NAGA review 2025: Pros, cons, fees, and more!
Additional features include access to premium contests and two one-to-one trading sessions with the company’s expert traders in a month. Tier 1 is the official measure of a bank’s financial health and strength.Trading with Naga is risky, and because the market is so volatile, losses could happen at any time. Do not invest with Naga unless you are prepared to lose all the money you invest.
Customer Support at Naga
We analysed the broker’s price structure, trading platforms, educational resources, and payment options and listed the pros and cons of signing up with the broker. We also shared what others think of the business on the platforms like Reddit, Quora, Trustpilot and ForexPeaceArmy. Hopefully, after reading this evaluation, you will be more equipped to make a wise choice about your trading options. All the features offered in the desktop version are also available via NAGA’s mobile trading app. The mobile trading app is compatible with all Android and iOS-based mobile phones and tablets. Investing in the stock market, interacting with other traders on NAGA Messenger, and Auto Copying the best investors is as easy as clicking a few tabs from the power of your fingers.
Bronze account
The broker does not charge commissions on trades, but the spreads are unfortunately not among the best in the industry, at an average of 1.2 pips on the popular EUR/USD pair. You can download the NAGA app from Google Play for on-the-go trading. The NAGA website doesn’t say anything about an iPhone app, though the Android app has a 3.9– star rating on Google. It’s free to download, and you can have almost all of the regular NAGA features, including Autocopy and chatting with other investors on NAGA Messenger. While we’re excited about this new offering, we remind users that memecoins can be highly volatile. NAGA is quite an interesting player in the financial services industry.
With STP execution on the Naga platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing. Naga MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi.You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability.Naga MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode. MT5 on Naga provides the convenience of using automated trading systems and copy trading, giving Naga traders competitive research tools in the financial markets. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version.
When analysing a few of his trades, we see profits and losses ranging from $1 to $50 on average (at least from what we’re available to see) excluding the top stats. While all the above stats are “interesting” we don’t find them that useful as they fail to disclose completely the real performance of a trader. The portfolio section is called “MyTrades” and can be found on the top menu of the app. At the time of writing this review and creating these images, their platform appeared to have an issue these this icons but hopefully you’ll find them operational now. It’s made of posts by NAGA, popular traders or traders that you follow. NAGA’s mobile platform is quite an interesting tool packed with many features, let’s go over a few of its areas in more detail.
- Despite the fact that this is a solid company with great experience and authority, any trader can open an account here.
- Naga offer educational resources which include NAGA Academy, Seminars, Glossary, Videos, Tutorials, Webinars, Ebooks, Articles.
- Those are questions left to be answered by NAGA and the majority of copy trading platforms.
- Trading Forex pairs is a standout feature, offering access to major, minor, and exotic currencies.
- No rollover fees will be applied and you can earn dividends if the company distributes them.
- However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.
By combining expert analysis with real trader experiences, our goal is to provide a balanced view that equips you with the knowledge to decide if NAGA is the ideal broker for your trading needs. Stay tuned for an in-depth exploration of NAGA’s offerings and how it compares to other brokers in the market. XM Global is a trusted, regulated, and multi-asset CFD Broker based in Limassol, Cyprus. NAGA trader features commission-free trading on most of its assets with the tightest spreads available on market starting as low as 0.6 pips on EUR/USD and other major Forex currency pairs. The platform also allows the users to buy, sell and manage Bitcoin and other popular cryptocurrencies with real-time exchange and extra security measures. The quintessence of quality and modernity is something that typical trader these days require.
Tap into the experience of others and collaborate with a growing community of traders. In simple words, it’s a map that shows how much people are talking about something with some indicators of the positive or negative impact to be potentially experienced by an asset. The issue with this is that even the top traders seem to be only small traders getting copied by a lot of people.
How are Execution, leverage and position sizing with NAGA?
Although NAGA broker doesn’t explicitly promote traditional bonuses or promotions, they offer an attractive referral program for their NAGA Pay app. Users can earn up to €100 in Bitcoin by referring eligible friends to join NAGA Pay, providing a unique earnings opportunity beyond standard bonus offerings. This referral initiative adds significant value to NAGA users, allowing them to benefit from their network while expanding the app’s community. Each account type offers progressively better trading conditions and perks as the deposit amount increases. NAGA, a leading fintech powerhouse, has revolutionized the trading landscape with its comprehensive financial platform. Headquartered in Germany, NAGA is a proud member of the NAGA Group AG, a publicly listed company on the Frankfurt Stock Exchange – a testament to its transparency and financial stability.
What are NAGA’s Account Types?
This variety ensures that traders can choose the communication channel that best suits their preferences or needs. The integration of social trading is another significant advantage, enabling me to follow and replicate the strategies of successful traders. This feature not only enhanced my trading decisions but also provided a valuable learning opportunity by observing real-time trades and strategies. It’s a unique blend of community and trading that I haven’t found to this extent on other platforms.
Fees
Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Naga trading losses are always limited https://traderoom.info/naga-broker-overview/ to the current balance of funds in the trader’s account. Naga provides a demo account that enables individuals to explore trading before investing their funds. By creating a Naga practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Naga demo account can help individuals to make informed decisions before investing their money.
However, it’s important to note that withdrawals are primarily made in EUR and USD, which might be a limitation for some. Additionally, NAGA charges a withdrawal fee ranging from 0 to 5 EUR/USD (or the equivalent in other currencies) for each transaction. While not excessive, this fee should be considered when planning your withdrawals to avoid any surprises. NAGA employs state-of-the-art security measures to protect client funds and personal information, ensuring safe and efficient transactions.
By doing so, traders can trade with peace of mind, knowing that Naga losses are limited to the funds available in your Naga account when negative balance protection is in place. However, other traders should be aware of the platform’s drawbacks, such as the high spreads on standard accounts and limited withdrawal and deposit methods. Additionally, customer support challenges, like delayed responses during peak times and unavailability on weekends, could impact the trading experience.
The availability of withdrawal methods is tailored to the client’s country of residence, which I found convenient. I had the option to withdraw funds to my NAGA CARD, as well as through other popular methods like VISA, VISA Electron, MasterCard, Maestro, Neteller, and Skrill. This variety ensured that I could choose the most convenient option for me. NAGA, with a Trustpilot rating of 4.5/5 and over 1.5 million users, is a trusted and transparent broker. NAGA’s variable spreads adjust based on market conditions, potentially widening during high volatility.