XM Group vs NAGA Markets: a detailed comparison
Considering where to trade online is a big decision, especially with platforms like XM Group and NAGA Markets in the mix. They both offer a bunch of features that could affect your trading style and success. In this comparison, we’ll dive into what each platform offers—from what you can trade to how much it’ll cost you. By the end, you’ll have a good sense of whether XM Group or NAGA Markets is the better fit for your trading journey.
NOTE: Additionally, you can watch a quick video review of NAGA Markets ↓
XM Group vs NAGA Markets: key features comparison
| XM Group vs NAGA Markets | XM Group | NAGA Markets |
|---|---|---|
| Regulation | XM license: Cyprus Securities and Exchange Commission (CySec). Registrations for outward passporting: BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands), FI (Sweden). | CySEC, MiFID. . |
| Platforms | MT4, MT4 WebTrader, MT5, MT5 WebTrader, XM mobile trading platforms (MT4 and MT5 apps), XM mobile app. | MT4, MT5, NAGA Web App, and a mobile app. |
| Accounts | Micro account, Standard account, Ultra Low account, Shares account, Islamic, and demo. | Live (real), Islamic, and demo accounts. |
| Trading instruments | 1000+ trading instruments including forex, indices, commodities, thematic indices, metals, energies, and stocks. | 1000+ assets including commodities, Crypto, stocks, futures, Forex pairs, indices, and more CFDs. |
| Analytics and education | Markets overview, XM research, trade ideas, technical summaries, economic calendar, XM TV, podcast, XM live, live education, educational videos, Forex & CFDs webinars, platform tutorials, trading tools, MQL5, forex calculators. | Glossary, trading basics, currencies encyclopedia, currency converter, webinars, free demo account, news and analysis, daily market insights, daily hot news, earnings calendar, economic calendar. |
| Support | 24/7 support coverage. Email, live chat, phone. | 24/7 support coverage. Email, live chat, phone. |
| Bonuses | XM occasionally offers bonuses to clients. For the latest promotions, check their website. | — |
| Minimum deposit |
$5 |
$0 to register a live trading account. |
| Commissions | XM broker offers transparent fee schedules with no commissions on transactions across most account types, excluding Shares, and maintains a zero-fee policy for deposits and withdrawals, except for XM Zero Accounts, which incur commissions. | No deposit fees; withdrawal fees ($0–$5 for withdrawals over $50, depending on VIP level); trading fees: CFDs (€2.50 per transaction), stocks (€0.99 per transaction), ETFs (0.10% of nominal value), and swaps; copying a trader costs €0.99 per trade plus a 5% fee for profitable trades over €10; crypto withdrawals to wallets (0.99% fee), sending crypto via email (0.50% fee), NAGA Global clients may face up to 20% additional withdrawal fee at discretion. |
| Deposits and withdrawals | Credit and debit cards, bank transfers, e-wallets, and more. | Debit/Credit cards (Visa, Mastercard), Maestro, Discover, Paypal, GiroPay, Skrill, Eps, Ideal, etc. |
| Social trading/copy trading | Copy trading. | NAGA auto-copy. |
| VPS | ✓ | — |
| Minimum lot size | 0.1 lot. | 0.01 lot. |
| Leverage (max) | Up to 1000:1. | On NAGA Global is up to 1:1000. |
XM Group and NAGA Markets: summary
XM Group operates under CySEC regulation and holds additional licenses across Europe, offering platforms such as MT4 and MT5, a diverse range of account options, over 1000 trading instruments, extensive educational resources, continuous customer support, and transparent fee structures. In comparison, NAGA Markets is also regulated by CySEC and provides platforms like MT4, MT5, and their proprietary NAGA Web App, along with live and demo accounts. They offer a wide array of assets including cryptocurrencies, comprehensive educational materials, 24/7 support, no deposit fees, and withdrawal fees that vary based on VIP status. Notably, NAGA Markets features unique tools like NAGA auto-copy for trading convenience.
XM Group and NAGA Markets: Top FX brokers
XM Group
XM Group is well-regarded for its comprehensive trading offerings, supported by CySEC and multiple European licenses. With platforms like MT4 and MT5, it caters to diverse trading needs and preferences. XM provides a wide array of account options and over 1000 trading instruments, complemented by extensive educational resources and round-the-clock customer support. The platform emphasizes transparency with clear fee structures and occasional bonuses, making it a dependable choice across different trader levels.
NAGA Markets
NAGA Markets, regulated by CySEC, offers a flexible trading environment through platforms such as MT4, MT5, and their proprietary NAGA Web App. It boasts a diverse range of assets, including cryptocurrencies, and supports traders with comprehensive educational materials and 24/7 customer support. NAGA distinguishes itself with innovative features like NAGA auto-copy for social trading, along with no deposit fees and variable withdrawal fees tied to VIP status. This makes NAGA a compelling option for traders seeking modern tools and user-friendly trading experiences.
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XM Group vs NAGA Markets - FAQ