In 2015, NAGA Markets was established as a regulated brokerage and part of the social investing network NAGA Group. NAGA Group is a worldwide fintech firm that is best known for its flagship products SWITEX and SwipeStox. ETR:N4G is the ticker symbol used when NAGA Group shares are traded on the German Stock Exchange in Frankfurt.
Since the company’s founding, NAGA Markets has provided clients with access to a comprehensive portfolio of tradable assets, including CFDs, FX, ETFs, commodities, and indexes. The company’s administrative offices may be found in ten different countries, including Mexico, South Africa, India, and Indonesia. Although the company’s headquarters are located in Limassol, Cyprus, the company’s office footprint is extensive. In addition, NAGA Markets operates on a global scale; however, the company’s services are not available in certain countries, including Belgium, Japan, and the United States of America.
The respected Cyprus Securities and Exchange Commission (CySEC), a financial regulatory agency with operations that comply with European MiFID legislation, regulates NAGA Markets. When it comes to trading platforms, NAGA Markets is a pioneer in the industry, and their offering of Social Trading is complimented by the CFD-focused MT4 and the multi-asset MT5 for a complete trading suite.
Additionally, NAGA Markets places a significant emphasis on cryptocurrencies, offering contracts for difference (CFDs) on various cryptocurrencies, including the most popular decentralized digital currency bitcoin (BTC) and open-source Ethereum (ETH), amongst others. For traders looking for a versatile and all-encompassing trading experience, NAGA Markets provides crypto-based CFDs on a huge scale and in a myriad of different permutations.
Traders can trade crypto pairs and major currencies including GBP and USD with access to more than 15 cryptos including the forementioned Bitcoin as well as Ripple, Litecoin, Dash and Bitcoin Cash. In addition, NAGA Market offers a cryptocurrency known as Naga Coin (NGC), the purpose of which is to muddy the waters between traditional financial markets and digital money.
Users are able to replicate the actions of seasoned traders thanks to the robust copy trading tools provided by NAGA Markets, which include automatic copying. Traders are able to make educated choices by basing their analysis on facts such as their win ratio and total deals. Because this project is centered on the community, it ensures that merchants that have a transaction replicated also receive an immediate reimbursement for the copy.
The fact that NAGA Markets is one of only a handful of brokers that facilitate exchanges for virtual items used in online games makes it an excellent venue for buyers and sellers who have an interest in both conventional business dealings and more recent types of mobile gaming.
On TrustPilot, NAGA Markets has received a high rating of 4.7/5 out of more than 300 reviews, but on Fox Peace Army, the sample size of reviews has been kept far lower at 22, resulting in a lower rating of 2.434. The overwhelming majority of reviews on TrustPilot (83%) are rated as Excellent, with consumers complimenting the platform and its streamlined UI and UX, which are supported by assistance that is prompt and helpful. Users also benefit from the vast selection of available markets.
NAGA Markets is one of the most respected brokers in Europe, Asia, and Africa because it has been awarded the seal of approval from CySEC. More than 500,000 accounts have been made active ever since the company was established in 2015, making it one of the most rapidly expanding in the entire planet.
Features
The following is a list of some of the most important characteristics of the NAGA Markets broker:
• Began operations in 2015
• A well-known organization that is part of the NAGA Group
• Provides a social trading platform that has won multiple awards, NAGA Trader
The vast majority of tradable assets do not incur a commission fee when sold.
• Customer service that is kind and helpful around the clock, available by live chat, phone, and email
• Outstanding pedagogical resources suitable for both novices and seasoned professionals
• Subject to the authority of the Securities and Exchange Commission of Cyprus (CySEC)
• ESMA complaint
• Rigorous licensing requirements and compliance with stringent regulations
• EU GDPR ensures data protection and privacy
• Trading platforms MT4 and MT5 are also supported.
• Collaboration with the TradingView platform
• Extensive capabilities for social trading as well as copy trading
• Educational resources that are comprehensive for both novice and experienced traders
• The CYBO AI assistant provides continuous indicators for portfolio management
• 750+ financial products available
• Includes 100+ currency pairs
• Extensive options for trading cryptocurrencies, including Bitcoin, Ethereum, and a number of others
• Contracts for difference (CFDs) on indices, stocks, and commodities
• There are no commission fees associated with trading
• Provides a leverage of one to two hundred.
• The social trading app Swipestox is now available.
• Provides protection against having a negative balance
• NAGA Wallets enables the storage of more than 1200 different tokens.
• Can be read in more than 22 different languages
• Deposits and withdrawals are processed quickly.
• Acceptance of a wide variety of deposit and withdrawal methods
Spreads as well as leverage both
With a spread of 1.2 pips for the EUR/USD currency pair, the costs of trading with NAGA Markets are on the higher end of the spectrum when compared to other brokers. Spreads, on the other hand, can be somewhat variable depending on the market conditions and the instruments used. The maximum leverage that can be obtained through NAGA Markets is 1:200, and the least amount that may be traded is 0.01.
In contrast to other brokers who classify the live account, NAGA Markets categorizes traders based on set achievement levels beginning with a base category called “Iron Trader.” Traders in this category have restricted access to the NAGA Academy and do not receive technical analysis reports. In addition to daily videos and multilingual webinars, the highest tier of membership, known as “Crystal Trader,” provides access to NAGA Academy in its entirety.
Users who have registered a live account, obtained verification, closed and copied five demo traders, opened a Stocks Account, and filled out the profile page are eligible to become Iron Traders. By doing certain tasks, traders progress through the levels of Bronze, Silver, Gold, Diamond, and Crystal. To become a Crystal Trader, for instance, one needs to have completed more than 30 profitable transactions and put down a deposit of 100,000 euros.
Through its wide contract for difference (CFD) offering, NAGA Markets gives traders the ability to bet on price changes on financial markets all over the world. It is now the host for more than 24 indexes, some of which include the Japanese Nikkei 225, the British FTSE 100, the German DAX 30, and the Indian NIFTY 50. CFDs are also available on a variety of commodities, and customers have the ability to trade in a variety of these commodities, including Gold, Silver, Crude Oil, Natural Gas, and Copper, among others. Additionally, you get access to CFDs on some of the most important equities in the entire world.
The Discover Markets function of NAGA Markets provides clients with access to a wide variety of financial instruments, including equities, exchange-traded funds, contracts for difference (CFDs), and foreign exchange, across multiple countries, including the United States, Spain, France, and the Netherlands. Additionally accessible are both Future Index Futures and Commodity Futures. Among the more than 650 stocks that are listed on the site are Facebook (NASDAQ:FB), Google (NASDAQ:GOOGL), and Netflix (NASDAQ:NFLX) (NASDAQ:FB). In addition, NAGA Markets gives customers access to 17 different ETF CFDs.
Platform
Through NAGA Trader, a registered social trading platform offered by NAGA Markets, traders have access to more than 700 markets including cryptocurrencies, foreign exchange, and virtual in-game products. Access to the platform can be gained on the web or on mobile devices by downloading free applications for iOS and Android. NAGA Trader has been given a number of honors, including the Best of Show award at the Finovate Europe Event, which are indicative of its status as a leading trading tool. Since it was first introduced to the public, NAGA Trader has won multiple awards, including the Red Herring Europe 2017 Award as well as the award for Best Social Trading Platform in 2017.
The user interface is uncomplicated and easy to use, and it includes a news feed and a messenger that are always kept current. Users are able to publish, share, like, and comment on postings thanks to the user-friendly UI’s comprehensive design, as well as publish analyses, monitor the activities of other traders, and obtain their perspectives on the markets. This feature of social trading is improved by the capability to trade instruments immediately from within the chat.
The functionality of copy trading is quite comprehensive. Users have the ability to set filters, after which they will be presented with individualized recommendations for copy trading and given access to CYBO, an automatic trading assistant. The advisor is powered by artificial intelligence, and it uses advanced algorithms to analyze the markets and locate outstanding trade indications. The “Auto Invest” section presents an overview of portfolios according to whether they are Conservative, Moderate, or Growth and based over either the short-term, the mid-term, or the long-term time horizons.
MetaTrader 4, which has been the industry standard for more than a decade, is one of the platforms that are supported by NAGA Markets. Traders have full control over crucial daily chores such as monitoring changes in the market and executing trades in a straightforward and user-friendly manner thanks to the secure, cutting-edge technology and cutting-edge features that are offered by trading platforms. Because of the 128-bit key encryption, the platform combines outstanding performance with unmatched levels of safety.
Because it is simple to set up an account in a matter of minutes and because it requires a low memory and CPU footprint, MT4 guarantees uninterrupted smooth operation throughout the whole business day, making it ideal for both novice and experienced traders. MT4 also has more complex features, such as coding-related MQL4 integrated development and algorithmic trading, to provide users with an experience that is comprehensive, bespoke, and highly advanced.
The MT4 and MT5 trading systems can be accessed through the web, desktop programs, and mobile trading platforms respectively. The MT4 and MT5 trading platforms offered by NAGA Markets are compatible with a variety of operating systems, including Windows, Mac OS X, and Linux.
The partnership between NAGA Markets and TradingView enhances the offering even further by allowing you to access a number of different charting tools that enable the tracking of live prices and list patterns as well as the creation of custom templates. These tools can be accessed through the NAGA Markets platform. Add-ons for trading platforms, such as off-the-shelf expert advisors (EAs) that can automate trades and strategies and give a variety of technical analysis indicators, are also available to traders.
Lastly, the user interface (UI) of the NAGA Markets website has been updated to a more current design, and there are ten tabs across the top of the screen. These tabs include a ‘Blog’ part with a cycle of the latest news, a customised ‘Feed’ section filled with top wins and real-time trades being made, as well as a ‘Markets’ section that allows users to find markets and search for instruments. Traders have convenient access to a number of other features, including “My Trades,” “Top Traders,” “Auto Invest,” “Academy,” “Messenger,” and “Crypto-Wallet.”
Traders have the ability to Buy NAGA Coin or Bitcoin using cryptocurrency or EUR/USD instantly through a banner at the top of the page that is located in the Crypto-Wallet area. In addition, there is an overview of trading accounts, as well as a drop-down box within the Crypto-Wallet section that contains some of the most well-known cryptocurrencies. Traders have access to functions such as receive, buy, sell, and send to for a variety of cryptocurrencies, including Ripple, Litecoin (LTC), and DASH (XRP). This platform supports all aspects of trading and exchanging cryptocurrencies.
Transactions for deposits and withdrawals
First and foremost, the Cyprus Securities and Exchange Commission (CySEC), operating under license number 204/13, has severe regulations that guarantee the safety of deposits and any money that is kept with them. Visit the NAGA Markets website from your desktop computer or mobile device to start the account creation process. You will need to make a minimum deposit of $500 in order to open a brand-new trading account.
The commission rate for CFDs and ETFs CFDs offered by NAGA Markets is a normal 0.20%, and the commission rate for CFDs offered by NAGA Markets is 0.10%. However, there are no commission costs for any other assets. Traders who make a deposit using MasterCard or Visa will not be subject to a fee for amounts of $30,000 or less that they deposit each month. When the deposit is anywhere between $1,000 and $5,000, alternative methods of funding do not incur any fees, either.
NAGA Markets accepts 13 payment options in total. VISA, VISA Electron, MasterCard, Maestro, NETELLER, SKRILL, GiroPay, clarinet, EPS, Transfers 24, DONER & REUSCHEL, Eurobank, and KB are the payment methods that fall under this category. A minimum deposit of thirty Euros, United States Dollars, Great British Pounds, or Polish Zloty is necessary for each of these payment options. There is no cost associated with any of the 13 different techniques.
On NAGA Markets, the process of withdrawing funds is brisk and uncomplicated. The withdrawal fee of 10 EUR/USD is the normal price, and this applies to all of the available ways. The threshold for this charge is $30,000, and it applies to all transactions below that amount. Accounts that are dormant are subject to the same cost of 50 EUR. Traders have the option of employing any of the 13 different payment methods that were presented earlier.
Beginners as well as support for customers
Because it offers a wealth of instructional resources through its NAGA Trading Academy, NAGA Markets is an excellent choice for individuals who are just beginning their trading careers. Beginners have access to a variety of resources, including manuals, videos, courses, and webinars, to help them get started. Beginners who do not yet have any expertise trading can also take part in basic training and receive assistance from a specialized account manager.
The emphasis that NAGA Markets places on social and copy trading makes it easy for users to locate mentors with only a few clicks, which is another way that the platform is helpful to beginners. The social trading feature makes the initial venture into trading less intimidating as it makes it possible to avoid making costly blunders. Because it enables users to duplicate the actions of well-known investors and skilled traders with only the press of a single button, auto-copying is a fundamental principle that underpins the NAGA trading platform.
There is a lot of help for customers. Live chat, email, and telephone are the key means through which customers can contact NAGA Markets’ customer care team. It is accessible at all times during the working week (Monday through Friday), and users can anticipate receiving a response to their inquiries via phone and live chat within minutes. You can expect a response to your email within the next day. According to the ratings and reviews left by customers on TrustPilot, the customer service team is able to respond to live chat inquiries in under one minute.
Because NAGA Markets has offices on four different continents, it is possible for traders in South Africa, Cyprus, Mexico, Peru, India, Indonesia, Vietnam, Thailand, and New Zealand to contact customer care by dialing a number in their own country. Traders situated in other parts of the world can connect to NAGA markets through the use of the worldwide support line.
Conclusion of Trading on the NAGA Markets
NAGA Markets was one of the first companies to implement Social Trading. Its user-friendly software was designed from the bottom up to provide a contemporary trading experience, and it offers a genuinely individualized strategy through the use of gestures, individualized settings, filters, and duplicate trading features. In order to broaden its appeal to traders all around the world, NAGA Markets provides traders with both the MT4 platform, which is the industry standard, and its own customized social trading platform. When compared to other brokers on the market, this one has a more extensive selection of offerings thanks to the tradable assets in CFDs and crypto.
The 1.2 pip spread that NAGA Markets offers for the EUR/USD pair is precisely equal to the average spread offered by other brokers in the industry. This broker is an ideal entry point for CFD trading, cryptocurrency trading and exchange, as well as social and copy trading due to the absence of commission charges and the low withdrawal fees that are charged by the broker.
When backed up by stringent CySEC regulation and compliance, you can anticipate a hassle-free and secure experience that will be on par with that of other industry leaders. Not only is customer service excellent, but it is also available around the clock, seven days a week, through multiple channels. The process of registering is likewise very easy to do.
