NAGA Review

If you are looking for an innovative broker that offers social networking and financial
inclusion for all, NAGA has got you covered. NAGA was founded by Benjamin Bilski and Yasin
Qureshi in 2015 in Frankfurt as a fintech company.

The company is registered according to European legislation and recognized under the
Cyprus laws. Their main aim is to revolutionize trading by reorganizing financial technology
and offering the most advanced tools to investors.

Also, NAGA offers its copy trading feature called Autocopy, which allows traders to copy
strategies from other traders and helps them earn money through the copying process.

In addition, one can also share ideas, share and discuss various ideas and strategies using
the NAGA Messenger and the NAGA feed. The MetaTrader 4 and 5 platforms are available
for traders where you can trade 1000+ assets including Forex, CFDs, Stocks, and much more.

NAGA provides its users with highly intuitive web and mobile interfaces, real-time order
execution, and a personal account manager with whom you can interact via emails, chats,
and phone.

They have exceptional customer support accompanied by features such as comprehensive

analysis and news streaming. NAGA is a part of FOSUN, a publicly-listed Chinese fund.
Moreover, it provides a seamless trading experience and a perfect trading environment for
beginners who are more likely to copy trades.

Is NAGA Safe or Scam?

The NAGA Group is publicly-listed and authorized by CySEC in Cyprus and a technology
company from Germany. NAGA is a strong establishment, a transparent broker with its
operational base.

It has a trademark of the NAGA Group AG as a German Fintech company on the Frankfurt
Stock Exchange. Also, NAGA registers its trading service based on requirements according to
MiFID. Therefore NAGA is a safe platform for traders to carry out their trade.

NAGA Pros & Cons

Pros:

• Investors Compensation Fund (ICF)

• Various Education Instruments
• Personal Trading Assistant
• No deposit fees
• Strict Regulations
• Impeccable Customer Support
• Easy Demo and sign-up process
• Full Demo access to MT4
• Advanced copy trading software
• Support in multiple languages
• MT4 & MT5

Cons:

• Restricted leverage for beginners

• One account option for all
• Limited deposit currencies
• Additional trading fees
• No copy-trading features are available on a demo account
• Withdrawal fees are charged.

NAGA Features –

• NAGA Popular Investor – NAGA’s unique “Popular Investor” program helps traders to
share their portfolios and trading strategies with a worldwide network of investors. When
other traders copy you, you can get up to $10000 from NAGA’s Popular Investors’ Fund each
month.
• Popular Investing App – Millions of investors use the NAGA trading platform to trade. The
Popular Investing App offers its intuitive design and easy navigation to all traders
worldwide.
• Professional Offering – NAGA offers high-quality tools and charts for both beginners and
professional traders. Get access to free education from eBooks, NAGA’s webinar series, and
tutorial videos. Also, there are several payment methods such as credit cards and wire
transfers.
• NAGA Autocopy – You do not have to go through multiple screens to stay updated.
NAGA’s Autocopy features can help in mirroring traders’ activities and strategies
automatically.

NAGA Account Types:

Iron –
1. Features – Lower fees and higher copy bonus- $0.12 and reduced stock CFD commissions-
0.20%. The decreased withdrawal fees are 5 USD/EUR/GBP or equal and access to trading
educational material.
2. Account Currency – GBP/EUR/USD
3. Leverage – 1:1000
4. Minimum Deposits – $250
5. Starting Spreads – 1.7
6. Commissions Per Trade – Reduced Commission on Stock CFDs – 0.20%
7. Decimal Pricing – Up to 5
8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares
9. Minimum Lot Size Per Trade – 0.01
10. Maximum Lot Size Per Trade – 50
11. Demo Account – Yes
12. Swap/Rollover Free – Yes
13. Copy Trading Support – Yes

Bronze –
1. Features – Low fees and access to Copy Analytics Dashboard, IRON-level benefits, higher
copy bonus - $0.15, decreased Withdrawal fees- 4 USD/GBP/EUR or equal, and access to
free educational materials on trading.
2. Account Currency – USD/EUR/GBP
3. Leverage –1:1000
4. Minimum Deposits – $2500
5. Starting Spreads – 1.7
6. Commissions Per Trade – Reduced Commission on Stock CFDs – 0.20%
7. Decimal Pricing – Up to 5
8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares
9. Minimum Lot Size Per Trade –0.01
10. Maximum Lot Size Per Trade – 50
11. Demo Account – Yes
12. Swap/Rollover Free – Yes
13. Copy Trading Support – Yes

Silver –

1. Features – Personal tutoring, lower fees and better trading conditions with BRONZE-level
benefits, higher copy bonus - $0.18, decreased Withdrawal fees – 3 USD/EUR/GBP, and two
sessions of personal tutoring
2. Account Currency – USD/EUR/GBP
3. Leverage – 1:1000
4. Minimum Deposits – $5000
5. Starting Spreads – 1.7
6. Commissions Per Trade – Reduced Commission on Stock CFDs – 0.20%
7. Decimal Pricing – Up to 5
8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares
9. Minimum Lot Size Per Trade –0.01
10. Maximum Lot Size Per Trade – 50
11. Demo Account – Yes
12. Swap/Rollover Free – Yes
13. Copy Trading Support – Yes
Gold –

1. Features – Better trading conditions and reduced spreads with lower fees. Get access to
premium trading contests, a higher copy bonus - $0.22, decreased withdrawal fees -2
USD/EUR/GBP or equivalent, reduced stock CFD commissions -0.10%, and four personal
trading sessions.
2. Account Currency – USD/EUR/GBP
3. Leverage – 1:1000
4. Minimum Deposits – $25000
5. Starting Spreads – 1.2
6. Commissions Per Trade – Reduced Commissions on Stock CFDs - 0.10%
7. Decimal Pricing – Up to 5
8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares
9. Minimum Lot Size Per Trade –0.01
10. Maximum Lot Size Per Trade – 50
11. Demo Account – Yes
12. Swap/Rollover Free – Yes
13. Copy Trading Support – Yes

Diamond –

1. Features – Better fees and conditions, platinum spreads alongside NAGA profile
awareness boost, higher copy bonus- $0.27, and reduced spreads. Also, the decreased
withdrawal fees – 1 USD/EUR/GBP or equivalent, reduced stock CFD commissions -by 0.10%,
premium trading contests, and personal tutoring sessions.
2. Account Currency – USD/EUR/GBP
3. Leverage – 1:1000
4. Minimum Deposits – $50,000
5. Starting Spreads – 0.9
6. Commissions Per Trade – reduced commission on Stock CFDs – 0.10
7. Decimal Pricing – Up to 5
8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares
9. Minimum Lot Size Per Trade – 0.01
10. Maximum Lot Size Per Trade – 50
11. Demo Account – Yes
12. Swap/Rollover Free – Yes
13. Copy Trading Support – Yes

Crystal –

1. Features – No withdrawal fees charged, best trading conditions with VIP spreads, 20
regular trading signals, everything from Iron to Diamond level, the lowest VIP spread, higher
copy bonus - $0.32 without withdrawal fees, reduced stock CFD commissions of 0.10%,
unlimited personal tutoring sessions, and premium trading contests.
2. Account Currency – USD/EUR/GBP
3. Leverage – 1:1000
4. Minimum Deposits – $100,000
5. Starting Spreads – 0.7
6. Commissions Per Trade – Reduced commission on stock CFDs – 0.10%
7. Decimal Pricing – Up to 5
8. Trading Instruments – Forex, Indices, Commodities, Cryptocurrency, Futures, and Shares
9. Minimum Lot Size Per Trade – 0.01
10. Maximum Lot Size Per Trade – 50
11. Demo Account – Yes
12. Swap/Rollover Free – Yes
13. Copy Trading Support – Yes

NAGA Market instruments –

NAGA offers traders multiple instruments such as Forex, Stocks, Indices, Stock CFDs,
Cryptocurrencies, Commodities, Futures, and Exchange Traded Funds. Most of these
instruments come with low fees at NAGA.

There are more than 500 instruments on the Forex platform where real stock traders can
invest without commissions. Also, there are no hidden fees with fast order execution time
and zero commissions.

Indices is an instrument that shows the performance of a market or sector and there is a
fast execution time with more than 20 instruments. One can trade with more than 400 stock
CFDs and benefit from short or long positions and low fees.

Buy and sell cryptocurrency using the NAGA digital wallet, the proprietary platform for
crypto exchange with more than ten popular cryptos.

Trade CFDs on the world’s most reliable and trusted platforms through Exchange Traded
Funds (ETF) and access more than 500 instruments. Futures also have fast order execution
on more than 500 instruments.

NAGA Leverage – You can access leverage according to your trading style. NAGA offers
flexible leverage to control and manage risks better. They follow all recent updates that
enable the use of low leverage levels since it has ESMA restrictions.

The maximum leverage available for traders is 1:30 but experienced traders can access high
ratios after achieving their professional status.

NAGA Fees – Buy and sell real stocks and shares from the largest public organizations
without account fees, commission fees, and charges for negative interests. Also, get low
spreads irrespective of the size of the account. The average spread is 1.2 pips for EUR/USD.
In the case of other instruments, the commission charges are available on the NAGA trading
platform. All costs and spreads between the copy account and master account are
calculated automatically.

NAGA charges an overnight fee on all positions held longer than a day for either selling or
buying.

NAGA Deposits and Withdrawals – All major cards, payment methods, and
cryptocurrencies are supported by NAGA. In 2019 NAGA introduced the NAGA Card & IBAN
which helps users manage their funds and make payments even more easily.

There is no need for a minimum amount at NAGA the first-time deposits. However, the sum
of $200 is charged to help expose traders to all markets. Every payment method requires a
minimum amount for transfers.

Also, all deposit fees are covered by NAGA on all methods of money transfer. Traders should
check with their payment provider in case of any extra charges based on the international
transfer of laws.

NAGA Trading Platforms –

At NAGA, traders can use the MetaTrader 4 and MetaTrader 5 other than their own
proprietary NAGA web platform software. You may want to use either manual or automatic
strategies through any of the above choices while trading.

NAGA provides its users with a user-friendly interface and sophisticated solutions by
guaranteeing to invest and trade worldwide in several markets. Choose your preferred
market and find out by comparing which suits you the best.

MT4 & MT5 –

Make the best of trading on your desktop or mobile devices and trade with precision using
the NAGA account. Trade with NAGA MT4 and let users copy your trading activity on your
NAGA profile.
You can trade with several instruments including shares and other assets.

Get the ultimate trading experience at NAGA-

• 31 graphing objects
• Customizable interface
• 30 technical indicators
• 3 order execution types
• 4 pending order types

NAGA Web App-

The NAGA wen app allows you to use all NAGA features while setting up price alerts and
auto-copying. Trade with more than 500 instruments and trade from anywhere in just a few
clicks.

NAGA for Android and iOS –

Trade with NAGA’s free application for iOS and Android. Download the app from the App
Store to start your trading journey. The NAGA messenger is an efficient feature that enables
you to chat within the app.

How to open a NAGA Account –

Opening a NAGA account is very easy. Follow the four steps below:

1. Register – For opening an account, go to the website, click on sign up, choose which
country you are from, and fill in the registration form with your email address to confirm.
2. Complete your profile- Complete the requested fields with relevant information and click
“Continue”.
3. Complete personal information – You must complete your personal information after the
verification of your contact number. Also, create a strong password for your account and
click “Send”.
4. “Know your client” Verification -This is the last step where you will be asked for
documents to confirm your identity and after you are verified you can start using your
account and start trading.

NAGA Customer Support - You can try the NAGA Help Centre with any query or question
you have, and you can contact the company directly where the consultants are available
24/5.
NAGA Education & Webinars – Get access to videos, articles, tutorials, webinars, and a wide
range of educational materials at the NAGA academy. The NAGA social trading is one of its
main features allowing traders the ability to copy trades through the company’s proprietary
algorithms.

The other great offering from NAGA is NAGA Exchange which allows trading through the
biggest network and unlimited commission-free trading. You can utilize unique
opportunities at NAGA even if you are a beginner.

NAGA Research –

You can find extensively researched information that is filtered out of webinars and cover
all trade-related topics. The information is then available in several languages with topics
like fundamental and technical analysis.

Find the Economic Calendar from MetaQuotes with the time and date of the upcoming
market events and global economic releases. Investors can check the currency impacted,
the previous forecast, and the actual results of releases.

This can help all traders make trade decisions based on market movement and have a
chance to stay up-to-date. NAGA’s social trading platform enables all traders to interact,
like, comment, access news feeds, share posts, copy signals, and get exclusive market
insights. NAGA is a very unique trading platform that connects traders worldwide.

NAGA User Experience –

Get the ultimate user experience at the NAGA trading platform. The trading platform is easy
to navigate through, so beginners can find all the educational materials beforehand and
start trading in real-time.

The Social trading platform at NAGA helps anyone copy trades instantly and make revenue
without prior knowledge. Additionally, the NAGA educational tools include e-books, earning
and trading calculators, webinars, and their Help Centre. The Support team is multilingual
and available for interactions.

Conclusion –
NAGA is a trustworthy and reliable broker that offers a plethora of trading instruments and
options alongside its social trading feature. They are regulated by CySEC and have
competitive fees and low spreads against popular currency pairs.

Beginner traders can increase their knowledge by interacting with experienced professionals
in the trading industry. Overall, NAGA is an excellent trading platform and if you are in for
the best social experience, it is the perfect choice for you.

Disclaimer –

NAGA tells traders to trade responsibly due to the high risks of losing capital because of
leverage. Hence it is suggested, that you understand how CFDs work before indulging in a
trade.

The content on NAGA’s trading platform is created by its community members and does not
contain any recommendations or advice from NAGA. Copying or replicating trades from
other traders involves high risks.

Risks are inevitable when following or copying an inexperienced trader who has a different
financial status than yours. A thorough assessment of the person and their legal
documentation making trade decisions for you is highly recommended by NAGA.

NAGA FAQs –

How secure is the NAGA trading platform?

NAGA can safeguard the personal information of all clients and users with SSL encryption on
desktops and mobile devices. The broker will urge the user to find the SSL security sign on
NAGA’s browser.

Can I try trading on NAGA before going in real-time?

Yes, the broker allows you to open a demo account.

What are the Withdrawal fees at NAGA?

The withdrawal fees of the broker will depend on the chosen account type. The maximum
you pay to withdraw is $5 with an IRON account. The charge decreases by $1 at every higher
account type and there is a $0 deposit fee.