NAGA Markets Founded in 2015, we are a Fintech company aimed at revolutionizing the world through decentralizing financial technology and providing access to the best market tools for everyone across the globe. Our team works tirelessly to provide the technology, resources, and support for every trader that needs to make confident trading decisions.
- Start year: 2015
- Country of origin: Cyprus
- Regulation: CySEC
- Payment options: Bank Wire, Credit Card, Neteller, Skrill, Sofort, Trustly, iDeal, Paysafe, Przelewy24, Cryptocurrencies
- Minimum account size: $250
- Minimum lot size: 0.01
- Leverage: 1:500
- Spreads: 0.02 pips on EUR/USD
Naga Markets Regulation
NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.
The NAGA Group AG and operated by NAGA Global Ltd which is incorporated under the laws of St. Vincent and the Grenadines as an International Business Company (IBCN24501IBC2018) and is an operating subsidiary within The NAGA Group.
NAGA trademark is operated by NAGA Group subsidiaries, including:
- NAGA Global (SV) Ltd, with registered address at Trust House, 112 Bonadie Street, Kingstown, St. Vincent and the Grenadines.
- NAGA Global (CY) Ltd, with registered address at Eurosure Tower, 3rdFloor, 2112 Nicosia, Cyprus.
- NAGA Markets Europe Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 204/13), with registered address at Ariadnis 7, Moutagiaka, 4531 Limassol, Cyprus.
- NAGA Technology GmbH with registered address at Neustadter Neuer, Weg 22, 20459 Hamburg.
Naga Markets Trading Account
It appears that all traders commence from the same account, but a six-tier system is in place, granting improved trading conditions based on deposits. Given the overall modern structure of NAGA, this outdated model to entice more significant deposits represents the first disappointment uncovered by this review. A deposit of $100,000 unlocks competitive spreads, which can often be obtained at competing brokers for less than $500. The Iron Trader account, the initial one, requires a minimum deposit of $250, but all available services remain locked and out of reach until the Gold Trader status (the fourth tier) is achieved, i.e., once deposits exceed $25,000.
Naga offers several ways of financial investments through either manual or automated investing, Social Trading opportunity, trading of over 500 instruments, ICOs, etc. Actually, Naga Markets is a publicly listed FinTech company in Frankfurt backed by Multibillion fund FOSUN, which provides transparency over trading processes.
Eventually, Naga constantly add on innovations and new challenges that allow rapid development of the company and its clients as well.
What is also great as we discover within our NAGA review is a choice between the platform you’re getting. So you may select either MetaTrader4, its newer version MetaTrader5 or use proprietary software NAGA Web platform together with its applications.
While MT4 and MT5 do not require many words and introduction due to its world popularity and proved powerful capabilities that remain at your disposal either for manual or automatic strategies. NAGA trading platform brings you additional capabilities and a truly great balance between a friendly interface and its sophisticated solutions.
NAGA, being a FinTech company made it truly great software that will suit the most demanding appetites accompanied by online support, news streaming and comprehensive analysis features. While one of the main parts from NAGA offering is a Social trading capability, you will find excellent capability for copy trading, which is based on proprietary algorithms defining top traders and leading trades along with numerous bonuses.
Naga mentions on its website offering of the lowest spreads for all traders despite trading account size, so any investor will get better trading conditions. Typical spread for EUR/USD is 1.2 pips, which is considered a good spread mong industry offering. As for other instruments, there could be commission charges for some assets which you will find directly from the platform.