NAGA Review 2022

FxBrokerReviews.orgNAGA founded in 2015,  is a German FinTech company publicly listed on the Frankfurt Stock Exchange. The trading platform has become widely popular for implementing innovative solutions and tools for trading various assets. The platform has also emerged as the best forex broker for copy trading and social networking. 

You can trade over 1000 assets including stocks, indices, forex pairs, commodities, mutual funds, CFDs, and even cryptocurrencies. NAGA provides a seamless user experience through its web-based as well as a mobile application platform.  It offers real-time order execution and excellent customer service where the traders are given access to a personal account manager. You can connect with the manager via email, phone, or chat. 

Additionally, NAGA also provides the MetaTrader4 and MetaTrader5 which includes advanced chartings and technical analysis for trading. The platform also has a wide range of educational content for market analysis for new traders. Read below a detailed NAGA review if you are considering trading with this platform;

Also read: How secure is the NAGA trading platform?

Pros Of NAGA

  • Provides an extensive copy trading platform 
  • Has a global reach 
  • Heavily regulated by  the Cyprus Securities and Exchange Commission (CySEC). 
  • Customer support in multiple languages
  • Wide range of financial assets to trade from 

Cons of NAGA

  • Charges a small withdrawal fee
  • Not available for US clients 
  • Slightly high spreads 

NAGA REVIEWS: The Top Features

  1. Investment options: 

The platform offers a multitude of financial assets for users to trade from. NAGA allows the trade of 1,000+ assets, including Cryptos, Stocks, Indices, CFDs Forex Pairs, and more.  It is a great platform for traders looking to diversify their portfolios as well as for beginners who are looking for options to trade in. 

  1. Copy trading: 

NAGA is considered to be the best forex broker when it comes to copy trading. The platform offers NAGA Autocopy, which allows traders to copy trades and trading styles of experienced traders, making the process simple and easy. This feature makes the platform a huge hit amongst new traders. 

  1. Usability: 

The best forex broker for beginners is the one that is easy to navigate and has a smooth experience. NAGA offers a seamless experience to all its traders. The platform is easy to use and understand. When opening a NAGA account the platform allows users to choose between a variety of platforms to trade. These platforms host several advanced tools like charts and indicators that ease the trade process. 

  1. Customer Support: 

The trading platform offers efficient customer support to all its traders. The service is available 24×7 to solve all grievances and complaints. Moreover, the platform also provides a personal account manager to help you make trading decisions. You can connect with the manager by mail, call, or even chat. 

  1. Innovative Tools: 

NAGA is a powerhouse of tools and charting which makes it one of the best forex brokers for beginners. The platform provides free webinars and e-books to educate traders. Moreover, it has various withdrawal methods including bank transfers, credit or debit cards, sofort, Netteller, PayPal, and more.


Type of brokerSTP
Clients AcceptedEurope; no US clients
PlatformsMT4, webtrader
Payment MethodsCredit and debit cards,  PayPal, Netteller, Sofort
Demo AccountAvailable
Minimum Deposit$50

NAGA Assets 

NAGA maintains a wide range of assets to trade from. The platform offers more than 1000 financial instruments to all its traders. NAGA continues to expand its asset range owing to its immense popularity amongst traders. Take a look at the choices NAGA offers to trade from 

  • CFD – the platform offers almost 600 stocks CFDs, globally across all markets.
  • Forex – 47 trading pairs, including all the popular currency pairs like EUR/USD, GBP/USD, JPY/USD, and EUR/AUD.
  • Commodities – silver, gold, oil, and metals 
  • Futures – There are currently 22 futures, including IBEX 35, Swiss20, and EuroStoxx
  • Indices – available indices include the FTSE100, France 40, Germany 35, and US Tech 100

Apart from these comprehensive set of assets the trading platform also includes a wide range of major cryptocurrencies, EFTs, stocks, and commodities to trade from. This asset range allows even the most inexperienced trades a way into the world of asset trading using copy trading strategies of the professionals.

NAGA Account Types 

Demo Account

The Demo account proves useful to all new traders who are unsure about the minimum deposits and trading strategies. NAGA’s demo account is at no cost, meaning you don’t have to trade using real money. It is a simulated money account. It offers the same services, tools, and other features as a regular account, but without the risk of losing money. Trading platforms such as MT4 and MT5 are also available in the NAGA demo account. No fee is charged and all trading is done with the help of virtual money. 

Apart from the demo account, NAGA maintains six other account types ranging from iron to crystal. Let us take a look at each of the accounts.

Also read: The Best MT4 Brokers in 2022

  1. Iron 

It is the most basic account and a popular choice amongst beginners. The minimum deposit for the Iron account is $250. The account allows the exchange of EUR/USD/GBP currencies. The iron accounts come with a standard spread i.e. EURUSD 1.7. It allows the trading of Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies, and Real Stocks. Traders can benefit from features like copy trading, free ebooks and webinars, and trade alerts.  

  1. Bronze 

Followed by Iron, comes the Bronze account. It allows you to trade Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies, and Real Stocks. The account has a minimum deposit of $2500 and supports features like Copy Analytics Dashboard access, decreased withdrawal fees of 4 EUR/USD/GBP or equivalent, and access to free educational e-Books. Spreads are set at the standard rate of 1.7. 

  1. Silver 

The silver account comes with better trading conditions and supports one on one tutoring. The minimum deposit required to open the account is $5000. It allows trades to make trades on Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies, and Real Stocks with a reduced commission on Stock CFDs (0.20%). The spread is set similar to iron and bronze accounts i.e. 1.7. Traders also have access to webinars and e-books. 

  1. Gold 

Gold Account holders get access to lower spreads, better trading conditions, and access to premium features. The withdrawal fees are also decreased as compared to the above accounts. Traders can trade Foreign Exchange (FX), CFDs on Commodities, Indices, Stocks, Futures, ETFs, Cryptocurrencies, and Real Stocks with access to copy trading, webinars, and 2 sessions of one on one tutoring. The minimum deposit value for Gold Account holders is $25000

  1. Diamond 

Diamond account holders have to submit a minimum deposit of $50000. The account holds numerous premium features like platinum spreads, decreased withdrawal fees, NAGA Profile Awareness Boost, and even a high copy bonus. Traders can take advantage of copy trading and get access to unlimited webinars and tutoring sessions with experts. The account allows traders to place trades in Cryptocurrencies, stocks, ETFs, indices, CFDs, commodities, and futures. 

  1. Crystal 

Crystal account is for frequent traders, who trade in huge lots. Crystal account holders have numerous premium features along with access to features of silver and diamond accounts. Traders can benefit from the best trading conditions, no withdrawal fees, VIP spreads, almost 20 daily trading signals, and a high copy bonus. The minimum deposit to open a crystal account is $100000.

NAGA- Regulation and Security 

Launched in 2015 NAGA Markets Europe Ltd is a german based trading platform. The platform is regulated by the Cyprus Securities and Exchange Commission (CySEC).NAGA is subject to strict CySEC rules and guidelines, which ensures clients that they are using a trusted and reliable broker. 

In addition to being regulated, the platform also follows the  European MiFID financial harmonization laws, that focus on bringing financial transparency and promoting fair competition. Also, NAGA is backed by a Chinese fund FOSUN making it a reliable firm. 

When it comes to client security NAGA makes sure that all client data is well protected and secured. To open an account with the platform traders have to complete a KYC process and each customer account is fully verified before providing access to trading.

NAGA Review- Jurisdiction and Clients 

The trading platform accepts clients from more than 40 countries all across Europe. It offers services to residents within the European Economic Area and Switzerland, excluding Belgium. NAGA does not provide investment and services in the territories of third countries. Also, the US does not come under the jurisdiction of the platform. 

Traders trading in Europe are taken to the NAGA Markets Europe platform, while traders from Australia, New Zealand, India, or Canada get access to the NAGA global platform. NAGA global does not offer exclusive services to clients and does not come on the list of the best forex broker outside the U.K.

Deposit and Withdrawal Methods 

The payment options provided by NAGA are quite impressive. The platform offers an array of payment options for withdrawals as well as payments. Traders can make use of bank transfers, credit cards or debit cards, NetBanking, Visa, and Mastercard. E-wallets like PayPal, Sofort, Neteller, Krill, and Giropay are also available to traders. 

The platform does not charge any fees for making any deposits and transfers funds instantly, except for bank transfers as they may take up to 5 working days to reflect in the account. While all withdrawals charge a minimum fee, depending on your trade value. One of the most impressive features of NAGA is the Naga Wallet; it gives an option to fund accounts with multiple currencies including crypto and fiat.

NAGA Reviews – Fees and Costing 

According to our NAGA Review the cost and fee of the trading platform is quite pleasing. It allows traders to place trades with low trading charges and commissions. The platform allows trading Forex, cryptocurrency, CFDs, and commodities without any commission. And only a 0.20% commission is charged in stocks and 0.10% for ETFs. The spreads are also quite competitive as compared to other brokers. The standard spread is set at 1.7, but silver, diamond, and crystal account holders get are offered low spreads.

The platform does not charge any inactivity fees but has a substantial amount of withdrawal fees depending on the size of the trade and trade value. The platform also charges traders for using the auto-copy function.

NAGA Customer Support 

The NAGA customer support is note-taking. It offers excellent support to all kinds of traders. As NAGA is a social trading platform it has an extensive social network, therefore there is a big emphasis on community. Traders are given access to a wide collection of articles and posts that covers all information about using the platform and even provides small prints of the NAGA terms and conditions. 

Agents on the platform, are available 24 hours a day via text, call or mail to address client problems and provide comprehensive customer support. The platform is available in multiple languages including, English, Thai, Farsi, German, Polish, Spanish, Chinese Italian,  Portuguese, Czech, Hungarian, Bahasa, Malay and Vietnamese.

NAGA Research and Educational Resources 

NAGA has a storehouse of blogs and educational content which makes it the best forex broker for beginners. The platform conducts various webinars as well as one on one tutoring sessions to educate its clients. It also provides free access to E-books on trading and market analysis which prove to be quite useful for all traders. Traders can also benefit from the help center, video tutorials, and guides available on the platform. 

Here it is important to take note that NAGA does not offer the facility of research, it only maintains a rich educational section. The trading signals depend on the community as the platform focuses more on social trading. 

Final Thoughts 

After a detailed analysis of NAGA our team at forex broker review, consider the platform as one of the best forex broker for beginners. The platform uses innovative technology and an extensive social network to make trading easy for you. The availability of webtrader and MT4 and MT5 gives users plenty of options to access metrics, industry reports, and advanced trading tools.

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