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 |
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