Bad Brokers

Naga Review

Naga is an international Forex CFD broker, that is owned and operated by Naga Markets LTD.

They are officially located at: Ariadnis 7, Moutagiaka, 4531 Limassol, Cyprus. Contact phone number in Cyprus is: +357 25 057336, and in the United Kingdom: +44 20 3318 4345. Customer support email address is: [email protected]. Official website is: https://naga.com/.

For complaints or withdrawal problems, read this.

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Naga Review

This broker is unique as they offer their exclusive Naga Web App, which is a custom social trading platform. The Naga Web App a crypto social trading network, with many great features available. The software was created for the new generation of traders who love swiping, and enjoy a customized approach.

You will have over 750 underlying assets available for trading including Forex, CFDs, Crypto Currency, Stock Market Indexes, ETF’s, Commodities, Global Equities (Shares) from the American, European, Spanish, Swiss, German, French and Italian stock exchanges. Along side their trading app, you will find the option to use the classic MT4 & MT5 trading software. Leverage rates outside of Europe are as high as 1000:1. The spreads offered on Forex start at 1.2 pips on Major Pairs. Minimum deposit for a new trading account is $250.

Configuring the trading app / software is really very easy and intuitive. The three main areas to focus on are;

  • Market is where you go to trade on your own, with the assistance of their sentiment data.
  • Top Traders is where you are able to browse the many traders and investors for following. Instead of continuously swiping to find someone to copy, adjust the filters to suit your investing style.
  • NAGA Portfolios is their algorithm feature which you will only have access to once your brokerage account is funded.
Naga Trading App Review
Naga Trading App Review

Is Naga a Legit Broker?

When the Scam Broker Investigator reviews a Forex CFD broker like Naga, the most important aspect we check for is a valid brokers license. There are hundreds of Crypto & Forex  brokers online, and most of them are not licensed. Each country has their own financial regulator which licenses brokers.

  • European Union: Investors from the EU, will be investing with Naga Markets Ltd, which is licensed and regulated by CySEC in Cyprus, license number 204/13.
  • International: Global investors are investing with NAGA Global (SV) Ltd, located at: Trust House, 112 Bonadie Street, Kingstown, St. Vincent and the Grenadines.

Professional day traders and investors always choose to use a broker that is licensed and regulated in their country. With hundreds of brokers to choose from online, see which brokers are currently most popular.

Compare Brokers with Naga

You have plenty of companies you can compare, when it comes to social trading. You will find the most popular Forex brokers here.

PepperStone is a large and popular CFD broker, regulated by the ASIC Australia and the FCA in England. They offer Free Demo Accounts, and very competitive spreads on Crypto and other assets, read more.

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If you are currently use Naga as your broker, we would love to hear about your experience. Please share it in the comments section below.