NAGA Review

Overview – Fees and commissions – Safety – Opening an account – Account types – Trading Platforms – Markets and products – Research tools – Education and training – Customer support – Our verdict

review

NAGA Forex broker is a highly respected broker with a solid track record and a wide range of trading options, according to our review. NAGA Global LLC began operating in 2015 and has since received licenses from top-tier regulatory bodies. With an average client approval time of fewer than 16 minutes, and a fast withdrawal process in a few minutes. It’s noteworthy that the firm has a high customer approval rate. These aspects make the broker unique in its own way. NAGA has also received many accolades since its creation, unlike its competitors.

• More than 950 products, including currency and equities
• NAGA’s user-friendly platform allows you to trade cryptocurrencies
• Real-time trading at NAGA Since 2017
• A user-friendly copy trading platform
• Licensed and regulated by CySEC, and SVG
• A wide range of trading tools
• Client funds are kept separate
• Some countries are restricted from trading on NAGA

overall

In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how scored in each of our high-priority categories.

Fees and commissions

There are some fees on crypto transactions, but fiat transactions are largely covered by the brokerage or their payment service provider. Floating spreads start at 1 pip with NAGA Markets. While this appears to be a bargain, it is rather normal nowadays; nevertheless, its value can be reduced with the NAGA Achievements software.

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Meanwhile, commissions on stock trading in the EU are zero percent. Spreads on the most commonly traded instruments, for example, are as follows:

• 1 pip EUR/USD
• 0.800 pips on the SPX500
• Shares in the United States: 0%

A daily rollover fee, often known as overnight costs or switch fees, may be charged by NAGA Forex broker as well.

Trading Fees*

TYPE OF FEE	COST
Minimum Spread EURUSD (pips)
Commission (%)	%
Commission on Islamic Accounts (%)	%

*Based on Standard account type.

Non-Trading Fees

Account Fee	N
Inactivity Fees	N
Deposit Fees	N
Withdrawal Fees	N

With a few exceptions, overnight fees are levied on nearly every asset because this broker is a CFDs supplier. These costs are levied every day at the closing market hour, as per customary market procedure.
You should verify the amount that will be charged before deciding on the platform that you wish to utilize. Meanwhile, if you’re a muslim trader, a swap-free account could be of interest to you.
After three months of inactivity, NAGA will impose an inactivity fee starting on the first day of the next month.

Safety

The Cyprus Securities Exchange Commission, or CySEC, is the financial industry’s regulatory organization in Cyprus, with the purpose of providing competent supervision to ensure investor protection and the continued growth of the securities market. NAGA Markets Ltd is a Cyprus-based firm that has this qualification alongside with a license form Saint Vincent and the Grenadines (as a NAGA Global LLC).

NAGA has multiple qualifications via a highly reputable regulatory organization. It has bases in a few countries.

• NAGA Global LLC is a company based in Kingstown, St. Vincent and the Grenadines, which is a great qualification to have with a registered address at Trust House, 112 Bonadie Street
• NAGA Markets LLC is also a Cyprus-based company with a registered address at Eurosure Tower, 3rd Floor, 2112 Nicosia
• NAGA Markets Europe Ltd, with registered address at Ariadnis 7, Moutagiaka, 4531 Limassol, Cyprus, is authorised and regulated by the Cyprus Securities and Exchange Commission , The Licence Number is 204/13

It’s worth noting that, due to the Financial Commission’s structure, NAGA forex broker’s complete client base isn’t automatically entitled to compensation in the case of insolvency. In the unusual event that NAGA becomes insolvent, one can futile a dispute. At NAGA, all accounts come with free negative balance protection.

Opening an account with NAGA

Not only is it simple to open an account with NAGA, but the broker also authorizes clients in an average of ten minutes. Other brokers, on the other hand, can take up to 72 hours to authenticate supporting documents. You will need to enter some basic information to register and the procedure can be completed on a desktop or mobile device.

Account types

There are six different account types available on the site for the traders to start using. Each offering a distinctive aspect that the firm is known for. There are many instruments to start trading with which are all available with the following NAGA FX brokerage accounts which are named after metals. In fact, metals are one of the popular trading instruments available on the broker’s site. The titles of the accounts are the following

• Iron
• Bronze
• Silver
• Gold
• Diamond
• Crystal

Account Types

	BRONZE	SILVER	GOLD	DIAMOND	CRYSTAL
Minimum Deposit	$250	$2,500	$5,000	$25,000	$50,000	$100,000
Max Leverage	1:30	1:30	1:30	1:30	1:30	1:30
Minimum Order Size	0.01 lots	0.01 lots	0.01 lots	0.01 lots	0.01 lots	0.01 lots
Spreads	1.7	1.7	1.7	1.2	0.9	0.7
Commission	0.20%	0.20%	0.20%	0.10%	0.10%	0.10%
Available Instrument Types	Forex, Spot Metals	Forex, Spot Metals	Forex, Spot Metals	Forex, Spot Metals, Spot CFDs, Cryptocurrencies	Forex, Spot Metals, Spot CFDs, Cryptocurrencies	Forex, Spot Metals, Spot CFDs, Cryptocurrencies
Free Stock Trading	0% Real-Stock Trading (European Clients)	0% Real-Stock Trading (European Clients)	0% Real-Stock Trading (European Clients)	0% Real-Stock Trading (European Clients)	0% Real-Stock Trading (European Clients)	0% Real-Stock Trading (European Clients)
Trading Platforms	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5	MT4, MT5
Automated Trading	Daily NAGA 5 Trading SIgnals	Daily NAGA 5 Trading Signals	Daily NAGA 10 Trading Signals	Daily NAGA 15 Trading Signals	Daily NAGA 20 Trading Signals	Daily NAGA 20 Trading Signals
Withdrawal	5 EUR/USD/GBP or equivalent	4 EUR/USD/GBP or equivalent	3 EUR/USD/GBP or equivalent	2 EUR/USD/GBP or equivalent	1 EUR/USD/GBP or equivalent	0 EUR/USD/GBP or equivalent

*Maximum leverage for EU clients is 1:100
**Maximum leverage for Australian clients is 1:500

It is important to note that the minimum order size is 0.01 lots. The Company reserves the right to limit maximum order sizes from time to time and to decline an order in accordance with our Client Agreement. The Company has said that it will make every attempt to fill orders regardless of volume, and this can be done at the ‘best available price’ and according to the customer’s specifications.

Trading Platforms

NAGA MT4 allows you to trade on a familiar platform while also allowing users to duplicate one’s trading activity. This platform has the privilege of customization as its a very multifunctional software. Its interface can be customized to one’s liking. A total of 30 technical indications are available alongside thirty more graphing objects. There are four different categories of pending orders. As for the order execution, there are three different methods.

• 38 technological objects.
• 44 graphing objects.
• 6 categories of pending orders.
• 4of order execution.

NAGA’s website includes a large list of trading platforms that are compatible with the clone account. MetaTrader 4 and NAGA MT5 are two trading platforms that can be used to get started. As we all know, this is one of the most well-known and respected trading platforms in the industry, and every legitimate broker has it for their clients.

The MetaTrader trading platform is available in both versions at NAGA. They also intend to offer WebTrader, which is a competitor to the MT4 and MT5 trading platforms. WebTrader is just as useful and well-liked. The main difference between the two is that one is web-based while the other is not.

Trading Platforms

TRADING INSTRUMENT	NUMBER
Currency Pairs	53
Cryptocurrency	8
ETFs	6
Commodities	4
Indices	3
Stocks and Shares	150

Markets and products

CFDs are available on a variety of asset categories, including cryptocurrencies, equities, commodities, and currency pairs. However, they only provide extra information about cryptocurrencies and Forex trading in their CFD area of the site. NAGA forex broker is on the internet, reviews are immensely useful. As a result, you can trade with four distinct asset kinds, as listed in the CFD section. Additionally, there is a live trading signal updating option that is both effective and not a gimmick.
Hundreds of underlying assets are accessible for trading, including major forex pairs, smaller currencies, cryptocurrencies, stocks, and market indexes. When you trade CFDs, your investment has a 30:1 leverage.

Instrument	Number
Currency Pairs
Commodities
Precious Metals
Indices
Stocks and Shares
Cryptocurrencies
Options
ETFs

Research tools

Leverage and spreads are important trading tools for both novice and experienced traders, what we think is the case for NAGA is the fact that the firm goes beyond to provide its traders with additional research tools that are very useful

Research Tools

News (from top-tier sources)	N
Trading Signals and Indicators	N
Trade Ideas	N
Expert Analysis	N
Autochartist Tools	N
Sentiment Charts	N
Economic Calendar	V

Education and training

There are no NAGA Promotions, however, to obtain a better understanding of the subject of Forex trading, a range of mediums are available. For the best trading experience, you can use Ebooks, courses, tutorials, trade signals, economic and reporting calendars, and many more tools to come in the future. Every account holder has easy access to everything.

The company is putting a lot of effort into its educational incentives. They prefer to invest in educational incentives. Which can be helpful to both traders and investors in the long run. The information on the website can help you comprehend the fundamental principles and terminologies of Forex trading.

Educational Features

Demo Account	N
Platform Tutorial Videos	N
Educational PDFs	N
Live Webinars	N
YouTube Videos	N
Trading Academy	N
Trading Glossary	N

Customer support

Another distinguishing element of the brokerage is its unique customer service strategy. The support staff is quite diverse and knowledgeable. They are always available to assist you in any of the eleven languages in which NAGA FX brokerage provides services. On all of their platforms, the support crew is available 24 hours a day, 7 days a week to assist you with any issue. NAGA can be contacted in a variety of ways and in many languages.

You can use the helpful Live Chat option, which also serves as an FAQ. So, if you have a general query, it’s possible that it’s already been answered in the FAQ part of the company.

If you prefer to keep things personal and prefer to talk, call the customer service hotline. You may also reach out to NAGA Forex broker management with a few clicks. Here’s a step-by-step guide on how to do it.

1. Go to the site’s “Contact Us ” area.
2. Then select “Contact Management” from the drop-down menu.
3. Fill up the blanks with whatever is on your mind.

Our Verdict

All in all, we highly recommend doing your trading business with NAGA. They have everything you might need to make a successful trade including but not limited to great leverage and spreads, practically no fees, and many additional tools. All of this alongside countless educational material at your disposal. The website is very secure as it uses the new SSL encryption and all six account types are safeguarded with a two-factor authentication process.

Final Summary

Minimum Deposit (USD)
Licenses
Max. Leverage
Client Protection	N
Broker Type
Number of Instruments
Currency Pairs
Stocks
Cryptocurrencies
CFDs	N
Proprietary Trading Platform	N
MT 4	N
MT 5	N
Mobile Compatible	N
Research Tools	N
Educational Materials	N
Payment Methods
24/5 Customer Support	N
Live Chat	N

What’s next

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Open an account on the broker website.
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See what benefits one offers over the other.
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