broker

NAGA Review 2022

Updated:
4.5
Trust
4.9
Fees
3.9
Platforms and Tools
4.6
Customer Support
4.9
Tradable Instruments
4.2
Account Types and Terms
4.9
Deposit and Withdrawal
3.9
Research
5.0
Education
4.3

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading derivatives with this provider. This is not an investment advice.

While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please note: In our review of NAGA, we focused on the services provided by NAGA Markets Europe LTD (nagamarkets.com), regulated by the Cyprus Securities and Exchange Commission (CySEC). We conducted our tests using MetaTrader 5. Some features and services may vary depending on where you reside.

The Big Picture

Founded in 2009, NAGA Markets is a broker based in Limassol, Cyprus. Regulated by CySEC, NAGA Markets offers trading in over 950 instruments, including forex and CFDs on commodities, indices, cryptocurrencies, and shares. A propietary web based app, mobile app and third-party platform MetaTrader 4/5 are available to clients. NAGA is a trademark of The NAGA Group AG, a FinTech company based in Germany and listed on the Frankfurt Stock Exchange (XETRA: N4G). In March of 2021, NAGA reached over 1 million registered users.

Key Takeaways in 2022

  • We evaluated NAGA Markets across nine categories (Trust/Stability, Fees, Tradable Instruments, Account Types, Deposit/Withdrawal, Research, Customer Support, Education, Platform/Tools).
  • NAGA Markets excelled in education with various materials, including webinars, tutorials, articles, videos, and ebooks.
  • Beginners can benefit from reliable customer service and a dedicated account manager.
  • Advanced traders can take advantage of VIP accounts with tighter spreads and earn money from copy trading.

What Sets NAGA Apart from Other Brokers?

NAGA has a user-friendly and intuitive platform, making it straightforward for beginners. Copy trading capabilities are well developed and easy to use. As well as providing the ability to trade and invest, the NAGA app has a social element in that you can interact with other traders. NAGA offers trading in CFDs on futures and real stocks, which are not widely available at other CFD brokers.

What types of traders are a good fit for NAGA Markets?

With dedicated account managers, good customer service, and extensive educational materials, NAGA is a good fit for individuals new to the markets. NAGA can also cater to advanced traders with the algorithmic trading capabilities of MetaTrader. Competitive spreads and lower fees are available with some VIP accounts.

NAGA Markets Pros and Cons

Pros Cons
  • Good educational resources.
  • Choice of trading platforms.
  • A pioneer in copy trading.
  • A broad range of trading instruments.
  • CySEC regulated.
  • Clients are assigned a Personal Account Manager.
  • Offers trading in both real stocks and CFDs on stocks.
  • Withdrawal fees.
  • NAGA web app does not have one-click trading or trailing stop-loss orders.
  • Low protections for clients with the offshore entity.

 

broker

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading derivatives with this provider. This is not an investment advice.

 

About the Author

Dan Blystone
Dan Blystone began his career in the trading industry in 1998. He worked as an arb clerk on the floor of the Chicago Mercantile Exchange (CME), flashing orders into the currency futures pits.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
NAGA Main Features
☑️
Regulations
CySEC (Cyprus)
🗺
Supported Languages
English, Spanish, German, Portuguese, Czech, Hungarian, Italian, Polish
💰
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Futures, Mutual Funds, Crypto
💵
Min Deposit
$50
💹
Max Leverage
1:30 (CySEC)
🖥
Trading Desk Type
No dealing desk, STP, DMA
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Check if...
unknownNAGA accepts clients from your country:
Choose your country:

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading derivatives with this provider. This is not an investment advice.

NAGA Full Review

Trust

4.9
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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The European entity of NAGA is governed by the Cyprus Securities and Exchange Commission (CySEC), a top-tier regulator. NAGA Markets is part of NAGA Group AG, a publicly-traded company on the Frankfurt stock exchange. We found NAGA to have a high level of transparency relating to regulation, fees, and the company’s background.

NAGA Markets on the CySEC register

This section will cover how the different entities of NAGA are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

‏Please note: this review focuses on NAGA Markets Europe LTD.

Why is it important to know where your broker subsidiary (entity) is regulated?

Different regulators provide different levels of protection. For example, NAGA clients in the European Union benefit from the oversight of the CySEC. Negative Balance Protection has been implemented by the European Securities Market Authority (ESMA), which means that clients cannot lose more than their deposit.

In addition, when trading with a broker authorized by the CySEC, client funds are also protected by the Investor Compensation Fund (ICF). The ICF protects investments of up to €20,000 if a firm becomes insolvent. By contrast, a trader working with a broker entity regulated offshore would not necessarily have these benefits.

The table below breaks down the protections and benefits by the entity, regulator, and region.

Entity NAGA Markets Europe LTD
NAGA Global (SV) LLC
Country/Region European Union Global
Regulation/Registration CySEC
Saint Vincent & the Grenadines
Segregated Funds Yes Yes
Negative Balance Protection Yes Yes
Compensation Scheme Yes (ICF Up to €20,000) No
Standard Leverage 1:30 1:500*

* Leverage of 1:1000 is available on request.

Regulatory requirements are subject to change. We gathered the data listed above in May 2022.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available.

NAGA Markets has a lengthy operating history of 13 years. The Hamburg based NAGA Group AG has 51-200 employees according to its LinkedIn page, reflecting a medium-sized company.

In our research, NAGA showed a good level of transparency in their regulatory status, with a clear explanation on their Regulation and Licensing page.

Spreads, fees, and market hours are covered on the Market Hours and Trading Fees page. The Terms of Business can be found on the Regulation and Licensing page.

The history of the company and its management are covered in-depth on the company page. Overall, we rated NAGA as having a high level of transparency, better than average for the industry.

Is it Safe to Trade With NAGA?

Overall, we judge that it is safe to trade with the European entity of NAGA. The offshore entity is less safe, in that it lacks protection for clients in the event of insolvency.

Fees

3.9
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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NAGA’s fees vary depending on your account balance, with a range of different tiers. For the account balances up to $2,500, we judged that spreads and swap fees are roughly average for the industry. There are no inactivity fees, but there are withdrawal fees.

NAGA Markets Fees

Trading Fees

We tested the spreads at NAGA across different asset classes using the NAGA Web platform at 8 AM GMT and at 3 PM GMT on June 7th and 8th, 2022. We made our tests at two different times to allow greater perspective. 8 AM GMT is the London open when there is a great deal of liquidity in the forex market and tighter spreads in currency pairs. 4 PM GMT is during the New York trading session.

Instrument Spread AM Spread PM
EUR/USD 1.8 Pips 1.5 Pips
GBP/JPY 4.8 Pips 3.9 Pips
Gold 29 Pips 24 Pips
Light Crude Oil 4 Pips 4.6 Pips
Apple n/a 6 Cents
Tesla n/a 29 Cents
Dow 30 2.6 Pips 4 Pips
Dax 30 3.2 Pips 1.8 Pips

Swap Fees

Swap fees (the cost of holding a position overnight) were average at NAGA.

In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). We recorded the data on May 23rd.

Instrument Swap Long Swap Short
EUR/USD Charge of $5.80 Charge of $0.65
GBP/JPY Charge of $1.50 Charge of $4.30

Non-Trading Fees

NAGA does not charge an inactivity fee, but fees are charged for withdrawals.

Are Fees at NAGA Competitive?

NAGA has largely average spreads and swap fees, with more competitive spreads available for clients with higher account balances. Non-trading fees are kept to a minimum, but there is a withdrawal fee. Overall, we judged NAGA’s fees to be average for the industry.

Platforms and Tools

4.6
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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NAGA provides clients with its NAGA Web App and Mobile App for Android and iOS, which are intuitive and offer cutting-edge copy trading capabilities. MetaTrader 4 and MetaTrader 5, which have advanced functionality and can cater to algorithmic traders, are also available to NAGA clients.

NAGA Web App

Watchlists in the NAGA Web App

The NAGA Web App facilitates trading in over 950 trading instruments ranging from real stocks to CFDs on cryptocurrencies. Watchlists allow users to stay on top of their favorite assets and lists of the most traded instruments. The news feed built into the platform includes stories from in-house analysts and third-party sources, including Reuters and Trading Central.

Charts

TradingView Charts in the NAGA Web App

The platform uses cutting-edge TradingView charts, which feature over 100 indicators, 50 drawing tools, 9 time frames, and 11 chart types. In our view, these feature-rich charts are better than average for the industry.

Order Entry via the NAGA Web App

The NAGA Web platform offers all the standard order types, including market orders, limit orders, and stop-loss orders. Trailing stop orders and one-click trading are not available, although these features are available in MetaTrader.

Setting Price Alerts in the NAGA Web App

The NAGA Web App enables users to easily set price and volatility alerts to appear in the web trader and mobile app or be sent to your email address. Traders can set alerts based on price, market volatility, or pips.

Copy Trading in the NAGA Web App

The NAGA Autocopy feature allows clients to copy leading traders on the NAGA platform automatically and learn from their experience. Users simply need to select traders they would like to copy from the leaderboard and press Autocopy.

MetaTrader 5 for Desktop

MetaTrader 5 for Desktop

NAGA also provides clients with MetaTrader 4 and MetaTrader 5 for desktop, which include advanced functions such as copy trading and automated trading. MetaTrader 5 is available in 31 languages.

The platform provides popular features such as:

  • Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, email, or push notification to a mobile device.
  • Watchlists. Traders can set up a list of their favorite instruments and follow live quotes in a Market Watch panel.
  • One-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Placing a trade with a single click saves time and is especially useful for short-term traders.
  • Trading from the chart. MT5 also allows users the convenience of trading directly from the chart.

Order Types

MetaTrader also delivers when it comes to the range of available order types. The following order types are available:

  • Market Order. This is an order to buy or sell an instrument at the best available price.
  • Limit Orders. This is an order to buy or sell an instrument at a specified price or better.
  • Stop Loss Order. This is an order to buy or sell an instrument that is triggered when the price reaches a specified level.
  • Trailing Stop Order. This is a stop-loss order that can be set at a defined percentage or dollar amount away from an instrument’s current market price. It is used to secure profits when you are in a winning trade while not having to exit the position.

Time in force conditions such as Good ‘Til Canceled (GTC) can be applied to pending orders.

Charting

Charting features are robust. MetaTrader 5 desktop offers:

  • 38 technical indicators. These include classic trend indicators, volume indicators, and oscillators.
  • 44 analytical objects. These include lines, channels, Gann, and Fibonacci tools.
  • 21 time frames Each instrument can be displayed in nine time frames, from one minute to one month.
  • 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts, and Line Charts.

Advanced Features

MetaTrader is also popular due to its copy trading and automated trading features.

  • Trading Signals. Signals in MetaTrader 5 allow users to automatically copy the activity of other traders in real-time.
  • Automated trading. MetaTrader 5 allows users to develop, test, and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then either create a notification or automatically open a trade.

To conclude, the MetaTrader 5 desktop platform is one of the most feature-rich and popular trading platforms globally. It does not have the most beautiful interface, and it does require some time and effort to learn, but that is typical of advanced platforms.

NAGA Mobile App

NAGA Mobile App

The NAGA mobile app includes all the key features from the web app, including the news feed, price alerts, copy trading, and access to over 950 trading instruments. Chat support is available within the app, and users can set up two-factor authentication for increased security.

Order Execution

For the execution of CFD trades, NAGA Markets is a market maker. Market Makers are brokers that act as counterparties to the trades of their clients. NAGA Markets is the main principal of every transaction and based on its risk appetite, it is up to the company to decide how to internalize the clients’ order flow. For real stocks trading NAGA Markets uses the STP (Straight Through Processing) model of order execution. STP involves sending client orders directly to the market.

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading derivatives with this provider. This is not an investment advice.

Tradable Instruments

4.2
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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NAGA shines in the category of tradable instruments, providing trading in forex and CFDs on commodities, stocks, indices, futures, ETFs, and cryptocurrencies. NAGA also offers trading in real stocks. NAGA’s offering is better than average for the CFD industry and is particularly strong in some areas, such as cryptocurrencies.

What are CFDs?

CFDs (Contract for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at NAGA include the following assets:

  • 43 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.
  • 7 Index CFDs. An index is a basket of trading instruments used to gauge a market sector, stocks within an exchange, or a country’s economy.
  • 480 Stock CFDs. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs, you speculate on the price of a stock without actually taking ownership of the underlying company.
  • 5 Commodity CFDs. Commodities are raw products, such as gold, oil, and metals.
  • 25 Cryptocurrencies. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.

In the tables below, you can see a selection highlighting the variety of instruments available at NAGA:

Forex Major Forex Minor
GBP/USD | USD/CHF | USD/JPY | EUR/USD GBP/JPY | EUR/GBP | CAD/JPY | GBP/CHF
CFDs on Indices CFDs on Shares
US 30 | IBEX 35 | UK 100 | China 50 Intel | Glencore | Michelin | Xaomi
CFDs on Commodities CFDs on Cryptocurrencies
Natural Gas | WTI Crude Oil | Silver | Gold Cardando | Polkadot | Dogecoin | Ethereum

Customer Support

4.9
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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NAGA provides customer support via chat, phone, and email 24/7 from Monday to Friday, 9 AM to 5 PM on Saturday and Sunday. We received rapid and satisfactory replies to our inquiries.

NAGA Markets Chat Support

We had a positive experience with customer support at NAGA. We tested customer support with a wide variety of queries, ranging from whether the web app has one-click trading to the order execution model.

Via chat support, users must answer some automated questions, which slows the process down, but after that, the support agents were available relatively fast. Emails were typically responded to within one business day. Via phone, we also received good support. Agents were generally well informed and helpful.

Customer Support Languages
English | Spanish | German | Italian | Polish | Portuguese

Deposits & Withdrawals

3.9
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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A low initial deposit of $250 is recommended to open an account at NAGA. A wide variety of methods are available, from bank wire to credit/debit cards and digital wallets. Deposits are free, but withdrawals can incur a fee depending on the size of your account balance. Processing times are about average for the industry.

NAGA Markets Deposits and Withdrawals

The tables below break down the fees and processing times for each deposit and withdrawal method.

Deposits

Deposit Method Fees Minimum Deposit
Processing Time
Bank Wire 0% $50
2-5 business days
Visa 0% $50 10 minutes
Mastercard 0% $50 10 minutes
Maestro $50 10 minutes
PayPal 0% $50 Instant
Neteller 0% $50 Instant
Skrill 0% $50 Instant

Withdrawals

Withdrawal Method Fees Minimum Withdrawal
Processing Time
Bank Wire $5 $50 24 hours
Visa $5 $50 24 hours
Mastercard $5 $50 24 hours
Discover $5 $50 24 hours
Maestro $5 $50 24 hours
PayPal $5 $50 24 hours
Neteller $5 $50 24 hours
Skrill $5 $50 24 hours

After being processed by NAGA, it can take 3-5 business days to receive your funds. Clients must make withdrawals to the same card or bank account used to make the initial deposit.

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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NAGA offers a live account and a demo account. The account opening process is fully digital and takes just a few minutes. Six VIP levels based on your account balance dictate factors such as the size of the spread, withdrawal fees, and access to trading signals.

Opening an account at NAGA Markets

Account Application

When opening an account at NAGA, clients start by entering their country and mobile phone number. Clients must then enter their basic personal information. To verify their account, clients must provide:

  • Valid ID.
  • Phone number.
  • Proof of Residential Address.

Accounts can be denominated in three base currencies: GBP, EUR, USD and PLN.

NAGA has a system of VIP levels that grants clients various benefits based on their account balance. The VIP levels and benefits are broken down as follows:

Iron Bronze Silver Gold Diamond Crystal
Minimum Deposit $250.00 $2,500.00 $5,000.00 $25,000.00 $50,000.00 $100,000.00
Spread Standard Spreads (e.g. EURUSD 1.7) Standard Spreads (e.g. EURUSD 1.7) Silver Spreads (e.g. EURUSD 1.2) Gold Spreads (e.g. 0.9 on EURUSD) Diamond Spreads (e.g.0.7 on EURUSD)
VIP Spreads (e.g.0.7 on EURUSD)
Withdrawal Fees $5 $4 $3 $2 $1 $0
One on One Tutoring 2 per month 4 per month 7 per month Unlimited
Signals / Research Daily NAGA 5 Trading Signals Daily NAGA 5 Trading Signals Daily NAGA 10 Trading Signals Daily NAGA 15 Trading Signals Daily NAGA 20 Trading Signals
Daily NAGA Unlimited Trading Signals

Demo Accounts

NAGA offers demo accounts for the NAGA web and mobile apps. Demo accounts for MetaTrader 5 are also available. These are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch over to a live account.

Islamic Accounts

NAGA offers a swap-free Islamic account that adheres to the principles of Sharia law.

Leverage

One of the reasons traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

NAGA Markets Europe offers clients leverage of up to 1:30. This means that with an account of $1,000, you can control up to $30,000 worth of positions in the market. Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

Supported Countries

NAGA takes clients from the majority of countries globally. However, NAGA does not offer its services to residents of certain jurisdictions such as the USA, UK, Belgium, Iran, Canada (including Quebec), and North Korea.

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading derivatives with this provider. This is not an investment advice.

Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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NAGA excels in the research category, with frequently updated news and market analysis brought to clients by in-house analysts. Content from third-party sources such as Reuters and Trading Central are also available.

NAGA Research

Research provided by NAGA is available both on their blog and on the web and mobile trading apps. Stories include daily market news, top economic events for the week, and in-depth commentary.

In the web and mobile apps, stories from third-party sources such as Reuters and Trading Central are available. Trading Central signals provide trading ideas, and their award-winning Market Buzz tool is also available via the web app. NAGA has an economic calendar and an earnings calendar available for reference on the website. Overall, we rate the research materials at NAGA as above average in their quality and scope.

Education

4.3
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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NAGA covers all the bases with their educational materials, ranging from webinars to courses and one-on-one tutoring. The material spans written and video content and is suitable for both beginners and experienced traders. Content is frequently updated. We judged NAGA to be above average for the industry in this category.

Naga Education

The NAGA Academy includes articles, videos, platform tutorials, webinars, and ebooks. Articles cover technical analysis, for example, how to use moving averages and fundamental analysis with material explaining major economic releases such as non-farm payrolls.

Video materials address the basics of forex, copy trading, how to use the platform, market analysis, and more. Educational webinars take place roughly once a week and cover technical topics such as harmonic trading and general trading themes, such as risk management.

A range of ebooks is available, explaining trading strategies and topics such as Japanese Candlesticks. NAGA assigns each client an account manager, and one-on-one tutoring is also available. We rate NAGA as above average for the industry with its solid and broad range of educational resources.

The Bottom Line

NAGA has created an innovative and exciting product for traders. A wide range of instruments is available to trade via their intuitive proprietary platforms. Advanced copy trading functionality adds another dimension to the typical CFD broker offering. They have gone the extra mile to provide sound research and educational resources for clients. The fees are not highly competitive but become more so with higher account balances. This is a broker that can cater to both beginners and experienced traders, with the choice of platforms available and some advanced research materials. As a CySEC regulated broker with segregated funds, negative balance protection and a compensation fund, we rate the European entity of NAGA as safe and trustworthy. The offshore entity could improve by offering account insurance from a third party such as Lloyds of London.

FAQ

Where is Naga based?
The headquarters of NAGA Markets is situated in Limassol, Cyprus.

Is Naga safe?
NAGA Markets Europe LTD is regulated by CySEC and offers negative balance protection and segregated funds, making it a relatively safe broker. The offshore entity offers fewer protections.

How does Naga make money?
NAGA makes money with spreads, swap fees, and account-related fees.

How do I deposit funds in a Naga account?
Funds can be deposited via bank wire, Visa, Mastercard, PayPal, Neteller and Skrill.

What is the minimum deposit for Naga?
There is no minimum deposit, but a deposit of at least $250 is recommended.

How can I withdraw money from Naga Markets?
Funds can be withdrawn via bank wire, Visa, Mastercard, PayPal, Neteller, and Skrill.

How long does it take to withdraw money from an account at Naga Markets?
Withdrawals are processed within 24 business working hours.

How much is the maximum leverage at Naga Markets?
The maximum leverage for the NAGA Markets Europe LTD entity is 1:30.

How can I open an account with Naga Markets?
You can open an account by visiting nagamarkets.com.

What platforms does NAGA Markets offer?
NAGA offers MetaTrader4, MetaTrader 5, and the NAGA Markets web and mobile apps.

What are the withdrawal fees at Naga Markets?
The withdrawal fees start at $5 but can fall as low as $0 based on your account balance.

Is NAGA suitable for beginners?
With outstanding educational materials, demo accounts, and good customer service, we rate NAGA as a solid choice for beginners.

Does NAGA offer a demo account?
Yes, NAGA provides a demo account for MetaTrader 5 and for the web and mobile apps.

What is the order execution model at NAGA?
For CFD trading NAGA Markets uses the market maker model and for real stocks STP (Straight Through Processing).

broker

RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.85% of retail investor accounts lose money when trading derivatives with this provider. This is not an investment advice.

See NAGA Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Cyprus
Foundation Year
2009
Regulations
CySEC (Cyprus)
Publicly Traded
Yes
Number Of Employees
100-200
Trading Desk Type
No dealing desk, STP, DMA
Trading platforms
MT4, MT5, Proprietary
Restricted Countries
United States, Canada, Iran, Iraq, Israel
Supported Languages
English, Spanish, German, Portuguese, Czech, Hungarian, Italian, Polish
Min Deposit
$50
Max Leverage
1:30 (CySEC)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Webmoney
Cryptocurrencies
Bitcoin Cash, Bitcoin, Cardano, Dogecoin, NEO, Litecoin, siacoin, Zcash, Ripple, Stellar, Dash, TRON, EOS, Ethereum, Polkadot, Tezos, IOTA
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks, Futures, Mutual Funds, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
No
Managed Account
Yes
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IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMERS
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.