Naga Broker: Transform Your Trading Experience with Enhanced Tools

Naga Broker: Transform Your Trading Experience with Enhanced Tools title=

This Trading Platform is available in Ukraine

4.3/5

Naga has evolved from its origins as a social trading startup to become one of the leading global brokerage platforms.

This review will provide a comprehensive examination of this forex broker, highlighting its key features and offering an unbiased perspective to help you make an informed decision.

Min. deposit
250$
Website address
Demo account
Yes
Currency
EURGBPPLNUSD
Supported languages
EngFreGerItaPolSpa
Active
Yes
Bonus
50% bonus on deposit of above $50
Regulated By
CySECFCA
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
Yes
DMA Account
Yes
MAM Account
Yes
PAMM Account
Yes
LAMM Account
Yes
Demat Account
Yes
Mobile Apps
Available on Android and iOS
Margin Trading
Yes
Volatility Index
Yes
Spot Trading
Yes
Perpetual Swaps
Yes
ELWs
Yes
REITs
Yes
AI / Machine Learning
Yes
Robo Advisor
Yes
P2P Trading
Yes
Negative Balance Protection
Yes
VPS Hosting
Yes
Tournaments
Yes
Demo Competitions
Yes
Managed Accounts
Yes
Market Maker
Yes
Auto Trading
Yes
Social Trading
Yes
Copy Trading
Yes
Trade Signals
No
Islamic Account
Yes
Guaranteed Stop Loss
Yes
Forex GBPUSD Spread
N/A
Forex EURUSD Spread
N/A
Crypto Lending
Yes
Crypto Staking
Yes
Crypto Mining
Yes
Crypto Auto Market Maker
Yes
Ladder Options
Yes
Boundary Options
Yes
Show all >>

* The amount that will be credited to the account in the case of a successful deal

* General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4.3,
according to 4410 reviews

4.5 Stars
Kieran Thornton
Kieran Thornton
stars
gb
I managed to learn more about risk management and technical analysis thanks to the educational resources provided for free. Thank you! This is really helpful for those who still have to learn.

View all

Jay Welsh
Jay Welsh
stars
gb
Standard spreads look good to me. Take EURUSD, for instance, where the spread is close to 1 pip. That’s not bad at all, since even Iron accounts benefit from that. This broker takes the prize.

View all

Pop Marley
Pop Marley
stars
nl
Hi. Few days ago i signed up for NAGA. So i verified my account and all the documents and i got approved, when i try to copy trade or trade it says i have to verify my account, although its already verified. I need help.

View all

mostafa asal
mostafa asal
stars
sa
Till now everything seems to be good I deposited 1000$ initial investment I doubled it in 2 days , and lost half of it in one second. for the trading itself , the mobile app isn't reliable, you've to use mt5 app. the web version is okey, I make my trading on the web version. If you want to withdraw your money, you've to fully verify your account, including the proof of address. I managed to withdraw my profits which is less than my initial investment , I will update my review again soon. UPDATE: I managed to withdraw my profits and my initial investment a couple of times, the only annoying thing is the withdrawal process takes from 24h to 48h I think they manually transfer the money, I'm using my binance wallet to send and receive.

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Glenn McAfee
Glenn McAfee
stars
gb
A diverse trading offer, overall. But some of the accounts like Diamond and Crystal seem out of reach for most traders. I personally use Bronze and it’s fine for now. I receive several trading signals each day.

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Rylan Porter
Rylan Porter
stars
gb
Pretty affordable brokerage since it takes just 10$ to get started with an Iron account. I appreciate that because it meant I was able to test the platform without putting a lot of capital on the table. That’s how they gained my trust.

View all

Content

Homepage of Naga broker

Homepage of NAGA broker

Summary of NAGA Forex Broker

NAGA, a German fintech company founded in 2015 by Benjamin Bilski and Yasin Qureshi, has made a significant impact on the investment world with its top-tier social trading ecosystem and user-friendly interface.

Its partnerships with major financial entities and regulatory licensing from the Cyprus Securities and Exchange Commission (CySEC) have helped expand its user base, attracting both novice and experienced traders.

Today, NAGA has evolved from its origins as a social trading startup to become one of the leading global brokerage platforms.

NAGA earns a Trading.Biz evaluation score of 6, based on a detailed review of multiple factors.

This review will provide a comprehensive examination of this forex broker, highlighting its key features. This unbiased rundown will help you determine if this is the most suitable trading platform for you.

Further reading

Pros and Cons

Pros

Cons

Modern and user-friendly trading platform High spreads on standard accounts
Comprehensive range of trading assets No trading bonuses
Social trading feature Doesn’t provide cent accounts
Regulated by top authorities No zero-fee withdrawal options
Offers competitive fees against major currency pairs

Further reading

Evaluating High Impact Factors

Factors  Average Score: 6
User Satisfaction 5/10
Regulation 7/10
Educational Content 7/10
Webinars 6/10
Spreads and Commissions 6/10
Customer Support 5/10

Further reading

Trade with NAGA Broker If:

  • You want to make passive income through social trading
  • You want the peace of mind that comes from trading with a highly regulated broker
  • You want a broker with multiple trading assets (NAGA has over 950)

Further reading

Don’t Trade with NAGA Broker If:

  • You want a broker that provides trading bonuses and incentives
  • You’d rather avoid a broker with high spreads

Further reading

Verified Office Address

 Verified Office of Naga broker

Verified Office of NAGA broker

The Trading.biz team has verified that NAGA Broker is headquartered at:

  • CT House, Office 9A, 2nd Floor, Providence, Mahe, Seychelles

Further reading

Regulation and Security

Regulation and Security of Naga broker

Regulation and Security of NAGA broker

Regulation

Trading with a regulated broker is something I value. So, it was one of the first things I checked when I looked into NAGA.

I was relieved to discover that it is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring adherence to financial regulations.

Security

NAGA employs robust cybersecurity measures to protect users, including:

  • Secure Socket Layer (SSL) encryption to safeguard its trading platforms
  • Two-factor authentication (2FA) to secure logins
  • Segregated client funds to prevent them from being mismanaged by the company

The broker also offers educational materials to teach its users about security best practices.

Further reading

Expert Opinions on NAGA Broker

Expert Opinion on Naga Broker

SA Shares Review of Naga

SA Shares Review of NAGA

SA Shares praised NAGA’s regulatory status and trading features like social trading, low spread, and competitive trading fees.

 

Mr Money TV Review of NAGA

Mr Money TV also highlighted NAGA’s copy trading feature, outlining its importance in forex trading.

Further reading

Expert Review of NAGA Broker

NAGA offers a range of features tailored for rookie traders, including social trading and a proprietary messenger.

Unfortunately, their customer support was not responsive when I encountered technical issues with the platform. That’s something to consider before signing up.

And while I was disappointed by the lack of bonuses, there were other investment opportunities that could allow users to earn passive income.

Further reading

Signing Up with NAGA

Sign-up process of the Naga broker

Sign-up process of the NAGA broker

The signup process for NAGA is simple:

  • Go to the official website
  • Fill in your email
  • Create your password
  • Select your country
  • Agree to the terms
  • Click “Sign up”

Verification process of Naga broker

Verification process on NAGA broker

After signing up for NAGA broker, I still had to verify my account. That was fairly simple as well. Here’s how you can go about it:

  • Log into your NAGA account
  • Fill in your details
  • Provide a proof of identity document
  • Provide a proof of address
  • Follow up on the process

Further reading

NAGA Broker Dashboard

Dashboard of Naga broker

Dashboard on NAGA

I was pretty impressed by the NAGA broker dashboard. It has a welcoming interface with colorful text and icons. I had zero problems navigating the interface and found it very user-friendly.

From the dashboard, I could view the top leaders, which is handy information on a social trading platform. Underneath, I had access to several features, including:

  • Manage Funds
  • Copy Trading
  • The NAGA Academy
  • Trading Contests
  • Trading Signals
  • Market Buzz
  • Economic Calendar

Further reading

Deposits and Withdrawals on NAGA Broker

Deposits

Depositing funds on Naga broker

Depositing funds on NAGA broker

Funding an account with NAGA is both quick and efficient, allowing you to access the forex market without delay.

The platform caters to an international clientele by offering multiple currency options, allowing traders to deposit funds in their preferred currency to avoid conversion fees and related issues. Additionally, NAGA periodically offers bonuses to incentivize account funding

NAGA supports a wide range of deposit methods, including:

  • Bank Wire Transfer: May incur a fee and takes a few business days to process
  • E-Wallets: Supports different currencies, with varied fees and near-instant payment processing
  • Credit and Debit Cards: Low fees and instant processing, but also subject to minimum and maximum deposit amounts
  • Local Payment Methods: Fees and processing time vary
  • Cryptocurrencies: Network charges may apply and processing time will depend on the network (varies from instant to several hours)

Withdrawals

Withdrawing funds from your NAGA account is simple and user-friendly. Payments are typically process within 24 business hours, ensuring an efficient experience for users. Withdrawals are secured using verification and two-factor authentication.

NAGA imposes a $50 withdrawal minimum, with limits varying depending on location and account type.

There is also a $5 withdrawal fee across the board.

Withdrawals can be completed using the following payment methods:

  • Bank Wire Transfer: Can take a few business days to process and attract fees
  • E-Wallets: Usually processed within 24 hours
  • Credit and Debit Cards: Processing takes 3 to 5 business days
  • Cryptocurrencies: Only available in some regions, and the volatility of crypto prices can influence the actual amount you receive

Further reading

Trading Conditions on NAGA Broker

Trading Conditions on Naga broker

Trading Conditions on NAGA

NAGA offers a thorough set of trading conditions that cater to traders’ various needs and preferences:

  • Multiple trading platforms (MT4, MT5, web app, Android app, and iOS app)
  • Six account types (Iron, Bronze, Silver, Gold, Diamond, and Crystal)
  • Account currencies in USD, EUR, GBP, and PLN
  • Leverage of up to 1:30
  • Spreads from 0.7 pips (EUR/USD)
  • Trading tools like NAGA Autocopy for copy trading and price alerts
  • Access to over 1,000 financial instruments.
  • Customer support in several languages and through multiple platforms
  • Educational resources like daily webinars, video tutorials, and trading guides

Account types of Naga broker

Account types available on NAGA

NAGA offers a demo account for practice and one standard account with six varying levels: Iron, Bronze, Silver, Gold, Diamond, and Crystal. Each has different features, meaning users can select the trading account that best caters to their preferences.

Here’s a breakdown of the features for each account type:

Features Iron Bronze Silver Gold Diamond Crystal
Minimum Deposit $250 $2,500 $5,000 $25,000 $50,000 $100,000
Spread Standard Spreads (e.g. 1.7 on EURUSD) Standard Spreads (e.g. 1.7 on EURUSD) Silver Spreads (e.g., 1.2 on EURUSD) Gold Spreads (e.g., 0.9 on EURUSD) DiamondSpreads (e.g. 0.7 on EURUSD) VIP Spreads (e.g 0.7 on EURUSD)
Copy Premium All Instruments Earn $0.12 per copied trade Earn $0.15 per copied trade Earn $0.18 per copied trade Earn $0.22 per copied trade Earn $0.27 per copied trade Earn $0.32 per copied trade
Copy Premium FX Pairs Earn $0.50 per copied trade Earn $0.60 per copied trade Earn $0.70 per copied trade Earn $0.80 per copied trade Earn $1.00 per copied trade Earn $1.20 per copied trade
Copy Premium Popular Assets Earn $0.50 per copied trade Earn $0.60 per copied trade Earn $0.70 per copied trade Earn $0.80 per copied trade Earn $1.00 per copied trade Earn $1.20 per copied trade
Withdrawal Fees $5 $4 $3 $2 $1 $0
Signals/

Research

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 5 Unlimited Trading Signals
Webinars Access to Webinars Access to Webinars Access to Webinars Access to Webinars Access to Webinars Access to Webinars
E-books Yes Yes Yes Premium E-books Premium E-books Premium E-books
Trade Alerts Yes Yes Yes Yes Yes Yes
PI Dashboard Yes Yes Yes Yes Yes
One on One Tutoring One time 2 per month 4 per month
Access to Premium Contests Yes Yes Yes
NAGA Profile Awareness Boost Yes Yes Yes

Further reading

How to Start Trading with NAGA Broker

How to start trading on Naga broker

How to start trading on NAGA broker

Start by visiting the website, registering, and verifying your identity. Next, select the account type that suits your needs and deposit funds for trading.

After setting up your account, install a trading terminal, such as MT4 or MT5. I chose the desktop version of MT5 because it offers the most comprehensive trading features.

It’s also advisable to deepen your understanding using educational resources like webinars and tutorials. Research and analyze the market thoroughly before placing trades, and monitor your trades consistently.

Further reading

Useful Tools for Traders on NAGA Broker

Useful tools for traders by Naga broker

Useful tools for traders by NAGA broker 

NAGA provides traders with tools to help them navigate the financial markets. These include:

  • NAGA Pay: A feature that comprises a VISA debit card, an IBAN account, copy trading functionalities, and crypto-wallets to help users manage their finances from the app
  • Price Alerts: Up-to-date notifiations on noteworthy price movements in the market
  • Trading Calculators: Calculate your trading position and better plan your trades
  • Economic Calendars: Stay abreast of upcoming global events that could influence financial markets

Further reading

Investing Opportunities with NAGA

navigating the financial markets effectively

With NAGA Autocopy, I could automatically copy more experienced traders in real-time. That meant I could earn without actively monitoring the markets or making moves.

Using this feature, you can replicate eligible trades by lead traders. It’s stress-free investing and just as easy as it sounds.

NAGA Affiliate Program

Affiliate Program on Naga broker

Affiliate Program on NAGA broker

The NAGA Partners program offers numerous benefits to affiliates, including personalized support, competitive lot rebates, weekly payouts in fiat and crypto, and customized lifetime commissions.

It also includes various referral schemes for services like NAGA Pay and its social investing platform to maximize flexibility.

Conclusion

NAGA stands out as a top-tier multi-asset brokerage. It has a well-earned reputation for its user-friendliness, extensive educational resources, and sophisticated trading tools.

Since its inception in 2015, the brokerage has demonstrated continuous innovation and proven its excellence, time and time again.

I found the platform to have the right mix of advanced features and intuitive design. As a trusted entity in the forex trading ecosystem, NAGA continues to set industry standards for the future.

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