What is Naga?
Since its founding in 2015, Naga has been operating as an online financial trading platform and multi-asset broker.
After more than seven years, Naga has developed to the point where it now provides individual clients with the opportunity to trade Forex, cryptocurrencies, indices, stocks, commodities, exchange-traded funds (ETFs), and contracts for difference (CFDs).
Because they are not permitted to operate in some of the world’s most important geo regions, Naga cannot be considered a global broker. Cyprus is the location of Naga’s main office.
The stock of Naga is denoted by a particular symbol. It is now possible to buy and sell shares of Naga on an official basis on one of the world’s global stock market exchanges as a result of the company’s decision to list its shares publicly.
When you are trading on the financial markets, finding a broker that is suitable for your requirements can be a very time-consuming process.
In the following portion of this Naga review, we are going to delve deeply into the platform and evaluate how effectively it operates in its capacity as an international multiple financial asset trading platforms for traders in the year 2022.
It is common practice to go to the websites of a number of different brokers and go over their content. Each of these websites makes unique linguistic choices. The terminology can be very difficult to understand at times. Choosing an online broker such as Naga might be a challenging endeavor. The first few challenges that a novice investor may face include what seems to be a complicated mobile or online trading platform, difficult-to-comprehend financial language, and unclear cost structures. In our analysis of Naga, both the positives and negatives are broken out. What Naga are able to provide, as well as the countries in which Naga may be found. Who or what regulates Naga, and other details.
It is essential to your success in online trading that you have a broker that is dependable and skilled. If you do not want to risk losing your investment, check to see that the broker you are working with is not dishonest or unreliable. Make sure that the needs you have align with the profile that your broker has, as this will allow you to have a strong working relationship that is also profitable.
Because of this, we have put in the effort to research and evaluate only the most reputable brokerage businesses, including their business methods, the fees they charge, and any other relevant factors. We urge you to carefully consider your options and to entrust your money to brokers who offer the highest levels of security and expertise. We trust that you will find this review of Naga to be helpful.
This analysis of the Naga platform goes into a great deal of information. If you have any interest in doing business with Naga in any form, it is imperative that you take the time to read and research the entirety of this review.
We have made an effort to explain the ins and outs of financial trading through the Naga platform in the most straightforward manner possible so that you, the trader, are as well informed as possible before beginning to use the trading tools offered by Naga and before making any deposits or withdrawals from your Naga account.
It is possible for investing online to be equally as dangerous as investing in any other type of investment offline. When making any kind of investment, it is essential to familiarize oneself with the firm in question and do adequate research on it. When trading financial assets using Naga, such as foreign exchange (Forex), cryptocurrency, indices, stocks, commodities, exchange-traded funds (ETFs), and contract for difference (CFD), among other things. It is important for you to have faith in Naga and recognize that the administration of your monetary investments on the Naga platform is being handled by capable individuals.
You can find some really solid alternatives to Naga at the very bottom of our review of Naga, where you can also find further information.
By providing you with this review of Naga, we hope to assist you in determining whether or not you would benefit from using Naga.
The idea that doing business online is simple is a widespread fallacy. Trading online is challenging, and traders need to do their own research and have a solid grasp of what they are doing in order to be successful. You are going to acquire some useful information about Naga in this article, information that will assist you in getting off to a strong start in the competitive world of online trading.
With approximately 950+ Assets, the Naga Trading Platform is a Multi-Asset Trading Platform.
The Naga platform is a multi-asset exchange that offers trading in more than 950 different assets. Forex trading, trading in cryptocurrencies, trading in indices, trading in stocks and commodities, trading in exchange-traded funds and trading in contracts for difference are some of the assets that can be traded on Naga.
The trading activities of Naga encompass a wide variety of financial assets. Any security or asset that has an attached financial value, whether tangible or intangible, is considered to be a financial asset. Therefore, currency trading, trading in cryptocurrencies, trading in indices, trading in stocks, trading in commodities, trading in exchange-traded funds, and trading in contracts for difference are all considered to be financial assets.
The Virtual Portfolio, which is sometimes referred to as a Demo Account, Stop-Loss Orders, and Take-Profit Orders are some of the features offered by Naga.
• Naga offers advanced financial chart comparison tools
• Naga offers research-backed analysis on financial markets and investments from top analysts
• The Naga platform is available to use on multiple devices, including Apple Mac computers, and online through a Web Browser
• Naga offers an easy to use trading platform with tools for both new traders and experienced traders
• Naga offers research-backed analysis on financial markets and investments from top analysts
• The Naga platform is available on multiple devices, including Apple Mac computers
• The Naga platform is available on multiple devices, including Apple
The ability to use the Naga platform in more than 15 distinct languages is a benefit for users of Naga.
What you need to be aware of
Trading opportunities provided by Naga include foreign exchange (Forex), trading of cryptocurrencies, trading of indices, trading of stocks and commodities, trading of exchange-traded funds (ETFs), and trading of contracts for difference (CFDs). On the Naga trading platform, the assets and items that are accessible to you are determined by the region of the world you are now located in as well as the entity with which you have an account.
A deposit of at least $250 is required to open an account with Naga. You can become familiar with the Naga platform by registering for a demo account on our website.
The Naga trading platform is flexible enough to suit traders of varying expertise levels, even complete novices.
Are Naga safe?
When selecting a broker such as Naga, it is essential to take into consideration the administrative body and regulatory status of the broker. When there is no oversight from a regulatory agency, it is up to the discretion of the broker to decide whether or not to execute a trade. Putting your money into the stock market puts it at risk.
The headquarters of Naga, which opened in 2015 and has been in business for seven years, is located in Cyprus.
Naga is regulated. This indicates that the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, the Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, the Commissione Nazionale per le Società e la Borsa (Consob) reg 3844, and the Comisión Nacional del Mercado de Valores (CNMV) reg 3591 are the regulatory bodies that supervise
Because of the laws that are in place, it is extremely unlikely that regulated brokers will attempt to manipulate market pricing. This will be respected once you have communicated your desire to withdraw funds to Naga. Should Naga break any of the rules that govern their regulated status, they risk having it revoked.
Your financial resources are in jeopardy.
Is it safe to put my money in Naga’s hands?
Any funds made by traders and deposited into Naga accounts are kept in a separate bank account for security purposes.
The usage of tier-1 banks by Naga is an additional security measure. The official measurement of a bank’s financial health and strength is referred to as Tier 1.
What exactly are Tier 1 banks, and why should Naga utilize such financial institutions?
It is generally agreed that Tier 1 banks offer the highest level of protection for their customers’ funds. A bank’s ability to meet its financial obligations is referred to as its “Tier 1” status. A Tier 1 bank is one that possesses substantial core capital reserves and is typically in a position to withstand unforeseen losses.
What exactly does it mean to have your money in Naga kept in a bank that is classified as a Tier 1 institution?
If you choose to deposit money with Naga, that money will be stored in a bank that is solvent enough to honor your withdrawal requests in the event that Naga goes out of business for some reason.
As a result, we can reasonably conclude that Naga is secure and safe to an acceptable degree.
Having said that, it is important to keep in mind that you run the risk of losing money when trading in financial assets. The failure to put in sufficient effort into researching the markets, the absence of relevant experience, or the refusal to make use of the tools provided by the brokerage platform are all potential causes of account losses.
When trading in financial investments, it is not unusual for investors to suffer a sudden loss of capital as a result of Forex trading, cryptocurrency trading, indices trading, stock trading, commodity trading, exchange-traded fund trading, or contract for difference trading. You should only engage in trading when you fully comprehend the fact that the volatility of the market puts your invested capital at danger at any given moment. Additionally, Naga makes it quite apparent on their platform that the potential loss of your capital cannot be ruled out.
Now that we have the answers to several key concerns concerning Naga, we can move on. Let us take a closer look at the characteristics of the Naga.
When dealing with Naga, you should try creating two accounts for yourself. The first is known as your genuine account, and it contains the money you intend to withdraw, while the second is known as your demo account. The demo account serves as your testing ground for new features.
Naga The Good and the Bad
What appeals to us most about Naga
• Established in 2015
• Used by over 650,000 Naga users and traders
• Regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, the Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, the Commissione Nazionale per le Società e la Borsa (Consob) reg. 3844, and the Comisión Nacional del Merca
What we do not like about Naga is that it does not permit hedging and is not regulated by ASIC.
Naga Regulation and Licensing in more detail
Following our investigation, we can confirm that credible organizations regulate and keep an eye on Naga. You are able to look into each and every supervisory and regulatory body that pertains to Naga that is listed below. Those who are dissatisfied with Naga now have some legal options available to them thanks to the regulation. The traders are safeguarded by regulatory authorities through means like as reimbursement programs, which are designed to recoup the client’s money in the event that the broker goes bankrupt.
In order to maintain their licenses and carry on business in the relevant jurisdictions, the brokerage companies must demonstrate that they are in compliance with a wide range of regulations and criteria that have been established by the regulatory authorities in those jurisdictions. The purpose of regulation is to safeguard Naga merchants and make the marketplace a more secure place for commercial activity. Financial regulation and license approval is needed.
• The Cyprus Securities and Exchange Commission (CySEC), operating under license number 204/13
• Number 609499 issued by the Financial Conduct Authority (FCA)
• Regulation 135203 issued by the Federal Financial Supervisory Authority (BaFin).
• Commissione Nazionale per le Società e la Borsa (Consob) reg 3844
• Comisión Nacional del Mercado de Valores (CNMV) reg 3591
Reputable financial regulatory bodies are in charge of regulating, governing, and supervising Naga’s operations. The actions of the brokers are monitored by regulatory agencies, and if something goes wrong, these bodies will take the appropriate measures. You should make sure that an online broker like Naga is a legitimate online agent before engaging in online trading with them.
Is Naga Global?
No, Naga does not have a global presence, and it is not sold anywhere in the world because it is not sold in some of the most important trading nations.
The use of Naga is prohibited in a number of significant geographic areas.
An Explanation of Naga Fees
• Withdrawal fees from Naga depend on the payment type used.
• Naga does not impose any fees on deposits.
• Inactive accounts on the Naga platform are not subject to any fees.
Online trading platforms, mobile trading apps, financial research tools, and instructional resources are some of the services that brokers provide. In order for a brokerage to continue providing these services and generate income for the business, You need to be aware of the various trading fees that brokers may charge their customers because they may have an impact on your profit and loss statement.
Naga Minimum Deposit
When opening a trading account with Naga, a minimum deposit of 250 GBP/USD/EUR is required from the customer.
When opening a new online brokerage account with Naga, a minimum deposit is the bare minimum amount of money that is required from the customer.
Don’t let the fact that some brokers, like Naga, need a minimum deposit to create a trading account deter you from opening one. Brokers who need larger minimum deposits almost always provide additional premium services on their platforms, which are not offered for free on other platforms but are available for a fee on their own.
Brokers that need lower minimum deposits typically cater to a more mainstream clientele that does not require some of the more technical features and research tools. This type of clientele is more likely to have more disposable income.
Brokers who do not require minimum deposits typically do so in order to entice new clients to sign up with them. Since they are required to provide returns in some fashion, the transaction commissions and other trading fees associated with accounts with low minimum deposits are likely to be higher.
It is common practice for brokers who need a higher minimum deposit amount to provide clients with access to a wider variety of trading capabilities on their respective platforms. These brokers typically have research and analytical tools that are more in-depth and technically advanced, as well as stronger risk management functions.
The minimum deposit required to start a live trading account has decreased as a result of the increasing number of online trading platforms that have joined the market. This is due to the increased number of brokers that are competing for new customers.
Some brokers ask a minimum deposit that is as high as 6,500 GBP or USD, depending on the type of trading account you choose to open with them. There are some brokers who are able to reach as high as 10,000 GBP/USD.
Naga Withdrawal Fees
The fees associated with withdrawing money from Naga are different for each available withdrawal option.
When it comes to taking money out of your trading account, each broker has their own set of regulations about how and when this can be done.
This is due to the fact that every brokerage company will have its own unique system for making withdrawals, and every payment provider may charge different costs for processing transfers, have varying processing timeframes, and charge additional fees for currency conversions. The conversion cost is calculated based on your base currency, the currency of the recipient account, and the payment provider you use.
For instance, Naga enables you to withdraw your funds using bank wire transfer, debit cards, Visa, MasterCard, Boleto, China UnionPay, iDeal, GiroPay, EPS, P24, and Trustly, amongst other payment methods.
The fees for Naga inactivity
Inactive accounts are not subject to a fee when used with Naga.
The customer of a registered brokerage may be subject to a cost known as an account inactivity fee.
Clients may be required, according to the terms and conditions of their accounts, to satisfy certain trading activity requirements that may be imposed by their brokers.
In the event that a client’s trading account does not have any buying and selling activity for the duration of time specified by the broker, the client may be required to pay an inactivity charge.
There are other types of accounts besides online trading accounts that can incur inactivity penalties. There are many companies that provide financial services, and some of them may levy inactivity fees. Please examine the website of the broker to ensure that you are aware of and content with all of the services and fees that may be charged to you and that you have done so.
If you no longer intend to use your trading account, contact the customer support for your broker to have it closed. In addition to that, double check that you have a confirmation that there are no outstanding costs to pay.
An inactivity fee is something that, depending on the kind of account you have signed up for, you may or may not be subject to paying under specific conditions. As part of the regulations that apply to brokers, they are expected to make clear disclosures on any inactivity costs.
In an effort to recoup revenue lost due to the absence of commission fees from your trading, some brokerage firms may levy inactivity fees as a compensation for maintaining your account on their pricey trading platforms. These costs are intended to cover the cost of maintaining your account.
Naga Deposit Fees
Naga does not levy deposit fees. Despite this, fees from your bank or a third party merchant can be assessed.
When you deposit money from your payment method into your trading account, you should always check the fees associated with the deposit because certain brokers may charge you a fee. This is due to the fact that the mode of payment that you use to fund your account may come with an associated cost.
When you deposit a certain type of fiat cash into your account, you can be subject to a fee that is always the same amount. Depositing payments from a credit card, for instance, is notorious for having high costs associated with it. This applies only in the event that your broker allows you to fill your account with a credit card.
Fees Charged by the Naga Commission
Commission fees are applicable to CFD products traded through Naga.
When a broker facilitates the buying and selling of financial assets through your trading account, the broker may assess a commission fee in addition to the standard trading fees as a kind of a service charge.
It’s possible that the majority of a brokerage house’s revenue comes from the commission fees they charge registered traders on client transactions.
The trading type, the type of financial asset, and the amount of trading account that you have can all have an impact on the commission costs that you are charged.
If the brokerage fulfills an order, cancels an order, or modifies an order on your behalf, you will be responsible for paying a broker commission.
In most cases, the commission fee will not be assessed if your brokerage is unable to fulfill a market order.
Be advised that if your order is changed or canceled, the brokerage that handled the transaction can charge you a commission fee.
What kinds of things can you barter with Naga?
Be advised that different businesses operating under the Naga Brand offer a variety of trading instruments because of the constraints imposed by regulators. The client’s nation of residency and the organization that manages the customer account both have an impact on the trading instruments that are made available to them. In addition, the trading instruments that are made available to you by Naga may differ based on the trading platform that you select to use for your transactions.
You can barter with Naga for an extremely diverse selection of instruments—more than 950 different instruments, to be exact.
If you are interested in finding Forex brokers to trade currency pairs on worldwide Forex markets, Naga offers more than 45 currency pairs for trading.
Trading on various web platforms and applications provided by Naga
One of the few brokers that offer both the MT4 and MT5 versions of the MetaTrader platform, Naga is that broker. You can read our comparison of MT4 and MT5 here if you’re interested in finding out how the two platforms stack up against one another.
The cTrader platform was built specifically for traders, and Naga is one of the very few brokers that provide it. Check out our comparison of MT4 brokers to find a list of forex brokers who provide the cTrader platform.
On your mobile phone or tablet, the native iOS or Android app from Naga will work much more quickly than the Avatrade website would on the same device.
Additionally, Naga has mobile applications for both Android and iOS, making it much simpler to monitor your transactions and carry them out even while you are moving about.
Is There a Lack of Security on the Naga Trading Platform?
By utilizing SSL encryption in both its desktop and mobile applications, Naga ensures the privacy of its customers’ sensitive information. When using Naga, customers are strongly encouraged by the company to check their browsers for the presence of the SSL security symbol, which appears in the form of a locked padlock.
Options for Trading on the Naga Platform
After successfully logging into your Naga account, you will be presented with the following trading platform options for your consideration.
• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• cTrader
Let’s go into the nitty-gritty of each of these trading platforms and the alternatives that Naga provides for you.
Naga MetaTrader 4 (MT4)
MetaTrader 4, usually abbreviated as MT4, is one of the most well-liked trading platforms currently accessible. It has been put to use in the financial markets continuously since the year 2005. The MetaTrader 4 program provides a feature-rich, user-friendly interface as well as an incredibly customizable trading environment. These elements are meant to meet all of your trading demands and improve your trading performance. Charting capabilities as well as more sophisticated order management features.
You should be aware that the MetaTrader 4 (MT4) trading platform was built primarily for the purpose of trading foreign exchange (Forex); nevertheless, you can trade various types of financial products through the use of CFDs and spread betting. On any MetaTrader 4 (MT4) platform, you will not be able to trade stocks, indices, commodities, exchange-traded funds (ETFs), or futures unless the underlying asset is a CFD contract or spread bet. As you speculate on price changes with Naga, you should be aware that if you use CFDs or spread bets, you will not own any of the underlying assets.
You can begin utilizing the MetaTrader 4 platform with Naga in a number of different formats, including through an online web platform, through an application that can be downloaded for Windows PCs and Apple Macintosh computers, and through a mobile application. Naga The most recent version of macOS, Mojave, is compatible with MetaTrader 4. Traders are able to do business on the go with Android and iOS devices like the iPhone thanks to Naga’s mobile trading platform.
Metatrader 4 Webtrader on Naga
As more and more investors choose to conduct their business online, MetaTrader 4 has emerged as the most widely used trading platform in the world. You can use your web browser to access the web-based application version of Metatrader 4, which is available for use. Advanced charting, a highly customizable trading environment, trading tools that are simple to use online, and a wide variety of indicators are just some of the features that make the desktop version of MetaTrader 4’s web software just as user-friendly as its web-based counterpart. You are free to trade in our Raw Pricing environment without the assistance of a Dealing Desk from any location on the planet.
IOS users can get access to the Naga MetaTrader 4 trading platform.
You can trade with Naga through the MetaTrader 4 program, which is available on the Apple app store. Alternatively, you can download the Naga app.
The Metaquotes MetaTrader 4 Program is available for free download from the App Store on your Apple device. Customers of Naga have immediate access to these financial markets and the opportunity to totally manage a Portfolio when they are moving around.
Android users can trade using the Naga MetaTrader 4 platform.
There are millions of people across the world who utilize mobile devices and tablets powered by the Android operating system. Customers of Naga’s are given access to the MetaTrader 4 platform on Android-supported devices. This enables customers to keep an eye on the financial market and conduct transactions directly from their Android-based smartphones and tablets. The Android Naga MetaTrader 4 Android application offers traders to take advantage of many advanced trading tools, which in turn enables them to monitor and trade Forex swiftly and easily while on the go while maintaining a high level of safety.
Trading Central’s Alpha Generation Indicators is a Bundle of three Major Indicators that Includes Trade Naga MetaTrader 4 Trading Central’s Alpha Generation Indicators, Which Includes
• Analyst Perspectives is an indispensable tool for senior management and other key positions.
• Adaptive Candlesticks is a charting tool that recognizes patterns on a chart that represent significant shifts in the relationship between demand and supply.
• The Adaptive Divergence Convergence (ADC) indicator is very similar to the Moving Average Convergence Divergence (MACD) indicator; however, it is beneficial at shorter time durations and delivers more timely indicators.
Naga Advanced Trading Tools for MetaTrader 4 (MetaTrader 4)
The advanced trading tools known as Naga, which are compatible with MetaTrader 4, have been designed with the goals of enhancing the overall trading experience and giving traders an advantage over their peers. Access to 20 special tools is provided by Naga, some of which include feature-rich trade execution and administration programs, advanced notification alarms, communications capabilities, and creative market data, among other things.
Trade Naga MetaTrader 4 MultiTerminal
Traders are able to administer and monitor several trading accounts thanks to the dashboard that is provided by MetaTrader 4 MultiTerminal, which is both user-friendly and straightforward. You’ll be able to manage over 100 accounts at the same time with MultiTerminal, which gives you the ability to check live market prices, place market orders and pending orders, track all accounts and equity in real time, and view market prices in real time. It is required that all trading accounts be located on the same MetaTrader server. The Automated Trading scripts, often known as Expert Advisors, are not supported by MultiTerminal.
Naga MetaTrader 4 & MetaTrader 5 AutoChartist
Naga Autochartist is the only company in the world to offer a Market Scanner that is compatible with MT4 and MT5 and that uses an Expert Advisor script that does not include trading. Conduct market analysis to identify potential trading opportunities while simultaneously monitoring all symbols and time intervals on a single graph. The days of opening a plethora of graphs on which it was impossible to keep track of whatever currency one was examining are over. Autochartist provides a straightforward user interface that may be modified to reflect the manner in which the individual like to trade.
Naga MetaTrader 5 (MT5)
MetaTrader 5, also known as MT5, is a multi-asset trading platform that offers a wide variety of trading features and tools for financial research. In addition, MT5 makes it possible to use automated trading systems (also known as trading robots) and copy trading. You may be able to gain a competitive advantage in the financial markets by utilizing newly added features, such as advanced charting tools and additional timeframes.
The new and improved version of MetaTrader 4, which was released in 2010, is known as MetaTrader 5.
MetaTrader 4 was developed solely for the purpose of trading foreign exchange and contracts for difference (CFDs), whereas MetaTrader 5 makes it possible to trade foreign exchange, futures, stocks, algorithmic trading, ETFs, and indices.
Trade Naga MetaTrader 5 WebTrader
You can log in to any of your Naga MetaTrader 5 accounts using any web browser. You will have access to all of the trading resources you require in order to trade on and analyze the financial markets thanks to its extensive selection of tools, which includes additional timeframes and the most recent technical indicators.
Naga MT5 Trading Goods and Services
On iOS Devices, the Naga MetaTrader 5 Trading Platform
The iPhone, iPad, and other more recent Apple iOS devices are capable of running the latest version of Naga MetaTrader 5. To use MetaTrader 5, you need to have either a mobile internet connection or a Wi-Fi connection. It is strongly recommended that you update the iOS MetaTrader 5 app on a consistent basis. Newer versions come with enhanced functionalities as well as higher levels of stability. The market data of financial instruments that are traded in the market execution mode can be viewed by traders using the Naga MetaTrader 5 platform.
Naga MetaTrader 5 on Devices Operating Android
MetaTrader 5 for Android can be installed and run on any Android smartphone or tablet that runs Android 5.0 or a later version of the operating system. To connect to the Naga trading server is another requirement. Spend some time getting familiar with all of the different features that the Android MetaTrader 5 has to offer. You have the ability to trade a variety of financial instruments whenever and wherever you want with the help of Metatrader 5 for Android.
Naga Metatrader Mobile Application Features
The creators of Metatrader, MetaQuotes, have taken the comments and suggestions of their millions of customers into consideration when developing the most widely used mobile trading platform in the entire globe. The following are some of the features offered by MetaTrader:
• Quotes for financial instruments;
• In-depth price charts for financial instruments;
• Management of trades and open positions;
• Viewing of your trading history;
• Viewing of market news;
• Internal messaging for MetaTrader;
• Viewing and research of market statistics for Naga financial instruments
• Opening and closing positions;
• Lookup symbols in the quotations area;
• Display of deals on graphs;
• Timeframe option for graphs and charts;
• Additional vertical scaling of graphs;
• Capability to transfer accounts to other devices using QR codes.
• Information is only accessible if it comes from Naga, who is the source of the information.
FaceID or fingerprint access is required in order to use the OTP generator.
Naga Advanced Trading Tools for MetaTrader 5 (MetaTrader 5)
Naga MetaTrader 5 offers a wide variety of sophisticated trading tools for those with more experience. Having a working knowledge of these tools can offer you an advantage over your competitors.
• Bid and ask prices at various depths of the market
• Price data
• Margin calculation for futures and forex
• Highly Advanced Technical Analysis
• Trading with Just One Click
• Spreads
• Futures
• Trading Reports •
Naga cTrader is an all-encompassing trading platform solution that may be offered to traders by Forex and CFD brokerages as an option for those traders to use. The platform is loaded with an extensive selection of features, making it possible to satisfy any and all conceivable preferences about investment strategies.
Available on Naga is the cTrader Premium Charting and Manual Trading Platform.
A leading multi-asset platform for trading Forex and CFDs is called cTrader. The complex order types, charting tools, amount II pricing, and speedy entry and execution are all available through cTrader. It makes use of a stunning-looking layout and dashboard and is connected to cutting-edge technology, both of which can be viewed from a variety of different devices.
cTrader Copy is currently accessible on Naga.
CTrader Copy gives everyone on the site the ability to share their trading method as well as their investing strategy for a charge or a commission. Other dealers are able to seek for and imitate the strategies that are available, and they can enjoy risk-free investing as a result. In addition, traders are free to apply any risk management configurations that best suit them.
cTrader Automate is now accessible through Naga.
Traders now have the potential to automate their financial trading strategies with the help of algorithmic trading robots that they may construct using CTrader Automate. Within the integrated development environment (IDE), code may be written using cTrader’s modern C# application programming interface (API). The IDE enables developers to optimize and test their financial robots.
Open API for cTrader is now available on Naga.
Utilize cTrader’s Open API to develop your own own program. Everyone has access to a free and safe API that is made available to the public. When creating software for desktop computers, mobile devices, or the web, developers can take advantage of cTrader’s established infrastructure. The open application programming interface (API) makes it possible for developers to interact and interface with any cTrader account.
How do I get started doing business with Naga?
You will be required to sign up for an account with Naga here before you can begin trading with them. After you have made a deposit, provided your identification documents to have your account validated, and got your login details through email, the following step is to download the trading platform of your choosing. Here you will discover extensive instructions on how to use Naga’s trading platforms. As part of the onboarding process for Naga and the standard KYC identification checks, you will be required to present certain fundamental papers to establish your identity. These inspections are part of the company’s routine operating procedure and contribute to Naga’s ability to provide a secure financial environment for its 650,000 members.
Your financial resources are in jeopardy.
Taking part in commercial transactions with Naga
You are permitted by Naga to carry out a bare minimum of trading in varying goods. This could be different based on the account that you choose to open. You are able to carry out a maximum trade of varying types with Naga. You may anticipate tighter spreads and more transparency over the amount you’re paying to execute your trades thanks to Naga’s Straight Through Processing (STP) execution.
As is the case with the vast majority of brokers, the margin requirements can shift according to the instruments.
Let’s take a look at some of the fundamentals of utilizing Naga leverage before we go on to CFD Trading on Naga.
CFDs, which are offered by Naga, are a type of leveraged instrument; for the purpose of this example, 10 times leverage will do.
You are in a position worth ten thousand dollars, but you can only commit one thousand dollars, which is one tenth of the total value in your account. You are in a situation in which a relatively modest sum of money controls a significantly more advantageous financial position. This gives you some negotiating power.
To answer the question, what impact does using leverage have on your earnings and losses, we can say that, to put it another way, it simply magnifies them in both directions.
When it comes to trading, using leverage can magnify both profits and losses.
Consider the following scenario: you use the Naga trading platform to buy or sell contracts for difference (CFDs) in the amount of ten thousand dollars worth of General Electric (GE) stock.
Suppose that General Electric (GE) shares increase in price by 10% as a result of positive results, and that your position in the company, which was worth $10,000, is now worth $11,000.
It has increased in value by one thousand dollars, which is a ten percent growth, and this represents a one hundred percent increase on the funds that were initially committed on your leverage CFD trade.
Our initial investment of ten thousand dollars was made for the trade, and because the price has increased by ten percent, we have made a profit of one thousand dollars.
The Naga have leverage in both directions. In the event that General Electric (GE) experiences a 10% decline in week-on-week results, the value of your position, which was previously valued at $10,000, will drop to $9,000. It has decreased by one thousand dollars since yesterday.
Trades conducted with Naga CFDs are often conducted over short to medium time horizons. Take, for instance, the intraday CFD trading on Naga. CFD trades carry a high level of risk due to the fact that they are not integrated with the financial markets; yet, they can be more flexible than typical market trading in which the investor owns the underlying asset. Trades in contracts for difference (CFDs) provide investors with access to CFD fractional shares, CFD overseas markets, and CFD short selling. CFDs can also be used as a hedging tool for more experienced traders.
Always keep in mind that contracts for difference (CFDs) are intricate instruments that come with a great potential for experiencing rapid financial loss owing to the use of leverage. Your financial resources are in jeopardy.
Limit Risk When Engaging in Business with Naga Do not lose control, Naga. Stop Limit Orders
An order to purchase or sell a stock at a predetermined price is known as a stop-loss order, and it is often placed with a broker such as Naga. A stop-loss order is a type of order used by traders to restrict the amount of money they lose on a particular security position.
If a trade is not hedged against another trade or the trader is not employing leverage, then the majority of traders will need to utilize stop losses in order to protect themselves from taking on excessive risk. The trade and the markets each have their own influence on the circumstances.
Educational Opportunities Available at Naga
In order to trade successfully with Naga, it is essential to get a solid understanding of the trading tools offered by Naga as well as the various marketplaces. It is imperative that you make the most of all the educational resources available to you. This offers eduction tools that may be used with Naga as well as externally.
The instructional resources provided by Naga are varied and comprehensive. Take things slowly and educate yourself on how the financial markets behave. Spend some time getting familiar with the functionality of your trading platform. Learn how to make buy and sell trades, how to take advantage of worldwide trading times, and most crucially, how to mitigate and manage the risk of investing.
When doing business with Naga, it’s probably a good idea to take an analytical approach to things.
Spend some time exploring the Naga platforms and work on developing your ability to think about the markets in a more methodical and rational manner. It is a new skill set for many people, but the market expects you to have it in order to compete.
Support for Customers at Naga Inc.
As part of our examination of Naga, we investigate the various customer care choices, response times, and the efficiency with which Naga trading platform issues are resolved.
The following languages are supported by Naga: English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hebrew, Arabic, and Russian. Other supported languages include Hindi, Hebrew, and Arabic.
The customer service provided by Naga earned a grade of D due to the fact that on occasion, responses were slow or our questions were not answered. When compared to other brokers, Naga’s customer service is lacking in options such as live chat, phone support, and email support. email support is available, however only a select number of languages are supported. There are only a few languages that are supported by the live chat assistance. There are only a few languages that are supported by the phone support.
Support for Livechat on the Naga Website
We gave the Naga live chat a try, and found that it functions correctly. We sent messages to Naga livechat through their website and app, and we received a response within twenty minutes of sending the message. There would be instances when there would be no reaction.
We tested our ability to communicate with the Naga support team in a variety of languages and countries. The problems that our customers were having were solved by Naga.
Email Support at Naga
We emailed Naga on multiple occasions, and the response speeds, on the whole, were really good. The quickest response time I received from Naga was four hours, and the longest response time I received was five days. There would be instances when there would be no reaction. This may not be the case for you with Naga’s customer support response timings, but this was our experience after sending 10 emails at different times.
Our issues were fixed, and our questions were answered. Overall average email support from Naga.
Support over the Phone at Naga
When we dialed Naga’s number, she picked up the phone very immediately. The call was answered in fewer than five to ten minutes after it was received.
The Naga phone support team was able to answer our queries and solve our problems successfully while we were on the phone with them. We put the Naga team’s linguistic versatility to the test by speaking in a variety of languages. Naga made an effort to ensure that all of our questions were addressed and satisfied.
In general, the phone help that Naga provided was satisfactory.
What is required of you in order to create an account with Naga?
Because Naga is regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 204/13, the Financial Conduct Authority (FCA) no. 609499, The Federal Financial Supervisory Authority (BaFin) reg. 135203, and the Commissione Nazionale per le Società e la Borsa (Consob) reg. 3844, and the Comisión Nacional del Mercado de Valores (CNMV) reg. 35 If you want to register a new account, you should probably have the following information on hand, as you will most likely be asked for it:
• It is important to be informed that the date of expiration of the Proof of address document for the various entities that fall under the Naga Brand umbrella may vary.
• A scanned and color copy of your passport, driver’s license, or other national identification document • A utility bill or bank statement indicating your address from within the past three months
It is important to set aside at least five minutes or so to finish the account opening procedure because you will be required to answer a few simple compliance questions to certify how much trading experience you have. These questions are designed to ensure that you have the necessary level of knowledge.
You might be able to explore Naga’s platform right away, but it’s important to keep in mind that you won’t be able to make any trades until you pass compliance, which can take anywhere from a few hours to several days depending on the specifics of your situation. In the meantime, you can still explore the platform.
CFDs are leveraged products, which means that you run the risk of suffering losses that are greater than the capital that you initially invested. All trading entails risk. You should only risk money that you can afford to lose. Past performance does not guarantee future results.
This article is meant to educate readers and in no way should it be construed as offering investment advice. All of the information was gathered on October 30, 2022, from the website https://naga.com/.
Is Naga a Reliable Trader to Work With?
We devoted more than a quarter of a year to conducting in-depth research on Naga. In spite of the fact that we discovered a few really helpful features of the Naga platform that we believe would be beneficial to certain traders, we are of the opinion that you would be better off using an alternative to the Naga platform.
• Forex, cryptocurrency, indices, stocks, commodities, exchange-traded funds (ETFs), and contract for difference (CFD) trading are among the services offered by Naga, which have a proven track record of success.
• Naga has been around for more than seven years.
• The customer support for Naga is a respectable size, including at least 10 customers.
• The Cyprus Securities and Exchange Commission (CySEC) has granted license number 204/13 to Naga. In addition, the Financial Conduct Authority (FCA) has issued number 609499, the Federal Financial Supervisory Authority (BaFin) has issued regulation number 135203, the Commissione Nazionale per le Società e la Borsa (Consob) has issued regulation number 3844, and the Comisión Nacional del Mercado de Valores (CNMV This indicates that Naga are subject to regulation from a country that has the authority to hold a broker accountable for the shortcomings of their services, or at the very least play an arbitrating role in the event of more significant disagreements.
• Naga are subject to regulation from highly regarded regulatory agencies.
• Deposits and withdrawals can be completed in as little as two to three business days through Naga’s services. When it comes to withdrawing funds, this is a crucial consideration.
• The Naga people have a presence in a number of different countries around the world. This includes seminars and training sessions held locally by the Naga.
• Naga are able to recruit people from various regions across the world who are proficient in your native tongue and can do so in a more efficient manner.
