Naga Broker Reviews and Full Information

What exactly is Naga?

Naga was founded in 2015 as an Fintech company that offers access to global markets via decentralized technology, as well as the required support to ensure that investors worldwide can gain greater opportunities.

The firm was established under Cyprus laws. It has as well as complies with European laws that allow the access of trade with financial markets and cryptocurrency, stocks and other virtual productssupporting the major global markets. 

Naga Pros and Cons

Naga is a reliable broker offering a the largest selection of trading instruments and an extremely competitive trading environment for social trading. Costs and platform are both good as are the research and education tools.

On the downside, the situation is different based on the enityt . There is no support available 24/7.

10 Points Summary

Is Naga an authentic or legitimate scam?

NAGA group has taken all the necessary steps to become a fully controlled and transparent company and therefore isn't fraudulent, it's a publicly traded, and is it is also a broker licensed by an CySEC located in Cyprus and a company in technology that operates in Germany.

NAGA is a registered trademark of the NAGA Group AG, a German located FinTech company that is publicly traded in the Frankfurt Stock Exchange (WKN A161NR DE000A161NR7). This provides a certain degree of stability, along with a solid establishment and operational foundation. Additionally, NAGA is backed with an Chinese fund FOSUN which makes it a reliable firm in any circumstance.

Furthermore, there's an entity in SVG that offers global expansion for NAGA service, and as when it is authorized and controlled by European laws, it is to be safe, even though it is legally registered within the offshore region.

Along with a variety of quality standards and high-reliability as a public corporation, NAGA also complies its trading services with the standards that are set by MiFID. Therefore the funds of traders are kept separate from those of the company's and are protected through a compensation program in the event of broker's bankruptcy.

Leverage

Additionally, when trading with Naga you have access to the flexibility of leverage, which allows you to manage and control risk better, and in line with your preferences in trading. But, since Naga is an European broker, its offers fully in line with ESMA limitations, and therefore is subject to recent updates to make use of lower leverage. Therefore, there is a maximum leverage for retail traders is 1:10 while professionals are able to have higher ratios once their professional status is established.

Social Trading

Naga offers a variety to invest in financial assets using manually or automatically managed investments, Social Trading opportunity and trading of more than 500 instruments such as ICOs, and many more. In reality, Naga Markets is a public FinTech company listed located in Frankfurt that is backed by Multibillion fund FOSUN which offers the transparency of trading procedures.

In the end, Naga constantly add on innovative ideas and new challenges that will allow for rapid growth of the company and clients too.

What Are Naga Costs?

Once you decide to trade with Naga, you many choose from 5 fiats (USD/EUR/GBP/PLN/CHF) or 4 crypto- based trading accounts available for all types of investors with no diverse of trading conditions based on deposits or so.

Spreads

Naga offers on its website an its offering of most competitive spreads for all traders, regardless of the size of their accounts, meaning that every investor can benefit from more favorable trading conditions. The typical spreads for USD/EUR are 1.2 pip and is considered to be a great spread-mong industry offering. For the other options, they might be commissions on certain instruments that you can find directly on the website.

In addition, when using social trading, all expenses and the spread of profits between the master as well as copy accounts will be automatically calculated.

For instance as an example, you could look at the table below to see the average spread of various currencies, and you could compare fees to another well-known broker Avatrade.com.

Rollover

Always take into consideration the Naga rolling over or the overnight fee as a charge to be paid on positions that last longer than a day . It is determined by the direction of trade , whether selling or buying and refer to a few examples below.

Trading Platforms

Another thing that is amazing, as we've discovered in the NAGA review is the possibility of choosing between the one you're using. Therefore, you can pick either MetaTrader4 and its more recent Version MetaTrader5 and the an exclusive application NAGA web platform and its applications.

Although MT4 and MT5 don't require a lot of words to introduce themselves because of its worldwide recognition and its powerful capabilities that are in your arsenal for automated or manual strategies. NAGA trading platform offers more capabilities and a perfect balance between its user-friendly interface and the advanced solutions.

NAGA as an fintech company, made it an excellent software that can satisfy the most demanding needs, and is backed by 24/7 support along with news streaming and complete analysis capabilities. One of the major elements of NAGA offering is the social trading feature and you'll find a fantastic capabilities for copy trading and is built on proprietary algorithms that identify the best traders and top trades, as well as a variety of benefits.

Additionally, there's an amazing service that is offered through Naga Exchangethat allows unlimited and free commission-free cryptocurrency and fiat tradingthrough the largest social network. If you're a an experienced or novice trader, Naga welcomes both with the unique opportunity to replicate trades or serve as the "master". 

What are the Funding Methods Naga provides?

Naga is compatible with all major credit cards, cryptocurrencies and other payment options like electronic-wallets.

In addition, in February 2019, the company has introduced NAGA Card and IBAN that lets users manage their funds and pay for goods or services much easier, with all the advantages offered by NAGA MasterCard.

Naga minimum deposit

The company has no minimum requirement from Nagafor the first time deposits however, as the broker states generally, new traders deposit as low as 200$ to be exposed to nearly every market and test Naga conditions. It is important to note that every payment method might require a minimum amounts for transfer.

Naga minimal deposit, compared to other brokers

Withdrawal

The withdrawal options available at Naga are the same as deposit options that include your Naga's own Naga MasterCard or Bank Transfers. Naga covers all deposits fees regardless of the method you choose to choose to transfer money, when it comes to withdrawals, usually Naga will not waive fees, however it is best to consult your provider to determine if there are any charges applicable due to transfer laws.

Conclusion

All in all, Naga Review shows that we are a broker that is able to use technology and a steady development of innovative trading. There are a lot of investment opportunities whether for novices, social trading or for an experienced trader looking for innovative trading options with good trading conditions and fees. Along with its obligation to regulate Naga appears to be a suitable choice for a brokerage company to us , and may be a great partner in your journey to trading.