Score
Cyprus
|
5-10 years
| https://naga.com/
Website
Rating Index
MT4/5
Full License
NagaMarkets-Demo
Influence
A
Influence index NO.1
Germany 6.16
MT4/5 Identification
Full License
Influence
A
Influence index NO.1
Germany 6.16
LicensesLicensed Entity：Naga Markets Europe Ltd
License No. 204/13
Single Core
1G
40G
1M*ADSL
Cyprus
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Thailand
naga.com United States Thailand
VIP is not activated.| NAGA Review Summary | |
| Founded | 1996 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | 4,000+, forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, real stocks |
| Demo Account | ❌ |
| Account Type | Iron, Bronze, Silver, Gold, Diamond, Crystal |
| Leverage | / |
| Spread | 1.1 pips (IRON account) |
| Trading Platform | NAGA Web Trader, NAGA iOS, NAGA Android, MetaTrader, Telegram Mini App |
| Copy Trading | ✅ |
| Minimum Deposit | $10 |
| Customer Support | Phone: +2484671946 |
| Email: support.sc@naga.com | |
| Regional Restrictions | Offers services to residents within the European Economic Area, excluding Belgium |
Νaga Markets Europe Ltd (short for “NAGA”), founded in 1996, is an old brokerage registered in Cyprus. The trading instruments it provides cover forex, cryptoX, shares, indices, ETFS, cryptocurrencies, commodities, futures, and real stocks. Besides, it provides 6 types of accounts and is regulated by CYSEC.
| Pros | Cons |
| Regulated by CYSEC | No live chat support |
| Multiple trading instruments | No Islamic trading account |
| Low minimum deposit of $10 | Demo accounts unavailable |
| Six types of trading accounts | Regional restrictions |
| No deposit/withdrawal fees | |
| Competitive spreads and low trading fees | |
| Metatrader platforms provided | |
| Copy trading available | |
| Various payment options |
NAGA is regulatedby the Cyprus Securities and Exchange Commission (CYSEC). Its license number is 204/13 and the current status is regulated.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Νaga Markets Europe Ltd | Market Maker (MM) | 204/13 |
NAGA offers traders the opportunity to trade over 4，000 tradable assets, including forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, and real stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| ETFs | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Bonds | ❌ |
| Options | ❌ |
NAGA offers 5 different types of accounts to traders, which are Iron, Bronze, Silver, Gold, Diamond, Crystal.
| Account Type | IRON | BRONZE | SILVER | GOLD | DIAMOND | CRYSTAL |
| Minimum Deposit | $10 | $1,000 | $3,000 | $17,500 | $40,000 | $90,000 |
| EUR/USD Spread | 1.1 pips | 1 pip | 0.6 pips | 0.5 pips | ||
NAGA's trading platforms are NAGA Web Trader, NAGA iOS, NAGA Android, and MetaTrader, which can be accessed via PC, Mac, iPhone and Android devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| NAGA platform | ✔ | Web, iOS, Android | / |
| MetaTrader 4 | ✔ | PC, Web, Mobile | Beginners |
| MetaTrader 5 | ✔ | PC, Web, Mobile | Experienced traders |
NAGA's copy trading offers an opportunity to automatically follow good traders and monitor the markets. It created NAGA Autocopy — a tool that lets their clients manage their portfolio without the need to constantly monitor the markets. It charges fees for copy trading.
| Account Type | IRON | BRONZE | SILVER | GOLD | DIAMOND | CRYSTAL |
| Copy Premium All instruments | Earn up to $0.12 per copied trade | Earn up to $0.15 per copied trade | Earn up to $0.18 per copied trade | Earn up to $0.22 per copied trade | Earn up to $0.27 per copied trade | Earn up to $0.32 per copied trade |
| Copy Premium FX PAIRS | Earn up to $0.50 per copied trade | Earn up to $0.60 per copied trade | Earn up to $0.70 per copied trade | Earn up to $0.80 per copied trade | Earn up to $0.90 per copied trade | Earn up to $1.00 per copied trade |
| Copy Premium Popular Assets | Earn up to $0.50 per copied trade | Earn up to $0.60 per copied trade | Earn up to $0.70 per copied trade | Earn up to $0.80 per copied trade | Earn up to $0.90 per copied trade | Earn up to $1.00 per copied trade |
Deposit
| Deposit Method | Minimum Deposit | Maximum Deposit | Deposit Fees | Processing Time |
| Visa | $10 | 35k per transaction | 0 | Instant |
| Mastercard | ||||
| Maestro | ||||
| Diners | ||||
| Discover | ||||
| Equals Money | Depends on the country of residency | 2-5 business days |
| Withdrawal Method | Minimum Withdrawal | Withdrawal Fee |
| VISA | Min. $10 or equivalent to account currency | 0 |
| MasterCard | ||
| Alternative Payment | ||
| BIDV | ||
| ACB | ||
| EMIXM BANK | ||
| DONGA BANK | ||
| SACOM BANK | ||
| TECHCOM BANK | ||
| VIETCOM BANK | ||
| VIETIN BANK | ||
| BANGKOK BANK | ||
| KASIKORN BANK | ||
| KRUNGTHAI BANK | ||
| KRUNGSRI | ||
| GOVERNMENT SAVINGS BANK | ||
| TMB | ||
| SCB | ||
| MAY BANK | ||
| CIMB BANK | ||
| HONG LEONG BANK | ||
| PUBLIC BANK | ||
| RHB | ||
| AM BANK GROUP | ||
| BCA | ||
| MANDIRI | ||
| BNI | ||
| BANK BRI | ||
| CIMB NIAGA |
The firm plans to separately report its financials of three divisions from next quarter.
Hamburg-headquartered NAGA Group AG (XETRA: N4G) is taking another major leap into the crypto industry and is set to launch its cryptocurrency exchange on March 7, 2022.
It will launch an NFT platform. Brokerage revenue for last month came in at €8 million.
The company will use the funds in financing global growth and enhanced marketing measures.
The minimum deposit required to start trading with NAGA is just $10, which I find very accessible for new traders like me. This makes NAGA markets trading easy to get into without a large initial investment.
NAGA is a legit broker in the sense that it is regulated by CySEC. However, it is not regulated by top-tier global authorities like the FCA or ASIC, which could be a concern for some traders. Based on NAGA markets review, I feel comfortable trading with them, but I would still prefer broader international regulatory coverage.
NAGA offers competitive pricing, especially with zero brokerage on equity delivery. For NAGA markets trading, the spreads start at 1.1 pips on the IRON account, which is reasonable. However, for copy trading, NAGA charges a fee based on the copied trades, which is something I need to factor in when using this feature.
The main downside, for me, is the lack of regulation by major global authorities. This makes me cautious about using NAGA markets trading for large investments. Additionally, there are no demo accounts available, which I would have liked to use before diving into live trading.
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Ahmed Amer Almustafa
Kuwait
I’m writing this review to warn others about what I experienced with NAGA, a company that claims to be a regulated trading platform but has shown nothing but dishonesty and unethical behavior. I had a verified trading account with NAGA, and after successful trading activity, I accumulated profits of over $80,000. When I submitted a withdrawal request, my account was suddenly restricted without any explanation. I reached out directly to NAGA’s CEO, Octavian Patrascu, and explained my situation in detail. Instead of helping me or escalating the issue, he blocked me – a shocking and unprofessional response from someone leading a supposedly regulated company. Customer support was no better. They kept spinning vague excuses and trying to justify withholding my profits, even though I never saw, accepted, or signed any bonus terms and conditions. These so-called rules were never displayed at registration or anywhere in my account.
Exposure
Abood Tawfiq
Kuwait
they removed my balance for 59,800 USD without any official reason, just because they said your bouns which it's for 1800 usd has been expired!! BTW there is no terms and conditions once I registered and I didn't request a bouns from them
Exposure
FX2204338593
Thailand
On 27 Jun 2022 I traded the ethusd pair, but at 16.40 System was opened repeatly 5 orders buy NAS100 without my order and auto trade . Made me lose almost remaining money.
Exposure
BenediktMeier
Germany
I can say that NAGA offers a solid trading experience, It is truly a NEXT LEVEL trading platform! But I do experience delays that should be improved for smoother trades.
Positive
markus fischer
Austria
Silver account is for just $3k instead of $5k - bargain!
Positive
antonio esposito
Italy
The reason why I joined the naga broker is because they offer real stocks for investing in different top-companies all over the world. They provide access to more than 10 international exchanges and the diversity of stocks is really huge. I already was making good profits a few times here and withdrawing money, it was a great experience to be honest. I have not had any serious problems, so that’s why I trust them 100%.
Positive
TjahjadiWeimin
Indonesia
I decided to go larger this time and deposited $5k. But, this was worth venture to invest money to, as I`ve already gotten the impact of favourable conditions accounts. For this account, Naga has not only the tighter spreads, but also chance to earn more from copy trading. I don`t have too much followers at the moment, but hopefully someday I`ll be in the leaderboard.
Positive
Fabio de luca
Italy
Even with the recent discount, a Bronze account is still unailavailable to me. No problem. I am an IRON iser. It still gives yu fair conditions with spread and copy trading fee. I appreciate the speed of everything here, including even withdrawal.
Positive
Sebastián Vega
Chile
Despite trading with NAGA copy trading, I found it necessary to educate myself. The articles could be longer, but understanding basic indicators is enough.
Positive
Rafael D.
Spain
That said, I am always thinking if I can afford indices trading. Platform is good. It’s all about your investments and opportunities, Sometimes, you need a high deposit to start with certain tools with any broker though. Just because indices are indices and stock are stock
Positive
JoseLlopis
Spain
I like this copy trading, just relax and other guy will do all work for you, lol😂
Positive