Naga Vs ForTrade

How Naga and ForTrade Compare in 2024

Naga or ForTrade who is better?

Compare NAGA Versus FORTRADE and IC Markets broker accounts.


Compare Naga Vs ForTrade Side by Side

So you are looking for a broker, Naga or ForTrade who should you choose?

When trading on financial markets you will want to know all about who Naga or ForTrade are, and how they compare. You will naturally want to know how long Naga and ForTrade have been in business and what reputation Naga and ForTrade have. On top of this, you will need to discover if Naga and ForTrade match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how Naga and ForTrade compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of Naga and ForTrade side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing Naga and ForTrade. By comprehensively comparing Naga and ForTrade features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Naga, ForTrade or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Naga and ForTrade. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the Naga platform or ForTrade that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


Naga

(2/5)
Benefits of Naga?
  • Established in 2015
  • Naga have been in business for 9 years.
  • Head quarters in Cyprus.
  • Live Chat
  • Segregates clients funds
  • Naga Min deposit $250
Naga screenshot naga sign up here
Your capital is at risk
Reputation Support
Good
Good

Naga Regulation

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 .

Excluded 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

Naga Fees

Deposit fee No
Commission Yes
Inactivity fee No
Withdrawal fee varies
Min trade varies
Max trade varies
Min deposit $250
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all Naga
funding options here
Your capital is at risk

Naga Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

Naga Platforms

MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps

Naga Languages

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

See Naga
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See Naga
instruments here
Your capital is at risk

Naga Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the Naga website. Our records were last updated on .

Visit Naga today
Your capital is at risk

ForTrade

(3/5)
Benefits of ForTrade?
  • Established in 2014
  • ForTrade have been in business for 10 years.
  • Head quarters in UK.
  • Live Chat
  • Segregates clients funds
  • ForTrade Min deposit $100
ForTrade screenshot ForTrade sign up here
Your capital is at risk
Reputation Support
Good
Good

ForTrade Regulation

ForTrade is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB).

Excluded Countries

US

ForTrade Fees

Deposit fee
Commission
Inactivity fee
Withdrawal fee No
Min trade
Max trade
Min deposit $100
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all ForTrade
funding options here
Your capital is at risk

ForTrade Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

ForTrade Platforms

MT4, Binary, Tablet & Mobile apps

ForTrade Languages

English, German, Spanish, French, Croatian, Italian, Dutch, Polish, Portuguese, Slovene, Swedish, Russian, Arabic, Albanian, Macedonian

See ForTrade
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See ForTrade
instruments here
Your capital is at risk

ForTrade Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the ForTrade website. Our records were last updated on .

Visit ForTrade today
Your capital is at risk

IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

Naga Vs ForTrade Table of Contents

Naga and ForTrade in Detail

Naga Review Screenshot

The Naga online trading platform gives traders from all over the world access to over 950 financial instruments, ForTrade include over 100 available instruments. There are over 650,000+ registered customers that have taken advantage of the Naga platform.

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 .

Naga Review Screenshot

ForTrade is a renowned UK financial trading brokerage established in 2014.

ForTrade serves customers globally and are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB). Depending on the country you are trading from Naga may serve you from a different business entity to comply with its financial regulators.

ForTrade is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. Naga is listed as a publically traded company so are a reputable broker.

ForTrade is a popular well known financial trading platform serving over 1,000,000 customers.

Benefits of Naga and ForTrade Compared

Below, we will give you a summary of the benefits Naga and ForTrade offer side by side.

Naga offers a minimum deposit of 250 while ForTrade have a 100 minimum deposit.

Why smaller trading deposits are good and how Naga and ForTrade compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Naga or ForTrade. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Naga requires a minimum deposit of 250, whereas ForTrade mandates a minimum deposit of 100. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Naga or ForTrade, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

Naga allows traders to trade up to 950 financial instruments while ForTrade have around 100 on their trading platform.

The more instruments available on Naga and ForTrade trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of Naga or ForTrade.

The Naga trading platform has 450 stocks listed while ForTrade has 190 stocks listed.

Naga allows retail traders to trade the following assets Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading on the Naga MT4, MT5, Desktop platform, Web platform, Tablet & Mobile apps trading platforms.

Alternatively ForTrade allows retail traders to trade Forex, CFDs on the ForTrade MT4, Binary, Tablet & Mobile apps trading platforms.

Compare Naga and ForTrade in more detail below.

Drawbacks of Naga and ForTrade Compared

Below we compare what drawbacks Naga and ForTrade have side by side.

Various potential downsides can be associated with certain brokers, including Naga and ForTrade. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Naga compared to ForTrade. High trading fees and commissions must be factored into your profit loss of each live trade. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Naga versus ForTrade.

Broker naga ForTrade IC Markets
Inactivity Fees No No
Withdrawl Fees varies No No
Withdrawal Processing Time Varies Varies Varies
Min Deposit 250 100 200
Social Trading No No Yes
Excluded 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 US US, IR, CA, NZ, JP

Naga Vs ForTrade Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Naga or ForTrade. A diversified portfolio with Naga or ForTrade can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Naga or ForTrade, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Naga and ForTrade.

Broker naga ForTrade IC Markets
Instruments Available 950 100 2250
Offers share dealing Yes No Yes
Number of Shares 450 190 2,100
Offers US Stocks Yes Yes
Offers UK Stocks No Yes
Offers German Stocks Yes Yes
Offers Japanese Stocks Yes Yes
Offers Indices Trading Yes Yes
Number of Commodities 0 0 20
Offers Metals Commodities Yes Yes
Offers Energy Commodities Yes Yes
Offers Agricultural Commodities Yes Yes
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 45 70 61
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs Yes Yes Yes
Offers Exotic Forex Pairs Yes Yes Yes
Offers CFD Trading Yes Yes Yes
Offers Social Trading No No Yes

Naga Vs ForTrade Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Naga and ForTrade, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Naga and ForTrade offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with Naga or ForTrade is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Naga or ForTrade could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Naga, ForTrade, and all brokers are subject to regulation.

We compare Naga vs ForTrade Crypto options below side by side.

Broker naga ForTrade IC Markets
Allows Cryptocurrency Trading (availability subject to regulation) Yes Yes Yes
Cryptocurrencies Offered BTC, BCH, BNB, DASH, ETH, LTC, NGC, XRP BTC, DSH, LTC, ETH BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

Naga Vs ForTrade Commission and Fees

knowing your trading and commission fees with Naga vs ForTrade is extremely important. For the majority of the Naga 950 financial instruments and ForTrade 100 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Naga and ForTrade. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Naga and ForTrade before you invest because you must know what you are paying.

You ideally want to choose a broker like Naga or ForTrade that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with Naga or ForTrade. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential Naga and ForTrade fees, of course. Make sure you do your research and check the commission and fees with both Naga and ForTrade before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with Naga or ForTrade be aware of or 3rd party payment provider fees and currency conversion fees.

Naga does not charge inactivity fees, while ForTrade does charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant Naga and ForTrade accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Naga or ForTrade account, or choose to close it.

Usually, the associated fees for dormant Naga or ForTrade accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Naga or ForTrade trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like Naga or ForTrade you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Naga or ForTrade nothing for this. If this is the case, it can be a big problem. Constant deposit fees can potentially add up, so this will take some consideration before you sign up.

Let's see how Naga vs ForTrade compare side by side for commissions and fees.

Broker naga ForTrade IC Markets
Min Deposit 250 100 200
Inactivity Fees No No
Withdrawal Fees varies No No
Deposit Fees No Varies

Naga Vs ForTrade Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Naga and ForTrade platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Naga or ForTrade demo account.

Broker naga ForTrade IC Markets
Offers MT4 Yes Yes Yes
Offers MT5 Yes No Yes
Offers cTrader Yes No Yes

Naga Vs ForTrade Mobile Trading

Trading on your mobile with Naga and ForTrade can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Naga and ForTrade mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Naga or ForTrade. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Naga or ForTrade can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with Naga or ForTrade is essential. Likewise, if you have an android phone, it's crucial to verify if Naga or ForTrade broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Naga and ForTrade have trading apps compatible with your device.

Broker naga ForTrade IC Markets
Web Platform Yes Yes Yes
IOS Trading App Yes Yes
Android Trading App No Yes
Microsoft Trading App No Yes

Naga Vs ForTrade Trading Account Types Offered

Naga Vs ForTrade Demo Account

A demo account with Naga or ForTrade is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Naga and ForTrade demo account.

Naga Vs ForTrade Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if Naga or ForTrade offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

Naga does not offer clients Micro accounts, while ForTrade does offer clients Micro accounts.

Naga Vs ForTrade Standard Account

A standard account is available on Naga and ForTrade to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both Naga and ForTrade do offer clients Standard accounts.

Naga Vs ForTrade MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Naga or ForTrade or alternative.

Naga does not offer clients MAM accounts, while ForTrade does offer clients MAM accounts.

Naga Vs ForTrade ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with Naga or ForTrade or alternative.

Naga and ForTrade do not offer clients ECN accounts.

Naga Vs ForTrade Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with Naga or ForTrade or alternative.

Both Naga and ForTrade do offer clients Islamic accounts.

Naga Vs ForTrade STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with Naga or ForTrade or alternative.

Both Naga and ForTrade offer clients STP accounts.

Naga Vs ForTrade Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

Naga does not offer clients Managed accounts, while ForTrade does offer clients Managed accounts.

Broker naga ForTrade IC Markets
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts No No
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts No Yes Yes
Offers ECN Accounts No No No
Offers Islamic Accounts Yes Yes Yes
Offers STP Accounts Yes Yes No
Offers Managed Accounts No No

Naga Vs ForTrade Withdrawal and Funding Methods

Naga and ForTrade have multiple deposit and withdrawal options. Funding and withdrawing from your Naga and ForTrade accounts to your chosen payment method should be straightforward. Lets see how Naga and ForTrade compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Naga or ForTrade.

Broker naga ForTrade IC Markets
Payment Methods Bank Wire transfer, Debit cards, Visa, MasterCard, Boleto, China UnionPay, iDeal, GiroPay, EPS, P24, Trustly, Credit cards, Debit cards, Bank Transfer, PayPal, Neteller, Payoneer, Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

Naga Vs ForTrade Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Naga or ForTrade support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Naga and ForTrade support is always available when needed. Naga and ForTrade customer support is not just useful. broker customer support is crucial to your trading success!

Naga Vs ForTrade Live Chat

Live chat is important for several reasons. When you encounter a problem with Naga or ForTrade trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both Naga and ForTrade offer livechat support.

Naga Vs ForTrade Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Naga or ForTrade you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Naga or ForTrade support team to answer satisfactorily. Email support with Naga and ForTrade will be needed.

Both Naga and ForTrade offer email support.

Naga Vs ForTrade Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Naga or ForTrade. We can get straight to the point, saving us time and frustration.

Both Naga and ForTrade offer phone support.

Lets see how Naga and ForTrade customer support compare side by side.

Broker naga ForTrade IC Markets
Offers Live Chat Yes Yes Yes
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Croatian, Italian, Dutch, Polish, Portuguese, Slovene, Swedish, Russian, Arabic, Albanian, Macedonian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected] [email protected] [email protected]
Phone +357 25 041410 =+442078621761 No

Naga Vs ForTrade Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Naga and ForTrade are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Naga or ForTrade have these in place, please be extremely cautious before you proceed with them.

We compare Naga Vs ForTrade financial regulation and licensing side by side below.

Broker naga ForTrade IC Markets
FCA Regulation Yes Yes No
CySEC Regulation Yes Yes Yes
MiFID Regulation No No No
ASIC Regulation No No Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No No No

Naga Vs ForTrade Risk Management Features

When trading with either Naga or ForTrade you will want to understand and make full use of all the risk management features on your Naga or ForTrade trading platforms.

We compare side by side the trading risk management features offered by Naga and ForTrade below.

Naga Vs ForTrade Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Naga does not offer clients hedging, while ForTrade does offer clients hedging.

Naga Vs ForTrade Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both Naga and ForTrade do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on Naga or ForTrade. You must still monitor any live trades and your financial exposure and financial risk.

Naga Vs ForTrade Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both Naga and ForTrade do offer clients limit orders.

Naga Vs ForTrade Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Naga does not offer clients negative balance protection, while ForTrade does offer clients negative balance protection.

Broker naga ForTrade IC Markets
Offers Hedging No Yes Yes
Negative Balance Protection No Yes Yes
Guaranteed Stop Loss No No No
Offers Limit Orders Yes Yes Yes
Offers Trailing Stops Yes Yes

Naga Vs ForTrade Verdict

We hope this Naga Vs ForTrade guide has helped you decide who is best to trade with out of Naga and ForTrade.

When choosing a broker like Naga or ForTrade for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Naga or ForTrade are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Naga or ForTrade, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Naga or ForTrade.

Also, before you sign up with online brokers like Naga or ForTrade, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Naga or ForTrade before investing money into something.

Beware of the risks that come with trading with Naga or ForTrade. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Naga and ForTrade educational resources and financial research tools. If you are new to trading, sign up for a demo account with Naga and ForTrade to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Naga or ForTrade will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Naga and ForTrade fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Naga or ForTrade if your investment strategy is more long-term.

Naga and ForTrade Alternatives

If Naga and ForTrade are not what you are not quite what you are looking for we list some of the best Naga and ForTrade alternatives below.

Other Naga and ForTrade Vs Comparisons

If you are still looking for an alternative to Naga and ForTrade and want to see how Naga or ForTrade compares Vs other brokers check out the Naga Vs and ForTrade Vs list below.

Naga Vs Alternatives

Still not happy have a look at some of our alternative Naga Vs side by side comparisons below

ForTrade Vs Alternatives

Still not happy have a look at some of our alternative Naga Vs side by side comparisons below

Naga Vs ForTrade Frequently Asked Questions

We answer some of the most frequently asked Naga Vs ForTrade questions below.

Is Naga any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is Naga legit? - 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 and have been in business since 2015

Is ForTrade any Good?

ForTrade are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) and have been in business since 2014.

Which is better Naga or ForTrade?

Naga and ForTrade do not have a high rating, so we recommend trading with a more reputable alternative broker.

Is Naga a con?

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 and have been in business since 2015. Naga is most definitely not a con as they are regulated by major financial regulators.

Is ForTrade a con?

ForTrade is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) and have been in business since 2014. ForTrade is most definitely not a con as they are regulated by major financial regulators.

What happens if Naga or ForTrade go bust?

Naga and ForTrade are regulated, which means that as part of their regulatory obligations Naga and ForTrade have to offer a certain level of financial protection to their clients. Naga and ForTrade should by law keep client funds separate from Naga and ForTrade funds. If either Naga or ForTrade goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Naga and ForTrade websites and regulators.

Are Naga or ForTrade good for beginners?

Naga and ForTrade offer low deposits and access to a selection of market insights and news resources. Both Naga and ForTrade offer demo accounts. Demo trading accounts are a big plus for Naga and ForTrade as it shows they are interested in their customers.


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