Headquartered in Germany, Naga is home to millions of professional traders from many European countries, including the Netherlands, Spain, Italy, and Poland. However, it is restricted to traders in the United States, the United Kingdom, and Canada. The quickest and easiest way to contact customer support is through live chat, which is available 24/6. The final one is a swap-free account, also known as Islamic Account. Considering the peculiarities of Islamic finances, trading conditions are different for Muslim traders. NAGA does make an affiliate option available with a potential partner payout of $180 USD.
We don’t offer financial or investment advisory services, and our website does not suggest or motivate visitors to invest money. Please note that Forex and CFD trading involves high risks, and 75-89% of customers lose their funds. BrokerNear is not a broker and doesn’t receive any money for trading. We provide an objective analysis of brokers and markets to assist users in selecting the best brokerage company. Conversely, when the market takes a downturn, it can be disastrous for your investments.
User Reviews
Naga Markets
makes these interactive webinars globally available and encourages traders to
consider education as their best investment. NAGA Academy, states that it is
committed to providing the applied knowledge, skills and tools needed to help
clients trade and invest with confidence. The company believes its education
offer is unique and of high quality. The minimum amount you can withdraw from your Naga account is $50.
- At that time the platform was a Switex and Naga AG joint venture called Naga Virtual, which posted its last tweet in 2018 before being abandoned.
- NAGA also has an excellent customer support team available 24/5 to help with any questions or concerns.
- I’ve saved so much money on trading costs since I started using the broker.
- If you own an iPhone, having an IOS Apple mobile trading app with Naga or Interactive Brokers is essential.
- When it comes to withdrawal, NAGA processes withdrawal requests within 24 hours.
You will have to provide an ID and proof of residence in a country where Naga is allowed to operate. Otherwise the only limits are the limits set by your payment processor, and you can make as many deposits as you wish. Naga offers a large variety of payment methods, for both more developed and less developed countries.. On average, Naga charges basic account holders around 1.7 of the base currency the CFD is quoted in (USD or EUR). However there are different levels of profiles for different deposit amounts, including Iron (basic), Bronze, Silver, Gold, Diamond, and Crystal.
Is there a minimum deposit required to trade with NAGA?
For instance, the availability and quality of these resources may vary, and traders should carefully evaluate their relevance and accuracy. NAGA is an innovative broker with an emphasis on social networking. NAGA offers traders an extensive copy trading feature, AutoCopy, and additional offers access to MetaTrader4 and MetaTrader5. When it comes to withdrawal, NAGA processes withdrawal requests within 24 hours.
Germany’s NAGA Group Reports Profit for First Few Weeks of 2023 – Finance Magnates
Germany’s NAGA Group Reports Profit for First Few Weeks of 2023.
Posted: Thu, 09 Feb 2023 08:00:00 GMT [source]
If you own an iPhone, having an IOS Apple mobile trading app with Naga or Interactive Brokers is essential. Likewise, if you have an android phone, it’s crucial to verify if Naga or Interactive Brokers broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Naga and Interactive Brokers have trading apps compatible with your device. When you deposit money to a broker like Naga or Interactive Brokers you might need to pay deposit fees. Most preferably, you would have to pay Naga or Interactive Brokers nothing for this. Constant deposits will eat into your profit, so this will take some consideration before you sign up.
Naga Vs Interactive Brokers Commission and Fees
However CFDs are in general complicated instruments, with many trading options such as trading with leverage, buy and sell positions, and stop loss orders. While Naga makes it more intuitive, it is still difficult for the uninitiated to dive in. Their chatbot provides a directory of articles written by their in-house support team with relevant responses to almost any question you can come up with. Spreads are the difference between the market price and the quoted buy or sell price of the CFD. These vary depending on the instrument you buy, and can change day to day. For crypto CFDs these vary as widely as 0.035 pips to 300 pips in extreme cases.
10 Things in Tech: Amazon climate, Robinhood office, and Tesla truck – Business Insider
10 Things in Tech: Amazon climate, Robinhood office, and Tesla truck.
Posted: Mon, 29 May 2023 07:00:00 GMT [source]
Naga AG was founded in 2015 in Germany by Benjamin Bilski, former World Games bronze medalist swimmer. They are now a publicly traded company on the German Stock Exchange with market cap of 289 million Euro at the time of writing. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade. Both Naga and Interactive Brokers do offer clients limit orders. Both Naga and Interactive Brokers do offer clients stop losses.
Extra features
Launched as a
trading brokerage in 2015, Naga Markets is part of the Naga Group, an international Fintech company listed on
the Frankfurt Stock Exchange. It is considered an innovator in the financial
industry having https://traderoom.info/what-is-the-difference-between-information-and/ developed a number of financial trading apps as well as its own
NAGA cryptocurrency coin (NGC). BrokerNear.com provides information on brokers and the markets for users to select the best brokerage company.
- In addition, the trading calculator also considers the spread and swaps so that you can get an accurate picture of your earnings.
- The future looks bright as Naga stock was up in 2021, and the Nagacoin saw some price action for the first time since being crushed in the 2018 crypto crash.
- A demo account with Naga or Interactive Brokers is extremely useful for people without trading experience.
- During the daytime, chat operators respond promptly and try to answer all questions.
- Naga is regulated by the Cyprus financial regulatory authority, CySEC.
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