NAGA Review 2025
It’s worth noting that the broker doesn’t specify the fees charged by payment systems, such as Visa or wire transfers, for withdrawing funds from their platform. This lack of transparency means you might encounter additional costs from your payment provider when you withdraw your funds. NAGA 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.
Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. The NAGA Web App lets you have all of the features of NAGA, from setting up price alerts to auto-copying, right from your browser.
- NAGA offers a demo account to enable clients to practise various money and risk management strategies without risking their real funds.
- Negative balance protection is important for traders using leverage on platforms like Naga.
- NAGA (NAGA Capital Ltd) is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
- 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.
Along with MT4 and MT5, NAGA offers their own proprietary browser-based trading platform powered by TradingView, as well as themed asset management groups through NAGA Portfolios. From my experience with NAGA, I found their withdrawal process to be quite efficient. All withdrawal requests I made were completed within 24 working hours, which is fairly quick. The platform sets a minimum transaction amount for withdrawals at 50 EUR/USD/GBP and PLN, making it accessible for small to medium-sized traders. Trading with NAGA has been a noteworthy experience, given its background as part of The NAGA Group AG, a German FinTech powerhouse publicly listed on the Frankfurt Stock Exchange. This affiliation not only adds a layer of trust but also positions NAGA within a network of companies dedicated to financial innovation and security.
Not that many brokers offer excellent direct social and copy trading services. In fact, clients can use their proprietary tool, NAGA Autocopy, which allows clients to copy leading traders on the NAGA platform. As a trading community, NAGAX provides its users with various services, including a safe wallet, an exchange, and more. For those keen on NFTs, the company has set up a market, allowing collectors to add NFTs to their stock and make friends in the community.
We can refer to the above methods for withdrawals as there is the same availability. Neteller and Skrill are alternative options for those who have it and which are also generally instant and competitively priced. The benefits kick in under the “NAGA VIP levels” by NAGA, where we will disclose full details on this a little further down in this review – so be sure to read on. NAGA GLOBAL LLC does not provide services for the residents of certain countries according to the table below. So, it has been living up to the fintech expectations from day one as we thought it might.
Which deposit and withdrawal methods are supported?
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients. In the trading world, brokers like Naga, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features.
Customer Support at Naga
You can achieve that by investing $25,000 and adding up the other half over time with your trading success. Through their various platforms (MT4, MT5, web version, and mobile apps), you have access to real stocks (only in NAGA Europe), and CFDs on Forex, shares, Indices, ETFs, crypto and commodities. Besides, its academy produces useful insights on the NAGA platform and trading in general. Occasionally, you may also watch webinars mainly on technical analysis. For new traders interested in learning more about the forex markets, NAGA offers a very extensive library of educational webinars and video lessons that covers a variety of concepts related to trading. Live webinars are also announced in advanced and are open to the public to register for, it is worth noting that they are available in different languages.
How is NAGA’s Customer service?
Additionally, highlights include MetaTrader 4 and 5, both of which are available for traders. You can trade over 1,000 assets, including Forex, Stocks and CFDs on various instruments. NAGA offers real-time order execution, mobile and web interfaces, and a personal account manager with whom you can talk to via phone, email, or chat.
Brokers like Naga must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. Depositing funds with Naga ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Naga were to go out of business unexpectedly. All payments made to Naga by traders are securely held in a segregated bank account. We aim to provide you with all the information in this Naga review you need to determine if Naga is the right fit for you.
The portfolio section (available by touching the bottom menu option) will give you a nice view of your active, pending and closed trades. What any professional trader knows as limit orders is called “Long or Short at specific rate” which can be accessed by touching any of the tabs that read the same text in the middle of your screen. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.
After thorough https://traderoom.info/naga-broker-overview/ review, the firm’s educational facility ranks among the high industry standards. NAGA offers a wide range of base currencies, including the US dollar (USD), Euro (EUR), British pound (GBP), Japanese yen (JPY), and more. This flexibility allows market participants to select the currency that best serves their purposes. Deposit and withdrawal fees, foreign currency translation costs, and account management fees are all examples of what are known as “non-trading expenses.” Here is a quick review of each of them below. Futures trading is a fascinating investment activity for financiers since it provides a wide range of approach options. These are derivative contracts specifying a commodity asset or index’s price and future delivery date.