NAGA vs RoboForex vs Admiral Markets - Fees Review included
| Feature | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Overall |
4.2 |
4.9 |
4.7 |
4.1 |
4.6 |
5 |
|
4.4 |
4.9 |
4.8 |
|
4.5 |
5 |
4.7 |
|
Investment Instruments |
4.9 |
4.8 |
4.5 |
Platforms and Charting Tools |
4.4 |
4.9 |
4.6 |
Deposit and Withdrawal |
2.9 |
4.8 |
4.4 |
Research |
3.1 |
4.9 |
4.6 |
Education |
3.5 |
4.8 |
4.4 |
Support |
3.6 |
5.0 |
4.4 |
Bonuses |
4.1 |
5 |
3 |
|
|
|
|
NAGA vs RoboForex vs Admiral Markets: 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.
RoboForex is a brokerage company that was founded in 2009. It provides services to financial markets in 169 countries. More than 3.5 million users are RoboForex clients. RoboForex is the leading software developer in the Forex industry. RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize.
The Admiral Markets broker company commenced operations in 2001. The broker’s activities are registered and licensed by the Australian Securities and Investments Commission (ASIC). Admiral Markets now operates in more than 40 countries with a cash cycle of up to USD 40 billion. The broker holds a lifetime license issued by the Federal Financial Markets Service. It is also regulated by the Financial Conduct Authority (FCA). Access to the FX+Project as one of their specific features. In 2002 Admiral Markets was awarded the “Forex 2012” (“Best of the Best”) by The New Europe Magazine.
| NAGA | RoboForex | Admiral Markets | |
|---|---|---|---|
| Overall Pros | Wide range of trading instruments | Trading With Leverage up to 1:2000 | Well-Regulated broker |
| 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 | Near 9000 supported trading assets | 3400+ trading instruments | |
| NAGA is registered with CySEC (Cyprus Securities and Exchange Commission) an authoritative European regulator | Low trading and non trading fees | Low trading and non trading fees | |
| Copy trading and PAMM services | Passive income with copy trading | Invest account for stock and ETF trading | |
| Great bonus programs | 6 free stock trades per day | ||
| Instant withdrawal of funds | Fee discounts for big volume trading | ||
| Best choice of Forex EA, Forex bots builder | Any strategy is allowed | ||
| Advanced trading platforms | Free VPS | ||
| Direct stock trading, Over 4500 stocks and ETFs | |||
| Overall Cons | Limited choice of deposit and withdrawal methods | Lack of cryptocurrency tools when trading on the R Trader platform | No forex bonuses |
| A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime |
NAGA vs RoboForex vs Admiral Markets: Safety and Regulation
| Regulated By: | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-3 |
Tier-3 |
Investor protection |
€20,000 |
€20,000 |
€20,000 |
FCA UK Regulation |
No |
No |
No |
FINRA (U.S) |
No |
No |
No |
BaFin (Germany) |
No |
No |
No |
ASIC (Australia) |
No |
No |
No |
CFTC (U.S) |
No |
No |
No |
MAS |
No |
No |
No |
FSCA SA |
No |
No |
No |
BVI FSC |
No |
No |
No |
VFSC |
No |
No |
No |
FSA (Seychelles) |
Yes |
No |
No |
NAGA vs RoboForex vs Admiral Markets: Trading Conditions
| Trading Conditions | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Minimum Deposit |
$250 |
$10 |
$1 |
Trading Platforms |
МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
МТ4, MT5 |
Max Leverage (Futures) |
1-1000 |
1-2000 |
1-500 |
Supported Markets |
Forex, stocks, cryptocurrency, indices, commodities, CFDs on stocks, precious metals, ETFs |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Forex, Stocks, ETFs, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Trading assets |
950+ |
8700+ |
3500+ |
Trading Accounts |
Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader |
Pro, Pro Cent, ECN, Prime |
Trade.MT4, Trade.MT5, Invest.MT5, Zero.MT4, Zero.MT5 |
Base Account Currencies |
USD, EUR, GBP, PLN, NGC |
USD, EUR |
EUR, USD, GBP, CHF, BGN, RUB, RON, PLN, HUF, HRK, CZK |
NAGA vs RoboForex vs Admiral Markets: Fees
| Fee | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,1 |
0,5 |
0,5 |
Standard acc. spread EUR/USD, max pips |
0,0 |
2 |
2 |
ECN Commission |
2 |
2 |
|
ECN Spread EUR/USD |
0,2 |
0,2 |
|
Deposit fee, % |
No |
No |
No |
Withdrawal fee, % |
No |
0-4 |
0-4 |
Withdrawal fee, USD |
0-5 |
0-1,3 |
0-1,3 |
Inactivity fee, $ |
50 |
No |
No |
NAGA vs RoboForex vs Admiral Markets: Trading Assets
| Asset Name | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Overall |
950+ |
9700+ trading assets |
3500+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Yes |
Bonds |
No |
No |
Yes (CFD) |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
Yes |
No |
No |
Binary Options |
No |
No |
No |
NAGA or RoboForex or Admiral Markets: Investment Programs
| Asset Name | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Copy Trading |
Yes |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
No |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: NAGA or RoboForex or Admiral Markets
| NAGA | RoboForex | Admiral Markets | |
|---|---|---|---|
MT4 |
Yes |
Yes |
Yes |
MT5 |
Yes |
Yes |
Yes |
cTrader |
No |
Yes |
No |
Appropriate platform |
Yes |
R StocksTrader, RoboForex Terminals |
Admirals, StereoTrader |
Others |
No |
No |
No |
|
|
|
|
NAGA vs RoboForex vs Admiral Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Yes |
Neteller |
Yes |
Yes |
Yes |
BTC |
Yes |
No |
No |
Wise |
No |
No |
No |
Payoneer |
No |
No |
No |
USDT |
Yes |
No |
No |
NAGA vs RoboForex vs Admiral Markets: Research
| Research Type | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
News Feed |
Yes |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Yes |
Trading Ideas |
No |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Yes |
NAGA vs RoboForex vs Admiral Markets: Education
| Education Type | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
Yes |
Yes |
Yes |
Articles |
Yes |
Yes |
Yes |
Videos |
Yes |
Yes |
Yes |
Cent account |
No |
Yes |
Yes |
NAGA vs RoboForex vs Admiral Markets: Support
| Support Features | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Working Days |
24/5 |
24/5 |
24/5 |
Yes |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Yes |
Online chat |
Yes |
Yes |
Yes |
Other |
No |
No |
NAGA vs RoboForex vs Admiral Markets: Forex Bonuses and Promo
| Promo | NAGA | RoboForex | Admiral Markets |
|---|---|---|---|
Forex Bonus |
Only available for signal providers |
Welcome bonus $30 Classic first deposit bonus up to 120% |
No |
Affiliate Program |
No |
Up to 40% of trading commissions |
up to $600 per client |
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. |
||
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Top 5 Reviews on NAGA
-
Comment
I trade on the NAGA Web App platform — it’s convenient, well-optimized for browsers, and doesn’t require installation. Chat support responds quickly, but only in English. It can be challenging for beginners, especially when technical questions arise. On the plus side, there’s clear trader performance data in Auto-Copy and an easy-to-use copy trading feature. The $250 entry threshold may seem high, but it’s balanced by a solid range of tools and analytics.
-
Comment
I mainly use NAGA because of its access to a social trading platform. It allows you to copy trades from traders with verified performance statistics, which can be convenient for generating passive income. The minimum deposit is $250 — not the lowest on the market, but you do get full functionality with ratings and analytics. I also like that you can track both active and closed trades of the trader you're copying.
-
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.
Top 5 Reviews on RoboForex
-
Comment
I chose RoboForex for its combination of high order execution speed and favorable conditions for investors. Spreads start from 0.2 pips, and leverage goes up to 1:2000 — the highest among regulated brokers. I really like the CopyFx investment platform, which allows you to follow successful traders and diversify risks. Most accounts offer free deposits and withdrawals. RoboForex provides reliable fund protection, including negative balance protection, and also safeguards traders’ interests through a compensation fund of up to €20,000.
-
Comment
I consider RoboForex the best broker in terms of the number of available instruments: over 12,000 financial assets, including currencies, stocks, indices, commodities, ETFs, and cryptocurrencies. The minimum deposit is just $10, making it easy to start even without a large initial capital. Trading is available on popular platforms like MT4, MT5, WebTrader, and R StocksTrader. I was pleasantly surprised by the instant processing of withdrawal requests — funds arrive within an hour. Plus, they have a great loyalty program where each participant can get up to 20% commission cashback.
-
Comment
I work with RoboForex because of its high reliability and the wide range of features it offers for active traders. The broker is regulated by the FSC (Belize) and is also a member of The Financial Commission, which provides a compensation fund of up to €20,000. The company has been in the market for over 16 years, which inspires confidence. Key advantages include fast order execution and tight spreads — for most major pairs, spreads consistently stay within 0.2–0.4 pips. The negative balance protection system works flawlessly, and leverage up to 1:2000 allows for efficient capital use.
-
Comment
RoboForex is an excellent choice for those who value a wide range of assets and a low entry threshold. The platform offers five account types: ProCent, Pro, ECN, Prime, and R StocksTrader, as well as a broad selection of account currencies—USD, EUR, GOLD. The minimum trade size starts at 0.01 lots, which is very convenient for testing strategies and managing risks. More than 10 deposit and withdrawal methods are available, including SEPA, bank cards, Skrill, Neteller, AdvCash, Visa/Mastercard, and others. I would also highlight the bonus programs, such as the Welcome Bonus, and the quality mobile version that allows trading and account management from any device.
-
Comment
I’ve been trading with RoboForex for several years and can highlight several strengths of this broker. The minimum deposit is only $10, which allows even beginner traders to test the platform without significant investment. There is a huge selection of instruments—over 12,000—including currency pairs, CFDs on stocks like Apple, Google, Tesla, indices, metals, and ETFs. Leverage up to 1:2000 offers the flexibility to implement a wide range of trading strategies. The EUR/USD spread starts from 0.2 points, and order execution is almost instant thanks to market execution. Another big plus is the instant withdrawal and the CopyFx program, which lets you both copy successful trades and attract referrals with up to 84% commission payouts.
Top 5 Reviews on Admiral Markets
-
Comment
Admirals offers a decent risk management system. For most assets, spreads range from 0.1 to 0.4, and execution is Market Execution. Trading is available via WebTrader and mobile app. Support responds within 24 hours. The only downside is a withdrawal fee, but it is fixed with no hidden charges.
-
Comment
You can open an Invest account with as little as $1, but it's not suitable for active trading. For CFD trading, the broker offers access through the MetaTrader platform — with over 5,000 instruments, including bonds and stock indices. The stop-out level is 50% for retail clients. Even during high market volatility, the platform remained stable, and orders were executed without delays.
-
Comment
I was interested in the social trading feature—Admiral Markets offers its own Copy Trading system where you can replicate trades from other traders. The subscription fee is charged only when you make a profit. The MQL5 Community program is also available via MT4/MT5. I tested both— the interface is user-friendly, and the performance stats are displayed accurately.
-
Comment
Leverage conditions vary depending on the regulator — under the FCA, the maximum is 1:30, while with ASIC or CySEC, it can go up to 1:500 if you qualify as a professional trader. This is something to keep in mind when choosing a jurisdiction. Spreads start from 0.2 pips on major pairs, and order execution is stable. On the plus side, the broker is licensed by the FCA, CySEC, ASIC, and JCS. Verification was quick — my documents were reviewed within two days.
-
Comment
I was looking for a reliable broker with excellent service and support and found it in Admirals. There were some difficulties when passing verification due to problems with my passport, but the support was attentive and helped solve all the problems. Now I trade with Admirals and receive a stable income, feeling calm and confident.
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.
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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.