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NAGA review

Rated 4.2 / 5 · Best for EU + MENA copy-traders wanting an integrated all-in-one app with FX, CFDs, real stocks, and banking features.

Regulators
CySEC, FSCA, FCA (in setup)
Min. deposit
$250
Spread from
0.7 pips (Standard)
Max. leverage
Up to 1:30 (EU retail) / 1:500 (offshore)
Platforms
MT4, MT5, NAGA Trader, NAGA Mobile
Founded
2015 · Hamburg, Germany / Limassol, Cyprus

Pros

  • Listed on Frankfurt Stock Exchange (NGA) — audited financials
  • CySEC + FSCA regulation
  • Award-winning social/copy-trading network (NAGA Trader)
  • All-in-one app: FX, CFDs, real stocks, ETFs, crypto
  • NAGA Pay — integrated payment + IBAN account
  • 1,000+ instruments across all major asset classes

Cons

  • Spreads on Standard account (0.7+ pips) wider than ECN brokers
  • $250 minimum deposit higher than budget brokers
  • Smaller scale than eToro for social trading

NAGA review summary

NAGA is a German-headquartered fintech founded in 2015, publicly listed on the Frankfurt Stock Exchange under ticker NGA. Regulated by CySEC (EU) and FSCA (South Africa), with FCA UK authorization in setup.

NAGA positions itself as “the all-in-one trading app for the next generation” — combining CFD trading, real stock investing, crypto, copy-trading via NAGA Trader, and NAGA Pay (an integrated IBAN account with debit card). The integration is genuinely seamless: deposit via NAGA Pay, copy a Popular Investor’s trades, and withdraw to your NAGA debit card, all from one mobile app.

The copy-trading network is smaller than eToro’s but growing. NAGA Trader leverages the same TradeTech infrastructure as Markets.com for execution.

Where to trade

NAGA is a strong all-in-one option for EU + MENA millennial/Gen-Z retail traders wanting integrated banking + investing + trading. Pure FX scalpers should compare cost-per-trade with IC Markets and Pepperstone.

NAGA — Frequently Asked Questions

Is NAGA regulated and safe?

NAGA is regulated by CySEC, FSCA, FCA (in setup). Client funds are held in segregated accounts at tier-1 banks and the broker operates under active financial-services licenses. Verify each license number on the regulator's official website before opening an account.

What is the minimum deposit at NAGA?

The minimum deposit at NAGA is $250. Most account types accept this minimum; premium tiers may require higher deposits — see the account-types table above.

What are the typical spreads at NAGA?

Spreads at NAGA start from 0.7 pips (Standard). Actual spreads vary by account type, instrument, time of day, and market volatility. Raw/ECN accounts add a per-lot commission on top of the tighter spread.

What trading platforms does NAGA offer?

NAGA supports: MT4, MT5, NAGA Trader, NAGA Mobile. MT4 / MT5 are the industry standards; cTrader is preferred for ECN execution; proprietary platforms offer broker-specific tools but less third-party compatibility.

What is the maximum leverage at NAGA?

Maximum leverage at NAGA: Up to 1:30 (EU retail) / 1:500 (offshore). EU retail clients are capped at 1:30 by ESMA rules regardless of broker policy. Professional clients and offshore-entity clients can access higher leverage subject to qualification.

Who is NAGA best suited for?

EU + MENA copy-traders wanting an integrated all-in-one app with FX, CFDs, real stocks, and banking features.