Overall, NAGA’s trust scores and reviews indicate a generally positive user experience, with particular appreciation for its social trading capabilities and diverse instrument offerings. The NAGA Web App lets you have all of the features of NAGA, from setting up price alerts to auto-copying, right from your browser. Those are questions left to be answered by NAGA and the majority of copy trading platforms. Being a broker that wants fxpcm to cater to real stock traders and copy traders we definitely believe that their stock offering should be higher. On the other hand they charge commissions in-and-out of each trade and their currency spreads are higher than the majority of brokers in the same category. The broker allows traders to trade forex, stock CFDs, indices, commodities, futures, ETFs, and cryptocurrencies over a wide range of tradable assets.
- I have blown maybe like 10 accs on gold, but finally I was able to tame this beast😆 So those who are struggling with it, DONT give up!
- The portfolio section (available by touching the bottom menu option) will give you a nice view of your active, pending and closed trades.
- We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.”
- Additionally, NAGA offers negative balance protection, ensuring that losses will never exceed the funds in your account.
TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. Remember, NAGA adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, so verification is crucial for maintaining account security and complying with regulatory requirements. In simple words, it’s a map that shows how much people are talking about something with some indicators of the positive or negative impact to be potentially experienced by an asset.
Moreover, this allows experienced and inexperienced traders to interact and learn from professional tactics. Despite challenges like high minimum deposits for premium accounts (up to $100,000), NAGA’s regulatory compliance, multilingual customer support, and educational resources make it a valuable option for traders. There are a lot of reasons to choose NAGA, if you’re looking for an innovative broker with an emphasis on social networking.
NAGA operates under the watchful eye of the Cyprus Securities and Exchange Commission (CySEC) and adheres to the Markets in Financial Instruments Directive (MiFID). With over 1.5 million users and a stellar Trustpilot rating, NAGA has earned its stripes in the trading community. Right after, you’ll get access to other interesting stastistics such as the Profits and losses of the trader’s trades and the best return of investment on each trade.
Withdrawal Methods:
Our resources, including webinars, daily news, and top-tier educators, are among the best in the industry. Traders can safeguard their positions with Stop Loss and Take Profit orders. Additionally, NAGA offers negative balance protection, ensuring that losses will never exceed the funds in your account.
According to statutory provisions, we are furthermore responsible for our own content on these web pages. In this context, please note that we are accordingly not obliged to monitor merely the transmitted or saved information of third parties, or investigate circumstances pointing to illegal activity. Our obligations to remove or block the use of information under generally applicable laws remain unaffected by this as per 8 to 10 of the Telemedia Act (TMG).
The platform’s user-friendly design and integration with NAGA’s services provide a smooth trading experience. Its emphasis on instructional tools appeals to both new and experienced traders. NAGA’s commitment to transparency ensures clients are aware of expenses and risks. This fee-free framework, in turn, fosters a platform focused on community, cooperation, and knowledge exchange.
Commissions & Fees
Overall, NAGA’s web platform is definitely packed with a lot of features catering to different types of traders. Yes, they are regarded as a secure broker, licensed by respected financial regulators such as CySEC and BaFin, and offering extra safeguards like segregated customer accounts and ICF membership. NAGA’s Autocopy tool automatically allows you to repeat the platform’s top-performing traders’ trades. This can be an effective technique for learning from expert traders or making passive revenue.
NAGA, with a Trustpilot rating of 4.5/5 and over 1.5 million users, is a trusted and transparent broker. Their offering seems as if it was crafted for an audience that expects simplicity yet their product is quite complicated and filled with excessive choices to make at every turn. When analysing a few of his trades, we see profits and losses ranging from $1 to $50 on average (at least from what we’re available to see) excluding the top stats. The issue with this is that even the top traders seem to be only small traders getting copied by a lot of people.
Copy Trading & Investment Options Offered by NAGA
- Our obligations to remove or block the use of information under generally applicable laws remain unaffected by this as per 8 to 10 of the Telemedia Act (TMG).
- The NAGA website doesn’t say anything about an iPhone app, though the Android app has a 3.9– star rating on Google.
- Past results are no guarantee of future success, so make your financial and investment decisions with utmost care.
- The minimum deposit to start an account is $250, which grants access to a wide range of trading products and platforms.
- The broker provides six separate retail investor accounts, each with unique features designed to suit different degrees of trading experience.
It is useful for forex traders who want to learn the subtleties of different currency pairings. ➡️Glossary – The glossary is useful for new and experienced traders to become acquainted with trading terms. Yes, traders in Europe suffer leverage limits under ESMA rules, with maximum leverage restricted at lower levels than Global customers. Yes, the broker levies a commission fee of 0.1% on equities and ETF trades, with details changing by account type.
How competitive are the spreads on major forex pairs?
NAGA’s mobile platform is quite an interesting tool packed with many features, let’s go over a few oanda review of its areas in more detail. We definitely look forward to NAGA acquiring new financial licenses from our top-tier regulators list. Withdrawals are normally processed instantly or within five business days, depending on the method and account type.
Top Features
If traders suspect unlawful access to their accounts, they should immediately contact customer assistance to take the appropriate precautions. Traders can access the trading dictionary directly from the website or trading platform, which includes descriptions of major trading words and concepts. ➡️Webinars – The Webinars are interactive meetings where traders may learn from and chat with experienced traders and market analysts. ➡️Currencies Encyclopedia – In addition, this site offers thorough information on several currencies globally.
Right after you’ll be able to see more statistics such as the most frequently traded assets and the average profit per trade. What any professional trader knows as limit orders is called “Long or Short at specific rate” which can be accessed by touching any of the tabs that read the same text in the middle of your screen. Best place to daily trade stocks, even if they don’t teach you much about them. Gold has always been my favourite, since the times I just strated trading.
Yes, the broker is a member of the Investor Compensation Fund (ICF), which may compensate eligible clients if NAGA fails to meet its financial responsibilities. The currency conversion fees are charged for transactions involving currencies other than the account’s base currency, covering the cost of currency conversion using current rates. ✅Your funds should be sent to your e-wallet account within the timeframe specified by the payment provider. ✅Submit your withdrawal request and wait for the broker to process it, which can take several business days. Complete the registration form with your personal information, such as your full name, email address, and phone number, and then establish a strong password for your account. Additionally, the broker is publicly traded on the Frankfurt Stock Exchange, demonstrating its commitment to innovation and expansion.
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While all the above stats are “interesting” we don’t find them that useful as they fail to disclose completely the real performance of a trader. When clicking on an asset, you’ll land on the internal view that offers you access to the trading charts, the feed (where discussions take place) and the asset placement window. Having TradingView charts is definitely a nice Kraken Review touch as they are the industry standard of the highest quality.