Naga.com Reviews

NAGA Review If you are looking for an innovative broker that offers social networking and financial inclusion for all, NAGA has got you covered. NAGA was founded by Benjamin Bilski and Yasin Qureshi in 2015 in Frankfurt as a fintech company.

The company is registered according to European legislation and recognized under the Cyprus laws. Their main aim is to revolutionize trading by reorganizing financial technology and offering the most advanced tools to investors.

Also, NAGA offers its copy trading feature called Autocopy, which allows traders to copy strategies from other traders and helps them earn money through the copying process.

In addition, one can also share ideas, share and discuss various ideas and strategies using the NAGA Messenger and the NAGA feed. The MetaTrader 4 and 5 platforms are available for traders where you can trade 1000+ assets including Forex, CFDs, Stocks, and much more.

NAGA provides its users with highly intuitive web and mobile interfaces, real-time order execution, and a personal account manager with whom you can interact via emails, chats, and phone.

They have exceptional customer support accompanied by features such as comprehensive analysis and news streaming. NAGA is a part of FOSUN, a publicly-listed Chinese fund.

Moreover, it provides a seamless trading experience and a perfect trading environment for beginners who are more likely to copy trades.

Is NAGA Safe or Scam?

The NAGA Group is publicly-listed and authorized by CySEC in Cyprus and a technology company from Germany. NAGA is a strong establishment, a transparent broker with its operational base.

It has a trademark of the NAGA Group AG as a German Fintech company on the Frankfurt Stock Exchange. Also, NAGA registers its trading service based on requirements according to MiFID. Therefore NAGA is a safe platform for traders to carry out their trade.

NAGA Pros & Cons Pros: • Investors Compensation Fund (ICF) • Various Education Instruments • Personal Trading Assistant • No deposit fees • Strict Regulations • Impeccable Customer Support

• Easy Demo and sign-up process • Full Demo access to MT4 • Advanced copy trading software • Support in multiple languages • MT4 & MT5 Cons: • Restricted leverage for beginners • One account option for all • Limited deposit currencies • Additional trading fees • No copy-trading features are available on a demo account • Withdrawal fees are charged.

NAGA Features – • NAGA Popular Investor – NAGA’s unique “Popular Investor” program helps traders to share their portfolios and trading strategies with a worldwide network of investors. When other traders copy you, you can get up to $10000 from NAGA’s Popular Investors’ Fund each month.

• Popular Investing App – Millions of investors use the NAGA trading platform to trade. The Popular Investing App offers its intuitive design and easy navigation to all traders worldwide.

• Professional Offering – NAGA offers high-quality tools and charts for both beginners and professional traders. Get access to free education from eBooks, NAGA’s webinar series, and tutorial videos. Also, there are several payment methods such as credit cards and wire transfers.

• NAGA Autocopy – You do not have to go through multiple screens to stay updated.

NAGA’s Autocopy features can help in mirroring traders’ activities and strategies automatically.

NAGA Account Types: Iron – 1. Features – Lower fees and higher copy bonus- $0.12 and reduced stock CFD commissions0.20%. The decreased withdrawal fees are 5 USD/EUR/GBP or equal and access to trading educational material.

2. Account Currency – GBP/EUR/USD 3. Leverage – 1:1000 4. Minimum Deposits – $250 5. Starting Spreads – 1.7 6. Commissions Per Trade – Reduced Commission on Stock CFDs – 0.20% 7. Decimal Pricing – Up to 5 8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares

9. Minimum Lot Size Per Trade – 0.01 10. Maximum Lot Size Per Trade – 50 11. Demo Account – Yes 12. Swap/Rollover Free – Yes 13. Copy Trading Support – Yes Bronze – 1. Features – Low fees and access to Copy Analytics Dashboard, IRON-level benefits, higher copy bonus - $0.15, decreased Withdrawal fees- 4 USD/GBP/EUR or equal, and access to free educational materials on trading.

2. Account Currency – USD/EUR/GBP 3. Leverage –1:1000 4. Minimum Deposits – $2500 5. Starting Spreads – 1.7 6. Commissions Per Trade – Reduced Commission on Stock CFDs – 0.20% 7. Decimal Pricing – Up to 5 8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares 9. Minimum Lot Size Per Trade –0.01 10. Maximum Lot Size Per Trade – 50 11. Demo Account – Yes 12. Swap/Rollover Free – Yes 13. Copy Trading Support – Yes Silver – 1. Features – Personal tutoring, lower fees and better trading conditions with BRONZE-level benefits, higher copy bonus - $0.18, decreased Withdrawal fees – 3 USD/EUR/GBP, and two sessions of personal tutoring 2. Account Currency – USD/EUR/GBP 3. Leverage – 1:1000 4. Minimum Deposits – $5000 5. Starting Spreads – 1.7 6. Commissions Per Trade – Reduced Commission on Stock CFDs – 0.20% 7. Decimal Pricing – Up to 5 8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares 9. Minimum Lot Size Per Trade –0.01 10. Maximum Lot Size Per Trade – 50 11. Demo Account – Yes 12. Swap/Rollover Free – Yes 13. Copy Trading Support – Yes

Gold – 1. Features – Better trading conditions and reduced spreads with lower fees. Get access to premium trading contests, a higher copy bonus - $0.22, decreased withdrawal fees -2 USD/EUR/GBP or equivalent, reduced stock CFD commissions -0.10%, and four personal trading sessions.

2. Account Currency – USD/EUR/GBP 3. Leverage – 1:1000 4. Minimum Deposits – $25000 5. Starting Spreads – 1.2 6. Commissions Per Trade – Reduced Commissions on Stock CFDs - 0.10% 7. Decimal Pricing – Up to 5 8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares 9. Minimum Lot Size Per Trade –0.01 10. Maximum Lot Size Per Trade – 50 11. Demo Account – Yes 12. Swap/Rollover Free – Yes 13. Copy Trading Support – Yes Diamond –

1. Features – Better fees and conditions, platinum spreads alongside NAGA profile awareness boost, higher copy bonus- $0.27, and reduced spreads. Also, the decreased withdrawal fees – 1 USD/EUR/GBP or equivalent, reduced stock CFD commissions -by 0.10%, premium trading contests, and personal tutoring sessions.

2. Account Currency – USD/EUR/GBP 3. Leverage – 1:1000 4. Minimum Deposits – $50,000 5. Starting Spreads – 0.9 6. Commissions Per Trade – reduced commission on Stock CFDs – 0.10 7. Decimal Pricing – Up to 5 8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares 9. Minimum Lot Size Per Trade – 0.01 10. Maximum Lot Size Per Trade – 50 11. Demo Account – Yes 12. Swap/Rollover Free – Yes 13. Copy Trading Support – Yes Crystal – 1. Features – No withdrawal fees charged, best trading conditions with VIP spreads, 20 regular trading signals, everything from Iron to Diamond level, the lowest VIP spread, higher copy bonus - $0.32 without withdrawal fees, reduced stock CFD commissions of 0.10%, unlimited personal tutoring sessions, and premium trading contests.

2. Account Currency – USD/EUR/GBP 3. Leverage – 1:1000

4. Minimum Deposits – $100,000 5. Starting Spreads – 0.7 6. Commissions Per Trade – Reduced commission on stock CFDs – 0.10% 7. Decimal Pricing – Up to 5 8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares 9. Minimum Lot Size Per Trade – 0.01 10. Maximum Lot Size Per Trade – 50 11. Demo Account – Yes 12. Swap/Rollover Free – Yes 13. Copy Trading Support – Yes NAGA Market instruments –

NAGA offers traders multiple instruments such as Forex, Stocks, Indices, Stock CFDs, Cryptocurrencies, Commodities, Futures, and Exchange Traded Funds. Most of these instruments come with low fees at NAGA. There are more than 500 instruments on the Forex platform where real stock traders can invest without commissions. Also, there are no hidden fees with fast order execution time and zero commissions.

Indices is an instrument that shows the performance of a market or sector and there is a fast execution time with more than 20 instruments. One can trade with more than 400 stock CFDs and benefit from short or long positions and low fees.

Buy and sell cryptocurrency using the NAGA digital wallet, the proprietary platform for crypto exchange with more than ten popular cryptos.

Trade CFDs on the world’s most reliable and trusted platforms through Exchange Traded Funds (ETF) and access more than 500 instruments. Futures also have fast order execution on more than 500 instruments.

NAGA Leverage – You can access leverage according to your trading style. NAGA offers flexible leverage to control and manage risks better. They follow all recent updates that enable the use of low leverage levels since it has ESMA restrictions.

The maximum leverage available for traders is 1:30 but experienced traders can access high ratios after achieving their professional status.

NAGA Fees – Buy and sell real stocks and shares from the largest public organizations without account fees, commission fees, and charges for negative interests. Also, get low spreads irrespective of the size of the account. The average spread is 1.2 pips for EUR/USD.

In the case of other instruments, the commission charges are available on the NAGA trading platform. All costs and spreads between the copy account and master account are calculated automatically.

NAGA charges an overnight fee on all positions held longer than a day for either selling or buying.

NAGA Deposits and Withdrawals – All major cards, payment methods, and cryptocurrencies are supported by NAGA. In 2019 NAGA introduced the NAGA Card & IBAN which helps users manage their funds and make payments even more easily.

There is no need for a minimum amount at NAGA the first-time deposits. However, the sum of $200 is charged to help expose traders to all markets. Every payment method requires a minimum amount for transfers.

Also, all deposit fees are covered by NAGA on all methods of money transfer. Traders should check with their payment provider in case of any extra charges based on the international transfer of laws.

NAGA Trading Platforms – At NAGA, traders can use the MetaTrader 4 and MetaTrader 5 other than their own proprietary NAGA web platform software. You may want to use either manual or automatic strategies through any of the above choices while trading.

NAGA provides its users with a user-friendly interface and sophisticated solutions by guaranteeing to invest and trade worldwide in several markets. Choose your preferred market and find out by comparing which suits you the best.

MT4 & MT5 – Make the best of trading on your desktop or mobile devices and trade with precision using the NAGA account. Trade with NAGA MT4 and let users copy your trading activity on your NAGA profile.

You can trade with several instruments including shares and other assets.

Get the ultimate trading experience at NAGA• 31 graphing objects • Customizable interface

• 30 technical indicators • 3 order execution types • 4 pending order types

NAGA Web AppThe NAGA wen app allows you to use all NAGA features while setting up price alerts and auto-copying. Trade with more than 500 instruments and trade from anywhere in just a few clicks.

NAGA for Android and iOS – Trade with NAGA’s free application for iOS and Android. Download the app from the App Store to start your trading journey. The NAGA messenger is an efficient feature that enables you to chat within the app.

How to open a NAGA Account – Opening a NAGA account is very easy. Follow the four steps below: 1. Register – For opening an account, go to the website, click on sign up, choose which country you are from, and fill in the registration form with your email address to confirm.

2. Complete your profile- Complete the requested fields with relevant information and click “Continue”.

3. Complete personal information – You must complete your personal information after the verification of your contact number. Also, create a strong password for your account and click “Send”.

4. “Know your client” Verification -This is the last step where you will be asked for documents to confirm your identity and after you are verified you can start using your account and start trading.

NAGA Customer Support - You can try the NAGA Help Centre with any query or question you have, and you can contact the company directly where the consultants are available 24/5.

NAGA Education & Webinars – Get access to videos, articles, tutorials, webinars, and a wide range of educational materials at the NAGA academy. The NAGA social trading is one of its main features allowing traders the ability to copy trades through the company’s proprietary algorithms.

The other great offering from NAGA is NAGA Exchange which allows trading through the biggest network and unlimited commission-free trading. You can utilize unique opportunities at NAGA even if you are a beginner.

NAGA Research – You can find extensively researched information that is filtered out of webinars and cover all trade-related topics. The information is then available in several languages with topics like fundamental and technical analysis.

Find the Economic Calendar from MetaQuotes with the time and date of the upcoming market events and global economic releases. Investors can check the currency impacted, the previous forecast, and the actual results of releases.

This can help all traders make trade decisions based on market movement and have a chance to stay up-to-date. NAGA’s social trading platform enables all traders to interact, like, comment, access news feeds, share posts, copy signals, and get exclusive market insights. NAGA is a very unique trading platform that connects traders worldwide.

NAGA User Experience – Get the ultimate user experience at the NAGA trading platform. The trading platform is easy to navigate through, so beginners can find all the educational materials beforehand and start trading in real-time.

The Social trading platform at NAGA helps anyone copy trades instantly and make revenue without prior knowledge. Additionally, the NAGA educational tools include e-books, earning and trading calculators, webinars, and their Help Centre. The Support team is multilingual and available for interactions.

Conclusion –

NAGA is a trustworthy and reliable broker that offers a plethora of trading instruments and options alongside its social trading feature. They are regulated by CySEC and have competitive fees and low spreads against popular currency pairs.

Beginner traders can increase their knowledge by interacting with experienced professionals in the trading industry. Overall, NAGA is an excellent trading platform and if you are in for the best social experience, it is the perfect choice for you.

Disclaimer – NAGA tells traders to trade responsibly due to the high risks of losing capital because of leverage. Hence it is suggested, that you understand how CFDs work before indulging in a trade.

The content on NAGA’s trading platform is created by its community members and does not contain any recommendations or advice from NAGA. Copying or replicating trades from other traders involves high risks.

Risks are inevitable when following or copying an inexperienced trader who has a different financial status than yours. A thorough assessment of the person and their legal documentation making trade decisions for you is highly recommended by NAGA.

NAGA FAQs – How secure is the NAGA trading platform?

NAGA can safeguard the personal information of all clients and users with SSL encryption on desktops and mobile devices. The broker will urge the user to find the SSL security sign on NAGA’s browser.

Can I try trading on NAGA before going in real-time?

Yes, the broker allows you to open a demo account.

What are the Withdrawal fees at NAGA?

The withdrawal fees of the broker will depend on the chosen account type. The maximum you pay to withdraw is $5 with an IRON account. The charge decreases by $1 at every higher account type and there is a $0 deposit fee.