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/10
The WikiFX Score of this broker is reduced because of too many complaints!

NAGA

Cyprus | 5-10 years |
Listed Regulated in Cyprus | Market Maker (MM) | MT4 Full License | Regional Brokers | High potential risk

https://naga.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

NagaMarkets-Demo

MT4
24

Influence

A

Influence index NO.1

Germany 5.22
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

24
Server Name
NagaMarkets-Demo MT4
Server Location

Influence

Influence

A

Influence index NO.1

Germany 5.22
Surpassed 59.80% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+44 2035197495
support@naga.com
https://naga.com/
First Floor, First St. Bank Ltd Building, James Street, Kingstown, VC0100, Saint Vincent & the Grenadines

Licenses

Licensed Entity:Νaga Markets Europe Ltd

License No. 204/13

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-06-16
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
NAGA Group AG
Abbreviation
NAGA
Company employee
--
Customer Service Email Address
support@naga.com
Contact Number
+442035197495
Company Website
Company address
First Floor, First St. Bank Ltd Building, James Street, Kingstown, VC0100, Saint Vincent & the Grenadines

FX2204338593

Unverified

Thailand

On 27 Jun 2022 I traded the ethusd pair, but at 16.40 System was opened repeatly 5 orders buy NAS100 without my order and auto trade . Made me lose almost remaining money.

Exposure

2022-06-28

FX2370398647

Unverified

Thailand

On Jan. 21, 65, my port started to have problems. There was only a few left so I deposit the money to port. After deposit, the system deducted 20000 from the bank account, but the money did not entre the investment. Depositing money at 1:21 in the morning, the money cannot transfer in. I contacted the staff and they said that they will check it quickly, and I wait until 8:00 in the morning when the port was broken, and the money just arrived. As a result, the money just entered is not left to contact the staff to be held accountable, and they are silent *recommended friends do not use this service to cheat. I got hit by a bro for NAGA cheating not giving rewards it's an iPad and a laptop. Even when all pending orders are closed, the withdrawal will be made and its use will be stopped, and then there will be an event that the deposit cannot support the port. until the port is cleared again

Exposure

2022-02-23

FX2370398647

Unverified

Thailand

I have participated in the event, and accumulated lots in June and July 2021, and I can do everything and trade according to conditions. The broker announced the winners, both ipads and notebooks with my name on them. The Naga employee said the reward will be delivered to your home. I waited until the end of August. Then, I asked the Naga staff for the reward and received the reply that the prize was delivered from the German headquarters. So I waited another 2 weeks to receive it. There are repeated requests within this period. Several times a month here, officials deflect their words. Taking responsibility between the office in Thailand and the head office and even I sent an email to the CEO in Germany. Quiet story. January 65 NAGA Announces Awards Cessation

Exposure

2022-02-23

BenediktMeier

Unverified

Germany

I can say that NAGA offers a solid trading experience, It is truly a NEXT LEVEL trading platform! But I do experience delays that should be improved for smoother trades.

Positive

01-26

markus fischer

Unverified

Austria

Silver account is for just $3k instead of $5k - bargain!

Positive

01-23

antonio esposito

Unverified

Italy

The reason why I joined the naga broker is because they offer real stocks for investing in different top-companies all over the world. They provide access to more than 10 international exchanges and the diversity of stocks is really huge. I already was making good profits a few times here and withdrawing money, it was a great experience to be honest. I have not had any serious problems, so that’s why I trust them 100%.

Positive

01-02

TjahjadiWeimin

Unverified

Indonesia

I decided to go larger this time and deposited $5k. But, this was worth venture to invest money to, as I`ve already gotten the impact of favourable conditions accounts. For this account, Naga has not only the tighter spreads, but also chance to earn more from copy trading. I don`t have too much followers at the moment, but hopefully someday I`ll be in the leaderboard.

Positive

2024-12-31

Fabio de luca

Unverified

Italy

Even with the recent discount, a Bronze account is still unailavailable to me. No problem. I am an IRON iser. It still gives yu fair conditions with spread and copy trading fee. I appreciate the speed of everything here, including even withdrawal.

Positive

2024-12-27

Sebastián Vega

Unverified

Chile

Despite trading with NAGA copy trading, I found it necessary to educate myself. The articles could be longer, but understanding basic indicators is enough.

Positive

2024-12-24

Rafael D.

Unverified

Spain

That said, I am always thinking if I can afford indices trading. Platform is good. It’s all about your investments and opportunities, Sometimes, you need a high deposit to start with certain tools with any broker though. Just because indices are indices and stock are stock

Positive

2024-12-24

JoseLlopis

Unverified

Spain

I like this copy trading, just relax and other guy will do all work for you, lol😂

Positive

2024-12-14

GustavoHerrera

Unverified

Mexico

When the broker is thoughtful and explanatory in the way it streams analysis and data, it means you are in a good place. You are informed and you do not make extra effort to find critical market data somewhere else. Everything is available here, in one spot. This way, if I want to check corporate earnings and their calendar, I don’t have to go far. That said, I wish more options could be accessible from the iron account.

Positive

2024-12-04

Paolo Fontana

Unverified

Italy

NAGA offers account types that I find reasonable, as a person with good experience in trading. I must admit that the options are quite flexible but, satisfy the needs of experienced traders who require some more parameters. Account options top notch.

Positive

2024-12-03

ManuelSalgado

Unverified

Mexico

As soon as I joined the Naga broker, I wanted to get the next level of status instead of an iron one. I made a deposit of 4300$ and the transaction was lighting so fast that I couldn't even blink an eye. However, I was confused when my status didn’t change at this moment and was kind of astonished. Well, then it turned out that it took a few days for changing the status, in my case, it took not less than 2 days and I got all my bonuses and became a full part of Naga.

Positive

2024-12-02

IvánAlcázar

Unverified

Spain

I've been using the platform for a while now, and my experience trading shares here has been mostly positive. If you mainly trade shares, I recommend this broker for its extensive market range. Probably they have the widest range for ,shares. Also, I like its custom trading app, even though I was a bit hesitant in the beginning and started with MT4. Naga’s app is more advanced, easy to use and packed with tools and features. One downside is the withdrawal process, which includes a small fee for each withdrawal,.

Positive

2024-11-28

PabloCoronel

Unverified

Mexico

The costs at NAGA are great, and I was able to navigate through trading with their wide portfolio of assets. Overall, easy peasy.

Positive

2024-11-28

AaronMínguez

Unverified

Spain

I really appreciate it when I don't have to search for something while using a web service. The Naga platform is neat and easy to use, where even beginners can understand which button they need to click. I especially liked the live charts of my favorite chart viewer and the ability to open orders and stops without leaving the charts👍.

Positive

2024-11-27

CarlosMéndez

Unverified

Mexico

After looking around, looks like this is the safest online broker after all, at least for CFDs. 20k euro prottection just innately, plus the exchange thing yes, plus the amount of effort they put in online presence too. I saw their facebook, compared to other brokers its day and night. I don't expect huge wins right away, but I need to be safe first and forremost.

Positive

2024-11-27

Lorenzo Rossi

Unverified

Italy

NAGA’s platform is filled with many features and being a professional trader, I like the autocopy tool. However, there are several that could afford better usability. The variety of assets is something I really like, although, sometimes, certain features like the analytic tools are complicated. Overall it is still a very good platform but there needs to be a much smoother form of updates made to enhance the trading environment.

Positive

2024-11-26

DiegoMeza

Unverified

Peru

With trump stock xD I realize it's going crazy hard today. DJT for me is by far the most interesting action to watch last month in Naga, to be honest. Crazy moves.

Positive

2024-11-20

RaghidFaysal

Unverified

United Arab Emirates

I fancy the concept around which Naga is built. It is a modern platform that absolutely keeps a trader inside to the degree that you won’t want to leave it. Instantaneous deposit and impressive quickest withdrawal time (in a matter of minutes if not under it), trading signals, connection to the market via news and education, an abundance of tradable instruments, sense of community and healthy competition. I cannot list all of it, just something that comes on my mind at the earliest when I think of NAGA. oh and don’t disregard the idea of verification grades. You can upgrade your verification status and access more perks with each level. For example, on the third level, you have no limits when it comes to withdrawals. Recommended.

Positive

2024-11-17

Santiago_C

Unverified

Brazil

For a broker as advanced as Naga is, I was surprised to see such a low initial deposit requirment for opening a real trading account. Only $250 are required to deposit, and even though the level of your account with such deposits is the beasic one, still the terms are quite good.

Positive

2024-11-14

JorgeSepúlveda

Unverified

Chile

This is my favorite feature: Just like this one from a while ago, the idea here is quite accurate, and I'm still observing how it plays out... Solid broker fr👊

Positive

2024-11-12

148
Listing Information
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Official website

Website

Most visited countries/areas
Thailand
naga.com
13.227.74.7
Server Location
United States
ICP registration
--
Most visited countries/areas
Thailand
Domain Effective Date
1996-05-10
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC

Company Summary

NAGA Review Summary
Founded1996
Registered Country/RegionCyprus
RegulationCYSEC
Market Instruments4,000+, forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, real stocks
Demo Account
Account TypeIron, Bronze, Silver, Gold, Diamond, Crystal
Leverage/
Spread1.1 pips (IRON account)
Trading PlatformNAGA Web Trader, NAGA iOS, NAGA Android, MetaTrader, Telegram Mini App
Copy Trading
Minimum Deposit$10
Customer SupportPhone: +2484671946
Email: support.sc@naga.com
Regional RestrictionsOffers services to residents within the European Economic Area, excluding Belgium

NAGA Information

Νaga Markets Europe Ltd (short for “NAGA”), founded in 1996, is an old brokerage registered in Cyprus. The trading instruments it provides cover forex, cryptoX, shares, indices, ETFS, cryptocurrencies, commodities, futures, and real stocks. Besides, it provides 6 types of accounts and is regulated by CYSEC.

NAGA Information

Pros and Cons

ProsCons
Regulated by CYSECNo live chat support
Multiple trading instrumentsNo Islamic trading account
Low minimum deposit of $10Demo accounts unavailable
Six types of trading accountsRegional restrictions
No deposit/withdrawal fees
Competitive spreads and low trading fees
Metatrader platforms provided
Copy trading available
Various payment options

Is NAGA Legit?

NAGA is regulatedby the Cyprus Securities and Exchange Commission (CYSEC). Its license number is 204/13 and the current status is regulated.

Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
CyprusCyprus Securities and Exchange Commission (CySEC)RegulatedΝaga Markets Europe LtdMarket Maker (MM)204/13
license

What Can I Trade on NAGA?

NAGA offers traders the opportunity to trade over 4,000 tradable assets, including forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, and real stocks.

Tradable InstrumentsSupported
Forex
Shares
Indices
ETFs
Cryptocurrencies
Commodities
Futures
Bonds
Options
products

Account Type & Spreads

NAGA offers 5 different types of accounts to traders, which are Iron, Bronze, Silver, Gold, Diamond, Crystal.

Account TypeIRONBRONZESILVERGOLDDIAMONDCRYSTAL
Minimum Deposit$10$1,000$3,000$17,500$40,000$90,000
EUR/USD Spread1.1 pips1 pip0.6 pips0.5 pips
Account Types

Trading Platform

NAGA's trading platforms are NAGA Web Trader, NAGA iOS, NAGA Android, and MetaTrader, which can be accessed via PC, Mac, iPhone and Android devices.

Trading PlatformSupportedAvailable DevicesSuitable for
NAGA platformWeb, iOS, Android/
MetaTrader 4PC, Web, MobileBeginners
MetaTrader 5PC, Web, MobileExperienced traders
Trading Platform

Copy Trading

NAGA's copy trading offers an opportunity to automatically follow good traders and monitor the markets. It created NAGA Autocopy — a tool that lets their clients manage their portfolio without the need to constantly monitor the markets. It charges fees for copy trading.

Account TypeIRONBRONZESILVERGOLDDIAMONDCRYSTAL
Copy Premium All instrumentsEarn up to $0.12 per copied tradeEarn up to $0.15 per copied tradeEarn up to $0.18 per copied tradeEarn up to $0.22 per copied tradeEarn up to $0.27 per copied tradeEarn up to $0.32 per copied trade
Copy Premium FX PAIRSEarn up to $0.50 per copied tradeEarn up to $0.60 per copied tradeEarn up to $0.70 per copied tradeEarn up to $0.80 per copied tradeEarn up to $0.90 per copied tradeEarn up to $1.00 per copied trade
Copy Premium Popular AssetsEarn up to $0.50 per copied tradeEarn up to $0.60 per copied tradeEarn up to $0.70 per copied tradeEarn up to $0.80 per copied tradeEarn up to $0.90 per copied tradeEarn up to $1.00 per copied trade
Copy Trading

Deposit and Withdrawal

Deposit

Deposit MethodMinimum DepositMaximum DepositDeposit FeesProcessing Time
Visa$1035k per transaction0Instant
Mastercard
Maestro
Diners
Discover
Equals MoneyDepends on the country of residency2-5 business days
Deposit and Withdrawal

Withdrawal

Withdrawal MethodMinimum Withdrawal Withdrawal Fee
VISAMin. $10 or equivalent to account currency0
MasterCard
Alternative Payment
BIDV
ACB
EMIXM BANK
DONGA BANK
SACOM BANK
TECHCOM BANK
VIETCOM BANK
VIETIN BANK
BANGKOK BANK
KASIKORN BANK
KRUNGTHAI BANK
KRUNGSRI
GOVERNMENT SAVINGS BANK
TMB
SCB
MAY BANK
CIMB BANK
HONG LEONG BANK
PUBLIC BANK
RHB
AM BANK GROUP
BCA
MANDIRI
BNI
BANK BRI
CIMB NIAGA
Deposit and Withdrawal

Keywords

  • 5-10 years
  • Regulated in Cyprus
  • Market Maker (MM)
  • MT4 Full License
  • MT5 Full License
  • Regional Brokers
  • High potential risk

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※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
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