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A TopBrokers360 NAGA Review for 2023

Challenging the Trading Landscape

NAGA is a globally established brokerage that specializes in CFDs and social trading. The company has focused on creating an online community for traders and investors to find a space where they can put their trading skills to the test and learn from each other via Copy Trading.

NAGA Markets Europe Ltd («NAGA») is a fully authorized and regulated investment services firm by the Cyprus Securities and Exchange Commission (CySEC) with license number 204/13 and also holds a cross-border CySEC license that permits the provision of investment and ancillary services.

As a financial services provider, NAGA is committed to upholding the highest standards of regulatory compliance by abiding by the regulations established under the European Markets in Financial Instruments Directive II (MiFID II), the Markets in Financial Instruments Regulation (MiFIR), and the Cyprus Investment Services and Activities and Regulated Markets Law of 2017 (Law87(I)/2017). The company’s adherence to these regulations ensures that the company operates transparently, according to strict regulations.

Pros and Cons

Pros:

  • Free Demo Account
  • Negative Balance Protection
  • Multiple Financial Products to Trade
  • Free Trading Signals
  • Social Trading Opportunity
  • A Range of Free Trading Educational Materials

Cons:

  • Not Available for Clients in Many Countries
  • Withdrawal Fees

Comparing NAGA’s Diverse Selection of Platforms

Naga trading platforms

Image source: Naga Trading Platforms

NAGA gives traders the opportunity to choose among three different platforms and the ability to trade on the NAGA App (iOS/Android). Each platform has its own features, tools and trading signals. In this way, traders can decide which platform is the ideal choice for them based on their ambitions and needs.

The globally renowned MT4 and MT5 platforms are among the popular choices for beginners and more experienced in the industry. Copy Trading is a feature that characterizes NAGA trading as the company’s vision is based on the idea to create an online community for traders to expand their horizons and learn all about diverse trading tips and strategies from each other.

On the NAGA WebTrader and apps, some of the most dominant features include auto copying, trading signals, and market news feed, helping traders stay ahead of the markets.

Naga trading platforms

Image source: NAGA Trading Platforms

  • Social Trading – Copy Trading
  • Trade Your Chosen CFDs and Trade on the Go With the NAGA App
  • Advanced Technical and Fundamental Analysis Tools
  • Real-time Trading Signals
  • Multi-Currency Accounts
  • 1000+ Financial Products to Discover

Exploring Every Corner of the Global Markets

➟ Find out more about asset options with a NAGA trading account.

Once you create your trading account, you will then have access to the financial markets where you will be able to find a wide variety of currency pairs, CFD stocks, indices, commodities, ETFs, Real Stocks, and Futures.

Instruments:

Forex Pairs:

  • Discover tight spreads on the popular traded EUR/USD, EUR/GBP, and GBP/USD to the more exotic USD/HUF, GBP/NOK, and EUR/SEK.

CFDs on Stocks:

  • Speculate on the price movements of your favorite company’s shares.

CFDs on Indices and Futures:

  • Gain exposure to broad market segments and access a wider range of assets.

Real Stocks:

  • Find over 370 real stocks of global companies.

Commodities:

  • Trade a variety of popular commodities, including silver, gold, crude oil, and more.

ETFs:

  • Experience the diversification of a mutual fund while enjoying the flexibility and growth potential of popular CFDs.

Your Trading Account Options with NAGA

➟Find out more about NAGA’s trading account

NAGA has six different trading accounts to choose from, each with its own benefits. Let’s take a closer look at each account type.

Iron Account

First up is the Iron account, which is NAGA’s basic account type. The minimum deposit required to open an Iron account is $250, and it offers standard spreads. There’s no commission charged on trades, and you can get a copy bonus of up to $0.12 per copied trade. However, the Iron account doesn’t come with a PI Dashboard.

Bronze Account

Next, we have the Bronze account. The minimum deposit required to open a Bronze account is $2500. This account type also offers standard spreads with no commission charged on trades. You can get a copy bonus of up to $0.15 per copied trade, and the Bronze account comes with a PI Dashboard to help analyze your trading performance.

Silver Account

Moving up to the Silver account, the minimum deposit required is $5000. This account type offers standard spreads of 1.2 spreads, with no commission charged on trades. You can get a copy trade earning of up to $0.18 per copied trade, and the account also comes with a PI Dashboard to help analyze your trading performance. The withdrawal fee is only $3, which is lower than other brokers. With the Silver account, you get trade alerts, access to webinars, and five daily signals.

Gold Account

If you’re looking for a premium account type, the Gold account might be the right choice for you. The minimum deposit for this account type is $25000. It offers spreads as low as 0.9 pips, with no commission charged on trades. You can get a copy bonus of up to $0.22 per copied trade, and the Gold account comes with a PI Dashboard. With this account type, you get access to 15 daily signals, trade alerts, access to webinars, and one-on-one tutoring sessions.

Diamond Account

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

Crystal Account

Finally, there’s the Crystal account, which is designed for institutional traders. The minimum deposit required for this account type is $100000. It offers spreads as low as 0.7 pips, with no commission charged on trades. You can get a copy bonus of up to $0.32 per copied trade, and the account also comes with a PI Dashboard. With the Crystal account, you get unlimited signals, trade alerts, access to webinars, one-on-one tutoring sessions, and premium eBooks.

NAGA trading account types comparison

Image source: NAGA Trading Accounts

Focus on Regulatory Compliance

Make sure to review NAGA’s License and Regulation Information

NAGA is a fully licensed and regulated investment services firm, overseen by the Cyprus Securities and Exchange Commission. Their cross-border CySEC license allows the company to offer investment and ancillary services to its clients. In this way, NAGA stays true to its commitment to staying compliant with all relevant EU and local regulations, including MiFID II, MiFIR, and the Cyprus Investment Services and Activities and Regulated Markets Law of 2017.

Reviewing NAGA’s Available Payment Methods

With a variety of funding methods depending on clients’ residency, traders can opt for the one that’s best for them.

deposit methods offered by Naga

Image source: NAGA Deposit Methods

Reaching Out to NAGA’s Support Team

NAGA’s customer service team is committed to delivering professional support to all traders, making it their top priority. Traders can contact customer support via phone or email, based on their location, and receive multilingual services to make inquiries with ease.

Naga Help Centre

Image source: Naga Customer Service

NAGA Broker – Empowering Traders Worldwide with Leading Trading Tools and Features

Why Choose Naga Broker

Image source: Why Choose NAGA

25/05/2023

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