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Regarding the legitimacy of NAGA forex brokers, it provides a comprehensive investigation into the security aspects of regulatory CYSEC, and WikiBit, as well as whether there are any negative scam reviews.

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WikiFX Detection

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Risk Control

Risk Manage

Is NAGA safe?

The regulatory license is the strongest proof.

MM

CYSEC Market Making(MM) 20

Cyprus Securities and Exchange Commission

Cyprus Securities and Exchange Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    Νaga Markets Europe Ltd Νaga Markets Europe Ltd
  • Effective Date:

    2013-06-20
  • Email Address of Licensed Institution:

    regulatory@nagamarkets.com
  • Sharing Status:

    Sharing
  • Website of Licensed Institution:

    www.nagamarkets.com, Naga.com/eu, Naga.com/de, Naga.com/it, Naga.com/es, Naga.com/pl, Naga.com/cz, Naga.com/nl, Naga.com/ro, Naga.com/nt
  • Expiration Time:

    --
  • Address of Licensed Institution:

    Agias Zonis 11, 3027, Limassol, Cyprus
  • Phone Number of Licensed Institution:

    +357 25 041 410
  • Licensed Institution Certified Documents:

11 name

Is NAGA a scam, or is it legit?

The latest exposure and evaluation content of NAGA brokers.

Open an order without a source
On 27 Jun 2022 I traded the ethusd pair, but at 16.40 System was opened repeatly 5 orders buy NAS100 without my order and auto trade . Made me lose almost remaining money.
Deposited money and not credited to trading account and break the port
On Jan. 21, 65, my port started to have problems. There was only a few left so I deposit the money to port. After deposit, the system deducted 20000 from the bank account, but the money did not entre the investment. Depositing money at 1:21 in the morning, the money cannot transfer in. I contacted the staff and they said that they will check it quickly, and I wait until 8:00 in the morning when the port was broken, and the money just arrived. As a result, the money just entered is not left to contact the staff to be held accountable, and they are silent *recommended friends do not use this service to cheat. I got hit by a bro for NAGA cheating not giving rewards it's an iPad and a laptop. Even when all pending orders are closed, the withdrawal will be made and its use will be stopped, and then there will be an event that the deposit cannot support the port. until the port is cleared again
Got cheated on prizes for both ipad and notebook. Broker doesn't give it.
I have participated in the event, and accumulated lots in June and July 2021, and I can do everything and trade according to conditions. The broker announced the winners, both ipads and notebooks with my name on them. The Naga employee said the reward will be delivered to your home. I waited until the end of August. Then, I asked the Naga staff for the reward and received the reply that the prize was delivered from the German headquarters. So I waited another 2 weeks to receive it. There are repeated requests within this period. Several times a month here, officials deflect their words. Taking responsibility between the office in Thailand and the head office and even I sent an email to the CEO in Germany. Quiet story. January 65 NAGA Announces Awards Cessation
Trash platform, unable to withdraw money
Trash platform, unable to withdraw money. Customer service will always only say "checking"
NAGA's latest industry rating score is 5.97, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. NAGA If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.