NAGA Minimum Deposit: Key Information & Guide (2023)
NAGA have a $50 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.
Round-up
| FEATURES | NAGA MINIMUM DEPOSIT |
|---|---|
| NAGA standard account | $50 |
| Deposit fees | No |
| Withdrawal Fees | No |
| Base currencies | USD, EUR, GBP, PLN |
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Before you open a real account, you can find out the features and how the NAGA account type works.
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, you will find only fiat currencies available to use.
There are a total of 4 fiat currencies that you can choose from. These are:
- USD
- EUR
- GBP
- PLN
NAGA 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 requires a very low minimum deposit of $50. 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.
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.
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.
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