NAGA Markets broker review: superb broker for trading, Social trading, and payments

NAGA would be a great option if you’d like to benefit from a user-friendly platform with advanced trading tools and become a part of one big trading community where you can share your experience with others and discuss trading strategies.

It is one of the top-rated brokers and one of the leading social investing platforms. By registering, you benefit from over 950 markets, including ETFs, Forex, commodities, crypto CFDs, a wide range of professional tools, and educational materials for traders of any level.

Together with more than a million users, you can trade and invest, learn from them, copy the best traders, or become a trading pro yourself! As one, you’ll get extra income, a largely reduced commission, and a group of friends to discuss trading with. Or, as a trading newbie, you can highly benefit from copying the most successful traders in real-time with a special NAGA auto-copy feature.

We believe that “user-friendly” comes together with “reliable,” and NAGA has a base to prove a point. It’s regulated by several of the most authoritative regulators and doctrines in the world: FCA, CySEC, MiFID II, and MiFIR.

So why can NAGA be the trading platform of your choice? 

NAGA financial regulations

NAGA aims to make trading simple and accessible for everyone. To make investment services available to clients in different jurisdictions, NAGA complies with multiple authoritative regulations around the world. 

Some of them are: 

• The Financial Conduct Authority
• Cyprus Securities and Exchange Commission (CySEC)
• Markets in Financial Instruments Directive II (MiFID II)
• Markets in Financial Instruments Regulation (MiFIR)

Also, NAGA is a member of the Investor Compensation Fund, the objective of which is to secure and compensate any claims of covered clients against members of the Fund. 

NAGA Markets trading platforms

NAGA makes it possible for you to smoothly trade and invest in 950+ assets anywhere, even on the go. Just pick an option that is most suitable for your device! Or use them simultaneously.

You can choose from: 

MT4 is a familiar platform with an allowance for copy trading, synced to your NAGA profile.

MT5 is a platform that supports a wider array of instruments, including real shares. There are the best tools for comprehensive price analysis, algorithmic trading, and copy trading.

NAGA Web App encompasses nearly all features of all other platforms. Trade all 950+ instruments on a user-friendly and advanced platform! 

NAGA iOS is a full-featured NAGA iPhone stock app where you can buy and sell any instrument, auto-copy top investors, or chat on NAGA Messenger—all from a single stock app!

NAGA Android has all the same features and abilities available for Android users!

NAGA trading instruments

With NAGA, there are more than 4000 instruments and assets available for you to choose from and trade. This list includes Forex, Real Stocks (not CFDs), Indices, Commodities, Futures, and ETFs.

NAGA trading accounts

As a NAGA user, you can open two types of accounts: a demo account and a live (real money) account. 

Opening a demo account is really easy – as soon as you register with NAGA, you’re set with one by default!  Together with it, you get a virtual balance of $10,000 to try out trading strategies safely (you won’t lose any real money, even if your trading turns unprofitable!) and for free. You can use a demo account to explore instruments offered by NAGA, see the traders’ ranking, or even start a demo trade! However, please, note that in order to benefit from advanced features provided by the broker (including copy trading), as well as to withdraw any funds, you have to have a real-money account. 

As soon as you feel confident enough, you can go ahead, verify your identity, and switch to a live account. There are all the best NAGA has to offer, including of course the most prominent feature – copy trading, which allows you to follow professional traders and copy their transactions in auto-mode. Thus, you can become a participant in the financial market, relying on the knowledge of experienced traders, and not waste time and funds on managing on your own.

How to start trading with NAGA?

Starting to trade with NAGA won’t take much of your time! Just follow these four simple steps, and you’re good to go. 

• Register and get your demo account with a balance of 10,000 virtual dollars to practice before you start trading real assets. 
• Verify your account to replace a demo with a real-money one. You’ll need to fill out the questionnaire form about your trading experience and send your proof of ID and residence.
• After you’ve done all that, you’re good to trade real instruments; just top up your account balance via the listed payment methods. 
• Enjoy your trading! Manage it on your own, or simply auto-copy other users.

NAGA Markets trading fees

NAGA charges several types of fees, those amounts are among the smallest in the industry. Another good thing here – the mathematics behind these charges is really clear, so let’s break it down by type. 

NAGA charges: 

• There is no deposit fee.
• The withdrawal fee depends on your VIP user level: $0–5 for a withdrawal with a minimum amount of $50.
• Trading fees: CFDs commissions (€2.50 for an in/out transaction), Stocks (€0.99 for an in/out transaction), commissions on ETFs (0.10% of the nominal value), swap
• Copy fee: To copy a trader, you’ll pay a fixed €0.99 fee per trade. An additional fee applies only if your profit is more than €10. For any profitable €10+ trade, you’ll pay a 5% fee for copying a trader’s order.
• Crypto trading fee: withdraw crypto to your wallet: 0.99%; Sending Crypto via an email address is 0.50%, withdrawals for NAGA Global clients are subject to an additional withdrawal fee of up to 20% of the amount, upon Payments/Compliance discretion.

NAGA Markets deposits and withdrawals

NAGA supports multiple payment methods, so you’ll find the one suitable for you. No matter how different, they all are equally protected: The NAGA payment-processing system ensures the high-level protection of your funds and is compliant with all international and domestic security standards.

Payment methods include Debit/Credit cards (Visa, Mastercard), Maestro, Discover, Paypal, GiroPay, Skrill, Eps, Ideal, etc.

There are 2 simple things required of you to be able to withdraw your funds: to make sure that you are a verified user with a confirmed identity and to verify your payment methods. If these two things are good, then you’ll be able to trade and withdraw your funds smoothly.

NAGA Advantages and Disadvantages

If you want to have fast and easy access to financial markets, then NAGA is one of the best options available for you out there. Its reliability, user-friendly interface, advanced trading tools for both beginners and experienced users and copy-trading feature have already attracted more than a million people!

Let us tell you a little more about points that make NAGA stand out among similar companies:

• NAGA is a fully regulated and licensed broker: you can be sure that your deposits are safe, and the trading mechanisms there comply with strict regulations;
• Its platform is really modern and advanced, with really demonstrative infographics and features that make the trading process as convenient as possible (for example, price alerts);
• More than 950 instruments are available for trading from one single account;
• The professional account manager is always there for you if you ever need advice;
• NAGA’s own payment app, where you can spend, save and manage your money or assess investment options with a special copy-trading feature;
• The copy-trading option allows you to find the most successful traders and just mirror their strategies! A great chance for you to learn while making a profit;

NAGA Markets Copy trading review

NAGA is one of the leading social investing platforms out there, allowing every user to trade like a pro! Sounds too good to be true? Maybe, but NAGA made it possible with a special auto-copy function. 

The NAGA auto-copy is an innovative feature that lets you automatically copy leading traders on the platform and learn from their experience.  

How does it work? You can access the list of the most successful traders and choose whom to follow. Then input the amount of money you’d like to place, click that big “auto-copy” button, and you’ll get to follow the trading decisions of experienced traders in real-time. 

The minimum amount needed to copy another trader depends on the investment option you choose. They are “Relative to Leader” or “Fixed Amount.” If you go with the first one, then the minimum amount you can auto-copy is the minimum available position of an instrument. If the second one, then $50. 

How much is this magic going to cost you? Auto-copy is beneficial both for you and the trader you follow: you benefit from their experience and solid strategies, and they earn a commission. 

The fees here are:

• If the result of the copied trade is up to €10, then the fixed copy fee is going to be €0,99 with no variables. 
• If the result of the copied trade is more than €10, then the fixed copy fee is going to be €0,99 and 5% of the profit. 

NAGA Markets Copy trading bonus

The NAGA auto-copy feature is a win for users with absolutely different skill levels. And if you’ve already mastered the art of trading, you have a bonus! Quite literally.

You’ll get a Copy trading bonus for each profitable trade mirrored by other users. Its size depends on your VIP user level, as well as the currency of your trading account and type of instrument.

Every user of NAGA can be auto-copied and earn a copy bonus. However, what you need to do first is show remarkable results in your trading activities. The more successful you are, the higher you go up in traders’ rankings.

Another way for you to become more visible to the NAGA community is to interact with other traders to make more friends. It will give you more chances to showcase your trading strategy and skills, as well as to gain more followers and earn that Copy bonus.

NAGA trading education

NAGA provides its users with a wide range of educational resources. Its academy includes weekly webinars, unique articles and e-books, and step-by-step trading video tutorials. Many materials are available to everyone completely for free. It is going to be a great help, no matter if you’re a beginner or highly experienced in trading!

Moreover, NAGA tutorials cover every tricky moment you might come across as a newbie to the platform, so you can be sure that your trading experience here will be as technically smooth as possible.

Also, there is some fine reading that can be found! Multiple e-books are available about popular bullish and bearish strategies, trading tips and tricks, technical analysis of moving averages, Japanese candlesticks, and even a trading guide for beginners.

NAGA Markets broker summary

NAGA would be one of the best options if you’re looking for a broker that can provide you with advanced, but user-friendly trading tools and introduce you to the trading community at the same time. It offers a wide choice of trade instruments and educational bases to make trading more effective and secure. The last point is guaranteed by several reputable regulative bodies, those rules NAGA has to follow (The UK: FCA, Cyprus: CySEC, Europe: MiFID II, MiFIR).

NAGA’s special feature is friendliness to users with any skill level, allowed by unique copy trading mechanisms. If you’re just starting as a trader, you can practice with a demo account first, then switch to the real one and activate that auto-copy function. If you’re a trading pro, you’ll get a nice copy bonus, when your movements will be successfully followed. Win-win for everyone!

So however long you’ve been trading and whatever financial market you’re interested in, be sure that NAGA has an option for you. As soon as you register, you get a free demo account with a virtual $10000 balance to explore your opportunities in a risk-free environment!

More about NAGA: 

• NAGA Markets for beginner traders: Social trading, free demo account, 1000+ assets, and user-friendly platforms

The key reasons why NAGA Markets is the best broker for beginner traders are a free demo account with a balance of $10000, the ability to Copy trades of professionals, educational materials, convenient platforms for web, desktop, and mobile versions, and more than 1000 trading assets, and additional tools.

• Social trading with NAGA: a way into traders’ network

NAGA, a reputable and regulated Forex and CFDs broker, offers Social trading opportunities. Join the network of professional traders to learn from market experts, automatically copy their trades, and possibly make some money while you sleep.

• NAGA Markets Forex trading mobile app: real-time market data and advanced charting tools

Embark on a journey of seamless and convenient mobile trading with the NAGA Markets app. Delve into its wide array of features, ranging from real-time market data to comprehensive charting tools. Uncover answers to frequently asked questions and discover why this app is a game-changer for traders on the move. Experience the freedom to trade anytime, anywhere, and take control of your financial future with the NAGA Markets mobile app.