NAGA
abstrak：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 Review Summary | |
| Founded | 2017 |
| Registered Country/Area | Germany |
| Regulation | CySEC (Regulated) |
| Market Instruments | 1000+ assets, Forex, Stocks, Indices, Real Stocks, Commodities, ETFs, Futures |
| Demo Account | ✅ (€10,000 demo funds) |
| Leverage | Up to 1:30 (NAGA Markets Europe Ltd) |
| Up to 1:1000 (NAGA Global LLC) | |
| EUR/USD Spread | 1.7 pips (Iron account) |
| Trading Platform | MT4, MT5, NAGA App |
| Copy Trading | ✅ |
| Min Deposit | $250 |
| Customer Support | / |
| Restricted Regions | Available 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.
Pros & Cons
| Pros | Cons |
| Regulated by CySEC | Wide spread on the most basic account |
| Various trading markets | High minimum deposit |
| Demo accounts | Withdrawal fee charged |
| Multiple trading platforms (MT4, MT5, NAGA App) | No contact channels |
| Copy trading | Regional 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.
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 | ❌ |
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 Type | Min 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.
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 Type | EUR/USD Spread |
| Iron | 1.7 pips |
| Bronze | 1.7 pips |
| Silver | 1.2 pips |
| Gold | 0.9 pips |
| Diamond | 0.7 pips |
| Crystal | 0.7 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, mobile | Beginners |
| MT5 | ✔ | Desktop, mobile | Experienced traders |
| NAGA App | ✔ | Web, mobile (iOS & Android) | / |
Deposit & Withdrawal
Deposit
| Deposit Method | Min Deposit | Max Deposit | Deposit Fee | Deposit Time |
| Visa/Visa Electron | $250 | Depends on the currency of residency | ❌ | Instant |
| MasterCard | ||||
| Maestro | ||||
| Diners | 10k per card per day | 10 miniutes | ||
| Discover |
Withdrawal
| Withdrawal Method | Min Withdrawal | Withdrawal Fee |
| Visa | 50 EUR/USD/GBP/PLN depending on the currency of the account | 0-5$/€ based on your VIP level |
| Visa Electron | ||
| MasterCard | ||
| Maestro | ||
| Diners | ||
| Discover |
| Account Type | Withdrawal Fee |
| Iron | $5 |
| Bronze | $4 |
| Silver | $3 |
| Gold | $2 |
| Diamond | $1 |
| Crystal | $0 |
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