AvaTrade vs FxPro vs NAGA - Fees Review included
| Feature | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Overall |
4.6 |
4.6 |
4.2 |
4.7 |
5 |
4.1 |
|
4.4 |
3.9 |
4.4 |
|
4.4 |
4.6 |
4.5 |
|
Investment Instruments |
4.2 |
4.9 |
4.9 |
Platforms and Charting Tools |
4.6 |
4.2 |
4.4 |
Deposit and Withdrawal |
4.7 |
4.5 |
2.9 |
Research |
4.4 |
4.7 |
3.1 |
Education |
4.8 |
4.6 |
3.5 |
Support |
4.6 |
4.5 |
3.6 |
Bonuses |
3.9 |
2.5 |
4.1 |
|
|
|
|
AvaTrade vs FxPro vs NAGA: Pros and Cons
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
The NAGA broker (NAGA Group) has been providing services in the Forex currency market since 2015. NAGA is a member of a German financial holding company NAGA Group AG, that is in demand on the Frankfurt Stock Exchange. The company applies modern technologies and introduces innovative solutions to compete with traditional financial institutions represented by banks and intermediaries in the investment market.
| AvaTrade | FxPro | NAGA | |
|---|---|---|---|
| Overall Pros | Highly regulated broker, licenced on the territory of 5 continents | Regulated in EU and Great Britain | Wide range of trading instruments |
| a wide range of trading instruments | Big choice of ECN/STP accounts | The opportunity to get passive income using the social trading platform, PAMM, and MAM (Multi-Account Manager) accounts for investing and participating in affiliate programs | |
| Swap-free account | insurance of client funds | NAGA is registered with CySEC (Cyprus Securities and Exchange Commission) an authoritative European regulator | |
| Advanced copy trading tools | Strong research and education | Copy trading and PAMM services | |
| A lot of educational content | PAMM and Copy-trading for investors | ||
| Low fees | Personal offers for VIP-clients | ||
| Optioins trading | |||
| Overall Cons | customer service efficiency and response time | High spreads and fees | Limited choice of deposit and withdrawal methods |
| There is no ECN account | No forex bonuses | ||
| Market maker(dealing desk) type of broker |
AvaTrade vs FxPro vs NAGA: Safety and Regulation
| Regulated By: | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Tier-1 |
Investor protection |
€20,00 |
€20,000 |
€20,000 |
FCA UK Regulation |
No |
Yes |
Yes |
FINRA (U.S) |
No |
No |
No |
BaFin (Germany) |
No |
No |
No |
ASIC (Australia) |
Yes |
No |
No |
CFTC (U.S) |
No |
No |
No |
MAS |
No |
No |
No |
FSCA SA |
Yes |
Yes |
Yes |
BVI FSC |
Yes |
No |
No |
VFSC |
No |
No |
No |
FSA (Seychelles) |
No |
Yes |
Yes |
AvaTrade vs FxPro vs NAGA: Trading Conditions
| Trading Conditions | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Minimum Deposit |
$100 |
$100 |
$250 |
Trading Platforms |
MT4, MT5, AvaTradeGo, AvaOptions |
MT4, MT5, MultiTerminal |
МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App |
Max Leverage (Futures) |
1-400 |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
1-1000 |
Supported Markets |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Forex, stocks, cryptocurrency, indices, commodities, CFDs on stocks, precious metals, ETFs |
Trading assets |
100+ |
3000+ |
950+ |
Trading Accounts |
Standard, Professional account |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader |
Base Account Currencies |
EUR, USD |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
USD, EUR, GBP, PLN, NGC |
AvaTrade vs FxPro vs NAGA: Fees
| Fee | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,6 |
0,9 |
0,9 |
Standard acc. spread EUR/USD, max pips |
0,9 |
1,7 |
1,7 |
ECN Commission |
3 |
3 |
|
ECN Spread EUR/USD |
0,2 |
0,2 |
|
Deposit fee, % |
No |
No |
No |
Withdrawal fee, % |
No |
No |
No |
Withdrawal fee, USD |
No |
No |
No |
Inactivity fee, $ |
16,66 |
15 |
15 |
AvaTrade vs FxPro vs NAGA: Trading Assets
| Asset Name | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Overall |
1000+ |
3000+ trading assets |
950+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
No |
Yes |
Bonds |
Yes (CFD) |
No |
No |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
Yes |
No |
Yes |
Binary Options |
No |
No |
No |
AvaTrade or FxPro or NAGA: Investment Programs
| Asset Name | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Copy Trading |
Yes |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Yes |
Managed Accounts |
Yes |
No |
No |
Other |
Bonds |
No |
No |
Trading Platforms: AvaTrade or FxPro or NAGA
| AvaTrade | FxPro | NAGA | |
|---|---|---|---|
MT4 |
Yes |
Yes |
Yes |
MT5 |
Yes |
Yes |
Yes |
cTrader |
No |
No |
No |
Appropriate platform |
AvaTradeGo, AvaOptions |
FxPro |
Yes |
Others |
No |
No |
No |
|
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|
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AvaTrade vs FxPro vs NAGA: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Yes |
Neteller |
Yes |
Yes |
Yes |
BTC |
Yes |
No |
No |
Wise |
No |
No |
No |
Payoneer |
No |
No |
No |
USDT |
Yes |
No |
No |
AvaTrade vs FxPro vs NAGA: Research
| Research Type | AvaTrade | FxPro | NAGA |
|---|---|---|---|
News Feed |
Yes |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
No |
E-Mail Reports |
Yes |
Yes |
No |
AvaTrade vs FxPro vs NAGA: Education
| Education Type | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
Yes |
Yes |
Yes |
Articles |
Yes |
Yes |
Yes |
Videos |
Yes |
Yes |
Yes |
Cent account |
Yes |
No |
No |
AvaTrade vs FxPro vs NAGA: Support
| Support Features | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Working Days |
24/5 |
24/5 |
24/5 |
Yes |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Yes |
Online chat |
Yes |
Yes |
Yes |
Other |
No |
No |
No |
AvaTrade vs FxPro vs NAGA: Forex Bonuses and Promo
| Promo | AvaTrade | FxPro | NAGA |
|---|---|---|---|
Forex Bonus |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
Not offered |
Only available for signal providers |
Affiliate Program |
A trader can receive up to 400 US dollars for inviting friends. |
Up to $1.100 per client you introduce to FxPro |
No |
Other Promos |
Copy Bonus is a bonus that pays $0.10 to $0.30 to a trader whose transactions are copied through the social trading platform. The remuneration amount depends on the trading account type; A bonus for the provider of trading signals of $0. 1 for each copy. Select an asset, predict its price movement and place a signal in the NAGA signal history to get a reward. |
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Top 5 Reviews on AvaTrade
-
Comment
AvaTrade stands out from competitors due to its geographic range of regulation — the broker is licensed in Ireland, Australia, Japan, South Africa, and the UAE. Client funds are protected through segregated accounts. Customer support is available 24/7, but the platform’s user interface, especially the mobile version, needs updating. For beginners, educational resources are provided, including webinars and guides.
-
Comment
For passive investors, integration with DupliTrade — a trade-copying service — is available. Users can connect their accounts to the platform and follow strategies tested by other participants. The selection of signal providers is limited, but their data is transparent: performance, risk level, and number of followers are clearly shown. Access to the service is granted after opening an account with a minimum of $100.
-
Comment
Trading conditions at AvaTrade suit both conservative and active traders. Leverage up to 1:400 allows for scaling strategies, and the availability of swap-free accounts is beneficial for Islamic clients. The minimum lot is 0.01, which is convenient for cautious trades. However, customer support is not as fast as expected.
-
Comment
Among the 250+ available instruments, AvaTrade offers trading in currencies, cryptocurrencies, indices, metals, and stocks. The company is regulated by several authorities, including ASIC, FSA, FSCA, and the British Financial Services Commission. Support is available 24/7 and operates in 14 languages. On the downside, the web-based platform interface looks outdated and could use improvement.
-
Comment
I’ve used AvaTrade, and I really like its smooth interface and variety of trading options. The spreads are decent, and having multiple platforms like MT4 and AvaTradeGO makes it flexible. I also appreciate the strong regulations, which add a sense of security. The only downside I noticed is that withdrawals can take a bit longer than expected, but overall, it’s been a solid experience.
Top 5 Reviews on FxPro
-
Comment
stocks trading with my MT bot, idk why but he is doing a lot better here.
-
Comment
FxPro offers negative balance protection, which can be crucial during periods of high volatility. Spreads on the EUR/USD pair remain within the range of 0.3–0.8 pips. Leverage is available up to 1:500. However, the starting conditions may not suit everyone: the minimum deposit is $100 or the equivalent in other currencies.
-
Comment
cTrader was a new platform. The user interface is complex and takes some time for adaptation. I was surprised how fast orders execute during trading sessions. It probably takes less than 0,01 sec.
-
Comment
I tested FxPro in both demo mode and on a real account with fixed spreads. I didn’t notice much difference in execution — orders open and close consistently. Commissions are no higher than the market average. However, due to the lack of localized analysis, I have to rely on external market sources.
-
Comment
Access to MT4, MT5, and cTrader platforms is a plus. It's convenient to choose between fixed and floating spreads, especially if your strategy requires stable conditions. The company’s capital exceeds €100 million, which inspires trust. However, the broker does not offer PAMM accounts or investment services, so it’s not suitable for passive income.
Top 5 Reviews on NAGA
-
Comment
I trade on the NAGA Web App platform — it’s convenient, well-optimized for browsers, and doesn’t require installation. Chat support responds quickly, but only in English. It can be challenging for beginners, especially when technical questions arise. On the plus side, there’s clear trader performance data in Auto-Copy and an easy-to-use copy trading feature. The $250 entry threshold may seem high, but it’s balanced by a solid range of tools and analytics.
-
Comment
I mainly use NAGA because of its access to a social trading platform. It allows you to copy trades from traders with verified performance statistics, which can be convenient for generating passive income. The minimum deposit is $250 — not the lowest on the market, but you do get full functionality with ratings and analytics. I also like that you can track both active and closed trades of the trader you're copying.
-
Comment
I am quite satisfied with NAGA. It is quite easy to start trading on the currency market, and the most important thing is that there is no fraud in withdrawing your profits. Learn to open sell or buy orders and that’s it. There is only one thing - spread is not very profitable. In general, I advise you to try trading here in any case.
-
Comment
NAGA is one of the good brokers. I like that there are no difficulties with withdrawing funds; I haven’t encountered any special manipulations to drain the deposit, but client support should improve its service to quickly respond to client requests. There is not much variety of trading instruments, but you can trade here.
-
Comment
The NAGA platform often experiences problems with continuous operation, which can lead to significant inconvenience. In my case, several times there were situations where my trades were not opened, and then appeared with unprofitable results. I contacted NAGA support to request cancellation of those trades, but I was told that the problem was with my internet connection and there was no reason to cancel the trades.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.