Naga Review 2023 Pricing, Features, Pros and Cons

At the moment, the top 10 most profitable traders at NAGA have claimed 486,270 Euros of earnings as of 26th of May 2021 with an average win ratio of 80.04%. You can copy any of these top 10 performing NAGA traders at any time you wish. BrokerNear.com is not responsible for any trading decisions made by clients or any resulting loss of capital. The Forex market, CFD, and cryptocurrency trading are high-risk and not suitable for everyone. Before investing, it’s crucial to assess your expertise level and understand the risks, especially when trading with leverage.

We have conducted an in-depth review of eToro and NAGA to determine which one presents the better overall choice and which traders will benefit the most at either broker. If you prefer trading on the Web without installation, the popular choice of MT4 and MT5 supports various devices from the web, desktop, or mobile applications all at your choice. As an example, you may refer to the table below and see the average spread for some currency pairs, as well you may compare fees to another popular broker Pepperstone. Naga accounts offer Standard, Professional, and Demo accounts, with the same quality performance, support, and comprehensive platform features. NAGA offers multiple withdrawal methods, such as credit/debit cards, bank wire transfers, and e-wallets which are the same as the deposit methods. NAGA’s economic calendar is a helpful tool that keeps you updated about all the major economic events.

The former has more active traders, but the latter maintains a higher quality product and services portfolio. NAGA also offers a superior compensation plan per copied trade, which increases with the account level and supports algorithmic trading, making it the better overall choice. The minimum deposit required to open a Bronze account is $2500. In addition, the account offers a copy bonus of up to $0.15 per copied trade.

These vary depending on the instrument you buy, and can change day to day. For crypto CFDs these vary as widely as 0.035 pips to 300 pips in extreme cases. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform.

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Several glitches don’t spoil my overall positive impression of trading here. Traders can get the necessary information related to comprehensive subjects in no time. Their supposed withdraw time is 1 hour however it took them more than 20 hours to respond to me on email. Please stay awam from this broker, they’ll do whatever they please and if you end up making a profit.

Naga traders review this forex broker highly due to the exceptional services it provides. NAGA is a popular online broker offering a variety of trading platforms, including MT4, MT5, and their proprietary web trader. NAGA offers a more vivid and user-friendly trading experience compared to other brokers. This broker offers competitive low spreads for all account sizes for traders to enjoy the best trading conditions despite market volatility.

The platform also allows the users to buy, sell and manage Bitcoin and other popular cryptocurrencies with real-time exchange and extra security measures. This forex broker provides a range of services to millions of professional traders with varying trading expertise and experience. Some of these services include copy trading, access to live trading accounts, and investing in digital currencies.

Moreover, the swap fee cuts down if you’ve signed up for more premium NAGA accounts, including Gold, Diamond, or Crystal. A swap fee is something that forex and other market traders need to pay for holding an open position overnight. The amount of this fee is variable and depends on the asset traded and the broker itself. NAGA charges a swap fee starting from 0.20% on the notional value in ETFs, which is average in the industry. The users also have the flexibility to adjust the ratio of the Auto Copy or to set the specific trading capital amount at any given moment in the Autocopy section.

Most international traders at NAGA will deal with the unregulated but duly registered unit operating from St. Vincent and the Grenadines, company number 1189 LLC 2021. NAGA FX broker is interesting primarily for a large number of CFDs, few brokers can boast of such a large number of trading instruments. For traders whose main trading volume is in currency pairs and are focused on independent trading, NAGA is the best option. Right now, there are no first deposit bonuses available on the website. After making the deposit, the broker does not guarantee additional funds for trading. However, you can claim a certain percentage as a bonus, from copy trading.

Research tools available at NAGA

As a result, the MT5 platform is ideal for advanced traders who require more sophisticated trading tools. Moreover, MT5 is best-suited for trading multiple asset classes. The spread range of NAGA is quite tight as compared to other brokers.

They get 0.18 USD crypto bonuses per copied trade and 0.70 USD FX bonuses per copied trade. The withdrawal fees are further shrunk to 3 EUR/USD/GBP or equivalent with PI Dashboard support, as well. Furthermore, Silver account holders will be getting 10 NAGA trading signals instead of 5 available for Iron and Bronze account types. As a Fintech company, Naga can develop the needed software to support its user base teaming. From its top-notch trading analysis to copy trading, This trading platform ensures its professional traders stay on top of their best game on this platform. In addition, Naga introduces an exchange that enables commission-free crypto and fiat trading for its professional traders.

Traders can trade stocks, commodities, and cryptocurrencies on the platform at low spreads and zero commissions. It holds a CySEC license and is authorized to operate in multiple countries around the world. Also, based on our findings, we learned that Naga offers competitive spreads and a wide range of markets, making it a great choice for experienced traders. Users can trade 48 currency https://traderoom.info/ pairs at NAGA from 0.01 to 50 lots at a time. Spreads vary by account type, with traders charging standard spreads on steel, bronze, and silver accounts, and more favorable spreads on gold, diamond, and crystal accounts. In the case of EUR/USD forex pairs, for example, spreads start at 1.7 for the first three types of accounts, and 1.2, 0.9 and 0.7 for the last three in that order.

Broker or Affiliate?

Furthermore, stop loss and take profit limits functionalities are integrated within the NAGA Auto copy to secure the clients’ accounts against potential losses. In summary, here are some features that make it a solid choice for traders. In addition, by introducing its  proprietary software  with multiple extra features, Naga takes your trade to the next level. Also, this web-based platform perfectly balances a friendly user interface and high-tech functions. Since its inception in 2015, this broker firm has taken vital steps to ensure it is fully regulated and licensed by the Cyprus Securities and Exchange Commission.

There is a diversity of trading platforms on the NAGA.com website that every user can turn to. In addition to 2 major platforms – MetaTrader 4 and MetaTrader 5, users can also check the exclusive NAGA Trader that is available on both desktop and mobile devices (iOS and Android). Trading platforms are completely free to download and they make the whole trading process more convenient for customers. It is noteworthy that on the official website of NAGA FX broker you can discover major world markets.

When it comes to withdrawal, NAGA processes withdrawal requests within 24 hours. However, the time taken for the funds to reflect in your account will depend on the payment method used. For example, using a credit/debit card will take 3-5 business days. However, if you use an e-wallet such as PayPal, Skrill, or Neteller, the funds will reflect instantly in your account. One of the main advantages of the NAGA offer is the possibility of social trading, i.e. automatic copying of the best traders ‘ trades.

If you have any questions or concerns, please don’t hesitate to reach out to our customer support team. Copy-trading, which we have already mentioned several times is an excellent addition that is not available on many brokers’ platforms. With copy trading, you can gain additional income by copying the trades of successful traders that have a proven experience and record of trading.

The fees are very hard to understand, especially when compared to competitors. Because the spreads vary so much instrument to instrument, some trades may incur less fees than the industry standard, while others considerably more. I will see what’s going to happen with my deposit by the end of the year.

NAGA also provides a variety of base currencies, including USD, EUR, GBP, JPY, and more. Therefore, traders can choose the currency that suits their needs. In General, NAGA shows us a company that is based on strong technologies and developed trading innovations. NAGA broker offers a single multi – currency account for all markets with 5 basic Fiat currencies to choose from-USD, EUR, GBP, PLN, CHF and a cryptocurrency account. Broker Near (BrokerNear.com) rewards its website users with payments solely as an incentive for website activity, deducted from advertising income.

Various ebooks, webinars, tutorials are provided by the broker. Without getting additional information about trading it is hard to progress and the broker ensures to provide traders with high-quality tutorials. In addition, you can check the promotions that are added regularly on the broker’s website. Depending on your aims and objectives, you can use different trading tools without problems.

The minimum amount you can withdraw from your Naga account is $50. If you select higher-tier trading accounts on the account, you have a reduced trading fee. Naga ensures you get the best customer support experience during the working days of the week. Customer support is available to answer your trading questions and guide you as you navigate through the platform.

The economic calendar also provides insight into how these events can impact the financial markets. Moreover, the broker has its own cryptocurrency exchange NAGAX naga broker and cryptocurrency wallet. To ensure no delay in processing withdrawals, ensure all documents and profile data are up-to-date and verified by the support team.

• Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
• As such, traders’ funds are always segregated from the company and are covered by a compensation scheme in case of brokers’ insolvency.
• NAGA might ask for documents like national ID, passport, utility bill, or bank statement to verify your identity and address.
• There is a diversity of trading platforms on the NAGA.com website that every user can turn to.

Crypto trading is one of the most popular options, but Forex trading is the first opportunity for traders. You can access major currency pairs such as EUR/USD, EUR/GBP and get profitable conditions for trading. Naga provides ebooks, video tutorials, and webinars for free to any user who sets up a live account.

The currencies accepted by the forex broker include US Dollar (USD), Euros (EUR), and GB Pounds (GBP). Yes, NAGA.com FX brokerage is a totally legit company that offers licensed financial services to all customers around the world. The proof of the document can be found at the bottom of the website.

• For example crypto CFDs have minimum limits of 0.01 lots and maximum trade size limits of 30 lots.
• In addition, futures contracts give traders a high degree of flexibility as they can be traded for a variety of timeframes.
• Equity CFDs at eToro face a 0.09% commission and a €1.98 to €5.00 flat fee at NAGA, making it cheaper for most CFD traders, but eToro offers commission-free direct share dealing.
• NAGA also launched its NAGAx crypto exchange and features quality education.
• So whether you are a professional or a beginner trader, Naga welcomes both with unique opportunities either to copy trades or act as a “master”.

The Bronze account also offers five daily signals that are helpful for traders. In addition, the withdrawal fee of the NAGA Iron account is $5, which is flat compared to the variable price of other brokers. Moreover, the Iron account also offers five daily signals helpful for traders. You can deposit funds into your trading account using Naga MasterCard, Skrill, wire transfers, PayPal, and Neteller.

Our NAGA trader review will cover everything from the regulatory framework of the broker, and platforms, to pricing and trader benefits. The company offers six account sizes in which you can deposit up to $100,000. In the European market, it is considered a reliable and low-risk broker with an extensive range of instruments to trade and offers competitive trading fees for major forex pairs.