NAGA Review 2026
Established in 2015
•
Cyprus
• CySEC Regulated
NAGA offers forex and CFD trading services with a 3.9/5 rating. Regulated by CySEC, this broker offers spreads from 1.2 pips on EUR/USD with a minimum deposit of $50. Trade 1000+ instruments including forex, CFDs, and more.
📊 NAGA Overview
NAGA (NAGA Markets Europe Ltd) is a well-established broker founded in 2015 headquartered in Limassol, Cyprus. The broker operates under the supervision of CySEC , a reputable regulatory authority.
With access to 1000+ tradable instruments including 55 forex pairs , 20 cryptocurrencies , 850 stocks , and various indices, NAGA caters to diverse trading strategies.
| Legal Name | NAGA Markets Europe Ltd |
|---|---|
| Founded | 2015 |
| Headquarters |
Limassol, Cyprus
|
| Primary Regulation | CySEC (Tier 2 - Strong Protection) |
| Publicly Traded | Yes (N4G.DE) |
| Instruments | 1000+ assets |
| Min Deposit | $50 |
| Max Leverage | 1:30 |
📖 NAGA — In-Depth Introduction
With roots dating back to 2015, NAGA has 11 years of experience in the brokerage industry. NAGA operates under CySEC regulation, which provides a solid framework for investor protection. While not quite at the tier-1 level, this regulatory status ensures the broker maintains proper business practices and fund security measures. With a $50 minimum deposit requirement, NAGA removes barriers to entry for new traders.
Company Background
NAGA (legally NAGA Markets Europe Ltd) has been operating in the financial services industry for 11 years. Headquartered in Limassol, Cyprus, the broker has established a solid track record through various market conditions.
As a publicly traded company (N4G.DE), NAGA is subject to enhanced financial disclosure requirements, providing an additional layer of transparency.
The broker provides access to 1000+ tradable instruments.
💸 NAGA Fees — Complete Cost Analysis
With 1.2 pip spreads on EUR/USD, NAGA offers middle-of-the-road pricing. Traders prioritizing other factors over rock-bottom costs will find these acceptable. NAGA operates on a spread-only model with no commission charges on standard accounts. This simplifies cost calculation—what you see in the spread is what you pay. To put this in perspective: trading 10 lots per month on EUR/USD at NAGA's 1.2 pip spread would cost approximately $120 in spread fees alone. Compare this to an industry-average broker at 1.0 pips, where the same volume would cost $100.
Trading Costs Breakdown
💡 Cost Calculator: NAGA
Non-Trading Fees
| Fee Type | NAGA | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is NAGA Safe? — Complete Security Analysis
The 68/100 Trust Score reflects NAGA's middle-ground approach to safety. Not the safest option available, but not the riskiest either. Funds deposited with NAGA are kept separate from company funds in segregated accounts. Standard regulatory protections apply.
Regulatory Framework
NAGA holds a CySEC license.
Security Features Checklist
Understanding the Trust Score
Our 68/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use NAGA?
✅ Best For
- Beginners will appreciate NAGA's low $50 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Muslim traders can benefit from NAGA's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
- NAGA's copy trading functionality makes it ideal for passive investors who want market exposure without active management. Follow successful traders and replicate their strategies automatically.
❌ May Not Suit
- Traders prioritizing maximum safety may prefer tier-1 regulated alternatives with stronger investor protection schemes.
Looking for alternatives?
📝 The Bottom Line on NAGA
NAGA is a decent option worth considering with a 3.9/5 rating.
📈 NAGA Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how NAGA performed in our rigorous testing:
NAGA is a decent choice but has areas that could be improved.
💰 NAGA Fees & Spreads
Understanding trading costs is crucial for profitability. NAGA uses a Variable spread model with no commission on standard accounts. The average EUR/USD spread is 1.2 pips .
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.7 | 1.2 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with NAGA:
- Spread Cost: 1.2 pips × $10/pip = $12.0
- Commission: $0
- Total Cost: $12.0 per lot
🛡️ NAGA Regulation & Safety
NAGA is regulated by CySEC, a Tier 2 - Strong Protection regulatory authority. This provides a solid level of investor protection, including fund segregation and dispute resolution mechanisms.
📜 Regulatory Licenses
- CySEC 204/13
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- ✓ Publicly Traded (N4G.DE)
🎯 Trust Score: 68/100
Moderate Trust: NAGA meets industry standards for safety and regulation.
🖥️ NAGA Trading Platforms
NAGA offers 4 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
NAGA Trader
NAGA's custom-built trading platform designed specifically for their clients.
- ✓ Custom Features
- ✓ Integrated Tools
- ✓ Web-Based
- ✓ Mobile App
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader | NAGA Trader |
|---|---|---|---|---|
| Available | ✓ | ✓ | ✗ | ✓ |
| Copy Trading | ✓ | ✓ | ✓ | ✓ |
| Algo Trading | ✓ | ✓ | ✗ | ✗ |
| VPS Available | Not offered | |||
| API Access | Not available | |||
🌐 NAGA Tradable Instruments
NAGA offers access to 1000+ tradable instruments across multiple asset classes. This includes 55 forex pairs , 20 cryptocurrencies , and 850 global stocks.
👤 NAGA Account Types
NAGA offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Replicate successful traders
💳 NAGA Deposits & Withdrawals
NAGA requires a minimum deposit of $50 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ NAGA Pros & Cons
✅ Pros
- Regulated by CySEC with investor protection
- Offers both MetaTrader 4 and MetaTrader 5 platforms
- Free demo account available for practice
- Low minimum deposit of just $50 makes it accessible
- Negative balance protection for retail traders
- Copy trading available for passive investing
- Swap-free Islamic accounts available
❌ Cons
- Limited educational resources for advanced traders
📚 NAGA Education & Research
NAGA's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 NAGA Customer Support
NAGA offers customer support to assist traders with their queries.
⭐ NAGA User Reviews
📝 User reviews will be displayed here. Share your experience with NAGA!
Write a Review🏆 NAGA — Our Verdict
NAGA is a decent broker with some limitations. With CySEC regulation, 1.2 pips EUR/USD spreads, and a $50 minimum deposit, this broker is particularly accessible for beginners .
Best for: Beginners with limited capital , Passive investors
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ NAGA — Frequently Asked Questions
Is NAGA a safe and regulated broker?
Yes, NAGA is regulated by CySEC, which is a Tier 2 - Strong Protection regulatory authority. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at NAGA?
The minimum deposit at NAGA is $50. This is considered low and accessible for beginners.
What trading platforms does NAGA offer?
NAGA offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- NAGA Trader — Custom-built trading solution
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are NAGA's spreads on EUR/USD?
NAGA offers EUR/USD spreads from 0.7 pips with an average of 1.2 pips. The broker uses Variable spreads.
How long do withdrawals take at NAGA?
Withdrawal processing times at NAGA depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does NAGA offer a demo account?
Yes, NAGA offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is NAGA's maximum leverage?
NAGA offers maximum leverage of 1:30. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:30 may be available
Higher leverage increases both potential profits and potential losses.
Can I use NAGA in ?
NAGA accepts traders from . The broker operates under CySEC regulation. Always verify current availability and applicable regulations on the broker's website.
Does NAGA offer Islamic (swap-free) accounts?
Yes, NAGA offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact NAGA's support to request an Islamic account.
What instruments can I trade with NAGA?
NAGA offers access to 1000+ tradable instruments:
- 55 Forex currency pairs
- 20 Cryptocurrencies
- 850 Stock CFDs
- 18 Index CFDs
- 10 Commodities
