NAGA vs ProsperityFX - Fees Review included
Which broker is better NAGA or ProsperityFX? Our expert assessment conducted according to TU’s own methodology showed that NAGA is one of the top brokers in the financial market with the TU Overall Score of 4.15 out of 10. ProsperityFX is one of the top brokers in the financial market with the TU Overall Score of 2.42 out of 10. Find out more about TU Overall Score.
| Feature | NAGA | ProsperityFX |
|---|---|---|
Overall |
4.2 |
1.8 |
4.1 |
1 |
|
4.4 |
2.4 |
|
4.5 |
2.3 |
|
Investment Instruments |
4.9 |
2.0 |
Platforms and Charting Tools |
4.4 |
2.5 |
Deposit and Withdrawal |
2.9 |
2.7 |
Research |
3.1 |
1 |
Education |
3.5 |
1.3 |
Support |
3.6 |
1.7 |
Bonuses |
4.1 |
1 |
|
|
NAGA vs ProsperityFX: Pros and Cons
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.
ProsperityFX (Prosperity4X) is a conservative broker that provides classic services of access to international financial markets for professional traders. The emphasis is on professional trading. Trading conditions are designed in such a way that they will be unprofitable for novice traders with a turnover of 1-2 lots per month. In return, ProsperityFX guarantees a spread without fundamental expansion and a high order execution speed
| NAGA | ProsperityFX | |
|---|---|---|
| Overall Pros | Wide range of trading instruments | Transparency of trading conditions |
| 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 | High liquidity. No spread widening at the time of a flat or a fundamental price surge | |
| NAGA is registered with CySEC (Cyprus Securities and Exchange Commission) an authoritative European regulator | Trades in cryptocurrencies are available | |
| Copy trading and PAMM services | Can apply any strategies | |
| Overall Cons | Limited choice of deposit and withdrawal methods | Lack of a regulatory license |
| The inability to replenish the deposit using electronic wallets | ||
| Fixed commissions on almost all types of accounts for each lot held |
NAGA vs ProsperityFX: Safety and Regulation
| Regulated By: | NAGA | ProsperityFX |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
No, in process |
NAGA vs ProsperityFX: Trading Conditions
| Trading Conditions | NAGA | ProsperityFX |
|---|---|---|
Minimum Deposit |
$250 |
$50 ($25 - mini) |
Trading Platforms |
МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App |
МТ4 |
Max Leverage (Futures) |
1-1000 |
1-20 for stocks, 1-100 for cryptocurrencies, 1-200 for commodies, 1-500 for pairs |
Supported Markets |
Forex, stocks, cryptocurrency, indices, commodities, CFDs on stocks, precious metals, ETFs |
Forex, Stocks, Futures, Cryptocurrencies |
Trading assets |
950+ |
200+ |
Trading Accounts |
Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader |
Standard, Pro, VAR, MINI, Islamic |
Base Account Currencies |
USD, EUR, GBP, PLN, NGC |
USD, GBP, EUR, CAD, AUD and BTC, ETH, LTC, Doge, USDT, USDC |
NAGA vs ProsperityFX: Fees
Forex Trading Fees
| Fee | NAGA | ProsperityFX |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
1.2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$7-8 per lot |
ECN Account EUR Average Spread |
Not supported |
0.4-0.8 pips |
CFD Trading Fees
| Fee | NAGA | ProsperityFX |
|---|---|---|
CFD Trading Fee |
Floating spread, Stock CFDs - €0.99 per contract, ETF CFDs 0.1% |
Floating spread |
Non-Trading Fees
| Fee | NAGA | ProsperityFX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
$5 |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
NAGA vs ProsperityFX: Trading Assets
| Asset Name | NAGA | ProsperityFX |
|---|---|---|
Overall |
950+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
Yes |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
Yes |
Binary Options |
No |
No |
NAGA or ProsperityFX: Investment Programs
| Asset Name | NAGA | ProsperityFX |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: ProsperityFX or NAGA
| NAGA | ProsperityFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
Yes |
No |
Others |
No |
No |
|
|
NAGA vs ProsperityFX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | NAGA | ProsperityFX |
|---|---|---|
Bank Transfer |
Yes (Only withdrawal) |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes (Only deposit) |
Yes |
NAGA vs ProsperityFX: Research
| Research Type | NAGA | ProsperityFX |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
NAGA vs ProsperityFX: Education
| Education Type | NAGA | ProsperityFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
ProsperityFX vs NAGA: Support
| Support Features | NAGA | ProsperityFX |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
No |
|
Phone |
Yes |
No |
Online chat |
Yes |
Yes |
Other |
No |
Instagram, Telegram, feedback form |
NAGA vs ProsperityFX: Forex Bonuses and Promo
| Promo | NAGA | ProsperityFX |
|---|---|---|
Forex Bonus |
Only available for signal providers |
No |
Affiliate Program |
No |
Introducing Broker (IB) is a classic affiliate program with attractive conditions for private trader-affiliates. The terms of the program provide for the construction of up to five levels of the network with a percentage increase in remuneration for each new level. Detailed conditions can be obtained only after registration |
Other Promos |
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. |
|
|
|
Top 5 Reviews on ProsperityFX
-
Comment
The Prosperity FX website offers a good monitoring of assets that are currently in growth or decline. Previously, when I worked with another company, I had to use third-party resources to research company shares. Now I conduct analytics on the Prosperity FX website, as well as on the trading platform. It is very comfortable.
-
Comment
The ProsperityFX platform works with constant bugs. During one trading session you have to reboot it several times. And when the news is released, you can forget about trading. In five months of working there, I have never been able to open a trade normally when the market was moving strongly on the news. Overall, I left ProsperityFX and have no regrets.
-
Comment
I cannot recommend working with Prosperity FX. This is, I assume, a fake broker who rented the trading platform. See for yourself. The company's domain was registered in 2018, and the company itself began operating even later. At the same time, the company’s website states that it was created by a group of traders more than 10 years ago. That’s already a deception. Prosperity FX’s legal address is located in an unknown place. Therefore, I don’t think it's clever to send your money to someone unknown, to a company that is deceiving.
-
Comment
These are just scammers! I received a call from ProsperityFX, where they offered reasonable investments with reasonable returns. While I understand there are risks in financial investments, this seems very much like fraud and deception. I transferred $6000 to ProsperityFX, entrusting the management of my account to their managers. I even saw a profit of $680 within the first week. Then, the managers called and suggested depositing an additional $4000, claiming there was a great opportunity to earn more. I believed them and transferred another $4000 to ProsperityFX. After a month, there was only $28 left in my account! The rest of the money was lost due to improper actions by those managing my account. Despite numerous attempts to contact ProsperityFX administration and demand a refund, no one returned anything to me! It's a scam!
-
Comment
I am currently looking for a company to trade on the Forex market. I got my eye on ProsperityFX. I studied the broker's website and its activities. And I came to the conclusion that it is not worth opening an account and trading there, because there are very high risks of non-trading losses. This company cannot be trusted. They do not have a regulatory license, and the company itself is registered somewhere far away, in an offshore zone. In addition, deposits and withdrawals are only available in Bitcoin. And this is the most anonymous payment; it is impossible to refund such payment.
Top 5 Reviews on NAGA
-
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.
-
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.
-
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.
-
Comment
I believe that NAGA is a fraudulent company that is good at deceiving people. They pretend to be an honest company, but their conditions are difficult to monitor. In fact, after trading, the result turns out to be zero. I have decided to stop working with this broker and withdraw the balance from my account. However, NAGA accused me of fraud and blocked my account.
-
Comment
I believe that NAGA combines the worst qualities.I think that quotes can be manipulated here. There is no direct evidence yet, but I will now record a video of this company’s machinations, because NAGA’s strange quotes are being removed from history, it is difficult to prove anything without a video. I do not recommend this broker to you.
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 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.