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FBS vs NAGA - Fees Review included

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Which broker is better FBS or NAGA? Our expert assessment conducted according to TU’s own methodology showed that FBS is one of the top brokers in the financial market with the TU Overall Score of 7.33 out of 10. NAGA is one of the top brokers in the financial market with the TU Overall Score of 6.31 out of 10. Find out more about TU Overall Score.

Feature FBS NAGA

Overall

4.3

4.2

Regulation

4.6

4.1

Fees

3.9

4.4

Trading Assets

4.1

4.5

Investment Instruments

4.7

4.9

Platforms and Charting Tools

4.5

4.4

Deposit and Withdrawal

4.2

2.9

Research

3.9

3.1

Education

4.2

3.5

Support

3.9

3.6

Bonuses

5

4.1

FBS review

NAGA review

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FBS vs NAGA: Pros and Cons

FBS (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.

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.

FBS NAGA
Overall Pros A large selection of trading instruments Wide range of trading instruments
Copyt trading platform 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
$140 no-deposit bonus (not available for EU clients) NAGA is registered with CySEC (Cyprus Securities and Exchange Commission) an authoritative European regulator
Crypto account Copy trading and PAMM services
Overall Cons Hihg trading fees Limited choice of deposit and withdrawal methods
Slow exacution speed

FBS vs NAGA: Safety and Regulation

FBS NAGA

Max. Regulation Level

Tier-1

Tier-1

Investor protection

€20,000

€20,000

FCA UK Regulation

No

No

FINRA (U.S)

No

No

BaFin (Germany)

No

No

ASIC (Australia)

No

No

CFTC (U.S)

No

No

MAS

No

No

FSCA SA

No

No

BVI FSC

No

No

VFSC

No

No

FSA (Seychelles)

No

Yes

FBS vs NAGA: Trading Conditions

Trading Conditions FBS NAGA

Minimum Deposit

$1

$250

Trading Platforms

MetaTrader 4, MetaTrader 5, FBS Trader

МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App

Max Leverage (Futures)

401769

1-1000

Supported Markets

Forex, CFDs on stocks, indices, metals, energies, crypto

Forex, stocks, cryptocurrency, indices, commodities, CFDs on stocks, precious metals, ETFs

Trading assets

200+

950+

Trading Accounts

Standard, Cent, ECN, Micro, Zero Spread, Copy Trade

Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader

Base Account Currencies

EUR, USD

USD, EUR, GBP, PLN, NGC

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FBS vs NAGA: Fees

FBS NAGA

Standard acc. spread EUR/USD, min pips

0,7

0,1

Standard acc. spread EUR/USD, max pips

1,3

0,0

ECN Commission

ECN Spread EUR/USD

Deposit fee, %

No

No

Withdrawal fee, %

No

No

Withdrawal fee, USD

No

0-5

Inactivity fee, $

No

50

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.

FBS vs NAGA: Trading Assets

Asset Name FBS NAGA

Overall

200+

950+

Forex

Yes

Yes

Stocks

Yes (CFD)

Yes

Metals

Yes (CFD)

Yes (CFD)

Cryptocurrencies

Yes (CFD)

Yes

Energy

Yes (CFD)

Yes (CFD)

Indices

Yes (CFD)

Yes

ETFs

No

Yes

Bonds

No

No

Mutual funds

No

No

Stock options

No

No

Futures Trading

No

Yes

Binary Options

No

No

FBS or NAGA: Investment Programs

Asset Name FBS NAGA

Copy Trading

Yes

Yes

MAM/PAMM

Yes

Yes

Managed Accounts

No

No

Other

No

No

Learn more

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Trading Platforms: NAGA or FBS

FBS NAGA

MT4

Yes

Yes

MT5

Yes

Yes

cTrader

No

No

Appropriate platform

FBSTrader

Yes

Others

No

No

FBS review

NAGA review

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Your capital is at risk.

FBS vs NAGA: Deposit and Withdrawal Methods

FBS NAGA

Bank Wire

Yes

Yes

Bank Card

Yes

Yes

Neteller

Yes

Yes

BTC

No

No

Wise

No

No

Payoneer

No

No

USDT

No

No

FBS vs NAGA: Research

Research Type FBS NAGA

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

Yes

Trading Ideas

Yes

No

E-Mail Reports

Yes

No

FBS vs NAGA: Education

Education Type FBS NAGA

Demo-account/Paper Trading

Yes

Yes

Webinars

Yes

Yes

Articles

Yes

Yes

Videos

Yes

Yes

Cent account

Yes

No

NAGA vs FBS: Support

Support Features FBS NAGA

Working Days

24/5

24/5

E-mail

Yes

Yes

Phone

Yes

Yes

Online chat

Yes

Yes

Other

FB Messenger

No

FBS vs NAGA: Forex Bonuses and Promo

Promo FBS NAGA

Forex Bonus

$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients)

Only available for signal providers

Affiliate Program

No

Other Promos

By activating the option in the personal account, a trader can receive a cashback of up to $15 per lot

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.

FBS review

NAGA review

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Open an account

Your capital is at risk.

Top 5 Reviews on NAGA

  • NAGA

    jajjahid9@gmail.com

    16.06.2025

    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.

  • NAGA

    Promisendubuisilink@gmail.com

    20.05.2025

    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.

  • NAGA

    freedom69

    26.04.2024

    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.

  • NAGA

    hermam

    27.02.2024

    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.

  • NAGA

    Nur75

    13.02.2024

    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.

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Top 5 Reviews on FBS

  • FBS

    jonespessoalofc@gmail.com

    02.07.2025

    Comment

    Broker FBS provides access to trading on more than 150 markets, including forex, indices, metals, and futures contracts. The minimum deposit is $5, making FBS accessible for beginner traders. Leverage goes up to 1:3000, and the minimum spread on major currency pairs starts from 0.7 pips. Trading platforms available include MetaTrader 4, MetaTrader 5, and FBS Trader, with a minimum trade size of 0.01 lots.

  • FBS

    Kizzymelow@gmail.com

    18.06.2025

    Comment

    I've been working with FBS for over six months. Withdrawals to a card usually take up to 48 hours, and fees depend on the chosen method. On the Pro account, spreads start from 0.5 pips but can widen during news releases. The company is regulated by the IFSC — not the strictest regulator, but it's something.

  • FBS

    saadgazan333@gmail.com

    04.06.2025

    Comment

    I occasionally use copy trading from FBS. It’s convenient that you can start with just $1. However, when choosing a trader, it’s important to carefully analyze their statistics — not all of them trade consistently. On the plus side, there’s automation; on the downside, the search filters are limited.

  • FBS

    malikbawa83223@gmail.co

    14.05.2025

    Comment

    I started working with FBS because of the wide variety of account types. The conditions vary: for example, the Cent account requires just a $1 minimum deposit, while the ECN account starts at $1000. Each account suits a different trading strategy. The key is to carefully review the spreads and commissions before opening an account.

  • FBS

    Shahnazakhter117@gmail.com

    24.12.2024

    Comment

    I did not get the answer I was seeking or I might have read a different thing online, I really can’t say because when I contacted the FBS support team. After trying the live chat option to no avail, I decided to try the Telegram channel. Initially, it was supposed to be a bot but I got a message that an agent would join. When I asked for the accounts available and features and the ideal one for Forex I got a long message which I did not understand (I was expecting a list of accounts and their features). Later the agent said they only offer standard accounts.

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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.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

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.