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

NAGA Spreads, leverage, minimum deposit Revealed

WikiFX | 2026-04-20 22:59

Abstract:  NAGA is a regulated broker, offering trading on forex, shares, indices, ETFs, cryptos, commodities and futures with EUR/USD spread from 1.1 pips on NAGA, MT4 and MT5 trading platforms. The minimum deposit requirement is $10.

NAGA Review Summary
Founded1996
Registered Country/RegionCyprus
RegulationCYSEC
Market InstrumentsForex, shares, indices, ETFs, cryptos, commodities, futures
Demo Account❌
Leverage/
EUR/USD SpreadFrom 1.1 pips (IRON account)
Trading PlatformNAGA, MT4, MT5
Social Trading✅
Minimum Deposit$10
Customer Support24/5 live chat
Tel: +35725041410+35725041384
Email: support@naga.com
Social media: Facebook, Instagram, YouTube, LinkedIn
Regional RestrictionsThe European Economic Area, excluding Belgium clients are not allowed

NAGA Information

  NAGA is a regulated broker, offering trading on forex, shares, indices, ETFs, cryptos, commodities and futures with EUR/USD spread from 1.1 pips on NAGA, MT4 and MT5 trading platforms. The minimum deposit requirement is $10.

NAGA Information

Pros and Cons

Pros Cons
Regulated wellNo leverage information
Various contact channelsNo demo accounts
MT4 and MT5 platformsRegional restrictions
Low minimum deposit requirement
Various account types
Popular payment options
Social trading offered

Is NAGA Legit?

  Yes. NAGA is licensed by CYSEC to offer services.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
Cyprus Securities and Exchange Commission (CySEC)RegulatedΝaga Markets Europe LtdMarket Maker (MM)204/13
NAGA license

What Can I Trade on NAGA?

  NAGA offers trading on forex, shares, indices, ETFs, cryptos, commodities and futures.

Tradable Instruments Supported
Forex✔
Shares ✔
Indices ✔
ETFs✔
Cryptos✔
Commodities✔
Futures ✔
Bonds❌
Options❌
NAGA products

Account Type

  Here are six account types NAGA offers:

Account TypeMinimum Deposit
IRON$10
BRONZE$1,000
SILVER $3,000
GOLD $17,500
DIAMOND$40,000
CRYSTAL$90,000
Account Type

NAGA Fees

Account TypeEUR/USD Spread
IRONStandard - 1.1 pips
BRONZE
SILVERSilver - 1 pip
GOLDGold - 0.6 pips
DIAMONDDiamond - 0.5 pips
CRYSTALVIP - 0.5 pips
Trading InstrumentsCommission
CFDs on forex 0
Crypto CFDs
CFDs on indices
CFDs on stocks 2.50 EUR
Real stocks 3
CFDs on commodities 0
CFDs on futures
CFDs on ETFs0.1%
NAGA Fees
NAGA Fees
NAGA Fees
NAGA Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
NAGA✔Web, IOS, Android/
MT4✔Web, mobileBeginners
MT5✔Web, mobileExperienced traders
Trading Platform
Trading Platform
Trading Platform
Trading Platform

Deposit and Withdrawal

  NAGA accepts payments via credit/debit cards, wire transfer, alternative payment methods and direct bank transfer.

  Deposit Options

Deposit OptionsMinimum DepositDeposit FeesDeposit Time
Visa$500Instant
Mastercard
Maestro
Diners~ 10 minutes
Discover
Eurobank2-5 business days
Astrobank
Equals Money
PayPal, P24, Ideal, Eps, Giropay, Skrill, Neteller, Sofort, NeoSurf, PaySafeCard, Euteller, Multibanco, MY BANKInstant
Alphabank2-5 business days
Direct Bank Transfer1-2 business days

  Withdrawal Options

Withdrawal OptionsMinimum WithdrawalWithdrawal Fees
VISAMin. $50 or equivalent to account currency0
VISA Electron
MasterCard
Maestro
NETELLER
SKRILL
GiroPay
Klarna
EPS
Przelewy24
Eurobank
KB
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

Related broker

Regulated
NAGA
Company name:NAGA Markets Europe LTD
Score
6.57
Website:https://nagamarkets.com/
10-15 years | Regulated in Cyprus | Market Making License (MM) | Suspicious Operational Region
Score
6.57

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