NAGA Broker Review 2025

NAGA offers various account types, including Iron, Bronze, Silver, Gold, Diamond, and Crystal. The broker's minimum deposit starts at $250, and the maximum leverage is 1:30.

Spreads are variable, and commissions start at $2.5 for stocks.

Unique features like social trading benefit traders. The broker also includes tools such as an economic calendar to support decision-making.

Company Information & Regulation Status

NAGA, a leading fintech powerhouse, has revolutionized the trading landscape with its comprehensive financial platform. Headquartered in Germany, NAGA is a proud member of the NAGA Group AG, a publicly listed company on the Frankfurt Stock Exchange – a testament to its transparency and financial stability.

NAGA operates under the supervision of the Cyprus Securities and Exchange Commission (CySEC), holding license number 204/13, and adheres to the Markets in Financial Instruments Directive (MiFID). With over 1.5 million users and a stellar Trustpilot rating, NAGA has earned its stripes in the trading community.

The broker's status as a regulated Market Maker (MM) underscores compliance with European financial standards.

NAGA Broker Summary of Specifics

Here is all you need to know about the Forex broker:

Types of Accounts

NAGA broker offers a tiered account structure to cater to traders of varying experience and capital levels. Here's a breakdown of the account types:

Each account type offers progressively better trading conditions and perks as the deposit amount increases.

NAGA’s Advantages and Disadvantages

Besides all the benefits, NAGA can have some areas of concern:

The higher minimum deposits for premium accounts and the variable spread structure may only suit some traders, especially those with smaller capital or those seeking fixed spreads.

Signing Up & Verification Process

Creating a trading account with NAGA is effortless and takes just a few minutes. You can register using Google, Facebook, Apple, or by manually entering your email and personal info.

Once signed up, you’ll unlock access to NAGA’s social trading platform, portfolio management tools, and account dashboard. Here's a step-by-step guide to NAGA registration:

#1 Visit the NAGA Sign-Up Page

Go to the official website and either:

• Click “Open an Account” or;
• Hit the “Get Started” button to begin.

#2 Choose Your Registration Method

Options include Google, Facebook, Apple, or manually sign up, requiring the following information:

• Email
• Password
• Country of residence

Accept the terms and solve the CAPTCHA to continue.

#3 Enter Personal Details

Complete your profile with the following details:

• First Name
• Last Name
• Username
• Phone Number (with country code)

Then click the "Continue"button to proceed with phone verification via SMS and WhatsApp. Select from the available account options based on your trading goals and capital.

#4 Naga KYC Procedure

Navigate through the client dashboard, select the Naga verification menu, and upload supporting documents, including:

• Proof of Identity: Passport or National ID
• Proof of Residence: Utility bill or Bank statement

Remember, NAGA adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, so verification is crucial for maintaining account security and complying with regulatory requirements.

NAGA’s Trading Platforms

NAGA offers a versatile suite of trading platforms to cater to different trader preferences:

• NAGA Webtrader: Custom-built platform offering social and copy trading
• NAGA Mobile App: Available on iOS and Android
• MetaTrader 4: Industry-standard platforms for advanced technical analysis
• MetaTrader 5: An advanced version of MT4 offering access to 38 built-in indicators

All platforms provide access to over 4,000 instruments across various asset classes, including Forex, stocks, indices, ETFs, commodities, and cryptocurrencies. NAGA's proprietary platforms stand out with their integrated social trading features, allowing users to interact with other traders and copy successful strategies.

TradingFinder has developed a wide range of MT4 and MT5 indicators that you can use for free.

NAGA’s Spreads and Commission Structure

Trading costs on NAGA are spread-based, with the IRON account starting at 1.1 pips on EUR/USD. Spreads become more competitive on higher-tier accounts (e.g., 0.5 pips on Gold).

NAGA does not charge direct commissions on trades (except for stocks), but generates revenue through spreads and copy trading fees, which vary by asset and trader status.

NAGA's variable spreads adjust based on market conditions, potentially widening during high volatility.

NAGA Broker Deposit & Withdrawal Methods

NAGA provides a variety of options for funding your account and withdrawing your profits:

• Neteller
• Skrill
• Bank Wire
• NAGA Pay

Key points to remember:

• Minimum deposit varies by account type (starting from $250);
• No deposit fees are charged by NAGA (third-party fees may apply);
• Withdrawals are processed within 1-3 business days.

NAGA employs state-of-the-art security measures to protect client funds and personal information, ensuring safe and efficient transactions.

Copy Trading & Investment Options Offered by NAGA

NAGA copy trading feature, known as "NAGA Autocopy", is a standout offering that allows users to replicate the trades of successful investors:

• Trader Pool
• Real-Time Copying
• Performance Metrics
• Close autocopying whenever you want

NAGA's social trading environment encourages learning and collaboration, making it an attractive platform for beginners and professionals.

Tradable Markets & Symbols Overview

NAGA provides access to an extensive portfolio of over 4,000 tradable assets, spanning:

• Forex
• CDF Stocks
• Indices
• ETFs
• Commodities
• Cryptocurrencies
• Futures
• Real stocks

This diverse offering allows traders to build a well-rounded portfolio and exploit opportunities across market conditions.

Bonus offerings and Promotions

Although NAGA broker doesn't explicitly promote traditional bonuses or promotions, they offer an attractive referral program for their NAGA Pay app. Users can earn up to €100 in Bitcoin by referring eligible friends to join NAGA Pay, providing a unique earnings opportunity beyond standard bonus offerings.

This referral initiative adds significant value to NAGA users, allowing them to benefit from their network while expanding the app's community.

NAGA Broker Support Team and Hours

NAGA offers customer support channels to assist traders with any queries or issues:

• Email: support@naga.com
• Phone: +35725041410

Support is available Monday to Friday, from 07:30 am to 02:00 am EEST. NAGA's support team is multilingual and caters to a global clientele.

NAGA Broker List of Restricted Countries

NAGA Markets Europe LTD, regulated by the Cyprus Securities and Exchange Commission (CySEC), provides investment and ancillary services within the European Economic Area, excluding Belgium. However, the company does not offer these services in third-country territories:

• United States
• Japan
• Canada
• Australia
• New Zealand
• North Korea
• Iran
• Cuba and more

It's important to note that the list of restricted countries may change based on regulatory requirements and NAGA's business decisions.

NAGA Broker Trust Scores & Reviews

NAGA has garnered a strong reputation in the online trading community, reflected in its trust scores and user reviews on the Trustpilot website (4.5 out of 5):

Overall, NAGA's trust scores and reviews indicate a generally positive user experience, with particular appreciation for its social trading capabilities and diverse instrument offerings.

Education on NAGA Broker

NAGA has invested significantly in educational resources to empower traders with knowledge and skills:

• NAGA Academy (login required)
• Webinars
• E-books

NAGA's educational offerings cater to traders of all levels, providing a solid foundation for those new to trading and advanced insights for experienced traders looking to refine their skills.

Naga Comparison with Other Brokers

The table below compares Naga features and services with other popular brokers:

Conclusion and final words

NAGA, with a Trustpilot rating of 4.5/5 and over 1.5 million users, is a trusted and transparent broker.

Though third-party fees may apply, there are no deposit fees, and withdrawals typically take 1-3 business days.

Despite challenges like high minimum deposits for premium accounts (up to $100,000), NAGA’s regulatory compliance, multilingual customer support, and educational resources make it a valuable option for traders.