Naga Markets

NagaReviews: BrokersNagaIs it good?

Broker overview and general information

Naga or Naga Markets was founded in 2008 and is headquartered in Cyprus. The broker started as a Fintech company that provided services to clients who wanted access to global markets through decentralized technology along with the necessary support to make investing more accessible to global investors. Naga Markets broker offers 6 different account types that allow trading and investing in over 950 instruments including Forex, Commodities, Cryptocurrencies, Indices and many more.

Licensing and Regulation

If you ask, what is a broker?NAGAIs it good? You probably have to start by considering the registration and license first.NAGA is a trademark of The NAGA Group AG, a German fintech company listed on the Frankfurt Stock Exchange under the symbol WKN: A161NR and the International Securities Exchange Code (ISIN): DE000A161NR7.

• The NAGA website is operated by NAGA Capital Ltd, which is authorised and regulated by the Financial Services Authority Seychelles (FSA) under license number SD026, with registered address at CT House, Office 9A, 2nd Floor, Providence, Mahe, Seychelles. Telephone number: +248 4373121.

• The Group also has NAGA Global (CY) Ltd, with registered address at Nikokreontos 2, NICE DREAM, 6th Floor, Office Room 601, 1066, Nicosia, Cyprus, and NAGA Global (CY) Ltd, a wholly owned subsidiary of The NAGA Group AG under license number 204/13.

Products and services from brokers

Trading products

• Stock CFDs: There are more than 1,083 contracts to choose from for trading, allowing investors to speculate on stock prices without actually owning the stock.

• Real Stocks: There are over 320 real stocks from major markets around the world that can be traded.

• Crypto: Over 25 cryptocurrencies such as Bitcoin, Ethereum are available for trading via CFDs.

• Index: Trade a variety of indices to invest in the broader market.

• Exchange Traded Funds (ETFs): There are over 67 ETFs for diversified and diversified investments.

• Commodities: Trade 2 commodities such as gold and oil.

• Forex: There are over 48 currency pairs to choose from for trading.

• Futures: 2 futures contracts for investing in the futures market

**All assets presented, except for real stocks, are derivative instruments.

Trading Platform

• NAGA Web app: A trading platform accessible via a web browser.

• NAGA iOS app: Trading application for iOS users

• NAGA Android app: Trading application for Android users

• MT4/MT5: MetaTrader 4 and MetaTrader 5 platforms that support advanced trading features and technical analysis.

Naga Review: Account Types 

The broker offers 6 account types to choose from: Iron, Bronze, Silver, Gold, Diamond and Crystal.Each account has the following differences:

Iron Account

• Minimum deposit: $250

• Spread: Standard (Example: EUR/USD 1.7)

• Copy Premium All instruments: Earn $0.12 per copied trade

• Copy Premium FX PAIRS: Earn $0.50 per copied trade

• Copy Premium Popular Assets: Earn $0.50 per copied trade

• PI Dashboard: do not have

• Withdrawal Fee: $5

• Signals / Research: NAGA Trading Signals 5 signals per day

Bronze Account

• Minimum deposit: $2,500

• Spread: Standard (Example: EUR/USD 1.7)

• Copy Premium All instruments: Earn $0.15 per copied trade

• Copy Premium FX PAIRS: Earn $0.60 per copied trade

• Copy Premium Popular Assets: Earn $0.60 per copied trade

• PI Dashboard: have

• Withdrawal Fee: $4

• Signals / Research: NAGA Trading Signals 5 signals per day

Silver Account

• Minimum deposit: $5,000

• Spread: Silver Spread (EUR/USD 1.2 example)

• Copy Premium All instruments: Earn $0.18 per copied trade

• Copy Premium FX PAIRS: Earn $0.70 per copied trade

• Copy Premium Popular Assets: Earn $0.70 per copied trade

• PI Dashboard: have

• Withdrawal Fee: $3

• Signals / Research: NAGA Trading Signals 10 signals per day

Gold Account

• Minimum deposit: $25,000

• Spread: Gold Spread (EUR/USD 0.9 example)

• Copy Premium All instruments: Earn $0.22 per copied trade

• Copy Premium FX PAIRS: Earn $0.80 per copied trade

• Copy Premium Popular Assets: Earn $0.80 per copied trade

• PI Dashboard: have

• Withdrawal Fee: $2

• Signals / Research: NAGA Trading Signals 15 signals per day

Diamond Account

• Minimum deposit: $50,000

• Spread: Diamond Spread (EUR/USD 0.7 example)

• Copy Premium All instruments: Earn $0.27 per copied trade

• Copy Premium FX PAIRS: Earn $1.00 per copied trade

• Copy Premium Popular Assets: Earn $1.00 per copied trade

• PI Dashboard: have

• Withdrawal Fee: $1

• Signals / Research: NAGA Trading Signals 20 signals per day

Crystal Account

• Minimum deposit: $100,000

• Spread: VIP Spread (EUR/USD 0.7 example)

• Copy Premium All instruments: Earn $0.32 per copied trade

• Copy Premium FX PAIRS: Earn $1.20 per copied trade

• Copy Premium Popular Assets: Earn $1.20 per copied trade

• PI Dashboard: have

• Withdrawal Fee: do not have

• Signals / Research: Unlimited NAGA trading signals

Deposit-Withdrawal Review

Deposit

• Supports deposits via various channels, including credit/debit cards (Visa, Mastercard, Maestro, Diners, Discover) and bank transfers, such as Bangkok Bank, Kasikorn Bank, Krungthai Bank, Krungsri Bank, Government Savings Bank, TMB, and SCB.

• There are no deposit fees.

• The minimum deposit amount is $250, with a maximum of 35,000 baht per transaction via card and 500,000 baht for bank transfers.

Action: Deposits via credit/debit cards and banks in Thailand are processed instantly, except for Equals Money transfers which take approximately 2-5 business days depending on the country of residence.

Support and Customer Service

Customer support is available through multiple channels to provide assistance, with support available Monday to Friday from 7:30 am to 2:00 am (EEST). Users can select a country to view contact details for the support team in a specific region, which covers countries such as South Africa, Mexico, Peru, India, Indonesia, Malaysia, Thailand, New Zealand, and Vietnam.

For Global Support (English) you can contact us at +442035197495 and +442033228847. Live chat and email support are also available at[email protected].The team will respond within 48 hours.

Broker Overview Summary

NAGA is a broker that focuses on trading and investing through a social trading system. Users can copy the strategies and trades of experienced investors. This makes it suitable for beginners who want to learn or those who want to invest without having to analyze by themselves. The broker offers a wide range of assets such as Forex, real stocks, cryptocurrencies, indices, commodities, and CFDs on various instruments. It also has user-friendly applications for iOS and Android.

However, trading through this broker involves copy trading fees. In addition, the regulation is quite limited. It may not be strictly regulated.

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