Naga is a social trading network, that opened in 2015.
They are owned by Naga Markets Ltd, which is located at: Ariadnis 7, Moutagiaka, Limassol 4531 Cyprus. Contact phone number from United Kingdom is: +442033184345, and the customer support email address is: email@example.com.
Official website is: https://naga.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.
Naga License and Regulation
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 Markets Ltd is licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) with licence number 204/13. For investors outside of the European Union, NAGA Capital (SV) Ltd, is the broker you will be trading with. They are registered at: Trust House, 112 Bonadie Street, Kingstown, St. Vincent and the Grenadines.
Compare The Best Brokers
You have a few companies you can compare with when it comes to social trading, and check out the most popular forex brokers here.
If you are already investing with Naga, we would love to hear about your experience. Please share it in the comments section below.