NAGA Forex Broker

NAGA Review SummaryFounded1996Registered Country/RegionCyprusRegulationCYSECMarket Instruments4,000+, forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, real stocksDemo Account❌Account TypeIron, Bronze, Silver, Gold, Diamond, CrystalLeverage/Spread1.1 pips (IRON account)Trading PlatformNAGA Web Trader, NAGA iOS, NAGA Android, MetaTrader, Telegram Mini AppCopy Trading✅Minimum Deposit$10Customer SupportPhone: +2484671946Email: support.sc@naga.comRegional RestrictionsOffers services to residents within the European Economic Area, excluding BelgiumNAGA Information Νaga Markets Europe Ltd (short for “NAGA”), founded in 1996, is an old brokerage registered in Cyprus. The trading instruments it provides cover forex, cryptoX, shares, indices, ETFS, cryptocurrencies, commodities, futures, and real stocks. Besides, it provides 6 types of accounts and is regulated by CYSEC.Pros and ConsProsConsRegulated by CYSECNo live chat supportMultiple trading instrumentsNo Islamic trading accountLow minimum deposit of $10Demo accounts unavailableSix types of trading accountsRegional restrictionsNo deposit/withdrawal feesCompetitive spreads and low trading feesMetatrader platforms providedCopy trading availableVarious payment optionsIs NAGA Legit? NAGA is regulatedby the Cyprus Securities and Exchange Commission (CYSEC). Its license number is 204/13 and the current status is regulated.Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense NumberCyprusCyprus Securities and Exchange Commission (CySEC)RegulatedΝaga Markets Europe LtdMarket Maker (MM)204/13What Can I Trade on NAGA? NAGA offers traders the opportunity to trade over 4，000 tradable assets, including forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, and real stocks.Tradable InstrumentsSupportedForex✔Shares✔Indices✔ETFs✔Cryptocurrencies✔Commodities✔Futures✔Bonds❌Options❌Account Type & Spreads NAGA offers 5 different types of accounts to traders, which are Iron, Bronze, Silver, Gold, Diamond, Crystal.Account TypeIRONBRONZESILVERGOLDDIAMONDCRYSTALMinimum Deposit$10$1,000$3,000$17,500$40,000$90,000EUR/USD Spread1.1 pips1 pip0.6 pips0.5 pipsTrading Platform NAGA's trading platforms are NAGA Web Trader, NAGA iOS, NAGA Android, and MetaTrader, which can be accessed via PC, Mac, iPhone and Android devices.Trading PlatformSupportedAvailable DevicesSuitable forNAGA platform✔Web, iOS, Android/MetaTrader 4✔PC, Web, MobileBeginnersMetaTrader 5✔PC, Web, MobileExperienced tradersCopy Trading NAGA's copy trading offers an opportunity to automatically follow good traders and monitor the markets. It created NAGA Autocopy — a tool that lets their clients manage their portfolio without the need to constantly monitor the markets. It charges fees for copy trading.Account TypeIRONBRONZESILVERGOLDDIAMONDCRYSTALCopy Premium All instrumentsEarn up to $0.12 per copied tradeEarn up to $0.15 per copied tradeEarn up to $0.18 per copied tradeEarn up to $0.22 per copied tradeEarn up to $0.27 per copied tradeEarn up to $0.32 per copied tradeCopy Premium FX PAIRSEarn up to $0.50 per copied tradeEarn up to $0.60 per copied tradeEarn up to $0.70 per copied tradeEarn up to $0.80 per copied tradeEarn up to $0.90 per copied tradeEarn up to $1.00 per copied tradeCopy Premium Popular AssetsEarn up to $0.50 per copied tradeEarn up to $0.60 per copied tradeEarn up to $0.70 per copied tradeEarn up to $0.80 per copied tradeEarn up to $0.90 per copied tradeEarn up to $1.00 per copied tradeDeposit and Withdrawal DepositDeposit MethodMinimum DepositMaximum DepositDeposit FeesProcessing TimeVisa$1035k per transaction0InstantMastercardMaestroDinersDiscoverEquals MoneyDepends on the country of residency2-5 business daysWithdrawalWithdrawal MethodMinimum Withdrawal Withdrawal FeeVISAMin. $10 or equivalent to account currency0MasterCardAlternative PaymentBIDVACBEMIXM BANKDONGA BANKSACOM BANKTECHCOM BANKVIETCOM BANKVIETIN BANKBANGKOK BANKKASIKORN BANKKRUNGTHAI BANKKRUNGSRIGOVERNMENT SAVINGS BANKTMBSCBMAY BANKCIMB BANKHONG LEONG BANKPUBLIC BANKRHBAM BANK GROUPBCAMANDIRIBNIBANK BRICIMB NIAGA