NAGA provides a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers.
Available accounts include the Standard Account, ideal for day traders and traders can benefit from features such as copy and social trading, and the Islamic Account, ideal for traders of the Islamic faith by providing a swap-free trading environment.
Each NAGA account type has distinct pricing models and offers platform compatibility across MT4, MT5 and NAGA proprietary web and mobile platform.
The availability of the NAGA account types is subject to Regulatory compliance, trader expertise, and regional restrictions.
What types of trading accounts are available at NAGA?
The NAGA account types are listed below.
- NAGA demo account
- NAGA standard account
- NAGA Islamic account
NAGA Standard Account: Best for day-traders
The NAGA Standard Account is designed for day-traders. Traders benefit from features like copy and social trading through NAGA Autocopy on the proprietary platform, with spreads starting from 1.7 pips and leverage up to 1:30 under CySEC regulation or up to 1:500 under St. Vincent regulation. A minimum deposit of $50 is required to open this account, with VIP tiers available starting from a $250 deposit, unlocking additional benefits.
The features of the NAGA Standard Account are listed below.
- 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
The NAGA Islamic Account is tailored for Muslim traders adhering to Sharia law and offers access to over 1,000 assets. This account type ensures compliance by not charging overnight fees, with spreads starting from 1 pip and leverage options up to 1:30 under CySEC regulation or up to 1:500 under St. Vincent regulation.
The features of the NAGA Islamic Account are listed below.
- Availability: Under CySEC; St.Vincent.
- Markets: Forex, indices, commodities, stocks, futures, ETFs, crypto (1000+ assets in total).
- Commissions: Spreads from 1 pip; $6 commission on CFD stocks; €0.99 commission on real stocks.
- Platforms: NAGA proprietary web and mobile platform, MT4, MT5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC); up to 1:500 (St. Vincent).
- Special features: Overnight fees are not charged.
- Account opening: To open an Islamic account, contact the support team.
How to compare the NAGA trading accounts?
The table to compare the NAGA trading accounts is shown below.
| NAGA Account Types | Minimum Deposit ($) | Minimum Spread (pips) | Volume-Based Commissions | Overnight Fees | Minimum Trade Size (lots) |
|---|---|---|---|---|---|
| NAGA Demo Account | N/A | N/A | N/A | No | N/A |
| NAGA Standard Account | $50 | 1.7 | $6 commission on CFD stocks; €0.99 commission on real stocks | Yes | 0.01 (1 micro lot) |
| NAGA Islamic Account | Contact support | 1 | $6 commission on CFD stocks; €0.99 commission on real stocks | No | 0.01 (1 micro lot) |
What are the requirements to open a NAGA account type?
The requirements to open a NAGA account are listed below.
- Contact requirements: The contact requirements of NAGA include a valid email address and a valid phone number
- Age requirements: The age requirement at NAGA is that you must be over 18 years old to open an account
- Legal requirements: The legal requirements at NAGA include complying with KYC laws by verifying your identity with documents such as a passport or utility bill.
- Minimum deposit requirements: NAGA minimum deposit to activate a live trading account is $50
- Regulatory requirements: The regulatory requirements at NAGA stipulate that you must be a resident in a country where the broker operates
- Knowledge requirements: The knowledge requirements at NAGA include answering questions about your trading experience and financial knowledge before accessing complex financial products.
Do NAGA account types charge inactivity fees?
No, NAGA account types do not charge inactivity fees. Traders can keep their accounts open without worrying about additional charges, even if they do not trade for an extended period. The broker does not penalize users for inactivity, allowing them to return whenever they choose without financial consequences.
NAGA does not impose inactivity fees, which means traders with dormant accounts can maintain their balance without deductions. While some brokers apply fees to inactive accounts after a certain period, NAGA does not follow this practice. Users who take a break from trading can resume their activity at any time without concerns about hidden costs.
Demo accounts remain free of inactivity charges under NAGA fees. These trial accounts use virtual funds, meaning traders owe nothing to the broker. Abandoning a demo account does not lead to additional costs because the funds are not real, and the broker does not require any further action from the user.