Naga Vs IC Markets

Naga and IC Markets in Detail

The Naga online trading platform gives traders from all over the world access to over 790 financial instruments, IC Markets include over 2,250 available instruments. There are over 1,500,000+ registered customers that have taken advantage of the Naga platform.

Naga are regulated by Cyprus Securities and Exchange Commission (CySEC) NAGA Markets Europe Ltd (204/13), Financial Services Authority (FSA) of Seychelles NAGA Capital Ltd (SD026), NAGA Global LLC is registered in St. Vincent and the Grenadines (registration number 1189 LLC 2021).

IC Markets is a renowned Australia financial trading brokerage established in 2007.

IC Markets serves customers globally and are regulated by Seychelles Financial Services Authority (FSA) (SD018). Depending on the country you are trading from Naga may serve you from a different business entity to comply with its financial regulators.

IC Markets 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.

IC Markets is a popular well known financial trading platform serving over 200,000 customers.

Benefits of Naga and IC Markets Compared

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

Naga offers a minimum deposit of 250 while IC Markets have a 200 minimum deposit.

Why smaller trading deposits are good and how Naga and IC Markets 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 IC Markets. 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 IC Markets mandates a minimum deposit of 200. 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 IC Markets, 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 790 financial instruments while IC Markets have around 2,250 on their trading platform.

The more instruments available on Naga and IC Markets 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 IC Markets.

The Naga trading platform has 450 stocks listed while IC Markets has 2,100 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 NAGA Web Trader, Mobile Apps, NAGA Apple App iOS, (App Store), NAGA Android (Google Play), MT4, MT5 trading platforms.

Alternatively IC Markets allows retail traders to trade Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies on the IC Markets MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central trading platforms.

Compare Naga and IC Markets in more detail below.

Drawbacks of Naga and IC Markets Compared

Below we compare what drawbacks Naga and IC Markets have side by side.

Various potential downsides can be associated with certain brokers, including Naga and IC Markets. 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 IC Markets. 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 IC Markets.

Naga Vs IC Markets 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 IC Markets. A diversified portfolio with Naga or IC Markets 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 IC Markets, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Naga and IC Markets.

Naga Vs IC Markets Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Naga and IC Markets, 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 IC Markets 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 IC Markets 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 IC Markets could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Naga, IC Markets, and all brokers are subject to regulation.

We compare Naga vs IC Markets Crypto options below side by side.

Naga Vs IC Markets Commission and Fees

knowing your trading and commission fees with Naga vs IC Markets is extremely important. For the majority of the Naga 790 financial instruments and IC Markets 2,250 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 IC Markets. 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 IC Markets before you invest because you must know what you are paying.

You ideally want to choose a broker like Naga or IC Markets 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 IC Markets. 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 IC Markets fees, of course. Make sure you do your research and check the commission and fees with both Naga and IC Markets 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 IC Markets be aware of or 3rd party payment provider fees and currency conversion fees.

Naga does charge inactivity fees, while IC Markets does not charge inactivity fees.

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

Usually, the associated fees for dormant Naga or IC Markets 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 IC Markets trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like Naga or IC Markets you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Naga or IC Markets 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 IC Markets compare side by side for commissions and fees.

Naga Vs IC Markets 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 IC Markets 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 IC Markets demo account.

Naga Vs IC Markets Mobile Trading

Trading on your mobile with Naga and IC Markets 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 IC Markets mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Naga or IC Markets. 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 IC Markets 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 IC Markets is essential. Likewise, if you have an android phone, it's crucial to verify if Naga or IC Markets broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Naga and IC Markets have trading apps compatible with your device.

Naga Vs IC Markets Trading Account Types Offered

Naga Vs IC Markets Demo Account

A demo account with Naga or IC Markets 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 IC Markets demo account.

Naga Vs IC Markets 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 IC Markets 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 and IC Markets do not offer Micro accounts.

Naga Vs IC Markets Standard Account

A standard account is available on Naga and IC Markets 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 IC Markets do offer clients Standard accounts.

Naga Vs IC Markets 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 IC Markets or alternative.

Naga does not offer clients MAM accounts, while IC Markets does offer clients MAM accounts.

Naga Vs IC Markets 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 IC Markets or alternative.

Naga does not offer clients ECN accounts, while IC Markets does offer clients ECN accounts.

Naga Vs IC Markets 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 IC Markets or alternative.

Both Naga and IC Markets do offer clients Islamic accounts.

Naga Vs IC Markets 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 IC Markets or alternative.

Naga does offer clients STP accounts, while IC Markets does not offer clients STP accounts.

Naga Vs IC Markets 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 and IC Markets do not offer clients Managed accounts.

Naga Vs IC Markets Withdrawal and Funding Methods

Naga and IC Markets have multiple deposit and withdrawal options. Funding and withdrawing from your Naga and IC Markets accounts to your chosen payment method should be straightforward. Lets see how Naga and IC Markets 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 IC Markets.

Naga Vs IC Markets Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Naga or IC Markets 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 IC Markets support is always available when needed. Naga and IC Markets customer support is not just useful. broker customer support is crucial to your trading success!

Naga Vs IC Markets Live Chat

Live chat is important for several reasons. When you encounter a problem with Naga or IC Markets 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 IC Markets offer livechat support.

Naga Vs IC Markets Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Naga or IC Markets 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 IC Markets support team to answer satisfactorily. Email support with Naga and IC Markets will be needed.

Both Naga and IC Markets offer email support.

Naga Vs IC Markets 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 IC Markets. We can get straight to the point, saving us time and frustration.

Naga do offer phone support. On the other hand IC Markets do not offer phone support.

Lets see how Naga and IC Markets customer support compare side by side.

Naga Vs IC Markets 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 IC Markets 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 IC Markets have these in place, please be extremely cautious before you proceed with them.

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

Naga Vs IC Markets Education Resources Compared

We compare Naga and IC Markets educational resources below.

Naga Vs IC Markets Risk Management Features

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

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

Naga Vs IC Markets 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 IC Markets does not offer clients hedging.

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

Naga Vs IC Markets 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 IC Markets do offer clients limit orders.

Naga Vs IC Markets 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.

Both Naga and IC Markets do offer clients negative balance protection.

Naga Vs IC Markets Verdict

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

When choosing a broker like Naga or IC Markets for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Naga or IC Markets 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 IC Markets, 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 IC Markets.

Also, before you sign up with online brokers like Naga or IC Markets, 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 IC Markets before investing money into something.

Beware of the risks that come with trading with Naga or IC Markets. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Naga and IC Markets educational resources and financial research tools. If you are new to trading, sign up for a demo account with Naga and IC Markets 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 IC Markets 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 IC Markets 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 IC Markets if your investment strategy is more long-term.

Naga and IC Markets Alternatives

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

Other Naga and IC Markets Vs Comparisons

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

Naga Vs Alternatives

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

• Naga vs IC Markets
• Naga vs Roboforex
• Naga vs eToro
• Naga vs XTB
• Naga vs XM
• Naga vs Pepperstone
• Naga vs AvaTrade
• Naga vs FP Markets
• Naga vs easyMarkets
• Naga vs SpreadEx

IC Markets Vs Alternatives

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

• IC Markets vs Roboforex
• IC Markets vs eToro
• IC Markets vs XTB
• IC Markets vs XM
• IC Markets vs Pepperstone
• IC Markets vs AvaTrade
• IC Markets vs FP Markets
• IC Markets vs easyMarkets
• IC Markets vs SpreadEx
• IC Markets vs FxPro

Naga Vs IC Markets Frequently Asked Questions

We answer some of the most frequently asked Naga Vs IC Markets 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) NAGA Markets Europe Ltd (204/13), Financial Services Authority (FSA) of Seychelles NAGA Capital Ltd (SD026), NAGA Global LLC is registered in St. Vincent and the Grenadines (registration number 1189 LLC 2021) and have been in business since 2015

Is IC Markets any Good?

IC Markets are regulated by Seychelles Financial Services Authority (FSA) (SD018) and have been in business since 2007.

Which is better Naga or IC Markets?

Naga does not have a high rating, while IC Markets does not have a high rating.

Is Naga a con?

Naga is regulated by Cyprus Securities and Exchange Commission (CySEC) NAGA Markets Europe Ltd (204/13), Financial Services Authority (FSA) of Seychelles NAGA Capital Ltd (SD026), NAGA Global LLC is registered in St. Vincent and the Grenadines (registration number 1189 LLC 2021) and have been in business since 2015. Naga is most definitely not a con as they are regulated by major financial regulators.

Is IC Markets a con?

IC Markets is regulated by Seychelles Financial Services Authority (FSA) (SD018) and have been in business since 2007. We recommend looking at a IC Markets alternative that has more financial regulation.

What happens if Naga or IC Markets go bust?

Naga and IC Markets are regulated, which means that as part of their regulatory obligations Naga and IC Markets have to offer a certain level of financial protection to their clients. Naga and IC Markets should by law keep client funds separate from Naga and IC Markets funds. If either Naga or IC Markets 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 IC Markets websites and regulators.

Are Naga or IC Markets good for beginners?

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