Naga Review


When you are looking for a new broker to use, trust is an important factor to help you make your decision. So, when you see a newer platform such as Naga, you may have trust issues. Naga is a broker that was established in 2015 and even though it has been founded by people with industry experience of more than 20 years, this might not be enough for you to rely on it.

But once you find out more information about the broker, it is much easier to make a decision, and luckily for you, this review contains just what you need. In the paragraphs below, you will discover the pros and cons of Naga, as well as how safe it is and what products and services it has to offer.

Who Is Naga for?

Naga is great for people who are looking for a large variety of tools. People gain access to lots of cryptos, stocks, and virtual goods, as well as financial markets. This way, Naga could be suitable for both the beginner and the more experienced traders. Experienced traders will also have the advantage of gaining access to platforms like MT4 and MT5, which are amazing for any trading experience.

Naga is also directed at people who are on a budget. This is because deposits come with no fees or commissions. The minimum deposit is also low, making it even more convenient for someone with low income to trade. Withdrawals come with fees, but at least it is possible to save money in other ways.

Beginners can also use this platform because they have plenty of instruments and features to choose from. They can also benefit from some quality educational resources. Users can access several types of materials to gain valuable information that could turn them into better traders.

Things We Like

We like the fact that even though Naga is not that old, it established itself as a reliable broker already. It has strict regulations, so it wants to make sure that clients are safe no matter what.

We also loved to see that people have access to lots of trading instruments and features. Not only is this a good way to help someone choose what they want to trade, but it can also help them diversify their portfolios.

Also, there are some outstanding educational materials, which is also something that we love to see. It allows people to learn, and we’re always happy to see that. The costs are also pretty low, making Naga accessible even for traders on a budget.

Things We Don’t Like

There were also a few aspects that disappointed us. For example, customer support is not available 24/7. You can only contact them five days per week and during certain hours.

On top of that, we don’t like the fact that there is a withdrawal fee.

Pros / Cons
  • Lots of deposit and withdrawal options are available
  • The regulation is strict
  • Investor Compensation Fund
  • Withdrawals require a fee
  • People from the U.S. cannot use the platform

Safety and Regulation

If you’re not sure yet whether Naga is the best choice for you or not, you should discover more details about it and its safety features. We’ve done the research for you, so let’s find out how safe Naga is:

Who Is Naga?

Naga is a social investing network that was established back in 2015 by Benjamin Bilski and Yasin Qureshi. It gives people multiple copy trading features, available across a large asset portfolio. People who manage to copy their trades get their payment instantly. All retail trading accounts get one live account available.

During an initial public offering that took place in 2017, Naga managed to go over $50 million on the Frankfurt stock exchange, and this happened within a few months only. At the moment, the company has headquarters in Limassol, Cyprus. But it also has multiple offices in other countries of the world, some of them being Mexico and India.

According to Naga, they have more than 100,000 traders registered with them, and 10 million orders have been executed so far.

Is Naga Regulated?

Naga is regulated by two large authorities. It is regulated and authorized by the Cyprus Securities and Exchange Commission, and by The Financial Conduct Authority.

Naga Licenses

  • NAGA Capital (SV) Ltd – authorized by FSA (SVG)
  • NAGA Markets Ltd – authorized by CySEC (Cyprus) registration number 204/13

Is Naga Safe or a Scam?

Naga is not a scam. The platform worked hard on being transparent and fully regulated, so they are safe. Not only that, but they are also publically listed, on top of being regulated by some top-tier authorities.

To make things even better, Naga is also backed with the FOSUN Chinese fund. This adds more reliability to the company overall, making sure clients are safe. What’s even better is that the company complies with the trading service with necessary MiFID requirements. As a result, the funds of the traders are segregated from the get-go. In case the firm somehow loses everything, your funds will be safe, and you will be able to recover them.

Countries It Accepts Clients from

The good thing is that Naga accepts traders from various countries. But there are also some countries that are banned from using Naga. These countries are the U.S., Iraq, Iran, Cuba, Syria, North Korea, Japan, Canada, and Belgium.


So far, Naga hasn’t received any awards. It is still very early, so they may end up receiving awards over time if they offer good services.

Range of Offerings and Products

Naga offers plenty of products and services to its users. Actually, it has more than 950 assets available. This includes over 400 stocks and CFDs, as well as 48 exotic, minor, and major currency pairs for Forex, 19 indices, 12 futures, 17 ETFs, 7 commodities, and 27 cryptocurrencies.

Leverage Offered

Working with Naga is great because you will get more flexible leverage. This way, you will be in control of the risks. You will also manage risks based on your trading style.

It is important to bear in mind that because Naga is European, the company complies with the restrictions given by ESMA. So, they have to comply with the more recent lower leverage levels. Retail traders have a maximum leverage of 1:30. Meanwhile, professional traders may be able to reach a much higher ratio.

Trading Platforms

People have access to three different platforms with Naga. They offer MT4, MT5, and Naga Web.

MetaTrader 4 is perhaps one of the most popular and loved platforms in the world, and Naga’s MT4 platform is especially user-friendly. It is also great for people who are just getting started. MT4 has 31 graphic objects, 30 technical indicators, 3 instant order types, 4 pending order types, and a customizable interface. It can be used either on Windows and Mac or downloaded on smartphones with Android or iOS.

Then, there is the MetaTrader 5 platform, which is a bit better as it offers more instruments. Some of the features it brings to the table are 44 graphic objects, 38 technical objects, 6 pending order types, 4 instant order types, an economic calendar, secure login, market depth, and the possibility to transfer funds between two accounts. Not only can you download it on Windows and Mac, but you can also download it on Android or iOS devices.

The Naga Web platform makes it possible for users to copy traders by simply using their web browser, requiring no download. It gives you full access to the Naga trading markets, and it also brings a market news feed, auto-trading feature, digital wallet, personal account manager, copy trading signals, a “best investors” leaderboard, and a messenger for analysis sharing. You can use the web platform on smartphones too.

Account Types

There is only one account type available with Naga and it gives people access to all features.

Demo Account

A demo account is available as well. It is great for trying out the platform before using it.

Deposits and Withdrawals

Funding your account is possible through several methods, including cards, bank transfers, cryptocurrencies, and e-wallets.

What Is Naga’s Minimum Deposit?

First-time deposits have no minimum amount required. Some payment methods may require a certain minimum deposit, though, such as $200 or $250.


Withdrawals can be done using the same methods as you use for deposits. The only difference is that there may be some fees applying with the withdrawals.

Naga Promotions

Naga has no information available about promo codes right now, but there may be promos and bonuses available from time to time.

Client Support and Education

Naga has a lot of educational materials available, and they come in multiple languages as well. There are webinars held almost daily. There is also social trading, which is a great source of information. Traders can even use an economic calendar so that they can keep their schedules organized.

Verdict – Overall Rating

Naga is an amazing broker. Besides the high-quality educational materials, it also features multiple instruments, and it is regulated. Client funds are segregated too. The platform is safe and can help many traders achieve their full potential.


All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.

The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.

What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.

Risk Disclaimer

There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.

There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.

Looking for more information on brokers and trading? Have a look at our trading guides:

Review Sources


NAGA is an innovative online broker that offers a social investing network where traders can like, share and copy investments on over 950+ trading instruments.

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