NAGA at a glance
NAGA is a Germany-based fintech and social trading broker offering multi-asset trading (forex, stocks, CFDs, crypto) via its proprietary web and mobile platforms plus integrations with popular trading software. The company emphasises social/copy trading features and a user-friendly investing app aimed at retail traders and investors.
NAGA reports a founding year of 2015 and a head office in Hamburg, Germany. It lists 5 regulators and 3 trading platforms.
BrokerBazaar verdict
NAGA is a solid choice for traders who prioritise social/copy trading and an easy-to-use mobile experience, but check fees and regional terms carefully before funding.
Legal entities, regulation and licences
NAGA operates through 5 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
NAGA states that it accepts clients from European Economic Area, United Kingdom, Selected countries in Asia, Selected countries in Latin America. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Stocks, ETFs, Indices, Commodities, Cryptocurrencies, CFDs. Platforms: NAGA WebTrader, NAGA mobile apps (iOS & Android), MetaTrader 4/5 (select accounts/instruments). Account types: Live (Standard), Professional, Demo, Crypto / Invest-style accounts.
Best-for tags assigned by our team: Social / Copy Trading, Beginner Traders, Crypto Trading, Mobile Investors, Stocks & ETFs.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $250. Spreads start from From 0.8 pips and commission is Spread-based pricing for forex…. Maximum leverage is 1:30, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank transfer, Credit/Debit card (Visa/Mastercard), E-wallets (Skrill, Neteller, others), Crypto (available for some services). Withdrawal methods: Bank transfer, Credit/Debit card, E-wallets, Crypto (where supported).
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: complaints.sc@naga.com. Phone: +248 4373121. Complaints must be submitted using the complaint form by email, post or the online complaint form. The Compliance Officer handles complaints; if the complaint concerns the Compliance Officer, it is handled by the Representative Officer. Unresolved complaints may be referred to the Seychelles FSA.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Multi-jurisdictional regulatory structure
- Strength: CySEC-regulated European entity
- Strength: ADGM FSRA-regulated UAE entity
- Strength: FSCA-regulated South African intermediary
- Strength: FSA Seychelles-regulated international entity
- Strength: Strong social and copy-trading functionality
- Strength: Large multi-asset offering
- Strength: MT5 / proprietary web and mobile trading
- Strength: Publicly listed parent company
- Strength: MiCA authorisation for NAGA X crypto services
- Strength: Multiple account/VIP levels
- Limitation: Regulatory protection varies materially by contracting entity
- Limitation: Seychelles entity provides weaker investor protection than the EU/ADGM frameworks
- Limitation: South African entity acts as an intermediary while NAGA Capital is the CFD principal
- Limitation: Very high leverage is available outside the EU retail framework
- Limitation: VIP pricing requires substantially higher deposits
- Limitation: Trustpilot rating is currently unavailable following a guideline breach
- Limitation: Trustpilot has removed a number of reviews as fake
- Limitation: Current external review profile contains a significant number of negative complaints
Who this broker suits, and who it does not
NAGA is most relevant to traders looking for: Social / Copy Trading, Beginner Traders, Crypto Trading, Mobile Investors, Stocks & ETFs.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
NAGA change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for NAGA yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about NAGA
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 3.5/5; WikiFX 7.23/10; Google Play Store 4.1/5; Apple App Store 4.3/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with NAGA. How we make money. Trading leveraged products carries a high risk of loss.