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About NAGA

NAGA is a platform that allows traders of all levels to trade, like, share, and duplicate investments across more than 950 trading products, including Forex, stocks, and CFDS. Tight spreads, minimal costs, quick trade execution speeds, and a number of customizable account funding methods distinguish NAGA’s trading conditions.

With NAGA there are options to trade on any desktop or mobile device. Plus when you sign up with NAGA there are a bunch of educational tools that you can use to make yourself a better trader. There are trading tools that will help you with each trade and you can even copy some of the best trades on NAGA yourself without having to do anything.

Key Information

NAGA was created in 2015 by the creators Yasin Qureshi and Benjamin Bilski. The purpose of the company is to make investing and trading simple for everybody. It has more than 750 financial instruments giving you the option to trade Commodities, ETFs, Forex, Stocks & a lot more. 

The company is under the umbrella of NAGA Group AG, you can buy shares of the company from the Frankfurt stock exchange. Even though NAGA is a Berlin-based company you can find offices in different countries like Cyprus and St Vincent. NAGA is also regulated by CySEC & the FCA so you know that this broker is authentic.

NAGA is not a global broker and they offer seven different ways to trade which include Forex trading, Cryptocurrency trading, Indices Trading, Stocks Trading, Commodities Trading, ETFs Trading, CFD Trading. 

There is an option to sign up for a demo account to get used to NAGA’s different features or just to learn how to become a better trader. When you make a deposit you have to make sure that it’s a minimum amount of $250.

One of the reasons why NAGA is such a popular broker and is a lot of people’s favorites is because it doesn’t matter if you’re an experienced trader or just a complete beginner. When you trade on NAGA it is made for anybody and it doesn’t matter how experienced you are.

How Does It Work?

Before we get into how NAGA works let me just tell you that this broker is regulated by CySEC & much more to ensure that your money is in safe hands. If you make some sort of withdrawal request it is guaranteed to go into your bank account. NAGA has to follow the rules set by the different commissions that supervise it or they will lose their regulation.

Once you deposit funds into NAGA your money is held into a segregated bank account. 

They use tier-1 banks for added security and to make it even more secure for your funds. If you’re not sure on what a Tier 1 bank is, then it’s essentially the highest strength level bank that you could possibly get.

All of these factors help reinforce NAGA as a reliable and safe broker which will help you on your road to success. NAGA gives you the best tools that you need to help make a profit from your initial investment. We take our time to look into the best brokers and all of their features to give you the best quality exchanges you can find. 

When you decide to withdraw from NAGA the minimum withdrawal amount is $50 and there are standard withdrawal fees set at $5. However, depending on the amount you decide to withdraw the fees can be higher. 

The only fees that NAGA take are the withdrawal fees and the fees from the copy trade feature when you copy other traders.

One of the brilliant features on NAGA is the copy trading feature, you can find the best traders on all of the exchanges and copy each & every single one of their trades. Again, you must invest into this with your own risk and it isn’t guaranteed results. However, if you are looking to keep some time free and still have the opportunity to make a profit from your investment then this is the best option.

Deposit and Trading Fees

The trading fees on a trading platform is what a lot of users look at as they always want to get the maximum amount of profits possible. Trading fees on other exchanges can vary from 3% to 5% and that is not giving you the best opportunity to get the most out of your investment.

On NAGA the trading fees are only 0.15% for makers and only 0.25% for takers. This makes it one of the best platforms to trade from as it makes sure you keep the majority of your profits.

There are no fees taken out when you deposit which gives you every single penny of your initial deposit. The only fees taken are the trading fees and that allows NAGA to keep running this amazing platform for us all.

Withdrawal And Transfer Limits

Depending on what level of trader you are then you’ll have a different withdrawal fee amount. If you’re a regular trader on NAGA then you will get a lower withdrawal fee. The standard withdrawal fee is 5 EUR/USD/GBP or the equivalent of the currency you’re withdrawing. 

Please find below the different levels of withdrawals:

• Crystal: FREE
• Diamond: 1 EUR/USD/GBP or equivalent
• Gold: 2 EUR/USD/GBP or equivalent
• Silver: 3 EUR/USD/GBP or equivalent
• Bronze: 4 EUR/USD/GBP or equivalent
• Iron: 5 EUR/USD/GBP or equivalent

There is also a minimum withdrawal amount when you want to withdraw so keep in mind that you can only withdraw a minimum amount of $50.

Customer Support

There is a great variety of customer support features upon the NAGA exchange. You can submit a request to their customer support team regarding any issue that you have and they should get back to you rather quickly because of their 24/7 customer support.

Before submitting a request you might be looking for a quick fix to your problem so check out the Frequently Asked Questions section to find the answer yourself.