Naga Markets Review 2018

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Naga MarketsReview

NAGA Markets Review

NAGA Markets is a reputable online trading brokerage that provides traders with an innovative social trading platform, enabling them to trade an extensive array of tradeable assets across the global financial markets. NAGA Markets is part of the international NAGA Group- a Fintech company which is listed on the Frankfurt Stock Exchange, which continues to innovate in the financial industry and has developed several financial trading apps and the NAGA (NGC) cryptocurrency coin.

The NAGA Group launched the NAGA Markets trading brokerage in 2015, with headquarters located at 27 Spyrou Kyprianou, Mesa Geitonia, CY-4003 Limassol, Cyprus. NAGA Markets is a unique online trading brokerage that offers an innovative approach to trading in the financial markets. However, can they be trusted and how are the trading services they provide? Find out by reading our in-depth review below.

NAGA Markets Video Review

Regulations

As NAGA Markets is based in Cyprus, they are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulation presents a great advantage over many other online trading brokerages as CySEC regulation helps to ensure the integrity, fairness, and transparency of a broker. NAGA Markets is very popular throughout Europe, but they do not provide services to residents of the United States, Japan, Canada, Belgium, Cuba, Iran, Iraq, Syria, and North Korea.

Reliability

NAGA Markets has thus far proven to be a safe and reliable online trading brokerage as they have had an impeccable reputation since their establishment in 2015. Also, NAGA Markets’ custom platform NAGA Trader has received several awards over the years for its innovation in social trading. All in all, NAGA Markets can be trusted to provide reliable trading services.

Trading Platforms

The trading platform featured by NAGA Markets is a proprietary web based social trading platform, NAGA Trader. Clients have access to a wide variety of traders who they may choose to follow, copy or even Auto Copy their trades. The platform allows traders to deposit money into their own personal account in which they can then place trades themselves or allocate a certain amount of capital to another trader they believe to be more successful. The trades of the copied trader will then be automatically executed for the trader who allocated their capital.

NAGA Trader features a leader board where the most successful traders are ranked, and other traders can view their portfolios, trading history, and various trading statistics. Also, all traders have access to a social news feed and the ability to place their own trades with a variety of order types. The platform also features a sophisticated charting package provided by TradingView.

There is also an easy stop/loss-take/profit tool called the NAGA Protector which can be easily applied to every trade. NAGA Trader also has an AI-powered robo-advisor, NAGA CYBO who can build personalized trading strategies based on a client’s risk appetite and preferences. All in all, traders will not be disappointed by NAGA Markets’ NAGA Trader platform.

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NAGA Markets Mobile Trading

Though the NAGA Markets trading platform is web-based, they also feature a downloadable mobile trading application known as NAGA Trader (Swipestox). The NAGA Trader (Swipestox) app is available for free from the Apple App Store and the Google Play Store. The app is essentially the same as the proprietary web-based trading platform as it supports all the same tradeable instruments, social trading features, and more, but is optimized for use on a mobile device.

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Trade Types/Instruments

NAGA Markets features over 750 tradeable instruments across more than 10 global markets. For instance, traders can trade over 47 forex currency pairs, 17 ETFs, 11 index CFDs, 641 stock CFDs, 4 commodities, 20 futures indexes, and 11 of the most popular cryptocurrency pairs. Nearly every type of trader can find something suitable to trade for them, no matter if they’re just starting out or if they’re an experienced trading veteran.

Account Types  

As mentioned before, NAGA Markets is a very accommodating online trading brokerage that adheres to every type and experience level of trader. Therefore, NAGA Markets offers their clients 6 different account types to choose from.

Iron Trader

  • Minimum deposit of 0 EUR
  • Limited access to NAGA Academy

Bronze Trader

  • Minimum deposit of 1000 EUR
  • Discounted NAGA Card
  • Other benefits

Silver Trader

  • Minimum deposit of 5000 EUR
  • Even more discounts
  • Other benefits

Gold Trader

  • Minimum deposit of 20,000 EUR
  • Personal Coaching, Trading Strategies

Diamond Trader

  • Minimum deposit of 50,000 EUR
  • Lower Spreads on Major Symbols
  • Personal Coaching, Trading Strategies

Crystal Trader

  • Minimum deposit of 100,000 EUR
  • Lower Spreads on Major Symbols
  • Raw Spreads on Major Symbols
  • Personal Coaching, Trading Strategies

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Commissions & Spreads

NAGA Markets makes money by incorporating their fees into the spread on each trade. NAGA Markets does not charge any commissions except for when trading stocks. The spreads imposed on traders are comparable with the industry standards with average spreads of 1.9 pips for the EUR/USD currency pair.

Bonus & Promotions

Because NAGA Markets is EU regulated it cannot offer deposit bonuses and promotions. But through NAGA Achievements traders get rewarded with FIAT copy commission for every one of their traders that gets copied by other traders in the NAGA community! Depending on the level reached, you also get NAGA Coins paid into your NAGA Wallet! Meanwhile, NAGA Influencers can build up their social following and get paid every time their trades get copied.

Customer Support

NAGA Markets cares deeply about their customers and thus provides an exceptional customer support experience. Clients can contact multi-lingual support representatives via telephone, live chat, and email 24 hours a day, 5 days a week. Languages supported are English, Spanish, Italian, German, Greek, Czech, Polish and Portuguese. NAGA Markets is also active on social media channels including Twitter, Facebook, and Instagram. In addition to these support methods, customers can browse the extensive FAQ page for answers to a wide variety of questions. All in all, the customer support provided by NAGA Markets is of premium quality.

Pros and Cons

Pros

  • Excellent social trading platform
  • Sophisticated mobile trading application
  • An extensive array of tradable instruments
  • Regulated trading brokerage

Cons

  • Fees and commissions can be high
  • No selection of trading platforms
  • High minimum deposit

 

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NAGA Markets Q&A

  • Is NAGA Markets regulated?

Yes, NAGA Markets is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

  • Where is NAGA Markets based?

NAGA Markets is based at 27 Spyrou Kyprianou, Mesa Geitonia, CY-4003 Limassol, Cyprus.

  • How does NAGA Markets make money?

NAGA Markets makes its money by charging traders a spread on the trades that they executed on the broker’s trading platform. Also, they charge commissions for stock trading.

  • How do I deposit in NAGA Markets account?

You can deposit funds to your NAGA Markets account via Visa, MasterCard, Visa Electron, Maestro, Bank wire transfer, Neteller, Skrill, Alternative payment methods like Giropay, Klarna.

  • How do I withdraw money from NAGA Markets?

Withdrawals of funds must be made through the same channel used for making the initial deposit.

  • How do I open an account with NAGA Markets?

To open an account with NAGA Markets, simply complete the registration form and submit it with all the relevant documentation for KYC and AML purposes.

  • Is NAGA Markets reliable?

Yes, NAGA Markets is a reliable broker as it operates under the strict regulatory requirements imposed by the CySEC.

  • Does NAGA Markets use MetaTrader?

NAGA Markets offers MT4 for clients who still feel hesitant about switching to any other platform but highly recommends its own platform which offers the flexibility of both traditional and social trading.

  • What is NAGA Markets leverage?

The maximum leverage offered by NAGA Markets is 1:30

  • Is NAGA Markets a scam? 

No, NAGA markets is not a scam. The broker is owned and operated by NAGA Markets Group.

  • How safe is NAGA Markets?

NAGA Markets is a safe broker as it operates in accordance with international best practices in regard to web security.

Conclusion

NAGA Markets is a reputable CySEC regulated online trading brokerage who provides their clients with immense opportunity to succeed when trading in the financial markets. Traders have access to an intuitive social trading platform that gives them a leading edge in the competitive trading industry. Also, NAGA Markets’ traders benefit from an extensive array of tradeable instruments and sophisticated trading tools to help them succeed.

Nearly every type of trader can appreciate NAGA Markets as they accommodate the needs of both beginners and experienced traders. The trading conditions are favorable for all traders and traders with large deposits and high trading volumes are further rewarded for their dedication. All in all, NAGA Markets is a phenomenal online trading brokerage and could be the right social trading brokerage for you.

Naga MarketsOverview

Company Information

Broker DetailsInfo
Regulated byCySEC, MiFID
Headquarters CountryCyprus
Foundation Year2016
Publicly TradedNo
Number Of Employees100

Deposit Options

Credit Card, Neteller, Skrill, Wire Transfer

Withdrawal Options

Credit Card, Neteller, Skrill, Wire Transfer

Trading Account Options

Account TypeInfo
Min. Deposit$0
Max. Leverage1:30
Mini AccountNo
Demo AccountYes
Premium AccountNo
Segregated AccountNo
Islamic AccountNo
Managed AccountNo

Naga Markets Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Arabic, Czech, English, German, Italian, Polish, Spanish

Trading Services

ServiceInfo
Supported Trading PlatformsMT4
Commission On TradesYes
Fixed SpreadsYes
Educational ServiceYes
SignalYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Guaranteed Fills/LiquidityYes
Automated TradingYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsYes
StocksYes
BondsNo
CryptocurrenciesYes

Naga MarketsUser Reviews

Rate this broker
  • 5.0
    Best Social Trading App
    Cass
  • 5.0
    Great App - nice trading-crypto-craditcard package
    Michael
  • 5.0
    Naga Markets
    Darren
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