Global Broker Regulation Inquiry App
WikiFX
Counterfeit Dealer
NAGA
CyprusEntry Time 2022-04-19
2022-04-19Input
https://nagamarkets.com/
https://nagamarkets.com/
Exposure
Time Machine
More
More
2025 years 12 Month
2025-12
Time2025 years 12 Month
Time2025 years 12 Month
Expose
Check whenever you want
Download App for complete information
Exposure
4 pieces of exposure in totalPyramid scheme complaint
Expose
NAGA · Company Summary
| NAGA Review Summary | |
| Founded | 1996 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | Forex, shares, indices, ETFs, cryptos, commodities, futures |
| Demo Account | ❌ |
| Leverage | / |
| EUR/USD Spread | From 1.1 pips (IRON account) |
| Trading Platform | NAGA, MT4, MT5 |
| Social Trading | ✅ |
| Minimum Deposit | $10 |
| Customer Support | 24/5 live chat |
| Tel: +35725041410+35725041384 | |
| Email: support@naga.com | |
| Social media: Facebook, Instagram, YouTube, LinkedIn | |
| Regional Restrictions | The European Economic Area, excluding Belgium clients are not allowed |
NAGA Information
NAGA is a regulated broker, offering trading on forex, shares, indices, ETFs, cryptos, commodities and futures with EUR/USD spread from 1.1 pips on NAGA, MT4 and MT5 trading platforms. The minimum deposit requirement is $10.
Pros and Cons
| Pros | Cons |
| Regulated well | No leverage information |
| Various contact channels | No demo accounts |
| MT4 and MT5 platforms | Regional restrictions |
| Low minimum deposit requirement | |
| Various account types | |
| Popular payment options | |
| Social trading offered |
Is NAGA Legit?
Yes. NAGA is licensed by CYSEC to offer services.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Νaga Markets Europe Ltd | Market Maker (MM) | 204/13 |
What Can I Trade on NAGA?
NAGA offers trading on forex, shares, indices, ETFs, cryptos, commodities and futures.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| ETFs | ✔ |
| Cryptos | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Bonds | ❌ |
| Options | ❌ |
Account Type
Here are six account types NAGA offers:
| Account Type | Minimum Deposit |
| IRON | $10 |
| BRONZE | $1,000 |
| SILVER | $3,000 |
| GOLD | $17,500 |
| DIAMOND | $40,000 |
| CRYSTAL | $90,000 |
NAGA Fees
| Account Type | EUR/USD Spread |
| IRON | Standard - 1.1 pips |
| BRONZE | |
| SILVER | Silver - 1 pip |
| GOLD | Gold - 0.6 pips |
| DIAMOND | Diamond - 0.5 pips |
| CRYSTAL | VIP - 0.5 pips |
| Trading Instruments | Commission |
| CFDs on forex | 0 |
| Crypto CFDs | |
| CFDs on indices | |
| CFDs on stocks | 2.50 EUR |
| Real stocks | 3 |
| CFDs on commodities | 0 |
| CFDs on futures | |
| CFDs on ETFs | 0.1% |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| NAGA | ✔ | Web, IOS, Android | / |
| MT4 | ✔ | Web, mobile | Beginners |
| MT5 | ✔ | Web, mobile | Experienced traders |
Deposit and Withdrawal
NAGA accepts payments via credit/debit cards, wire transfer, alternative payment methods and direct bank transfer.
Deposit Options
| Deposit Options | Minimum Deposit | Deposit Fees | Deposit Time |
| Visa | $50 | 0 | Instant |
| Mastercard | |||
| Maestro | |||
| Diners | ~ 10 minutes | ||
| Discover | |||
| Eurobank | 2-5 business days | ||
| Astrobank | |||
| Equals Money | |||
| PayPal, P24, Ideal, Eps, Giropay, Skrill, Neteller, Sofort, NeoSurf, PaySafeCard, Euteller, Multibanco, MY BANK | Instant | ||
| Alphabank | 2-5 business days | ||
| Direct Bank Transfer | 1-2 business days |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees |
| VISA | Min. $50 or equivalent to account currency | 0 |
| VISA Electron | ||
| MasterCard | ||
| Maestro | ||
| NETELLER | ||
| SKRILL | ||
| GiroPay | ||
| Klarna | ||
| EPS | ||
| Przelewy24 | ||
| Eurobank | ||
| KB |
News
NewsNAGA Launches CryptoX: Zero Fees, 24/7 Crypto Trading
2025-01-31
NAGA introduces CryptoX, a new crypto trading feature with zero overnight fees, 24/7 access, and copy trading. Trade Bitcoin, Ethereum & more!
WikiFX2025-01-31
News
NewsNAGA Adds UAE, Saudi Stocks to Platform with Zero Commissions
2024-11-29
NAGA introduces UAE and Saudi Arabian stocks to its trading platform, offering zero commissions and expert tools like Autocopy to tap into booming Middle Eastern markets.
WikiFX2024-11-29
News
NewsNAGA Unveils Powerful Updates for Better Trading Experience
2024-08-07
NAGA announces powerful updates enhancing user experience, including a revamped trader interface, mobile trading insights, and performance-based copy trading.
WikiFX2024-08-07
News
NewsNAGA Revenue Hits Record EUR 45.5M In 2023
2024-01-10
NAGA sets a record with EUR 45.5M revenue in 2023 and announces a transformative merger with Capex.com, marking a new era in fintech.
WikiFX2024-01-10
News
NewsNaga Markets Turns A New Page with €150K Settlement
2024-01-02
Cyprus Securities and Exchange Commission (CySEC) finalized a settlement worth €150,000 with Naga Markets Europe Ltd. for breaching various regulations in 2021 and 2022.
WikiFX2024-01-02
News
NewsCySEC Fines Naga Markets Europe For €150k Settlement
2024-01-02
CySEC's enforcement action results in a €150,000 settlement with NAGA Markets Europe, highlighting the importance of regulatory compliance in financial markets.
WikiFX2024-01-02
News