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Rating Index

Pros

Extensive copy trading platform that allows users to mirror successful traders' strategies.

User-friendly mobile and web trading platforms with a variety of tools and features.

Strong customer support with multilingual options available via multiple channels.

Cons

Relatively high spreads compared to some competitors.

Withdrawal fees apply, which may deter some users.

Limited availability for U.S. clients and certain other jurisdictions.

NAGA TRADER broker Accounts

NAGA Account Types

NAGA offers six different types of trading accounts tailored to various trader needs and expertise levels. The account types are as follows:

Iron Account

Minimum Deposit: $250 (₦103,000)
Average Spreads: From 1.7 pips
Withdrawal Fees: $5
Trading Signals: Up to 4 signals
Access to Webinars: Yes, unlimited
Educational Tools: Unlimited access

Bronze Account

Minimum Deposit: $2,500 (₦1,039,000)
Average Spreads: From 1.7 pips
Withdrawal Fees: $4
Trading Signals: Up to 4 signals
Access to Webinars: Yes, unlimited
Educational Tools: Unlimited access

Silver Account

Minimum Deposit: $5,000 (₦2,000,000)
Average Spreads: From 1.2 pips
Withdrawal Fees: $3
Trading Signals: Up to 4 signals
Access to Webinars: Yes, unlimited
One-on-One Tutoring: Yes

Gold Account

Minimum Deposit: $25,000 (₦103,000,000)
Average Spreads: From 0.9 pips
Withdrawal Fees: $2
Trading Signals: Up to 15 signals
Access to Webinars: Yes, unlimited
One-on-One Tutoring: Yes, four sessions

Diamond Account

Minimum Deposit: $50,000 (₦20,700,000)
Average Spreads: From 0.7 pips
Withdrawal Fees: $1
Trading Signals: Up to 20 signals
Access to Webinars: Yes, unlimited
One-on-One Tutoring: Yes, four sessions

Crystal Account

Minimum Deposit: $100,000 (₦41,500,000)
Average Spreads: From 0.7 pips
Withdrawal Fees: None
Trading Signals: Up to 20 signals
Access to Webinars: Yes, unlimited
One-on-One Tutoring: Yes, unlimited sessions

Additionally, NAGA provides a Demo Account with a virtual balance of $10,000 for risk-free trading practice.

NAGA Broker Account Opening Process

Opening a trading account with NAGA is a straightforward process that can be completed in a few steps:

Visit the NAGA Website: Go to the official NAGA site and click on the "Sign Up" button.
Fill Out Registration Form: Provide your full name, email address, country of residence, and create a password. You may also need to verify your phone number.
Complete KYC Verification: Submit necessary identification documents such as a government-issued ID and proof of address to verify your identity.
Choose Your Account Type: Select from the available account types based on your trading experience and investment goals.
Deposit Funds: Fund your account using various methods such as bank transfer, credit/debit cards, or cryptocurrencies.
Start Trading: Once your account is funded, you can start trading across various financial instruments including forex, stocks, and cryptocurrencies.

The minimum deposit to open a live account is $250, and NAGA offers a demo account for new traders to practice trading strategies without financial risk.