Naga Rated 2/5

Naga Guide - Read our In Depth 2024 Naga Review

This detailed Naga review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading.
*This content does not apply to US users.

Learn more about Naga.

Benefits of Trading with Naga

Naga Review 2024 Quick Summary
💰 Min Deposit 250
👱‍♂️ Used By 650,000 Naga users and traders
📆 Founded 2015
🌍 HQ Cyprus
👮‍♂️ Regulation Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591
🚫 Excluded Countries Naga is not available in the following countries : US, AU, IR, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX

Open Naga's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is Naga?

Naga are a financial trading platform and broker. founded in 2015

Over 9 years later Naga now serves over 650,000 retail investors Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading.

Naga are not a global broker as they are not allowed to operate in some major geo regions. Naga have a head office in Cyprus.

Naga have a listed stock symbol. This means that Naga have publically listed and you can officially buy/sell shares in Naga on one of the worlds global stock market exchanges.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Naga review and assess how well the Naga platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Naga. Choosing or shortlisting a trading platform like Naga can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Naga.

As a result, selecting the right trading platform like Naga requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Naga available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Naga requires thorough due diligence and careful consideration. Some Naga trading features can be complex when trading on mobile or using the Naga online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Naga trading tools properly. In our review of Naga we explain the pros and cons. What Naga offer, countries Naga are available in. Who Naga are regulated by and more.

Naga Review Screenshot

When it comes to online trading with brokers like Naga, carefully review Naga as your broker can make or break your success. Choosing the right broker is essential to ensure your Naga investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Naga review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Naga. You must also ensure the Naga broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Naga needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Naga into easily digestible information in this Naga review. We want to ensure you have all the knowledge necessary to use the Naga trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Naga are the key to successful trading, so we've provided this detailed Naga review. So, take a seat, grab a cup of coffee, and dive in to learn about Naga and how it can benefit you or if Naga is not for you.

Online investing with Naga can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Naga, evaluating the Naga platform is important. Evaluation includes researching the Naga management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Naga. That's why it's essential to understand the Naga company policies and practices before making any investment decisions. By doing your due diligence and understanding Naga platform, you can make informed investment choices that align with your financial goals. So take the time to research Naga thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Naga review you need to determine if Naga is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Naga, so you can make a more informed decision and compare other brokers against Naga.

If you want to look at some Naga alternatives that might better fit your needs, we list and compare some of the best Naga alternatives further down this Naga review.

Trading online with Naga requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the Naga trading tools and features. You must know what you are doing when trading with Naga. That's why we've compiled this detailed Naga review with some important information that will hopefully make you more informed when online trading with Naga.

Naga Review Table of Contents

Naga review
Naga is a Multi-Assets Trading Platform with over 950+ Assets

Learn more about Naga. Naga is a multi asset platform with 950+ tradable Assets. Assets available on Naga include Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading.

Naga trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading are considered financial assets.

Features of Naga

Naga review
What you should know

Naga offer seven ways to trade: Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading. The assets and products available to you on the Naga trading platform depends on the region of the world, you are in and the Naga entity you have an account.

With Naga you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with Naga platform.

Naga are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Naga safe?

When considering Naga for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Naga, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2015, and in operation for 9 years Naga have a head office in Cyprus.

Naga is regulated. This means Naga are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 regulatory bodies.

Naga withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Naga are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Naga are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Naga and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Naga has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Naga will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Naga, you can enjoy peace of mind and focus on your trading activities. If Naga violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with Naga?

All payments made to Naga by traders are securely held in a segregated bank account.

Naga uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Naga use them?

Naga partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Naga clients' funds.

Naga clients can have greater confidence in their financial security when working with a Tier 1 bank because Naga are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Naga deposited in a Tier 1 bank?

Depositing funds with Naga ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Naga were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Naga is a secure and safe platform.

Please be aware that trading in financial assets with Naga carries a risk of loss. Naga trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Naga emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Naga, let's closely examine its features.

To better understand the Naga trading platform, you can create two separate accounts - one with real money and the other a Naga demo account. A Naga demo account provides a risk-free environment for experimenting with the Naga platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Naga trading decisions.

Open a demo account Visit Naga

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Naga as a Company Compare Against Other Brokers

Broker naga IC Markets Roboforex eToro
Year Established 2015 2007 2009 2007
Head Office Cyprus Australia Belize Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 650,000+ Naga users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Naga Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

Naga review
Naga Pros and Cons

What we like about Naga

  • Used by over 650,000 Naga users and traders
  • Established in 2015
  • Regulated by Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591
  • Min. deposit from $250

What we don't like about Naga

Naga review
Naga Regulation and Licensing in more detail

Naga is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Naga going into insolvency. Naga compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Naga to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Naga traders.

  • Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13
  • Financial Conduct Authority (FCA) no. 609499
  • The Federal Financial Supervisory Authority (BaFin) reg. 135203
  • Commissione Nazionale per le Società e la Borsa (Consob) reg 3844
  • Comisión Nacional del Mercado de Valores (CNMV) reg 3591

Naga is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Naga you should be sure they're legitimate online agent.

Is Naga Global?

No, Naga is not global, Naga is not available globally as Naga is not available in some major trading countries.

Naga is restricted in some major geo regions.

Naga review
Naga Fees Explained

  • Naga withdrawal fees varies on payment method
  • Naga does not charge a fee for inactive accounts.
  • Naga doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Naga are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Naga Costs To Check

Modern brokers like Naga provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Naga may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Naga trading profitability.

How Naga Fees Compare Against Other Brokers

Broker naga IC Markets Roboforex eToro
Min Deposit 250 200 10 100
Withdrawal Fees varies No Yes Yes
Inactivity Fees No No No Yes
Deposit Fees No Varies No No
CFD Commission Fees Yes Yes No Yes

Naga Minimum Deposit

Naga requires a minimum deposit of 250 GBP/USD/EUR when opening an Naga trading account.

A minimum deposit is the minimum amount of money required by Naga to open a new online brokerage account with them.

Don't be scared off by brokers like Naga charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Naga, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Naga Withdrawal Fees

The fees for withdrawing funds from your Naga account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Naga withdrawal request is important.

Naga Withdrawal rules may vary across different brokers when it comes to transferring funds from your Naga or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Naga may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Naga withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Naga. Researching and comparing Naga withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Naga funds frequently or dealing with large sums of money. Awareness of these Naga fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Naga funds.

For example, Naga allows you to withdraw your funds to Bank Wire transfer, Debit cards, Visa, MasterCard, Boleto, China UnionPay, iDeal, GiroPay, EPS, P24, Trustly, .

Naga Inactivity Fees

Naga does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Naga terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Naga fees and services. It's recommended that you check the Naga website before signing up. If you decide to close your Naga account, it's important to do so with the Naga broker customer support and obtain confirmation that no remaining Naga fees are due.

Brokers like Naga must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Naga Deposit Fees

Naga does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Naga Commission Fees

Naga does charge commission on CFD instruments.

Brokerage firms like Naga may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Naga trading account level held by the trader.

Naga may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Naga terms and conditions to understand the commission fees and any other charges that may apply is essential.

Naga review
What can you trade with Naga?

It's essential to note that the trading instruments offered under the Naga brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Naga trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with Naga over 950 instruments in fact.

If you want to trade currency pairs on global Forex markets, Naga offer over 45 currency pairs.

Naga Compared To Other Brokers

Compare Naga with IC Markets and Roboforex below.

Your capital is at risk

How Naga Trading Options Compare Against Other Brokers

Broker naga IC Markets Roboforex eToro
Instruments Available 950 2250 100 5000
Platforms MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 45 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 450 2100 0 2042
UK Shares No Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Naga
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider.

Naga review
Trading on Naga web platforms and other applications

Naga is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Naga is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

A Naga iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Naga also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Naga's platforms

Is the Naga Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Naga trading platform to protect you on PC and mobile Naga platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Naga web trading platforms.

Naga Trading Platform Options

After logging into your Naga account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • cTrader

Let's explore each of these trading platforms in detail and what options Naga gives you.

Naga review
Naga MetaTrader 4 (MT4)

Naga MetaTrader 4

Naga MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Naga offers traders comprehensive features and tools to enhance their trading performance. The Naga MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Naga platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Naga traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Naga traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Naga trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Naga MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Naga, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Naga MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Naga allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Naga in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Naga MetaTrader 4 is compatible with the latest macOS. Naga allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Naga

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Naga MetaTrader 4 on iOS Devices

You can download the Naga app or trade with Naga through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Naga customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Naga MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Naga offers its clients access to the MetaTrader 4 platform on these devices. With the Naga MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Naga traders to stay on top of their trades and react quickly to changes in the market. With the Naga MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Naga MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Naga are a powerful bundle of three major indicators designed to help traders make informed decisions. Naga MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Naga traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Naga traders to potentially stay one step ahead.

Naga MetaTrader 4 Advanced Trading Tools

The Naga MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Naga traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Naga provides traders with everything they need to succeed. The Naga MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Naga traders to analyze the market at any level of complexity.

Trade Naga MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Naga MetaTrader 4 & MetaTrader 5 AutoChartist

Autochartist on the Naga platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Naga MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, Naga traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Naga users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Naga traders can navigate the platform and find the information they need to make informed trading decisions.

Naga Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Naga traders of all experience levels.

Naga review
Naga MetaTrader 5 (MT5)

Naga MetaTrader 5

Naga MetaTrader 5 (MT5) In Detail

Naga MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, Naga MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on Naga provides the convenience of using automated trading systems and copy trading, giving Naga traders competitive research tools in the financial markets.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Naga MetaTrader 5 WebTrader

Access your Naga MetaTrader 5 accounts from any web browser. MT5 on Naga features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

Naga review
Naga MT5 Buying and Selling

Naga MetaTrader 5 Buying and Selling

Naga MetaTrader 5 on iOS Devices

Naga MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Naga MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Naga MetaTrader 5 on Android Devices

The Naga MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the Naga trading server. Take the time to understand all of the Naga Android MetaTrader 5 features. With Naga MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

Naga Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

  • Naga Financial instrument quotes
  • View in-depth price charts of financial instruments with Naga MetaTrader
  • Manage trades and open positions on Naga MT4 & MT5
  • View your Naga trading history
  • View market news
  • MetaTrader internal messaging on Naga
  • View and research market statics of Naga financial instruments
  • Naga Position opening and closing
  • Lookup symbols in the Naga MetaTrader quotes section
  • Display of deals on Naga graphs
  • Naga Timeframe selection for graphs and charts
  • Additional vertical scaling of Naga graphs
  • Capability to transfer Naga accounts to other devices using QR codes
  • Information is available only if it's supplied by Naga
  • Access the OTP generator through FaceID or fingerprint with Naga

Naga MetaTrader 5 Advanced Trading Tools

Naga MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

  • Naga MT5 Depth of market bids and asks
  • Financial Price Data on Naga
  • Margin Calculation, Futures, Forex on Naga
  • Advanced Techincal Analysis on Naga MT5
  • One click trading on Naga MT5
  • Naga Spreads
  • Naga Futures
  • Naga Trading Reports

Naga review
Naga cTrader

Naga cTrader

Naga cTrader In Detail

Naga cTrader is a versatile trading platform supporting Forex and CFD brokerages. With various features, it caters to every investment taste.

Naga offers cTrader Premium Charting and Manual Trading Platform

Naga cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, Naga level II pricing, and fast execution. The Naga cTrader platform's intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for Naga traders.

IC Markets cTrader

cTrader Copy available on Naga

Naga cTrader Copy empowers everyone on the Naga platform to share their investment and trading strategies for a fee or commission. Naga cTrader users can search and replicate the approaches available when investing. Furthermore, Naga traders can use their risk management configurations.

IC Markets cTrader Copy Trading

cTrader Automate available on Naga

cTrader Automate allows Naga traders to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the Naga cTrader IDE, which allows developers to optimize and test their financial robots.

cTrader Open API available on Naga

Build your Naga trading software using cTraders Open API. It is a free, secure and publicly available API for all. Naga developers can use cTrader's mature infrastructure to construct desktop, mobile and online software. The open API allows Naga trading developers to interact and interface with any Naga cTrader account.

You can learn more about the cTrader Platform Here.

Naga Trading benefits

  • Naga Allows scalping
  • Naga Offers STP
  • Naga Low min deposit

Naga Trading Accounts Offered

Below we give an overview of the account types that Naga offer. Whatever you are looking to trade, the varying Naga account types will be able to provide you with what you need.

  • Naga Demo account
  • Naga Standard account
  • Naga STP account
  • Naga Islamic account

Can I try Naga?

Naga provides a demo account that enables individuals to explore trading before investing their funds. By creating a Naga practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Naga demo account can help individuals to make informed decisions before investing their money.

Open a demo Naga account to practice and trade.

Your capital is at risk

Naga withdrawal and funding methods

It's essential to remember that the payment methods provided by Naga vary based on the Naga entity and the Naga client's country of residence. To view the Naga payment options available, you can log into your Naga member's area.

Naga offers various funding payment methods listed in your Naga dashboard if available in your region. To learn more about the Naga funding and withdrawal options available in your area, you can explore the Naga website.

Naga provides several payment methods for funding your Naga account. You may utilize any of these deposit options if they are available in your region. Naga ensures that users have multiple payment methods to choose from, making it more convenient for verified Naga account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Naga user's location. learn more about Naga funding and withdrawal methods.

Naga Payment Methods

Some Naga payment methods are local and are available only to specific regions. Naga account holders should check which payment methods are provided in your region.
  • Naga accepts Bank Wire transfer
  • Naga accepts Debit cards
  • Naga accepts Visa
  • Naga accepts MasterCard
  • Naga accepts Boleto
  • Naga accepts China UnionPay
  • Naga accepts iDeal
  • Naga accepts GiroPay
  • Naga accepts EPS
  • Naga accepts P24
  • Naga accepts Trustly
Broker naga IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available Naga and other broker payment methods depend on the clients country of residence.

How can I start trading with Naga?

To open a trading account with Naga, individuals can sign up on the Naga website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Naga account validation and making a deposit. Once completed, Naga users can download the trading platform of their choice.

It's important to note that Naga requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Naga maintain a trustworthy financial environment for its 650,000 users. Detailed information on the Naga trading platforms is available on their website.

Your capital is at risk

Performing trades with Naga

When using Naga, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Naga have a max trade of varies. With STP execution on the Naga platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, Naga margin requirements can differ depending on the traded instrument.

CFD Trading on Naga

We will show you an example of the basics of using Naga leverage.

CFD trading on Naga allows traders to speculate on the price movements of various financial instruments against the broker Naga, without actually owning real assets. With CFDs, Naga traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Naga provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Naga leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Naga trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Naga leverage magnifies both profits and losses in trading.

Trading CFD trades on the Naga platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Naga traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Limit Risk When Trading with Naga Stop Loss, Naga Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as Naga . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for Naga traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an Naga trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide Naga traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with Naga, you must actively monitor your live trading portfolio and financial exposure on Naga.

Education Resources at Naga

To trade effectively with Naga, it's important to have a good understanding of the Naga trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Naga and externally.

Naga . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Naga. Familiarizing yourself with the Naga trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Naga. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Naga involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Naga, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Naga. Explore the Naga platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Naga, before live trading.

Customer Support at Naga

As part of our Naga review, we review customer service options, response times and problem resolution effectiveness on the Naga trading platform. The Naga trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Naga Available Support Types

Based on our experience, we have given Naga a D grade for customer support. We encountered some slow response times or Naga queries that were left unanswered.

Compared to other brokers, Naga offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Naga

Our team tested the live chat support of Naga and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested Naga support services in various countries and languages and found that Naga were able to effectively resolve our customer issues.

Email Support at Naga

We tested the email support of Naga by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Naga response.

The Naga team did resolve and answer our queries, but the email support from Naga was overall average compared to other brokers we have tested.

Phone Support at Naga

We contacted Naga via phone and received quick assistance within 10 minutes of our call.

The Naga phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Naga and found that they could assist us in various languages.

While we found the Naga phone support satisfactory, there is room for improvement in response time.

See how Naga Support Compares Against Other Brokers

Broker naga IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit Naga Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with Naga

As Naga is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 .

As a new client of Naga, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Naga in your region. During the Naga account opening process, you will be asked to provide Naga with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Naga have the following documents available.

  • Naga require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for Naga compliance. This must be dated within the last six months.
  • If you plan to fund your Naga account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Naga platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Naga Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Naga's platform.

However, remember that you won't be able to make trades on Naga until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Naga KYC compliance process as soon as possible to avoid any delays in accessing the Naga platform's features.

It is important to note that Naga may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Naga platform and features immediately. However, you must pass the verification process to start live trading with Naga, which can take up to a few business days.

To start the process of opening an account with Naga you can visit the Naga trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://naga.com/ on June 15, 2024.

Watch this Naga Explainer Video

Is Naga A Good Broker?

We have spent over 5 years examining Naga in depth. Although we found some very useful aspects of the Naga platform that would be useful to some traders. We feel that a alternative to Naga may better suit you.

  • Naga have a good track record of offering Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading.
  • Naga has a history of over 9 years.
  • Naga has a reasonable sized customer support of at least 10.
  • Naga are regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 . Naga is subject to strict regulatory oversight from its respective jurisdiction, which holds Naga (the broker) accountable for misconduct. This regulatory framework helps ensure that Naga operates fairly and transparently and provides Naga customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Naga.
  • Naga have regulation from reputable regulators.
  • One of the advantages of using Naga is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Naga are particularly important as Naga traders want to receive their money quickly. With the efficient Naga payment processing system, traders can enjoy faster access to their Naga funds.
  • Naga have an international presence in multiple countries. Including local Naga seminars and training.
  • Naga can hire people from various locations in the world who can better communicate in your local language.

Naga Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Naga not quite right?

If after reading this Naga review, Naga does not fulfill your needs check out these Naga Alternatives.

Click here to view the best Naga Alternatives

We have spent years researching the best alternatives to Naga. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Naga alternatives available today. If you are unsatisfied with Naga or want to explore other options, we recommend checking out our carefully curated list of highly-rated Naga alternatives. Follow the links below to learn more about these Naga broker alternatives and choose the one that best suits your trading needs.

Related Naga Vs Comparisons

Throughout our comprehensive Naga review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Naga against other popular brokers in the industry, check out our Naga Vs pages. Our team has compiled a series of detailed Naga comparison articles, pitting the Naga platform against some of the best-rated Naga competitors in the market. Dive into our informative Naga Vs pages below to find out how Naga stacks up against other leading brokers.

Naga review
NAGA Frequently Asked Questions

Read our detailed Naga FAQ Section updated for 2024.

Can I try Naga?

Naga offer a demo account so you can try the Naga platform with virtual trading before you put down a payment. Virtual trading with Naga is zero risk. Learn more here

What funding methods do Naga accept?

Please note that the list of payment methods below depends on the Naga Entity and the client's Country of Residence.

Naga offer the following funding payment methods Bank Wire transfer, Debit cards, Visa, MasterCard, Boleto, China UnionPay, iDeal, GiroPay, EPS, P24, Trustly, among other payment methods.
Learn more here

Your capital is at risk

Is Naga safe?

Naga have over 650,000 users. Naga are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 . Any payments funded to Naga accounts by traders are held in a segregated bank account. For added security,Naga use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Naga is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Naga unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Your capital is at risk

Is Naga trading good?

Naga is considered good and reputable to trade with Naga. Naga is used by over 650,000 traders and Naga users. Naga offers Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading. Minimum deposit with Naga is 250.

Is Naga trading Legit?

Naga was founded in Cyprus in 2015. Naga has been facilitating trade on the financial markets for over 9 years. Naga offers clients Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading. All funds deposited to Naga are held in segregated bank accounts for security. Naga is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 so can be considered legit.

Is Naga a good broker?

Naga allows Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading. Naga is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 so can be considered a good broker.

Is Naga trustworthy broker?

Naga is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Naga, money is in a segregated bank account that is separate from Naga company's funds. As a regulated broker, Naga cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Naga. Instead, your Naga funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Naga. Also Naga is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 .

What is the minimum deposit for Naga?

The minimum deposit to trade with Naga is 250.

How long do Naga withdrawals take?

Withdrawing money from Naga processing time varies depending on the method but averages 1-5 days.

Is Naga regulated?

Naga is regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 . Regulatory bodies conduct regular reviews and audits as part of Naga maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Naga a market maker?

Naga is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by Naga even if no buyer or seller is lined up.

How can I start trading with Naga?

When opening a trading account with Naga, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Naga trading platforms, you can follow the link provided below: Learn more about signing up with the Naga trading platform here. This will provide useful information and insights into the various trading platforms offered by Naga, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Naga?

Yes your money is safe with Naga.

Overall, strict financial regulation is essential for ensuring that trading platforms like Naga operate fairly, transparently, and responsibly, which ultimately benefits all Naga stakeholders involved.

Trading platforms like Naga must have strict financial regulation for several reasons:

  • Protecting Naga Investors: Strict financial regulation ensures that investors who use the Naga trading platform are protected against fraudulent or unethical behavior by the Naga platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Naga platform.
  • Maintaining Naga Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Naga trading platform. Regulatory procedures reduce the likelihood of the Naga platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Naga Transparency: Regulations require trading platforms like Naga to maintain detailed records and disclose Naga client information. Financial regulatory requirements enhances transparency and helps to build trust between the Naga platform and its investors.

Naga is regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, Comisión Nacional del Mercado de Valores (CNMV) reg 3591 . When selecting a broker such as Naga, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Naga ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Naga.

Is Naga a con?

Naga is regulated and well established, having been in business for over 9 years. Naga is not a con.

Can you make money with Naga?

Although traders have had great success with Naga, trading on the financial markets with Naga is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Naga have fees?

Naga withdrawal fees vary on payment method.Naga doesn't charge inactivity fees. Naga doesn't charge deposit fees.

When was Naga founded?

Naga was founded in 2015.

How many people use Naga?

Naga is used by over 650,000 registered Naga users.

What is Naga Headquarters country?

Naga has its head quarters office in Cyprus .

Does Naga offer negative balance protection?

Naga does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Naga offer guaranteed stop loss?

Naga does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Naga allow scalping?

Naga offers scalping.

Does Naga allow hedging?

Naga does not offer hedging.

Does Naga offer CFD trading?

Naga offers CFD trading.

Does Naga offer STP?

Naga offers STP trading.

How many people use Naga?

Naga is used by over 650000 Naga users and traders.

Is Naga an ECN broker?

Naga does not offer ECN trading.

Does Naga offer a demo account?

Naga offers a demo account.

Does Naga offer an Islamic account?

Naga offers an Islamic account.

What are the funding methods for Naga?

Please note that funding methods and options available with Naga can be found in the Naga Members area and depend on the Naga client’s country of residence. Please check your specific available payment methods on the Naga website. Naga accept the following funding methods : Bank Wire transfer, Debit cards, Visa, MasterCard, Boleto, China UnionPay, iDeal, GiroPay, EPS, P24, Trustly, .

Naga review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Naga brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Naga review written by Mark Hansen of Comparebrokers.co