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Cyprus
Regulated in Cyprus
Market Making License (MM)
MT5 Full License
Global Business
High Potential Risk
Offshore Regulation
Influence
Add brokers
Comparison
Quantity 15
Exposure
Score
Regulatory Index7.93
Business Index8.38
Risk Management Index8.12
Software Index6.96
License Index6.92
Single Core
1G
40G
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Company Name
NAGA Group AG
Company Abbreviation
NAGA
Platform registered country and region
Cyprus
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
I should have profited but the other order was traded automatically. It sucks
A client has claimed Naga delays withdrawal and charges much higher fees on withdrawal compared to other brokers. Many other clients have also complained about the withdrawal problems they faced with this broker.
they removed my balance for 59,800 USD without any official reason, just because they said your bouns which it's for 1800 usd has been expired!! BTW there is no terms and conditions once I registered and I didn't request a bouns from them
On Jan. 21, 65, my port started to have problems. There was only a few left so I deposit the money to port. After deposit, the system deducted 20000 from the bank account, but the money did not entre the investment. Depositing money at 1:21 in the morning, the money cannot transfer in. I contacted the staff and they said that they will check it quickly, and I wait until 8:00 in the morning when the port was broken, and the money just arrived. As a result, the money just entered is not left to contact the staff to be held accountable, and they are silent *recommended friends do not use this service to cheat. I got hit by a bro for NAGA cheating not giving rewards it's an iPad and a laptop. Even when all pending orders are closed, the withdrawal will be made and its use will be stopped, and then there will be an event that the deposit cannot support the port. until the port is cleared again
Solve my problem as soon as possible!Why can't the withdrawal exceed the deposit amount?
The transaction amount should reach ten times to withdraw funds!!!! Or I should recharge over $19,000 to become a platinum member. If I do so, I can just reach three times of my account balance. I realized I was cheated
Today Thursday September 10 I want to inform you that the two operations that the agent, who said his name is Jason, instructed me to do yesterday Wednesday 9, we did with raw materials, specifically with silver, XAGUSD, and a little later, when I checked the status of those operations in the application, I saw that they closed them 2 hours early. The amount they withdrew from my account was $702.50 + $197.70 = $900.20 USD. I am sending more images to show you that on September 7, 2026 I made a withdrawal request for $904.46 USD and then that request was canceled on September 9 by those people from naga. Thank you for your attention and support.
I am filing this complaint against NAGA Capital for unjustified refusal to process withdrawals. My account was a Hedging account and traded normally for weeks. All trades were accepted, executed, and settled without warnings, restrictions, or violation notices. After profits were generated, all withdrawal requests were rejected and funds were returned to the trading account without explanation. NAGA Capital then: Terminated the account Alleged “market abuse” without technical or trade-level evidence Offered a partial USD 4,000 settlement, which I rejected Continued blocking full withdrawals while the balance remained visible Facts: Hedging was enabled and permitted No warnings or investigations during trading Previous withdrawals were successful No execution logs or latency data provided Current status: Balance: USD 12,680 Withdrawals rejected Funds blocked without justification
Trash platform, unable to withdraw money. Customer service will always only say "checking"
A client has complained that Naga keeps asking for various documents whenever one tries to withdraw and they dont respond to emails for weeks. Withdrawal is very difficult for a person when his/her money is with this broker.
I have participated in the event, and accumulated lots in June and July 2021, and I can do everything and trade according to conditions. The broker announced the winners, both ipads and notebooks with my name on them. The Naga employee said the reward will be delivered to your home. I waited until the end of August. Then, I asked the Naga staff for the reward and received the reply that the prize was delivered from the German headquarters. So I waited another 2 weeks to receive it. There are repeated requests within this period. Several times a month here, officials deflect their words. Taking responsibility between the office in Thailand and the head office and even I sent an email to the CEO in Germany. Quiet story. January 65 NAGA Announces Awards Cessation
I’m writing this review to warn others about what I experienced with NAGA, a company that claims to be a regulated trading platform but has shown nothing but dishonesty and unethical behavior. I had a verified trading account with NAGA, and after successful trading activity, I accumulated profits of over $80,000. When I submitted a withdrawal request, my account was suddenly restricted without any explanation. I reached out directly to NAGA’s CEO, Octavian Patrascu, and explained my situation in detail. Instead of helping me or escalating the issue, he blocked me – a shocking and unprofessional response from someone leading a supposedly regulated company. Customer support was no better. They kept spinning vague excuses and trying to justify withholding my profits, even though I never saw, accepted, or signed any bonus terms and conditions. These so-called rules were never displayed at registration or anywhere in my account.
On 27 Jun 2022 I traded the ethusd pair, but at 16.40 System was opened repeatly 5 orders buy NAS100 without my order and auto trade . Made me lose almost remaining money.
The amount of $ 1000 was transferred from me. I told him that I did not know anything and they sent me signals to operate. It turns out that all my money disappear from his interface and as expected, no one responds for this.
| NAGA Review Summary | |
| Founded | 1996 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | 4,000+, forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, real stocks |
| Demo Account | ❌ |
| Account Type | Iron, Bronze, Silver, Gold, Diamond, Crystal |
| Leverage | / |
| Spread | 1.1 pips (IRON account) |
| Trading Platform | NAGA Web Trader, NAGA iOS, NAGA Android, MetaTrader, Telegram Mini App |
| Copy Trading | ✅ |
| Minimum Deposit | $10 |
| Customer Support | Phone: +2484671946 |
| Email: support.sc@naga.com | |
| Regional Restrictions | Offers services to residents within the European Economic Area, excluding Belgium |
Νaga Markets Europe Ltd (short for “NAGA”), founded in 1996, is an old brokerage registered in Cyprus. The trading instruments it provides cover forex, cryptoX, shares, indices, ETFS, cryptocurrencies, commodities, futures, and real stocks. Besides, it provides 6 types of accounts and is regulated by CYSEC.

| Pros | Cons |
| Regulated by CYSEC | No live chat support |
| Multiple trading instruments | No Islamic trading account |
| Low minimum deposit of $10 | Demo accounts unavailable |
| Six types of trading accounts | Regional restrictions |
| No deposit/withdrawal fees | |
| Competitive spreads and low trading fees | |
| Metatrader platforms provided | |
| Copy trading available | |
| Various payment options |
NAGA is regulatedby the Cyprus Securities and Exchange Commission (CYSEC). Its license number is 204/13 and the current status is regulated.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| Cyprus | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Νaga Markets Europe Ltd | Market Maker (MM) | 204/13 |

NAGA offers traders the opportunity to trade over 4,000 tradable assets, including forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, and real stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| ETFs | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Bonds | ❌ |
| Options | ❌ |

NAGA offers 5 different types of accounts to traders, which are Iron, Bronze, Silver, Gold, Diamond, Crystal.
| Account Type | IRON | BRONZE | SILVER | GOLD | DIAMOND | CRYSTAL |
| Minimum Deposit | $10 | $1,000 | $3,000 | $17,500 | $40,000 | $90,000 |
| EUR/USD Spread | 1.1 pips | 1 pip | 0.6 pips | 0.5 pips | ||

NAGA's trading platforms are NAGA Web Trader, NAGA iOS, NAGA Android, and MetaTrader, which can be accessed via PC, Mac, iPhone and Android devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| NAGA platform | ✔ | Web, iOS, Android | / |
| MetaTrader 4 | ✔ | PC, Web, Mobile | Beginners |
| MetaTrader 5 | ✔ | PC, Web, Mobile | Experienced traders |

NAGA's copy trading offers an opportunity to automatically follow good traders and monitor the markets. It created NAGA Autocopy — a tool that lets their clients manage their portfolio without the need to constantly monitor the markets. It charges fees for copy trading.
| Account Type | IRON | BRONZE | SILVER | GOLD | DIAMOND | CRYSTAL |
| Copy Premium All instruments | Earn up to $0.12 per copied trade | Earn up to $0.15 per copied trade | Earn up to $0.18 per copied trade | Earn up to $0.22 per copied trade | Earn up to $0.27 per copied trade | Earn up to $0.32 per copied trade |
| Copy Premium FX PAIRS | Earn up to $0.50 per copied trade | Earn up to $0.60 per copied trade | Earn up to $0.70 per copied trade | Earn up to $0.80 per copied trade | Earn up to $0.90 per copied trade | Earn up to $1.00 per copied trade |
| Copy Premium Popular Assets | Earn up to $0.50 per copied trade | Earn up to $0.60 per copied trade | Earn up to $0.70 per copied trade | Earn up to $0.80 per copied trade | Earn up to $0.90 per copied trade | Earn up to $1.00 per copied trade |

Deposit
| Deposit Method | Minimum Deposit | Maximum Deposit | Deposit Fees | Processing Time |
| Visa | $10 | 35k per transaction | 0 | Instant |
| Mastercard | ||||
| Maestro | ||||
| Diners | ||||
| Discover | ||||
| Equals Money | Depends on the country of residency | 2-5 business days |

| Withdrawal Method | Minimum Withdrawal | Withdrawal Fee |
| VISA | Min. $10 or equivalent to account currency | 0 |
| MasterCard | ||
| Alternative Payment | ||
| BIDV | ||
| ACB | ||
| EMIXM BANK | ||
| DONGA BANK | ||
| SACOM BANK | ||
| TECHCOM BANK | ||
| VIETCOM BANK | ||
| VIETIN BANK | ||
| BANGKOK BANK | ||
| KASIKORN BANK | ||
| KRUNGTHAI BANK | ||
| KRUNGSRI | ||
| GOVERNMENT SAVINGS BANK | ||
| TMB | ||
| SCB | ||
| MAY BANK | ||
| CIMB BANK | ||
| HONG LEONG BANK | ||
| PUBLIC BANK | ||
| RHB | ||
| AM BANK GROUP | ||
| BCA | ||
| MANDIRI | ||
| BNI | ||
| BANK BRI | ||
| CIMB NIAGA |

NAGA, a Cyprus-based brokerage firm, received numerous trading allegations from users worldwide. These users have reported unfair deductions on winning trades, fund scams, and difficulties in accessing withdrawals. These negative NAGA reviews have become frequent on broker evaluation platforms such as WikiFX. In this article, we will look closely at the trading complaints while also keeping an eye on its regulatory status.
WikiFX
NAGA is a regulated broker offering advanced copy-trading tools and MT5, but recent severe user complaints regarding blocked withdrawals raise notable risk flags. Indian traders should exercise caution and verify account terms thoroughly before depositing large amounts.
WikiFX
Verified Naga regulation details show CySEC and FSA oversight. Learn about the regulation Naga follows to ensure a secure NAGA Forex login and trading experience.
WikiFX
The firm plans to separately report its financials of three divisions from next quarter.
WikiFX
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