NAGA Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of NAGA trading signals. You will learn what kinds of trading signals NAGA offers and what the conditions for using them are.
Short introduction of NAGA
NAGA (‘NAGA’) is a trademark of The NAGA Group AG which was founded in 2015. Naga Group AG is a German FinTech company publicly listed on the Frankfurt Stock Exchange. The company implements modern technologies and innovative solutions in order to compete with traditional financial institutions represented by banks and brokers in the investment market. Over 1 million active traders and passive investors currently use NAGA's Group brokerage services.
| 💰 Account currency: | USD, EUR, GBP, PLN |
| 🚀 Minimum deposit: | $250 |
| ⚖️ Leverage: | up to 1:30 |
| 💱 Spread: | From 0.7 pips (EUR/USD) |
| 🔧 Instruments: | CFDs on Forex, Stocks, Futures, Indices, Cryptocurrencies, Commodities, ETFs and real stocks |
| 💹 Margin Call / Stop Out: | 100% / 50% |
NAGA Pros and Cons
👍 Advantages of trading with NAGA:
•Wide range of trading instruments.
•The opportunity to earn passive income using the social trading platform.
👎 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
NAGA Trading Signals
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 $0-5 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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that NAGA does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
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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.