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NAGA is a Cyprus-based online broker founded in 2015. It offers trading in forex, indices, commodities, gold, oil, crypto CFDs, real cryptocurrencies, stocks, and ETFs. The broker is known for its multi-asset platform and social trading features, though copy trading is not explicitly listed in its current offering.
NAGA provides access to the MetaTrader 5 (MT5) platform, with 47 forex pairs and a range of account types including Standard, Islamic (swap-free), and Demo. The broker emphasizes transparency and safety, holding regulation from CySEC, BaFin, and FSCA, and offering segregated client funds and negative balance protection.
NAGA is a Cyprus-based online broker founded in 2015. It offers trading in forex, indices, commodities, gold, oil, crypto CFDs, real cryptocurrencies, stocks, and ETFs. The broker is known for its multi-asset platform and social trading features, though copy trading is not explicitly listed in its current offering.
NAGA provides access to the MetaTrader 5 (MT5) platform, with 47 forex pairs and a range of account types including Standard, Islamic (swap-free), and Demo. The broker emphasizes transparency and safety, holding regulation from CySEC, BaFin, and FSCA, and offering segregated client funds and negative balance protection.
NAGA is well-suited for traders who want a regulated broker with a broad range of instruments (including real crypto) and the ability to trade on MT5. The availability of an Islamic/swap-free account makes it appealing for traders who require Sharia-compliant trading. The $50 minimum deposit is accessible for many retail traders.
It may be a weaker fit for traders who rely on copy trading, micro accounts, or TradingView integration, as these are not offered. Also, traders who prefer to scalp or use EA/algo trading should note that these features are not specified in the broker's offering.
NAGA is regulated by three major financial authorities: CySEC (Cyprus Securities and Exchange Commission), BaFin (Germany's Federal Financial Supervisory Authority), and FSCA (Financial Sector Conduct Authority of South Africa). This multi-jurisdictional regulation means NAGA must adhere to strict operational and financial standards, including client fund segregation and negative balance protection.
For traders, this provides a high level of safety, as their funds are kept separate from company funds and they cannot lose more than their account balance. The regulation also ensures that NAGA follows transparent reporting and conduct rules, which is a key factor when choosing a broker.
| Primary regulator | |
| All licenses held | CySEC,BaFin,FSCA |
| Segregated client funds | Yes |
| Negative balance protection | Yes |
NAGA's cost structure includes a minimum deposit of $50 and a withdrawal fee of $5 per withdrawal. Withdrawals are processed within 24 business hours, which is relatively fast. The broker does not charge for deposits made via credit/debit cards, bank wire transfers, or electronic wallets, but note that bank transfers may incur intermediary fees.
Spread and commission details are not specified in the fact sheet, but traders should consider these costs when trading. The availability of a demo account allows traders to test the platform without financial commitment.
| Deposit methods | Credit/debit cards, bank wire transfers, and various electronic wallets |
| Withdrawal time | 24 business hours |
| Withdrawal fees | $5 |
| Inactivity fee | None charged |
NAGA is a solid choice for traders who value regulation, a broad instrument range, and the flexibility of MT5. Its multi-regulatory status and client protections make it a trustworthy option. However, traders who rely on copy trading, micro accounts, or TradingView may need to look elsewhere. The $50 minimum deposit and fast withdrawals are pluses, but the $5 withdrawal fee and unspecified scalping/EA policies should be considered. Overall, NAGA is best for intermediate traders seeking a regulated, multi-asset broker with a modern platform.