Question 1

Is NAGA beginner-friendly for new traders?

FXScope Intelligence Lab · Accepted Answer

NAGA appears to be beginner-friendly with several educational resources and user-friendly features. The platform offers NAGA Academy with webinars, eBooks, and an encyclopedia for learning. New traders can benefit from Social Trading features including Copy Trading and Autocopy, allowing them to follow and replicate the trades of experienced traders. The platform also provides negative balance protection, ensuring that losses will never exceed deposited funds. However, as with all leveraged trading products, beginners should be aware of the high risks involved.

Question 2

Is NAGA regulated and is my money safe?

FXScope Intelligence Lab · Accepted Answer

NAGA is operated by NAGA Capital Ltd, which is authorized and regulated by the Financial Services Authority Seychelles (FSA) under licence No. SD026. Additionally, NAGA Group AG is publicly listed on the Frankfurt Stock Exchange (FWB: N4G), providing transparency. The platform also has NAGA Markets Europe Ltd regulated by the Cyprus Securities and Exchange Commission (CySEC) under license No. 204/13. Funds are kept in segregated bank accounts for added security. The company claims an excellent Trustpilot rating and serves over 2 million users globally.

Question 3

What trading platforms does NAGA offer?

FXScope Intelligence Lab · Accepted Answer

NAGA provides multiple trading platforms to suit different preferences: NAGA Web Trader for browser-based trading, dedicated mobile apps for iOS and Android, integration with popular MetaTrader 4/5 platforms, and a Telegram Mini App for trading on the go. The platform features superior charting powered by TradingView with 100+ indicators, pattern recognition, and advanced drawing tools. The integration with Trading Central provides professional analysis tools including resistance and support levels, intraday analysis, and economic calendars.

Question 4

What trading costs and spreads does NAGA charge?

FXScope Intelligence Lab · Accepted Answer

NAGA charges spreads on trades, though specific rates are not detailed in the publicly available information. The platform offers CFD trading on over 4000 assets including stocks, Forex, indices, commodities, ETFs, bonds, and cryptocurrencies. Trading hours and specific fee schedules are mentioned but not detailed in the provided sources. Traders should refer to NAGA's official pricing documentation for current spread rates and commission structures.

Question 5

What products can I trade on NAGA?

FXScope Intelligence Lab · Accepted Answer

NAGA offers access to over 4000 trading instruments including CFDs on major asset classes: Forex currency pairs, stocks and shares, major stock indices, ETFs, cryptocurrencies, commodities, futures, and bonds. The platform also supports real stocks trading. Notable upcoming features include CryptoX and expanded cryptocurrency offerings. All trading is done through contracts for difference (CFDs), allowing traders to benefit from price movements without owning the underlying assets.

Question 6

What social trading features does NAGA provide?

FXScope Intelligence Lab · Accepted Answer

NAGA emphasizes social trading as a core feature of its platform. Key social features include Social Trading, Copy Trading where users can follow and replicate successful traders, Autocopy for one-click trading following, and a Leaderboard showcasing top traders. Users can connect, copy, and collaborate alongside a community of traders through NAGA's Social Hub. The platform promotes ideations, open discussion, and collaboration as key investment tools, with social features integrated throughout the trading experience.

NAGA

Key highlights

NAGA SEO overview

Regulatory coverage

Safety summary

Profile freshness

Similar Brokers You Might Like

HFM

Octa

LegacyFX

FXOpen