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NAGA — where it wins, where it loses

NAGA does not currently take a column outright against this field. It loses on tier-1 cover, published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.

n/vCost per 10 lots — not confirmed, so not compared
n/vEUR/USD figure the comparison is priced from
0Tier-1 entries of 2 licence rows
n/vMinimum to open, where the broker states one

Column by column

The split

Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.

Wins on

No column where NAGA takes the field outright.

Loses on

  • tier-1 cover
  • published spread

Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.

Licensing

Which entity, which regulator, which number

Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.

NAGA — licence rows on file
RegulatorNumberJurisdictionTierEntityRead from
CySEC204/13CyprusTier 2NAGA Markets Europe Ltdcysec.gov.cy
FSA SeychellesSD026SeychellesTier 3NAGA Capital Ltdnaga.com

Checkable

Facts the comparison runs on

On the record

  • NAGA states on its own site that it is publicly listed on the Frankfurt Stock Exchange.
  • The EU entity, NAGA Markets Europe Ltd, is authorised and regulated by CySEC under licence 204/13.
  • The non-EU entity, NAGA Capital Ltd, states it is authorised and regulated by the Seychelles Financial Services Authority under licence SD026.
  • CySEC published a decision recording a €150,000 settlement with NAGA Markets Europe Ltd (https://www.cysec.gov.cy/en-GB/public-info/decisions/95953/).
  • NAGA's core product is social/copy trading, with public leaderboards of traders that other users can copy.
  • NAGA Capital Ltd's client agreement lists a long set of restricted countries, including Australia, Canada, Japan and all EU member states.
Comparison inputs
Trading sincenot verified
Basenot verified
Minimum to opennot verified
Leverage cap1:30 (CySEC retail); higher leverage on the Seychelles entity
EUR/USDnot verified
TerminalsNAGA web platform, NAGA iOS, NAGA Android, MetaTrader
Account tiersVIP user levels (tiered)
Record confidencemedium
Matchup-readyno — too many gaps to run a fair head-to-head

Excluded from the maths

Not verified

Not verified

These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:

  • founded
  • hq
  • minDeposit
  • spreadEurusd
  • segregatedFunds
  • negativeBalanceProtection
  • ticker and exchange segment of the Frankfurt listing
  • date of the CySEC settlement decision
  • headquarters
  • negative balance protection
Back to the extended matrixPrice this spread

Costs less

Who beats NAGA on price

01

Tickmill

$10.00 per 10 lots · wins on headline spread, platform choice

1 tier-1
02

Eightcap

$10.00 per 10 lots · wins on regulatory reach

2 tier-1
03

JustMarkets

$30.00 per 10 lots · wins on headline spread

0 tier-1
04

CMC Markets

$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice

3 tier-1

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.