NAGA Broker Review – Online Platforms, Commission, Leverage, Account Types, Features & more
Take a look at this article to understand better about NAGA Forex Broker, one of the best Forex brokers in the world.
We’ll guide you through every feature, offer, the services, including the online platforms, account types, and many more, through our review because we know how the smallest of details matter when it comes to putting your trust in a broker.
About NAGA Forex Broker
|Founder / CEO||Benjamin Bilski|
NAGA was founded in 2015 by Benjamin Bilski and since then, it has emerged as one of the best Forex broking and one of the most secure social trading platforms in the world.
The success story is further approved by their 500k+ customers.
It’s a publicly-traded firm, debuting on Frankfurt Stock Exchange in 2017, headquartered in Cyprus.
The brand is regulated by CySEC.
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NAGA Trading Platform & App
NAGA Forex traders offer trading on their traditional web portal known as ‘NAGA Web’ as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most advanced & industry-leading platforms.
Apart from that, NAGA App is also available to download on every Android and Apple device and supports web browsing on mobile devices.
Furthermore, you can access the dedicated platforms from your Windows and Mac not to mention the portal is supported on the browser too.
The trading platform supports all major languages such as English, German, Italian, Portuguese, Polish, Czech, Chinese, Malay, Vietnamese, Arabic, and the list goes on.
|Trading Platform||MT4, MT5, NAGA Web|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||English, German, Italian, Portuguese, Polish, Czech, Malay, Chinese, Vietnamese, Arabic, and more.|
Additionally, you can widely access the features such as Real-time updates of Stocks, Forex, Global Indices, Cryptocurrency as well as your respective portfolio details.
The interactive charts, Live Market Reports, Research report in addition to the personal investment advisory will definitely help you in your investing and trading process.
Alternatively, there is Multi-Account Management and support available in case you want to make multiple accounts to trade financial instruments and derivatives separately.
Check out Mobile Apps of more Forex Brokers
NAGA Commission and Brokerage Fees
The best part about choosing NAGA Forex Broker Trader as your broker as they don’t charge any commissions on trade!
There are no hidden charges or any type of joining fee. This is the best you can get when starting as a beginner in trading when you have to see the pricing and meet your budgetary requirements.
There are no fixed spread costs associated with NAGA Forex Broker.
NAGA Forex Broker Traders offer variable spreads which are usually lower than the fixed ones furthermore the spreads are low on major currencies.
They constantly update their spreads to provide clients more lucrative conditions while the real-time pricing chart is also provided
With NAGA Forex Broker, you can open an account digitally within minutes and for FREE.
|Commission on trades||No|
NAGA Forex Broker Leverage
NAGA Forex Broker is a European broker, can only offer a maximum leverage of 30:1 as it is a regulation by European Securities and Market Authority (ESMA).
Although, if one confirms their professional status, higher numbers can be achieved as professionals. The leverage coefficient can go up to 1000:1for International Traders
This is one of the major reasons why traders are attracted to NAGA Forex Broker because the leverage is one of the highest in leading forex brokers.
A ratio of 1000:1 for international traders means that even if you have opened your account for say $100, you have the approval to trade with $100,000!
Payment Methods provided by NAGA Forex Broker
NAGA Forex Broker Forex traders offer various payment methods ranging from credit cards, debit cards from payment services companies such as Visa, Mastercard, and Maestro.
|Deposit||Visa, Mastercard, Maetro, Skrill, Neteller, SOFORT, GiroPay, EPS, iDEAL, Przelewy, Trustly, BankWire|
|Withdraw||Visa, Mastercard, Maetro, Skrill, Neteller, SOFORT, GiroPay, EPS, iDEAL, Przelewy, Trustly, BankWire|
The payment can also be made through local payment solutions as well.
Additionally, NAGA Traders offers E-payment services through wallet providers like Skrill, Neteller, SOFORT, GiroPay, EPS, iDEAL, Przelewy, Trustly, BankWire,
All the payments are secured from their respective partners and all the payments are commission-free. The bank transfers are also free for all major currencies.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by NAGA
The clients get a plethora of options to trade with NAGA Forex Broker as it provides multiple options in financial instruments with a wide range of asset classes (more than 100) for trading.
Be it foreign currencies, valuable commodities like metals, oils, NAGA Forex Broker provides trading opportunities with them.
NAGA Forex Broker provides other trading options such as various indices, Cryptocurrencies such as Bitcoin, Etherium, etc. alternatively stocks as well.
They have a range of ETFs for trading and you can also invest in Futures trading.
|Supported Cryptocoins||bitcoin, ethereum, litecoin, ripple|
|Total Tradable Assets||100|
|Number Of Currency Pairs||20|
|Number Of Cryptocurrencies||20|
|Number Of Stocks||18|
|Number Of Indices||15|
|Number Of Commodities||22|
|Number Of Futures||21|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of Etfs||15|
NAGA Virtual Trading or Demo Account
NAGA Forex Broker provides a free demo account with virtual funds of 2500 Euros.
The demo account does not come with a time limit that means you can use it for as long as you want.
Just because it’s a virtual account doesn’t mean that it’ll be lacking features. You can do everything with this demo account that you will do with your real trading account.
With the NAGA Forex Broker Demo account you’ll be able to:
- Use the copy trading tool to replicate the actions of top traders from NAGA Forex Broker.
- Trade-in all available markets such as Forex, Indices. ETFs, Cryptocurrency, Commodities, etc.
- Able to use NAGA Forex Broker protector to manage all your risks.
- Able to use trade duplication parameters.
- Use the tools provided by NAGA Forex Broker to trade better.
NAGA Offers or Deals
Among the numerous trading benefits, NAGA Forex Broker also provides some other benefits such as FREE learning courses which will help you learn the nuances of the market and how this chain works.
With this, you can increase your trading knowledge and put it into use.
In addition to that, as we already mentioned in the review that they also provide a demo account for free.
Apart from that, NAGA Forex Broker also takes care of your financing limitations and offers various discounts on brokerage.
There are also fixed brokerage plans which are curated for different customer needs with the main objective to reduce the extra charges.
There’s also a referral program with which you can earn $25 for each friend that you recommend to NAGA Forex Broker’s social trading platform. This cash bonus is directly added to your wallet.
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
NAGA Regulation or Licensing
The NAGA Forex Trading platform is regulated by The Cyprus Securities Exchange Commission, known as CySEC, which is the regulatory body for the financial industry.
CySEC ensures investor protection and the development of the securities market.
CySEC is one of the major and most reputable financial regulatory agencies in Europe.
NAGA is a voluntarily CySEC regulated broker, the demands imposed by this major European regulatory body are in line with NAGA’s commitment, providing our clients with complete transparency, and a secure and reliable trading environment.
This is done by keeping the capital of clients in high-profile banks in segregated accounts, maintaining the capital adequacy requirements at all times, submitting financial statements to CySEC, and adhering to all new regulations enforced by the CySEC.
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
NAGA Broker Features
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
|Interest On Margin||Yes|
|Other Trading Features||Yes|
Without any doubt, NAGA as an online trading platform is rising as the best option. What makes it different from others would be the worthy features it provides.
Among the many, the Social Trading/Copy-Trading feature helps traders short of time. You can set your account to copy other managers’ trading steps automatically.
Through a variety of educational tools, NAGA Traders helps you to learn the basics of trading easy for you to get immediately ready.
The list of distinctly notable features goes on. In addition to the charting tools and a wide range of indicators with good performance, the fully automated trade execution is a bonus a novice trader gets alongside.
Traders can execute large orders in a hassle-free way.
NAGA Account Types
Take a look at the types of accounts NAGA is offering:
|Account Type||Demo account||Standard account||STP account||Islamic account|
At NAGA, you can find and choose an account type based on your requirements and abilities. Apart from the DEMO account, you can choose a beginner’s account as well.
If you have institutional needs then an Institutional account type option is available for you which would benefit everyone who is a part of your institution.
It won’t be wrong to say that NAGA Traders satisfies every trading style of a trader.
NAGA Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||NDD|
|Min Deposit||$ 250|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
NAGA – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
Apart from the features and offers, the amazing UI benefits make NAGA a user-friendly and hence the most suitable trading platform for today’s world.
The different types of account options based on the trading proficiency of the individual trader, the study material, easy to understand quick videos to get the traders ready to dive into the real-world trading market, all of these are additional benefits that are available on NAGA.
The investors get instant trade execution and profitable leverage margins. The loyalty schemes and offers are add-on perks that this trading firm provides.
NAGA Cons or Drawbacks
The benefits are appealing, but at the same time, from a competitive point of view, NAGA’s study material might come off as something that is not easy to get hang of for a total novice trader.
The research and advisory department are constantly trying to move along with the fast-paced ever-changing world markets to provide maximum benefits and security.
As goes the saying “There is always room for growth”.
NAGA Trading Hours
The trading hours vary according to the region and markets.
NAGA Customer Care or Contact Details
|Support During Weekends||Yes|
|Live Chat Support||Yes|
|Customer Support Languages||English, German, Italian, Portuguese, Polish, Czech, Malay, Chinese, Vietnamese, Arabic, and more.|
Naga has been satisfying its customers with its exceptional services for years now.
They provide full assistance whenever needed, and that is achieved by instant support they provide through live chat, phone, or email.
What is more, is that you can also view the website in more than 10 different languages.
Apart from weekdays, they remain active even on weekends providing support and services 24 hours a day to answer your queries.
NAGA Safety & Security
The level of safety and secure execution of trades through NAGA can be measured by the rating of 7.2 out of 10 and reviews are given by the existing users.
As NAGA Forex trader is regulated by CySEC, it follows all the required guidelines to ensure the safety of user information and trades.
NAGA Traders website is technologically advanced and the account verification process is done through authentic means ensuring no mishaps.
NAGA Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.0 / 10|
|Products & Services||7.6 / 10|
|Brokerage Charges & Fees||7.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.2/ 10|
|Total Client Reviews||67|
NAGA Forex Trading – Conclusion or Verdict
The NAGA Forex Trading platform was founded in 2015, by Benjamin Bilski and is headquartered in Cyprus. Under the CySEC regulatory body, this trading platform offers a safe and risk-free trading environment to its clients.
The high-end technology in addition to the indicating tools complements the trader according to his own trading styles and refines it further.
The variety of features and learning material helps every trader old or new to the market and prepares them to dive into the everchanging trading market and make real profits.
If any problem arises while trading, NAGA Trader provides step by step resolution throughout the week.
NAGA Forex DEMO account is not free, however, don’t be too quick to decide, remember the saying “All good things come with a price”.
NAGA Broker FAQs:
Here is the list of FAQs related to the NAGA Broker:
Is NAGA Forex Broker safe for trading?
Yes. NAGA Forex Broker is 100% safe for trading.
It supports all types of secure payment methods and all transactions are safe, private and secure, and encrypted by SSL technology.
NAGA Forex Broker is regulated as well and it’s a public trading company listed on Frankfurt Stock Exchange.
What is the commission for NAGA Forex Brokers?
There are no hidden charges or account opening charges and most of the trading options are commission-free and only require margin fulfillment.
It provides discounted brokerage charges and varies from asset to asset. There are no charges for depositing any money in your account.
The withdrawal fees range from 0-5 EU depending on your VIP level.
A one-time copy fee of 0.99 EU for copy trading and a 5% Variable copy free if you earn more than 10 EU from copy Trade.
How to open a Trading account with NAGA Forex Broker?
- Sign up to Naga Forex Broker for FREE with which you’ll get complimentary access to a virtual trading account with dummy money to practice the trade.
- They ask you to fill out a set of questions regarding your experience and background in Trading. After which you are asked to do a full KYC compliance where you are required to send them an ID proof with proof of your residence.
- You need to deposit money in your account to start trading and you can choose various payment partners from their list.
- Start Trading!
Can I invest in Cryptocurrency with NAGA Forex Brokers?
Yes absolutely. You get a full NAGA Forex Broker ecosystem, dedicated just for cryptocurrencies where you can do copy trading, set up your own account for trading cryptocurrency, and a news feed with 600,000 users.
And users get access to crypto exchange to trade in real-time order books with their own crypto wallet.
What leverage does NAGA Forex Broker provide?
They provide 30:1 maximum leverage because of ESMA guidelines & regulations.
You can get higher leverage after achieving professional status.
And they provide 1000:1 leverage for international traders.
Does NAGA Forex Broker have a trading app?
Yes, they do have a trading app that can be downloaded on Android and iOS devices.
They can download the platform for Windows and MAC.
And clients can access the portal through web browsers on their PCs as well the browser on mobile devices.
How to contact NAGA Forex Broker customer care?
You can contact NAGA Forex Broker’s customer support by phone or by mail.
They provide 24×7 customer support including weekends.
And live chat support is available in all major languages.
Is NAGA Forex Broker Regulated?
Yes. NAGA Forex Broker is regulated and authorized by Cyprus Securities and Exchange (CySEC).
Who founded NAGA Forex Broker?
NAGA Forex Broker was founded by Yasin Qureshi and Benjamin Bilski in 2015.
Is NAGA Forex Broker good for beginners?
NAGA Forex Broker is the best platform to start trading for beginners as it has lesser charges, is more secure, and has more transparency.
NAGA Forex Brokers are regulated and use the latest technologies for trading, making it simpler for their clients.
They provide various offers including a free demo account, access to courses, live market updates, research, and have a community that will definitely help beginners in trading.
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