NAGA is an innovative online broker that provides a social investment network where traders can like, share, and copy investments on over 500 trading instruments including forex, commodities, cryptocurrency, stocks, indices, metals, energies, and ETFs. There are over 500,000 accounts on the NAGA network, which was founded in 2015 with the mission to make investing simple and empower traders to gain fast and easy access to the global markets. The large NAGA community helps beginner traders to improve their trading knowledge while rewarding experienced traders for sharing theirs
NAGA Review Introduction
In this NAGA review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including NAGA.
NAGA Platforms & Tools
NAGA offers a social trading network where experienced traders can share their trading experiences and beginner traders can learn and copy from successful traders. With the platform, users can browse the community, view profiles, look for signals, access over 500 assets, study charts, conduct analysis, and more.
The platform shows the trading statistics — result percentages, number of auto-copiers, and other performance indicators — of each user on the person’s profile page. Users can monitor upcoming trading objectives and review achieved goals and rewards in the achievement tab. Other features of the platform include news feed, comment, and share posts, copy or provide signals, and direct messaging.
Additionally, the broker provides some useful tools, such as the CBYO AI trading assistant, NAGA Portfolios, Charting Tools, Market Sentiment, NAGA Protector, Integrated Watchlist, and NAGA Wallet.
NAGA Research & Education
The broker provides some useful educational materials to help traders improve their trading knowledge and market analysis skills. Some of the research and educational resources include daily trading webinars and an economic calendar.
NAGA Trading Accounts
NAGA offers one account type for all retail traders with leverage of up to 1:30, depending on the asset traded. The account gives you access to the NAGA platform and community with all the features and trading instruments. Accounts can be opened in different currencies, including cryptocurrencies. You can also use the platform in guest mode to have a feel for it before opening a real account.
Those who qualify as professional traders can apply for a professional account with increased leverage of up to 1:200.
NAGA Account Funding
The broker accepts a variety of convenient methods for account funding and withdrawals, and they include wire transfer, credit/debit card, Neteller, Skrill, GiroPay, Klarna, and Przelewy24. The minimum deposit is 30 EUR/USD/GBP/PLN, while the minimum withdrawal is 50 EUR/USD/GBP/PLN. Transaction fees vary with the method used.
NAGA Customer Service
NAGA provides a 24/5 customer support team to help traders with general and technical questions, and they can be reached via online chat, phone, and email.
NAGA is the brokerage name of Naga Markets Ltd, which is a Cyprus-based investment firm and a member of The NAGA Group AG, a German-based FinTech company that is publically listed on the Frankfurt Stock Exchange. Naga Markets Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 204/13. Being an EU-based financial firm, the broker complies with EU’s MiFID rules.
NAGA Review Summary
NAGA is a social trading network with a modern and user-friendly platform that is suitable for all levels of traders. It features copy trading, automated investments with CBYO, personalized portfolios, advanced charting tools, NAGA wallet, and more.
It is worth mentioning that some of the trading products and services in this NAGA review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the NAGA broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.