NAGA Markets account types: choose the perfect option for your trading style
NAGA Group AG is a publicly-traded company listed on the Frankfurt Stock Exchange. It was founded in 2015 and operates a social trading platform called NAGA, which allows users to access a wide range of financial instruments, including stocks, Cryptocurrencies, currency pairs, and commodities. The platform is designed to be user-friendly and offers feature like copy trading, where users can follow and automatically replicate the trades of successful traders.
NAGA’s Social trading concept enables users to interact with each other, share trading ideas, and learn from experienced traders within the community. This social aspect has made the platform popular among both experienced traders and beginners.
NAGA provides traders with great flexibility in accessing the markets through its diverse range of Forex trading platforms. Users can utilize the web version of the NAGA terminal, which offers a seamless online trading experience. Alternatively, traders have the option to opt for the highly regarded MT4 and MT5 terminals, well-known and favored by traders worldwide.
In addition to these comprehensive desktop platforms, NAGA has gone the extra mile by developing a user-friendly mobile app available for both iOS and Android devices. This mobile app empowers traders to stay connected to the markets and manage their trades on the go, offering convenience and accessibility at their fingertips.
NAGA values its users’ preferences and requirements, providing various account types to cater to different needs. Traders can choose from demo accounts for practice and learning, live accounts for actual trading, and VIP levels that offer exclusive benefits. In this article, we will delve into a comprehensive review of these account types to help users make informed decisions that suit their trading goals and styles.
NAGA Markets demo account
As a NAGA user, you have the option to easily open a demo account. Upon registering with NAGA, a demo account is automatically provided for you. This account comes with a virtual balance of $10000, allowing you to safely explore various trading strategies without risking any real money, even if your trades end up unprofitable. It’s a risk-free way to familiarize yourself with NAGA’s trading instruments, check out the traders’ ranking, and even practice executing demo trades.
It’s important to note that while the demo account offers a range of features, including exploration of copy trading, to access more advanced functionalities, and make withdrawals, you’ll need to have a real-money account.
Once you feel confident and ready, you can proceed to verify your identity and make the switch to a live account for actual trading. This way, you can take advantage of all the benefits NAGA offers to its real-money account users.
NAGA Markets live accounts: standard and VIP levels
NAGA offers a standard trading account with six tiers: Iron, Bronze, Silver, Gold, Diamond, and Crystal accounts. Each tier comes with its own set of features and benefits, catering to traders with varying experience levels and financial capacities.
NAGA Markets Iron account
The Iron account is designed for entry-level traders and those looking to begin their trading journey with a modest initial investment. With a minimum deposit of $250, this account grants users access to standard spreads, which ensures competitive trading conditions. Traders can benefit from the Copy Premium feature for all CFD pairs, earning $0.12 per copied trade. For FX pairs and popular assets, they can earn $0.50 per copied trade. Additionally, daily NAGA 5 Trading Signals are provided to assist in making informed trading decisions. While there is no access to one-on-one tutoring or the NAGA Profile Awareness Boost in this tier, users can still access valuable webinars and educational Ebooks to enhance their trading knowledge.
NAGA Markets Bronze account
As traders progress to the Bronze account, they need to make a minimum deposit of $2500. This account tier is well-suited for those who have some trading experience and seek more advanced features than what the Iron account offers. Traders continue to enjoy standard spreads for competitive trading costs, along with an increased Copy Premium rate for all CFD pairs at $0.15 per copied trade. For FX pairs and popular assets, they earn $0.60 per copied trade. Furthermore, traders receive a higher number of daily NAGA 10 Trading Signals for better market analysis. Like the Iron account, access to webinars and educational Ebooks is available, while one-on-one tutoring and the NAGA Profile Awareness Boost are not included in this tier.
NAGA Markets Silver account
Stepping up to the Silver account requires a minimum deposit of $5000. This tier is tailored to traders who want to elevate their trading experience to a more sophisticated level. The Silver account introduces improved Silver Spreads, ensuring tighter spreads for more favorable trading conditions. Traders benefit from higher Copy Premium earnings, with $0.18 per copied trade for all CFD pairs and $0.70 per copied trade for FX pairs and popular assets. Moreover, the daily NAGA 15 Trading Signals offer a broader scope for market insights. Access to webinars and educational Ebooks continues in this tier, while one-on-one tutoring and the NAGA Profile Awareness Boost remain unavailable.
NAGA Markets Gold account
Advancing to the Gold account necessitates a minimum deposit of $25000. This account is suitable for experienced traders who seek premium features and reduced trading costs. With Gold Spreads, traders can benefit from even tighter spreads, potentially maximizing their profitability. The Copy Premium earnings increase to $0.22 per copied trade for all CFD pairs and $0.80 per copied trade for FX pairs and popular assets. Traders gain access to a higher number of daily NAGA 20 Trading Signals for comprehensive market analysis. Additionally, the Gold account includes one-time one-on-one tutoring sessions to provide personalized guidance and support. Premium Ebooks and trade alerts are available to enhance traders’ expertise and awareness of market movements. However, the NAGA Profile Awareness Boost is not included in this tier.
NAGA Markets Diamond account
The Diamond account is designed for high-level traders who demand exceptional benefits and optimal trading conditions. To unlock this tier, traders must make a minimum deposit of $50000. Diamond Spreads are offered, ensuring the tightest spreads available on the platform. Copy Premium earnings rise to $0.27 per copied trade for all CFD pairs and $1.00 per copied trade for FX pairs and popular assets. Traders enjoy a higher number of daily NAGA Unlimited Trading Signals for comprehensive market insights. The Diamond account includes two one-on-one tutoring sessions per month for personalized guidance and fine-tuning trading strategies. Traders have access to premium Ebooks and receive trade alerts for timely market updates. Moreover, the NAGA Profile Awareness Boost is available in this tier to enhance traders’ online presence and reputation.
NAGA Markets Crystal account
The Crystal account represents the pinnacle of trading excellence on the NAGA platform. It is exclusively reserved for elite traders who seek the most exceptional benefits and optimal trading conditions. With a minimum deposit requirement of $100000, the Crystal account offers VIP Spreads, providing the most favorable trading costs. Copy Premium earnings reach their highest level, with $0.32 per copied trade for all CFD pairs and $1.20 per copied trade for FX pairs and popular assets. Traders enjoy unlimited daily NAGA Unlimited Trading Signals for comprehensive market insights and exploration of trading opportunities. The Crystal account includes four one-on-one tutoring sessions per month, providing traders with frequent personalized mentoring and support. Access to premium Ebooks and trade alerts continues to enhance traders’ expertise and market awareness. Furthermore, the NAGA Profile Awareness Boost is available in this tier, further elevating traders’ online presence and reputation.
NAGA Markets Islamic swap-free account
NAGA Markets offers an Islamic swap-free account to cater to traders who adhere to Islamic principles. To acquire this account, traders simply need to contact the NAGA Support team via email from their registered email address. Once approved, the swap-free account will be activated.
With the Islamic swap-free account, traders can enjoy trading without incurring any swap charges during the first 10 calendar days after opening a position. This feature allows traders to conduct their trading activities without concerns about swaps in the initial days.
However, it’s important to note that after the 10-day Swap-free period, normal daily Swap rates will be applicable. Traders should be aware of this transition to regular Swap rates to make informed decisions about their trades.
NAGA Markets’ commitment to offering an Islamic swap-free account demonstrates their dedication to inclusivity and providing a more accessible trading environment for all traders, regardless of their religious beliefs and practices.
How to open an account with NAGA Markets?
To open a NAGA account, you can follow these simple steps:
- Create an account with NAGA Markets.
- Fill out the registration form: Provide the required information, which typically includes your full name, email address, password, and country of residence. Make sure to use a valid email address as you may need to verify your account.
- Agree to terms and conditions: Read and accept the terms and conditions, as well as any other legal agreements or disclosures provided by Naga.
- Verify your email: After completing the registration form, NAGA will send a verification link to the email address you provided during registration. Click on the link to verify your account.
- Log in to your NAGA account: Once your account is verified, log in using your registered email address and password.
- Complete your profile: You may be prompted to complete your profile by providing additional personal details, such as your phone number and date of birth. This information helps ensure the security and compliance of your account.
- Fund your account: To start trading, you’ll need to deposit funds into your NAGA account. Navigate to the “Deposit” or “Funds” section on the platform and choose your preferred payment method to make a deposit.
- Verify your identity: Depending on the regulations and account type, you may need to go through an identity verification process. This typically involves providing a copy of your ID or passport and proof of address.
- Start trading: Once your account is funded and verified, you can start exploring the trading platform, accessing various financial instruments, and executing trades.
NAGA Markets accounts summary
NAGA Markets offers multiple trading accounts tailored to suit different trader preferences and experience levels. Account tiers range from Iron to Crystal, each with varying minimum deposits, spreads, copy premium earnings, and access to features like webinars and one-on-one tutoring. Additionally, NAGA provides an Islamic swap-free account option for traders adhering to Islamic principles. NAGA Markets also provides a demo account option for traders who want to practice and familiarize themselves with the platform’s features without risking real money. The demo account offers a risk-free environment where users can trade with virtual funds, allowing them to test different strategies and hone their trading skills. Create your account with Naga by clicking our special button.
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NAGA Markets account types - FAQ