NAGA Trader Review 2020 – Review, Feedback, Tutorial, Pros and Cons, Comments

Filippo Last Updated: August 2020 19 min read
security 95
cost 56
trading 53
education 79
Rated: Excellent
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In this Naga Markets review, you’ll find everything you need to dispel any doubt, including our feedback on Naga Markets, both practical and technical, after years of experience on the platform.

The best thing you could is to open a free demo account to try out first-hand the Naga Markets platforms, to be able to fully follow this report.


Naga Markets review

Naga Markets, as mentioned, is a relatively new broker. This is positive when it comes to security given how stringent the regulatory framework of the industry has become over recent years. Let’s establish where exactly the firm is registered and what regulatory body catchment area the firm falls under.

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Foundation and Offices

The broker is European, founded in 2015 in Germany. Naga Markets has 2 offices, one in Germany and one in Cyprus.

  • Germany: Hermeskeiler Str. 20, 54320 Waldrach, Germany.
  • Cyprus: Ariadnis 7, Moutayiaka, CY-4531 Limassol, Cyprus.


As for the regulatory bodies, NAGA Markets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), with a licence number of 204/13. This is the supervisory and regulatory authority for investment services firms in Cyprus. NAGA Markets holds a cross-border CySEC licence, authorising the provision of investment and ancillary services.

All in all, you can have peace of mind knowing that forex brokers regulated in Cyprus are completely accountable to the CySEC under the MiFID directive, and are liable to legal action.

Additionally, NAGA Global is incorporated under the laws of St. Vincent and the Grenadines as an International Business Company (IBCN24501IBC2018) and is an operating subsidiary within The NAGA Group.

Money Protection

Now that we have established who Naga Markets regulators are and where they operate, it’s time to check out how safe your money is with this broker.

First and foremost, you can be assured that your funds are held in segregated bank accounts. To learn more about how your funds are therefore safe-guarded, you might wish to go to the FCA and CySEC websites where it is explained that the segregation of client money from a firm’s own money is an important safeguard for its protection.

Naga Markets offers Negative Balance Protection which is an automated adjustment of the account balance to zero in case it becomes negative after the market falls below your stop. A stop-loss is designed to limit traders’ loss on a market position.

While forex accounts are considered to be highly leveraged which may potentially increase the risk of losing more than invested, the negative balance protection means that Naga Markets’ traders cannot lose more than deposited. This protection is offered worldwide, even if outside the EU is not mandatory.

In any case, even if something were to happen to your funds, in say some fraudulence for which the company was unable to prevent, Investor Compensation Fund, which is a Cyprus investors compensation fund and it is available to EU and UK traders. This level of cover is available up to €20.000 or £85.000 of your funds, respectively.


Despite being such a young company, relatively speaking, it’s reassuring to know that it has already achieved one award in its inception back in 2016. This was the “Finovate Best of Show” in London, for being one of the first brokers to offer Social and Copy-trading services.

So, it has been living up to the fintech expectations from day one as we thought it might. This is a space for which the company would be expected to excel and worth keeping an eye on for more of the same from this broker.

Not Accepted Clients

NAGA Markets Ltd offers services to residents within the European Economic Area, excluding Belgium. NAGA Markets Ltd does not provide investment and ancillary services in the territories of third countries.

    • Belgium
    • United States
    • Canada
    • Cuba
    • Iran
    • North Korea
    • Syria
  • Pros
    • NAGA Markets is regulated and fully compliant
    • Naga offers negative balance protection worldwide
    • A young and moving with the times’ broker
    • Lack of worldwide presence and offices in key markets
    • A few years have gone by since its last awards given back in 2016.

    Naga Markets review
    Costs and Accounts

    So, we have covered security, let’s get into the types of facilities and costs to accounts when trading with this broker. We want to keep costs to a minimum when trading, so it is key that while we have security, we are minimizing costs where we can from a competitive broker. So let’s get into it.

    From off the bat, we know that account opening procedures are industry standard and relatively easy to accomplish in a fast manner.

    The broker, adhering to Know Your Customer regulations, simply requires your identification, proof of residence, and then a little bit of your time spent in filling out a questionnaire. On an initial deposit to round off the process, you will then be a proud owner of a Live Standard Account with Naga Markets.

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    Account Types

    There are a number of account types to go for depending on your trading style and level of experience and participation in the market.


    As with all brokers, when starting out with them, you want to assure that you get to understand and familiarise yourself with their trading software. When it comes to trading, you want to mitigate the human errors that we all make from time to time.

    So, Naga offers an unlimited demo account which is an ideal place to start. The demo account can be opened with just an email, your full name and a telephone number – easy as ABC. Of course, the money is virtual, so there’s no risk involved as both earnings and losses are virtual.

    When you switch from a demo to a live trading account, you are entitled to move back at any time and vice-versa. You can even run both accounts at the same time which enables you to sharpen your trading skills and test out strategies on a demo where you will not be committed to depositing real money.

    Naga Standard Account

    When you are ready to open a live account, most may wish to start with a standard trading account where there is no minimum deposit for a basic account.

    This is a facility that is tiered with respect to the types of features and cost benefits depending on how much you deposit.

    The benefits kick in under the “Naga Achievement” by Naga, where we will disclose full details on this a little further down in this review – so be sure to read on.

    Meanwhile, it’s good to know that on this account, there is a 30:1 leverage within the European Union (EU) and 1000:1 outside the EU with floating spreads starting at 1 pip.

    Account Base Currency

    Unlike with some brokers who are strictly based in USD, for example, when funding your account, it is refreshing to see that there are a number of non-exotic currencies that you can choose to do this from. These are as follows: EUR, GBP, PLN, USD or CHF.

    This enables you the flexibility to fund the account from the basis of your domicile which will presumably match the currency of your bank account or credit card. This is important in order to avoid unnecessary bank charges and currency conversions on your deposits and withdrawals.


    When it comes to depositing, this is an area that Naga Markets excels owing no doubt to its fintech expertise and wide capabilities. Let’s get into it.

    Naga Minimum deposit

    First and foremost, the broker does not have a minimum deposit which is ideal if you are a novice in trading and only wish to start small and test the waters.

    What Naga offers is a series of brackets and the way it works is, quite simply, the more you deposit, the more benefits you will get.

    For instance, the first one will start from $250 or 5 NGC (NAGA Coins), while the best one is offered from $100.000 or 5000 NGC.

    Yep, Naga has its own cryptocurrency! Well, would you expect anything less from this broker? You can also deposit BTC and more cryptocurrencies. This is a feature that is rising in demand as we move throughout the ages as more people gravitate in this direction in 2020.

    Deposit Methods

    Again, this broker’s fintech capabilities are vast and enable them to offer a vast number of ways in which to deposit your funds. Given their fintech capabilities, every deposit method is usually fee-free and almost instant.

    When it comes to standard wire transfers, there are 30 banks that are accepted. Then we have the Credit/Debit Cards via services from Visa, Mastercard or Maestro which are generally instant.

    Staying with cards, the broker offers its ‘Naga Card’. This is prepaid card technology. The Prepaid Naga Markets Credit Card can be requested once you meet specific Naga Markets requirements. You can deposit EUR, USD and GBP from all over the world which is also generally instant.

    Of course, there are eWallets on offer. Neteller and Skrill are alternative options for those who have it and which are also generally instant and competitively priced.

    Crypto Wallets are accessible for trader deposits and Naga offers its own crypto wallet with a specific address so that you can deposit cryptos. The following are the current 7 cryptocurrencies that the broker accepts deposits in for which may take just a few hours to settle: Naga Coin, Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple.

    Alternatively, there are over 140 additional deposit methods, including via mobile operators, ATM and more methods

    Deposit Fees

    With this broker, the deposits are usually fee-free outside of standard bank processing costs, or in case of international bank transfers. You will need to check those external costs out at your end and seek out the most suitable way to send funds in this case. However, outside of that, there could be a conversion fee applied if your base currency doesn’t match the currency you make the deposit with.


    Withdrawal Methods

    We can refer to the above methods for withdrawals as there is the same availability.

    When withdrawing funds, there could be a 48 hour time-lag depending on the method chosen and on the location for which the funds are instructed to be paid. However, these are common industry practices.

    Withdrawal Fees

    One of the features of the service when withdrawing your funds is that they are always free of charge.

    Spreads & Commissions

    A critical feature of any broker is of course how much the broker charges for transacting in the market. Let’s take a delve into how this broker fares in a competitive market space where over the years, the spreads on offer for retail traders have become extremely fine.

    Naga Markets offers floating spreads starting from 1 pip. While this appears to be cheap, this is family standard nowadays, however, with the NAGA Achievements program, this value can be lowered. For EU traders shares trading, meanwhile, come with 0% commissions. For example, spreads on the most traded instruments come as follows:

    • EUR/USD: 1 pip
    • SPX500: 0.800 pips
    • US Shares: 0.00%
    • BTC: 500.00/unit


    So, having covered payments, withdrawals and spreads, it’s now time to look at the other types of fees that we need to consider when trading.

    When in the market, fees can typically be expected to be applied for holding positions overnight, especially in the case of CFDs, or Contracts for Differences. These overnight fees refer to the amount of interest paid on leverage.

    Let’s look into the types of trading fees you can expect with Naga Markets, including inactivity fees.

    Overnight Fees

    Since this broker works as a CFDs provider, with few exceptions, overnight fees are charged on almost every asset. As a standard market practice, these fees are charged every day at the closing market hour.

    Before you decide on the platform for which you prefer to use, you will want to check the amount that will be charged. Meanwhile, if you are an Islamic trader, you may be interested in opening a swap free account.

    Real Trading

    Available on stocks only when using MT5 or the proprietary Naga Markets trading platforms. This facility is for EU traders only where there are no commissions when opening and closing the position. No rollover fees will be applied and you can earn dividends if the company distributes them. Meanwhile, at Naga Markets, you can invest in over 400 shares from 9 stock exchanges including NASDAQ, NYSE, HKSE and 6 European stock exchanges.

    Inactivity Fees

    When you open a real account with Naga, you need to ensure that you are committed to trading with this firm for it you leave the account inactive for too long, fees will start to be applied. This is common practice at any broker.

    Naga will charge an inactivity fee from the first day of a new month after leaving the account inactive for 3 months. The fee will be $20 in order to maintain the broker’s costs for hosting your money. But it is more of a deterrent as the broker doesn’t want hundreds of empty accounts clogging up their systems and staff compliance resources.

    It is worth knowing that if the money on your account isn’t sufficient to cover fees, Naga may reserve the right to close your account. Please note that this fee won’t be applied if you’re a demo account holder and if you haven’t opened a real money account with Naga.

    • A friendly demo account which is accessible to you at all times
    • This broker offers a huge range of payment methods
    • Deposits are generally fee-free and easy to make
    • Variety of crypto deposits
    • There is only one account type at the moment
    • No competitive prices and fees when depositing small amounts
    • There is an inactivity fee which no one likes to be paying

    Naga Markets Review

    Naga Markets trading features are limited due to the fact that this broker is a dealing desk and not giving direct market access to their traders. There are pros and cons to this, but let’s take a look into what trading conditions to expect as a consequence of this below.

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    Trading Features

    The best features offered by Naga Trader 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 Markets is a CFD Market Maker broker which means that it will not give direct access to the international markets but has an internal market. Market Makers act as a DD (Dealing Desk), since they are the counterpart for both buying and selling positions.

    So, when trading with Naga Markets pricing parameters will be similar to the international market, but they are usually higher due to the broker mark-up. However, in this day and age, spreads are so fine it is neither here nor there.


    When it comes to trading, you will want to position yourself according and depending on your risk appetite. Naga Markets 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.


    Unfortunately, this broker is restricted in terms of the style that you may wish to trade in. For instance, Naga only allows scalping and 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 Markets platforms, since naga provides its own robo advisor (CYBO). No spread betting is allowed and VPS aren’t permitted.

    Risk Management

    When it comes to managing your risk, Naga Markets 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.

    Trading Hours

    As for trading hours, these are the times where an asset is available for trading. The following are the broker’s specific times:

    • Naga opens Forex from Monday morning in New Zealand and closes Friday afternoon in the United States
    • Cryptocurrencies trade around the clock 7-days a week
    • Metals open Monday to Friday, but close for an hour around between 11 pm to 12 am
    • Indices, stocks, ETFs and futures trading times depend on the asset itself


    Naga Markets 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 Markets leverage tiers:

    • EU traders are allowed to have max leverage on major forex pairs of 30:1 according to ESMA/MiFID laws.
    • Non-EU traders are provided leverage up to 1000:1

    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 Markets 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.

    MetaTrader 4

    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.

    MetaTrader 5

    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: CYBO robo advisor, 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.


    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 over 500 assets that can be traded including its original assets which are the Naga Save-Index and NAGA-COIN.


    There are 50 currency pairs that can be traded with spreads from 1 pip with no additional commissions per lot traded.

    With the NAGA Achievement program, the spread can be lowered and there is a 30:1 leverage within the EU, 1000:1 leverage outside the European Union.


    There are 10 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 14 international indices plus one original Naga index. You can choose from European, Japanese and US indices, so there is a wide range of the most liquid markets.

    Naga-save is an index developed by Naga which is designed to be a safe haven for your portfolio.

    Of course, there is not a great deal of exposure considering how unique this is and it is very slow but showing steady growth. It was launched in 2018 with a starting value of 100.0 points and it provides a 0.05% safe growth per year.

    Interestingly, the Naga-Save index value didn’t crash even when the international markets were crashing due to the COVID-19 pandemic, confirming its purpose of being a safe place to store the money. Something to keep an eye on as this broker and its technologies emerges into the mainstream.


    You can invest in over 400 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 15 ETFs with spreads ranging from 0.4 to 2 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 indices futures in 12 assets with spreads starting at 0.4 pips.


    Then we come to the crypto space where this broker excels. There are 15 crypto assets in total with Bitcoins, Ethereum, Litecoin championing the list. You can buy them as CFDs or real and store them into the Naga crypto wallet.

    As we have already discussed, you can deposit and withdraw real cryptocurrencies and buy NAGA-Coins, which is the NAGA Markets cryptocurrency. NGC is recognized as a valid base currency for the account, meaning you can deposit in NGC in order to open your account.


    Naga Markets 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-Save Index

    So, the unique products come with the NAGA safe haven for money where NAGA market experts will invest in forex by exploiting the interest rates differences between 2 currencies in the pair. It offers a very slow, but steady, ROI.


    The Original Naga markets coin is a compelling instrument in a fast-growing and popular market place. It can be used to trade or to upgrade the status of your account according to the NAGA Achievements Program. Paying fees in NGC will reduce the related costs of your transactions.

    NAGA Achievements

    A neat product that the broker offers is the NAGA Achievement program 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: 5 NGC or $250.
    • Bronze Trader: 50 NGC or $2500.
    • Silver Trader: 225 NGC or $5.000.
    • Gold Trader: 600 NGC or $25.000.
    • Diamond Trader: 1500 NGC or $50.000.
    • Crystal Trader: 5000 NGC or $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, free NAGA Card and free transactions.


    This is only available only to Silver or higher ranked traders where the robot analyzes the market and finds trading opportunities.

    The assistant can help with risk management and reduce margin errors and it’s available on mobile as well. However, this is only available on the NAGA proprietary trading platform.

    Naga protector

    This automatically sets take profits and stop losses levels according to NAGA Markets insights and market knowledge.

    Naga Card

    The Naga Card is a free feature for Diamond and Crystal traders. Other account levels have to request it and pay a monthly fee. It will be delivered to your address and offers deposit and withdrawals in EUR, USD and GBP. There are direct ATM physical cash withdrawals and faster withdrawals and deposits. You will need to check the credit card status on MY NAGA area.

    Naga Crypto Wallet

    A free Crypto wallet provided by Naga where you can deposit and withdraw cryptos in over 100 countries. There are 7 cryptos available. These include the NAGA-COIN, BTC, ETH, XRP.

    NagaX Crypto Exchange

    You trade cryptos against other cryptos or against fiat currencies. There are over 20 cryptos to use in your wallet. You can also trade with NGC as well.

    Social Trading – Copy Trading

    Copy profitable investors in the social and copy trading service which is becoming a popular option for traders. It gives you the ability to follow successful traders and benefit from their trading strategies.

    It is available on NAGA proprietary platform and you can interact with other NAGA Markets traders thanks to the News Feed. You will earn a commission on the growth of the trader’s portfolio. Meanwhile, if you’re being copied, you earn a commission of $0.10 per copied operation if you’re an Iron Trader, up to $0.30 for Crystal Traders.

    • Great offering of proprietary assets and services
    • Popular copy-social trading features to assist you in your earning potential
    • High 1000:1 leverage outside the EU for those seeking to capitalise in high leverage
    • The company champions superb Crypto features
    • There is the Real shares trading option for EU traders
    • No nano lots sizing for beginners or trial trading
    • Only by depositing higher amounts of money will entitle you to some benefits of features
    • There is a hefty fee for the minimum deposit needed to unlock all Naga proprietary services

    Naga Markets Review
    Education and Support

    Naga Markets offers education and support services in a good amount of languages. However, the educational material is limited to novice traders in the main.

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    There is an excellent array of communications at Naga which is available in over 15 languages including English, German, Spanish, Italian, Chinese, Vietnamese, Thai, Indonesian, and Hindi.


    Naga offers an economic calendar which offers a “reminder” of important events that will take place in the near future, that may cause an asset to rise or fall for which traders can have direct access to and position themselves accordingly with. There is an additional feature that gives you the expected impact on the news.

    Earnings reports are published with this broker and similarly to the economic calendar, there is a reminder of when the companies listed into the NAGA Markets platforms are going to release their earnings reports.

    Customer Service

    There is a FAQ section to help you access quick information, but there is also a live chat, as well as the option to phone calls and email. Naga supports 25 phone numbers you can call to, one for each language available.


    With this broker, traders can enjoy some 20 video tutorials for beginners as well as daily lessons and insights with blog posts. There are also webinars in 15 languages.

    • There is a solid variety of languages to select from
    • There is great international customer service in all the various languages
    • The Webinars are also in a wide number of languages, 10 in total
    • The research features are basic so you will need to dig deeper elsewhere
    • There are no advanced trading tutorials

    Naga Markets Review
    Our Opinion

    Founded in 2015, Naga Markets is a young broker that had a promising start. It was on the top 50 IPO in Germany with a fast listing in the country stock exchange. Besides, It was awarded the “Finovate Best of Show” in 2016.

    There is definitely growth potential and we will be watching for this broker as it revolutionizes the market and continues to come up with additional offers and unique services.

    It was one of the first brokers to offer social-copy trading features. Besides, in 2018 they launched the first-ever CFD in-game videogames items trading, where you are essentially allowed to speculate on the price of virtual items available on videogames’ internal markets and shops. However, this is not available anymore.

    For the intermediate and expert traders looking for standard assets and services, you may want to consider other social-copy trading broker choices.

    On the other hand, the Naga-save index and naga-coin help this broker to stand out from the crowd for its uniqueness. Also, if you are into the crypto market space, then this could be a great broker for you with over 15 crypto assets available.

    Meanwhile, the spreads are still quite high, even for the Crystal Traders (the highest NAGA Achievement tier obtainable with equity above $100.000) have higher spreads than every basic retail account offered by any ECN, NDD or STP brokers.

    There is also a lack of account types, so not much room there and the poor research section is left wanting. However, the good educational section and the 1 pip spreads make this broker a good choice for beginners that are looking for a young and revolutionary broker.

    Naga Markets Pros and Cons


    • Naga Markets is regulated and a compliant broker where you will have peace of mind that even in volatile market conditions
    • You will be protected by its negative balance protection no matter where in the world you are
    • Great payment service. Cost-effective, fast and efficient
    • The Real Cryptos and real Shares are available
    • Huge offering of NAGA-proprietary services and assets
    • Copy-social trading features are quality
    • High 1000:1 leverage for traders domiciled outside the EU.
    • There are also over 20 languages available making this a very accessible service.


    • Despite the array of languages available, there is a poor international physical presence
    • The broker is a young company, but it would be good to see some more awards from them since we have only seen one which was the first award back in 2016
    • Huge deposit required for enjoying a full experience and there are no nano lots available
    • Basic research and education offering
    • There are no advanced trading tutorials with this broker, so the more experienced will not be here for any further education.

    Naga Trader FAQs

    Is Naga Trader scam?

    No. Naga Trader is a very safe and well-regulated broker.They have been around in the industry for many years and are not a scam at all. For more information check the Naga Markets Security section in our Naga Trader Review.

    What is the minimum deposit on Naga Trader?

    Naga Trader has no minimum deposit. However, there are multiple account tiers. The more you deposit, the higher your account tier could be. With this, you will have access to an increasing number of benefits.

    Which fees are applied by Naga Trader fees?

    Naga Trader applies spreads, overnight fees, and some other fees, though they try to remain competitive in this area of Naga Trader fees throughout. For more information, check our Naga Trader Review.

    Is autocopy trading allowed by Naga Trader?

    Yes, Naga Trader was one of the first brokers to offer Copy Trading services. These are still offered and well supported by the broker.

    What are the withdrawal fees with Naga Trader?

    Withdrawals with Naga Trader are generally fee free. The only exception here may be if your own bank charges a fee for making withdrawals by wire transfer.

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    NAGA Trader Review 2020 – Review, Feedback, Tutorial, Pros and Cons, Comments

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