In addition, NAGA has a branch in Saint Vincent and the Grenadines, through which it can provide online trading services to international clients. NAGA broker was founded in Frankfurt (Germany) back in 2015 as a FINTECH company that provides access to global markets using decentralized technologies. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. There are some fees on crypto transactions, but fiat transactions are largely covered by the brokerage or their payment service provider.
Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” However, the withdrawals come with fees that start at 5 USD/GBP/EUR or equivalent but can be reduced according to the account types. With the Crystal, account-type traders can enjoy unlimited withdrawals with no additional charge whatsoever. Apart from these fees, the traders at NAGA need to pay copy commissions as well.
Ida is a https://traderoom.info/naga-broker-overview/ financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida’s passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.
Different platforms have various advantages compared to the other one. Compliance with the CySEC rules by a broker gives many guarantees to potential clients. Another safeguard is segregated accounts, which forces the broker to process clients’ finances separately from their own funds.
- Traders earn 0.15 USD for each copied trade, and withdrawals cost 4 USD per transaction.
- Equity CFDs at eToro face a 0.09% commission and a €1.98 to €5.00 flat fee at NAGA, making it cheaper for most CFD traders, but eToro offers commission-free direct share dealing.
- For the best trading experience, you can use Ebooks, courses, tutorials, trade signals, economic and reporting calendars, and many more tools to come in the future.
- Different platforms have various advantages compared to the other one.
- NAGA trading platform offers an innovative auto copy trading feature that lets users copy expert traders without the hustle of creating a trading strategy from their skills.
- 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).
I`m not too excited about trading on broker`s premium accounts, usually they`re similar to the basic with minor differences that are not worth the higher deposit. After understanding the convenience of trading on a bronze account, I decided to play large with a sufficient amount to enter the diamond account. I already could enjoy some unique trading competitions, spreads that are not even visible and certainly the generous commission in copy trading. Overall, I can change my opinion about broker`s premium account, I`m glad that my investment paid off.
We highly recommend having business with NAGA.com Forex broker as it is a decent operator with numerous advantages. Depending on the trading instrument you are going to select, there are almost no commission fees. For example, stock trading is absent from additional charges, which is a massive advantage for the broker. NAGA expands addressable user base with launch of first-ever trading app integrated into Telegram messenger.
Forex Broker Reviews
The average cost for trading one lot of EUR/USD among similar brokers is about 9 USD per lot. This is only achievable on the Diamond and Crystal account tiers, which are prohibitively expensive to open for most traders – requiring minimum deposits of 50,000 USD and 100,000 USD, respectively. Spreads tighten to 0.7 pips (EUR/USD) on its highest account tier, but this is in exchange for a minimum deposit of 100,000 USD, making it inaccessible to most traders. With a focus on social trading, NAGA’s web app allows its customers to copy the trades of top traders, who then earn a commission on each profitable trade. The platform is easy to set up and use, and traders can access multiple technical analysis and charting tools. Both brokers offer traders a balanced asset selection with sufficient trading instruments for most retail traders.
- The execution of orders is provided at high speed, which makes the broker one of the most advanced ones.
- Other brokers, on the other hand, can take up to 72 hours to authenticate supporting documents.
- An additional advantage of the merger is the expanded licensing capabilities, as NAGA and CAPEX.com currently operate in 50 countries, including the fast-expanding MENA region.
- Withdrawals cost 1 USD per transaction, traders receive access to 20 NAGA trading signals per day, and eight one-on-one tutoring sessions per month.
- NAGA’s lead traders can potentially get 1000+ copied trades in a day.
- The NAGA-Capex.com merger was approved by NAGA shareholders last month, with Capex.com controlling shareholder and CEO Octavian Patrascu being installed as CEO of NAGA.
The website is very secure as it uses the new SSL encryption and all six account types are safeguarded with a two-factor authentication process. There are no NAGA Promotions, however, to obtain a better understanding of the subject of Forex trading, a range of mediums are available. For the best trading experience, you can use Ebooks, courses, tutorials, trade signals, economic and reporting calendars, and many more tools to come in the future. The MetaTrader trading platform is available in both versions at NAGA.
Trading Accounts
Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Overall, NAGA’s trust scores and reviews indicate a generally positive user experience, with particular appreciation for its social trading capabilities and diverse instrument offerings. NAGA’s social trading environment encourages learning and collaboration, making it an attractive platform for of beginners and professionals.
NAGA.com Trading Platform
When we talk about brokerage companies it is necessary to point out customer support, which plays a massive role in attracting more customers. The customer support on NAGA.com is available both by phone and live chat. The support team is friendly and ready to answer any questions immediately.
EToro has more than twice as many equity CFDs as NAGA and provides in-house managed thematic portfolios. NAGA offers higher leverage in its non-EU entity and maintains a better cryptocurrency coverage, and both also feature direct share dealing for long-term investors. In addition to standard live accounts, the broker also has demo accounts available for novice traders. If you want to avoid risking real money you can use the demo account and start trading in a virtual environment.
The NAGA-Capex.com merger was approved by NAGA shareholders last month, with Capex.com controlling shareholder and CEO Octavian Patrascu being installed as CEO of NAGA. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. Though third-party fees may apply, there are no deposit fees, and withdrawals typically take 1-3 business days.
The broker also includes tools such as an economic calendar to support decision-making. They get 0.18 USD crypto bonuses per copied trade and 0.70 USD FX bonuses per copied trade. The withdrawal fees are further shrunk to 3 EUR/USD/GBP or equivalent with PI Dashboard support, as well. Furthermore, Silver account holders will be getting 10 NAGA trading signals instead of 5 available for Iron and Bronze account types. Copy-trading, which we have already mentioned several times is an excellent addition that is not available on many brokers’ platforms. With copy trading, you can gain additional income by copying the trades of successful traders that have a proven experience and record of trading.
A third-party tool, Trading Central’s professional analysts use the most advanced technical analysis tools in the industry to curate relevant information. This tool essentially supports traders without the technical know-how to make trading decisions. Trading Central is one of the most popular trading tools available and provides excellent market analysis, and NAGA does well to offer this service to its clients. NAGA’s trading platform support is better than other similar brokers, with MT4, MT5, and its proprietary NAGA app available. Unlike other brokers offering a range of different account options, NAGA offers one live account with different tiers and more benefits linked to higher minimum deposits.