NAGA Trading Platform Trade Real Stocks, Commodities & More

Of course, every platform has its drawbacks, and Naga is no exception. In order to open the account, you need to deposit at least $250 but for high-level accounts, such as Platinum or Crystal you will need more than that. Of course, there are numerous benefits that you will get as well. The FCA also keeps a useful list of companies that attempt to scam traders, check it out. You can manually control every aspect of this process, or autocopy. There is also a Copy Analytics Dashboard that helps top traders to monitor their stats in terms of traders that copy them, their trade stats, and their social stats.

You can open a position, short or long, in the shares of public companies and benefit from the fall or rise in their prices. Additionally, you have the right to invest in real shares of the same companies. Indices allow you to invest in instruments that reflect the performance of a particular segment or market. The purchase and sale of precious metals – silver, gold, and platinum are available for the purpose of insurance against risks.

Gold ($25,000 total deposited), Diamond ($50,000 total deposited), and Crystal ($100,000 total deposited) have significantly less spreads. You can take leverage for CFDs on the Naga platform, but not real stocks or crypto. I started trading here because of some overviews I found somewhere on the web. I still can’t get used to the Naga’s proprietary platform, it’s a bit inconvenient, but these are trifles for me.

Withdrawal Fees

After they launch their DEX, you should check the regulations in your country about cryptocurrency trading, as crypto is illegal in some jurisdictions. You should check whether CFDs are available in your country before signing up. If you create an account and claim residence in another country, you may have difficulty getting your funds off the platform, because you have to verify your payment method. Maximum and minimum trade sizes vary widely among brokers and instruments. The payment methods available to you will depend on your geographic location.

Withdrawal options at Naga are the same as deposits, including own Naga MasterCard and Bank Transfers. Naga covers all deposit fees whatever method you will use for money transfer. We found out that withdrawal options at Naga are the same as deposits, including own Naga MasterCard and Bank Transfers. For withdrawals, typically https://traderoom.info/ Naga does not waive fees or might be a little amount. You need to check with your payment provider in case there are any charges that might be applicable due to international transfer laws. Moreover, the withdrawal fee of the NAGA Bronze account is $4, which is lower than the withdrawal fee of other brokers.

You can also reach out to them via their live chat support on their homepage or via electronic mail (e-mail). In this article, we will focus on brokers that offer CFD trading, as it is a high risk instrument. You trust Naga with your money, so it is crucial to know, if it is regulated by a trusted authority, and what level of protection you can expect when trading CFDs. Not only do they provide traditional resources like books, videos, and webinars, but also you can follow top traders who post market insights and strategies every day in their feed.

Copy Trading at NAGATry now →

In our expert opinion, there are not so many Cons for Naga, just as no 24/7 support, trading limitations in some areas, overnight charges, and also carrying one regulatory license. On 27 Jun 2022 I traded the ethusd pair, but at 16.40 System was opened repeatly 5 orders buy NAS100 without my order and auto trade . The NAGA price alert is a handy tool that allows you to set price alerts for your trading instruments.

• Furthermore, forex traders get a wide range of advanced trading features with NAGA, including market analysis, an economic calendar, and a live news feed.
• Fees and spreads are comparatively low compared to other brokers.
• For this reason they store any documents you provide them for 5 years to comply with CySEC standards.
• You can copy any of these top 10 performing NAGA traders at any time you wish.

The minimum total deposit amount is $250 and the minimum withdrawal amount is $50. All withdrawals are subject to a fee of $10 or currency equivalent. One of the most amazing features that NAGA Autocopy presents to its active traders is the possibility to become a strategy provider yourself and let others copy your trades. NAGA will reward you with a bonus every time your trade gets copied on its platform. The broker promises to pay up to 100,000 euro fixed monthly payouts in real cash based on how many copies your trades will be getting.

What are the withdrawal methods at NAGA?

As mentioned above, NAGA Markets Europe Ltd is a popular forex trading platform regulated by CySEC. In addition, NAGA Group AG is also a publicly-traded company which adds to the broker’s safety. In addition, the minimum withdrawal amount is $50, and the maximum withdrawal limit is not mentioned. NAGA also offers a variety of payment methods, including credit/debit cards, bank naga broker wire transfers, and e-wallets such as PayPal, Skrill, and Neteller. NAGA Auto Copy allows the clients to take advantage of expert traders’ knowledge and experience and automatically copy the selected trades. The followers can simply filter the expert traders according to their win ratio, profit chart, average return on investment (ROI), or any other data from their profile.

The customer support team is available 24/5 and is always willing to help with any questions or concerns. NAGA broker is a popular forex trading platform that was founded in 2015. NAGA broker offers a variety of tradable instruments, including CFDs on crypto, forex, commodities, ETFs, indices, stocks, and futures. The platform also provides a demo account and 24/5 customer support. NAGA broker is a publicly-traded company and offers a variety of base currencies.

What is the maximum leverage at NAGA?

You will be asked to provide your passport or national drivers license and a utilities bill. Naga is regulated by the Cyprus financial regulatory authority, CySEC. For this reason they store any documents you provide them for 5 years to comply with CySEC standards. However CFDs are in general complicated instruments, with many trading options such as trading with leverage, buy and sell positions, and stop loss orders. While Naga makes it more intuitive, it is still difficult for the uninitiated to dive in.

It is an essential feature as it ensures that traders do not lose more money than they have deposited into their accounts. The NAGA platform has implemented modern security measures like SSL encryption that ensures the safety of traders’ personal and financial information. In addition, NAGA also has a segregated account policy that keeps traders’ funds safe in case of bankruptcy. The benefit of this feature is that traders’ funds are not used for other purposes but only for trading.

The future looks bright as Naga stock was up in 2021, and the Nagacoin saw some price action for the first time since being crushed in the 2018 crypto crash. Currently, the platform is mostly a broker app which is focused on CFDs, and an alternative payments app with limited functionality. The main draw of the platform is the money traders can make when other traders copy their strategies, up to $150,000 a year. We’re glad to hear that you have been seeing positive results despite facing challenging situations. Remember that investing always carries some level of risk, but we’re committed to providing you with the best tools and resources to help you make informed decisions.

But Naga is considered reliable as it is regulated by the CySEC in Cyprus. We’ve put together the aspects that make a broker legitimate, so you can judge whether you consider Naga legit. The broker’s reliability is also underpinned by offering investor protection up to €20,000 under CySEC. They will also release the crypto wallet feature in Naga Pay in 2022.

However, the spreads are usually higher for other instruments, like commodities and cryptocurrency. Let’s take a look at a few spreads of some instruments traded on the Naga broker platform. If a company does not have friendly and comprehensive customer support it is difficult to talk about the legitimacy and fairness of the brand. In that regard, we can point out that the NAGA.com Forex broker is definitely exceptional, as the latter can be contacted through live chat, email and phone number. Numerous languages are supported but most of the time, clients get answers to their questions in English. Now the NAGA broker offers training at its academy, maintains a blog, publishes an economic calendar, and conducts webinars.

Traders get the MT4/MT5 trading platforms for algorithmic portfolio management. It also developed a popular mobile app and payment solution, issued its cryptocurrency coin, and remains financially backed by well-known investors. NAGA also launched its NAGAx crypto exchange and features quality education. The account provides standard spreads, and no commission is charged on trades. In addition, the account offers a copy bonus of up to $0.12 per copied trade.

During the daytime, chat operators respond promptly and try to answer all questions. We found out that while trading with Naga the fees start from $1 USD, spreads from 0.9 pips to 1.7 pips, and commission-free trading depending on the account traders select. Therefore, you definitely get very competitive pricing, while the Naga spread is considered to be among the industry’s lowest spreads. However and since Naga is a European broker, the company offering fully complies with ESMA restrictions, therefore, falls under recent updates to use lower leverage levels. So together with numerous performance standards and high reliability as a public company, NAGA also complies with its trading service with necessary requirements set by MiFID. As such, traders’ funds are always segregated from the company and are covered by a compensation scheme in case of brokers’ insolvency.

For two months I exceeded my depo, despite I was in very challenging situations. The quickest and easiest way to contact customer support is through live chat, which is available 24/6. Deposits and withdrawals on the broker’s website are highly secured and NAGA.com makes sure that every customer gets the best possible experience.

Especially for forex traders, NAGA offers a great selection of trading platforms and account types. Naga is a reliable and well-regulated broker famous for Forex and CFD trading. Naga is a broker with a great range of trading instruments and a very competitive social trading environment. For the Pros, we found that the broker offers advanced trading platforms MT4/MT5.

Also, keep in mind that you will incur swap fees on any of the above instruments when you hold your positions longer than 24 hours. Since Naga is under CySEC’s regulation, this forex broker is subjected to strict trading rules and regulations. Interestingly, it also has separate accounts for clients’ funds in reputable EU-based banks. As such, users’ funds are safe and cannot be used by the broker company for operational costs.

These are cryptocurrencies, ETFs, stocks, metals, indices, commodities, Forex instruments. Investing in various assets and derivatives can be carried out while in a single account. These are robot advisors CYBO, Auto-Copy, NAGAPortfolios, as well as 2% interest CFDs. NAGA.com FX broker is a completely legit brokerage company that has a license from CySEC – Cyprus Exchange and Securities Commission. There is also the proof of the license at the bottom of the main website and you can also find additional documents.