NAGA

NAGA | 2024-11-29 13:45

摘要：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)
Leverage	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