NAGA Forex Broker Review 2022

For example crypto CFDs have minimum limits of 0.01 lots and maximum trade size limits of 30 lots. Some CFDs have minimum order size limits of 1 lot and maximum order size limits of 1000 lots. Yes, NAGA is one of the leading and established brokers, regulated by CySEC . Informative blogs related to trading with NAGA specifically makes it simple for new clients to trade on the website.

How do you trade on NAGA?

Start Trading in 4 Steps

Sign up for NAGA for free and instantly get a demo trading account with $10,000 test funds to try out the platform. Fill in the questionnaire about your trading experience and send us your proof of ID and residence. Make a deposit via any funding method from our list.

Please note that all we could see from your previous comment was your first name and thank made it kind of hard looking through all the Geralds we have in our system. This has now been raised internally for assessment and review by our Team. Eventually, Naga constantly add on innovations and new challenges that allow rapid development of the company and its clients as well.

Naga Trading Platform

NAGA traders have made millions of trades across 1,000+ instruments including Stocks, Forex, Indices, Commodities, Cryptocurrencies, and more. You can invest in multiple markets all from one account and platform. I am impressed how they even allow investing in real stocks so that you can buy and sell the shares of world’s biggest public companies on NAGA. Demo accounts on NAGA FX broker pretty much explain themselves – you are not required to deposit any money and in the virtual environment, you can get acquainted with Forex trading.

Use the platform that makes your trading experience better in so many ways, communicate and learn from other traders, and copy or get copied by other traders. Get free educational materials, attend free live seminars, download free trading eBooks, and watch free online webinars. No matter if you’re a beginner or professional trader, NAGA has got you covered. Follow other traders like you and grow your own following in NAGA’s community – a place where you can manage your assets, with people copying your trades. NAGA has a reputation of a reliable online brokerage that comes with a wide range of useful trading tools, financial instruments and very innovative social trading environment.

Platforms and Tools

We believe that the best decisions are always made when one has all the facts reviewed and assessed as well as having a first-hand experience. I have been fighting is etoro safe with their accounting department for two weeks now to get my funds back. Let other traders know if this service is worth checking or should be avoided.

naga brokers review

NAGA provides a commission-free model; when trading with most of the instruments, which includes forex, commodities, cryptocurrencies, and futures. Moreover, profits are earned from the spreads, which are competitive, with currently USD/Euro spread cited at 1.2 pips. As per our NAGA reviews, it offers clients several methods to withdraw and deposit funds. This comprises credit or debit cards, cryptocurrencies, wire transfer, Skrill, Neteller, Trustly, GiroPay, and NAGA Card. Although there are several recognized brokers in the market today, the most recommended one is the Naga Markets.

A user must have made more than 10 trades of significant value each quarter of the previous year. Perhaps the most important part of the registration process is the Know Your Client verification roboforex app stage. You will be requested to submit some documents for identification, and only after these have been processed and approved will you be allowed to go ahead and begin trading.

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of varalen capital markets the company, and how transparent they are in terms of information being readily available. Visit our methodology page to learn more about our review and rating process.

Leverage

Opening a NAGA account is very simple and the process does not take long to complete. From start to finish, all the requirements can be boiled down into four easy steps. The NAGA Group AG is the holding company of various companies, such as NAGA GLOBAL LLC, NAGA MARKETS EUROPE LTD, NAGA Technology GmbH, NAGA Pay GmbH and has a close link with NAGAX Europe OÜ.

naga brokers review

NAGA is a social investing network with a modern and user-friendly platform that is suitable for all levels of trader. I am very impressed with the abundance of features including individual trading, copy trading, personalised portfolios, advanced charting tools, market analysis and insights, NAGA wallet and much more. They give you a wide selection of trading instruments to choose from with competitive fees and various account funding options.

TradingBrokers.com aim to provide unbiased broker reviews to give traders a clear understanding of the different brokers available to them. Traders can use our free service but should do their own due diligence and make their own decisions. Rates, terms, products and services on third-party websites are subject to change without notice. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Using the account gives you access to the NAGA platform and community, with all its features and large range of trading instruments.

NAGA for iOS

Even though it might appear to be insignificant in a single trade, over some time, small differences may add up to a larger sum. Succinctly put, the lower the cut, the higher will be the profit. NAGA is a well-known trade mark of the NAGA Group AG, which is a German-based fintech company and it is publicly listed on the Frankfurt stock exchange.

What is much more accessible is NAGA Protector, which helps traders minimize losses and lock in profits. While you get a demo account as standard when you sign up for a NAGA account, don’t be tempted to think this is enough to get you started. You get a personal account manager who will provide professional support by phone, email, or chat. While the iOS users are pleased with the app, it’s recently been the opposite sentiment generally from Android app users. Over on Google Play, the NAGA app rates only a 3.7 out of five scores from almost 4,500 ratings. If you’re not a big MT fan, you can access all of NAGA’s features and tools directly from your browser instead.

Is NAGA a regulated broker?

NAGA is a regulated international broker whose terms and conditions are perfect for professional traders and experienced investors with a focus on stocks.

One of the most amazing features that NAGA Autocopy presents to its active traders is the possibility to become a strategy provider yourself and let others copy your trades. NAGA will reward you with a bonus every time your trade gets copied on its platform. The broker promises to pay up to 100,000 euro fixed monthly payouts in real cash based on how many copies your trades will be getting. 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.

Traders Reviews

The investor pays a predetermined commission fee from his profit to the trader for successful transactions. For example, Iron Account signal providers earn a commission of 0.5 USD per copied trade, while Crystal Account signal providers earn up to 1.20 USD per trade. Overall, NAGA offers a wider range of funding and deposit methods than most other brokers. However, while deposits are free, NAGA charges high withdrawal fees. Our NAGA review was also impressed with the overall feel of the website. Despite a comprehensive offering of financial services, everything is intuitively laid out and the trading platforms are well integrated with the NAGA website.

Naga mentions on its website offering of the lowest spreads for all traders despite trading account size, so any investor will get better trading conditions. Typical spread for EUR/USD is 1.2 pips, which is considered a good spread among the industry offering. As for other instruments, there could be commission charges for some assets which you will find directly from the platform. NAGA may have flown under the radar for some time as not too many traders have heard about it before.

Between 74-89% of retail investor accounts lose money when trading CFDs. Crypto trading has become increasingly popular in recent years, so it seems as good a place as any to start our NAGA review. The platform puts in a fairly strong performance when it comes to cryptocurrency – not least because it has its own token – NAGACoin, which in 2017 was the world’s 18th largest ICO. In addition to NAGA bitcoin trading, users can also store their cryptocurrency on the platform via its native wallet.

Watchlists allow users to stay on top of their favorite assets and lists of the most traded instruments. The news feed built into the platform includes stories from in-house analysts and third-party sources, including Reuters and Trading Central. NAGA has a user-friendly and intuitive platform, making it straightforward for beginners. As well as providing the ability to trade and invest, the NAGA app has a social element in that you can interact with other traders. NAGA offers trading in CFDs on futures and real stocks, which are not widely available at other CFD brokers. NAGA offers a wide range of trading tools including price alerts, trading signals, and risk management tools.

Indices allow you to invest in instruments that reflect the performance of a particular segment or market. The purchase and sale of precious metals – silver, gold, and platinum are available for the purpose of insurance against risks. ETFs allow you to speculate on the movement of entire industries. Cryptocurrencies are offered in the context of secure trading of major digital currencies with blockchain-based decentralization functionality. Commodities open up new trading opportunities for you, working with energy and commodities around the world.

Each is customizable so that you can arrange the indicators, toolbars, and other furniture to mirror your trading style and personal preferences. Traders can make posts about their strategy and the market on their feed within the social part of the platform to market themselves to traders who copy. This includes the normal social features such as likes and followers, along with copiers. The minimum deposit method for all payment methods is $250, which is more than many other brokers who may have no deposit minimum, $50 minimum, or $100 minimum. They provide customizable charts and educational tools for users with live accounts. For instance, to open a crystal trader account, traders need a minimum deposit of EUR 100,000.

These spreads are variable starting from 0.7 pips on the EURUSD. The calendar displays the date and time of upcoming global economic releases and market events. You can see the currency that will be impacted along with the previous/forecast/actual results of the releases. Using this calendar can help as part of a fundamental analysis and keep traders up to date with the latest market movements.

The former two support automated trading solutions and are ideal for advanced traders. An investment into third-party add-ons is required to fully unlock the potential of both MT trading platforms. The latter is designed similarly to a social media platform, supporting NAGA social trading and auto-copy. MT4 does not support real stock trading, MT5 grants access to all assets, and the NAGA Web app gives traders access to all services. However, their only real competitor in social trading, eToro, is beating them in terms of users, number of instruments supported, fees, educational resources, and cryptocurrency exchange functionality.

Absolute scam, the app and web are broken and they just play with you until they rip you off all your of money. Regardless, we can see from our system that our team has attempted to contact you several times over the phone but without any luck. We have raised this internally on your behalf and a member of our team will be contacting you soon in order to assist you further. Now that you provided us with your email address we managed to locate your NAGA account.

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