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FXMARE editorial rating, not user reviews.
NAGA is a CySEC-regulated, Frankfurt-listed German fintech broker best known for its social copy-trading platform, broad asset range, and tiered VIP account structure.
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
NAGA is a CySEC-regulated, Frankfurt-listed German fintech broker best known for its social copy-trading platform, broad asset range, and tiered VIP account structure.
NAGA is regulated by CySEC (Cyprus), FSA (Seychelles), ADGM/FSRA (Abu Dhabi, UAE). Independently verifiable licences include CySEC — Naga Markets Europe Ltd, Licence 204/13; FSA Seychelles — NAGA Capital Ltd, listed in Capital Markets register. Regulatory coverage is solid, though some entities operate under lighter offshore licences — check which one you are onboarded to.
EUR/USD spreads are around 1.7 pips, with $0 (forex is spread-only; stock CFDs charged separately at €0.99/trade) commission. The minimum deposit is $50 (EU/CySEC entity); $250 (global/Seychelles entity) and maximum retail leverage is 1:30 (EU/CySEC retail); 1:500 (Seychelles offshore). Swap-free (Islamic) trading is offered conditionally — Islamic/swap-free account available on request; positions held beyond 10 days incur an admin fee of 10 units of base currency per day; gold, silver, and oil instruments excluded from swap-free status.
Platforms include MT4, MT5, NAGA Web Trader, NAGA Mobile App. NAGA provides 1,000+ CFDs (forex, stocks, indices, commodities, ETFs, crypto); some sources cite up to 4,000+ across all asset classes across Forex, Stocks, Indices, Commodities, ETFs, Crypto, funded via Credit/Debit Cards (Visa, Mastercard), Bank Wire Transfer, Skrill, Neteller, iDEAL, Giropay.
NAGA stands out as one of the few publicly listed CFD brokers with a genuine social trading ecosystem, making it a credible pick for retail traders who want to copy experienced traders or share their own performance. The CySEC/MiFID II regulation and Frankfurt listing provide meaningful institutional accountability. However, the entry-level spread of ~1.7 pips on EUR/USD and tiered structure — where genuinely competitive spreads only begin at $25,000 deposits — means active forex traders focused on low costs will likely find better value elsewhere. Withdrawal complaints and the recent CAPEX.com merger integration are worth monitoring before committing significant capital.
Headquarters: Hamburg, Germany (parent: The NAGA Group AG); regulated entity: Limassol, Cyprus · Funding: Credit/Debit Cards (Visa, Mastercard), Bank Wire Transfer, Skrill, Neteller, iDEAL, Giropay, Sofort, Trustly
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.
NAGA is authorised by CySEC (Cyprus), FSA (Seychelles), ADGM/FSRA (Abu Dhabi, UAE). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Available on desktop, web and mobile. Tradable across Forex, Stocks, Indices, Commodities, ETFs, Crypto. Track every position you take with NAGA in the FXMARE trading journal.
NAGA stands out as one of the few publicly listed CFD brokers with a genuine social trading ecosystem, making it a credible pick for retail traders who want to copy experienced traders or share their own performance. The CySEC/MiFID II regulation and Frankfurt listing provide meaningful institutional accountability. However, the entry-level spread of ~1.7 pips on EUR/USD and tiered structure — where genuinely competitive spreads only begin at $25,000 deposits — means active forex traders focused on low costs will likely find better value elsewhere. Withdrawal complaints and the recent CAPEX.com merger integration are worth monitoring before committing significant capital.
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FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of NAGA. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.
