Naga Trader Review

Naga Trader App

Naga Trader (formerly known as SwipeStox) is a social trading network, that opened in 2015.

They are owned by Naga Markets Ltd, which is located at: Spyrou Kyprianou 27, Mesa Geitonia, 4003, Limassol, Cyprus. Official website is: https://nagatrader.com/.

Contact phone number from Germany is: +49 404 011 0106, and the customer support email address is: support@nagamarkets.com.

Naga Trader Review

Naga Trader is a social trading network with many great features available on their web based and mobile trading apps. The software was created for the new generation of traders who love swiping, and enjoy a customized approach. You will have hundreds of underlying assets available for trading including; Forex, CFDs, Market Indexes, Exchange Traded Funds, Commodities, Global Equities (Shares) from the American, Europe, Spain, Switzerland, Germany, France and Italy stock exchanges.

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

  • Trade is where you go to trade on your own, with the assistance of their sentiment data.
  • Copy 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.
  • CYBO is their algorithm feature which you will only have access to once your brokerage account is funded. You can watch the video which gives you a general overview of the algorithms features.

Minimum deposit for a each brokerage account is $500.

SwipeStox Social Trading Software
Naga Trader Social Trading Software

Naga Trader Software

When the Scam Broker Investigator reviews a social trading software like Naga Trader, the most important aspect we check are the brokers they are partnered with. There are literally hundreds of brokers online, and many of them are not licensed or regulated. All sorts of scams exist, and many naive investors fall victim daily.

Naga Trader is not a broker, but rather a Fintech software which enables a community of traders to share their trades. The brokers they chose to work are some of the most reputable licensed Forex brokers in the world, like Naga Markets, which is licensed in Europe, see here.

Compare Naga Trader

You have a few companies you can compare with when it comes to social trading, and check out the most popular forex brokers here.

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If you are already use the Naga Trader App, we would love to hear about your experience. Please share it in the comments section below.

Published by Broker Reviews