The online brokerage firm NAGA requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with NAGA is $50, which can be deposited via various methods, including wire transfer, credit/debit cards and ewallet.
NAGA generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the NAGA minimum deposit?
The NAGA minimum deposit is $50 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.
NAGA also provides several payment methods to make the minimum deposit and several base currencies to manage your account.
The NAGA minimum deposit features are listed in this table below:
| NAGA DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| NAGA standard account | $50 minimum deposit |
| Deposit fees | No |
| Withdrawal Fees | No |
| Base currencies | USD, EUR, GBP, PLN |
(80.85% of retail CFD accounts lose money)
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 |
What are the NAGA account base currencies?
The NAGA account base currencies include USD, EUR, GBP, PLN.
You will find only fiat currencies available to use with NAGA. There are a total of 4 fiat currencies that you can choose from. These are listed below:
- USD
- EUR
- GBP
- PLN
What are the NAGA funding and deposit methods?
The NAGA deposit methods features and fees are listed below.
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.
Does NAGA offer deposit bonuses?
NAGA doesn’t offer deposit bonuses at the moment.
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.