NAGA Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-28 15:06

Abstract：　　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.

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
Customer Support	Email: support.sc@naga.com
Regional Restrictions	Offers services to residents within the European Economic Area, excluding Belgium

NAGA Information

　　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 and Cons

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

Is NAGA Legit?

　　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

What Can I Trade on NAGA?

　　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	❌

Account Type & Spreads

　　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

Trading Platform

　　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

Copy Trading

　　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 and Withdrawal

　　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

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