NAGA Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed NAGA fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
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 Commissions and Fees
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 |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
NAGA Minimum deposit
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:
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.
Brokers similar to NAGA
When analyzing NAGA, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of NAGA and other brokers.
Comparison of NAGA with other Brokers
NAGA | RoboForex | Pocket Option | Exness | FreshForex | AMarkets | |
---|---|---|---|---|---|---|
Trading platform |
MT4, MT5, Mobile Apps, Web App |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, Mobile Trading |
MT4, MT5, AMarkets App |
Min deposit |
$250 |
$10 |
$5 |
$10 |
No |
$100 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0.7 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
$30 |
No |
Cent accounts |
No |
Yes |
No |
No |
Yes |
No |
NAGA | RoboForex | Pocket Option | Exness | FreshForex | AMarkets | |
---|---|---|---|---|---|---|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Crypto |
No |
No |
Yes |
Yes |
No |
Yes |
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Stock |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
ETF |
Yes |
Yes |
No |
No |
No |
No |
Options |
No |
No |
No |
No |
No |
No |
Could I recommend NAGA to a beginner trader?
Analysis of NAGA shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
Author at Traders Union
FAQs
Is there trading without fees?
No. A broker may charge a minimum fee, but it will still be a fee. However, the company’s main source of revenue could, for example, be non-trading fees.
If the fees are low, how does a broker make money?
As a rule, brokers with low fees earn on the fees thanks to high trading volume and also non-trading fees.
Are the fees charged on a demo account?
Yes, but they are written off the virtual funds you use for trading on the demo account. This allows you to learn the level of the fees.
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.
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.