Overall Score
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- Minimum deposit $250
- EUR/USD spread 0.1
- Supported assets 790
- Regulation CySEC
users picked this broker in 3 months
Brief Look at NAGA
NAGA is a multi-asset regulated brokerage firm known for combining traditional trading tools with modern social trading features. Headquartered in Germany, NAGA is authorized and regulated by top-tier financial authorities, including the Cyprus Securities and Exchange Commission (CySEC). This ensures a high level of security and transparency for traders. The platform supports trading in Forex, stocks, indices, cryptocurrencies, and commodities, catering to both beginners and experienced investors. NAGA's standout feature is its integrated social trading network, which allows users to follow and automatically copy the strategies of top traders.
- Advantages
- Disadvantages
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Regulated by CySEC
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Supports social and copy trading
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Wide range of assets (Forex, stocks, crypto, etc.)
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Integrated NAGA Wallet for crypto and fiat
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Inactivity fees apply
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Limited advanced tools for pro traders
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Withdrawal fees may apply
NAGA Key Parameters Evaluation
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Why trust us
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Top Forex brokers vs NAGA
NAGA | AvaTrade | eToro | |
---|---|---|---|
TU overall score | 6.31/10 | 8.15/10 | 7.67/10 |
Max. Regulation Level
Tier-1 regulation represents the most stringent oversight by top financial authorities, ensuring the highest level of security and compliance. Tier-2 and Tier-3 regulations indicate moderate to lower levels of oversight, with varying degrees of investor protection.
|
Tier-1 | Tier-1 | Tier-1 |
EUR/USD spread | 0.1 | 0.8 | 0.8 |
Standard GBP/USD spread | 1.0 | 1.1 | 0.7 |
Withdrawal fee, % | No | No | No |
Commissions and Fees
The trading and non-trading commissions of broker NAGA have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, RoboForex and FxPro, to provide the most comprehensive information.
- Advantages
- Disadvantages
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No deposit fee
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No withdrawal fee
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Above-average Forex trading fees
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No ECN/Raw Spread account
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Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of NAGA with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, NAGA’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
NAGA | RoboForex | FxPro | |
---|---|---|---|
EUR/USD min, pips | 0.1 | 0.5 | 0.9 |
EUR/USD max, pips | 0.0 | 2 | 1.7 |
GPB/USD min, pips | 0.1 | 0.5 | 1.2 |
GPB/USD max, pips | 1.8 | 1.5 | 1.4 |
Does easyMarkets support RAW/ECN accounts?
As we discovered, NAGA does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with NAGA. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
NAGA | RoboForex | FxPro | |
---|---|---|---|
Deposit fee, %
The indicated amount does not include possible fees from payment systems and banks.
|
0 | 0 | 0 |
Withdrawal fee, %
The indicated amount does not include possible fees from payment systems and banks.
|
0 | 0-4 | 0 |
Withdrawal fee, USD, %
The indicated amount does not include possible fees from payment systems and banks.
|
0-5 | 0-1.3 | 0 |
Inactivity fee ($, per month) | 50 | 0 | 15 |
Regulation and Safety
NAGA has a safety score of 9.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Advantages
- Disadvantages
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Tier-1 regulated
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Negative balance protection
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Track record over 10 years
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Strict requirements and extensive documentation to open an account
Abbreviation | Full Name | Country | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 | |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
Foundation date | 2015 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Deposit and Withdrawal
NAGA received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
NAGA provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Advantages
- Disadvantages
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Bitcoin (BTC) accepted
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Bank card deposits and withdrawals
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Low minimum withdrawal requirement
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Minimum deposit above industry average
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Limited deposit and withdrawal flexibility, leading to higher costs
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Only major base currencies available
What are NAGA deposit and withdrawal options?
NAGA provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
NAGA | RoboForex | FxPro | |
---|---|---|---|
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | No | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are NAGA base account currencies? Base account currencies are the primary currencies in which trading accounts are denominated. They determine the currency used for deposits, withdrawals, and calculating account balances.Using a base currency that matches a trader's local currency can help avoid unnecessary conversion fees.
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. NAGA supports the following base account currencies:
What Are NAGA's Minimum Deposit and Withdrawal Amounts?
The minimum deposit on NAGA is $250, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact NAGA’s support team.
Trading Account Opening
We successfully registered an account with NAGA, which took only 2 minutes. The minimum deposit amount at NAGA is only $250.
- Advantages
- Disadvantages
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Fast and fully digital registration process
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Option to open Islamic (swap-free) accounts
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Social profile setup enhances copy trading
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No choice of account types for advanced traders
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No ECN/Raw spread account
Minimum deposit | $250 |
Is it fully online? | Yes |
Registration time | 2 minutes |
KYC time | 3 working day |
Account currencies |
USD
EUR
GBP
BTC
PLN
|
Funding options | Bank Card, Bank transfer, Neteller, Skrill |
Required documents
Identity verification. Any national or international document issued by government authorities with your details and photo.
Address verification. This can be a document issued by government, utility, or judicial authorities. The document must include your full name, residential address, and issue date. Documents must be no older than 3 months.
Account types
NAGA offers Standard, Swap Free, and Demo accounts, while ECN/Raw spread account for active traders is not available.
Standard
A general trading account suitable for most traders, offering access to a variety of markets with standard spreads and conditions.
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Yes |
ECN
Provides direct market access with raw spreads and low latency execution. Typically requires a commission per trade instead of a spread markup. Suitable for high-frequency and professional traders.
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Yes |
Swap Free
Designed for traders who follow Islamic finance principles, eliminating overnight interest (swap) charges.
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Yes |
Micro
Allows trading with micro-lots (0.01 lot = 1,000 units), reducing capital requirements and risk. Ideal for beginners and strategy testing. Availability and conditions vary by broker.
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No |
Cent
Operates with cent-denominated balances (1 USD = 100 cents), allowing trades with micro-lot sizes (0.01 lot = 1,000 units). Suitable for beginners and low-risk strategies.
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No |
Demo
Enables risk-free trading with virtual funds. Conditions may vary by broker.
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Yes |
VIP
Offers premium services, lower fees, and dedicated support. Requirements vary by broker.
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No |
Managed
A professional handles trading on behalf of the investor. Risks and fees depend on the provider.
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No |
How to open NAGA account
Provide your country of residence and email address.

Upon registration, you can access your User Account and explore its features. Verification can be completed at any time within your User Account.
Markets and Products
- Advantages
- Disadvantages
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Advanced social trading
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790+ supported assets
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80+ supported currency pairs
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No direct access to real company shares (only CFDs)
NAGA supported markets vs top competitors
NAGA offers a well-balanced range of 790 tradable assets, including 80+ currency pairs, stocks, indices, commodities, and cryptocurrencies.
NAGA | eToro | AvaTrade | |
---|---|---|---|
Currency pairs | 80 | 40 | 60 |
Tradable assets
The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions imposed on CFDs.
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790 | 5000 | 250 |
Stocks | Yes | Yes | Yes |
Commodities | Yes | Yes | Yes |
Crypto
Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
|
Yes | Yes | Yes |
Bonds | No | No | Yes |
Indices | Yes | Yes | Yes |
Trading Platforms and Tools
NAGA delivers a versatile trading experience by offering multiple platforms tailored to different user preferences. Traders can choose between the industry-standard MetaTrader 4 (MT4) and the more modern MetaTrader 5 (MT5), both known for powerful charting and automated trading capabilities. Additionally, NAGA provides its proprietary NAGA Web App, along with dedicated mobile apps for iOS and Android, ensuring seamless access across devices. The NAGA platform ecosystem also integrates social trading features directly into the interface, allowing users to copy top traders and interact with the community in real-time. This diverse range of platforms makes NAGA suitable for both beginners and experienced traders looking for flexibility, advanced tools, and built-in social trading.
- Advantages
- Disadvantages
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Multiple platform options (MT4, MT5, Web, iOS, Android)
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Integrated social trading and copy trading features
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User-friendly interface across all devices
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No access to TradingView integration
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Limited platform customization
Alerts | Yes |
2FA | Yes |
EAs | Yes |
Indicators | 38 |
MetaTrader 5 (MT5) is a powerful multi-asset trading platform designed for Forex, stocks, and futures. It offers faster execution than MT4, supports both hedging and netting systems, and comes with a broader range of built-in indicators and graphical tools. Key features include 21 timeframes, an advanced Depth of Market (DOM) interface, an integrated economic calendar, and multi-currency strategy testing capabilities. MT5 also supports algorithmic trading using the MQL5 programming language, allowing traders to build and test complex trading robots directly within its built-in code editor.

MT5 Platform Highlights:
Run multiple charts simultaneously and launch trading robots independently on each asset.
Use the multi-currency strategy tester with forward testing to optimize strategies on historical data, then validate them on out-of-sample periods.
Access a built-in library of free Expert Advisors and connect to the MQL5 community to follow and copy traders from other brokers.
Benefit from additional pending order types like Buy Stop Limit and Sell Stop Limit for greater flexibility in trade execution.
MT5 is intuitive and streamlined—rich in functionality without overwhelming users. It’s ideal for both beginners and experienced traders who want access to advanced tools across traditional and derivative markets.
Additional trading tools
NAGA offers a range of additional features tailored to modern traders, including integrated social trading with auto-copy functionality, a built-in news feed and market sentiment tools, one-click trade execution, and seamless access to its multi-currency NAGA Wallet. These tools are designed to simplify trading, improve decision-making, and connect users with a global trading community in real time.
NAGA | eToro | AvaTrade | |
---|---|---|---|
Trading bots (EAs) | Yes | No | Yes |
Trading Central
Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.
|
Yes | Yes | Yes |
API
An Application Programming Interface (API) allows traders to connect their trading accounts to custom applications, algorithms, or third-party software. This flexibility enables advanced trading strategies and automated trading solutions tailored to individual needs.
|
Yes | No | Yes |
Free VPS
A Virtual Private Server (VPS) provides a dedicated and reliable server environment for running trading platforms and EAs without downtime. Free VPS ensures that trading operations continue uninterrupted, even when the trader's personal device is off.
|
No | No | Yes |
Signals (alerts)
Trading signals or alerts are notifications that provide buy or sell recommendations based on market analysis. These signals help traders make timely decisions by highlighting potential trading opportunities.
|
Yes | Yes | Yes |
One-click trading
One-click trading simplifies the trading process by allowing traders to open or close positions with a single click. This feature is particularly useful for scalpers and day traders who need to act quickly in fast-moving markets.
|
Yes | Yes | Yes |
Strategy (EA) builder
A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without needing to write code. This empowers traders to customize their trading approaches and backtest them for effectiveness.
|
Yes | No | No |
Autochartist
Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key levels. It provides traders with real-time alerts and actionable insights, helping to improve trading accuracy and efficiency.
|
Yes | No | No |
TradingView | No | Yes | No |
TU Expert Advice: Is NAGA Worth the Try?
Financial expert and analyst at Traders Union
NAGA Group AG appeared on the financial services market in 2015 but has already proven itself as a reliable broker in Forex. The European division of the company operates under the license of the Cyprus regulator CySEC (204/13), which guarantees traders the protection of their funds and that all operations are transparent. The broker provides clients with free daily news, trading signals, and help from a personal manager.
Traders can open multicurrency accounts with NAGA, trade from any device, as well as copy transactions of other users trades. NAGA creates perfect conditions for cryptocurrency trading. The company introduced its proprietary virtual currency NGC and created several proprietary services, such as the NAGAX Crypto Exchange and the NAGA Crypto Wallet.
The broker's website is oversaturated with information, so it takes a lot of time to study it. NAGA debit cards can only be issued to customers from EU countries.
- You seek passive income opportunities by utilizing the social trading platform offered by this broker allowing copying the trades of successful traders. This feature allows you to benefit from the expertise of others while still maintaining control over your trading decisions.
- You value diverse trading instruments. This broker offers over 950 assets to choose from. Whether you're interested in forex, stocks, ETFs, commodities, indices, or cryptocurrencies, you'll find plenty of options to diversify your investment portfolio and capitalize on various market opportunities.
- You're sensitive to trading costs and prefer brokers with competitive spreads. The high spreads on standard accounts offered by this broker may not align with your trading preferences. High spreads can eat into your profits and potentially impact your overall trading performance.
- You're someone who enjoys taking advantage of trading bonuses such as Welcome bonuses or account replenishment bonuses, as you may be disappointed by the absence of such incentives with this broker.
Video Review of NAGA
FAQs
The minimum deposit at NAGA is $250. This amount unlocks access to a wide range of trading instruments and features, including social and copy trading, and is suitable for both beginners and intermediate traders.
NAGA is a fully regulated and trustworthy broker. It is licensed by the Cyprus Securities and Exchange Commission (CySEC) and operates in compliance with EU financial regulations, including MiFID II, ensuring a secure and transparent trading environment.
Spreads on EUR/USD at NAGA are floating and start from around 1.0 pip under normal market conditions. The actual spread may vary depending on market volatility and trading volume.
NAGA supports various payment methods, including bank transfers, credit/debit cards, and popular e-wallets. Most transactions are processed quickly, though some withdrawal methods may involve small processing fees or take additional time depending on your location and banking provider.
NAGA accepts clients from most countries worldwide, except for a few restricted regions such as the USA, Canada, and Iran due to regulatory limitations. Availability may vary, so it’s best to check directly on the NAGA website for up-to-date information based on your country of residence.
NAGA offers over 80 Forex pairs and a total of 790+ trading instruments, including stocks, indices, cryptocurrencies, and commodities. This broad selection caters to diverse trading strategies and asset preferences.
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NAGA Group AG, the fintech company behind the all-in-one financial SuperApp NAGA, has published its audited financial results for 2024, revealing
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).