Quotex vs NAGA - Fees Review included
Which broker is better Quotex or NAGA? Our expert assessment conducted according to TU’s own methodology showed that Quotex is one of the top brokers in the financial market with the TU Overall Score of 8.9 out of 10. NAGA is one of the top brokers in the financial market with the TU Overall Score of 6.31 out of 10. Find out more about TU Overall Score.
| Feature | Quotex | NAGA |
|---|---|---|
Overall |
2.8 |
4.2 |
1 |
4.1 |
|
3.3 |
4.4 |
|
3.1 |
4.5 |
|
Investment Instruments |
1 |
4.9 |
Platforms and Charting Tools |
3.9 |
4.4 |
Deposit and Withdrawal |
4.6 |
2.9 |
Research |
1.5 |
3.1 |
Education |
2.3 |
3.5 |
Support |
3.0 |
3.6 |
Bonuses |
3.8 |
4.1 |
|
|
|
Quotex vs NAGA: Pros and Cons
QUOTEX is a broker specializing in binary options trading. The company was established in 2019. Its clients can trade currencies, metals, oil, cryptocurrencies, stock indices and earn a profit of up to 90% of the value of the option. QUOTEX has developed a proprietary trading platform which is easily customized, supports 29 technical indicators and allows investments from USD 10. The broker’s team provides support 24/7. Personal and payment information of the clients are protected with two-factor authentication
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.
| Quotex | NAGA | |
|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | Wide range of trading instruments |
| No trading fees and no deposit, withdrawal and account fees | 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 | |
| Algorithmic trading is technically impossible | NAGA is registered with CySEC (Cyprus Securities and Exchange Commission) an authoritative European regulator | |
| Copy trading and PAMM services | ||
| Overall Cons | No Regulatory License | Limited choice of deposit and withdrawal methods |
Quotex vs NAGA: Safety and Regulation
| Quotex | NAGA | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
|
Investor protection |
€20,000 |
|
FCA UK Regulation |
No |
|
FINRA (U.S) |
No |
|
BaFin (Germany) |
No |
|
ASIC (Australia) |
No |
|
CFTC (U.S) |
No |
|
MAS |
No |
|
FSCA SA |
No |
|
BVI FSC |
No |
|
VFSC |
No |
|
FSA (Seychelles) |
Yes |
Quotex vs NAGA: Trading Conditions
| Trading Conditions | Quotex | NAGA |
|---|---|---|
Minimum Deposit |
$10 |
$250 |
Trading Platforms |
Own platform |
МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App |
Max Leverage (Futures) |
Not provided technically |
1-1000 |
Supported Markets |
Currencies, raw materials, stocks |
Forex, stocks, cryptocurrency, indices, commodities, CFDs on stocks, precious metals, ETFs |
Trading assets |
80+ |
950+ |
Trading Accounts |
Single account for binary options trading |
Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
USD, EUR, GBP, PLN, NGC |
Quotex vs NAGA: Fees
| Quotex | NAGA | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,1 |
|
Standard acc. spread EUR/USD, max pips |
0,0 |
|
ECN Commission |
||
ECN Spread EUR/USD |
||
Deposit fee, % |
No |
|
Withdrawal fee, % |
No |
|
Withdrawal fee, USD |
0-5 |
|
Inactivity fee, $ |
50 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Quotex vs NAGA: Trading Assets
| Asset Name | Quotex | NAGA |
|---|---|---|
Overall |
80+ |
950+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
No |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
Quotex or NAGA: Investment Programs
| Asset Name | Quotex | NAGA |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: NAGA or Quotex
| Quotex | NAGA | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
Yes |
Others |
Own trading platform |
No |
|
|
|
Quotex vs NAGA: Deposit and Withdrawal Methods
| Quotex | NAGA | |
|---|---|---|
Bank Wire |
||
Bank Card |
||
Neteller |
||
BTC |
||
Wise |
||
Payoneer |
||
USDT |
Quotex vs NAGA: Research
| Research Type | Quotex | NAGA |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Quotex vs NAGA: Education
| Education Type | Quotex | NAGA |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
NAGA vs Quotex: Support
| Support Features | Quotex | NAGA |
|---|---|---|
Working Days |
24/7 |
24/5 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Feedback form |
No |
Quotex vs NAGA: Forex Bonuses and Promo
| Promo | Quotex | NAGA |
|---|---|---|
Forex Bonus |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
Only available for signal providers |
Affiliate Program |
Yes. Payouts up to 80% of income or up to 7% of referral turnover |
No |
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 Quotex
-
Comment
uma das melhores corretoras que ja vi, intuitiva e simples, sem delay alem de ser bonita, sem complicações com saques, larguei muitas das outras por essa
-
Comment
I found the QUOTEX platform through reviews in trader chats, and I was drawn in by the low minimum starting amount — just $10. One of the main advantages is the simple and user-friendly platform with no complicated settings: it only took a couple of minutes to figure out how to place trades and use indicators. I traded currency pairs and often relied on the signals provided directly in the terminal by the broker — their accuracy didn’t always align with the actual market conditions, but on average, they proved to be effective. Over the course of a month, I earned around $40 in net profit while trading with small amounts.
-
Comment
A QuotexBroker é uma plataforma de opções binárias excelente, que se destaca principalmente pela tecnologia presente em toda a plataforma. Os seus gráficos e funcionalidades, profissionais, modernos e limpos, refletem a alta performance dos seus desenvolvedores. Recomendo fortemente a utilização da Quotex para traders avançados e que esperam o máximo de segurança e desempenho nas suas operações.
-
Comment
I found the Quotex interface surprisingly user-friendly. It’s available in six languages, I had no issues using the English version. The app runs fast, especially on Android. Trading is done through the web platform, so there’s no need to download anything. There are 43 instruments available, including 23 currency pairs. I liked that order processing time ranges from 0 to 4 seconds. However, it’s worth noting that stocks aren’t included among the instruments, and there’s no option to set up managed accounts.
-
Comment
Criei a minha conta na Quotex há alguns meses e minha experiência tem sido muito boa. A plataforma é bem limpa e intuitiva, o que foi ótimo pra mim que estava começando e não entendia muito de binarias. A conta demo me ajudou a praticar bastante antes de colocar dinheiro de verdade. Os depósitos e saques (uso o Pix) são bem rápidos e não tive problemas. Recomendo!
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.