NAGA
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 |
| 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 |
Read more
Seaprimecapitals Withdrawal Problems: A Complete Guide to Risks and User Experiences
Worries about Seaprimecapitals withdrawal problems and possible Seaprimecapitals withdrawal delay are important for any trader. Being able to get your money quickly and reliably is the foundation of trust between a trader and their broker. When questions come up about this basic process, it's important to look into what's causing them. This guide will tackle these concerns head-on, giving you a clear, fact-based look at Seaprimecapitals' withdrawal processes, user experiences, and trading conditions. Most importantly, we'll connect these real-world issues to the single most important factor behind them: whether the broker is properly regulated. Understanding this connection is key to figuring out the real risk to your capital and making a smart decision.
iFX Brokers Review: Do Traders Face Withdrawal Issues, Deposit Credit Failures & Free Coupon Mess?
Have you had to pay several fees at iFX Brokers? Had your trading profit been transferred to a scamming website, causing you losses? Failed to receive withdrawals from your iFX Brokers trading account? Has your deposit failed to reflect in your trading account? Got deceived in the name of a free coupon? Did the broker officials not help you in resolving your queries? Your problems resonate with many of your fellow traders at iFX Brokers. In this iFX Brokers review article, we have explained these problems and attached traders’ screenshots. Read on!
NinjaTrader Exposed: Why Traders are Calling Out NinjaTrader’s Lifetime Plan & Chart Data
Did NinjaTrader onboard you in the name of the Lifetime Plan, but its ordinary customer service left you in a poor trading state? Do you witness price chart-related discrepancies on the NinjaTrader app? Did you have to go through numerous identity and address proof checks for account approval? These problems occupy much of the NinjaTrader review online. In this article, we have discussed these through complaint screenshots. Take a look!
Questrade Review Pros, Cons and Regulation
Is Questrade legit? Yes—CIRO regulated broker offering stocks, ETFs, forex, CFDs, bonds, and more with low fees and modern platforms.
WikiFX Broker
Latest News
Axi Review: A Data-Driven Analysis for Experienced Traders
WikiFXINZO Regulation and Risk Assessment: A Data-Driven Analysis for Traders
WikiFXPepperstone CEO: “Taking Down Scam Sites Almost Every Day” Becomes “Depressing Daily Business”
WikiFXThe CMIA Capital Partners Scam That Cost a Remisier Almost Half a Million
WikiFXIs Seaprimecapitals Regulated? A Complete Look at Its Safety and How It Works
WikiFXeToro Cash ISA Launch Shakes UK Savings Market
WikiFXCleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
WikiFXDelayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
WikiFXClose Up With WikiFX —— Take A Close Look At Amillex
WikiFXGGCC Bonus and Promotions: A Data-Driven Analysis for Experienced Traders
WikiFXRate Calc
