Over on Google Play, the NAGA app rates only a 3.7 out of five scores from almost 4,500 ratings. NAGA is probably one of the brokers with the most extensive spectrum of trading assets around. NAGA was founded in 2015 and set out on a laudable mission to revolutionize and disrupt the financial market by decentralizing its underlying technology. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
Accepted countries and forbidden countries
This versatility is something I’ve seen praised in eToro reviews as well, and NAGA certainly holds its own in this regard. It offers a range of financial products and services including Real Stocks and CFDs on ETFs, Forex, Cryptos, Commodities, and more. NAGA also has a social trading feature that allows users to follow and copy the trades of other traders. I can confidently recommend this platform to both new and experienced traders. It’s a well-rounded platform that provides all the tools necessary for a rewarding trading experience. While no trading platform can guarantee success, NAGA certainly provides the features and support to help traders make the most of their trading endeavors.
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NAGA is a leading online broker that offers a wide range of trading options for individuals and professional traders. With a user-friendly platform, low fees, and a wide range of assets to trade, NAGA is an excellent choice for both experienced and new traders. XTB was founded in 2002 and is a great alternative for beginners and more advanced traders alike. Compared to NAVA, they offer a bigger amount of tradable assets and have better withdrawal and deposit options. 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. They are regulated by the Cyprus Securities and Exchange Commission (CySEC) and offer deposit insurance through the Investor Compensation Fund.
How does the broker make money from you?
Using a single NAGA account gets you an instant access to stocks, forex and commodities trading. Founded in 2015 by Yasin Qureshi and Benjamin Bilski, NAGA’s mission is to make investing simple and to empower traders around the world to gain fast and easy access to the global markets. I have seen over the years how the company works hard to provide technology, resources, and support for every level of trader. You can choose from a selection of user-friendly trading platforms for web, desktop and mobile devices.
MetaTrader 5
The presence of this insurance mechanism is a vital aspect that I believe new and experienced traders will find comforting. I noticed that security measures such as encryption and multi-factor authentication are in place to protect users’ financial information. Transfer times were reasonable, with deposits typically reflecting promptly, allowing me to capitalize on trading opportunities as they arose. Depending on the type of trader you are, you can use all instruments with decent conditions. For example in stock trading, there are no commissions and hidden fees. The execution of orders is provided at high speed, which makes the broker one of the most advanced ones.
Traders are encouraged to never trade with what they cannot afford to lose whilst there is a selection of smart risk management tools and various educational materials freely available. Maximum deposit requirements depend on the country you reside in. NAGA charges a flat fee of €0.99 on all trades that are copied.
The simulator allows you to get acquainted with the NAGA platform and interface while testing out your trading strategies risk-free. For those who want a downloadable client, MetaTrader 4 and MetaTrader 5 are available with this broker. These are naga broker the leading trading platforms in the industry, so you’re guaranteed a pretty reliable trading experience if you’re working with them. Autocopy is synced to MT4, so you can still engage in copy trading, even if you’re on the MetaTrader system.
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. The following year was equally eventful, with NAGA founder Benjamin Bilski being added to the Forbes Under 30 list and sealing his rep as one of technology’s brightest young stars. 2018 also saw further product launches of NAGA’s crypto-wallet, trading of virtual gaming items, and digital asset exchange. It’s on a classic fintech ‘rising star’ trajectory as it builds what will arguably be the most advanced social investing network to date. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform.
A lot of brokers aren’t always the best choice for people who are new to trading. Though NAGA doesn’t offer a ton of educational tools in its suite (though it does have some, as discussed later on), this broker does offer Autocopy trading for demo accounts. New traders can copy the trades of more experienced traders, which makes it seem as though NAGA is great for both novices and experts.
- The interface is also secured with firewalls and encryption protocols.
- You can trade over 1,000 assets, including Forex, Stocks and CFDs on various instruments.
- Getting all three of these sorted first will save a headache later.
- It’s free to download, and you can have almost all of the regular NAGA features, including Autocopy and chatting with other investors on NAGA Messenger.
- I was impressed by the straightforward process of linking bank accounts to the trading platform.
Before describing broker, I want to tell about my trading strategy. I just want you to understand why I decided to write a positive review about this company.So, my trading strategy is based entirely on fibonacci levels. I use them to determine not only order opening points, but also to calculate distance to stop losses and take profitsTherefore,, it’s important for me that platform has all necessary tools.
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. It’s free to create an account, and it only takes a few minutes. The web app supports trading https://traderoom.info/ over 950 instruments on the platform. 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.