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