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NAGA Markets Forex broker specializes in providing foreign exchange trading services, the company's official website https://nagamarkets.eu/, the company's legitimate regulatory information CyprusCYSECMarket Maker (MM), to enhance the security of the company's address First Floor, First St. Bank Ltd Building, James Street, Kingstown, VC0100, Saint Vincent & the Grenadines。.

NAGA Markets Forex Broker

Basic information

Registered region
Cyprus
Operating period
--
Company Name
NAGA Markets LTD
Abbreviation
NAGA Markets
Company employee
--
Customer Service Email Address
support@nagamarkets.com
Contact number
+44 20 3966 4543
Company website
Company address
First Floor, First St. Bank Ltd Building, James Street, Kingstown, VC0100, Saint Vincent & the Grenadines。
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

  General Information & Regulation

  NAGA Markets is a spanademark of the NAGA Group AG, a german based Fintech company publicly listed on the Frankfort Stock Exchange which has been s providing services on currency pair markets on since 2015. NAGA Markets is currently authorized and licensed by the Cryprus Securities and Exchange commission, with the registration number 204/13.

  Market Instruments

  Tradable financial products offered by NAGA Markets include forex currency pairs, Real stocks, indices, stock CFDs, Cryptocurrency, Commodities, ETFs.

  Minimum Deposit

  There are six account options on offer on NAGA Markets platform: the Iron account (the minimum deposit of $250), Bronze account (the minimum deposit of $2500), the Silver Account (the minimum deposit of $5,000), the Gold account (the minimum deposit of $25,000), the Diamond account (the minimum deposit of $50,000) and the Crystal Account (the minimum deposit of $100,000).

  Leverage

  NAGA Markets, as an European broker, the company offering fully complies with the EMSA regulation, so the maximum trading leveage available is up to 1:30. However, the professional traders can apply the higher leverage after the status is confirmed.

  Spreads & Commission

  When it comes to spread in these different accounts, the standard spreads in Iron, Bronze and Silver account all start from 1.7 (EURUSD), standard spread for the Gold account from 1.2 pips, for the Diamond Account from 0.9 pips, and for the Crystal account from 0.7 pips. There is also commission reduced for all six accounts, for example, the commission reduced for the first three accounts on stock CFDs is 0.20%, and commission on stock CFDs for the Gold, Diamond, and Crystal account can be reduced by 0.10%.

  Trading Platform Available

  What is worth to be mentioned is that NAGA Markets give investors several options of trading platform, including NAGA Web, iOSApp, Android App, as well as the widely used MetaTrader 4 & 5.

  Deposits & Withdrawals

  NAGA Markets official website shows that it accepts over 20 payments methods for investors to fund their accounts. These payments methods are Visa, Mastercard, Maestro (credit or debit), Wire transfer, popular e-wallet like Neteller, skrill, Giropay, Sofort, Trustly, and some crypto currency wallet (Bitcoin, Ethereum, NAGA Coin, etc).

  Customer Support

  NAGA Markets provide 24/5 customer support via online chat, telephone and email. The customer support team are available to answer traders' questions, help them with any issues that they may have as well as listening to feedback to ensure they keep adding more relevant tools and features to enhance the overall social trading experience. A help centre is also here that covers a wide range of common support queries. NAGA Markets provide contact telephone numbers from multiple countries across the globe.

  Accepted Regions

  NAGA Markets do not establish accounts to residents of certain jurisdictions such as the USA, Japan, Canada, Belgium, Cuba, Iran, Iraq, Syria and North Korea. Their services are not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.

NAGA Markets broker review
NAGA Markets safe or scam

Rating Index

Premium

Minimum Deposit
$10,000

Raw Spread

Minimum Deposit
$500

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Latest Reviews

想飞上天和太阳肩并肩

想飞上天和太阳肩并肩

Australia

This hateful company! I made deposits very fast and when I tried to withdraw they charged me exorbitant fees. What a robbery!

Neutral

2023-02-23

你好,李先生

你好,李先生

Vietnam

This platform is one of the worst I've seen. They took money from my card to fund the account, but they won't let me withdraw using this card or my bank account, even though I've given them all the necessary paperwork.

Neutral

2022-12-20

00119647

00119647

Hong Kong

It is easy to deposit and difficult to withdraw. The button on the right bottom is always grey and they do not response the email.

Exposure

2022-01-04

NAGA Markets Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.40, Software Index 4.00 Risk Control Index 0.00.