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Fake Broker
Score
1.44 /10
Danger
NAGA
2-5 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index6.48
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
3
Previous Detection :
2026-06-21
- This broker lacks valid forex regulation. Please be aware of the risk!
- The Cyprus CYSEC license (License No. 204/13) claimed by the broker has not been verified. Please be aware of the risks!
WikiFX Verification
| NAGA Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Germany |
| Regulation | CySEC (Suspicious Clone) |
| Market Instruments | 4,000+ assets (3,000+ stocks) |
| Demo Account | ❌ |
| Trading Platform | / |
| Copy Trading | ✅ |
| Minumum Deposit | / |
| Customer Support | / |
NAGA Information
Founded in 2021, NAGA is a broker registered in Germany, claiming to offer 4,000+ assets (3,000+ stocks). However, clients must sign up an account before viewing the website's information.
Pros and Cons
| Pros | Cons |
| / | Suspicious clone CySEC license |
| Lack of transparency |
Is NAGA Legit?
NAGA is licensed by CySEC to offer services, but the lisence is suspicious clone. Please be aware of the risk!
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Cyprus Securities and Exchange Commission (CySEC) | Suspicious Clone | Νaga Markets Europe Ltd | Market Maker (MM) | 204/13 |
What Can I Trade on NAGA?
On NAGA, you can trade 4,000+ assets, invest with 0% commission on 3,000+ stocks. However, for more detailed info, you have to sign up an account.
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