Naga Review 2022: Is Naga a Good Brand?
NAGA is a reliable broker with a great range of trading instruments and a very competitive social trading environment.
NAGA is a leading social investing platform with a global community of more than 1 million users that seeks to revolutionize the world by decentralizing financial technology, offering access to the best market tools for everyone around the world.
NAGA provides the best technology, resources, and assistance that every trader needs to make trading decisions. The platform is best known for its Autocopy feature that allows users to copy other traders, which matches their risk score and thus creates a unique social trading environment with numerous benefits.
There are more than 1000 trading assets, a web trader, the NAGA mobile application for IOS and the NAGA mobile application for Android as well as professional support from the Company’s representatives.
Regulation
NAGA Company is a part of the international group with the same name, the headquarters of which is located in Hamburg, Germany.
The NAGA Group AG is the holding company of various companies, such as NAGA GLOBAL LLC, NAGA MARKETS EUROPE LTD, NAGA Technology GmbH, NAGA Pay GmbH and has a close link with NAGAX Europe OÜ
NAGA Markets Europe Ltd is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license no. 204/13. The registered address of NAGA Markets Europe LTD is 7, Ariadnis Street, Mouttagiaka, 4531, Limassol, Cyprus.
NAGA Global (SV) LLC, with a registered address at First Floor, First St. Bank Ltd Building, James Street, Kingstown, VC0100, Saint Vincent & the Grenadines.
Trading instruments
NAGA strives to provide its clients with the widest possible variety of trading instruments. Therefore, all users who have opened an account with NAGA can trade CFDs in a variety of asset categories and to invest in Real Stocks.
There are dozens of assets in each category, and the total number of trading instruments exceeds 1,000. This means that every user can choose an asset to trade and invest with NAGA according to his or her own trading experience, preferred strategies, and wishes.
One of the broker’s features is access to the most liquid and popular instruments like Tesla shares, Facebook, and Amazon, as well as commodities, stock indices, and others.
Trading terminals
Trades with selected NAGA assets can be made through the popular MetaTrader 4 and MetaTrader5 terminals. The software is available in desktop and web format, as well as in mobile application format for iOS and Android.
As you know, MT4 and MT5 are built to enable seamless CFD trading and investing in stocks. Offering high flexibility and real-time access to market prices, they allow you to trade multiple orders simultaneously. Using MetaTrader can be beneficial whether you are a beginner or an expert at trading.
The trading terminals can be downloaded free of charge from the company’s website.
Trading conditions (Deposit and Withdrawal)
NAGA provides favorable trading conditions for users. In particular, traders can start investing, trading, and using the social trading platform starting with a minimum first time deposit of $250.
Account deposits can be made by a variety of methods, including debit and credit cards (Visa, MasterCard) and other alternative payment providers, as well as electronic wallets. In total, there are about 20 payment methods to choose from.
Withdrawal of funds is carried out within 24 hours to the specified details in the personal cabinet. For a successful withdrawal, just make sure that the user account is verified and the bank card is registered in the country where NAGA provides services.
✅ Deposit fee is $0/€.
✅ Withdrawal fee is $0-5/€ based on your VIP level (min. $50 or equivalent in other currency).
You can also count on reduced spreads from 0 pips on more than 1,000 trading assets.
Training
NAGA provides customers with access to numerous training materials and sections:
- Glossary;
- Economic Calendar;
- Earning Calendar;
- Webinars;
- Useful blog articles;
- Training modules in NAGA Learn.
All training materials are provided to users free of charge. This simplifies fundamental and technical analysis and allows you to improve your trading and investment experience faster and at no cost.
All training sections are available on NAGA’s main website.
Autocopy
Many beginner traders do not have enough time and skills for constant analysis of financial markets. Trading without forecasting carries more risks, so a tool called Copy Trading (Autocopy or Social Trading) from NAGA is becoming more and more popular among traders. This trading feature brings together experienced and novice traders — experienced traders create signals and beginner traders receive these signals.
Copy trading, also known as social trading, is in essence a community that brings together new and seasoned investors. It allows experienced traders to put forth their trading strategies for others in the community to follow and copy for a fee.
New traders and investors can easily get into the markets with a much shorter learning curve by simply copying the strategies and trades of more successful traders as they observe and learn – the whole time having complete control over their account.
You can copy trade across all financial markets, for example in CFDs of the below asset classes: Forex, Commodities, Cryptocurrencies, Indices, Stocks, and others.
While having a wide range of trading products allows you to profit directly from movements in single markets, it also presents a potentially valuable opportunity for diversification.
Whatever market is being traded, it’s important to remember that you remain in full control over your account and that you can place your own manual trades alongside any trades generated by the lead trader. Also, in order to minimize potential losses, you need to have a solid and enhanced risk management plan in place.
Summary
Ever since going live in 2015, NAGA has been attracting a wide range of attention, starting from retail investors, and ending with large fintech investment holdings. The company has been moving towards becoming one of the key market players, receiving numerous awards and participating in a variety of projects.
Today, the company is continuing to grow and develop in order to enhance the trading experience of its existing users, as well as to attract new ones.
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