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 NAGAIt’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.
Compliance & Regulation with NAGAThe Cyprus Securities and Exchange Commission oversees NAGA Markets Europe Ltd. (CySEC).
NAGA’s Top Features
- A well-known investing app
- Offering that is expert
- Popular Investor NAGA
- Auto copy NAGA
- Financial Powerhouse
NAGA ResourcesNAGA 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 AccountsDemo 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.
Funding Methods that NAGA offersAll 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 TradingNaga 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 NAGAAdditionally, 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 NAGATo 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
|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|