XTB vs NAGA - Fees Review included
Which broker is better XTB or NAGA? Our expert assessment conducted according to TU’s own methodology showed that XTB is one of the top brokers in the financial market with the TU Overall Score of 5.17 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 | XTB | NAGA |
|---|---|---|
Overall |
4.3 |
4.2 |
4.7 |
4.1 |
|
3.8 |
4.4 |
|
4.7 |
4.5 |
|
Investment Instruments |
1 |
4.9 |
Platforms and Charting Tools |
4.4 |
4.4 |
Deposit and Withdrawal |
4.8 |
2.9 |
Research |
4.1 |
3.1 |
Education |
4.4 |
3.5 |
Support |
4.5 |
3.6 |
Bonuses |
4.6 |
4.1 |
|
|
|
XTB vs NAGA: Pros and Cons
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
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.
| XTB | NAGA | |
|---|---|---|
| Overall Pros | 2100+ trading instrumetns | Wide range of trading instruments |
| Big choice of ETF CFDs | 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 | |
| Everage EURUSD spread 0.1 pip | NAGA is registered with CySEC (Cyprus Securities and Exchange Commission) an authoritative European regulator | |
| Advanced xStation trading platform | Copy trading and PAMM services | |
| Well regulated broker | ||
| Overall Cons | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. | Limited choice of deposit and withdrawal methods |
| High stock CFDs fees |
XTB vs NAGA: Safety and Regulation
| Regulated By: | XTB | NAGA |
|---|---|---|
US Regulation |
NO |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
International Financial Services Commission in Belize. (IFSC License No.: 000302/185) |
No |
XTB vs NAGA: Trading Conditions
| Trading Conditions | XTB | NAGA |
|---|---|---|
Minimum Deposit |
$1 |
$250 |
Trading Platforms |
MetaTrader 4 and xStation 5 |
МТ4, МТ5, NAGA Web App, NAGA iOS App, NAGA Android App |
Max Leverage (Futures) |
1-500 (only for non EU and UK clients), 1-30 |
1-1000 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
Forex, stocks, cryptocurrency, indices, commodities, CFDs on stocks, precious metals, ETFs |
Trading assets |
2100+ |
950+ |
Trading Accounts |
Demo, Standard, Pro, Islamic |
Demo, Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trader, Crystal Trader |
Base Account Currencies |
USD |
USD, EUR, GBP, PLN, NGC |
XTB vs NAGA: Fees
Forex Trading Fees
| Fee | XTB | NAGA |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
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 | XTB | NAGA |
|---|---|---|
CFD Trading Fee |
0.3% for stock and ETF CFDs trading, 4USD per 1 BTC, 10 ETH, 1000 LTC |
Floating spread, Stock CFDs - €0.99 per contract, ETF CFDs 0.1% |
Non-Trading Fees
| Fee | XTB | NAGA |
|---|---|---|
Account Fee |
$10 EUR per month |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
1.5% of the amount (but not less than USD 30) when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay. When withdrawing to Neteller and Skrill, XTB charges 2% of the withdrawal amount. |
$5 |
Inactivity Fee |
€10 per month after 12 months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XTB vs NAGA: Trading Assets
| Asset Name | XTB | NAGA |
|---|---|---|
Overall |
2100+ |
950+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
XTB or NAGA: Investment Programs
| Asset Name | XTB | NAGA |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: NAGA or XTB
| XTB | NAGA | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
xStation 5 |
Yes |
Others |
No |
No |
|
|
|
XTB vs NAGA: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | XTB | NAGA |
|---|---|---|
Bank Transfer |
Yes |
Yes (Only withdrawal) |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
Yes (Only deposit) |
XTB vs NAGA: Research
| Research Type | XTB | NAGA |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
XTB vs NAGA: Education
| Education Type | XTB | NAGA |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
NAGA vs XTB: Support
| Support Features | XTB | NAGA |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XTB vs NAGA: Forex Bonuses and Promo
| Promo | XTB | NAGA |
|---|---|---|
Forex Bonus |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
Only available for signal providers |
Affiliate Program |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
No |
Other Promos |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
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 XTB
-
Comment
There are quite a lot of brokerage companies. There are good and bad brokers, and those who have nothing to do with financial markets at all. XTB is not a perfect company, but it has many advantages over others. Its main advantage is client support, account maintenance, and a low entry threshold. Personally, I decided on this company.
-
Comment
I chose XTB among many brokers 6 months ago. Spread is low, execution is smooth, and withdrawals are quick on weekdays. This is quite enough for me.
-
Comment
xtb is an excellent company, I have been working with it for 3 years. I withdraw large sums to the card. The quotes are even without problems, there is a choice of other platforms, and fees are minimal. I totally confirm reviews of xtb!
-
Comment
I consider xtb a promising broker. I worked with it for some time — everything was excellent and most importantly of high quality. When I was withdrawing funds for the first time, I had to wait a little and I even started to get nervous, but in the end everything worked out. So I recommend this company as honest and of high quality.
-
Comment
XTB is a good broker, without any pitfalls. It withdraws everything within 24 hours and its servers are stable. So far, I’m happy.
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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.