Naga Trader Minimum Deposit Guide (2020)

Filippo Last Updated: November 2019 3 min read

One of the most important factors when engaging with a new forex broker is how you can deposit funds, and also how much you have to deposit.

If you are using Naga Trader, you can already see a lot of this information through our Naga Trader review.

Here though we will take a more in-depth look at the specifics around the Naga Trader minimum deposit and funding options.

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    Naga Trader 5 stars
    NagaTrader logo
    • Regulated: CySEC
    • Platforms: Proprietary
    • Min. Deposit: $1
    NagaTrader logo
    • Regulated: CySEC
    • Platforms: Proprietary
    • Min. Deposit: $1

    79.67% of retail CFD accounts lose money

    NAGA Base Currency

    First of all, looking at the base currencies, or those which are available to execute trades in with Naga Trader, 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, and PLN.

    If these currencies do not suit your needs for any reason then Naga cryptocurrency deposits are available in the form of NGC (Naga Coin), Bitcoin, Ethereum, and BNB.

    naga trader naga coin

    NAGA Trader Funding and Deposit Methods

    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 4-7 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, Naga Coin as well as other major cryptocurrencies such as Bitcoin, Bitcoin Cash, Binance Coin, Dash, Ethereum, Litecoin, and 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.

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    79.67% of retail CFD accounts lose money

    NAGA Trader Minimum deposit

    As per other free forex accont without deposit, Naga does not require or request any kind of minimum deposit. This provides you with a great deal of flexibility as a trader.

    The broker does suggest though that you make a minimum deposit of $200 so that you can fully experience the platform in the best possible way.

    Related Guides:

    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.

    Naga Trader 5 stars
    NagaTrader logo
    • Regulated: CySEC
    • Platforms: Proprietary
    • Min. Deposit: $1
    NagaTrader logo
    • Regulated: CySEC
    • Platforms: Proprietary
    • Min. Deposit: $1

    79.67% of retail CFD accounts lose money


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    Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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