There are a lot of reasons to choose NAGA, if you’re looking for an innovative broker with an emphasis on social networking. NAGA has an extensive copy trading feature called Autocopy, which sets it apart from other brokers, because it allows users to copy the strategies of other traders and earn money from being copied by other traders. Another social-media-savvy feature on the NAGA’s resume is the ability to share your ideas, learn and discuss investing strategies with other traders through NAGA Feed and NAGA Messenger.
Additionally, highlights include MetaTrader 4 and 5, both of which are available for traders. You can trade over 1,000 assets, including Forex, Stocks and CFDs on various instruments. NAGA offers real-time order execution, mobile and web interfaces, and a personal account manager with whom you can talk to via phone, email, or chat. Read on to see the benefits of opening an account with this broker, which is part of a publicly listed company backed by FOSUN, a multibillion-dollar group of companies.
Pros and Cons
Pros
- Extensive Copy Trading Platform
- Very Social-Network-Savvy Broker
- MetaTrader 4 and 5 Offered
Cons
- No U.S. Clients
- Small Withdrawal Fees Apply
Recommended For
A lot of brokers aren’t always the best choice for people who are new to trading. Though NAGA doesn’t offer a ton of educational tools in its suite (though it does have some, as discussed later on), this broker does offer Autocopy trading for demo accounts. New traders can copy the trades of more experienced traders, which makes it seem as though NAGA is great for both novices and experts.
Top Features
- NAGA Autocopy. Trading doesn’t have to require constantly looking at multiple screens filled with charts so that you can stay up to date with news. You don’t have to feel on-edge if you have NAGA Autocopy. With NAGA Autocopy, you can find leading traders and automatically mirror their trading activity and strategies. When they trade, you trade.
- Investing Powerhouse. Trade more than 1,000 assets, including the world’s most popular Cryptos, Stocks, and Forex Pairs. Enjoy the intuitive interface on NAGA’s web trader, use the broker’s mobile app to trade on the go, and keep your wallet from taking a huge hit, thanks to NAGA’s low fees.
- Professional Offering. NAGA has high-level, high-quality charts and tools for those who want to utilize all the information at their disposal. Get free trading education with NAGA’s webinar series, free eBooks, and tutorial videos. With NAGA, you can deposit or withdraw with credit cards, wire transfers, and a variety of other payment methods.
- NAGA Popular Investor. This broker’s “Popular Investor” program allows any trader to share their trading strategies and portfolios to a global network of traders. You can get paid up to $100,000 monthly from the NAGA Popular Investors’ Fund, when you’re copied by other traders on platform.
- Popular Investing App. There are over one million investors that use this trading platform, giving you the opportunity to not only trade, invest, and learn from others, but to also become someone from which other people learn as well.
Overview
- Type of Broker STP
- Regulation & Licensing Cyprus Securities and Exchange Commission (Only for NAGA Markets Europe Ltd)
- Clients Accepted from More than 40 countries in Europe and worldwide
- Assets Offered 1000+ Assets: CFDs on Crypto, Forex, Commodities, ETFs, Indices, Stocks and Futures.
- Platforms Available Web, Mobile, MetaTrader 4
- Mobile Compatibility Android, Apple
- Payment Types Accepted Credit/Debit Card, Bank Wire Transfer, PayPal, Skrill, Neteller, Cryptocurrencies, EPS, Giropay, Sofort, Ideal, P24 and 30+ others
Account Types
| IRON | Bronze | |
| Features | Better trading conditions, lower fees higher copy bonus of $0.12, reduced stock CFDs commission of 0.20%, decreased withdrawal fees are 5 EUR/USD/GBP or equivalent, access to free educational e-Books to learn more about trading | Copy Analytics Dashboard access, better trading conditions and lower fees, IRON-level benefits, higher Copy bonus of $0.15, decreased withdrawal fees of 4 EUR/USD/GBP or equivalent, access to free educational e-Books to learn more about trading |
| Account Currencies | EUR/USD/GBP | EUR/USD/GBP |
| Available Leverage |
1:30 for NAGA Markets Europe Ltd due to CySeC’s imposed leverage limits and 1:1000 for NAGA Global LLC |
1:30 for NAGA Markets Europe Ltd due to CySeC’s imposed leverage limits and 1:1000 for NAGA Global LLC |
| Minimum Deposit | $250 | $2,500 |
| Starting Spreads | 1.7 | 1.7 |
| Commission Per Trade | Reduced Commission on Stock CFDs (0.20%) | Reduced Commission on Stock CFDs (0.20%) |
| Decimal Pricing | Up to 5 | Up to 5 |
| Trading Instruments | Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies and Real Stocks | Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies and Real Stocks |
| Min. Lot Size Per Trade | 0.01 | 0.01 |
| Max Lot Size Per Trade | 50 | 50 |
| Demo Account | Yes | Yes |
| Swap/Rollover Free | Yes | Yes |
| Copy Trading Support | Yes | Yes |
| Silver | Gold | |
| Features | One-on-one tutoring, better trading conditions and lower fees, BRONZE-level benefits, higher copy bonus of $0.18, decreased withdrawal fees of 3 EUR/USD/GBP, 2 sessions of one-on-one tutoring | Reduced spreads, better trading conditions and lower fees, access to premium contests, reduced spreads, higher copy bonus of $0.22, decreased withdrawal fees of 2 EUR/USD/GBP or equivalent, reduced stock CFD commissions of 0.10%, premium contests, 4 one- on-one tutoring sessions |
| Account Currencies | EUR/USD/GBP | EUR/USD/GBP |
| Available Leverage | 1:30 for NAGA Markets Europe Ltd due to CySeC’s imposed leverage limits and 1:1000 for NAGA Global LLC | 1:30 for NAGA Markets Europe Ltd due to CySeC’s imposed leverage limits and 1:1000 for NAGA Global LLC |
| Minimum Deposit | $5,000 | $25,000 |
| Starting Spreads | 1.7 | 1.2 |
| Commission Per Trade | Reduced Commission on Stock CFDs (0.20%) | Reduced Commission on Stock CFDs (0.10%) |
| Decimal Pricing | Up to 5 | Up to 5 |
| Trading Instruments | Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies and Real Stocks | Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies and Real Stocks |
| Min. Lot Size Per Trade | 0.01 | 0.01 |
| Max Lot Size Per Trade | 50 | 50 |
| Demo Account | Yes | Yes |
| Swap/Rollover Free | Yes | Yes |
| Copy Trading Support | Yes | Yes |
| Diamond | Crystal | |
| Features | Platinum spreads, better conditions and fees, NAGA Profile Awareness Boost, reduced spreads, higher copy bonus of $0.27, decreased withdrawal fees of 1 EUR/USD/GBP or equivalent, reduced stock CFD commissions of 0.10%, premium contests, 8 one- on-one tutoring sessions |
No withdrawal fees, VIP spreads, best trading conditions and fees, 20 daily trading signals and so everything from IRON to DIAMOND levels, lowest VIP spreads, higher copy bonus of $0.32, no withdrawal fees, reduced stock CFD commissions of 0.10%, premium contests, unlimited one-on-one tutoring sessions |
| Account Currencies | EUR/USD/GBP | EUR/USD/GBP |
| Available Leverage | 1:30 for NAGA Markets Europe Ltd due to CySeC’s imposed leverage limits and 1:1000 for NAGA Global LLC | 1:30 for NAGA Markets Europe Ltd due to CySeC’s imposed leverage limits and 1:1000 for NAGA Global LLC |
| Minimum Deposit | $50,000 | $100,000 |
| Starting Spreads | 0.9 | 0.7 |
| Commission Per Trade | Reduced Commission on Stock CFDs (0.10%) | Reduced Commission on Stock CFDs (0.10%) |
| Decimal Pricing | Up to 5 | Up to 5 |
| Trading Instruments | Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies and Real Stocks |
Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies and Real Stocks |
| Min. Lot Size Per Trade | 0.01 | 0.01 |
| Max Lot Size Per Trade | 50 | 50 |
| Demo Account | Yes | Yes |
| Swap/Rollover Free | Yes | Yes |
| Copy Trading Support | Yes | Yes |
Compliance & Regulation
NAGA Markets Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Reliability & Security
To gauge trading reliability, it’s important to look at the platforms offered. After all, an unreliable platform will lead to an unreliable trading experience. At NAGA, there are three platforms from which to choose: web, mobile, and downloadable.
Web
The NAGA Web App lets you have all of the features of NAGA, from setting up price alerts to auto-copying, right from your browser. It’s free to create an account, and it only takes a few minutes. The web app supports trading over 950 instruments on the platform.
Mobile
You can download the NAGA app from Google Play for on-the-go trading. The NAGA website doesn’t say anything about an iPhone app, though the Android app has a 3.9– star rating on Google. It’s free to download, and you can have almost all of the regular NAGA features, including Autocopy and chatting with other investors on NAGA Messenger.
Downloadable
For those who want a downloadable client, MetaTrader 4 and MetaTrader 5 are available with this broker. These are the leading trading platforms in the industry, so you’re guaranteed a pretty reliable trading experience if you’re working with them. Autocopy is synced to MT4, so you can still engage in copy trading, even if you’re on the MetaTrader system.
User Experience
We’ve discussed the social networking aspect and platforms at NAGA. Now, we can take a look at an important facet of user experience: the educational tools. Traders don’t always sign up for a broker with a 100% knowledge of what they’re doing. Whenever a broker can expand your knowledge base, that’s a good sign.
The NAGA educational tools include webinars, trading and earnings calculators, economic calendars, e-books, and a help center. You can also contact their customer support team, which is multilingual and available Monday through Friday from 9AM to 12AM.
Final Thoughts
For those looking for a truly social experience, NAGA is for them. In addition to having a wide range of assets with which to trade, NAGA has an extensive copy-trading program, which allows investors to really connect with one another. This broker is excellent for anyone looking to add a social networking aspect to their trading career.
Trading Platform Screenshots
Contact Info
Ariadnis 7, Moutayiaka, CY-4531 Limassol, Cyprus
FAQs
Q: What awards has NAGA won?
A: Often, you can tell the quality of a broker, no matter how new, by what awards they win. NAGA has won the “Best Financial Broker” award at the Forex Expo Dubai 2021. It is also the main sponsor of the Tio Ellinas Porsche GT Drivers.
Q: What are the withdrawal fees with NAGA?
A: The withdrawal fees with this broker depend on what type of account you have. The most you’ll pay to withdraw is $5, if you have an IRON account. From there, the fees decrease by $1 until Crystal, where there is a $0 deposit fee.
Q: How do I get started with NAGA?
A: To get started, and having in mind that you are a resident of the European Union go to nagamarkets.com and complete the required information to register an account. In case you are a resident of a “Third-Country” go to https://naga-global.com/ and proceed with registration.
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