NAGA group includes 2 related companies.
NAGA Markets CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
NAGA SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, SVG company accepts European traders, so one can open a trading account there.
NAGA group accepts clients from all over the world, excluding USA, Iran, Iraq, Cuba, Australia, Belgium, Canada, Israel, Japan, North Korea, Sudan, Syrian Arab Republic, Yemen, Ethiopia, Serbia, Trinidad and Tobago, Tunisia, Turkey, Vanuatu, Sri Lanka, US Minor Islands, US Virgin Islands.
Forex broker offers the following underlying assets for trading.
|55+ Currency Pairs||Based on major and minor world currencies.|
|45+ Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Cardano, Chainlink, Cosmos, Dash, Dogecoin, Monero, Polkadot, Stellar, Siacoin, Tezos, Tron, Ripple, Zcash, EOS, IOTA, NEO, Uniswap, Kava, Filecoin, Solana, Chiliz, AAVE, Algorand, Paxgold, Bancor, Graph, Qtum, Mana, Flow, Compound, Dai, Sandbox.|
|15 Indice Cash CFDs||Based on baskets of different blue-chip stocks snd Volatility Index.|
|5 Indice Futures||Based on baskets of different blue-chip stocks.|
|2 Metal Spot CFDs||Based on Gold and Silver.|
|1 Metal Future||Based on Copper.|
|3 Energy Spot CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|3 Energy Futures||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|4 Soft Futures||Based on Coffee, Corn, Soybean, Wheat.|
|450+ Stock CFDs||Based on shares of US, UK, EU and HK companies.|
|500+ Real Stocks||Real stocks of companies like Apple, Netflix, Tesla etc.|
|17 ETF CFDs||Based on exchange-traded funds containing various tradable assets.|
Set up in 2015 and currently registered and regulated in Cyprus, NAGA Markets is today a large forex & CFD broker with more than 750 trading instruments available for traders to choose from. Although it is heavily focused on the European market, NAGA is able to serve clients globaly, though they do it only through their unregulated Non-EU entity that operates in St. Vincent & the Grenadines (naga.com).
Instead of offering different account types, NAGA categorizes traders into 6 “achievement levels” called Iron Trader, Bronze Trader, Silver Trader, Gold Trader, Diamond Trailer, and Crystal Trader. All of the achievement levels have their own set of requirements, ranging from things like the amount of money a trader has deposited into his trading account, to the number of open and profitable trades.
In addition, the broker has a focus on the social trading experience and so-called “copy-trading”. As a result of this focus, copy-trading is also a requirement to advance in the trader achievement levels, with both the number of traders you copy, and the number of traders that copy you, counting towards your advancement to the next level.
Besides the classic MT4 and MT5 desktop platforms (which are provided both by Cyprus and SVG entities), NAGA offers its own proprietary trading platform, known as NAGA Trader, to its clients. Although it has a very simplistic design similar to what can be found at other “social trading” brokers like eToro, the platform does a good job at what it is designed for. The almost game-like user interface makes the platform extremely easy to use, and it can probably be learned in a short time even for complete beginners.
The platform also includes very simple tools for risk management that automatically calculates relevant levels for things like stop-loss and take-profit, and comes with a negative balance protection system. NAGA Trader is web-based, and is also available in mobile versions for Apple and Android devices.
As already mentioned, the NAGA Trader platform offers a selection of more than 750 different trading instruments to choose from. Among these are more than 45 forex pairs, a range of popular cryptocurrency pairs, a large selection with hundreds of CFDs based on the stocks of major companies, as well as a selection of exchange traded fund (ETF) and commodity CFDs.
The broker does not charge commissions on trades, but the spreads are unfortunately not among the best in the industry, at an average of 1.2 pips on the popular EUR/USD pair.
NAGA accepts all the common methods for deposits and withdrawals, including bank transfers, major payment cards, and e-wallet services Skrill, Neteller, Giropay and even major Crypto coins. Unfortunately, however, the Cyprus entity (NAGA Markets) does not accept cryptocurrencies at this point in time.
For new traders interested in learning more about the forex markets, NAGA offers a very extensive library of educational webinars and video lessons that covers a variety of concepts related to trading. Live webinars are also announced in advanced and are open to the public to register for, it is worth noting that they are available in different languages. All old webinars are published on the broker’s YouTube channel for traders to watch at any time.
Finally, the broker offers 24/5 customer service in multiple languages via local phone numbers in 22 countries around Europe. In addition, traders are welcome to call the dealing desk in Cyprus directly for issues relating to trades and order placement – something we know many traders appreciate.
Call yourself an investor, a trader, whatever it is, as long as you are a participant in the global financial markets, Naga is a broker that... probably has what you need. The broker has real stocks that you can trade, and receive dividends as companies distribute them. They are also registered in the stock market, which makes them a company that can buy and sell their shares.
The broker has excellent ratings on many sites like fx-list, I might note.
The fact you are able to trade more than a 1000+ instruments across so many asset classes, or can buy real stocks, hang around on their platform, cut through the noise in the markets, use all their tools and instruments for analysis, deposit and withdraw freely, and all that in a safe infrastructure.
Overall I think it's a great option to go for, when it comes to finding a suitable and proper broker that could solve your needs.
Despite the fact that this is a solid company with great experience and authority, any trader can open an account here. Company has no high requirements and I was able to open an account with a small initial deposit.
Pretty decent registration process, execution is amongst the best, pretty good number of assets, good support, good tools. Nothing extremely powerful or something I haven't seen before, but for sure, pretty good broker to have an account with.
The quintessence of quality and modernity is something that typical trader these days require. I really like the services offered by this NAGA broker, including its VIP account levels, rapid trading platforms, and opportunity to invest into real stocks.
The list of trading instruments is almost endless =) I haven't seen so many assets in one place since... never actually. And this opens up so many possibilities for all the clients of Naga.
The customer service at NAGA is fantastic. Whenever I have a question or an issue, they are quick to respond and always helpful. In addition to the support benefits, NAGA offers a range of trading tools that have helped me immensely in my trading.
I stumbled upon a gem in the financial market – a company that has surpassed my expectations. Their platform offers a seamless experience while navigating through the different features. What sets Naga apart is their commitment to security. They prioritize the safety of users' funds. Furthermore, their educational resources have been instrumental in expanding my trading knowledge.
I don't think this broker lacks anything a trader needs. I use the MT4 and trade myself, but the broker has a solid copy trading service for those that are interested.
I am glad that the support team helped me with the registration and verification of my account. Thanks to their work I was able to start trading without any difficulty.