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NAGA Forex broker specializes in providing foreign exchange trading services, the company's official website https://nagamarkets...., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM) to enhance the security of the company's address Agias Zonis 11 - 3017 LIMASSOL (CYPRUS)

NAGA Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
NAGA Markets Europe LTD
Abbreviation
NAGA
Company employee
--
Customer Service Email Address
support@naga.com
Contact Number
+35725041410
Company Website
Company address
Agias Zonis 11 - 3017 LIMASSOL (CYPRUS)
Keywords
10-15 years
Regulated in Cyprus
Market Maker (MM)
Suspicious Scope of Business
Medium potential risk

Company profile

NAGA Review SummaryFounded1996Registered Country/RegionCyprusRegulationCYSECMarket InstrumentsForex, shares, indices, ETFs, cryptos, commodities, futuresDemo Account❌Leverage/EUR/USD SpreadFrom 1.1 pips (IRON account)Trading PlatformNAGA, MT4, MT5Social Trading✅Minimum Deposit$10Customer Support24/5 live chatTel: +35725041410+35725041384Email: support@naga.comSocial media: Facebook, Instagram, YouTube, LinkedInRegional RestrictionsThe European Economic Area, excluding Belgium clients are not allowedNAGA Information NAGA is a regulated broker, offering trading on forex, shares, indices, ETFs, cryptos, commodities and futures with EUR/USD spread from 1.1 pips on NAGA, MT4 and MT5 trading platforms. The minimum deposit requirement is $10. Pros and ConsPros Cons Regulated wellNo leverage informationVarious contact channelsNo demo accountsMT4 and MT5 platformsRegional restrictionsLow minimum deposit requirementVarious account typesPopular payment optionsSocial trading offeredIs NAGA Legit? Yes. NAGA is licensed by CYSEC to offer services.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.Cyprus Securities and Exchange Commission (CySEC)RegulatedΝaga Markets Europe LtdMarket Maker (MM)204/13What Can I Trade on NAGA? NAGA offers trading on forex, shares, indices, ETFs, cryptos, commodities and futures.Tradable Instruments Supported Forex✔Shares ✔Indices ✔ETFs✔Cryptos✔Commodities✔Futures ✔Bonds❌Options❌Account Type Here are six account types NAGA offers:Account TypeMinimum DepositIRON$10BRONZE$1,000SILVER $3,000GOLD $17,500DIAMOND$40,000CRYSTAL$90,000NAGA FeesAccount TypeEUR/USD SpreadIRONStandard - 1.1 pipsBRONZESILVERSilver - 1 pipGOLDGold - 0.6 pipsDIAMONDDiamond - 0.5 pipsCRYSTALVIP - 0.5 pipsTrading InstrumentsCommissionCFDs on forex 0Crypto CFDsCFDs on indices CFDs on stocks 2.50 EURReal stocks 3CFDs on commodities 0CFDs on futuresCFDs on ETFs0.1%Trading PlatformTrading PlatformSupported Available Devices Suitable for NAGA✔Web, IOS, Android/MT4✔Web, mobileBeginnersMT5✔Web, mobileExperienced tradersDeposit and Withdrawal NAGA accepts payments via credit/debit cards, wire transfer, alternative payment methods and direct bank transfer. Deposit OptionsDeposit OptionsMinimum DepositDeposit FeesDeposit TimeVisa$500InstantMastercardMaestroDiners~ 10 minutesDiscoverEurobank2-5 business daysAstrobankEquals MoneyPayPal, P24, Ideal, Eps, Giropay, Skrill, Neteller, Sofort, NeoSurf, PaySafeCard, Euteller, Multibanco, MY BANKInstantAlphabank2-5 business daysDirect Bank Transfer1-2 business days Withdrawal OptionsWithdrawal OptionsMinimum WithdrawalWithdrawal FeesVISAMin. $50 or equivalent to account currency0VISA ElectronMasterCardMaestroNETELLERSKRILLGiroPayKlarnaEPSPrzelewy24EurobankKB

Rating Index

How to login to NAGA?
NAGA Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a NAGA Account Creating an account on NAGA is the first step towards accessing its diverse trading features, including social trading and a wide array of financial i

  

NAGA Forex Broker - Complete Information Guide

  

1. Overview of the Broker

  NAGA, officially known as NAGA Group AG, was founded in 2015. The company is headquartered in Hamburg, Germany, but operates through various offices globally, including its regulatory entity, NAGA Markets Europe Ltd, located in Cyprus. As a publicly traded company listed on the Frankfurt Stock Exchange, NAGA is committed to providing innovative financial solutions to its users.

  NAGA has established itself as a significant player in the online trading space, catering to a diverse clientele of over 1 million registered users. The platform is particularly appealing to retail traders, offering a wide range of financial instruments and a unique social trading environment. The company's development has been marked by milestones such as the launch of its proprietary trading platform and the introduction of features like auto-copy trading, which allows users to replicate the trades of successful investors.

  The business model of NAGA revolves around retail forex trading, CFDs, and social trading services, enabling users to engage with the financial markets in a collaborative manner. This approach not only democratizes access to trading but also fosters a community where traders can share insights and strategies.

  

2. Regulation and Compliance Information

  NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 204/13. This regulation ensures that NAGA adheres to strict operational standards and protects client interests. The CySEC license allows NAGA to operate across the European Economic Area, providing a layer of security and trust for its users.

  In addition to CySEC, NAGA is also registered with several other regulatory bodies, including the Financial Conduct Authority (FCA) in the UK and the Federal Financial Supervisory Authority (BaFin) in Germany. This multi-regulatory framework enhances NAGA's credibility and operational transparency.

  NAGA maintains a robust client fund protection policy by keeping client funds in segregated accounts, separate from its operating capital. Furthermore, NAGA is a member of the Investor Compensation Fund, which provides additional protection for clients in case of insolvency. The company adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all clients are verified to prevent fraudulent activities.

  

3. Trading Products and Services

  NAGA offers a comprehensive selection of trading products, including over 1,000 financial instruments. The platform provides access to a variety of forex currency pairs, including major, minor, and exotic currencies. Traders can also engage in CFD trading across different asset categories, such as indices, commodities, stocks, and cryptocurrencies.

  The forex market on NAGA features a diverse range of currency pairs, allowing traders to capitalize on global market fluctuations. Additionally, NAGA's CFD offerings include popular indices like the S&P 500 and commodities such as gold and oil.

  One of NAGA's unique features is its social trading capability, which allows users to automatically copy trades from experienced investors. This feature, known as auto-copy, is particularly beneficial for novice traders looking to learn from more seasoned participants. NAGA continuously updates its product offerings, ensuring that users have access to the latest financial instruments and market opportunities.

  

4. Trading Platforms and Technology

  NAGA supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing traders with advanced charting tools and technical analysis capabilities. In addition to these platforms, NAGA has developed its proprietary web trader, which offers a user-friendly interface and a range of features tailored to enhance the trading experience.

  The NAGA mobile application is available for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The platform supports various execution modes, including Market Making and STP (Straight Through Processing), ensuring fast and reliable trade execution.

  NAGA's infrastructure is built on cutting-edge technology, with servers located in strategic locations to minimize latency and optimize trading performance. The platform also offers API access for automated trading, catering to the needs of algorithmic traders.

  

5. Account Types and Trading Conditions

  NAGA provides several account types tailored to different trading needs, including the Iron, Bronze, Silver, Gold, Diamond, and Crystal accounts. The minimum deposit for the Iron account is $250, with spreads starting at 1.7 pips. As traders move up to higher-tier accounts, they benefit from reduced spreads, lower withdrawal fees, and additional features such as personal account management and access to exclusive trading signals.

  The Bronze account requires a minimum deposit of $2,500, while the Silver account has a minimum deposit of $5,000. Higher-tier accounts, such as the Gold and Diamond accounts, require deposits of $25,000 and $50,000, respectively, and offer tighter spreads and enhanced trading conditions.

  NAGA offers a demo account for new traders to practice without risking real money. The leverage available on the platform varies by account type, with a maximum leverage of 1:30 for retail clients under CySEC regulations. The minimum trade size is 0.01 lots, and the platform provides clear information on overnight fees for positions held beyond the trading day.

  

6. Fund Management

  NAGA supports a variety of deposit methods, including bank transfers, credit cards, and e-wallets such as Skrill and Neteller. The minimum deposit requirement is $250, and there are no deposit fees associated with funding accounts.

  Withdrawals can be made using the same methods as deposits, with a minimum withdrawal limit of $50. NAGA charges a withdrawal fee that can range from $0 to $5, depending on the account tier. Processing times for deposits are generally quick, with most transactions completed within 24 hours, while withdrawals may take up to 3 business days.

  NAGA's transparent fee structure and efficient fund management processes contribute to a seamless trading experience for users, allowing them to focus on their trading strategies without worrying about hidden charges.

  

7. Customer Support and Educational Resources

  NAGA offers comprehensive customer support through various channels, including live chat, email, and telephone. The support team is available 24/5, ensuring that traders can receive assistance during trading hours. NAGA provides multilingual support, catering to a diverse global audience.

  In addition to customer support, NAGA offers a range of educational resources to help traders improve their skills. These resources include webinars, tutorials, and e-books, covering various trading topics and strategies. The platform also provides market analysis services, including daily reports and insights to keep traders informed about market trends.

  NAGA's educational materials are designed to empower both novice and experienced traders, fostering a knowledgeable trading community.

  

8. Regional Coverage and Restrictions

  NAGA operates in numerous countries, primarily within the European Economic Area (EEA), excluding Belgium. The broker provides services to clients in various regions, including Germany, France, Spain, Italy, and more. However, NAGA does not accept clients from the United States, Canada, Japan, and several other countries due to regulatory constraints.

  The company's regional offices support its global operations, ensuring that clients receive localized services and support. NAGA's commitment to compliance with local regulations enhances its reputation as a trustworthy broker in the international trading landscape.

  In conclusion, NAGA broker stands out as a comprehensive trading platform that combines advanced technology, a wide range of trading products, and a strong focus on social trading. Its regulatory compliance and commitment to client protection further solidify its position in the competitive forex brokerage landscape.

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Latest Reviews

Ali2037

Ali2037

Pakistan

They closed my trades without any notification and reason . My remaining amount withdraw is pending. There spread behavior not acceptable. THERE $7 USD SPREAD BEFORE CLOSE OF THE MARKET AND I CAN SAY IT'S TOTALLY Waste of time and money. Don't trust on this broker please I faced incident and very bad experience 👀

Exposure

05-22

SahdiMlk

SahdiMlk

United Arab Emirates

was meh at first, but with Trump stocks wilding... yeah its fun

Positive

03-06

KlausWeiss

KlausWeiss

Germany

Isn`t the variety, the enemy of the quality?🤔 The more focus you give to certain things, the better results can be extracted. In the case of Naga, I can`t call this claim 100% true, since they provide many accounts, assets and additional service choices, but could more or less save the quality. I can call it from my silver account trading experience there🤷‍♂️

Positive

03-04

NAGA Forex Broker has an overall rating of 6.56, Regulatory Index 6.02, License Index 6.02, Business Index 8.24, Software Index 5.42 Risk Control Index 8.90.