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NAGA -

Score

5.98 /10
Average

NAGA

Cyprus

5-10 years

Regulated in Cyprus

Market Maker (MM)

MT4 Full License

Regional Brokers

High potential risk

https://naga.com

Influence

A

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Comparison

Quantity 10

Exposure

Open Account
Website

Score

Regulatory Index6.02

Business Index7.07

Risk Management Index0.00

Software Index9.66

License Index6.02

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

NAGA Group AG

Company Abbreviation

NAGA

Platform registered country and region

Cyprus

Company website

X

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Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2025-05-30
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Great

NAGA

Cyprus

WikiFX Verification

Exposure

10 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Scam

I should have profited but the other order was traded automatically. It sucks

2020-12-10 22:01
Scam

What a fraud

The amount of $ 1000 was transferred from me. I told him that I did not know anything and they sent me signals to operate. It turns out that all my money disappear from his interface and as expected, no one responds for this.

2021-11-24 06:10
Unable to Withdraw

Unable to withdraw

The transaction amount should reach ten times to withdraw funds!!!! Or I should recharge over $19,000 to become a platinum member. If I do so, I can just reach three times of my account balance. I realized I was cheated

2021-06-11 11:58
Scam

Open an order without a source

On 27 Jun 2022 I traded the ethusd pair, but at 16.40 System was opened repeatly 5 orders buy NAS100 without my order and auto trade . Made me lose almost remaining money.

2022-06-28 06:08
Resolved

Why can't the withdrawal exceed the deposit amount?

Solve my problem as soon as possible!Why can't the withdrawal exceed the deposit amount?

2020-12-05 05:06
Scam

Got cheated on prizes for both ipad and notebook. Broker doesn't give it.

I have participated in the event, and accumulated lots in June and July 2021, and I can do everything and trade according to conditions. The broker announced the winners, both ipads and notebooks with my name on them. The Naga employee said the reward will be delivered to your home. I waited until the end of August. Then, I asked the Naga staff for the reward and received the reply that the prize was delivered from the German headquarters. So I waited another 2 weeks to receive it. There are repeated requests within this period. Several times a month here, officials deflect their words. Taking responsibility between the office in Thailand and the head office and even I sent an email to the CEO in Germany. Quiet story. January 65 NAGA Announces Awards Cessation

2022-02-23 15:18
Unable to Withdraw

Withdrawal problems.

A client has complained that Naga keeps asking for various documents whenever one tries to withdraw and they dont respond to emails for weeks. Withdrawal is very difficult for a person when his/her money is with this broker.

2021-07-18 19:07
Unable to Withdraw

Lots of complaints.

A client has claimed Naga delays withdrawal and charges much higher fees on withdrawal compared to other brokers. Many other clients have also complained about the withdrawal problems they faced with this broker.

2021-07-06 17:29
Unable to Withdraw

Trash platform, unable to withdraw money

Trash platform, unable to withdraw money. Customer service will always only say "checking"

2022-02-07 12:02
Others

Deposited money and not credited to trading account and break the port

On Jan. 21, 65, my port started to have problems. There was only a few left so I deposit the money to port. After deposit, the system deducted 20000 from the bank account, but the money did not entre the investment. Depositing money at 1:21 in the morning, the money cannot transfer in. I contacted the staff and they said that they will check it quickly, and I wait until 8:00 in the morning when the port was broken, and the money just arrived. As a result, the money just entered is not left to contact the staff to be held accountable, and they are silent *recommended friends do not use this service to cheat. I got hit by a bro for NAGA cheating not giving rewards it's an iPad and a laptop. Even when all pending orders are closed, the withdrawal will be made and its use will be stopped, and then there will be an event that the deposit cannot support the port. until the port is cleared again

2022-02-23 15:40
    NAGA · Company summary
    NAGA Review Summary
    Founded1996
    Registered Country/RegionCyprus
    RegulationCYSEC
    Market Instruments4,000+, forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, real stocks
    Demo Account❌
    Account TypeIron, Bronze, Silver, Gold, Diamond, Crystal
    Leverage/
    Spread1.1 pips (IRON account)
    Trading PlatformNAGA Web Trader, NAGA iOS, NAGA Android, MetaTrader, Telegram Mini App
    Copy Trading✅
    Minimum Deposit$10
    Customer SupportPhone: +2484671946
    Email: support.sc@naga.com
    Regional RestrictionsOffers 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.

    NAGA Information

    Pros and Cons

    ProsCons
    Regulated by CYSECNo live chat support
    Multiple trading instrumentsNo Islamic trading account
    Low minimum deposit of $10Demo accounts unavailable
    Six types of trading accountsRegional 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 CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
    CyprusCyprus Securities and Exchange Commission (CySEC)RegulatedΝaga Markets Europe LtdMarket Maker (MM)204/13
    license

    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 InstrumentsSupported
    Forex✔
    Shares✔
    Indices✔
    ETFs✔
    Cryptocurrencies✔
    Commodities✔
    Futures✔
    Bonds❌
    Options❌
    products

    Account Type & Spreads

    NAGA offers 5 different types of accounts to traders, which are Iron, Bronze, Silver, Gold, Diamond, Crystal.

    Account TypeIRONBRONZESILVERGOLDDIAMONDCRYSTAL
    Minimum Deposit$10$1,000$3,000$17,500$40,000$90,000
    EUR/USD Spread1.1 pips1 pip0.6 pips0.5 pips
    Account Types

    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 PlatformSupportedAvailable DevicesSuitable for
    NAGA platform✔Web, iOS, Android/
    MetaTrader 4✔PC, Web, MobileBeginners
    MetaTrader 5✔PC, Web, MobileExperienced traders
    Trading Platform

    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 TypeIRONBRONZESILVERGOLDDIAMONDCRYSTAL
    Copy Premium All instrumentsEarn up to $0.12 per copied tradeEarn up to $0.15 per copied tradeEarn up to $0.18 per copied tradeEarn up to $0.22 per copied tradeEarn up to $0.27 per copied tradeEarn up to $0.32 per copied trade
    Copy Premium FX PAIRSEarn up to $0.50 per copied tradeEarn up to $0.60 per copied tradeEarn up to $0.70 per copied tradeEarn up to $0.80 per copied tradeEarn up to $0.90 per copied tradeEarn up to $1.00 per copied trade
    Copy Premium Popular AssetsEarn up to $0.50 per copied tradeEarn up to $0.60 per copied tradeEarn up to $0.70 per copied tradeEarn up to $0.80 per copied tradeEarn up to $0.90 per copied tradeEarn up to $1.00 per copied trade
    Copy Trading

    Deposit and Withdrawal

    Deposit

    Deposit MethodMinimum DepositMaximum DepositDeposit FeesProcessing Time
    Visa$1035k per transaction0Instant
    Mastercard
    Maestro
    Diners
    Discover
    Equals MoneyDepends on the country of residency2-5 business days
    Deposit and Withdrawal

    Withdrawal

    Withdrawal MethodMinimum Withdrawal Withdrawal Fee
    VISAMin. $10 or equivalent to account currency0
    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
    Deposit and Withdrawal

    News

    NewsNAGA Sees 63% Revenue Jump in Q1 2022, Gains Estonia License

    The firm plans to separately report its financials of three divisions from next quarter.

    WikiFX
    2022-04-26 10:20
    NAGA Sees 63% Revenue Jump in Q1 2022, Gains Estonia License

    NewsNAGA to Launch Crypto Exchange in March, January Revenue Hits Record

    Hamburg-headquartered NAGA Group AG (XETRA: N4G) is taking another major leap into the crypto industry and is set to launch its cryptocurrency exchange on March 7, 2022.

    WikiFX
    2022-02-16 16:38
    NAGA to Launch Crypto Exchange in March, January Revenue Hits Record

    NewsNAGA to Launch Crypto Exchange in March, January Revenue Hits Record

    It will launch an NFT platform. Brokerage revenue for last month came in at €8 million.

    WikiFX
    2022-02-16 15:38
    NAGA to Launch Crypto Exchange in March, January Revenue Hits Record

    NewsNAGA Secures Another €34 Million as Growth Capital

    The company will use the funds in financing global growth and enhanced marketing measures.

    WikiFX
    2021-11-22 12:00
    NAGA Secures Another €34 Million as Growth Capital
    About More

    User Reviews

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    User comment

    153

    Comments

    Write a review

    BenediktMeier
    3-6months
    I can say that NAGA offers a solid trading experience, It is truly a NEXT LEVEL trading platform! But I do experience delays that should be improved for smoother trades.
    I can say that NAGA offers a solid trading experience, It is truly a NEXT LEVEL trading platform! But I do experience delays that should be improved for smoother trades.
    Translate to English
    2025-01-26 18:54
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    markus fischer
    3-6months
    Silver account is for just $3k instead of $5k - bargain!
    Silver account is for just $3k instead of $5k - bargain!
    Translate to English
    2025-01-23 21:02
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