Naga can be summarised as a safe and reputable social trading environment. The spreads vary from the instruments traded with super low spreads on major currency pairs. It offers transparent real-time execution and pricing chart data.
According to research in South Africa, NAGA was founded in 2015 by Yasin Qureshi and Bejamin Bilski as a Fintech company in Frankfurt backed by FOSUN that provides transparency over trading processes.
A Quick Overview of our NAGA Review:
NAGA provides access to world markets through decentralized technology along with the necessary support so that global investors may gain bigger exposure.
What is NAGA?
The company is established under Cyprus laws, and complied according to European legislation, allowing access to trade financial markets, cryptocurrencies, stocks and virtual goods supporting all major global markets.
The company aims at revolutionizing the world through decentralizing financial technology and providing access to the best market tools for everyone across the globe.
NAGA’s only vision is financial inclusion for everyone. It allows everyone to access, store, trade and invest in financial markets, cryptocurrencies, and virtual goods. The company constantly set out new goals and challenges to develop and expand its network of products.
Being a FinTech company it has great software that will suit the most demanding appetites accompanied by online support, news streaming and comprehensive analysis features.
Safe or Scam?
The NAGA group is a fully regulated and transparent firm that is not only a publicly listed company but a broker authorized by a CySEC in Cyprus and a technology company operating in Germany.
NAGA is a trademark of The NAGA Group AG, a German-based FinTech company listed on the Frankfurt Stock Exchange (WKN: A161NR | ISIN: DE000A161NR7). This brings a certain level of stability together with a strong establishment and operational base.
NAGA is also backed with a Chinese fund FOSUN making it a reliable firm under any circumstances.
NAGA also complies its trading service with the necessary requirements set by MiFID. As such, traders’ funds are always segregated from the company and are covered by a compensation scheme in case of brokers’ insolvency.
While trading with NAGA you may access flexible leverage that allows you to control and manage risks better and according to your trading style.
Since NAGA is a European broker, the company offering fully complies with ESMA restrictions, therefore, falls under recent updated to use lower leverage levels.
The maximum leverage available for retail traders is 1:30, while professionals may access higher ratios once the professional status is confirmed.
NAGA has only one account. Traders get access to a digital asset exchange, your own cryptocurrency wallet and NAGA’s native cryptocurrency (NGC). All you must do is simply sign up and equip yourself with a single, all-in-one NAGA account.
With NAGA traders can trade in Forex, Real Stocks, Indices, Stock CFDs, Cryptocurrencies, Commodities, Exchange Traded Funds and Futures. Most of them with ultra-low fees.
Forex has a fast order execution time and over 500 instruments on the platform. Real Stocks traders can invest with no commissions. It has fast order execution time, over 400 real stocks to invest in with zero commissions and no hidden fees
Indices is an instrument that represent the performance of a market or segment. It has fast order execution time with over 20+ instruments on the platform.
You can trade in over 400+ stock CFDs and benefit from either a long or a short position. Fast order execution time with ultra-low fees.
Buy, store, sell and trade major cryptocurrencies, all in one solution. NAGA provides a digital wallet to store cryptos on a proprietary crypto-exchange platform with 10+ of the most popular cryptos.
Trade and benefit in commodities like coffee, wheat, natural gas, crude oil, and numerous other global commodities. Fast order execution time with investment opportunity for portfolio diversification.
You can trade CFDs on the world’s top Exchange Traded Funds (ETF) on a trusted and reliable platform and discover other 500+ trading instruments on offer. Fast order execution time on over 500 instruments on the platform.
Futures has fast order execution time with over 500 instruments on the platform.
Investing in real stocks has never been easier. Buy and sell the shares of world’s biggest public companies on NAGA with no account fees, no commission and no negative interest charges in any of the NAGA markets
NAGA offers low spreads for all traders despite trading account size, so any investor will get better trading conditions. Typical spread for EUR/USD is 1.2 pips, which is considered a good spread among industry offering.
As for other instruments, there could be commission charges for some assets which you will find directly from the platform.
While using social trading all costs and spread of the profit between master account and copy account will be calculated automatically.
Always consider Naga rollover or overnight fee as a cost, charged on the positions held longer than a day and determined by the direction you trade either selling or buying.
Deposit and withdrawal
Naga supports all major cards, cryptocurrencies and alternative payment methods like e-wallets.
Since February 2019 NAGA launched NAGA Card & IBAN that allows users to manage funds and pay for services or goods even easier, throughout all benefits of NAGA MasterCard.
There is no minimum amount required by NAGA for first-time deposits, but an amount of $200 is recommended which expose traders to almost any market. Each payment method may require a specified minimum amount available for transfer.
Naga covers all deposit fees whatever method you will use for money transfer. As for withdrawals, NAGA does not waive fees. Check with your payment provider in case there are any charges that might be applicable due to international transfer laws.
NAGA offer either MetaTrader4, its newer version MetaTrader5 or use the proprietary software NAGA Web platform together with its applications.
While MT4 and MT5 do not require any introduction due to its world popularity and proved powerful capabilities it remains at your decision to use it either manual or automatic strategies.
NAGA trading platform brings you additional capabilities and a truly great balance between a friendly interface and its sophisticated solutions.
NAGA enables trading and investing in multiple markets all over the world from any device or platform you prefer. Choose the one you like or compare them below to find out the one that suits you best.
MT4 and MT5
Download MetaTrader4/5 for desktop or mobile devices, and trade with precision using your NAGA account on the industry’s leading trading platforms.
Trading with NAGA on MT4 lets you trade in a familiar platform, while still allowing NAGA users to copy your trading activity that is synced to your NAGA profile.
- Customizable interface
- 30 technical indicators
- 31 graphing objects
- 4 pending order types
- 3 order execution types
Trading with NAGA on MT5 lets you trade a wider array of instruments, including real shares. Physical shares allow our users to attain ownership of companies that entitles them to benefits such as dividends.
NAGA Web App
You can use all NAGA’s features, from auto copying to setting up price alerts directly in your browse. NAGA’s Web App encompasses nearly all features from all platforms supported by NAGA. Trade 500+ instruments on a user-friendly and advanced platform.
NAGA for iOS and Android
Download NAGA’s free app for your iPhone or iPad or your Android device from the App Store and trade on the go.
Trade anywhere, anytime with a full-featured NAGA mobile app for iOS. Buy and sell any instrument, Auto Copy top investors, chat on NAGA Messenger, all from a single app.
How to open an account
The NAGA review is simple and easy.
- To open an account is quick and easy. You fill out a registration form and confirm your email address.
- You need to supply some documents for identification purposes and once this is verified you can fund your account and start trading.
If you have a question or need support but did not find an answer in NAGA’s Help Centre, the company can be contacted directly. Consultants are available 24/5.
Education and webinars
In the link that takes you to NAGA academy, traders have access to articles, videos, webinars and tutorials to teach and advise you on everything you need to know about trading.
While one of the main parts of NAGA offering is a Social trading capability, you will find excellent capability for copy trading, which is based on proprietary algorithms defining top traders and leading trades along with numerous bonuses.
There is also a great offering performed via Naga Exchange that allows unlimited and commission-free crypto and fiat trading through its biggest social network.
Whether you are a professional or beginning trader, Naga welcomes both with unique opportunities either to copy trades or act as a master.
NAGA provides daily webinars in multiple languages that cover a range of trading topics from technical and fundamental analysis, market outlook and much more.
NAGA also provides an economic calendar from MetaQuotes that displays the date and time of upcoming global economic releases and market events.
Traders can see the currency that will be impacted along with the previous, forecast or actual results of the releases. This can help as part of a fundamental analysis and keep traders up to date with the latest market movements.
NAGA also has a social trading platform where traders can find news feeds, publish, like, comment or share posts, copy or provide signals, get exclusive insights into different markets, get the latest market news, and connect with traders worldwide.
There is no indication of any awards received by the company as of yet.
Overall, NAGA shows a company that stands on strong technology and development of trading innovation.
In trading with NAGA, you will find vast investment opportunities whether you are a beginner or professional who seeks progressive trading options accompanied by good trading conditions and costs.
NAGA is an innovative online broker that offers a social investing network where traders can like, share and copy investments on over 500+ trading instruments like Forex, Commodities, Cryptocurrency, Stock, Shares, Indices, Metals, Energies, ETFs and CFDs.
The large NAGA community allows beginners to increase their trading knowledge whilst the more experienced traders can be rewarded for sharing theirs.
It is a place for traders to interact with like-minded peers, discuss the current market conditions and share results via your own personal choice or group or public chats.
NAGA allows users to receive instant copy trading payouts to their accounts by offering their trading signals to be copied by other users. They have a great selection of copy trading features and social trading tools.
Together with its regulatory obligation NAGA seems a good choice of a brokerage firm and could be a pleasant partner in your trading journey too.
NAGA warns traders to trade responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing you money.
The past performance of a NAGA community member is not a reliable indicator of his future performance. Content on NAGA’s social trading platform is generated by the members of its community and does not contain advice or recommendations by or on behalf of NAGA.
Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders.
Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours.
Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
Restricted regions: NAGA Global Ltd does not provide services to residents of certain jurisdictions including the USA, Iran, North Korea, Cuba, Iraq, Syria and Canada. – According to research in South Africa.
Pros and Cons
|✔️ Pros||❌ Cons|
|Investors Compensation Fund (ICF)||No US clients|
|Provide a personal trading assistant||Restricted leverage for non-professional clients|
|Various education instruments||Option of only one account for all|
|Provide support in multiple languages|
You might also like: NAGA Account Types Overview
You might also like: NAGA Demo Account – Step by Step
You might also like: NAGA Fees and Spreads
You might also like: NAGA Islamic Account Overview
You might also like: NAGA Minimum Deposit
You might also like: NAGA Sign up Bonus
Frequently Asked Questions
What is NAGA?
NAGA was founded in 2015 as an online financial trading platform and a multi-asset broker.
What is the leverage for NAGA?
Retail traders enjoy maximum leverage of 1:30. Once a trader’s professional status is confirmed, professionals may access higher ratios.
What trading instruments are offered by NAGA?
NAGA offers retail investors: Stocks, Indices, Cryptocurrency, Forex, ETFs, Commodities & CFD
Is NAGA considered a global broker?
No, that is because NAGA is not allowed to operate in some major trading countries.
Does NAGA charge fees for inactive accounts?
No, the broker does not charge inactivity fees.
Does NAGA charge commission fees?
Yes, the commission is charged on CFD instruments.
Is NAGA secure and safe?
Your funds with NAGA is deposited in a Tier1 Bank – meaning that the Bank has enough capital to meet your withdrawal account even if NAGA goes out of business for some reason. Therefore, NAGA is considered safe and secure.
How many traders does NAGA have?
NAGA is used by more than 650 000 users and traders.
How secure is the NAGA trading platform?
SSL encryption in its PC and mobile platforms enables NAGA to safeguard the personal info of its clients. The broker urges its users to always look for the SSL security sign (a lock sign) that can be found on the browser while operating NAGA.
Can I try NAGA before I buy?
Yes, the broker offers a demo account for that purpose.
Featured SA Shares Writer and Forex Analyst.