NAGA
Rating: 0.5 / 5Social trading-focused broker NAGA remains the most successful IPO in Germany in 2017, issued a cryptocurrency coin, and remains backed by well-known investors. Besides its popular mobile app and payment solution, traders get a low-cost trading environment and a balanced asset selection. I reviewed this broker to determine if its social-trading and mobile-only approach deliver the promised simplicity. Should you consider NAGA as your next social trading broker?
Social trading-focused broker NAGA remains the most successful IPO in Germany in 2017, issued a cryptocurrency coin, and remains backed by well-known investors. Besides its popular mobile app and payment solution, traders get a low-cost trading environment and a balanced asset selection. I reviewed this broker to determine if its social-trading and mobile-only approach deliver the promised simplicity. Should you consider NAGA as your next social trading broker?
Broker Details
- Headquarters
- Germany
- Established
- 2009
- Min Deposit
- $50
- Execution
- ECN/STP
- Regulators
- CySEC
Trading Conditions
- Trading Hours
- Currency PairsSunday 22:05 - Friday 21:55CryptocurrenciesSunday 21:00 - Sunday 21:00CommoditiesSunday 23:01 - Friday 21:58Crude OilSunday 23:01 - Friday 21:58GoldSunday 23:01 - Friday 21:58MetalsSunday 23:01 - Friday 21:58Equity IndicesSunday 23:01 - Friday 21:58StocksMonday 08:01 - Friday 20:58Stocks (non-CFDs)Monday 08:01 - Friday 20:58ETFsMonday 14:31 - Friday 20:58FuturesSunday 23:01 - Friday 21:58
Trading Costs & Spreads
- EUR/USD
- 1.5 pips ($15.00)
- GBP/USD
- 1.5 pips ($15.00)
- Gold
- $0.38
- Bitcoin
- $124.70
- WTI Crude
- $0.04
Platform & Features
- Trading Platforms
- MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based
- Regulators Detailed
- Cyprus Securities and Exchange CommissionCountry: CyprusLicense: 204/13Financial Services AuthorityCountry: St. Vincent and the GrenadinesLicense: Unregulated
Pros
- Excellent in-house developed copy trading infrastructure
- Publicly listed company in Germany backed by Chinese conglomerate FOSUN
- Active social trading community with 1M+ traders
- Over 1000 financial instruments, including CFDs on various assets as well as real stocks
Cons
- No free MetaTrader plug-ins
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