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No Regulation
Score
1.23 /10
Danger
NAGA
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.84
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
2
Previous Detection :
2025-05-15
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| NAGA Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Germany |
| Regulation | No regulation |
| Market Instruments | Stocks, Forex, indices, shares, commodities, ETFs, bonds and cryptos |
| Demo Account | ✅ |
| Leverage | / |
| EUR/USD Spread | From 0.5 pips |
| Trading Platforms | Web Trader, Mobile App |
| Copy Trading | ✅ |
| Minimum Deposit | $10 |
| Customer Support | 24/5 support |
| Live chat | |
| Phone: +2484671946, +35725041412 | |
| Email: support.sc@naga.com | |
| Facebook, Instagram, Twitter, LinkedIn | |
NAGA, founded in 2017 and registered in Germany, is an unregulated trading platform. NAGA offers various market instruments, including over 4,000 assets such as stocks, Forex, indices, shares, commodities, ETFs, bonds, and cryptocurrencies. It provides a demo account and a low minimum deposit of just $10. NAGA supports multiple trading platforms, including Web Trader, Mobile App, MT4, and MT5. Moreover, it also provides copy-trading. However, there are regional restrictions on certain countries.
Pros and Cons
| Pros | Cons |
| Demo accounts available | No regulation |
| A wide range of products | Regional restrictions |
| Diverse account types | |
| Multiple customer support channels | |
| Low minimum deposit | |
| MT4 & MT5 platform |
Is NAGA Legit?
Currently, NAGA has no valid regulation. Its domain was registered on July 4, 2017, has multiple prohibitions in place (delete, renew, transfer, update). Please be aware of the risks!
What Can I Trade on NAGA?
On NAGA, you can trade with 4,000+ assets including CFDs onstocks, Forex, indices, shares, commodities, ETFs, bonds and cryptos.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ✔ |
| ETFs | ✔ |
| Options | ❌ |
| Mutual Funds | ❌ |
Account Type
NAGA provides Iron, Bronze, Silver, Gold, Diamond, and Crystal accounts. The minimum deposit requirement among them is $10 for the Iron account.
| Account Type | Iron | Bronze | Silver | Gold | Diamond | Crystal |
| Account Value | $10 | $1,000 | $3,000 | $17,500 | $40,000 | $90,000 |
| Copy Premium All instruments | $0.12 per copied trade | $0.15 per copied trade | $0.18 per copied trade | $0.22 per copied trade | $0.27 per copied trade | $0.32 per copied trade |
| Copy Premium FX PAIRS | $0.50 per copied trade | $0.60 per copied trade | $0.70 per copied trade | $0.80 per copied trade | $0.90 per copied trade | $1.00 per copied trade |
| Copy Premium Popular Assets |
Spreads and Commissions
| Account Type | Spread Type | EUR/USD Spread |
| Iron | Standard Spreads | 1.1 pips |
| Bronze | ||
| Silver | Silver Spreads | 1 pip |
| Gold | Gold Spreads | 0.6 pips |
| Diamond | Diamond Spreads | 0.5 pips |
| Crystal | VIP Spreads |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | App Store, Google Play, Windows, MacOS | Beginners |
| MT5 | ✔ | App Store, Google Play, Windows, MacOS | Experienced traders |
| NAGA Trader | ✔ | Web, IOS, Android | / |
| Telegram Mini App | ✔ | IOS, Android | / |
Copy Trading
NAGA offers copy trading, by which users can automatically replicate the trades of other traders in real-time using their Autocopy feature. Once a trader is selected and Autocopy is activated, the platform mirrors the chosen trader's transactions within the user's own trading account.
Deposit and Withdrawal
| Deposit Options | Minimum Deposit | Deposit Fees | Deposit Processing Time |
| Visa, Mastercard, Maestro, Diners, Discover | $10 | ❌ | Instant |
| Equals Money | $10 | ❌ | 2-5 business days |
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Processing Time |
| VISA, MasterCard, Alternative Payment, BIDV, ACB, EMIXM BANK, etc. | $10 or equivalent to account currency | ❌ | / |
Restricted Countries
NAGA Capital Ltd does not provide services for the residents of certain countries listed in the image below.
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