NAGA is a well-established broker since 2015. NAGA has headquarters in Brazil, Cyprus and Germany. They are generally well-suited for NAGA to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by CySEC 204/13 and FSA (Seychelles) 13.10.200.
Apart from the forex demo account, this broker offers Premium. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by NAGA is up to 1:500. Meanwhile, you can open an account with a starting capital of $250.
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
Besides lots of currency pair, NAGA also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Futures, Indexes, Metals, Energies, ETF and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Premium account, NAGA specifically provides it with the following instruments and leverage:
Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
NAGA also provides payment with paysafecard, iDEAL, giropay, Trustly, SOFORT, Przelewy24, Litecoin, Ethereum, Dash, Credit/debit cards and Bitcoin Cash
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, NAGA offers you MetaTrader 4 and MetaTrader 5.
Do you have any question or find any trouble related to NAGA? If you do, you should reach NAGA's support to get the information that you need. Here is the detail of the broker's customer support:
FAQ About NAGA
Is NAGA a good broker?
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if NAGA is a good broker for you or not by reviewing the criteria. In general, NAGA provides trading service in Forex , Gold & silver , Oil , Futures , Indexes , Metals , Energies , ETF and Cryptocurrencies . As for the payment methods, you can choose between Bitcoin, Bitcoin Cash, Credit/debit cards, Dash, Ethereum, giropay, iDEAL, Litecoin, Neteller, paysafecard, Przelewy24, Skrill, SOFORT, Trustly and Wire transfer. The customer support is available via Email, Live chat and Phone.
What is the minimum deposit for NAGA?
The starting capital in NAGA is $250.
Is NAGA regulated?
NAGA is regulated by CySEC 204/13 and FSA (Seychelles) 13.10.200. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Is NAGA legit?
NAGA is a brokerage company offering trading services for clients since 2015 with offices in Brazil, Cyprus and Germany.