NAGA: Where You Earn While You Invest

98 Views

FxBrokerReviews.org – The 2015-founded Naga Group AG is the parent company of Naga Global LLC. German FinTech firm Naga Group AG is openly traded on the Frankfurt Stock Exchange. In order to compete with established financial institutions, such as banks and brokers, the organisation uses cutting-edge technologies and creative ideas. The NAGA Group’s brokerage services are currently used by more than 500,000 active and passive investors.If you’re searching for an innovative broker with a focus on social networking, there are several reasons to pick NAGA. In contrast to other brokers, NAGA features a robust copy trading function called Autocopy that enables users to copy other traders’ techniques and profit from having their strategies copied. The NAGA also offers the chance to communicate with other traders via NAGA Messenger and NAGA Feed to share ideas and learn about various investment techniques.Highlights include MetaTrader 4 and 5, which are both accessible to traders. Over 1,000 trading instruments, including Forex, Stocks, and CFDs, are available.Also read: The Best MT4 Brokers in 2022

To whom are NAGA recommended?

For those who are new to trading, many brokers may not be the greatest option. Despite the fact that NAGA doesn’t have a large selection of instructional tools, this broker does provide Autocopy trading for practice accounts. Because rookie traders can mimic the trades of more seasoned traders, NAGA appears to be a wonderful option for both new and seasoned traders.

Reliability & Security with NAGA

It’s critical to consider the available platforms in order to evaluate trade reliability. After all, a shaky trading environment results from a shaky platform. There are three available platforms at NAGA: web, mobile, and downloaded.

Web

You may use all of NAGA’s features, including setting up price alerts and auto-copying, directly from your browser with the NAGA Web App. The process of opening an account is quick and free. Over 950 instruments can be traded on the platform using the web app.

Mobile

For a trading while on the go, download the NAGA app from Google Play. The Android app has a 3.9-star rating on Google, but the NAGA website says nothing about an iPhone app. Nearly all of the standard NAGA features, such as Auto copy and NAGA Messenger discussion with other investors, are available for free download.

Downloadable

This broker offers MetaTrader 4 and MetaTrader 5 for individuals who prefer a downloaded client. Since these are the top trading platforms on the market, using them will ensure you have a dependable trading experience. You can still engage in copy trading even if you’re using the MetaTrader platform because Autocopy is linked to MT4.Also read: How secure is the NAGA trading platform?

Compliance & Regulation with NAGA

The Cyprus Securities and Exchange Commission oversees NAGA Markets Europe Ltd. (CySEC).

NAGA’s Top Features

A well-known investing app

This trading platform is used by over a million investors, providing you with the chance to not only trade, invest, and learn from others but also to become someone from whom other people may learn.

Offering that is expert

For individuals who wish to use all the information at their disposal, NAGA includes advanced, top-notch charts and tools. Learn how to trade for free with the help of NAGA’s webinar series, free eBooks, and instructional videos. You may make deposits or withdrawals with NAGA using credit cards, wire transfers, and a number of other payment options.

Popular Investor NAGA

Any trader may share their trading methods and portfolios with a global network of traders through this broker’s “Popular Investor” programme. When other traders on the site copy you, you can get payments from the NAGA Popular Investors’ Fund of up to $100,000 every month.

Auto copy NAGA

To keep current on the news while trading, you don’t always need to be staring at many displays full of charts. If you have NAGA Autocopy, you won’t need to worry. You may locate top traders with NAGA Autocopy, and the software will automatically replicate their trading behaviour and approaches. You trade when they do.

Financial Powerhouse

Trade more than 1,000 assets, including the most well-liked stocks, cryptocurrencies, and forex pairs in the world. Enjoy the user-friendly interface of NAGA’s online trader, trade while on the move with the broker’s mobile app, and save your wallet from suffering greatly owing to NAGA’s minimal costs.Also read: NAGA Review, A Legit Broker or A Scam?

NAGA Resources

NAGA keeps a large variety of assets available for trading. To all of its traders, the platform provides more over 1000 financial instruments. Due to its enormous popularity among traders, NAGA continues to diversify its portfolio of assets. View the options NAGA provides for trading.

CFD – The platform’s CFD offering includes around 600 equities from all marketplaces worldwide.
Forex – offers 47 trading pairs, including all of the well-known ones, such as EUR/USD, GBP/USD, JPY/USD, and EUR/AUD.
Commodities include metals, oil, silver, and gold.
Indices – FTSE100, France 40, Germany 35, and US Tech 100 are among the indices that are now accessible.
Futures – There are currently 22 futures, including IBEX 35, Swiss20, and EuroStoxx Indices

Types of NAGA Accounts

Demo AccountAll novice traders who are unaware of the minimum deposits and trading tactics find the Demo account to be helpful. You may trade without using real money thanks to NAGA’s free trial account. It is a fictitious bank account. It provides the same tools, features, and services as a normal account but without the chance of financial loss. There are various trading platforms like MT4 and MT5 available with the NAGA sample account. Virtual currency is used for all trades, and there are no fees involved.NAGA also maintains six other account types, ranging from iron to crystal, in addition to the demo account. Let’s examine each of the accounts individually.

Crystal

The crystal account is for active traders who execute large quantities of trades. Owners of crystal accounts get access to several premium features as well as those of silver and diamond accounts. The greatest trading conditions, no withdrawal fees, VIP spreads, over 20 trading signals each day, and a substantial copy bonus are all available to traders. $100000 is the required minimum deposit to start a crystal account.

Diamond

Owners of Diamond accounts are required to make a minimum deposit of $500,000. Platinum spreads, lower withdrawal costs, a NAGA Profile Awareness Boost, and even a high copy bonus are just a few of the account’s many premium perks. By using copy trading, traders may have access to limitless webinars and professional coaching sessions. Trades in cryptocurrencies, equities, ETFs, indices, CFDs, commodities, and futures are all permissible using this account.

Gold

Holders of Gold Accounts get access to reduced spreads, improved trading conditions, and premium features. In comparison to the accounts mentioned above, there are also lower withdrawal costs. With access to copy trading, webinars, and two one-on-one coaching sessions, traders may trade foreign exchange (FX), and CFDs on commodities, indices, stocks, futures, ETFs, and real stocks. For owners of Gold Accounts, the minimal deposit amount is $25,000

Silver

Better trading conditions and support for one-on-one teaching are provided by the silver account. A $5000 minimum deposit is needed to start an account. With a lower commission on stock CFD transactions (0.20%), it enables trading in foreign exchange (FX), CFDs on commodities, indices, stocks, futures, exchange-traded funds (ETFs), and real stocks. The spread is set at 1.7, which is the same as the iron and bronze accounts. Additionally, traders get access to e-books and webinars.

Bronze

The Bronze account comes after the Iron account. You may trade FX, CFDs on commodities, indices, stocks, futures, exchange-traded funds (ETFs), cryptocurrencies, and real stocks. The account requires a minimum deposit of $2500 and offers perks including free access to instructional e-Books, lowered withdrawal costs of 4 EUR/USD/GBP, and Copy Analytics Dashboard access. The standard rate for spreads is set at 1.7.

Iron

It is the most fundamental account and a preferred option for novices. For the Iron account, a $250 minimum deposit is required. The account supports currency exchange in EUR, USD, and GBP. The typical spread for the iron accounts is EURUSD 1.7. Foreign exchange (FX), CFDs on commodities, indices, stocks, futures, exchange-traded funds (ETFs), cryptocurrencies, and real stocks are all permitted. Features like copy trading, free ebooks and seminars, and trade notifications are helpful to traders.

Funding Methods that NAGA offers

All of the major credit cards, cryptocurrencies, and other payment options including e-wallets are supported by Naga.Additionally, the company released NAGA Card & IBAN in February 2019 to make it even simpler for consumers to manage their money and make purchases while still enjoying all of the advantages of NAGA MasterCard.Also read: NAGA Review 2022 (Update)

Naga: Is it secure or a con?

NAGA Group is a publicly traded business that is also a broker licenced by the CySEC in Cyprus and a technology company operating in Germany. By taking all required efforts to become a fully regulated and transparent organisation, NAGA Group has ensured that it is not a fraud.The NAGA Group AG, a publicly traded FinTech business with its headquarters in Germany, owns the trademark NAGA. This provides a certain amount of stability along with a solid foundation and operating platform. Additionally, NAGA is a trustworthy company in any situation because it is supported by the Chinese fund FOSUN.Additionally, there is a company incorporated in SVG that provides worldwide expansion for NAGA; as long as it complies with European law and is permitted and governed by it, it is okay to register there.As a result, in addition to adhering to several performance criteria and having a high level of dependability as a public business, NAGA also complies with MiFID’s requirements for its trading service. As a result, trader funds are always kept separate from the business and safeguarded by a compensation plan in the event that brokers go insolvent.

Social Trading

Naga provides a variety of investment options, including ICOs, social trading, trading of more than 500 assets, manual or automatic investing, and more. In reality, Naga Markets is a Frankfurt-based publicly traded FinTech firm supported by the multibillion-dollar fund FOSUN that offers transparency in the trading process.Ultimately, Naga continuously adds new ideas and challenges that enable the quick development of the business and its clientele.

Leverage in NAGA

Additionally, while trading with Naga, you have access to adjustable leverage, which enables you to better control and manage risks in line with your trading philosophy. Naga, a European broker, completely conforms to ESMA limitations; hence, Naga is subject to the most current modifications to employ lower leverage limits. Since professionals can access larger ratios after having their professional identity verified, the highest leverage available to regular traders is 1:30.

Spreads in NAGA

To provide better trading conditions for all investors, Naga advertises on its website that it offers the lowest spreads for all traders, regardless of the size of their trading accounts. The average spread offered by the market for EUR/USD is 1.2 pip, which is regarded as a healthy spread. Regarding other instruments, commission fees could apply to some assets that you can discover on the site directly.Additionally, while using the social trading, all expenses and the profit spread between the master account and copy account are computed automatically.

Worried about the minimum deposits and withdrawal in NAGA?

Minimum depositsNaga does not have a minimum deposit requirement, but as the broker notes, most novice traders make deposits starting at $200 to test out Naga’s terms and get exposure to practically any market. Also, keep in mind that there can be a minimum transferable amount required for each payment option.WithdrawalThe same deposit and withdrawal options are available at Naga, including bank transfers and your own Naga MasterCard. Although Naga normally does not waive costs for withdrawals, you should verify with your payment provider in case any fees may be relevant due to global transfer rules. Naga covers all deposit fees regardless of the method you choose for money transfers.User Experience for NAGAInvestors doesn’t often join a broker knowing exactly what they’re doing. A broker should be able to increase your understanding whenever possible.Webinars, trading and profits calculators, economic calendars, e-books, and a support centre are just a few of the NAGA’s instructional resources. Additionally, you may get in touch with their bilingual customer service department, which is open Monday through Friday from 9 AM to 12 AM.

Pros and Cons of NAGA

PROS	CONS
Broad copy trading platform	No clients from the United States
Very savvy broker in social networks	There are minimal withdrawal fees
Offers for MetaTrader 4 and 5

Conclusion

NAGA is for individuals seeking a sociable experience. Along with offering a broad variety of trading assets, NAGA also offers a robust copy-trading programme that fosters genuine relationships between investors. Anyone wishing to include social networking in their trading profession should use this broker.There are many investment choices available, whether you’re an expert looking for progressive trading options with favourable trading prices and circumstances or a newbie using social trading. Naga appears like a decent choice of brokerage business to us, and it may also be a nice partner in your trading adventure, given its regulatory obligations.