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NAGA -

Score

2.17 /10
Danger

NAGA

Germany

2-5 years

Suspicious Regulatory License

White label MT5

Regional Brokers

High potential risk

https://naga-cn.com/en

Influence

D

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.78

Risk Management Index0.00

Software Index8.61

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

The Naga Group AG

Company Abbreviation

NAGA

Platform registered country and region

Germany

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2025-07-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The broker's claimed CyprusCYSEC regulation (Regulation Number: 204/13) has not been verified. Please be alert to the risks!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Everyone takes a look on this fraud platform that does not withdraw

Encounters a fraud at a dating software. Promise to withdraw but what happens now? No withdrawal and disappearred. I will be keeping to wait if I was not consulting at here! Now, I found it is a scam so I do not need to waste my time.

AZHEN250
2023-02-08 00:34
Scam

naga.com scam

I am opening scam alert against www.naga.com & going to reveal reality of NAGA Group. They are totally scam. Please stay away. I traded last week Friday 29 MAY 2020. I made profit and after that I applied withdrawal request. After this I waited for 1 day and there was no approval of withdrawal request and I contacted multiple times on live chat, call support. but they keep repeating this matter is not in our hands and we cannot do anything.

talal baig
2021-09-07 17:49
NAGA · Company summary
NAGA Review Summary
Founded2021
Registered Country/RegionGermany
RegulationCYSEC/FSA (Suspicious Clone)
Market Instruments1,000+, Forex, Commodities, Stocks, Cryptocurrency CFDs, Precious Metals, Futures, ETFs, Indexes, Energy
Demo Account/
LeverageUp to 1:500
EUR/USD SpreadFrom 1.5 pips (Silver/Gold account)
Trading PlatformMT4
Social Trading✅
Minimum Deposit1,300 RMB
Customer SupportEmail: chinasupport@naga.com

NAGA Information

NAGA is a fintech company headquartered in Germany. The platform focuses on social trading and cryptocurrency trading, supporting trading of over 1,000 financial instruments covering markets such as forex, stocks, cryptocurrency CFDs, ETFs, etc. It provides the MetaTrader 4 (MT4) trading terminal, enabling real-time trading across multiple devices (Windows, macOS, iOS, Android).

NAGA's homepage

Pros and Cons

Pros Cons
Over 1,000 trading instrumentsSuspicious clone CYSEC and FSA licenses
Multiple account typesHigh initial deposit requirement
MT4 availableLimited payment options
No direct contact channel

Is NAGA Legit?

Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
Cyprus Securities and Exchange Commission (CYSEC)Suspicious CloneΝaga Markets Europe LtdCyprusMarket Maker (MM)204/13
The Seychelles Financial Services Authority (FSA)Suspicious CloneNAGA Capital LtdSeychellesRetail Forex LicenseSD026
Domain information

What Can I Trade on NAGA?

Tradable Instruments Supported
Forex✔
Commodities✔
Stocks✔
Cryptocurrency CFDs✔
Precious Metals✔
Futures✔
ETFs✔
Indexes✔
Energy✔
Bonds❌
Options❌
What Can I Trade on NAGA?

Account Type & Spreads

Account TypeMinimum DepositEUR/USD Spread
Silver250 USDStandard, from 1.5 pips
Gold2,500 USD
Diamond5,000 USDPlatinum, from 1.2 pips
Crystal25,000 USDVIP, from 0.7 pips
Account comparison

Leverage

For AUD/USD, AUD/CAD, etc. The margin ratio is 0.40%, corresponding to a leverage of 1:250.

For CAD/CHF, the margin ratio is 0.20%, corresponding to a leverage of 1:500.

Please note that high leverage can amplify not only profits but also losses.

Leverage

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔mac OS, Windows, Android, iOSBeginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

Deposit via UnionPay is supported, with a minimum of 1,300 RMB and a maximum of 50,000 RMB. It is free of charge, and funds are credited instantly.

Deposit and Withdrawal

News

NewsNAGA to Launch Crypto Exchange in March, January Revenue Hits Record

Hamburg-headquartered NAGA Group AG (XETRA: N4G) is taking another major leap into the crypto industry and is set to launch its cryptocurrency exchange on March 7, 2022.

WikiFX
2022-02-16 16:38
NAGA to Launch Crypto Exchange in March, January Revenue Hits Record

NewsNAGA Secures Another €34 Million as Growth Capital

The company will use the funds in financing global growth and enhanced marketing measures.

WikiFX
2021-11-22 12:00
NAGA Secures Another €34 Million as Growth Capital
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User comment

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Comments

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FX1369255927
more than one year
Investing in this NAGA is the most regrettable thing I will do in 2022! Fortunately, I only invested a few hundred dollars, and the loss is not too much. I will always be vigilant.
Investing in this NAGA is the most regrettable thing I will do in 2022! Fortunately, I only invested a few hundred dollars, and the loss is not too much. I will always be vigilant.
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2023-03-10 18:35
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