As a trading platform, Naga invites users to deposit cash and withdraw their earnings at any time. Here’s an overview of its deposit and withdrawal fees and methods. As a broker, Naga provides several platform choices to choose from so you can trade and invest in different instruments at your convenience. You can access Naga crypto and stocks through MetaTrader mobile applications (MT4/MT5), available for smartphones and PCs. The broker offers over 900 trading instruments for trading to customers.

If other customers will copy your trades, you will receive a bonus. Depending on the type of account you are using, the commission percentage could vary. NAGA.com broker has been translated into 10 languages, however, its main feature is the social trading platform. A huge number of different trading instruments complicates navigation and suggests the need for several large monitors to optimize the trader’s workplace. In addition, NAGA offers 1000+ tradable instruments, including over 50 forex pairs.

They do not share or sell users’ personal information, unless requested by a financial regulatory authority. Notably, Naga recently chose to close all UK based accounts, starting December 17, 2021. They will no longer take UK based customers, who were more than 20% of their user base. Non-crypto payment methods must be verified before you can make withdrawals using them.

For example, stock trading is absent from additional charges, which is a massive advantage for the broker. Both the deposit and withdrawal at NAGA are protected with SSL encryption, ensuring your funds’ safety and security. Overall, NAGA is a well-regulated and secure broker with various deposit and withdrawal methods. The overnight fee is deducted from the trader’s account balance when a position is kept open after market hours.

Naga broker somehow managed to grow from an ordinary brokerage company to the one that is listed on the FSE. Decent customer support is a must for Forex brokers and that goes without a question. In addition to English, customers can get technical support in other languages. The customer of the company can contact the support service in the online chat, by phone, or by mail. The broker’s website states that technical support works around the clock, five days a week.

They also provide customizable charts and a trading calculator. Traders can make posts about their strategy and the market on their feed within the social part of the platform to market themselves to traders who copy. Staying active on Naga Feed is very important for top traders.

Discover Tradable Assets at NAGA

Our expert team here at BrokerChooser specializes in helping you find a broker that best suits your needs. We have reviewed over a 100 brokers based on BrokerChooser’s unique methodology. The UK’s Financial Conduct Authority (FCA) is widely considered as being one of the top-tier regulators in the brokerage world. Brokers and other financial service providers overseen by the FCA are held to a high standard of conduct and must comply with strict regulations. This could provide extra layers of safety and protection for you.

• The NAGA Web App users can enjoy free daily news and trading signals with the latest market updates directly into NAGA Feed.
• Create an account with your legal first and last name, a username, password, and your email address.
• Therefore, traders can choose the currency that suits their needs.

In 2017 they released their own cryptocurrency Nagacoin (NGC) in an ICO, unfortunately just before the 2018 crypto market crash. At that time the platform was a Switex and Naga AG joint venture called Naga Virtual, which posted its last tweet in 2018 before being abandoned. Contis by Solaris and NAGA Pay are launching a VISA-approved card program that enables users to spend both fiat and cryptocurrency. Copy trading represents 55% of overall trades whilst 2023 customer deposits care up by 50% as compared to 2022. NAGA emerged as one of the most competitive platforms, catering to algorithmic and social traders alike, especially equity CFD traders.

NAGA broker offers a wide range of trading platforms, including MT4 and MT5, and also has a proprietary web trader. The NAGA platform is available for desktop as well as mobile applications. In addition, NAGA also offers a demo account so traders can test the platform before committing to a live account.

EToro has more than twice as many equity CFDs as NAGA and provides in-house managed thematic portfolios. NAGA offers higher leverage in its non-EU entity and maintains a better cryptocurrency coverage, and both also feature direct share dealing for long-term investors. naga broker The minimum deposit required to open a NAGA Silver account is $5000. The account offers standard spreads of 1.2 spreads, and no commission is charged on trades. In addition, the account provides a copy trade earning of up to $0.18 per copied trade.

How to Buy and Sell Cryptocurrency on Naga

The intermediary offers its clients to make investments in the world financial markets. NAGA is the ideal option for a trouble-free and secure trading experience. Both brokers offer traders a balanced asset selection with sufficient trading instruments for most retail traders.

Furthermore, https://traderoom.info/ keeps all of its clients’ funds on segregated accounts, as well as per regulatory requirements. NAGA also supports Negative Balance Protection for all traders registered on the broker’s platforms. This brokerage firm provides traders access to over 700 instruments on its platform and allows them to make profits by buying and selling positions.

The website is protected from illegal interference and hacker attacks. First of all, if there are complications and legal issues there is always someone to whom the customer can appeal. In this case, CySEC is the entity that can help customers resolve their issues connected to the account or any other case. Clients can contact their account manager via email, phone, or live chat to communicate with inquiries. NAGA offers multiple deposit methods such as credit/debit cards, bank wire transfers, and e-wallets.

Our website’s information is not intended for distribution in countries where it violates local laws or regulations. This broker does not provide trading services to traders from several countries. They include the United States, Canada, the United Kingdom, Belgium, Australia, Burkina Faso, and Mexico, to name a few. You can navigate to the bottom page of Naga’s homepage to check the list of countries restricted from accessing its trading services. In addition, when using the Naga social trading platform, the spreads, and fees between the master and copy accounts are done automatically.

NAGA IS A FRAUD.

Provide and verify your mobile number with the SMS code they send you. Create an account with your legal first and last name, a username, password, and your email address. At this point you have a demo (test) account, which you can use to trade virtual money, but not with the copy trader function. They use multifactor authentication, firewalls, backed up cloud storage of your account information, and advanced encryption to protect your data and funds. They also have a dedicated IT security team which actively works to detect and patch any security weaknesses.

The Bronze account also provides a PI Dashboard which helps analyze your trading performance. However, the withdrawals come with fees that start at 5 USD/GBP/EUR or equivalent but can be reduced according to the account types. With the Crystal, account-type traders can enjoy unlimited withdrawals with no additional charge whatsoever. Apart from these fees, the traders at NAGA need to pay copy commissions as well. The amount can go up to 10 EUR or equivalent with a fixed copy fee of 0.99 euros.

The Diamond account is the highest account type offered by NAGA, with a minimum deposit of $50000. The account offers spreads as low as 0.7 pips, and no commission is charged on trades. In addition, the account offers a copy bonus of up to $0.27 per copied trade. The Silver account holders need to deposit at least 5,000 USD.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. NAGA is not a con but is a regulated broker within the European Union. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

NAGA offers investors a range of financial instruments, including foreign exchange, stocks, indices, commodities, ETFs, and futures. The Crystal account also offers a PI Dashboard, and you get unlimited signals with this account type. You also get access to premium eBooks with this NAGA account type. The Diamond account also offers a PI Dashboard, and you get 20 daily signals with this account type. In addition, some popular minor currencies available at NAGA are EUR/GBP, EUR/AUD, GBP/JPY, CHF/JPY, NZD/JPY, and GBP/CAD. Furthermore, forex traders get a wide range of advanced trading features with NAGA, including market analysis, an economic calendar, and a live news feed.

It is a good idea for rookie traders to first start exploring all features of the demo account before moving to live trading. NAGA positions itself as a social network, the investment platform of which allows traders of all levels to invest in various financial markets and cryptocurrencies. With the multi-asset investing app, traders can invest in digital currencies and send money using their own personal NAGA card and payments account. NAGA provides customers with three trading platforms, including the traditional MT5 and MT4, as well as the trader’s self-developed NAGA Web application. The Silver account also provides a PI Dashboard which helps analyze your trading performance.

However, it is restricted to traders in the United States, the United Kingdom, and Canada. To make sure you are protected, you need to know if you have signed up with the broker’s entity that is covered by the FCA. Different countries or regions set different rules for financial service providers, so brokers sometimes have different entities in different countries or regions. Once you create and upgrade your account you can buy, sell, send, and receive crypto in the platform under the crypto-wallet tab. Only 9 major coins are supported, and you cannot trade crypto for other crypto at this time.

NAGA also has a strict anti-laundering policy requiring all traders to verify their identity before depositing or withdrawing. This verification process includes providing documents such as a copy of your passport or ID, proof of address, and proof of income. Open and close trades on your own or simply autocopy other traders. Naga has unique strengths worth considering when searching for the best forex broker. As for the VIP program, the type of accounts that we have already mentioned above is somewhat connected to this system. As soon as you progress into the next levels, you will be eligible for new accounts.

We don’t offer financial or investment advisory services, and our website does not suggest or motivate visitors to invest money. Please note that Forex and CFD trading involves high risks, and 75-89% of customers lose their funds. BrokerNear is not a broker and doesn’t receive any money for trading.

Of greatest interest is the NAGA trader platform with a huge number of different social trading functions and a social network. Based on our Expert research, we learned that Naga offers low spreads for all traders despite trading account size, so any investor will get better trading conditions. The typical spread for EUR/USD is 1.2 pips, which is considered a good spread among the industry offers. As for other instruments, there could be commission charges for some assets which you will find directly from the platform. Naga offers several ways of financial investments through either manual or automated investing, social trading opportunities, trading of over 800 instruments, etc.

Actually, Naga Markets is a publicly listed FinTech company in Frankfurt backed by Multibillion fund FOSUN, which provides transparency over trading processes. Based on our Expert findings, Naga is considered a reputable broker with safe and quality trading conditions. The broker offers reliable services and very favorable trading conditions, also with the lowest spreads, suitable for both beginners and experienced traders. The NAGA broker (NAGA Group) has been providing services in the Forex currency market since 2015. NAGA is a member of a German financial holding company NAGA Group AG, that is in demand on the Frankfurt Stock Exchange.