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NAGA

Founded 2015 · Hamburg, Germany

NAGA

Social-trading focused broker combining MT4, MT5 and a proprietary app with copy-trading features, regulated by CySEC, FSCA and the Seychelles FSA.

At a glance

1:500Max. leverage
2Platforms
3Regulators
5Instruments

Website status

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About NAGA

NAGA is a social-trading focused broker founded in 2015 and headquartered in Hamburg, Germany. It places copy-trading at the centre of its offering.

The broker is regulated by Cyprus's CySEC, South Africa's FSCA and the Seychelles FSA. Retail leverage is capped at 1:30 under CySEC, while up to 1:500 is available through the Seychelles entity.

Trading is available on MetaTrader 4 and MetaTrader 5 as well as a proprietary app, with a minimum lot size of 0.01. Markets cover forex, indices, commodities, shares and crypto CFDs.

With a FinPip rating of 3.8 out of 5, NAGA suits traders interested in social and copy-trading, though higher leverage is only available via the offshore entity and copy-trading carries added risk for inexperienced users.

The bottom line

Social-trading focused broker combining MT4, MT5 and a proprietary app with copy-trading features, regulated by CySEC, FSCA and the Seychelles FSA.

Regulation & Safety

  • CySEC
  • FSCA
  • FSA (Seychelles)
Founded: 2015Headquarters: Hamburg, Germany

Key facts

Fees & Spreads

Leverage
1:30 retail cap under CySEC; up to 1:500 via the Seychelles entity.
Min. lot size
0.01

Platforms

Instruments
  • Forex
  • Indices
  • Commodities
  • Shares
  • Crypto CFDs

Pros

  • Built-in social and copy-trading
  • CySEC-regulated European entity
  • MT4 and MT5 plus a proprietary app

Cons

  • Higher leverage only via offshore entity
  • Copy-trading carries added risk for inexperienced users

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