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NAGA3 min read
Broker Review
NAGA ever since its inception, in 2015, has been all about making the world of trading, investing and managing financial assets open and much easier for everyone. Regulated by CySEC, you will find a safe and reliable platform with many advanced features and tools compared to other platforms. An interesting addition to their portfolio of financial products is NAGA Group, a Fintech group trading on Frankfurt Stock Exchange. They use the NAGA Coin within the NAGA Wallet and NAGA Ecosystem.
Platforms
87
Usability
82
Assets
90
Users rating3 Votes
86
Pros Broker
Various education instruments
Unique social trading
Great crypto trading and deposits
Large and active community
Cons Broker
Only one account for all
Web platform might be too simple
Low spread only for stock CFDs
The site slows down browser
84
Overall Broker Rating
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Review of the company

NAGA Markets was founded in 2015 and has headquarters in Frankfurt. Germany has an operations office in Cyprus and has an additional office in Spain, London, Hamburg, India, Czech Republic, Slovakia, Poland, Hungary, Portugal, Brazil, Nigeria, Vietnam, Malaysia, Indonesia, Thailand and Philippines. The company is registered in the German stock market, NAGA Group AG, the symbol for N4G stocks, and the Naga broker is also under the control of the FCA. United Kingdom No. 609499 CySEC, Cyprus Registered No. 251168. The broker now has over 500,000 users, and customers can invest in more than 500+ markets around the world. NAGA is considered a leading name in the rapidly growing field of social trading.

Trading platforms

NAGA Markets has its own social trading platform called NAGA Trader, which allows you to watch and follow experienced traders. Beginners can look at the list of leaders and choose the best traders and then copy their trading. If you are afraid of losing all investments, then you can use the NAGA Protector, a simple risk management tool which can be activated to control risk and protect profits. NAGA allows you to trade and invest in several markets around the world from any device or platform that you prefer.

Users of the NAGA Markets platform can use the world’s first commercial messenger – NAGA Messenger. This service allows you to conduct individual conversations with other traders, create group chats and participate in public chats managed by experts.

Financial instruments

NAGA Markets provide their clients with a multitude of financial markets in which they can participate. Traders can trade on Forex, real stocks, indices, stock CFDs, cryptocurrencies, commodities, stock funds and futures, as well as gain access to more than 500 markets through the registered social trading platform NAGA Markets, NAGA Trader. Diversification of trade is always a plus since it attracts new potential traders, as well as provides them with new market opportunities. Account holders can rely on express execution of orders, which gives them an advantage over other traders in the event of a rapid change in exchange rates in the foreign exchange market.

Benefits of social trading platform

  • There are many users and the Master, who constantly has good trading performance;
  • Statistics are summarized here. Easy to understand and clarify;
  • Easy to use, customizable Flexible risk management control;
  • Use seed capital of only $100.

Cryptocurrency

NAGA Markets offers a wide range of cryptocurrencies CFDs, including the major cryptocurrencies Bitcoin and Etherium, as well as other popular cryptocurrencies such as Dashcoin, Litecoin and Ripple. NAGA Markets offers cryptocurrency CFDs with unrivaled flexibility and variation.

Security for you and your finances

NAGA is not just a “broker”. NAGA has been a financial technology company since the very beginning and is listed on the Frankfurt Stock Exchange since 2017. NAGA is also subject to strict regulations. This also means the safekeeping of customer funds, strong compliance and high level of privacy rights.

Support service

The broker is trying to provide the highest quality user support. Account holders receive full support from NAGA Markets consultants. In case of any problems, they can contact the specialists by phone or via chat. Advisers are available to traders 24 hours a day, 5 days a week.

Payment systems

Fund your NAGA account using numerous payment methods including credit cards, bank transfers via local banks, e-wallets and cryptocurrencies, with no deposit fees applied. NAGA has a fairly good set of deposits, especially for investors with cryptocurrency money that you can deposit and withdraw, including Bitcoin, Ethereum, Dash, Litecoin. Last but not least: Order your own NAGA Mastercard which is directly connected to your trading account! So you can actually pay out trading profits instantly to your card and checkout wherever Mastercard is accepted!

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.