NAGA.com vs FXChoice Broker Comparison

Are you trying to figure out which is a better broker, NAGA.com or FXChoice? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXChoice is the better of the two. FXChoice offers 50+ instruments, licenses from IFSC, and fair trading fees.

In the tables below, you can compare the features of NAGA.com and FXChoice side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked FXChoice higher than NAGA.com.

Rating
90/100
93.8/100
Min. Deposit
250$
100$
Regulated By
CySecCySec
IFSCIFSC
Bonus
N/A
15%
Min. Spread
1
1.4
Max. Leverage
1:30
1:200
Currency Pairs
300
36
Trading Instruments
950+
50+
Trading Platforms
MT4, MT5
MT4, MT5, mobile
Deposit Methods
Bank Transfer, Debit cards, Credit Cards, Skrill
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
Type of Brokers
Market Maker
Market Maker/NDD
Customer Support
24/7
24/5
Language Support
10
8
Established
2015
2010
Used By
100,000+ Traders

Does NAGA.com or FXChoice have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive NAGA.com and FXChoice are, we first considered the common fees on Standard Accounts. At NAGA.com the average spread for the EUR/USD currency pair is 1 pips, whilst at FXChoice the spread is 1.4.

This shows that NAGA.com is the better option for low-cost forex trading.

When it comes to non-trading fees, NAGA.com charges for inactivity, withdrawal. FXChoice charges for deposit, withdrawal. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXChoice is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, NAGA.com or FXChoice?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

NAGA.com is regulated by CySec and does not offer client protection. FXChoice is regulated by IFSC and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FXChoice is the safer broker.

Broker summary

How many trading instruments are available at NAGA.com and FXChoice?

NAGA.com provides traders with 950+ instruments. This includes 300 currency pairs, 27 cryptocurrencies, and 400+ stocks and shares. With NAGA.com, you can also trade CFDs.

In comparison, FXChoice boasts 50+ tradable instruments. FXChoice offers 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. FXChoice also allows CFD trading.

As FXChoice has 50+ and NAGA.com has 950+, a difference of 900, this shows that FXChoice offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, NAGA.com or FXChoice?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

NAGA.com provides you with the ability to trade via 3 trading platforms, and FXChoice has 3 trading platforms. Both brokers also offer research and trading tools, however FXChoice has more.

Overall, our experts agree that FXChoice boasts the better trading platform offering.

Research Tools

Which is better for beginners, NAGA.com or FXChoice?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FXChoice is the better broker for beginner traders as it offers a larger range of educational tools and materials. FXChoice also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that FXChoice is the better broker in a range of key areas. You can learn more by reading our NAGA.com and FXChoice reviews.

NAGA.com vs FXChoice
NAGA.com
90
Points
FXChoice
93.8
Points
Overall
3 points
NAGA.com
88
Points
FXChoice
96
Points
Commissions & Fees
8 points
NAGA.com
85
Points
FXChoice
93
Points
Licensing & Safety
8 points
NAGA.com
90
Points
FXChoice
98
Points
Trading Platforms & Tools
8 points
NAGA.com
95
Points
FXChoice
97
Points
Payments
2 points
NAGA.com
95
Points
FXChoice
92
Points
Customer Service
3 points
NAGA.com
80
Points
FXChoice
87
Points
Educational
7 points
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