NAGA features a leader board where the most successful traders are ranked, and other traders can view their portfolios, trading history, and various trading statistics. Also, all traders have access to a social news feed and the ability to place their own trades with a variety of order types. The platform also features a sophisticated charting package provided by trading View. NAGA reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
- As for the maximum amount, restrictions apply depending on your location.
- Between 74-89% of retail investor accounts lose money when trading CFDs.
- NAGA.com Forex broker also offers customers additional educational material.
- In general, we can point out that both desktop and mobile platforms of trading are well-designed and the user experience is at its best.
Minimum deposits start at 2,500 USD on the Bronze tier, and https://traderoom.info/naga-broker-overview/ spreads also start at 1.70 pips on the EUR/USD. Traders earn 0.15 USD for each copied trade, and withdrawals cost 4 USD per transaction. Traders also have access to webinars and 5 NAGA trading signals per day.
This platform has the privilege of customization as its a very multifunctional software. A total of 30 technical indications are available alongside thirty more graphing objects. With a few exceptions, overnight fees are levied on nearly every asset because this broker is a CFDs supplier. We attribute this significant growth to the diverse range of trading assets we offer, including forex, ETFs, bonds, cryptocurrencies, commodities, indices, and shares.
- The minimum amount of withdrawal is $50 or equivalent in other currencies.
- The developer, NAGA Markets Ltd., indicated that the app’s privacy practices may include handling of data as described below.
- In addition to standard live accounts, the broker also has demo accounts available for novice traders.
- The migration of existing users from Key Way Group’s trading platform CAPEX.com to the NAGA ecosystem will begin in the next few days.
- NAGA’s social trading environment encourages learning and collaboration, making it an attractive platform for of beginners and professionals.
- She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content.
NAGA trader features commission-free trading on most of its assets with the tightest spreads available on market starting as low as 0.6 pips on EUR/USD and other major Forex currency pairs. The platform also allows the users to buy, sell and manage Bitcoin and other popular cryptocurrencies with real-time exchange and extra security measures. NAGA.com Forex broker also offers customers additional educational material.
Reports related to NAGA BROKERS
NAGA offers better overall trading conditions, including lower costs, algorithmic trading supports, and better compensation for signal providers. We have conducted an in-depth review of eToro and NAGA to determine which one presents the better overall choice and which traders will benefit the most at either broker. Another interesting feature is the Social Trading account, which gained massive popularity in recent years. With the help of auto copying you can copy other traders’ positions and in such a way make more profits. In addition to offering Forex trading services, the company focuses a lot on crypto trading as well.
There are several fees that NAGA brokers administer including commission fees, copy fees, withdrawal fees, and currency exchange fees. The best thing is that most of the financial instruments traded at NAGA platforms are not subject to commission fees. Stock CFDs are traded with 0.20% commission fees, whereas ETFs are subject to 0.10% commission rates. As you may already know the minimum deposit requirement is set to 250 US dollars.
NAGA: Invest in Forex & Stocks
At the moment, the top 10 most profitable traders at NAGA have claimed 486,270 Euros of earnings as of 26th of May 2021 with an average win ratio of 80.04%. You can copy any of these top 10 performing NAGA traders at any time you wish. For every payment method, you need to deposit at least $250 to start trading. As for the maximum amount, restrictions apply depending on your location. NAGA broker offers a single multi – currency account for all markets with 5 basic Fiat currencies to choose from-USD, EUR, GBP, PLN, CHF and a cryptocurrency account. NAGA is an authorized broker with CySEC in Cyprus, which enables IT to serve clients from the EU in accordance with European MiFID and ESMA requirements.
NAGA.com Trading Platform
While this appears to be a bargain, it is rather normal nowadays; nevertheless, its value can be reduced with the NAGA Achievements software. In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system.
She hosts a weekly podcast, “Let’s Talk Forex”, alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers. The NAGA app builds on NAGA’s focus on social and copy trading and allows NAGA clients to trade forex, shares, indices, and more. The app is fully integrated with NAGA’s web trader (see below) and the desktop versions of MT4 and MT5.
We earn commissions from some affiliate partners at no extra cost to users (partners are listed on our ‘About Us’ page in the ‘Partners’ section). Despite these affiliations, our content remains unbiased and independent. We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity.
Good Forex brokers for beginners will help their clients get started. Regulation is the most important consideration when choosing a broker. Learn how regulators protect traders and how the Forex market is regulated. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics.