choose from. The traders at NAGA have executed millions of transactions across more than a thousand different assets, including stocks, forex, indices, commodities, cryptocurrencies, and many more. You just need one account and platform to manage your investments across numerous marketplaces. I am astounded by the fact that they even permit investment in genuine equities, making it possible for users of NAGA to purchase and sell shares of the world's most successful public firms.

There are major, minor, and exotic currency pairings available for trading on the forex market. Some examples of these pairs include EURUSD, GBPUSD, USDJPY, USDCHF, EURJPY, USDCAD, and EURAUD. The required margin differs based on the currency pair that is being exchanged. Trading foreign exchange does not incur a commission fee because dealers make their money off of the spread. On the EURUSD, these spreads can range anywhere from 0.7 pips to whatever you want them to be. Long and short swap fees are also applied to foreign exchange transactions.

Bitcoin and Ethereum are among the cryptocurrencies that are now available for purchase through NAGA. There is no charge for the commission, but the spreads are marked up and might change. A fee is also assessed for long and short swap.

The France 40, the Germany 30, the Japan 225, the Netherlands 25, the US Tech 100, the FTSE 100, and other indexes are among the most widely followed on the international market. The minimum required margin varies considerably from index to index. There is no price for the commission, but there is a fee for the long/short swap as well as a changeable spread.

NAGA provides clients with access to hundreds of stock CFDs from firms all around the world, including well-known corporations like as Amazon, Apple, Facebook, Google, Microsoft, and Tesla, amongst many more. The majority of stocks have a nominal commission fee attached to them. A spread and a charge for long/short swaps are also included in the total.

Trading in commodities such as silver, gold, and oil are all available through NAGA. The criteria for margin might differ from one instrument to another. There is no price for the commission, but there is a fee for the long/short swap as well as a changeable spread.

The DAX30, Euro Stoxx, IBEX 35, Swiss20, and many more indices and commodities all have futures markets on which investors may speculate and trade. The requirements for margin might differ from one futures contract to the next. Trading futures does not incur any commission costs; nonetheless, there are fees associated with short/long swaps and spreads.

ETFs such as the Spdr DJIA ETF Trust, the Ishares Msci Emerging Markets ETF, the Ishares Msci EAFE Index ETF, the Ishares Msci Pac X-JP ETF, the Ishares MSCI Spain Capped ETF, the Ishares Taiwan Index ETF, the Ishares South Korea Index ETF, and the Ishares Brazil Index ETF are all available for trading through NAGA. ETFs are subject to a very modest brokerage fee. In addition to this, there are costs associated with spreads and long/short swaps.


NAGA provides customers with the ability to trade in many currencies through accounts that have quick order execution speeds, therefore guaranteeing the most competitive market pricing at all times. Additionally, they provide affordable fees, flexible spreads, and 0% commission on a number of different assets.

There is just one kind of account available to retail traders. In comparison to selecting one of numerous accounts with only subtle changes, I favor this option. It indicates that everyone may obtain access to the same account features, regardless of the level of their initial investment in the company. Trading stocks, FX, and commodities is made instantly accessible when you use a single NAGA account for all of your trading needs. You may trade indices, FX, stocks, crypto CFDs, and a lot more using this platform. Both traditional currencies and cryptocurrencies can be used to fund your account.

By making use of the account, you will be granted access to the NAGA platform and community, together with all of its features and a comprehensive selection of trading instruments. Before creating an account, you have the option of utilizing the system in a guest mode so that you may get a sense of how it works. You may acquire this information on the NAGA website.

The maximum leverage available through NAGA Global is 1:1000, but the maximum leverage available through NAGA EU is 1:30.

You may lock in an additional profit with the help of the NAGA Popular Investor Program if you are an active trader who also has a lot of followers. Because of the Popular Investors' Fund, if other traders on the NAGA platform automatically copy your trades, you have the potential to earn up to one hundred thousand dollars each month as a NAGA Popular Investor.

To become a member of NAGA Feed, all that is required of you is to have a minimum of 500 monthly active auto copiers, to carry out 5 trades each week, to have a win auto copy ratio of at least 70 percent, and to publish at least 2 postings on the feed each week.

NAGA Popular Investors may become members of exclusive clubs that each come with their own unique set of privileges, with the level of membership determined by the number of auto copiers and the number of transactions completed.

Traders who sign up for the NAGA Achievements program are eligible to get a prize whenever they advance to a higher level. Your chances of becoming a NAGA Influencer and receiving even more special benefits will increase in direct proportion to the volume of trades you do. In addition to lower spreads and charges, other benefits include a bonus for each trade that is duplicated, daily trading alerts, and access to webinars.

NAGA is extremely customer oriented and provides customer service by online chat, telephone, and email around the clock, seven days a week. They are accessible to answer any questions you may have, assist you with any problems you may be experiencing, and listen to any feedback you may have to ensure that they continue to introduce more relevant tools and features to better the entire experience of social trading. In addition to that, there is a support center that addresses a wide variety of frequently asked questions. They give telephone numbers for contact in a variety of nations located all over the world. Throughout the years that we have been in communication with one another, I have consistently gotten outstanding assistance from them.

NAGA gives you a number of easy-to-use options to choose from when it comes to depositing and withdrawing money from your trading account. I like that there is a big selection of additional 20 payment choices, such as wire transfers, credit and debit cards, and digital wallets like Neteller and Skrill.

Please be aware that some deposit methods may only be accessible in certain countries, and that not all deposit methods may also be used to withdraw money from your account. When using certain payment methods, you may be subject to additional costs levied by a third party.

Requests to withdraw funds are typically completed within the same day, or the next day if received outside of normal business hours. The amount of time it takes to receive your withdrawal might change based on the payment method and provider. While some means of making payments online can be processed immediately, clearing a bank transfer may take a few business days.

Be aware, also, that before you can submit a withdrawal request, the validity of the payment method you intend to use must first be established. Each and every Credit Card that was used to make the first deposit will be an option for subsequent withdrawals.

There is a possibility that certain payment methods have transaction limitations, restrictions, and requirements, all of which are detailed on the websites of such systems. In some countries, you might be required to validate your account before the restrictions on certain payment methods can be lifted. The NAGA does not permit payments to be made by a third party. Your trading account and your NAGA account must share the same name in order for any monies to be placed into your trading account.

It is possible to open accounts in a number of different currencies. When you use an account denominated in your native currency, you won't be subject to any costs associated with currency conversions. This is one advantage of the many currency alternatives.

The procedure of opening an account with NAGA is quite uncomplicated and easy to understand. You will be able to begin trading and depositing funds into your account as soon as you have satisfied the conditions for account registration and identification and your account has been validated.

NAGA is a financial technology firm that was established in 2015, and it gives customers the ability to access financial markets, store and trade cryptocurrencies, and invest in virtual products. The company is listed on the Frankfurt Stock Exchange under the name N4G, and it is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). Additionally, the company operates two entities that are regulated by both of these authorities.

Through its WebTrader platform as well as the widely recognized MetaTrader 4 and MetaTrader 5 trading platforms for Windows and MAC, the broker gives its customers the opportunity to trade on more than 950 different financial CFD instruments, including Forex, Indices, Commodities, Shares, Cryptocurrencies, and Exchange Traded Funds (ETFs). These CFD instruments cover a wide range of markets.

Customers have the option of selecting one of seven different account types, including Islamic (swap-free) and Demo accounts in addition to the standard Iron, Bronze, Silver, Gold, Diamond, and Crystal accounts. For the most majority of asset classes, trading takes place without the payment of commissions; the only exceptions are stock CFDs and exchange-traded funds. The expenses are openly disclosed and reasonable when compared to other options. Additionally, the broker does not charge any fees or commissions for trading cryptocurrency or investing in actual stocks.

It is possible to fund your account using a variety of different means, such as a debit or credit card, a bank wire, cryptocurrency, or electronic wallets like Skrill, Neteller, iDeal, or Giropay, among others. The vast majority of deposit methods do not incur any fees; nevertheless, most account types do have fees associated with withdrawals. Customer service is prompt and friendly, and agents are available by phone, email, and live chat from Monday through Friday, 9:00 am to 10:00 pm Eastern Standard Time (EEST). On the website of the broker is also a comprehensive Frequently Asked Questions section.

NAGA's social trading features, which include auto-copy, NAGA Messenger, and NAGA Wallet, are an essential part of the service that the company offers. Within the customer portal, there is not only an excellent area called "Feed," but also features for sophisticated search and notifications. Trading Central Signals, Market Buzz, an Economic Calendar, and NAGA Academy are some of the resources that are included in this extensive research and teaching content. The NAGA Group AG, a FinTech firm with headquarters in Germany and a public listing on the Frankfurt Stock Exchange, owns the trademark for the NAGA name. The firm is the operator of Naga Markets Europe Ltd, an entity that is approved by the Financial Conduct Authority and regulated by it (FCA).

The Cyprus Securities and Exchange Commission (CySEC) has granted authorization and regulatory oversight to the business known as NAGA Markets Ltd., which is operated by the corporation.

More than 950 financial CFD instruments, including Forex, Indices, Commodities, Shares, and Cryptocurrencies are available for trading on the NAGA platform, which provides clients with the possibility to trade on these markets.

In addition to Islamic (swap-free) and Demo accounts, NAGA provides its customers with the following primary account types: Iron, Bronze, Silver, Gold, Diamond, and Crystal accounts.

A new account may be created by a user in only a few simple steps, which are outlined below:

The following information is required upon registration: name, username, email address, password, country of residence, contact number, and entity.
Verification: Confirm that the contact number is correct.
Details about the individual, including their name, date of birth, residence, and nationality
Details Regarding Employment and Money You will be asked a variety of questions concerning education, employment, and finances, such as your annual income, highest degree of education obtained, source of cash, and more.
Experience in Trading: Please include your previous experience in trading with a variety of financial products.
Confirm that you agree to the Terms and Conditions.
Authentication of Identity: Please provide documentation to verify your identification (driver's license or passport) and address (utility bill or bank statement that is no more than six months old).

Customers from the United States of America, Canada, Israel, and the Islamic Republic of Iran are unable to open accounts with NAGA since these nations fall under a prohibited country category.
NAGA allows users to make deposits and withdrawals using a wide number of methods, including those using debit and credit cards, bank wires, cryptocurrencies, and e-wallets like Skrill, Neteller, iDeal, and Giropay, amongst others.

NAGA gives its customers the opportunity to trade using NAGA WebTrader as well as the well-known MetaTrader 4 and MetaTrader 5 trading platforms, both of which are available for Windows and MAC computers.

Through the NAGA mobile app, as well as the MetaTrader 4 and MetaTrader 5 mobile applications, customers of NAGA may engage in mobile trading while on the move. These programs are compatible with Android and iOS operating systems. Find the links to download the software in either the Google PlayStore or the Apple AppStore, depending on your device.

Social Trading, NAGA Messenger, NAGA Wallet, and the NAGA Card are just few of the trading tools that are available with NAGA. Users of NAGA's Social Trading are given the opportunity to benefit from the expertise of other traders by automatically copying their trades, interacting with peers who share similar interests, discussing the circumstances of the market in real time, and doing much more. Users need just log in, check the leaderboard, select the trader whose trades they want to duplicate, and then specify the amount they want to invest and their level of risk tolerance. This completes the auto-copy process.

Users are able to share their analysis and participate in a variety of public talks through the usage of the NAGA Messenger, which is the first trade messenger of its kind in the world. After successfully logging into the client portal, you will have access to this service. In addition, users have access to a free wallet that can store both cryptocurrencies and fiat assets, and it features an integrated exchange as well as a gateway to NAGA's social investment network. The ability for users of this wallet to save money on transaction fees by paying using NAGA's native cryptocurrency, NGC, is a significant advantage of the wallet.

The fees associated with trading with NAGA change based on the kind of account used and the market that is being traded. The majority of asset classes may be traded without incurring any commission fees, with the exception of stock CFDs, which have a commission rate of 0.20 percent, and exchange-traded funds, which have a rate of 0.1 percent each half-turn. In addition, there are no transaction costs associated with trading cryptocurrencies.

The broker does not assess any fees for dormant or inactive accounts. For non-Islamic accounts, often known as swap-free accounts, overnight financing or "swap" costs are levied on positions that are held open past 22:00 GMT. On Wednesdays, there will be an additional payment for a "swap" that lasts for three days if positions are held over the weekend.

NAGA provides customer assistance by phone, email, and live chat from Monday through Friday, 9:00 am to 10:00 pm Eastern Standard Time (EEST). Available languages include English, Spanish, German, Italian, Hungarian, Polish, Czech, and Portuguese. The website of the broker also has a comprehensive Frequently Asked Questions section, which provides information on topics like as Getting Started, Account Verification, Deposits and Withdrawals, Copy Trading, Cryptocurrency, and more.

Ariadnis 7, Moutayiaka, CY-4531 Limassol, Cyprus Phone Number: support@naga.com Address: Ariadnis 7, Moutayiaka, Cyprus
Address for electronic mail: +44 20 3966 4543

Through the 'Feed' part of the client site, which is also home to Trading Central Signals, Market Buzz, an Economic Calendar, and an Earnings Calendar, NAGA provides clients with access to a comprehensive selection of market research. The following provides a more in-depth explanation of each of these:

Feed is a feature that enables users to communicate with one another regarding their trades and views, obtain insights into the market, stay current with the most recent news, and more.
Trading Central Signals is a service that gives retail traders across several marketplaces access to real-time trading signals as well as market sentiment.
Market Buzz is an artificial intelligence news desk that focuses on the most essential stories for any specific instrument. It provides condensed news.
Maintain a current awareness of all upcoming and ongoing economic events and data releases by using the economic calendar.
Helps you keep track of forthcoming company actions and results on worldwide markets. Also known as an earnings calendar.

Through its 'Feed' platform, which enables users to discuss their trades and views, obtain market insights, and stay up to speed on the most recent news, NAGA provides a comprehensive spectrum of market research. Trading Central Signals, Market Buzz, an Economic Calendar, and other services are also made available by the broker.

Within the NAGA Academy, which comprises Articles, Tutorials, Webinars, Videos, and eBooks, NAGA provides access to a wide range of instructional tools for its members.

Within the NAGA Academy, which comprises Articles, Webinars, Videos, and eBooks, the National Association of Game Administrators (NAGA) provides users with a range of instructional tools. Each of them will be discussed in further detail below:

Articles: Includes a variety of in-depth articles covering a wide range of topics, including "What is Ethereum 2.0?," "Overview of Forex's leading currency pairings," and "Bitcoin Halving Explained," amongst others.
Webinars: Provides users with the ability to sign up for and participate in weekly webinars. During the time this article was written, some of the topics included NAGA Copy Trading Tips & Tricks and Introduction to Forex III.
Films: Several short videos covering a variety of topics have been released to the broker's YouTube channel. Some of these topics include auto-investing, technical analysis, forex fundamentals, trading education, and others.
eBooks: These exhaustive ebooks are offered by the Director of Education at NAGA and feature a variety of topics including Technical Analysis, Trading Tips, and Japanese Candlesticks. To view the whole ebooks, users will need to sign up for a real account.

The content that is offered in the NAGA Academy is not only vast and instructive, but it is also kept up to date on a consistent basis with the addition of new material. The themes are appropriate for both novice and experienced traders alike.

Clients can access over 950+ financial CFD instruments covering Forex, Indices, Commodities, Shares, Cryptocurrencies, and ETFs through NAGA's WebTrader platform as well as the globally recognized MetaTrader 4 and MetaTrader 5 trading platforms for Windows and MAC. This is part of the comprehensive service that NAGA offers its customers.

Clients can access over 950+ financial CFD instruments covering Forex, Indices, Commodities, Shares, Cryptocurrencies, and ETFs through NAGA's WebTrader platform as well as the globally recognized MetaTrader 4 and MetaTrader 5 trading platforms for Windows and MAC. This is part of the comprehensive service that NAGA offers its customers. Clients who are located in Europe can also take advantage of commission-free real-stock investing.

Users have the ability to select from seven different account categories, including Islamic (swap-free) and Demo accounts in addition to Iron, Bronze, Silver, Gold, Diamond, and Crystal accounts. The majority of asset classes offer commission-free trading, with the exception of stock CFDs and exchange-traded funds (ETFs), both of which charge commissions. In general, the total trading fees get reduced as the premium account level increases; however, this does imply that consumers will be required to make a bigger minimum deposit.

The client portal makes it possible for customers to access extra trading capabilities, market research, and instructional content all in one location, which makes it simpler for users to access a range of resources. In addition, the search field makes it a great deal simpler to look through the different traders, symbols, features, and frequently asked questions.

Overall, the broker provides low fees and spreads, a great platform for users who would like to copy the strategies of NAGA's top traders, 0 percent fees on crypto trading, quick and helpful customer service, and a large variety of financial instruments to trade. Additionally, the broker offers a large variety of financial instruments to trade.

NAGA is a financial technology firm that was established in 2015, and it gives customers the ability to access financial markets, store and trade cryptocurrencies, and invest in virtual products. The company is listed on the Frankfurt Stock Exchange under the name N4G, and it is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). Additionally, the company operates two entities that are regulated by both of these authorities.

Through its WebTrader platform and the widely recognized MetaTrader 4 and MetaTrader 5 trading platforms for Windows and MAC, the broker gives its customers the opportunity to trade on more than 950 different financial CFD instruments, including Forex, Indices, Commodities, Shares, Cryptocurrencies, and Exchange-Traded Funds (ETFs). These CFDs cover a wide range of markets, including Forex, Indices, Commodities, and Shares.

The Islamic (swap-free) and Demo account kinds are also available for customers to select from in addition to the six primary account types (Iron, Bronze, Silver, Gold, Diamond, and Crystal). Trading is done without the need to pay commissions for the majority of asset classes; the only exceptions are stock CFDs and exchange-traded funds. The expenses are openly disclosed and reasonable when compared to other options. Additionally, the broker does not charge any fees or commissions for trading cryptocurrency or investing in actual stocks.

It is possible to fund your account using a variety of different means, such as a debit or credit card, a bank wire, cryptocurrency, or electronic wallets like Skrill, Neteller, iDeal, or Giropay, among others. The vast majority of deposit methods do not incur any fees; nevertheless, most account types do have fees associated with withdrawals. Customer service is prompt and friendly, and agents are available by phone, email, and live chat from Monday through Friday, 9:00 am to 10:00 pm Eastern Standard Time (EEST). On the website of the broker is also a comprehensive Frequently Asked Questions section.

NAGA's social trading features, which include auto-copy, NAGA Messenger, and NAGA Wallet, are an essential part of the service that the company offers. Within the customer portal, there is not only an excellent area called "Feed," but also features for sophisticated search as well as notifications. Trading Central Signals, Market Buzz, an Economic Calendar, and NAGA Academy are some of the resources that are included in this extensive research and teaching content.

NAGA was established in 2015 with the intention of giving investors with a new social trading platform that would provide decentralized access to financial markets and make it possible for investors to like, share, and duplicate deals on more than 500 distinct financial products. The strategy has been rather successful thus far, as seen by the fact that NAGA currently has more than 500,000 active user accounts. In this NAGA Review 2022, we take a more in-depth look at the features that are available on the platform as well as the steps required to create an account. In addition to this, we will investigate how well suited NAGA is for businesspeople all over the world.

It is important to point out that NAGA is really comprised of two separate entities: NAGA worldwide and NAGA Europe. The latter caters solely to customers based in countries that are members of the EEA. Therefore, whether you are interested in platforms in Australia, New Zealand, Canada, or India, you will need to ensure that you register an account from your home country in order to have access to the subsidiary that is appropriate for your location.

Naturally, one of the primary focuses of our NAGA Review 2022 will be on the actual usage of the platform, including a discussion of its user interface, how simple and intuitive it is to operate, and, perhaps most significantly, how safe the platform is. When registering for a trading account with NAGA, consumers have the option of selecting from a number of different platforms. Notwithstanding this, all of these are connected through NAGA's exclusive social trading platform. Users may start researching the community, acquire insights into trading techniques, seek for trading signals, and scout out top traders to auto imitate here. Users can establish a profile page and start exploring the community here. In addition, NAGA provides traders with the market-leading MetaTrader 4 and MetaTrader 5 platforms, both of which are likely already familiar to the majority of traders. The MT platforms, taken together, provide users with access to a wide variety of professional tools, including technical indicators and other applications that allow for a more in-depth research of the markets.

The safety of NAGA's users and the confidentiality of their data is a top priority for the company, just as it is for any other trustworthy broker. Since the platform is based in Europe, it is required to comply with the stringent laws of the GDPR, and the site itself is encrypted using the most recent methods. Because NAGA also gives its users the option of using a cryptocurrency wallet, it is reasonable to assume that the company has made significant investments in the defense of its platform against a wide variety of forms of cybercrime.

The general atmosphere of the website left a positive impression with our NAGA reviewers as well. In spite of the fact that NAGA provides a vast selection of financial services, everything is put out in an understandable manner, and the trading platforms are well connected with the NAGA website.

To get started, you will need to sign up for NAGA and create an account for the organization. The first step of the procedure is not very complicated and consists of entering a few pieces of information. In addition, if you are creating an account from Europe, you have the option of registering with either NAGA Markets or NAGA Global. During the registration process, the platform will also ask you to choose a platform to use. NAGA offers two different trading platforms for MT, in addition to a web-based trader and a mobile trading app. After you have enrolled for one platform, you are free to switch to another.

When the verification process for your account has been completed successfully, you will then be required to add funds to your account. If you are utilizing NAGA Wallet, this may be accomplished through a variety of different channels, and accounts can be financed with either fiat cash or cryptocurrency.

Because NAGA is a social trading platform, one of the most significant benefits of using it is that it enables users to interact with the broader trading community. Therefore, before you make any commitments to trades, it is a smart idea to research a few trading tips, methods, and strategies that are employed by some of the industry's most seasoned professionals.

After you have registered for an account, funded it, and been familiar with the website, you will finally be able to start trading. At this point, it is essential to select the appropriate platform for your needs, which will, to a significant extent, be determined by personal choice. However, based on our analysis of NAGA, we believe that the proprietary online trader is the best place for trading newcomers to begin.

The variety of deposit and withdrawal options that may be used with NAGA is very astounding. The capability of the NAGA Wallet to accept deposits in a variety of currencies, both crypto and fiat, was one aspect that stood out favorably during our examination of the NAGA platform in 2022. When it comes to carrying out real transactions, the system is compatible with the majority of the prevalent payment methods. The most common electronic wallets, including as Sofort, Neteller, Krill, and Giropay, are accepted for both making deposits and withdrawing funds in fiat currency. Other common deposit and withdrawal methods include Visa and Mastercard credit cards, as well as wire transfers. With the exception of bank transfers, which can take anywhere from three to five business days to clear, there are no costs associated with making deposits using the methods described above, and cash should be deposited to your accounts immediately.

Withdrawals can be made using the same ways as deposits, and NAGA makes every effort to complete withdrawal requests within twenty-four hours. However, the amount of time it will take for the cash to appear in your account will be determined by the processing times connected with the method that you choose. As was stated earlier, there is a fixed cost of 10 GBP/EUR associated with each withdrawal.

In the course of doing our NAGA Review 2022, we were pleasantly surprised to discover that the platform charges extremely little commissions and fees. While there is no charge to pay for trading forex, cryptocurrencies, CFDs, or commodities, the commission rate for trading stocks is 0.20 percent, and the commission rate for trading ETFs is 0.10 percent. Naturally, commission-free trading will always be considered as a bonus, but most experienced traders will understand that this implies NAGA makes up for its expenses elsewhere specifically, in the spreads. Having stated that, despite this, our NAGA study discovered that the spreads were still rather competitive. For instance, the difference between the US dollar and the euro is now reported at 1.2 pips, which is very typical. You may, of course, discover brokers who provide tighter spreads; however, virtually without exception, they will be associated with brokers who demand a flat commission for trading.

Utilization of NAGA is subject to additional financial obligations. In spite of the fact that the platform no longer assesses fees for inactivity, our investigation was disheartened to discover that there is a fixed price of 10 GBP/EUR for withdrawals. This is a key concern for lesser volume traders, and it should be considered into tactics for determining profit and loss. Traders will also be charged a fee to use the auto-copy option while utilizing NAGA. This varies throughout the various markets and for the various pro traders, but the costs are either a flat charge of 0.50 GBP/EUR or 5 percent of the whole deal value, whichever is greater.

The next part of our NAGA Review will focus on the customer assistance options that are available through the platform. It is important to point out that NAGA is a social trading platform; as a result, there is a significant focus on the community, and users will find an extensive collection of articles and posts covering a wide range of topics, from how to use the trading platforms to the finer points of the NAGA terms and conditions. Having said that, NAGA continues to offer full customer support, with agents being available through phone, live chat, and email from Monday through Friday at all hours of the day. The website states that help is offered in the following languages: English, German, Spanish, Italian, Polish, Czech, Hungarian, Portuguese, Malay, Bahasa, Vietnamese, Thai, Chinese, and Farsi.

The regulatory qualifications of the platform are going to be a key consideration for our NAGA Review 2022. The Cyprus Securities and Exchange Commission has granted the brokerage firm the necessary licenses and regulations to operate legally. The fact that NAGA is subject to the stringent laws and restrictions established by CySEC should, as a natural consequence of this fact, reassure customers that they are working with a trustworthy and dependable broker. In addition to being subject to regulation by CySEC, the platform is also subject to the European MiFID financial harmonisation laws. These laws, which are effectively in place to boost customer protection by insisting upon financial transparency and promoting fair competition, were created in order to bring Europe closer together in terms of its financial markets. The Financial Services Authority of St. Vincent and the Grenadines has issued a license to NAGA Global, allowing the company to conduct its business.

According to the findings of our NAGA Review, the platform makes use of an extensive Know Your Customer (KYC) procedure, and each customer account must be completely confirmed before the user is granted full access to the trading platform. This helps ensure that users' accounts remain secure. Unfortunately, this also means that people from countries that are not permitted to have accounts, such as Australia, New Zealand, Canada, the United States of America, and India, will not be able to establish an account unless they have a registered address within the European Economic Area (EEA).

Before the debut of its social trading platform, NAGA had already acquired a reasonably solid name in the industry of financial technology and was already quite well known in the world of fintech. The feedback from customers is generally favorable, and there have been no reported security flaws with the platform as of yet. After taking into account the commission costs, our NAGA assessment discovered that the user's perception that the spreads are bigger than those on competing platforms was mainly erroneous. Some users have mentioned that the spreads are wider than those on competing platforms.

Because of the meteoric rise in popularity of crypto trading over the past few years, we believe that this is the best spot to begin our examination of NAGA. The site has a decent amount of success when it comes to cryptocurrencies, not the least of which is that it has its own token known as NAGACoin, which in 2017 was the 18th largest initial coin offering (ICO) in the world. In addition to trading bitcoins on the NAGA platform, customers now have the option of storing their cryptocurrency holdings on the site by using the native wallet. At the time of this writing, the platform supports trading in about 15 distinct cryptocurrencies, some of which include Bitcoin Cash, Ethereum, Dash, Litecoin, and Ripple. EOS is also one of the supported cryptocurrencies. While NAGA Markets Europe permits customers from any country in Europe to create accounts, NAGA Global serves customers from nations including Australia, the United States of America, Canada, and New Zealand.

Trading cryptocurrency pairings is a sort of derivative trading, which means that you do not actually own the asset that is being traded. On the other hand, NAGA enables you to make direct purchases of cryptocurrency to put in your wallet. Alternately, if you are more interested in holding crypto tokens, then it is worthwhile to check out our recommendations on crypto cloud mining sites and crypto mining software because all of these categories provide other options to increase your portfolio.

Since a large number of traders have worldwide interests, our NAGA Review 2022 will pay close attention to the jurisdictions in which the platform is permitted to conduct business. As was said before, NAGA essentially operates under two separate brand names. NAGA Markets Europe places a significant emphasis on the European market and restricts the availability of its brokerage services to nations that are members of the European Economic Area at the present time (excluding Belgium). In the event that you are establishing an account within one of these jurisdictions, you will be sent to the proper website automatically. You will also be sent to NAGA Global if you are registering an account in New Zealand, Canada, Australia, or India. These countries are all part of NAGA Global. The main difference is that customers based in Europe have the option of opening an account with either NAGA Global or NAGA Markets Europe when they join up for the service. At this time, NAGA does not provide its services in the United States of America.

When it comes to filling your account, there are no limitations imposed on cryptocurrency deposits or withdrawals. On the other hand, there is a minimum deposit requirement of 1 British Pound or Euro, and the maximum deposit amount is 10,000 British Pounds or Euros. In addition, the maximum amount that may be withdrawn is 10,000 GBP/EUR.

In the next part of our NAGA Review 2022, we will investigate a variety of additional financial products that may be traded on the platform. The following are some of the more than 500 assets that are available to traders in Europe:

CFD - there are around 600 stocks CFDs available across all global marketplaces.
Forex has a total of 47 different trading pairings, the most popular of which are EUR/USD, GBP/USD, JPY/USD, and EUR/AUD.
Commodities including oil, silver, and gold.
Futures There are presently 22 futures, some of which are the IBEX 35, Swiss20, and EuroStoxx Indexes Some of the indices that are accessible include the FTSE100, France 40, Germany 35, and US Tech 100
We found that this was a rather complete offering, and NAGA offers a full brokerage service. This means that in addition to trading in derivatives, you can also buy and sell actual stocks, cryptocurrencies, and commodities through NAGA. Nevertheless, NAGA's social trading approach is what truly sets it apart from other platforms. This makes it possible for even the least experienced users to enter the world of asset trading by enabling them to duplicate the deals and methods used by more seasoned traders.

The findings of our detailed assessment of NAGA indicated that the platform provided a complete brokerage and trading platform that should appeal to traders of all experience levels, from beginners to seasoned pros. The incorporation of a social trading feature is becoming increasingly standard across the sector; however, NAGA has really gotten a head start in this area, and the social aspect of the platform is already very well developed. It provides a wealth of information as well as a variety of entry points for those who are interested in trading. When it comes to obtaining analytics, industry data, and advanced trading tools, users have lots of alternatives thanks to the fact that they can move between different trading platforms. Lastly, the ability to transfer between trading platforms implies that users have plenty of options.

NAGA was founded in accordance with the laws of Cyprus, is governed by CySEC, and complies with European regulations. As a result, it provides users access to trade in financial markets, cryptocurrencies, stocks, and virtual items while also supporting the majority of major worldwide marketplaces.

Finding a trustworthy NAGA review, either locally or globally, may be a challenging procedure, particularly when it comes to locating a comprehensive list from a reliable and trustworthy source.

This in-depth evaluation of NAGA will assist you in making an educated decision regarding whether or not to register an account with them or engage in trading on their platform.

Recent investigations have shown that NAGA is a foreign exchange broker firm that operates out of Frankfurt, Germany.

Forex brokers are organizations that offer traders with access to platforms that enable them to purchase and sell foreign currencies. These platforms are known as forex trading platforms.

Retail forex brokers and currency trading brokers are both names that refer to the same type of business. In turn, retail currency traders employ these brokers in order to acquire access to the 24-hour currency market for the sake of speculating.

Institutional clients and huge corporations such as investment banks can also take use of the forex broker services that are available.

In the year 2015, Yasin Qureshi and Benjamin Bilski established NAGA in Frankfurt, Germany, as a financial technology startup. It was supported by the Chinese company FOSUN, which offers transparency over several aspects of the trade process.

The broker offers worldwide investors access to decentralized technology that connects them with markets all around the world, as well as the required assistance, so that the investors may increase their overall exposure.

The only mission of NAGA is to ensure everyone has access to financial services. It gives anybody the ability to access financial markets, store cryptocurrency, engage in trades and investments, and buy and sell virtual items.

In order to develop and broaden its network of goods, the organization consistently sets forth new objectives and tasks for itself.

Due to the fact that it is a FinTech firm, the software is excellent and will satisfy even the most particular traders. Additionally, the company offers online help, live news streaming, and complete analytical functions.

Only one account, simply called the NAGA Account, is available to traders that use NAGA. Traders will have access to a digital asset exchange, their own cryptocurrency wallet, and NAGA's native coin when they sign up for this account (NGC).

There are no costs associated with the account, and neither a commission nor interest is collected. The only thing left for you to do is sign up for a NAGA account and get yourself set up with a comprehensive, unified profile.

All of the major credit cards, cryptocurrencies, and alternative payment methods, such as e-wallets, are accepted by NAGA.

In February of 2019, NAGA announced the debut of NAGA Card & IBAN, a product that enables consumers to more easily manage their cash and pay for services or goods, all while enjoying the benefits of NAGA MasterCard.

Although NAGA does not mandate a minimum deposit amount for first-time customers, a sum of $250 is advised since it allows traders to participate in the majority of available marketplaces. There may be a predetermined minimum amount that must be available for transfer with each payment method.

No matter what method you choose to utilize in order to transfer money, Naga will cover any and all deposit costs. On the other hand, NAGA does not cover the cost of withdrawals.

Check with your payment provider to see if there are any changes that could be applicable owing to the international transfer regulations in case there are any changes that might be relevant.

The amount of money spent on trading is determined by a number of variables including fees, spreads, and margins.

The difference between the bid rate and the asking rate for a currency pair is known as the spread for that pair. A point of interest (pip) is the smallest possible change that can occur in a currency exchange rate. For currency pairs in which the Japanese yen serves as the term currency, one pip is equal to 0.01, but for all other pairs, one pip is equal to 0.0001.

Margin refers to the amount of money that must be present in an account before a position may be opened. The current price of the base currency in relation to USD, the size (volume) of the position, and the leverage that has been applied to your trading account are all factors that go into the calculation of margin.

Commissions are the fees that a trader must pay to an investment broker in exchange for the broker's assistance in conducting transactions on the trader's behalf. The amount of commissions charged will fluctuate from one broker to the next, as well as depending on the asset that is being traded and the kind of service that is being provided by the broker.

Traders often pay lesser commissions when they work with execution-only brokers, which are defined as brokerage firms that do not provide individual clients any kind of financial advice and that allow traders full discretion over the manner in which they trade the markets.

Trading contracts for differences (CFDs), a common type of derivative trading that enables traders to speculate on the rising or falling prices of rapidly moving global financial markets, will result in the payment of commission. Traders can speculate on the rising or falling prices of these markets by using contract for differences (CFDs) trading.

Trades in contracts for difference (CFDs) made on other markets don't incur commission fees, but they do add a spread on top of the price of the underlying asset.

No of the size of a trader's trading account, NAGA always has competitive spreads available to them. The EUR/USD pair typically has a spread of 1.2 pips, which is regarded to be a good spread when compared to other industry offerings.

Regarding the other kinds of products, you may get information about any fees or commissions associated with particular assets straight from the trading platform.

When employing social trading, all of the costs and the distribution of the profit between the master account and the copy account will be determined automatically.

The NAGA rollover or overnight fees are a cost that must be paid if the positions are held for more than one day. The amount of these costs is decided by the direction in which you trade, whether you are buying or selling.

Leverage refers to the facility that enables a trader to create a position with a considerably bigger exposure to the market in comparison to the amount of money that they first placed in order to do so. Leveraged products like this amplify a trader's potential profit, but they also raise the trader's potential loss, which is to be expected.

The level of leverage is typically stated as a ratio, such as 50:1, 100:1, or 500:1. If a trader has a trading account balance of $1,000 and is trading ticket sizes of 500,000 USD/JPY, then that trader's leverage is equivalent to 500:1.

In light of the fact that NAGA is a European broker, the company's product fully conforms with ESMA requirements and, thus, falls under current revisions to employ lower leverage levels.

Retail traders have access to a maximum leverage of 1:30, but professional traders can have access to greater ratios if their professional identity has been verified.

You may have access to adjustable leverage through NAGA, which enables you to better control and manage risks in accordance with the trading style that you like.

It is common practice for forex brokers to entice new traders with promises of enticing deposit incentives. This could be helpful, but it is very necessary to determine what a legitimate bonus is.

A bonus of this kind is just a method of compensating traders for selecting a certain broker, given that once the account is established, the trader will be subject to the same costs as any other participant in the market.

Once the trader has demonstrated that he is an active trader, he will be eligible to get the bonus, which is just a reward for the trader's decision and will reimburse part of the trader's costs.

In addition, the European Securities and Markets Authority (ESMA) has imposed investor protection requirements on the promotion, distribution, or sale of CFDs to retail clients as of August 1, 2018. These regulations have been in effect since that day.

These ban brokers from providing retail customers with a payment, monetary or excluding non-monetary advantage in relation to the marketing, distribution, or sale of a CFD, other than the realized profits on any CFD that is given. This can happen either directly or indirectly.

This indicates that a Deposit Bonus is not presently available for use with retail customers at this time.

Although NAGA does not provide a bonus, there are a variety of rewards available to players based on their current level. Your chances of becoming a NAGA Influencer and receiving even more special benefits will increase in direct proportion to the volume of trades you do. Visit the website for further details and information.

The platform is the name given to the forex trading software that is made available to the customers of a broker firm and is utilized by those customers in the execution of their transactions.

When referring to a platform, the term "multi-asset" refers to the fact that it enables customers to trade not only foreign exchange but also other asset classes, such as contracts for difference (CFDs) on stocks, stock indices, precious metals, and cryptocurrencies. A platform may also be multi-lingual.

What a customer wants to trade will play a significant role in determining which trading platform they should go with; thus, this factor will also be one of the factors they use to select a broker.

Trading and investing in different markets all around the world is now possible with the help of NAGA, and you may do it using any device or platform you choose.

The firm gives traders the choice to utilize either MetaTrader4, MetaTrader5, or the NAGA Web platform, which is the company's own software, in conjunction with its apps.

It is up to you to decide whether you will utilize MT4 or MT5 with manual or automatic techniques, despite the fact that most traders are familiar with these platforms owing to their widespread use throughout the world and well-established powerful features.

The NAGA Web trading platform provides you with supplemental capabilities and strikes an excellent mix between an approachable interface and the complex solutions it offers.

Your NAGA account may be utilized on the industry's primary trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), on a desktop computer or on a mobile device.

Trading with NAGA on MT4 enables you to trade on a platform that is already known to you, while at the same time enabling other NAGA users to duplicate your trading activity and save it to their own NAGA profiles.

With the NAGA Web App installed in your browser, you will have access to all of NAGA's features, such as auto copying and the ability to set up price alerts.

Trade anywhere you are with the help of NAGA's free app for your iOS smartphone (iPhone, iPad, etc.) or your Android device. With the fully-featured NAGA mobile app for iOS, you may trade whenever and anywhere you choose. All of these features, together with the ability to buy and sell any instrument, Auto Copy top investors, and talk on NAGA Messenger, are accessible from inside a single app.

A prospective trader has to determine, as one of the very first things they do, if a broker such as NAGA is secure to conduct business with. To determine which regulatory agencies are acting as watchdogs over the activities of a brokerage is one of the most reliable benchmarks for measuring the safety of a brokerage.

The NAGA Group is a firm that is subject to regulation and is listed on public exchanges. It is a financial technology business that has operations in Germany and is approved by the Cypriot Securities and Exchange Commission.

The NAGA Group AG is a company that is traded on the Frankfurt Stock Exchange (WKN: A161NR | ISIN: DE000A161NR7). NAGA is the company's registered trademark. This results in a certain degree of stability in addition to a robust establishment and operating foundation.

Due to the fact that NAGA is supported by a Chinese backer known as FOSUN, this company can be relied upon in any situation.

Additionally, NAGA satisfies the prerequisites that have been established by MiFID. As a result, the money of traders are never mixed up with those of the firm, and instead they are protected by a compensation plan in the event that brokers go bankrupt.

Potential traders need to be able to have confidence that the broker firm they choose will be able to provide them with the essential assistance and aid anytime they may want it.

The NAGA Help Centre is where traders may go for assistance with their customers. If you have questions that are not addressed there, you are free to contact the firm at any time, day or night.

Before beginning to engage in speculative trading, prospective traders should always undertake as much study on the topic as they possibly can.

Because trading with self-assurance and achieving financial success is highly dependent on having knowledge and an understanding of the markets, the research options provided by brokers are an essential component of the features that should be considered when selecting the right company to trade with.

NAGA provides traders with a social trading platform that enables them to locate news feeds, write, like, comment on, or share postings; duplicate or generate trading signals; obtain special insights into various markets; and obtain the most recent market news.

In addition to this, it offers a worldwide economic calendar sourced from MetaQuotes that details the forthcoming dates and times of important market events and economic releases from across the world.

Traders are able to view the currency that will be affected in addition to the results of the releases in the past, as forecasted, or as they really occurred. As part of fundamental research, this may be helpful, and it can also assist keep traders up to date on the most recent market developments.

NAGA hosts daily webinars in different languages that cover a wide variety of topics related to trading, including fundamental and technical analysis, market forecast, and a great deal more.

Prior to beginning their trading careers, those who are considering becoming clients of NAGA should make it a priority to acquire all of the market knowledge and trading expertise that is required to be successful in the field of forex and commodity trading.

If the information a trader needs cannot be found on the NAGA website, they should look into other websites that give useful information and other ways to acquire the necessary skills.

Traders can access NAGA academy by clicking the link that is located on the website of the organization. Traders may have access to a variety of resources, including articles, videos, webinars, and tutorials, all of which are designed to educate and guide them through the many aspects of trading.

Traders on the NAGA Exchange have the ability to engage in unrestricted commission-free cryptocurrency and fiat currency trading through the platform's largest social network.

No matter if you are an experienced trader or just starting out, NAGA is happy to have you as a member and provides you with the unique opportunity to either duplicate deals or act as a master.

NAGA is a corporation that has built its foundation on robust technology and the creation of innovative trade practices. If you are a trader looking for progressive trading possibilities together with favorable trading circumstances and expenses, you will discover a wealth of investing opportunities here, regardless of whether you are just starting out or are a seasoned expert.

NAGA is a German financial technology company that was established in 2015 with the goal of simplifying the process of entering the world of investments. Their competitive advantage is a straightforward slogan: "financial inclusion for everyone." It has been used by more than one million investors, and it enables you to trade more than 750 assets and instruments throughout the world. These assets and instruments include genuine stocks, ETFs, cryptocurrencies, futures, forex, and CFDs of stock indices and individual stocks. It provides social trading, a multi-currency account, a demo account, and a number of different options for you to deposit and withdraw money from your account.

Concerning security, the NAGA platform is primarily managed by NAGA Markets Europe Ltd., which is licensed and supervised by the Cyprus Securities and Exchange Commission (CySEC). You will not, however, be eligible for investment protection if you join up through NAGA Global Ltd, which is registered in Saint Vincent and the Grenadines (details explained below).

In addition, it is required to make its financial statements public since it is owned by The NAGA Group AG, which is a corporation that is traded on the Frankfurt Stock Exchange. This openness provides us with an added sense of ease.

NAGA is a financial technology company based in Germany. It is a subsidiary of NAGA Group AG (listed in the Frankfurt Stock Exchange). You can have access to investments through the company's two subsidiaries, which are "NAGA Markets Europe Ltd." and "NAGA Global Ltd." (more info below). From this point forward, we are going to refer to it as "NAGA Europe" and "NAGA Global" in their respective contexts.

It gives you the ability to trade for yourself, automatically follow the transactions of other people (often known as "auto copy"), and even earn up to 0.30 dollars by having other people follow your trades! The goal is to completely transform the financial services sector by making the most powerful trading instruments available to the general public.

You get access to genuine stocks (only in NAGA Europe), ETFs, indices, Forex, CFDs on stocks, cryptocurrencies, commodities, and futures through their numerous platforms (MT4, MT5, online version, and mobiles applications). This is only available in NAGA Europe. In addition to that, its academy generates insightful information on the NAGA platform and trading in general. You might also tune in to webinars focused primarily on technical analysis every once in a while.

When it comes to actual stocks, we have a difficult time tracking those stocks down. The "markets" page presents a list of financial instruments, however there is not a single one that is concentrated on real stocks. You'll need to delve deeper to uncover it, which is something that, in our opinion, shouldn't be required. Let's take an example: If you go to the page labeled "Stocks USA (CFD)," you will see the actual stock "Square" listed among the CFD instruments. Since there is no blue box indicating that it is a CFD instrument, you can be sure that it is a real stock.

NAGA is one of the few online platforms, along with eToro, that enables users to seek for and replicate the methods and techniques employed by other investors. This function used to be referred to as Social Trading in the past. It provides a feed that allows you to keep track of what other traders are doing as well as general market news while also interacting with the community and giving you the ability to speak on NAGA messaging directly. There is a price associated with using this service, despite the fact that it may be an excellent method to profit from the expertise of other traders and automatically mimic the deals they make (for more information, see the section titled "fees").

On the other side, NAGA provides users of the site the ability to share their trading strategies in exchange for a charge or commission of up to $0.30.

If you want to register an account, it is recommended that you make a deposit of at least 250 EUR/USD/GBP with no deposit fees associated with it. The procedure is quite easy and uses only digital tools.

However, be on guard! The following picture will appear on the screen of the NAGA website after you have clicked the "register" button. You should have NAGA Europe shown by default; however, you should verify to make sure that this is the case. You do not have any investment protection if you sign up for NAGA Global, therefore you should avoid doing so.

Being a customer of NAGA Global allows you to handle your finances with fewer limitations, as stated in the following passage: "NAGA Global Clients Leverage cannot exceed 1:1000," but "NAGA Markets clients leverage cannot exceed 1:30." This provides you a sense of more independence.

In spite of this, the risk of losing money is significantly increased as a result of it. A 1000x leverage indicates that a 0.10 percent price movement in any security will completely wipe you out (!), but you will not lose more than your invested capital because you still benefit from the "Negative Balance Protection." This protection prevents you from losing more than your invested capital. In comparison, if the security moves against you by 3.33 percent when you have 30 times the normal amount of leverage, you will lose all of your money.

A multi-currency account, which allows you to trade in EUR, USD, GBP, PLN, and UST, as well as NAGA coin (NGC), is something that is relatively unusual in the brokering sector. You are often only given the option of opening a single basic account across all brokers. In most cases, individuals opt to transact in the currency of their country of residence; but, if you invest in assets denominated in currencies other than your own, you will be subject to a currency conversion fee. A fee for converting currencies is not going to be levied to you (check out the screenshot in the "Fees" section).

You would still be able to avoid paying for it even if it did charge you. You might actually use a low-cost currency conversion service like Wise (previously known as TransferWise) or Revolut to send money to NAGA as an alternate option. These services include Wise (formerly known as TransferWise).

NAGA has a rather pricey fee structure. Spreads, commissions, copy fees, interest on margin lending (which is earned when you leverage a position), and many other fees make up the majority of their income stream.

First and foremost, NAGA Europe allows customers to trade on genuine stocks, also known as non-leveraged positions (this service is not available to customers of NAGA Global), for a minimum of 8 euros and 6 dollars per transaction, respectively, for EUR stocks and USD stocks. When compared to the commissions offered by its most direct competitors, we notice that these rates are very expensive.

A spread cost, which is the difference between the bid price and the ask price, will also be added to the total cost of the transaction. This cost will become most apparent to you while trading foreign currency (Forex), futures contracts, cryptocurrencies, contracts for difference (CFDs) on indices, stocks, and commodities. When making an order, you should ensure that you give careful consideration to the bid-ask spread, as the spreads are susceptible to change based on the current state of the market:

In addition, NAGA provides its customers with a multi-currency NAGA MasterCard. You are able to manage your funds and even make direct payments for products and services with your trading gains using this card, just like you would with any other credit or debit card.

Our experiences have shown that the quality of customer service is pretty high. When we sent a message to an assistant through the company's internal chat, we always received a response within two to three hours, sometimes even in the form of a phone call. Nevertheless, we are aware that the quality of the customer service experience can vary greatly, so you should be prepared to receive both good and negative feedback. The only method to verify the product's quality is to conduct your own tests.

Because NAGA has earned a rating of 4 stars on Trust Pilot, you, as a prospective investor, are in a position that is quite favorable. On the other hand, as a result of the unfavorable evaluations, we have noticed certain limitations when it comes to withdrawals. Therefore, in order to prevent a difficult scenario in the future, we would strongly propose that you get familiar with the withdrawal procedure (the necessary paperwork).

You don't seem to be familiar with NAGA, do you? Not an issue at all! You have the option of opening a Demo Account with a starting balance of ten thousand dollars worth of virtual currency. Therefore, feel free to do anything you like in order to get a feel for what you may possibly anticipate from their trading platform.

A spread cost, which is the difference between the bid price and the ask price, will also be added to the total cost of the transaction. This cost will become most apparent to you while trading foreign currency (Forex), futures contracts, cryptocurrencies, contracts for difference (CFDs) on indices, stocks, and commodities. When you place an order, be careful to give the bid-ask spread a closer look so that you can account for the possibility that the spreads will shift depending on how the market is performing.

Thirdly, the commissions that are associated with CFDs on stocks and ETFs will be 0.20 percent and 0.10 percent, respectively. Because you will incur this fee both when purchasing and selling, you will need to multiply those values by two in order to reach a value that is more accurate.

NAGA has a rather pricey fee structure. Spreads, commissions, copy fees, interest on margin lending (which is earned when you leverage a position), and many other fees make up the majority of their income stream.

First and foremost, NAGA Europe allows customers to trade on genuine stocks, also known as non-leveraged positions (this service is not available to customers of NAGA Global), for a minimum of 8 euros and 6 dollars per transaction, respectively, for EUR stocks and USD stocks. When compared to the commissions offered by its most direct competitors, we notice that these rates are very expensive.


A spread cost, which is the difference between the bid price and the ask price, will also be added to the total cost of the transaction. This cost will become most apparent to you while trading foreign currency (Forex), futures contracts, cryptocurrencies, contracts for difference (CFDs) on indices, stocks, and commodities. When making an order, you should ensure that you give careful consideration to the bid-ask spread, as the spreads are susceptible to change based on the current state of the market:


Thirdly, the commissions that are associated with CFDs on stocks and ETFs will be 0.20 percent and 0.10 percent, respectively. Because you will incur this fee both when purchasing and selling, you will need to multiply those values by two in order to reach a value that is more accurate.

Additionally, there is a fee associated with the use of the Social Trading function. A flat cost of 0.50 euros will be deducted from your account each time a transaction that you replicated is closed, regardless of the outcome of your own trade (with profit or loss). In the event that the transaction is successful, you will be subject to an extra fee of 5 percent of any profit over 5 euros.

Since NAGA does not provide a document that details all of the associated expenses, it may be difficult to locate some fees. We invested a good deal of time and effort on determining the NAGA currency conversion cost, however we were ultimately unsuccessful. Because of this, we made the decision to get in touch with the support staff directly, and as you can see from the attached image, NAGA does not charge a fee for currency conversions. It only utilizes the exchange rate determined by the European Central Bank (ECB) (no fee on top).

You need to take into consideration, last but not least, those costs that are not directly connected to the trading activity. For instance, NAGA may charge you a withdrawal fee depending on the method that you choose to use to remove your funds from the platform. If you want to withdraw your money by a bank transfer, for instance, there will be a cost of $5 assessed to you. On the other hand, if you use a credit card like Visa, MasterCard, Skrill, or PayPal, among other payment methods, you will be required to pay a minimum of ten dollars. In addition, NAGA Global customers who withdraw cryptocurrency are subject to an extra withdrawal charge of up to 12 percent of the amount withdrawn, which is determined at the sole discretion of Payments and Compliance.

Transferring money through your bank is, in effect, the only method to avoid being charged large fees by NAGA. Understanding the phrase "from NAGA" is essential in light of the fact that extra fees may be imposed by intermediate banks as well as sender banks (not in control of NAGA).

The Cyprus Securities and Exchange Commission maintains complete oversight and regulatory responsibility for NAGA Europe (CySEC). In addition to this, it is registered with a number of other financial agencies, including the Financial Conduct Authority (FCA), BaFin, Consob, and CNMV, amongst other regulators in a number of countries in which they conduct business.

Since NAGA Global is registered in St. Vincent and the Grenadines, you will still have access to negative investment protection and segregated client funds; but, investors will not be compensated for their losses.

NAGA is a publicly listed fintech firm, and its owner, NAGA Group AG, is FOSUN, a Chinese investment vehicle that manages several billions of dollars. In addition, the fact that their financial statements are made available to the general public adds an extra measure of trust since we are able to monitor their financial status in an open and honest manner, which is precisely what we have been doing.

If we take a look at the most recent semi-annual report from June 2020 and compare it to the current date of this article, we could see that the company has an excellent balance sheet with nearly no debt.

Last but not least, in accordance with the restrictions placed on CFD trading by the European Securities and Markets Authority (ESMA) in August 2018, NAGA Europe (and Global) offers negative balance protection for Forex and CFD trading on a per-account basis. However, this protection is only available to retail clients originating from the European Union. What exactly does that entail?

Imagine that you decide to start a trade with a leverage of 5:1 and then deposit 1,000 Euros into your account. This brings your total exposure up to 5,000 euros. In the event that the market fell by 25 percent, your loss would amount to 1250 euros (25 percent of 5000 euros). Since it is greater than the initial investment of 1000 Euros that you made, it follows that you would owe an additional 250 Euros to your broker. Because of the ESMA rule, the balance in your account will be automatically readjusted to 0 euros, and you will only lose the money that you deposited (more info in ESMA and on page 3 of Risk Disclosure and Warnings Notice of NAGA).

The Netherlands, France, Spain, Portugal, Italy, Ireland, Germany, Poland, Austria, Switzerland, Hungary, Czech Republic, Greece, Sweden, Norway, Denmark, Finland, and many more countries are on the long list of nations that are recognized by NAGA. Take a look at the whole list of nations that Naga will accept as members.

It is important to note that NAGA does not offer its services to a number of countries, including the United States of America, Japan, Canada, Belgium, Cuba, Iran, Iraq, Syria, and North Korea, amongst others.

Yasin Qureshi and Benjamin Bilski established their business in 2015 with the intention of making the process of investing easier for everyone.

It is refreshing to discover a trading business like NAGA that is set on making it simpler to trade online. As you are undoubtedly aware, trading and investing are often not straightforward activities, therefore it is nice to find a trading company like NAGA that is intent on simplifying trading online.

By providing traders with quick and simple access to global markets, NAGA hopes to provide dealers more leverage.

The NAGA staff is remarkable, and they provide the materials and assistance that are necessary for traders of all levels. The fact that NAGA has over a thousand reviews on Trustpilot with a rating of four stars indicates that the company must be doing something well.

Finding a trading platform that is regulated is one of the most important aspects to consider when selecting one, and in this regard, NAGA meets all of the requirements. The Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission are the organizations that have granted NAGA authorization and regulation (CySEC).

NAGA is a versatile trading platform that provides access to over 950 different trading products, such as forex, stocks, and CFDs (contract for differences). In addition to stocks and commodities, you may trade exchange-traded funds (ETFs), cryptocurrencies, indices, and metals.

To this day, NAGA has more over 10 million orders that have been completed and has over 100,000 registered traders.

Over a thousand traders are currently signed up for the auto-copy service at NAGA. If you are new to trading, you could find that using an auto-copy service is a good place to begin. If you are unfamiliar with the concept of auto-copy, allow me to break it down for you. You get deals from experienced traders who share them with you, and you replicate those transactions.

As a NAGA customer, you have the flexibility to choose from a variety of free, user-friendly trading platforms, such as desktop, mobile devices, or the online. This provides you with the portability to trade from virtually any location. You can achieve greater success in trading with the assistance of NAGA's educational resources and other tools.





The NAGA community is big and welcoming, providing newcomers with the opportunity to pick the brains of seasoned investors. Trading is sometimes a solitary endeavor, but with NAGA, you can connect with other traders and discuss your experiences and trading strategies with them.

You may send direct messages using the messenger feature, as well as start group discussions and participate in public channels led by specialists.

Support in many languages is available around the clock, five days a week through NAGA. You may connect with help by sending an email, calling them, or, if you'd like, you can interact with NAGA support through live chat.

It is clear that NAGA takes pleasure in serving its more than 100,000 consumers, as seen by the over a thousand evaluations on Trustpilot that have received the maximum rating of four stars.

You may easily manage your investing portfolio with only three clicks of the mouse. You can diversify your assets in accordance with the level of risk you are willing to take, and you can select a risk to reward ratio (RTR) in order to trade various asset categories.

You have the option of making investments tied to a specific period of time.

You could want to look into short-term investments, or you might find that investing for the medium to long term suits your needs better. Your investments are then managed by a third-party algorithm based on the constant reallocation of assets to ensure that you receive the highest possible returns.

Using the integrated watchlist provided by NAGA, you will be able to monitor possible investments. In addition to this, NAGA possesses an asset feed that shows real-time information on market news, particulars of assets, and all positions.

The Cypriot investment company Naga Markets Ltd, which is a part of the NAGA Group AG, does business under the brand name NAGA. The latter is a financial technology business that trades on the Frankfurt Stock Exchange in Germany and is open to the public.

The Cyprus Securities and Exchange Commission has granted Naga Markets Ltd. authorization and regulates the company's activities (CySEC). The number of the license is 204/13.

CySEC is responsible for the supervision and management of regulated businesses that offer investing services. This indicates that NAGA must comply with the stringent regulations put out by CySEC by adhering to their standards.

NAGA customers may trade confidently knowing that they are doing business with a reputable and trustworthy online broker since NAGA is regulated by CySEC.

CySEC is required to comply with the European MiFID Financial Harmonisation regulation, which means that NAGA is also required to adhere to the provisions of the law. The EU's Markets in Financial Instruments Directive (MiFID) aims to improve levels of efficiency while also increasing levels of financial transparency. Protecting consumers while also encouraging fair business practices is the organization's primary objective.

The Financial Conduct Authority (FCA) has granted NAGA authorization and registered it with them under the reference number 609499.

The FCA is responsible for the entirety of the EU. The Financial Conduct Authority (FCA) has the goals of ensuring that financial markets are honest, fair, and efficient, and that consumers receive favorable treatment. The actions of over 60,000 enterprises located in the EU are governed by the FCA's regulations.

Where does NAGA keep Client Funds? Client funds are kept in separate accounts at several of the big banks that are regulated by the EU. Because these funds are distinct from NAGA's corporate finances, they can only be used for operating costs and other related expenditures.

The ICF has NAGA Markets as a member (the Investor Compensation Fund). In the event that a client is unable to meet their financial responsibilities, the ICF may be able to give compensation to those clients who are qualified for claims made against a member of the ICF.

NAGA provides its customers with a free prepaid multicurrency Mastercard that may be used for online or offline global transactions as well as withdrawals from ATMs. The card can be loaded with dollars, euros, or pounds.

NAGA gives you access to a user-friendly dashboard that has the highest possible level of safety for managing your card.

Which countries are eligible for membership in NAGA? Some nations' legal systems place constraints on commercial activity.

If you are unsure, please check with NAGA Broker to see if players from your nation are allowed to participate.

The following is a list of nations that are legally barred from engaging in trade with NAGA.

Belgium
Canada
Cuba
Japan and Iran
Iraq
The country of North Korea.
Syria and USA

Because of regulatory constraints, certain nations are unable to purchase all NAGA items or utilize all of its services.

Online trading is made possible through NAGA's provision of both the MT4 (MetaTrader 4) and MT5 (MetaTrader 5) platforms.

Both of these systems are intuitive and user-friendly, and they offer a wealth of technical indications and capabilities.

You also have the option of adding other indicators and tools.

When an expert adviser is installed on the MetaTrader platform, it enables traders to engage in automatic trading (EA).

You may get recommendations from other traders within the NAGA community on which MetaTrading tools are the best.

You have the option of trading from a web-based platform that does not require any downloading on your part, or you may download and install the MT4 or MT5 software.

You may also check your trades on the move by installing the MT4 or MT5 app on your mobile device, which is compatible with either iOS or Android.

NAGA is committed to fostering openness as an integral aspect of its work.

Every single online NAGA profile is seen by every other registered trader in the community. It is a comprehensive profile that provides information on the trader's win rates, the assets dealt, the trader's performance, and a great deal more.

You have a chance of making it onto the NAGA top board if your trading performance is strong. You can locate the trading signals that have the finest track record of profitability here for everyone to emulate.

The average first-time trader has a 95 percent chance of failing, making trading a difficult endeavor for beginners. Because of this, the auto copy transactions have the potential to make accessing the trading experience simpler.

Does NAGA Give Me the Opportunity to Leverage My Trading Account? Yes, the use of leverage varies depending on the type of financial instrument. NAGA is a responsible broker that is required to adhere to the requirements that come with its registration. NAGA wants their traders to act responsibly when trading and to make sound choices when it comes to leverage.

The NAGA platform has a cryptocurrency wallet. It is crucial to ensure the safety of your cryptocurrency storage, as you may already be aware.

The NAGA wallet is an easy and cost-free solution to store and protect your cryptocurrency holdings. The NAGA wallet is equipped with an integrated exchange and acts as a portal to the NAGA social investing network.

The NAGA wallet enables users to conduct quick cryptocurrency transactions at cheap transaction costs. You may also purchase cryptocurrency with your credit card and then transfer it to the trading account you have with NAGA.

Is Trading Education Available Through NAGA? The instructional tools that NAGA provides might assist you in becoming a more successful trader. They also provide daily webinars that are available in a number of languages. The webinars are an excellent educational resource for novice and advanced traders alike. They cover a wide range of important trading subjects, including support and resistance levels, trendlines, fundamental and technical analysis, and more.

What Kinds of Financial Instruments Does NAGA Allow Me to Trade? Over 950 different financial products are available for trading on NAGA.

Trading on NAGA is possible with changeable spreads across the majority of the main, minor, and exotic currency pairings offered by Forex. As an illustration, the spread on EUR/USD is 1.2 pips.

When dealing with forex, swap fees may also be applicable (Overnight fees for open trades).

NAGA provides access to a wide variety of cryptocurrencies, including some of the most prominent cryptocurrencies such as Bitcoin. Litecoin, Dash, Ethereum, and Ripple are all digital currencies.

Trading in cryptocurrencies does not incur any commission fees, however spreads may be rather volatile. Additionally applicable are swap fees.

The majority of stocks have a margin requirement of twenty percent, and the commission cost is twenty twentyths of one percent. In addition, there are fees for spreads and swaps.

You have the ability to exchange commodities such as silver, gold, and oil with NAGA. The required margin varies from situation to situation, but it's often between 5 and 10 percent. There is no commission cost, but the spreads might change at any time and there are fees associated with swapping.

The required margin varies from situation to situation, but it's often between 5 and 10 percent. There are expenses to switch, but there are no charges associated with futures trading.

ETFs margin requirement is 20 percent . In addition to the 0.10 percent commission cost, there are further fees for swapping and spreading.

The number and variety of options to trade that NAGA provides is extraordinary. With more than 950 different financial products to choose from, there is something for every trader to invest in.

You have the ability to submit an application with NAGA for a Professional Trading Account, which offers enhanced leverage of up to 1:20.

However, NAGA does have particular requirements in order to be considered a professional trader:

You are able to demonstrate that over the course of the last four quarters, you have placed an average of 10 important deals each quarter. These transactions may take place either with NAGA or with another broker. According to NAGA, a significant trade is one that is worth at least 10,000 on shares or 50,000 on forex, indices, or commodities (or currency equivalent).
You can display a financial instrument portfolio. You have cash deposits totaling at least 500,000 euros in your portfolio (or currency equivalent).
You have a minimum of one year of experience working in a professional capacity within the financial sector.
If you are a professional trading customer with NAGA, you will neither have the same level of protection nor the same level of investment compensation as regular traders. It will be necessary for you to attest that you are aware of the implications of conducting business without the benefit of this protection.

What are the Steps to Creating an Account with NAGA? Opening an account with NAGA is a very simple process.

The first thing you need to do is fill out a brief registration form with all of your information and submit it online. In order for NAGA to verify that you are who you say you are, you will be required to validate your email address.

After that, you will be able to access your NAGA account by logging in. For Know Your Customer (KYC) reasons, NAGA requests that you provide papers serving as evidence of identification. You will also need a recent electricity bill that is no more than three months old in addition to your passport or driver's license.

After that, NAGA will check your information, and then you'll be good to go. You are now able to start trading with NAGA and deposit funds into your NAGA account.

When you deposit money into your NAGA account, you won't be charged any fees at all. The minimum deposit required for NAGA is merely 30 dollars (or the equivalent in EUR, GBP, or PLN).

When compared to the majority of other brokers, which need a minimum deposit of $500, the inexpensive start-up is appealing to inexperienced traders.

What are the steps involved in taking money out of my NAGA account?
The same ways that you used to deposit money into NAGA may also be used to withdraw money from the platform. Within your NAGA account, you will discover information on the various withdrawal methods.

Take note that the withdrawal process cannot begin until the validity of the payment method you have selected has been established.

What exactly are the Withdrawal Fees for NAGA? There is a minimum withdrawal limit of 50 dollars (USD), ten pounds (GBP), or fifty Polish zloty (PLN), and the cost is ten dollars (USD), ten pounds (GBP), or fifty Polish zloty.

It makes perfect sense to withdraw significantly more money in order to compensate for the low but fixed withdrawal cost.

To transfer cryptocurrency to an email address or receive cryptocurrency from an email address, the charge is 0.50 percent, while the fee to withdraw cryptocurrency to your cryptocurrency wallet is 0.99 percent.

There is a possibility that your payment provider will charge you additional costs, most notably if there are expenses associated with exchanging currencies in order to convert the withdrawal to your payment provider.

Requests to withdraw funds are normally handled the same day they are received, or the following business day if they are received outside of normal business hours.

Your payment provider will determine how long it will take to receive your withdrawal. Clearing a bank transfer payment may take more time than clearing other types of payments.

What are the commission fees for NAGA look like? The fees charged by NAGA are reasonable.

A set cost of 0.50 is required from you in order to replicate a trader. If your profit is more than 0.5, you will be required to pay a charge equal to 5% of your total profit.

The commission cost for equities and exchange-traded funds (ETFs) is 0.20 percent of the notional value. Spreads and exchange fees are two examples of possible additional expenses.

There are no inactivity costs associated with NAGA membership.

You will be given a free demo account with a balance of $10,000 once you have registered with NAGO.

A trial account is a terrific method to familiarize yourself with trading practice and how NAGA operates if you are a new or rookie trader. There is no risk involved in using a demo account.

After you have gained sufficient experience to trade with self-assurance, you will be able to transition to a real trading account with NAGA. To accomplish this goal, go into your NAGA account and select the upgrade option. The entire process should take you no more than five minutes.

You have the ability to open two live trading MT4 sub-accounts and two live trading MT5 sub-accounts when you have a single NAGA account.

When you have numerous accounts, you are able to test out a variety of methods to see which one suits you and your play style the best.

The trading community stands to benefit greatly from NAGA's many services. At the moment, there are more than 100,000 people that are registered to trade with NAGA.

NAGA is a market-leading social trading platform that caters to retail traders of all experience levels, from beginners to seasoned pros. When it comes to the latter, NAGA has stringent requirements for the position of professional client.

The process of opening an account with NAGA is quick and simple. After the verification of your papers, you will then be able to begin trading with NAGA.

You may hone your trading skills with NAGA's $10,000 demo account, and if you're ready, you can upgrade to a real-money trading account in fewer than five minutes. You may try a variety of various tactics by dividing your main NAGA account into many smaller sub-accounts.

NAGA seems to be an appealing choice for traders of all levels, given its capability to trade more than 950 different financial products and its capacity to automatically mimic more than 1000 of the industry's most successful traders.

The maximum amount you may deposit is rather low, and making a withdrawal is both quick and simple. There are a number of ways to deposit and withdraw funds from your NAGA account.

The NAGA customer service ratings on Trustpilot are a perfect four stars, and the company has a large number of satisfied customers. The crew that provides customer assistance is bilingual and may be reached through email, live chat, or telephone twenty-four hours a day, five days a week.

Cyprus Securities and Exchange Commission (CySEC) and The Financial Conduct Authority are the organizations that have granted NAGA authorization and regulation (FCA). You are able to rest easy knowing that NAGA is required to adhere to severe financial laws in reference to its customers.

Client money are stored in separate large EU banks, which allows NAGA to utilise these funds solely for operating charges and other related expenses.

You are the only one who can determine whether or not to establish an account with NAGA as a reputable and trustworthy broker. Nevertheless, it is my goal that you have gained sufficient knowledge from this post to aid you in making the decision to begin trading with NAGA.

It is important to keep in mind that the information presented above does not constitute tax, investment, or financial services advice. I present the aforementioned information without taking into account the level of risk tolerance or the particular financial circumstances of any particular investor.

It's possible that not all investors should engage in trading or investing in financial products like foreign exchange, equities, exchange-traded funds (ETFs), futures, or commodities. It is not without danger, and there is always the prospect of a loss of financial resources.

Naga Licenses:

Registration number 204/13 issued by the Cyprus Securities and Exchange Commission to NAGA Markets Ltd.
FSA has granted authorization to NAGA Capital (SV) Ltd. (SVG)

In 2015, Naga was established as a Fintech firm with the mission of providing access to global markets by means of decentralized technology, in addition to the required assistance, for the purpose of enabling global investors to acquire more exposure.

The firm is incorporated in accordance with the laws of Cyprus, and it has also complied with the regulations of European countries, which enables it to trade in financial markets, cryptocurrencies, equities, and virtual items that support all of the major worldwide marketplaces.

Naga is a reputable broker that offers a wide variety of trading products in addition to a social trading atmosphere that is very competitive. The platform is user-friendly, and both educational and research tools are available.

On the other hand, the terms and conditions change depending on the company, and there is no help available around the clock.

It is a publicly listed business, but it is also a broker approved by a CySEC in Cyprus and a technology company operating in Germany. NAGA group completed all of the required procedures to become a fully regulated and transparent corporation, thus it is not a fraud.

The NAGA Group AG is a publicly traded FinTech firm established in Germany and listed on the Frankfurt Stock Exchange (WKN: A161NR | ISIN: DE000A161NR7). NAGA is a trademark owned by The NAGA Group AG. This results in a certain degree of stability in addition to a solid establishment and operating foundation. In addition to this, NAGA has the support of the Chinese investment fund FOSUN, which makes it a trustworthy company in any situation.

In addition, there is a company based in St. Vincent and the Grenadines (SVG) that provides worldwide expansion to the NAGA service. So long as the company is permitted and controlled in accordance with European law, it is regarded as safe despite its registration in an offshore zone.

Therefore, in addition to various performance criteria and a high level of dependability as a public business, NAGA also complies with the relevant requirements set out by MiFID in regard to its trading service. As a result, the money of traders are never mixed up with those of the firm, and instead they are protected by a compensation plan in the event that brokers go bankrupt.

In addition, when you trade with Naga, you have access to adjustable leverage, which enables you to control and manage risks more effectively and in a manner that is tailored to your particular trading style. Nevertheless, and due to the fact that Naga is a European broker, the firm's product completely conforms with ESMA requirements. As a result, the company falls under current updates to employ lower leverage levels. Therefore, the most leverage that retail traders may use is 1:30, however professionals can have access to larger ratios once their professional identity has been verified.


Investing may be done manually or automatically, there is also the possibility to participate in Social Trading, traders can choose from over 500 different instruments, and several other investment opportunities are available. In point of fact, Naga Markets is a publicly traded financial technology firm based in Frankfurt that is supported by the multibillion dollar fund FOSUN and offers transparency over trading procedures.

In the end, Naga is continually adding on innovations as well as new difficulties, which allows for the quick expansion of the firm as well as its customers.

When you have made the decision to trade with Naga, you will have the option of selecting from one of seven fiat currency trading accounts (USD, EUR, GBP, PLN, or CHF) or four cryptocurrency trading accounts. These accounts are open to all forms of investors and do not offer different trading conditions based on deposits or other factors.

On its website, Naga boasts of providing the lowest spreads for all traders, regardless of the size of their trading accounts; hence, all investors will benefit from improved trading conditions. The average spread for the EUR/USD currency pair is 1.2 pips, which is regarded as a satisfactory offering from the spread market business. Concerning the other kinds of products, you may get information about any commission fees associated with particular assets straight from the trading platform.

In addition, while utilizing Social trading, any and all fees, as well as the spread of profit between the master account and the copy account, will be computed automatically.

Also, remember to always factor in the Naga rollover or overnight fee as a cost. This price is assessed on positions that have been held for more than a day and is calculated differently depending on whether you are buying or selling.

The fact that you can choose whatever platform you end up with is another terrific feature, as we found out when conducting our evaluation of NAGA. You have the option of using the proprietary software NAGA Web platform together with its apps or selecting either the older version MetaTrader4 or its more recent version MetaTrader5.

While MT4 and MT5 do not require many words or an introduction owing to its widespread popularity and great capabilities that continue to be at your disposal whether you choose manual or automatic trading techniques, these platforms do not need to be introduced. The NAGA trading platform gives you access to extra capabilities and strikes an excellent mix between an approachable user interface and the advanced features it offers.

NAGA, being a FinTech firm, developed it absolutely amazing software that will satisfy the most demanding appetites and come with online assistance, news streaming, and complete analytical tools. In addition, NAGA built it so that users may access these features from any device. You will find an excellent capability for copy trading, which is based on proprietary algorithms defining top traders and leading trades, in addition to a wide variety of bonuses. This is in addition to the fact that one of the most important aspects of the NAGA offering is a Social trading capability.

Additionally, there is a really impressive service provided by Naga Exchange. This service enables limitless commission-free trading of fiat currency and cryptocurrencies through its most extensive social network. Therefore, regardless matter whether you are an experienced trader or just starting out, Naga is happy to have you as a member and provides you with the unique opportunity to either duplicate deals or serve as a "master."

What kinds of funding options does Naga provide? All of the major credit cards, cryptocurrencies, and alternative payment methods, such as e-wallets, are accepted by Naga.

In addition, the company released the NAGA Card & IBAN in February 2019, making it possible for consumers to more easily manage their cash and pay for services or goods, while still enjoying all of the benefits of the NAGA MasterCard.

Although there is no set minimum amount that must be deposited in order to open an account with Naga, as the broker points out, most novice traders start with a deposit of at least $200 in order to have exposure to almost all markets and test out Naga's trading conditions. It is also important to remember that different payment methods could have different minimum amounts that must be available for transfer.

The same options are available for withdrawals at Naga as there are for deposits. These include your very own Naga MasterCard and bank transfers. When it comes to withdrawals, Naga typically does not waive fees; however, you should check with your payment provider just in case there are any charges that might be applicable due to international transfer laws. Although Naga covers all deposit fees, regardless of the method you will use for transferring money, you are responsible for any applicable fees when making withdrawals.

In general, the Naga Review reveals a broker that has great technological capabilities and is developing trading innovations. There is a huge array of opportunity for investment, whether one is just starting out, participates in social trading, or is a seasoned investor looking for progressive trading alternatives together with favorable trading conditions and fees. In addition to the regulatory obligations that Naga must fulfill, the company strikes us as a suitable option for a brokerage business and may even prove to be a pleasant companion in your trading adventure.

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Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.