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Overview

A Comprehensive NAGA Broker Review 2022

Regulation and LicenseCySEC
HQCyprus
Founding year2015
Leverage rangeUp to 1:30
Min deposit$250
PlatformsMT4, MT5, Proprietary web trader for desktop, mobile application
Tradable InstrumentsCFDs on Crypto, Forex, Commodities, ETFs, Indices, Stocks, Futures
Demo accountYes
Base CurrenciesVarious base currencies offered
Customer support24/5 support
Active ClientsNot Known
Publicly tradedYes
CFDs on CryptoYes
Websitewww.nagamarkets.com

NAGA Broker review 2022

NAGA broker is a popular forex trading platform that was founded in 2015. The company is based in Cyprus and regulated by CySEC. NAGA broker offers a variety of tradable instruments, including CFDs on crypto, forex, commodities, ETFs, indices, stocks, and futures. The platform also provides a demo account and 24/5 customer support. NAGA broker is a publicly-traded company and offers a variety of base currencies.

NAGA broker offers a wide range of trading platforms, including MT4 and MT5, and also has a proprietary web trader. The NAGA platform is available for desktop as well as mobile applications. In addition, NAGA also offers a demo account so traders can test the platform before committing to a live account. The customer support team is available 24/5 and is always willing to help with any questions or concerns.

NAGA Markets Europe Ltd broker offers a leverage of up to 1:30 and a minimum deposit of $250. Compared to other brokers, NAGA's leverage is on the high side. However, this is because NAGA offers a variety of tradable instruments, including crypto, forex, commodities, ETFs, indices, stocks, and futures. Therefore, traders can use the leverage to trade various assets, which is why NAGA's leverage is so high.

In addition, NAGA offers 1000+ tradable instruments, including over 50 forex pairs. NAGA also provides a variety of base currencies, including USD, EUR, GBP, JPY, and more. Therefore, traders can choose the currency that suits their needs.

In addition, the minimum withdrawal amount is $50, and the maximum withdrawal limit is not mentioned. NAGA also offers a variety of payment methods, including credit/debit cards, bank wire transfers, and e-wallets such as PayPal, Skrill, and Neteller.

naga about
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NAGA safety details

As mentioned above, NAGA Markets Europe Ltd is a popular forex trading platform regulated by CySEC. Therefore, NAGA is a safe and reliable broker. In addition, NAGA Group AG is also a publicly-traded company which adds to the broker's safety.

The NAGA platform has implemented modern security measures like SSL encryption that ensures the safety of traders' personal and financial information. In addition, NAGA also has a segregated account policy that keeps traders' funds safe in case of bankruptcy. The benefit of this feature is that traders' funds are not used for other purposes but only for trading. NAGA also has a Negative Balance Protection policy that protects traders from losing more than their initial investment. It is an essential feature as it ensures that traders do not lose more money than they have deposited into their accounts.

Naga safety information
Naga Policy

NAGA also has a strict anti-laundering policy requiring all traders to verify their identity before depositing or withdrawing. This verification process includes providing documents such as a copy of your passport or ID, proof of address, and proof of income.

NAGA also has an excellent customer support team available 24/5 to help with any questions or concerns. The customer support team of NAGA can be reached through live chat, email, or telephone.

NAGA fees details

NAGA account fees details
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The fee structure of NAGA is transparent, and the spreads start from 1.3 pips. The fee is charged based on the NAGA account you're using and the trade size of your profile. NAGA does not charge a deposit or an inactivity fee which is a positive sign. Moreover, NAGA charges for withdrawals which are 0-5$/€ based on your VIP level, and it's competitive.

Fees TypeNaga
Deposit feeNo
Withdrawal feeYes
Inactivity feeNo
Fee rankingLow/ Average

Spreads fee details at NAGA

In forex trading, spreads differ between the bid and ask prices. The bid price is the price at which the trader can buy the currency pair, while the asking price is the price at which the trader can sell the currency pair. NAGA offers floating spreads that start at 1.3 pips.

The spread range of NAGA is quite tight as compared to other brokers. Forex brokers can take advantage of this because they can save on their trading costs. The advantage of floating spread for forex trading is that it allows the trader to take advantage of market conditions and trade with a smaller deposit.

​​Swap details at NAGA

A swap fee is something that forex and other market traders need to pay for holding an open position overnight. The amount of this fee is variable and depends on the asset traded and the broker itself. NAGA charges a swap fee starting from 0.20% on the notional value in ETFs, which is average in the industry. The overnight fee is deducted from the trader's account balance when a position is kept open after market hours. Moreover, the swap fee cuts down if you've signed up for more premium NAGA accounts, including Gold, Diamond, or Crystal.

Deposit and withdrawal methods at NAGA

NAGA is a well-regulated broker with a variety of deposit and withdrawal methods. The minimum deposit is $250, and the maximum leverage is 1:30. NAGA offers a variety of payment methods, including credit/debit cards, bank wire transfers, and e-wallets such as PayPal, Skrill, and Neteller. The minimum withdrawal amount is $50, and the maximum withdrawal limit is not mentioned on the website.

When it comes to withdrawal, NAGA processes withdrawal requests within 24 hours. However, the time taken for the funds to reflect in your account will depend on the payment method used. For example, using a credit/debit card will take 3-5 business days. However, if you use an e-wallet such as PayPal, Skrill, or Neteller, the funds will reflect instantly in your account. NAGA offers more than 20 methods of deposit and withdrawal.

Moreover, as the NAGA platform follows KYC and AML policies, you will be required to submit documents such as your ID and proof of address before you can make a withdrawal. This additional step ensures your funds' safety and the platform's security. Once you submit the needful documents to the NAGA platform while signing up, the withdrawal process will be hassle-free. NAGA might ask for documents like national ID, passport, utility bill, or bank statement to verify your identity and address.

Both the deposit and withdrawal at NAGA are protected with SSL encryption, ensuring your funds' safety and security. Overall, NAGA is a well-regulated and secure broker with various deposit and withdrawal methods.

Tradable markets at NAGA

NAGA is a well-rounded broker offering a variety of tradable markets, including forex, cryptocurrencies, stocks, indices, and commodities. Especially for forex brokers, NAGA goes the extra mile by offering 50+ currency pairs. Major currency pairs available at NAGA: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD. In addition, some popular minor currencies available at NAGA are EUR/GBP, EUR/AUD, GBP/JPY, CHF/JPY, NZD/JPY, and GBP/CAD. Furthermore, forex traders get a wide range of advanced trading features with NAGA, including market analysis, an economic calendar, and a live news feed.

NAGA also offers a variety of CFDs on stocks, including Apple, Facebook, Amazon, Google, IBM, and more. In addition, NAGA also offers CFDs on indices such as S&P 500, NASDAQ 100, Dow Jones 30, and more. With a leverage of up to 1:30, traders can take advantage of the volatile markets.

In addition to forex and stocks CFD, you can trade major commodities like gold, silver, oil, and natural gas at NAGA. Precious metals like gold and silver are popular among traders as they offer a safe haven during economic uncertainty. Oil and gas prices are also highly volatile, making them ideal for CFD trading at NAGA.

Moreover, if you're into futures trading, NAGA has got you covered with various futures contracts available for trading. Popular futures contracts at NAGA include S&P 500, Dow Jones 30, FTSE 100, NASDAQ 100, and more. In addition, futures contracts give traders a high degree of flexibility as they can be traded for a variety of timeframes.

Leverage details at NAGA

The broker offers a leverage of up to 1:30, which is on the higher side in the industry. It is because NAGA provides a variety of tradable instruments, including crypto, forex, commodities, ETFs, indices, stocks, and futures. Therefore, traders can use the leverage to trade various assets, which is why NAGA's leverage is so high.

NAGA trading platforms

NAGA is known for offering a variety of trading platforms, including MT4, MT5, and their proprietary web trader. The NAGA platform is available for desktop as well as mobile applications. NAGA offers a more vivid and user-friendly trading experience compared to other brokers. Let's look at every platform available at NAGA:

MT4

NAGA offers the popular MT4 trading platform, which is available for desktop and mobile devices. The MT4 platform is known for its user-friendly interface, advanced charting capabilities, and various indicators and expert advisors. In addition, the MT4 platform also offers a variety of order types and execution modes. In addition, MT4 comes in handy for managing multiple accounts. So whether you're a forex trader or a crypto trader, MT4 is the ideal platform for you.

MT5

NAGA also offers the MT5 trading platform, an upgrade from the MT4 platform. The MT5 platform offers improved charting capabilities and a wider range of indicators. In addition, the MT5 platform also offers more order types and execution modes. As a result, the MT5 platform is ideal for advanced traders who require more sophisticated trading tools. Moreover, MT5 is best-suited for trading multiple asset classes.

NAGA Web Trader

NAGA also has its proprietary web trader that is available for desktop and mobile devices. The web trader offers a user-friendly interface and is suitable for all levels of traders. In addition, the web trader offers advanced charting capabilities and a wide range of indicators. The NAGA web trader is also available in multiple languages, making it easier for traders to trade in their language. In addition, the NAGA web trader platform offers a variety of order types and execution modes. You will get all the advanced features that you need to trade effectively.

NAGA mobile trading app

NAGA also has a mobile trading app available for Android and iOS devices. The app offers a user-friendly interface and is suitable for all levels of traders. In addition, the app offers advanced charting capabilities and a wide range of indicators. Moreover, through the app, you can perform all your account management activities, such as deposits and withdrawals.

NAGA demo account

NAGA offers a free demo account so traders can test the platform before committing to a live account. The demo account is funded with virtual money, which can be used to test the platform's features and capabilities. In addition, the demo account can be used to test your trading strategies without risking any real money.

Available accounts on NAGA

Available accounts on NAGA
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NAGA offers six different trading accounts that make the forex trading accurate:

Iron

The Iron account is the basic account type offered by NAGA. The minimum deposit required to open an Iron account is $250. The account provides standard spreads, and no commission is charged on trades. In addition, the account offers a copy bonus of up to $0.12 per copied trade. However, the iron account does not provide a PI Dashboard. In addition, the withdrawal fee of the NAGA Iron account is $5, which is flat compared to the variable price of other brokers. Moreover, the Iron account also offers five daily signals helpful for traders.

Bronze

The Bronze account is the next-level account offered by NAGA. The minimum deposit required to open a Bronze account is $2500. The account provides standard spreads, and no commission is charged on trades. In addition, the account offers a copy bonus of up to $0.15 per copied trade. The Bronze account also provides a PI Dashboard which helps analyze your trading performance.

Moreover, the withdrawal fee of the NAGA Bronze account is $4, which is lower than the withdrawal fee of other brokers. The Bronze account also offers five daily signals that are helpful for traders. Moreover, you also get trade alerts with this NAGA account.

Silver

The minimum deposit required to open a NAGA Silver account is $5000. The account offers standard spreads of 1.2 spreads, and no commission is charged on trades. In addition, the account provides a copy trade earning of up to $0.18 per copied trade. The Silver account also provides a PI Dashboard which helps analyze your trading performance. Moreover, the withdrawal fee of the NAGA Silver account is $3, which is lower than the withdrawal fee of other brokers. Moreover, you also get trade alerts and access to webinars with this account type.

Gold

Gold NAGA is among the premium account types offered by NAGA with a minimum deposit of $25000. The account offers spreads as low as 0.9 pips, and no commission is charged on trades. In addition, the account provides a copy bonus of up to $0.22 per copied trade. The Gold account also provides a PI Dashboard, and you get 15 daily signals with this account type. Moreover, you also get trade alerts, access to webinars, and one-on-one tutoring sessions with this account type.

Diamond

The Diamond account is the highest account type offered by NAGA, with a minimum deposit of $50000. The account offers spreads as low as 0.7 pips, and no commission is charged on trades. In addition, the account offers a copy bonus of up to $0.27 per copied trade. The Diamond account also offers a PI Dashboard, and you get 20 daily signals with this account type. Moreover, you also get trade alerts, access to webinars, and one-on-one tutoring sessions with this account type. You also get access to premium eBooks with this account type.

Crystal

The Crystal account is the account type offered by NAGA for institutional traders with a minimum deposit of $100000. The account offers spreads as low as 0.7 pips, and no commission is charged on trades. In addition, the account provides a copy bonus of up to $0.0.32 per copied trade. The Crystal account also offers a PI Dashboard, and you get unlimited signals with this account type. Moreover, you also get trade alerts, access to webinars, and one-on-one tutoring sessions with this account type. You also get access to premium eBooks with this NAGA account type.

How to open your account with NAGA

Follow these easy steps to open an account with NAGA:

  • Visit the NAGA website and click on Sign Up.

  • Fill in the online form with your details

  • Choose your preferred account type and deposit method

  • Verify your account via email

  • Log in to your account and start trading within 24 hours

NAGA customer support details

NAGA offers 24/7 customer support through live chat, phone, and email. In addition, NAGA has a dedicated customer support team that is always ready to help traders with their queries. Here are the contact details of the NAGA platform:

Phone: +442035197495

Email: Official NAGA Support

Research tools available at NAGA

NAGA is known for its extensive research tools, which are available to all its clients. The research tools at NAGA cover comprehensive functionalities, including:

Trading calculator

The trading calculator at NAGA is a handy tool that allows you to calculate the potential profits and losses from your trades. In addition, the trading calculator also considers the spread and swaps so that you can get an accurate picture of your earnings.

Economic calendar

NAGA's economic calendar is a helpful tool that keeps you updated about all the major economic events. The economic calendar also provides insight into how these events can impact the financial markets.

Earnings calculator

The earnings calculator at NAGA allows you to calculate your potential profits from copy trading. In addition, the earnings calculator also considers the copy bonus and other commissions you may incur.

NAGA price alert

The NAGA price alert is a handy tool that allows you to set price alerts for your trading instruments. In addition, the NAGA price alert also allows you to set price alerts for the events you are interested in.

Educational resources at NAGA

NAGA provides a wide range of educational resources to help traders improve their trading skills. These resources include webinars, e-books, and one-on-one tutoring. In addition, NAGA also provides trade alerts and market signals to help traders make informed decisions. These resources are handy for both new and experienced traders. Moreover, these educational resources of NAGA can help you sharpen your trading skills and improve your chances of making a profit.

NAGA broker in a nutshell

NAGA is a popular online broker offering a variety of trading platforms, including MT4, MT5, and their proprietary web trader. The NAGA platform is available for desktop as well as mobile applications. NAGA offers a more vivid and user-friendly trading experience compared to other brokers. In addition, NAGA also provides a free demo account to test the platform before committing to a live account. All in all, NAGA is an excellent choice for online trading. Especially for forex traders, NAGA offers a great selection of trading platforms and account types.

FAQs:

What is the minimum deposit at NAGA?

The minimum deposit at NAGA is $250.

What is the maximum leverage at NAGA?

The maximum leverage at NAGA is 1:30.

Does NAGA offer a demo account?

Yes, NAGA offers a full-fledged demo account to make trading easier.

Is NAGA a regulated broker?

Yes, NAGA is a regulated broker by CySEC authority.

What are the deposit methods at NAGA?

NAGA offers multiple deposit methods such as credit/debit cards, bank wire transfers, and e-wallets.

What are the withdrawal methods at NAGA?

NAGA offers multiple withdrawal methods, such as credit/debit cards, bank wire transfers, and e-wallets which are the same as the deposit methods.

How do I open an account with NAGA?

You can open an account with NAGA by filling out the online registration form and verifying the account.

Does NAGA support MT4 & MT5?

Yes, the NAGA platform supports both MT4 & MT5 trading tools.

What are the spreads at NAGA?

The spreads at NAGA are floating and start at 1.3 pips.

What is the minimum trade size at NAGA?

This data is unavailable on the NAGA platform, but you can contact their customer support to know more.

How to contact NAGA customer support?

You can contact NAGA customer support through live chat, email, or phone.

Does NAGA offer educational content?

Yes, NAGA offers educational content in videos, e-books, and many more.

Can US residents open accounts at NAGA?

No, US residents are not accepted at NAGA as of now.

How can I change my password at NAGA?

You can change your password at NAGA by going to the Profile section and clicking on the Change Password tab.

What account types does NAGA offer?

NAGA offers six accounts — Iron, Bronze, Silver, Gold, Diamond, and Crysta

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