NAGA Trader Raises the Bar for Social Trading Platforms with New Additions
Although social trading is by no means new, and with multiple brokerages increasingly adding social trading features to their product offering, NAGA Markets, and its custom NAGA Trader platform seem to have taken it a step further. And unsurprisingly, amassing a fanatical fan base of traders, investor, and crypto-enthusiasts along the way.
NAGA Markets, the Cyprus-based broker, has set out to simplify investing, ‘empowering ordinary people to trade the global markets’ even if they have no experience at all.
With NAGA Trader, the brokerage’s proprietary social trading platform, newbie traders are provided with all the tools and features they need to be able to harness the wisdom of the community to their own benefit.
Hailed as the Facebook of online trading, NAGA Traders have their own profiles, whereby anyone within the community can view their past performance including profitable trades, preferred assets and much more. From there, it is much easier to make an informed decision as to which trader one would like to follow, copy or Auto Copy.
The Feed feature also presents users with daily news, ‘Tops and Flops’ (which assets are best/worst performing), and the most popular traders based on the number of followers and profits. Everything a trader needs to decide regarding what to trade and who to copy is found in one intact user-friendly dashboard.
More experienced traders are usually copied by others, receiving FIAT copy commissions and other rewards based on the Company’s Achievements system. Once a trader reaches the Gold Trader Achievement level, they can also apply to become a NAGA Influencer – a status with more perks and FIAT commissions.
With over 750 assets available, including CFDs on Cryptocurrencies, Forex, Stocks, ETFs, Gaming items and more, NAGA Trader is constantly growing its asset offering, as well as introducing new features to enhance the overall social trading experience for every investor type. Trading accounts can also be funded in cryptocurrency and very soon using the NAGA Card and IBAN.
NAGA’s latest venture into algorithmic trading through its AI-powered trading advisor NAGA CYBO is another way the disruptive fin-tech first firm wants to make NAGA Trader a platform which covers everything an investor may be looking for, including automated investment strategies.
Even more recent is the addition of curated thematic portfolios to the platform, NAGA Portfolios, whereby an investor can select which portfolio to invest in based on their risk appetite and investment horizon.
Asked about the recent additions and future plans, a NAGA Markets spokesperson stated, ‘NAGA is all about helping people turn their passion into wealth and to do this we focus on making our product and our ecosystem the best it can be by including everything an investor may be looking for – never sacrificing simplicity for the user and the social features that make NAGA Trader so unique.’
NAGA Markets delivers brokerage services around the globe, through its proprietary social trading platform NAGA Trader. NAGA Markets Ltd is a regulated financial services firm, authorized by the Cyprus Securities and Exchange Commission under CIF License Number 204/13. More information about the Company can be found here