NAGA has a wide range of markets to enjoy and choose from. NAGA is a CFDs broker and every asset listed on the platform is offered in CFDs with the exception of Shares.
There are 48 currency pairs that can be traded with spreads from 1 pip with no additional commissions per lot traded.
With the NAGA VIP levels, the spread can be lowered and there is a 30:1 leverage with NAGA Markets Europe Ltd, 500:1 leverage using the services of NAGA Global LLC.
There are 5 commodities that can be traded as CFDs at NAGA within the metals, energies and agricultural industries.
CFDs are the product on offer for trading the indices. There are 13 indices. You can choose from European, Japanese and US indices, so there is a wide range of the most liquid markets.
You can invest in over 500 shares from 9 stock exchanges including NASDAQ, NYSE, HKSE and 6 European stock exchanges. If you’re from the European Union and use MT5 or NAGA trading platforms, you will be able to buy real stocks commission-free for opening and closing the trade and earn dividends.
There are over 17 ETFs with spreads ranging from 4 to 14 pips. This type of instrument is an investment fund traded on stock exchanges which hold assets such as stocks, commodities, or bonds and generally operate with an arbitrage mechanism designed to keep it trading close to its net asset value.
You can trade futures in 20 assets with spreads starting at 0.04 pips.
Then we come to the crypto space where this broker excels. There are 30 CFDs on crypto with Bitcoins, Ethereum, Litecoin championing the list. You can only buy them as CFDs.
Execution, leverage and position sizing
The best features offered by NAGA are indeed their Trading Features. As like you are going to see, NAGA offers a number of great proprietary trading instruments, but let’s dive into this section:
As stated, NAGA is a STP broker which means you will find an immediate order execution process since client orders are sent directly to the market without passing them through a dealing desk.
NAGA leverage depends on the regulation you fall under and on the instruments. Leverage in forex is the ratio of the trader’s funds to the size of the broker’s credit. The leverage size usually exceeds the invested capital for several times, but for some countries, there are restrictions to how much leverage a trader is able to use for leverage trading comes at a huge risk. The following are NAGA leverage tiers:
- Traders under NAGA Markets Europe Ltd are allowed to have max leverage on major forex pairs of 30:1 according to ESMA/MiFID laws.
- Using the services of NAGA Global LLC, traders are provided leverage up to 500:1.
When it comes to trading, you will want to position yourself according and depending on your risk appetite. NAGA minimum sizing is 1 micro lot which in forex, is the equivalent to a position size as low as 0.01 standard lots. A 0.01 standard lot is equal to $1000 (non-leveraged) and this amount will be lower depending on the leverage you apply.
When it comes to managing your risk, NAGA offers 5 main risk management tools which are:
- Stop Losses
- Take Profits
- Limit Orders
- Trailing Stop
- Margin Calls
Let’s look into what these are and see how they can assist you in your trading plan.
Stop losses and take profit are orders that allow you to protect your positions from losses and secure gains. These can be very helpful to enable you to determine your pre-determine risk and risk-reward ratio.
Limit orders are a tool that guarantees prices but not execution. It works asking NAGA to open a trade once the price has reached a very specific level. This can be useful for when you are not at your desk, in a highly volatile market, or managing multiple trades.
The Trailing Stop helps you to secure profits while the asset keeps moving in the right direction and can enable you to maximise on a winning position or set a series of levels to target and break even at.
Margin Calls will warn you when your equity is below a certain level and enables the broker to ensure that their customers are good for funding their positions and solvent. Overall this is essential to the day to day runnings of the financial and commodity markets services industry.
The forex trading is available between 5:00 pm ET and Friday at 5:00 pm ET.
The trading hours of metals, indices, stocks, ETFs and futures depend on the asset.
Forbidden trading techniques
Unfortunately, this broker is restricted in terms of the style that you may wish to trade in. For instance, NAGA only allows hedging, so any other technique cannot be applied on the NAGA Platforms.
If you intend to trade with a third party’s robots, or an EA (expert advisor), these aren’t allowed on the NAGA platforms. No spread betting is allowed and VPS aren’t permitted.
Platforms & Mobile
Finally, let’s delve into the array of platforms and trading software on offer from this broker.
Charting and Trading tools
Charting and trading tools are provided by every NAGA proprietary platform and MetaTrader 4 and 5. With more than 50 chart indicators and 30 trading tools, you will be on the right track to making a profitable trading system.
The one-click trading technology and the ability to set orders directly from the chart is essential for chartists and is great for scalpers. Price alerts are available as well so you can be tuned into the volatility at all times and not miss essential levels to help you ensure timely entries and exits no matter where you are.
As common practise, brokers offer the most popular trading platform on the market, despite it being rather outdated these days and not the most forgiving styled-out interface.
However, traders are familiar with it and this is essential for minimising human errors. Moreover, it gets the job done and is a powerful trading platform with encrypted communications between you and the servers. Not least, there are over 50 indicators and charting tools for CFDs where you can copy other traders.
MT4 is available for Apple, IOS/Mac, Windows, Android and Webtrader.
This is the new version of MT4 and while it has improved on the older version, it remains behind in terms of popularity – (the old adage, ‘If it ain’t broken, don’t fix it’ applies here).
On MT5 there are more indicators, with an economic calendar, 6 more pending orders available and market depth is shown across 21 total timeframes. Unlike MT4 which is restricted to CFDs, with MT5 you will be able to trade both CFDs and real stocks.
MT5 is available for Apple, IOS/Mac, Windows, Android and Webtrader.
NAGA Web Trader
This now brings us to the inhouse technology from NAGA. The broker offers NAGA Web Trader which is the proprietary platform of the broker. No download is needed and it has all MT5 features available. However, this is a more modern style of fintech and is far more user friendly with way more features such as: trading signals, social trading features with news feeds, copy trading, and an inbuilt blog. Deposits, withdrawals and live support also available.
NAGA Mobile Platform (iOS/Android)
Then, finally, for those who wish to trader on the go, NAGA offers the very same features as the NAGA web trader which can be applied to both Android and iOS mobile phones.
Special features you can find on NAGA
NAGA has a number of products to be enjoyed by all levels of traders and comes with some unique in house developed products as well. Let’s check them out.
NAGA VIP levels
A neat product that the broker offers is the NAGA VIP levels where you can get rewarded each time you reach a level.
The more you trade, the higher your chances of becoming a NAGA Influencer and earning even more exclusive rewards. For example, the more you deposit (or the higher the equity) the more benefits you’ll get. Let’s have a look at these:
- Iron Trader: $250.
- Bronze Trader: $2500.
- Silver Trader: $5.000.
- Gold Trader: $25.000.
- Diamond Trader: $50.000.
- Crystal Trader: $100.000.
You can be awarded lower spreads, lower CFD commissions and higher commission is earned per copier. You can also enjoy better market insights and signals, free webinars.
Social Trading – Copy Trading
Copy profitable investors in the social and copy trading service can engage with those services with NAGA, which gives you the ability to follow successful traders and benefit from their trading strategies.
Copy trading and Social Trading is available on the NAGA AutoCopy feature, where you can interact with other NAGA traders thanks to the News Feed. If you are copying expert clients’ trades, you will find a fixed commission of €0.99, with an additional 5% commission if the profit of the copied trade is more than €10.00.
Meanwhile, if you are being copied, you earn a commission depending on your NAGA VIP Level, from $0.12 for Iron Traders up to $0.32 for Crystal Traders.