NAGA offers the following account types:
- NAGA demo account
- NAGA standard account
- NAGA Islamic account
What types of trading accounts are available at NAGA?
Below you will find a complete list of all account types available to traders on NAGA, with details on features and useful information for choosing.
The offer carried by the broker may be different depending on your location, since some limitations may be in place. For example, CySEC clients have access to a 30:1 maximum leverage on forex.
NAGA standard account: Best for day-traders
- Availability: Under CySEC; St. Vincent.
- Markets: CFD on forex, indices, commodities, futures, ETFs, crypto, stocks; real stocks (1000+ assets in total).
- Commissions: You will get charged spreads from 1.7 pips; $6 commission on CFD stocks; rollover fee if you hold a CFD position overnight; €0.99 commission on real stocks.
- Platforms: NAGA proprietary web and mobile platform, MT4, MT5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC); up to 1:500 (St.Vincent).
- Special features: Copy and social trading available with NAGA Autocopy on the proprietary platform; Possibility to enter one of the VIP levels tiers and unlock several benefits by depositing from $250 (iron level) up to $100,000 (crystal).
- Account opening: A demo version is available. When you feel ready to open a live standard account, $50 is the minimum deposit requested. To enter the lowest VIP level, a $250 minimum deposit is requested.
NAGA Islamic account: best for Muslim traders
- Availability: Under CySEC; St.Vincent.
- Markets: Forex, indices, commodities, stocks, futures, ETFs, crypto (1000+ assets in total).
- Commissions: Spreads from 1 pip; $6 commission on CFD stocks; €0.99 commission on real stocks.
- Platforms: NAGA proprietary web and mobile platform, MT4, MT5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC); up to 1:500 (St. Vincent).
- Special features: Overnight fees are not charged.
- Account opening: To open an Islamic account, contact the support team.
What happens to inactive NAGA trading accounts?
NAGA does not charge an inactivity fee. Moreover, the account will not become inactive after a certain period of inactivity.
For other management issues, contact the NAGA support team and they will guide you.