NAGA Review - Is This Broker Legit and Safe? - WikiFX

WikiFX | 2025-04-30 16:28

Abstract：NAGA is an unregulated trading platform, offering 4,000 assets with free demo accounts and low minimum deposit of just $10.

NAGA Review Summary
Founded	2017
Registered Country/Region	Germany
Regulation	No regulation
Market Instruments	Stocks, Forex, indices, shares, commodities, ETFs, bonds and cryptos
Demo Account	✅
Leverage	/
EUR/USD Spread	From 0.5 pips
Trading Platforms	Web Trader, Mobile App
Copy Trading	✅
Minimum Deposit	$10
Customer Support	24/5 support
	Live chat
	Phone: +2484671946, +35725041412
	Email: support.sc@naga.com
	Facebook, Instagram, Twitter, LinkedIn

NAGA, founded in 2017 and registered in Germany, is an unregulated trading platform. NAGA offers various market instruments, including over 4,000 assets such as stocks, Forex, indices, shares, commodities, ETFs, bonds, and cryptocurrencies. It provides a demo account and a low minimum deposit of just $10. NAGA supports multiple trading platforms, including Web Trader, Mobile App, MT4, and MT5. Moreover, it also provides copy-trading. However, there are regional restrictions on certain countries.

Pros and Cons

Pros	Cons
Demo accounts available	No regulation
A wide range of products	Regional restrictions
Diverse account types
Multiple customer support channels
Low minimum deposit
MT4 & MT5 platform

Is NAGA Legit?

Currently, NAGA has no valid regulation. Its domain was registered on July 4, 2017, has multiple prohibitions in place (delete, renew, transfer, update). Please be aware of the risks!

What Can I Trade on NAGA?

On NAGA, you can trade with 4,000+ assets including CFDs onstocks, Forex, indices, shares, commodities, ETFs, bonds and cryptos.

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Shares	✔
Cryptocurrencies	✔
Bonds	✔
ETFs	✔
Options	❌
Mutual Funds	❌

Account Type

NAGA provides Iron, Bronze, Silver, Gold, Diamond, and Crystal accounts. The minimum deposit requirement among them is $10 for the Iron account.

Account Type	Iron	Bronze	Silver	Gold	Diamond	Crystal
Account Value	$10	$1,000	$3,000	$17,500	$40,000	$90,000
Copy Premium All instruments	$0.12 per copied trade	$0.15 per copied trade	$0.18 per copied trade	$0.22 per copied trade	$0.27 per copied trade	$0.32 per copied trade
Copy Premium FX PAIRS	$0.50 per copied trade	$0.60 per copied trade	$0.70 per copied trade	$0.80 per copied trade	$0.90 per copied trade	$1.00 per copied trade
Copy Premium Popular Assets	$0.50 per copied trade	$0.60 per copied trade	$0.70 per copied trade	$0.80 per copied trade	$0.90 per copied trade	$1.00 per copied trade

Spreads and Commissions

Account Type	Spread Type	EUR/USD Spread
Iron	Standard Spreads	1.1 pips
Bronze	Standard Spreads	1.1 pips
Silver	Silver Spreads	1 pip
Gold	Gold Spreads	0.6 pips
Diamond	Diamond Spreads	0.5 pips
Crystal	VIP Spreads	0.5 pips

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	App Store, Google Play, Windows, MacOS	Beginners
MT5	✔	App Store, Google Play, Windows, MacOS	Experienced traders
NAGA Trader	✔	Web, IOS, Android	/
Telegram Mini App	✔	IOS, Android	/

Copy Trading

NAGA offers copy trading, by which users can automatically replicate the trades of other traders in real-time using their Autocopy feature. Once a trader is selected and Autocopy is activated, the platform mirrors the chosen trader's transactions within the user's own trading account.

Deposit and Withdrawal

Deposit Options	Minimum Deposit	Deposit Fees	Deposit Processing Time
Visa, Mastercard, Maestro, Diners, Discover	$10	❌	Instant
Equals Money	$10	❌	2-5 business days

Withdrawal Options	Minimum Withdrawal	Withdrawal Fees	Withdrawal Processing Time
VISA, MasterCard, Alternative Payment, BIDV, ACB, EMIXM BANK, etc.	$10 or equivalent to account currency	❌	/