NAGA.com vs XM Group Broker Comparison

Home » NAGA.com vs XM Group Broker Comparison

Are you trying to figure out which is a better broker, NAGA.com or XM Group? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that XM Group is the better of the two. XM Group offers 1,388 instruments, licenses from FCA, CySec, ASIC, IFSC, and fair trading fees.

In the tables below, you can compare the features of NAGA.com and XM Group 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 XM Group higher than NAGA.com.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
naga logoXM@3x
OPEN ACCOUNTReviewReview
RATING90/10094/100
MIN. DEPOSIT250$5$
REGULATED BYeuropeuk europe australia belize
BONUSN/A$25 Non-Deposit Bonus**
MIN. SPREAD11
MAX. LEVERAGE1:301:888
CURRENCY PAIRS30057
TRADING INSTRUMENTS950+1,388
TRADING PLATFORMSMT4, MT5MT4, MT5, Mobile
DEPOSIT METHODSBank Transfer, Debit cards, Credit Cards, SkrillBank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
TYPE OF BROKERSMarket MakerMarket Maker
CUSTOMER SUPPORT24/724/5
LANGUAGE SUPPORT1022
ESTABLISHED20152009, HQ in Limassol
USED BY100,000+ Traders

Does NAGA.com or XM Group 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 XM Group 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 XM Group the spread is 1.

This shows that both brokers equally provide low-cost forex trading opportunities.

When it comes to non-trading fees, NAGA.com charges for inactivity, withdrawal. XM Group charges for inactivity. With this in mind, XM Group has lower non-trading fees.

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

Trading Fees*

TYPE OF FEENAGA.COMXM GROUP
Minimum Spread EURUSD (pips)11
Commission (%)0
Commission on Islamic Accounts (%)0

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEENAGA.COMXM GROUP
Account FeesNN
Inactivity FeesYY
Deposit FeesNN
Withdrawal FeesYN

Which broker is safer, NAGA.com or XM Group?

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. XM Group is regulated by FCA, CySec, ASIC, IFSC and does not offer client protection.

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

Broker summary

NAGA.COMXM GROUP
Minimum Deposit (USD $)2505
LicensesCySecFCA, CySec, ASIC, IFSC
Max. Leverage1:301:888
Client ProtectionNY
Broker TypeMarket MakerMarket Maker
Number of Instruments950+1,388
Currency Pairs30057
Stocks400+1184
Cryptocurrencies270
CFDsYY
Proprietary Trading PlatformYN
MT 4YY
MT 5YY
Mobile CompatibleNY
Research ToolsNY
Educational MaterialsNY
Payment MethodsBank Transfer, Debit cards, Credit Cards, SkrillBank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
24/5 Customer SupportYY
Live ChatYY

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

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, XM Group boasts 1,388 tradable instruments. XM Group offers 57 currency pairs, 0 cryptocurrencies, and 1184 stocks and shares. XM Group also allows CFD trading.

As XM Group has 1,388 and NAGA.com has 950+, a difference of 949, this shows that XM Group offers more opportunities to diversify your trading portfolio.

Markets and Products

INSTRUMENTNAGA.COMXM GROUP
Currency Pairs30057
Commodities813
Precious Metals04
Indices2530
Stocks and Shares400+1184
Cryptocurrencies270
Options00
ETFs11

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

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 XM Group has 3 trading platforms. Both brokers also offer research and trading tools, however XM Group has more.

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

Research Tools

TOOLNAGA.COMXM GROUP
News (from top-tier sources)YY
Trading Signals and IndicatorsNY
Trade IdeasNY
Expert AnalysisNY
Autochartist ToolsNY
Sentiment ChartsNY
Economic CalendarYY

Which is better for beginners, NAGA.com or XM Group?

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 XM Group is the better broker for beginner traders as it offers a larger range of educational tools and materials. XM Group also has a minimum deposit of $.

Educational Features

FEATURENAGA.COMXM GROUP
Demo AccountYY
Platform Tutorial VideosNY
Educational PDFsNN
Live WebinarsNY
YouTube VideosNY
Trading AcademyNN
Trading GlossaryNN

Which broker is better overall?

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

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