NAGA Review 2024 Popular social investing and trading platform

Forex Trading

In general, NAGA FX broker offers numerous methods from deposits and clients can have access to a wide ranger of possibilities. Deposits are instantaneous and the minimum amount required is $250. As for maximum deposits, there are no specific restrictions and everything depends on your location. Transactions are highly secure and follow standard protocols that ensure the safety of deposits. However, market operating hours will depend on the specific asset. The test account is made available by default once you sign up to NAGA and comes with $10,000 in virtual cash.

How to open an account

I have always received excellent support from them over the years we have been communicating. You can also provide your own signals for other traders to copy. NAGA allows users to receive instant copy trading pay outs to their account by offering their trading signals to be copied by other users. They have a great selection of copy trading features and social trading tools. The NAGA mobile app impressed me with its user-friendly design and comprehensive functionality. It stands out for its social trading features and seamless transition from the desktop platform.

Copy Trading

Like, I don’t really favor gap in minimum deposit among accounts. If a couple of ones are affordable for various traders, then such ones as Gold account are unreachable. Still, the biggest part of trading conditions are cool for me. I have tried copying trades of others, manual trading using multiple assets, and surely I tried investing into real equities. For those who want to amplify results and diversify risks, this feature is indispensable.

Educational resources

  1. The firm offers an all-in-one web platform and mobile app, but traders can also synchronize their NAGA accounts with the MT4 or MT5 platforms.
  2. They also have competitive fees with variable spreads and zero commission on selected assets.
  3. There are several languages available for contacting and customers from different locations can access the information they need in their native language.
  4. We do not provide financial advice, offer or make solicitation of any investments.
  5. The NAGA website doesn’t say anything about an iPhone app, though the Android app has a 3.9– star rating on Google.

You can add friends for direct messaging, create group chats and join themed public channels that are managed by experts. When we talk about Forex brokers, the license plays a pivotal role, as it is a document that ensures the legitimacy of the brand. NAGA is a brand owned by NAGA Markets Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission as a Cyprus investment firm.

Is NAGA Trading Legit?

Both variants are very much hands-on and trading-focused, with an extensive array of tools and charts. Unlike the standard 4th decimal place rule, NAGA rounds up their pips up or down to the 5th decimal to secure a better price for clients from NAGA’s liquidity providers. This tool can be a good solution for those who do not have the time naga broker or knowledge to trade themselves. However, there are no guarantees on how well the signals will perform and past performance should not be seen as an indication of future results. The group also includes NAGA Global (CY) Ltd, with registered address at Nikokreontos 2, NICE DREAM, 6th floor, Flat/Office 601, 1066, Nicosia, Cyprus.

Users can copy trades from experienced investors across more than 1000 assets. The social trading broker offers MT4 and MT5 plus its web-based terminal that comes with a long list of features. Strong regulatory oversight from the CySEC and BaFin also adds to its trust rating. The only major drawback is the relatively high minimum deposit at $250. is our favorite broker for trading beginners and a tough competitor for NAVA. Founded in 2002, the broker offers generally slightly lower fees and spreads in our experience.

NAGA is a German social investing platform offering copy trading on 950+ financial markets including CFDs and real stocks. Founded in 2015, the company is publicly listed on the Frankfurt Stock Exchange and is regulated by CySEC (Cyprus) and the FSA (Seychelles). The firm offers an all-in-one web platform and mobile app, but traders can also synchronize their NAGA accounts with the MT4 or MT5 platforms. NAGA provides the best technology, resources, and assistance that every trader needs to make trading decisions.

You can trade over 500 instruments in a web platform that’s both advanced and user-friendly. Plus, you get access to NAGA’s social trading features, a NAGA-branded MasterCard. You can trade in cryptos and store coins in a secure NAGAX wallet.

The integration of social trading features, where I could observe and learn from the trades of more experienced users, added an extra layer of depth to my trading experience. NAGA is a regulated social trading platform that allows clients of all levels to share and copy strategies on 1000+ assets including CFDs on forex, stocks and cryptos. Investors can use the broker’s proprietary copy trading platform or connect to the financial markets using the established MT4 and MT5. Some omissions from the broker exists here and it would be too laudatory to praise the broker for everything.

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