Trade 4000+ Assets on AXON The Trusted Platform
With the Crystal, account-type traders can enjoy unlimited withdrawals with no additional charge whatsoever. Apart from these fees, the traders at NAGA need to pay copy commissions as well. The amount can go up to 10 EUR or equivalent with a fixed copy fee of 0.99 euros. NAGA, alongside eToro, is one of the few online platforms that allows searching and replicating other investors’ approaches/strategies.
- You can invest in over 500 shares from 9 stock exchanges including NASDAQ, NYSE, HKSE and 6 European stock exchanges.
- Besides the classic MT4 and MT5 desktop platforms, NAGA offers its own proprietary trading platform, known as NAGA Trader, to its clients.
- Experienced Naga traders can trade high risk CFD trades to hedge items in their portfolio.
- It’s an essential factor to consider for traders who tend to hold positions for more than a day.
- Naga compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Naga to maintain licenses and operate in certain jurisdictions.
Start trading on NAGA
With this broker, traders can enjoy some 20 video tutorials for beginners as well as daily lessons and insights with blog posts. Earnings reports are published with this broker and similarly to the economic calendar, there is a reminder of when the companies listed into the NAGA platforms are going to release their earnings reports. A neat product that the broker offers is the NAGA VIP levels where you can get rewarded each time you reach a level. Before you decide on the platform for which you prefer to use, you will want to check the amount that will be charged.
The company processes all withdrawal to your original payment method. The broker typically takes 10 minutes to process a withdrawal, while bank wires can take a bit longer. Payments made through bank transfers are https://traderoom.info/naga-broker-overview/ processed in 2–5 business days.
A demo account is a risk-free environment for more experienced traders to test-drive new trading strategies and ideas without putting real money on the line. Demo accounts are a practical, risk-free method to familiarize yourself with the NAGA platform, figure out how it works, and flex your new trading muscles with a virtual account balance. However, even with the best efforts, a demo account is only a facsimile of the live trading conditions. In NAGA’s case, some of its features, such as copy trading, need a fully functional live account. Plus, you get access to NAGA’s social trading features, a NAGA-branded MasterCard.
Indices
What also sets NAGA apart is that it’s a genuine community of traders that interact to discuss and analyze market conditions via secure one-to-one, group, and public chats. Set up in 2015, NAGA is today a large forex & CFD broker with more than 750 trading instruments available for traders to choose from. NAGA is able to serve clients globaly, though they do not offer their services to most sanctioned countries. Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments.
The platform’s reliability and simplicity have made it a staple in the trading community. Each of these accounts is tailored to fit different trading styles and investment capacities, ensuring traders can find a match that best suits their trading goals and strategies on NAGA. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. On MT5 there are more indicators, with an economic calendar, 6 more pending orders available and market depth is shown across 21 total timeframes.
NAGA Desktop Platform
Yes, the broker offers a variety of cryptocurrencies for trading, including Bitcoin, Ethereum, and Ripple. Yes, the broker charges a commission on real shares, which can vary depending on the asset and account type. We came across a thread where the company was reported as a scam concern. While sharing a client’s experience with NAGA, someone posted evidence on Reddit to support its allegation. According to the screenshots, NAGA failed to process a customer’s withdrawal requests despite receiving multiple complaints.
Crucially, though, NAGA has been social trading-oriented since day one and has invested significantly in education to ensure traders can make fully informed trading decisions. However, you should not attempt to deposit your account until your identity and payment method have been verified and approved by NAGA. Your ID documents also need to be verified before you can make a withdrawal. For credit cards and bank transfers, you need to provide NAGA with a copy or scan of the card or a bank statement. However, allegedly, the most popular tier is Gold, and it has the best mix of features and trading conditions to suit most people. However, the minimum deposit is a hefty $25,000, so you may wish to test the water with Iron Trader and a $250 minimum deposit first.
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. While you get a demo account as standard when you sign up for a NAGA account, don’t be tempted to think this is enough to get you started. Over on Google Play, the NAGA app rates only a 3.7 out of five scores from almost 4,500 ratings.
I really like the services offered by this NAGA broker, including its VIP account levels, rapid trading platforms, and opportunity to invest into real stocks. Naga is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Naga, money is in a segregated bank account that is separate from Naga company’s funds. As a regulated broker, Naga cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Naga. Instead, your Naga funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Naga. It’s important for Naga traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks.
Trade Naga MetaTrader 5 WebTrader
Right after, you’ll get access to other interesting stastistics such as the Profits and losses of the trader’s trades and the best return of investment on each trade. Overall, NAGA’s web platform is definitely packed with a lot of features catering to different types of traders. Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
This is a space for which the company would be expected to excel and worth keeping an eye on for more of the same from this broker. However, it is subject to change and can be found on various financial news and analysis websites. Yes, the broker is regulated by several reputable tier-1 authorities, such as the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. Unlike Reddit, the Quora community seems to be less familiar with NAGA. Despite trying multiple keywords to search for something relevant to NAGA, we had no success. However, we found a thread where someone recommended top investment firms, and NAGA appeared to be ranking at number three on the list of top three investment firms.
Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring Naga’s platform. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease.