Trading 212 vs NAGA - Fees Review included
Which broker is better Trading 212 or NAGA? Our expert assessment conducted according to TU’s own methodology showed that Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 4.89 out of 10. NAGA is one of the top brokers in the financial market with the TU Overall Score of 4.15 out of 10. Find out more about TU Overall Score.
| Feature | Trading 212 | NAGA |
|---|---|---|
Overall |
3.9 |
4.2 |
4.5 |
4.1 |
|
3.5 |
4.4 |
|
4.7 |
4.5 |
|
Investment Instruments |
1 |
4.9 |
Platforms and Charting Tools |
2.8 |
4.4 |
Deposit and Withdrawal |
4.1 |
2.9 |
Research |
3.7 |
3.1 |
Education |
3.8 |
3.5 |
Support |
3.9 |
3.6 |
Bonuses |
1 |
4.1 |
Trading 212 vs NAGA: Pros and Cons
The Trading 212 brokerage company (trading212.com) is registered to do business in London in 2006. Its specialization is the provision of services for investment and active trading in the foreign exchange and stock markets. The company is regulated and licensed by the UK Financial Conduct Authority (FCA) and by CySEC in Europe. The broker does not provide data on awards received during the work.
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.
| Trading 212 | NAGA | |
|---|---|---|
| Overall Pros | low level of the minimum deposit | Wide range of trading instruments |
| a large selection of trading assets | 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 | |
| Big choice of Stocks and ETFs | NAGA is registered with CySEC (Cyprus Securities and Exchange Commission) an authoritative European regulator | |
| UK and EU regulated broker | Copy trading and PAMM services | |
| Overall Cons | lack of investment programs | Limited choice of deposit and withdrawal methods |
| a small number of ways to contact support | ||
| the company does not hold contests for traders |
Trading 212 vs NAGA: Safety and Regulation
| Regulated By: | Trading 212 | NAGA |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
No |
Trading 212 vs NAGA: Trading Conditions
| Trading Conditions | Trading 212 | NAGA |
|---|---|---|
Minimum Deposit |
£1, €1 |
$250 |
Trading Platforms |
Web platform, a mobile app for iOS and Android |
МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App |
Max Leverage (Futures) |
1:30 (retail clients), 1:500 (Pro clients) |
1-1000 |
Supported Markets |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Forex, stocks, cryptocurrency, indices, commodities, CFDs on stocks, precious metals, ETFs |
Trading assets |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
950+ |
Trading Accounts |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader |
Base Account Currencies |
GBP, EUR |
USD, EUR, GBP, PLN, NGC |
Trading 212 vs NAGA: Fees
Forex Trading Fees
| Fee | Trading 212 | NAGA |
|---|---|---|
Standard Account EURUSD Average Spread |
2.3 pips |
1.2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | Trading 212 | NAGA |
|---|---|---|
CFD Trading Fee |
Other fees |
Floating spread, Stock CFDs - €0.99 per contract, ETF CFDs 0.1% |
Non-Trading Fees
| Fee | Trading 212 | NAGA |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
0,7% if you deposit more than 2000 EUR with debit or credit card |
No |
Withdrawal Fee |
No |
$5 |
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.
Trading 212 vs NAGA: Trading Assets
| Asset Name | Trading 212 | NAGA |
|---|---|---|
Overall |
over 12000+ |
950+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes |
Yes |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
Yes |
Binary Options |
No |
No |
Trading 212 or NAGA: Investment Programs
| Asset Name | Trading 212 | NAGA |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: NAGA or Trading 212
| Trading 212 | NAGA | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
Trading 212 |
Yes |
Others |
No |
No |
Trading 212 vs NAGA: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Trading 212 | NAGA |
|---|---|---|
Bank Transfer |
Yes |
Yes (Only withdrawal) |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
No |
Crypto |
No |
Yes (Only deposit) |
Trading 212 vs NAGA: Research
| Research Type | Trading 212 | NAGA |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
Trading 212 vs NAGA: Education
| Education Type | Trading 212 | NAGA |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
NAGA vs Trading 212: Support
| Support Features | Trading 212 | NAGA |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
No |
Trading 212 vs NAGA: Forex Bonuses and Promo
| Promo | Trading 212 | NAGA |
|---|---|---|
Forex Bonus |
No |
Only available for signal providers |
Affiliate Program |
Promo offer. It works according to the principle of a standard referral program. A client of the company becomes a partner of a broker, receives an individual referral link and attracts new users to the company. The referrer gets a bonus for each new active trader. Trading 212 provides a tiered referral program that rewards every client and friend they refer with a free share (or a share of the whole share) up to €100/GBP. |
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. |
|
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.
Top 5 Reviews on Trading 212
-
Comment
I haven’t traded or registered with Trading 212 yet, but I think I should try, since the company is interesting. I am currently studying reviews about this broker. So far nothing bad has happened.
-
Comment
I like trading with trading 212. The conditions are normal. The minimum deposit is really minimal - €1, but it is better to make a normal deposit, you understand. The platform works properly too. I checked the quotes, they correspond to the market. Sometimes, opening and closing of trades is not fast enough, but it is within reasonable time.
-
Comment
I have been trading with Trading 212 for almost 2 years. The broker is not bad and it withdraws money. However, there are some problems: there are requotes and the platform freezes sometimes. But the broker is regulated, which is a plus! I’m currently trading with another company, but I have this one in mind.
-
Comment
Withdrawals and execution are fine at Trading 212. Now I make a profit, but there were different situations. I decided to trade here, as they withdraw money without any problems.
-
Comment
I came to trading 212 a couple of years ago, it’s a worthy company. What I like most is the respectful attitude towards the trader. The support has helped me more than once; the operators regularly advise me on all issues that arise. This helps me a lot in trading.
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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.