Naga Markets Minimum Deposit Guide

filippo ucchino Filippo Ucchino calendar Last Updated: May 2022 timer 3 min read

Naga Markets doesn’t have any minimum amount to open a trading account. However, depending on the amount of money that will be deposited, there’s a tier system called NAGA VIP levels. You can get rewarded each time you reach a level: the higher the deposit, the better the benefits will be.

The broker also provides several payment methods to make the minimum deposit and several base currencies to manage your account.

Find all the details in this guide.

Table of contents

Round-up

FEATURES NAGA MARKETS MINIMUM DEPOSIT
Naga Markets standard account $0
Deposit fees No
Withdrawal Fees No
Base currencies USD, EUR, GBP, PLN, NGC, BTC, ETH, BNB

Visit Naga Markets
(76.69% of retail CFD accounts lose money)

Before you open a real account, you can find out the features and how the Naga Markets account type works.

Naga Markets NAGA VIP levels

NAGA VIP LEVELS Minimum Net Deposit needed
Iron Trader $250
Bronze Trader $2,500
Silver Trader $5,000
Gold Trader $25,000
Diamond Trader $50,000
Crystal Trader $100,000

NAGA base currency

First of all, looking at the base currencies, or those which are available to execute trades in with Naga Markets, you will find both fiat currencies, and cryptocurrencies are available to use.

There are a total of 4 fiat currencies that you can choose from. These are:

  • USD
  • EUR
  • GBP
  • PLN

If these currencies do not suit your needs for any reason then Naga cryptocurrency deposits are available in the form of:

  • Naga Coin (NGC)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Binance Coin (BNB)

naga trader naga coinNaga Markets funding and deposit methods

Just like other free forex accounts without deposit requirements which you can find here by reading our top choices for low no minimum deposit brokers, Naga does not require or request any kind of minimum deposit. This provides you with a great deal of flexibility as a trader.

Naturally, Naga makes a variety of payment methods available to you if you are wishing to make a deposit. Here are some of the available methods and the specifics related to them:

Wire transfer

Naga deposit by wire transfer is available to everyone within the trader base of the company.

This method features no minimum deposit requirement from the broker and typically takes between 2-3 business days in order to fully process and be available for trading.

Credit/debit cards

Credit and debit card deposits are available through Naga. These can be accessed using Visa, Mastercard, or Maestro which accommodates many traders worldwide.

If these methods do not fit your requirements then you can also apply for the Naga card which they will deliver to you on request. This card is prepaid by you and connected to your account. Using the card, you can deposit in USD, EUR, and GBP from around the world.

Deposits made with any of these account types are instant, and there is no minimum deposit in place for this method.

naga trader naga card

eWallets

eWallets are a hugely popular deposit method throughout the industry, with most top forex brokers facilitating some method. At Naga, Neteller and Skrill are both available.

These convenient methods are both instant in nature and again, no minimum deposit is applied when depositing in this way.

Cryptocurrency deposit

When you first sign up with Naga, you will receive your own crypto wallet address. This address can be used to fund your Naga account with any of the 8 accepted cryptocurrencies. These currencies include the companies’ own native coin, as well as other major cryptocurrencies such as:

  • Naga Coin
  • Bitcoin
  • Bitcoin Cash
  • Binance Coin
  • Dash
  • Ethereum
  • Litecoin
  • Ripple

Other methods

The other method of deposit which Naga makes available is Giropay. Like every other funding method, this is again instant and no minimum deposit applies.

NAGA deposit bonus

Naga bonus, as with every other forex broker operating in Europe, is restricted by the likes of MiFID regulations.

Anyway, the broker does not offer traders any kind of bonus, but they also do not require any minimum deposit.

If you are still interested in the deposit bonus then you should check our brokers bonus article to see what are the best bonuses around.


74-89% of retail CFD accounts lose money

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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