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NAGA -

Score

6.56 /10
Average

NAGA

Germany

10-15 years

Regulated in Cyprus

Market Making(MM)

Suspicious Scope of Business

Medium potential risk

https://nagatrader.com/

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Score

Regulatory Index6.02

Business Index8.23

Risk Management Index8.90

Software Index5.42

License Index6.02

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Licenses

VPS Standard
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Broker Information

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Company Name

NAGA Group AG

Company Abbreviation

NAGA

Platform registered country and region

Germany

Company website

Company summary

Pyramid scheme complaint

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1 pieces of exposure in total
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NAGA · Company summary
NAGA Review Summary
Founded2017
Registered Country/AreaGermany
RegulationCySEC (Regulated)
Market Instruments1000+ assets, Forex, Stocks, Indices, Real Stocks, Commodities, ETFs, Futures
Demo Account✅ (€10,000 demo funds)
LeverageUp to 1:30 (NAGA Markets Europe Ltd)
Up to 1:1000 (NAGA Global LLC)
EUR/USD Spread1.7 pips (Iron account)
Trading PlatformMT4, MT5, NAGA App
Copy Trading✅
Min Deposit$250
Customer Support/
Restricted RegionsAvailable for the European Economic Area and Switzerland, excluding Belgium

Overview of NAGA

NAGA Group AG is a Germany-based company that operates in the financial market, specifically in the field of Market Making (MM). It has been regulated by the Cyprus Securities and Exchange Commission (CySEC) since June 2013, with the license number 204/13.

NAGA offers trading on Forex, Stocks, Indices, Real Stocks, Commodities, ETFs, and Futures with leverage up to 1:30/1:1000 and spread from 1.7 pips on the most basic account. Demo accounts are available and the minimum deposit requirement to open a live account is $250. MT4, MT5, and NAGA App, as well as copy trading are all supported.

NAGA's homepage

Pros & Cons

ProsCons
Regulated by CySECWide spread on the most basic account
Various trading marketsHigh minimum deposit
Demo accountsWithdrawal fee charged
Multiple trading platforms (MT4, MT5, NAGA App)No contact channels
Copy tradingRegional restrictions
Popular payment options
No deposit fee

Is NAGA Legit?

NAGA, specifically Naga Markets Europe Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC). It holds a license (No. 204/13) for Market Making (MM) activities. The company has been effectively regulated since June 20, 2013. The regulatory oversight provided by CySEC indicates that NAGA operates within the established guidelines and standards to protect the interests of investors and maintain market integrity.

regulation

Market Instruments

NAGA claims to offer 1000+ trading assets, including Forex, Stocks, Indices, Real Stocks, Commodities, ETFs, and Futures.

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Stocks✔
Real Stocks✔
ETFs✔
Futures✔
Cryptocurrencies❌
Bonds❌
Options❌
market-instruments

Account Type

NAGA offers 6 live accounts, namely Iron, Bronze, Silver, Gold, Diamond, and Crystal. You can find the minimum deposit requirement for all account types in the table below:

Account TypeMin Deposit
Iron$250
Bronze$2,500
Silver$5,000
Gold$25,000
Diamond$50,000
Crystal$100,000

Besides, the Demo account offered by NAGA provides users with access to a simulated trading environment where they can practice and familiarize themselves with the platform. Upon registration, users receive $10,000 in test funds to explore and test different trading strategies without using real money.

account-types

Leverage

For NAGA Markets Europe Ltd, the leverage is set at 1:30 due to the imposed limits by CySEC.

On the other hand, NAGA Global LLC provides a higher leverage of 1:1000.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

Account TypeEUR/USD Spread
Iron1.7 pips
Bronze1.7 pips
Silver1.2 pips
Gold0.9 pips
Diamond0.7 pips
Crystal0.7 pips

Trading Platform

Trading PlatformSupported Available DevicesSuitable for
MT4✔Desktop, mobileBeginners
MT5✔Desktop, mobileExperienced traders
NAGA App✔Web, mobile (iOS & Android)/
trading-platform

Deposit & Withdrawal

Deposit

Deposit MethodMin DepositMax DepositDeposit FeeDeposit Time
Visa/Visa Electron$250Depends on the currency of residency❌Instant
MasterCard
Maestro
Diners10k per card per day10 miniutes
Discover
deposit-withdrawal

Withdrawal

Withdrawal MethodMin WithdrawalWithdrawal Fee
Visa50 EUR/USD/GBP/PLN depending on the currency of the account0-5$/€ based on your VIP level
Visa Electron
MasterCard
Maestro
Diners
Discover
Account TypeWithdrawal Fee
Iron$5
Bronze$4
Silver$3
Gold$2
Diamond$1
Crystal$0
deposit-withdrawal

News

NewsNaga Group Appoints Mike Tyson as its Brand Ambassador

NAGA collaborated with boxer Mike Tyson for its campaign "NAGA: Your Go-To App for Everything Money." Mike Tyson filmed a promotional video with the broker.

WikiFX
2024-11-08 13:57
Naga Group Appoints Mike Tyson as its Brand Ambassador

NewsNAGA Sponsored Theatrical Play, "Echoes of Her"

NAGA supported "Echoes of Her," an intense theatrical play taking place from October 11 to 13, 2024. Honoring the 50th anniversary of Turkey's invasion of Cyprus in 1974. This drama sheds light on the neglected stories of Cypriot women.

WikiFX
2024-10-15 18:50
NAGA Sponsored Theatrical Play, "Echoes of Her"
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FX1482523789
more than one year
I've been trading on NAGA and honestly, it's quite reliable. Being regulated and part of a listed company gives it credibility. The social trading feature is a standout; you can mimic other traders' moves, which is cool but risky—choose wisely who you copy!
I've been trading on NAGA and honestly, it's quite reliable. Being regulated and part of a listed company gives it credibility. The social trading feature is a standout; you can mimic other traders' moves, which is cool but risky—choose wisely who you copy!
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2024-06-04 14:13
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ING
more than one year
Trading with NAGA has been an enriching experience. Their wide asset selection, autocopy feature, and thorough onboarding process really stand out.
Trading with NAGA has been an enriching experience. Their wide asset selection, autocopy feature, and thorough onboarding process really stand out.
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2024-04-19 11:42
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