Naga Review

naga-review

Naga is a versatile trading platform with many options for trading and a built-in social trading system. Regulated by CySec you will find a secure and reliable platform with many additional features and instruments compared to other trading platforms.

You can even trade CS:GO items on the platform in addition to the other financial instruments. You can use social trading to make even more profit by copying the trades of other users.

NOTE: Naga also has a KYC form that you need to complete in order to start trading without any limits.

Pros / Cons
  • Wide range of markets
  • Lot of options for deposit and withdraw
  • Social trading
  • CYBO auto invest
  • Lack of advanced order types
  • Lack of UI customization
  • KYC

Naga Features Review

MarketsCrypto, Forex, Gaming, Equities, Commodities, Stock Indices
Supported countriesWorldwide with the exception of USA, Canada, Belgium, China, Japan, Iran, Israel, North Korea, Sudan, Yemen, and Syria
Leverage1x-50x
DepositsBank transfers, Credit and Debit cards, Neteller, Skrill, and multiple cryptocurrencies
Min. Deposit$1
Max. Withdrawal LimitNone
Trading feeVariable for every asset
Supportticket-based support
Mobile appNone

Naga Security Review

Naga relies on good security because it relies on CySec monitoring while applying the industry’s basic standard two-factor authentication security features, they have also added a facial recognition verification, which is an automated process. The platform keeps its crypto on Hot and Cold wallets, as this is a mandatory feature for every self-respected crypto exchange.

With the help of white hackers testing the platform, they also run internal tests, as Naga devotes many resources to its security infrastructure.

Naga Deposits and withdraws Review

Naga is one of the platforms with the most options for deposits and withdrawals, and since it is regulated, it is open for credit, debit cards, Trustly, Naga card, Neteller, Skrill, Giropay and multiple cryptocurrencies like:

  • BTC
  • ETH
  • DASH
  • LTC
  • BCH
  • NGC
  • BNB
  • And more.

For withdrawals, you have the possibility to do this via bank account, eWallet, and crypto.

The maximum amount you can deposit is $10,000 and you have no limit on how much you can withdraw if you have verified your identity a.k.a pass the KYC procedure.

Naga User Interface Review

Naga markets page

The interface of the platform is to a certain extent standardized and limited because you cannot adapt it to your preferenceс. If you are looking for a customizable platform, this is unfortunately not the one you should be looking at. However, you do have many markets to trade on – Crypto, Gaming, Forex, CFD, ETFs, Equities, Futures, Commodity Futures.

Naga simple UI

When you select an instrument you wish to trade, you will be directed to a special page where you can buy and sell either with limit or market price. Pretty simple options, considering how many other options the platform offers. For order protection, you have the obligatory Stop Loss and Take Profit.

It is more a platform for the investment and management of a long-term portfolio than a day trading platform as it was created in 2013 when the focus was most likely on stock trading and investments.

advanced UI top

Advanced UI bottom

The platform also has its own crypto exchange, where you will find a familiar place if you come with crypto background. Naga crypto exchange is quite simple, but it serves its purpose if you want to convert fiat to BTC or the other available cryptos. 

deposit page

Naga includes its own crypto wallet on site for you to store: 

  • BTC
  • BCH
  • BNB
  • DASH
  • ETH
  • LTC
  • XRP
  • NGC

transfer options

By adding a messenger to the platform you get another level of interaction and having a social aspect on a platform can be very interesting when discussing trading ideas.

Messenger page

Trading fees breakdown

With so many markets for trading, it will be difficult to go through all the instruments on the platform. For most of the trading instruments low fees are charged, providing a suitable environment for trading.

Forex:

AUDCAD:
Margin requirement: 5%
Commission: 0%
Swap Long: -2.45
Swap Short: -5.15

EURGBP:
Margin requirement: 3.33%
Commission: 0%
Swap Long: -5.08
Swap Short: -0.96

Crypto:

BTCUSD:
Margin requirement: 100%
Commission: 0%
Swap Long: -25%
Swap Short: -20%

ETHEUR:
Margin requirement: 100%
Commission: 0%
Swap Long: -25%
Swap Short: -20%

Indices:

ES35:
Margin requirement: 10%
Commission: 0%
Swap Long: -5.47
Swap Short: -7.54

Stocks CFDs

ATVI.OQ:
Margin requirement: 20%
Commission: 0.10%
Swap Long: -1.04
Swap Short: -0.08

AAPL.OQ:
Margin requirement: 20%
Commission: 0.10%
Swap Long: -2.93
Swap Short: -0.23

Naga Options and Order types Review

With the inclusion of so many markets and options, Naga is considered a leader in diversity. On the platform, you can trade Forex, Crypto, Indices, Stock CFDs, Commodities, Futures, ETFs, Gaming items, and Interest Rate CDFs. Truly a lot of options, that will satisfy even for the most demanding traders.

You also have an auto-copy where you can select traders and follow their trades, you also have a CYBO trader where an algo will do the selection for you. The only minus here is the high limit of $1000 to set it up.

Naga has the standard market and limit orders with stop loss and take profit. There are not too many options in this area, but they are the most commonly used. The platform is quite limited to order types as you won’t find advanced order types like OCO or Iceberg.

Affiliate program

You have 3 options for your program – Online Affiliate, Introducing Broker and Refer a partner. Many choices, but the overall chance for you to make a good income on the platform is lower than with the competition.

Online affiliate: For every qualified trader you get 1200$ CPA

Introducing a broker: You will be paid for every active client referred

Refer a partner: Up to 20% from the commissions

Is Naga a scam?

The regulation by CySec assures that this is clearly not a fraud. With all the available options for deposits and withdrawals, markets and social trading, Naga is a legitimate trading platform that makes investing and trading easier thanks to its innovative instruments.

Naga Review Conclusion

Getting started in Naga can be overwhelming at first with all the options available, but once you get used to it, you can have a lot of fun with the auto-advisor on the platform, and copy-trading. If you are looking for a really diversified platform that covers all possible markets including the gaming market for items, this is the platform to consider trading on.

If you are more of a person who simply wants to copy and use the automatic tools available on the platform, then Naga is the place for you. Remember that the platform has high limits and a KYC process. If you can’t decide if you want to trade on Naga, you should try the demo account before taking the final decision.

Do you want to build a strong, highly diversified portfolio? Consider coming to this platform and use its instruments to achieve huge success in the markets.

 

Naga is a trading platform with a wide range of instruments and markets, adding even CS:GO items in the mix besides social trading.