NAGA (NAGA Markets) Review 2021

NAGA (NAGA Markets) Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

1.9

Overall rating

1

/10

Execution of orders

2

/10

Investment instruments

1

/10

Withdrawal speed

3

/10

Customer Support work

2

/10

Variety of instruments

2.5

/10

Trading platform

190

Position
in rating

Trading terminals:

MT4 MT5
NAGA Web App NAGA iOS App
NAGA Android App
190

Position in rating

1.9/10
Overall rating

Trading terminals:

MT4 MT5
NAGA Web App NAGA iOS App
NAGA Android App

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of NAGA Trading Company

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. Over 500 thousand active traders and passive investors currently use NAGA brokerage services.

Attention!

Traders Union only works with accounts opened through the Association’s website.

👍 Advantages of trading with NAGA:

  • Wide range of trading instruments.
  • 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.
  • NAGA is registered with CySEC (Cyprus Securities and Exchange Commission) an authoritative European regulator.

👎 Disadvantages of NAGA:

  • High spreads on standard accounts.
  • Lack of trading bonuses such as a Welcome bonus, account replenishment, etc.
  • Limited choice of payment systems for replenishing the balance and the withdrawal of funds.
  • The broker does not provide cent accounts.

Overall

NAGA is a regulated international broker whose terms and conditions are perfect for professional traders and experienced investors with a focus on stocks.

Visit NAGA

NAGA Latest Comments for 2021

0
3
0

The reviews by customers of the NAGA indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of NAGA published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

There is no way to close any trade! The terminal indicates a “trading timeframe”. The stops are not triggered, although in another brokerage company everything is OK at the same time.

I thought that at least NAGA was offering real social trading, but it does not. Some things don’t seem to be legitimate. I don’t trust them. I’ve just thrown away $600 on this system.

Rumor has it that Naga has huge problems and very soon they will be closed altogether. I don't know if this information is reliable, but I regularly see reviews regarding problems with payments and I believe that the complaints are real!

Expert Review of NAGA

NAGA (NAGA Markets) Broker 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, 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, and invest in PAMM and MAM accounts. 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.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

1.9

Overall rating

1

/10

Execution of orders

2

/10

Investment instruments

1

/10

Withdrawal speed

3

/10

Customer Support work

2

/10

Variety of instruments

2.5

/10

Trading platform

Dynamics of the Popularity of NAGA
in 2020 among the Users of the Traders Union

Dynamics of the Popularity of NAGAin 2020 among the Users of the Traders Union

Investment Programs, Available Markets and Products of the Broker

The NAGA broker aims to cooperate not only with active traders but also with passive investors. You can copy trades using the social trading platform, as well as invest in PAMM accounts. Several affiliate programs are available as well. Favorable trading conditions, an automated service for opening orders, and profit calculations allow investors to get income with minimal risks.

NAGA Auto-Copy is a proprietary copy-trading platform.

Semi-skilled traders and novice traders can take advantage of the knowledge of other traders and automatically copy their trades using the social trading platform. Each investor has access to the best signal providers and copy statistics. After the selected trader is connected to the account, his trades will be automatically copied to the investor's account. The investor pays a predetermined commission fee from his profit to the trader for successful transactions. Key features of NAGA Auto-Copy:

  • Transparent statistics for all the transactions: active, non-complete, and complete.

  • The top traders are rated based on their profits, the number of profitable trades, and the number of active investors who have connected to the signal provider.

  • The trader's transactions are copied automatically onto the investor's account.

  • The investor can indicate the exact amount of investment for each trader.

Any broker’s client can become both an investor and a trader. NAGA provides its Messenger program that allows the signal provider to stay connected with their subscribers. Here you can create chat groups, share your trading strategies, and analyses. It is also possible to open transactions directly through the messenger. 

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

NAGA’s affiliate program: 

  • NAGA pays up to $800 per client attracted;

  • The Introducing Broker (IB) affiliate program pays up to $17-27 per lot, depending on the type of the asset traded;

  • The Referral affiliate program pays $25 for each newcomer attracted, but the attracted person must first make a deposit of $250 or more and close at least one transaction;

  • The Pro affiliate program pays up to $0.30 for each transaction copied by the investor.

Affiliate programs allow you to earn additional income without independently trading by connecting new clients and broadcasting your own strategy.

Rebate and Discount Programs of the Traders Union for NAGA

The Traders Union rebate service compensates its clients for the costs of the broker's trading commission for profitable and unprofitable transactions. To get a rebate, register on the Traders Union website, open a trading account with NAGA using the Union's referral link, and start trading on Forex. Rebates on the NAGA broker is available only to those clients who have opened a trading account using the Traders Union website.

Try it!  You’ll like this!

Trading Conditions for NAGA Users

NAGA offers a wide range of trading accounts, but the conditions are still not too good for novice traders. The central failures of the broker are an absence of cent accounts and high spreads on accounts with the lowest deposit requirements. Professional traders can trade on more favorable terms with leverages up to 1:1000, increased margins, and spreads from 0.7-0.9 pips. However, for these super benefits, you need to deposit $50,000.

From $250

Minimum
deposit

Up to 1:1000

Leverage

11/5

Support

MT4 MT5
NAGA Web App NAGA iOS App
NAGA Android App
Trading platform: МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App
Accounts: Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader
Account currency: USD, EUR, GBP, PLN, NGC
Replenishment / Withdrawal: Replenishment: Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash, NAGA Coin, Visa, Mastercard; Withdrawal: bank transfer, Visa, Mastercard, NAGA CARD
Minimum deposit: From $250
Leverage: Up to 1:1000
PAMM-accounts: Yes
Min Order: 0.01
Spread: From 0.7 pips
Instruments: Forex, stocks, cryptocurrency, indices, commodities, CFDs on stocks, precious metals, ETFs
Margin call/Stop Out: Not indicated
Liquidity provider: Not indicated
Mobile trading: Yes
Affiliate program: Yes
Orders execution: Market Execution
Trading features: Wide range of trading accounts, no commissions per lot for currency pairs
Contests and bonuses: Only available for signal providers

Comparison of NAGA with other Brokers

NAGA FxPro XM Group Admiral Markets UK AvaTrade
Trading
platform
MT4, MT5, Mobile Apps, Web App MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit $1000 $100 $5 $200 $100
Leverage From 1:1
to 1:1000
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 1 point From 1 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
100%  /  50% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No $100 $30 No No
Cent accounts No No Yes No Yes

Broker comparison table of trading instruments

NAGA FxPro XM Group Admiral Markets UK AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes
Crypto Yes No No Yes Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes
ETF No No No Yes No
Options No No Yes No No

Commissions & Fees NAGA

Information

To identify explicit or hidden commissions by NAGA, the Traders Union experts studied the trading conditions offered by the broker. The company charges clients with a trading fee in the form of a floating spread. There is no commission per lot for all types of accounts. The broker also charges a non-trading withdrawal commission of $10 per transaction. The commissions of payment systems (i.e., Visa, wire transfers, etc.) for funds withdrawal on the broker's website are not indicated.

Account type Spread (minimum value) Withdrawal commission
Iron Trader from $25 Yes
Bronze Trader from $23 Yes
Silver Trader from $19 Yes
Gold Trader from $17 Yes
Diamond Trader from $9 Yes
Crystal Trader from $7 Yes

There is a swap (commission for shifting transactions to the next day). We also compared the average trading fees charged by industry leaders and NAGA. As a result, each of them was assigned a level from low to high:

Broker Average commission Level
NAGA $16.6 High
RoboForex $6.55 Low
EXNESS Group $8.25 Medium
NAGA
$16.6
RoboForex
$6.55
EXNESS Group
$8.25
Conclusion

The NAGA broker offers fairly high spreads, so it is inferior to competitors in terms of trading conditions.

Detailed Review of NAGA

NAGA focuses on cooperating with EU traders. The broker seeks to become the most trusted, secure, and advanced social investment network. NAGA has developed its proprietary digital asset exchange NAGAX such that it supports over 10 million transactions per second. The company also offers NAGA Protector, a tool to limit trading losses. 

A few figures that could be interesting for traders choosing a broker:

  • Over 500,000 opened trading accounts.

  • Access to 750 trading instruments from a single account. 

  • More than 5 years on the international market.

NAGA is a broker for active traders and passive investors.

NAGA is a reliable broker that constantly improves the technologies used and expands the list of assets available for trading. The company offers 6 account types with a lot of currencies available, including cryptocurrencies. Traders' transactions are executed instantly with the average order execution time being 0.08 seconds. The auto-trading trading platform NAGA Auto-Copy allows you to automatically copy the trading signals of several traders simultaneously, adjust the auto-copy ratio, and set a specific investment amount. The company offers passive investors MAM and PAMM trust accounts.

The broker's clients can work using the MetaTrader 4 and MetaTrader 5 desktop terminals, as well as from the NAGA iOS and NAGA Android mobile applications. A web platform is available for trading with no need to install additional software.

Useful NAGA services:

  • The crypto exchange NAGAX allows you to exchange basic cryptocurrency pairs.

  • A cryptocurrency wallet is a digital place to securely store and manage your cryptocurrencies and fiat money monies.

  • NAGA FEET and NAGA Messenger are social network and chat lines (group and private) to communicate with other clients of the company.

Advantages:

1

Access to over 750 trading instruments.

2

A proprietary social trading platform for copying transactions of successful traders.

3

Provides free analytics, training materials, and trading signals.

4

A wide variety of trading accounts for traders of any background and competence level.

5

High leverage, which allows you to get large profits promptly.

6

Free account replenishment.

7

There are no commissions per lot and it is possible to open a swap-free Forex Islamic account without charging swaps.

How to Start Making Profits — Guide for Traders

NAGA offers a wide range of real accounts for traders of any trading experience. Accounts differ in the minimum deposit, the level of the spread, the availability, and the nonavailability of the extra options. 

Types of accounts:

Account Type
Description
Iron Trader
Iron Trader is an account with a minimum deposit of $250 and floating spreads from 2.5 pips.
Bronze Trader
Bronze Trader is an account with spreads starting from 2.3 pips. The minimum deposit is $2,500. The client is provided with daily trading signals and access to webinars.
Silver Trader
Silver Trader is an account with identical options to Bronze Trader. But you must replenish your account with an amount of $5,000 or more to trade with tighter spreads from 1.9 pips.
Gold Trader
Gold Trader is an account for professionals who are ready to invest $25,000+ in trading. Floating spreads are from 1.7 pips. This carries an extra advantage of instant withdrawals to the NAGA CARD.
Diamond Trader
Diamond Trader is a professional account with a minimum deposit of $50,000, spreads from 0.9 pips, and the ability to instantly transfer money to a NAGA card. 
Crystal Trader
Crystal Trader is an account with precise spreads from 0.7 pips. When replenishing the balance from $100,000, its owner gets the opportunity to trade with the highest margin possible. Trading signals are available, free NAGA CARD registration, participation in the company's webinars.

Use a demo account to test the broker's service and the trading platforms provided.

The NAGA broker offers favorable conditions for professional traders who are ready to invest large capital in trading.

Bonuses Paid by the Broker

Copy Bonus

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.

Bonuses from NAGA - Copy Bonus
Bonuses from NAGA - Copy Bonus

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.

Bonuses from NAGA - Copy Trades Bonus
Bonuses from NAGA - Copy Trades Bonus

Bonus from Traders Union

The Traders Union bonus is in the form of a rebate to the trader based on the spread that the broker charges as a trading commission. The rebate is available to a trader after registering on the Traders Union website, opening a real account using an affiliate code, and trading. The merger compensates for the cost of the spread on all trades executed, both profitable and unprofitable. Traders Union pays rebates only to those NAGA clients who have opened an account using the Union’s website. Find detailed instructions to assign an existing NAGA account to the Traders Union partner group in this manual.

Investment Education Online

Information

There is no “Training” section on the website. However, a lot of training materials are available in the Help section, providing access to the Academy, webinars, and analytical tools.

Information available inthe "Help Section"
Information not available on the NAGA website
Answers to popular questions about the company's trades and services 
Forex terminology
Articles, videos, e-books, webinars
A detailed description of indicators
Latest financial market news
Popular trading strategies and analysis
Economic calendar
 

Information available in

the "Help Section"

The company offers a demo account to practice applying the theory of trading with the practical application of independent trading.

Security (Protection for Investors)

Information

NAGA Group, the international financial holding conglomerate has four subsidiaries, including the NAGA broker. NAGA Markets Europe Ltd operates under CySEC license No. 204/13 of the Cyprus Securities and Exchange Commission.

CySEC is a government regulator that monitors the activities of financial companies registered in Cyprus. Licensees must comply with the directives of the legislative and regulatory framework of the European Union, as well as guarantee customers the safety of their funds and personal data and maintain customers’ confidentiality.

👍 Advantages

  • Clients’ funds shall be held in segregated accounts and are not associated with the broker's capital
  • Protection from negative balance
  • In case of a dispute with the broker, any client can file a complaint with the regulator

👎 Disadvantages

  • You can only file a complaint with the regulator in English or Greek
  • Major delays in evaluating claims
  • Limited choice of methods for depositing and withdrawing funds under the requirements of the regulator

Withdrawal Options and Fees

  • Withdrawal of funds is carried out within one business hour. The minimum transaction amount is 50 EUR/USD/GBP and PLN.

  • The methods available for a withdrawal depend on the client’s country of residence. The trader can withdraw money to its NAGA CARD, Visa, and Mastercard credit cards, as well as via bank transfers. Crediting to e-wallets is not available.

  • Withdrawal requests over $1,000 or equivalent in other currencies are manually reviewed by the Finance Department before being processed.

  • Withdrawals are made in EUR and USD. The broker charges a non-trading withdrawal fee of 10 EUR/USD (or equivalent) per transaction.

Customer Support Service

Information

The broker's Customer service works Monday through Friday and from 09:00 to 20:00 (EEST).

👍 Advantages

  • Live chat is available
  • Multilingual support

👎 Disadvantages

  • Does not work on weekends
  • There are no European phone numbers

The following methods are available to contact the broker's representatives:

  • call to international numbers listed in the "Contact Us" section;

  • email;

  • online-chat on the website.

You can contact the broker's technical support both in your personal account and on the website.

Contacts

Registration address Trust House, 112 Bonadie Street, Kingstown, St. Vincent, and the Grenadines
Regulation
Contacts

Review of the Personal Cabinet of NAGA

Create a personal account and open a real account to start trading with NAGA. The algorithm for transactions is simple:

1

Go to the homepage of the official website of the company and click "Sign Up" or "Start trading".

NAGA Review - Registration
NAGA Review - Registration
NAGA Review - Registration
2

Indicate your full name, email address, and telephone number in the registration form. Also, create a username and password; you will use them in the future for authorization of your account. After that, confirm your phone number and email to verify your account. You can also register using your Google and Facebook accounts. 

3

The following is available in your NAGA personal account:

1. Account replenishment and withdrawal of funds.
NAGA Review - Personal Account
NAGA Review - Personal Account
2. A review of the accrued bonuses for the delivery of trading signals:
1. Account replenishment and withdrawal of funds.
NAGA Review - Personal Account
NAGA Review - Personal Account
2. A review of the accrued bonuses for the delivery of trading signals:
NAGA Review - Bonuses
NAGA Review - Bonuses

Also, you can find in the user's personal account:

  • Top-rated traders for auto copying.

  • Quotes for major currencies.

  • Messenger window for tracking information and communicating with active NAGA customers.

  • The Academy section with training materials.

  • Button for contacting technical support representatives via online chat.

Tags:

NAGA

The Oldest Reviews of the NAGA

The reviews by customers of the NAGA indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of NAGA published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Rumor has it that Naga has huge problems and very soon they will be closed altogether. I don't know if this information is reliable, but I regularly see reviews regarding problems with payments and I believe that the complaints are real!

I thought that at least NAGA was offering real social trading, but it does not. Some things don’t seem to be legitimate. I don’t trust them. I’ve just thrown away $600 on this system.

There is no way to close any trade! The terminal indicates a “trading timeframe”. The stops are not triggered, although in another brokerage company everything is OK at the same time.

Author of this Review

NAGA broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the NAGA rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about NAGA you need to go to the broker's profile.

How to leave a review about NAGA on the Traders Union website?

To leave a review about NAGA, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about NAGA on a non-Traders Union client?

Anyone can leave feedback about NAGA on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with NAGA through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.