Naga
This broker does not accept traders from United States.
NAGA is a German social investing platform offering copy trading on 950+ financial markets including CFDs and real stocks. Founded in 2015, the company is publicly listed on the Frankfurt Stock Exchange and is regulated by CySEC (Cyprus) and the FSA (Seychelles). The firm offers an all-in-one web platform and mobile app, but traders can also synchronize their NAGA accounts with the MT4 or MT5 platforms.
| Min. Deposit | $250 |
| Min. Trade | 0.01 Lots |
| Regulated By | CySEC, FSA |
| Mobile Apps | iOS & Android |
| Currencies | USD, EUR, GBP, PLN |
CFD
I found a good selection of 950+ CFDs. Traders can get started with a $250 minimum deposit, which gets you unlimited access to webinars, ebooks and trade alerts. Standard spreads in the basic account are around 1.7 pips, however, the most competitive spreads from 0.7 pips are only accessible to those who can deposit $50,000 or more.
| FTSE Spread | Variable |
| GBPUSD Spread | Variable |
| Oil Spread | Variable |
| Stocks Spread | Variable |
| Leverage | 1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location. |
Forex
NAGA offers an average range of 40+ currency pairs with variable spreads and lot sizes, including Micro and Mini lots. I found that you can start copying with a fixed minimum of $50 or a variable minimum relative to the leader. Copy fees start from $0.99 and I like that you can test out the platform in the $10,000 virtual account.
| GBPUSD Spread | Variable |
| EURGBP Spread | Variable |
| EURUSD Spread | Variable |
| Assets | 48 |
Cryptos
I was impressed to find 30+ crypto derivatives at NAGA, including popular crypto-fiat pairs like ETHUSD and BTCEUR. I like that you can easily set alerts in the platform, based on price, percentage or pips.
| Coins | ADA, BTC, DOGE, ATOM, DASH, EOS, ETH, DOT, IOTA, FIL, LINK, LTC, NEO, QTUM, SHIB, SOL, TRON, UNI, XLM, XMR, XRP, XTZ, ZEC |
| Spread | Variable |