Naga Rated 2/5
learn more Learn more about eToro. 67% of retail investor accounts lose money when trading CFDs with this provider.

Naga Guide - Read our In Depth 2021 Naga Review

This Naga review was written by industry experts with over 20 years of financial experience in Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading.
The content in this Naga review does not apply to US users.

Benefits of Trading with Naga

Naga Review 2021 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
🚫 Naga 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

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What is Naga?

Naga are a online financial trading platform and multi asset broker founded in 2015

Over 6 years later Naga has grown to offering 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 shares in Naga on one of the worlds global stock market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Naga review and assess how well the Naga platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Naga can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Naga we breakdown the pros and cons. What Naga are able to offer, what countries Naga are available in. Who Naga are regulated by and more.

Naga Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Naga review useful.

This review of the Naga platform is very detailed. If you are interested in trading with Naga in any capacity please take the time to read and research the whole Naga review.

We have tried to explain the ins and outs of financial trading through the Naga platform as plainly as possible so that you the trader are as informed as possible before you start to use the Naga trading tools and depositing and withdrawing funds from Naga.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Naga like Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading. you should have confidence in Naga and know that the management of your financial investments on the Naga platform are in good hands.

At the bottom of this Naga review you can also learn about some pretty good alternatives to Naga

With this Naga review we hope to help you see if Naga is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Naga that will help you get off to a good start in the world of online trading.

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. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading are considered financial assets.

Naga review
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.

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.

Naga review
Are Naga safe?

When choosing a broker like Naga the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2015, and in operation for 6 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.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Naga, this will be honored. If Naga violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Naga review
Is my money safe with Naga?

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 banks financial health and strength.

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

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

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

Having any money you deposit with Naga means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Naga goes out of business for some reason.

Therefore, we can safely conclude that Naga is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Naga also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding Naga. let us look at the Naga features in more detail.

Try creating two accounts when you are working with Naga. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

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 eToro IC Markets XTB
Year Established 2015 2007 2007 2002
Head Office Cyprus Cyprus, UK Australia Poland
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 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 650,000+ Naga users 17,000,000+ eToro users 180,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Naga Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

We have checked and Naga is regulated and supervised by reputable organisations. You are able to check every Naga supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Naga. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Naga traders and provide a safe trading environment. Financial regulation and license approval is essential.

  • 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 behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Naga you should be sure they're legitimate online agent.

Naga review
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.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How Naga Fees Compare Against Other Brokers

Broker naga eToro IC Markets XTB
Min Deposit 250 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees Yes No Yes Yes

Naga review
Naga Minimum Deposit

Naga require a minimum desposit of 250 GBP/USD 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.

Dont be scared off by brokers like Naga charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Naga review
Naga Withdrawal Fees

Naga withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

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

Naga review
Naga Inactivity Fees

Naga does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Naga review
Naga Desposit Fees

Naga does not charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Naga review
Naga Commission Fees

Naga does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Naga review
What can you trade with Naga?

Be aware that Different entities under Naga Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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

If you are looking for Forex brokers to trade currency pairs on global Forex markets Naga offer over 45 currency pairs.

Compare Naga with eToro and IC Markets below.

Your capital is at risk

How Naga Trading Options Compare Against Other Brokers

Broker naga eToro IC Markets XTB
Instruments Available 950 2000 232 4000
Platforms MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 45 50 65 57
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 Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 450 2042 110 1696
UK Shares No Yes No 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 eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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.

An 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 making it easier to keep an eye on and execute your trades while you’re on the move.

See Naga's platforms

Naga review
Is the Naga Trading Platform Secure?

Naga safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Naga also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Naga.

Naga review
Naga Trading Platform Options

Once you have logged into your Naga account you will see the below trading platform options available to you.

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

Lets explore each of these trading platforms in detail and what options Naga gives you.

Naga review
Naga MetaTrader 4 (MT4)

Naga MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Naga. You can learn more about the MT4 Platform 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 PC's and Apple Macintosh computers. Naga MetaTrader 4 is compatible with the latest macOS Mojave. Naga allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Naga

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Naga MetaTrader 4 on IOS Devices

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

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Naga MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Naga provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Naga MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Naga MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Naga MetaTrader 4 Advanced Trading Tools

The Naga advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Naga offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Naga MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Naga MetaTrader 4 & MetaTrader 5 AutoChartist

Naga Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Naga review
Naga MetaTrader 5 (MT5)

Naga MetaTrader 5

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

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. It features a huge 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 analyse the financial markets.

Naga review
Naga MT5 Buying and Selling

IC Markets MetaTrader 5 Buying and Selling

Naga MetaTrader 5 on IOS Devices

Naga MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you 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

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to Naga trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

Naga Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

  • Financial instrument quotes
  • View in depth price charts of financial instruments
  • Manage trades and open positions
  • View your trading history
  • View market news
  • MetaTrader internal messaging
  • View and research market statics of Naga financial instruments
  • Position opening and closing
  • Lookup symbols in the quotes section
  • Display of deals on graphs
  • Timeframe selection for graphs and charts
  • Additional vertical scaling of graphs
  • Capability to transfer 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

Naga MetaTrader 5 Advanced Trading Tools

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

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

Naga review
Naga cTrader

Naga cTrader

CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable.

The cTrader Premium Charting and Manual Trading Platform available on Naga

cTrader is a top multi-asset Forex and CFD trading platform. cTrader offers advanced order types, charting tools, amount II pricing, and quick entry and execution. Using a amazing looking layout and dashboard, it is linked to state of the art infrastructure, that can be accessed from many devices.

IC Markets cTrader

cTrader Copy available on Naga

CTrader Copy empowers everyone on the platform to share their investment strategy and to share their trading strategy for a fee or commission. Other dealers can search and replicate the approaches available, and revel in a commitment-free investing. Furthermore, traders can use their own risk management configurations.

IC Markets cTrader Copy Trading

cTrader Automate available on Naga

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

cTrader Open API available on Naga

Build your own software using cTraders Open API. It is a free, secure and publicly available API for all. Developers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software. The open API allows developers to interact and interface with any cTrader account.

You can learn more about the cTrader Platform Here.

Naga Trading benefits :

  • Allows scalping
  • Offers STP
  • Low min deposit

Naga Trading Accounts Offered :

Below we give an overview on 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.

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

Can I try Naga before I buy?

Naga offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

Naga withdrawal and funding methods.

Please note that the list of Naga payment methods below depend on the Naga Entity and the Clients Country of Residence.

All available Naga payment methods available to you can be found in your Naga members area checked on the Naga website.

Naga offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Naga

Naga Payment Methods

  • 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 eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
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?

When opening a trading account with Naga, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Naga trading platforms here. You will need to provide some basic documentation to prove your identity as part of Naga onboarding and normal KYC identity checks. These checks are standard practice and help Naga provide a safe financial environment for their 650,000 users.

Your capital is at risk

Performing trades with Naga

Naga allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Naga allow you to execute a maxium trade of varies. As Naga offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Naga Leverage and Naga CFDs Explained

let's take a look at some of the basics of using Naga leverage.

Naga offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Naga leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Naga trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Naga leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Naga CFDs are typically used for short to medium term trades. For example Naga intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come 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

A stop-loss order is an order placed with a broker like Naga to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Naga

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

Naga offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with Naga.

Take time to look around the Naga platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Naga

As part of our Naga review we review customer service options, response times and Naga trading platform problem resolution effectiveness.Naga support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Naga have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Naga less customer support features compared to other brokers like live chat, phone and email support. 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

We tested the Naga live chat and it works well. We sent messages to Naga livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Naga support in multiple languages in multiple countries. Naga where able to resolve our customer issues.

Email Support at Naga

We sent several emails to Naga and answer times overall were excellent. The fastest response from Naga was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Naga, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Naga.

Phone Support at Naga

We called Naga and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Naga phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Naga team by calling in varying languages. Naga made an effort to make sure our queries were answered.

Overall the phone support from Naga was okay.

See how Naga Support Compares Against Other Brokers

Broker naga eToro IC Markets XTB
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, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Naga Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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 , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Naga Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Naga's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Naga you can visit the Naga trading platform here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://naga.com/ on March 04, 2021.

Naga review
Watch this Naga Explainer Video

Naga review
Is Naga A Good Broker?

We spent over 3 months examining Naga in depth. Although we found some very useful aspects of the Naga platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Naga broker.

  • 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 6 years.
  • Naga has a reasonable sized customer support of at least 10.
  • Naga are 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 . This means Naga fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Naga have regulation from a Tier 1 reputable country.
  • Naga has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Naga have an international presence in multiple countries. This includes local Naga seminars and training.
  • Naga are able to 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 including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

Naga review
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.

If you feel some of the above Naga are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Naga alternatives below.

Naga review
Related Naga Vs Comparisons

We have covered allot in this Naga review, If you want to see how Naga compares side by side with other brokers check out our Naga Vs pages.

If you would like to see how Naga stands up against other brokers you can read some of our Naga comparisons below. We compare side by side some of our top rated Naga versus comparisons. Read our indepth Naga VS pages below.

Naga review
NAGA Frequently Asked Questions

Read our detailed Naga FAQ Section updated for 2021.

Can I try Naga before I buy?

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 depend on the Naga Entity and the Clients 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 are considered safe 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 banks financial health and strength.

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 active 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 6 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 tier 1 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 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. Naga allows Forex trading, Cryptocurrency trading, Indices trading, Stocks trading, Commodities trading, ETFs trading, and CFD trading.

Is Naga trustworthy broker?

Naga can be considered trustworthy. All money funded to Naga is placed into a segregated tier 1 bank account. this means your money in not held by Naga directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also 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 .

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 but averages 2-5 days.

Is Naga regulated?

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 . 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 purchased by Naga even if no buyer is lined up.

How can I start trading with Naga?

When opening a trading account with Naga, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Naga trading platforms here.

Is my money safe with Naga?

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 . One of the most important criteria for traders when choosing a broker like Naga is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Naga, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Naga a con?

Naga is regulated and well established having been in business for over 6 years. Naga is definitely 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 varies 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 means 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 guarenteed 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 a Islamic accounts.

What are the funding methods for Naga?

Please note that funding methods and funding 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 editor 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 experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, 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