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NAGA Sign Up Bonus Revealed ☑️ (Updated 2022)


NAGA Sign-Up Bonus ZAR

 

 

An  NAGA Sign Up Bonus also known as a welcome bonus is not offered by NAGA to professional clients who choose to register for a real account with the broker.

 

Choose your quick section of our NAGA Sign Up Bonus below.

 

Our NAGA Sign Up Bonus Revealed:

 

As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.

 

Sign-Up Bonus

 

Traders who choose to register for a real account with Naga will not receive a welcome bonus due to the fact that the broker is highly regulated by both the Financial Conduct Authority (FCA) and the Cypress Securities and Exchange Commission (CySEC).

 

Both of these regulating entities have placed strict restrictions on the offering of broker bonuses as part of extended client protection measures.

 

As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.

 

Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.

 

New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.

 

Referral Bonus

 

Clients of Naga can earn attractive commissions as part of the broker’s Partner program. Participants will earn a referral bonus on each new client they introduce to Naga in the form of spread revenue and weekly payouts.

 

Referral bonuses allow existing traders of a given broker to earn greater rewards through referring a friend to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.

 

Additional broker bonuses, promotions, and rewards

 

Naga does not offer any additional broker bonuses, such as deposit bonuses, no deposit bonuses or trading bonuses, due to regulatory restrictions from the FCA and CySEC.

 

 

Pros and Cons

 

✔️Pros ❌Cons
Well-regulated broker No bonuses offered

 

Conclusion

Clients of Naga will enjoy a highly secure trading environment due to the broker’s regulation by both the FCA and CySEC. However, this same regulation prevents the broker from offering bonuses to both new and existing loyal customers.

 

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Frequently Asked Questions

 

What is a bonus?

A bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.

Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.

 

Do all Forex brokers offer bonuses?

No, some Forex brokers choose not to feature bonuses as part of their offering, or else are restricted from offering bonuses by their regulators.

The most recent regulatory agencies to restrict the offering of bonuses include the Financial Conduct Authority (FCA), Cypress Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (CySEC).

 

Why do some agencies regulate against the offering of bonuses?

Regulatory agencies such as CySEC and the FCA restrict the offering of bonuses to protect investors from the risks of over trading.

 

How can a bonus benefit my trading?

Depending on the bonus and the conditions attached, it may boost funds available in your account for trading.

 

Does Naga offer a sign-up bonus?

No. Naga does not offer a sign-up bonus. To find out more, click here.





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