1. What is Naga
  2. Naga Pros and Cons
  3. Is Naga safe or a scam?
  4. Leverage
  5. Trading Fees
  6. spread
  7. Trading Platform
  8. Deposits and Withdrawals
  9. Conclusion

What is Naga?

Naga was founded back in 2015 as a Fintech company that provides access to world markets through decentralized technology along with necessary support so that global investors may gain bigger exposure.

The company is established under Cyprus laws, also complied according to European legislation allowing access to trade financial markets, cryptocurrencies, stocks and virtual goods supporting all major global markets.

Naga Pros and Cons

Naga is reliable broker with great range of trading instruments and very competitive social trading environment. Platform and costs are good, there is education and research tools.

On the negative side the conditions are different depending on the enityt and there is no 24/7 support.

Naga - official website

10 Points Summary
🏢 HeadquartersCyprus
🗺️ RegulationCySEC
📉 InstrumentsForex, cryptocurrencies, stocks and virtual goods
🖥 PlatformsMT4, MT5, NAGA Web
💰 EUR/USD Spread1.2 pips
💳 Minimum deposit0 $
💰 Base currenciesUSD, EUR, GBP
🎮 Demo AccountAvailable
📚 EducationLearning courses, Social trading, analysis
☎ Customer Support24/5

Is Naga safe or a scam?

NAGA group took all necessary steps to be a fully regulated and transparent firm, so it is not a scam, it is a publically listed company, but also a broker authorized by a CySEC in Cyprus and a technology company operating in Germany.

NAGA is a trademark of The NAGA Group AG, a German-based FinTech company publicly listed on the Frankfurt Stock Exchange (WKN: A161NR | ISIN: DE000A161NR7). Which brings a certain level of stability together with a strong establishment and operational base. Also, NAGA is backed by a Chinese fund FOSUN making it a reliable firm under any circumstances.

Naga license

In addition, there is an entity located in SVG which gives global expand to NAGA service, as long as it is authorized and regulated by European legislation it is considered safe even being registered in the offshore zone.

So together with numerous performance standards and high reliability as a public company, NAGA also complies with its trading service with necessary requirements set by MiFID. As such, traders’ funds are always segregated from the company and are covered by a compensation scheme in case of brokers’ insolvency.


Also while trading with Naga you may access flexible leverage that allows you to control and manage risks better and according to your trading style. However and since Naga is a European broker, the company offering fully complies with ESMA restrictions, therefore, falls under recent updates to use lower leverage levels. So the maximum leverage available for retail traders is 1:30, while professionals may access higher ratios once their professional status is confirmed.

Social Trading

Naga offers several ways of financial investments through either manual or automated investing, Social Trading opportunity, trading of over 500 instruments, ICOs, etc. Actually, Naga Markets is a publicly listed FinTech company in Frankfurt backed by Multibillion fund FOSUN, which provides transparency over trading processes.

Eventually, Naga constantly add on innovations and new challenges that allow rapid development of the company and its clients as well.

Naga trading markets

What are Naga Costs?

Once you decide to trade with Naga, you many choose from 5 fiats (USD/EUR/GBP/PLN/CHF) or 4 crypto- based trading accounts available for all types of investors with no diverse of trading conditions based on deposits or so.

FeesNaga FeesJust2Trade FeesGO Markets Fees
Deposit feeNoNoNo
Withdrawal feeNoNoNo
Inactivity feeYesYesYes
Fee rankingAverageLowAverage

Naga markets


Naga mentions on its website offering of the lowest spreads for all traders despite trading account size, so any investor will get better trading conditions. Typical spread for EUR/USD is 1.2 pips, which is considered a good spread among the industry offering. As for other instruments, there could be commission charges for some assets which you will find directly from the platform.

Also while using Social trading all costs and spread of the profit between the master account and copy account will be calculated automatically.

As an example, you may refer to the table below and see the average spread for some currency pairs, as well you may compare fees to another popular broker Pepperstone.

AssetNaga SpreadsJust2Trade SpreadGO Markets Spread
EUR USD Spread1.2 pips0.8 pips1.2 pips
Crude Oil WTI Spread1.2 pips0.6 pips1.9 pips
Gold Spread2 pips1.5 pips1.4 pips


Also, always consider Naga rollover or overnight fee as a cost, charged on the positions held longer than a day and determined by the direction you trade either selling or buying, also refer to some examples below.

Naga spread

Trading Platforms

What is also great as we discover within our NAGA review is a choice between the platform you’re getting. So you may select either MetaTrader4, its newer version MetaTrader5 or use proprietary software NAGA Web platform together with its applications.

While MT4 and MT5 do not require many words and an introduction due to their world popularity and proven powerful capabilities that remain at your disposal either for manual or automatic strategies. NAGA trading platform brings you additional capabilities and a truly great balance between a friendly interface and its sophisticated solutions.

NAGA, being a FinTech company made it truly great software that will suit the most demanding appetites accompanied by online support, news streaming and comprehensive analysis features. While one of the main parts of NAGA offering is a Social trading capability, you will find excellent capability for copy trading, which is based on proprietary algorithms defining top traders and leading trades along with numerous bonuses.

Naga platform

Also, there is a quite great offering performed via Naga Exchange that allows unlimited and commission-free crypto and fiat trading through its biggest social network. So whether you are a professional or a beginner trader, Naga welcomes both with unique opportunities either to copy trades or act as a “master”.

What Funding Methods does Naga offer?

Naga supports all major cards, cryptocurrencies and alternative payment methods like e-wallets.

In addition, in February 2019 firm launched NAGA Card & IBAN which allows users to manage funds and pay for services or goods even easier, throughout all benefits of NAGA MasterCard.


Naga minimum deposit

There is no minimum amount required by Naga for first-time deposits, yet as the broker mentions usually new traders deposit amounts from 200$ in order to have exposure to almost any market and try out Naga conditions. Also note, each payment method may require a specified minimum amount available for transfer.

Naga minimum deposit vs other brokers

Naga Most Other Brokers
Minimum Deposit $0 $500


Withdrawal option at Naga are same as deposits, including own Naga MasterCard and Bank Transfers. Naga covers all deposit fees whatever method you will use for money transfer, for the withdrawals, typically Naga does not waive fees, yet you better check with your payment provider in case there are any charges that might be applicable due to international transfer laws.

Naga deposits


Overall, Naga Review shows us a broker with strong technology and development of trading innovation. There are vast investment opportunities either for beginners, with social trading or a professional who seeks progressive trading options accompanied by good trading conditions and costs. Together with its regulatory obligation Naga seems a good choice of a brokerage firm to us and could be a pleasant partner in your trading journey too.

No news available.

52 responses to “Naga”

  1. My personal experience with NAGA is very bad and it is a pity because I opened an account after I read your review. What you say is inaccurate. When i registered I got a phone call from a guy called Jason Baker, who immediatelly tried to “sell” and make me pay. We talked and then the next day he called me again to ask for money. I put some money just to see how it works and immediately after that, he disappeared, although i tried to talk to him asking for help/details which he was supposed to give. Then the platform threw me out and could not log in again. After a lot of tries and after asking for reseting my password (which took sooo long) I managed to get back in the platform. I tried to make the trade (maybe more than 20 times) that I wanted but each time there was a problen and they could not process it. Again i asked for help from Jason but he never replied to my emails. So after all of that, i tried to withdraw my money back and guess what, I couldn’t!! So bottomline, I lost my money and time. Too bad. Everyone should stay away from them.

    • Thank you for your feedback.
      We are sorry to hear that you have experienced issues with your NAGA account. We have raised this internally and we would like to ensure not only you but also any other members of the 55Brokers community that we, at NAGA, always strive to provide our traders with the highest standards of service excellence. Our Support Team is here to help you throughout your trading journey and assist you with any technical issues you may experience with our solutions by simply emailing them at support@naga.com

      Have a great day!

      NAGA Team

      • Bullshit with your support !! All you do it is to steal money … more peoples write about this … how can you explain this ? it is not 1 or 2 or 3 … they to many … so … explain why all write about that naga steal money ???

        • We understand that at times, things may not move as smoothly as intended, however, as a regulated broker, NAGA is obligated to comply with the legal framework. We also understand that this can result to frustration at times and we empathise with that.
          However, NAGA reserves the right to protect its trading community from any fraudulent tactics exercised in any of our trading channels as well as protecting its staff from any kind of abusive behaviour. You can find more about our T&Cs at https://naga.com/europe/legal-documentation
          Have a great day!
          NAGA Team

  2. naga is a forex scam broker, I added money and could not withdraw my money, if you do not want to lose your money, you should not load it, I mailed support and I did not see a reply

    • Thank you for your comment. We are sorry to hear that you had issues with withdrawal. Please contact our Support Team at support@naga.com and they will be happy to assist you further.

      Have a great day!

      NAGA Team

  3. Do not use this Naga.com company SCAM

    Do not use this company – SCAM !!! they will steal your btc ! and ask more and more documents to sell your info !
    if you buy btc and the price rise, NAGA don`t want to let you to withdrawal your btc. Please take care with this NAGA ! It is a scam website

  4. Naga company has a lack of money withdrawal policy. I made a deposit of 500usd using a debit card. After I made a profit, I issued 30usd of money. After that I got an email from the dragon team. They asked for a credit card document from me to confirm the depositor. The problem is that I make a deposit using a debit card. And when I contact support they ask me to get debit card ownership. THAT IS STUPID THING EVER. What bank gives details about debit card for their customers? NONE.Lack Of Policy Withdrawal Ever.Trading account number is 5133066.

  5. Thank you for your comment and valuable feedback. This has now been raised internally for assessment and review by our Team.
    Please note that we do understand your frustration and appreciate your concern. Client fund security is our number one priority at NAGA and therefore we always ensure that each transaction passes through all the safeguards in place.
    Our Support Team will be reaching out to you soon to assist you further with this.

    Have a great day!
    NAGA Team

  6. I have had multiple instances where my SL has been hit because the spread has increased drastically with no news. For instance, the usual spread of USHCHF is less then 3 pips but on Naga it increased to over 15 pips.

  7. Is Naga still exist? Nobody answers email, no phone contact, no posibility to monay withdrawals…Stay away from them!!!

    • Hi Piotr, we sure do!
      Please feel free to contact our Support Team at support@naga.com. Alternatively, If you are experiencing any issues with response times please let us know of your ticket number or full name and we will be able to reach out to our support colleagues and let the,m know.

      Have a great day!
      NAGA Team

    • Hi Bill,

      We believe that the best decisions are always made when one has all the facts reviewed and assessed. Choosing a broker is not an easy decision to make, with so many options available and especially when there is a lot at stake. At NAGA we strive to provide our community the best possible user experience and create additional value wherever possible with our various unique features.

      Client Security is also paramount for NAGA. We always ensure that any activity taking place within our platform passes through all the safeguards in place and there are no exceptions for anyone.

      We understand that sometimes people may be frustrated due to the time these processes take, or sometimes, people become agitated especially when they have something to hide and they are looking for a quick buy-out.

      So, coming back to our main point of “choosing the right broker”, its always best to have all the information in front of you to make an informed decision. Sometimes there’s more than meets the eye behind a review.

      Have a great day Bill,
      NAGA Team


    • Hi Gerald,
      Unfortunately we are unable to locate your NAGA account by using your 55Brokers username. Please contact our Support Team at support@naga.com in order to look into this further for you.
      Looking forward to your email.
      Have a great day!
      Team NAGA.

  9. I do not accept that NAGA cannot locate my account.That is totally untrue.I have tryed the support link but cannot get through.Myself and a friend did trading and NAGA TOOK 10 Percent commission for each trade which would mean that i would have to make 10 percent on the trades to break even.The account manager never made contact with me as promised I LIVE IN ireland and they know my e mail address.There reply is only a cover up which is not true.MY advice to you is only go with a broker that is FCA Regulated and avoid NAGA as customer service with this broker is very poor. Regards Gerald

  10. Hi Gerald,
    Thanks for responding. Now that you provided us with your email address we managed to locate your NAGA account. Please note that all we could see from your previous comment was your first name (GERALD) and thank made it kind of hard looking through all the Geralds we have in our system.

    Regardless, we can see from our system that our team has attempted to contact you several times over the phone but without any luck. We have raised this internally on your behalf and a member of our team will be contacting you soon in order to assist you further.

    In the mean time, if you have any further queries, please feel free to contact us directly at support@naga.com and our team will happily assist you.

    Team NAGA

      • I also cannot understand the negative reviews’ These guys have been fantastic. 24/5 support – account managers available to speak to via email phone or chat. No deposit fees, reasonable withdrawal fees and a very well ran website.

  11. wer will mit mir eine Sammelklage gegen NAGA stellen,?
    Vorsicht bei NAGA – schlechter Kundenservice, du kannst die Positionen nicht schlissen da die Plattform Aussetzer hat, dadurch habe ich eine Menge Geld verloren riecht nach Betrug!!!

    • Vorsicht bei NAGA – schlechter Kundenservice, du kannst die Positionen nicht schlissen da die Plattform Aussetzer hat, dadurch habe ich eine Menge Geld verloren riecht nach Betrug!!!

      • Hallo Eugen, vielen Dank für Ihre Anmerkung. Wir haben dies mit der zuständigen Abteilung besprochen und ein Mitglied unseres Teams wird sich mit Ihnen in Verbindung setzen, um dies so schnell wie möglich zu lösen.
        Vielen dank,
        Team NAGA

  12. My experience with Naga has been horrendous! Every time I try to withdraw money or send BTC to my wallet, it either gives me an error or says that they have halted my transaction for investigation. I have provided EVERYTHING that they have asked for, and I constantly have problems. I do not recommend this site to anyone. I am still having issues as we speak and I am so ANNOYED! All of this is my own money that I put in, and I can’t get it back.

    • Hi Dominic, we are sorry to hear that you feel this way and we would like to apologies for the delay. We have raised this internally and our support team advised that this will be processed today.
      Thank you for your understanding.
      Team NAGA.

  13. I have been having soo many problems as of late. I recently tried to withdraw money because I had made a sufficient loss however I was unable to do so. To recoup the loss, I deposited more money to try and recoup it and this failed. I have also noticed the functionality of MetaTrader and the Naga App have been inefficient as today I tried to prevent a loss on a trade on MetaTrader which went though however on the App, it was still held. Furthermore, my deposits which had been made had not come onto my actual MetaTrader platform. The application is up to date and I’m not sure what has happened. I had contacted customer services regarding my concerns this morning and didn’t receive a response despite the constant emails. I thought something like this would be taken seriously however clearly this hasn’t occurred. I just hope someone sees this and deals with it. I can’t believe the poor customer service which I have received today. If not an email, a call would be suffice but I don’t want to receive a call anymore because I am fed up with the service I have received.

  14. Hi SP, thank you for your comment.
    We are sorry to hear that you have been experiencing issues with our services. Please rest assured that our team will respond to you as soon as possible. Alternatively, please feel free to provide us with your NAGA account number at feedback@naga.com and we will pass this to our Support Team directly.
    Thank you for your patience and understanding.
    Team NAGA

    • So far I have not seen a solution as to how Naga is going to solve these problems. Was going to put my money on it but these issues is what I faced with similar scammers and if these are the same issues that I have been dealt with then you got to be a scam.

  15. Great platform, don’t understand all these complaints. Through Naga’s innvoative copy trading system, I manage to make 200€/day. Assistance (Sarah) is perfect. Thank you!

  16. Thank you for your kind comment Peter. We are so happy to hear that our customers appreciate our team’s efforts and hard work they have put into creating what NAGA is today. We will make sure that that Sarah gets your praise.
    Have a great day!
    Team NAGA

  17. This NAGA is not worthy, operation fails very often, and they claim to deposit withdraw in less than 24 h, totally not true, I´ve been waiting for mine 10 working days now. Always giving excuses to delay de transfer…. I won’t use this broker again!!!!!

  18. Hi David,
    As already advised, the reason for this delay lies with your Bank or EMI. Our Support team will be able to provide you with more details regarding this as well as to what additional steps we have taken in order to receive your funds as soon as possible.
    Thank you for your understanding.
    Team NAGA

  19. Ich bin seit dem 01.04.2020 bei NAGA registriert und habe ernsthaft noch keinen besseren Broker kennengelernt!!!

    MEGA Support (immer erreichbar, Antworten nach wenigen Minuten), sofortige Gutschrift bei Einzahlungen, Auszahlungen binnen 2-3 Tagen auf dem Konto, eigene Kreditkarte, zuverlässige und sofortige Ausführung von Trades – und bei jedem Update der Plattform/App wird es besser!!!

    Für mich nur noch NAGA!!!

    • Estago.one I believe that you are a master trader on NAGA and you make an income from others copying you. It would be helpful if you confirm this, otherwise it gives a misleading impression that you are a regular trader / investor. You have every reason to try to say positive things about NAGA and it is very different from the experiences of traders who copy trade.

  20. Vielen Dank für Ihre großartige Bewertung estago.one! Wir freuen uns zu sehen, dass unsere Trader sich die Zeit nehmen, ihre Gedanken über ihre NAGA-Erfahrung auf so wichtigen Kanälen wie 55Brokers zu schreiben.
    Nochmals vielen Dank.
    Team NAGA

    • Estago.one is a master trader on NAGA and he makes an income from others. He is not a copy trader.

      It would be helpful for NAGA to confirm this and to avoid giving a misleading impression to other potential copy traders.

  21. Hi,

    I have been considering opening an account with NAGA however I am really unsure whether that is the right option reading all these reviews. What support do NAGA provide in terms of 24/7 support and advice such as account managers. Additionally, should they encourage you to invest more into an account or is that prohibited?

  22. Hi there,

    I have set up an account recently and wanna know some things. I have autocopied ppl and hoping this brings some profit. What is the leverage of a basic account and how would I increase this? Also, I have a account manager which is good but what do they do? Should they encourage me to put more money in or can they not do that? I dunno if this has been asked already but it’s worth asking because I’ve read the reviews and the support team ain’t useful from what ppl say

  23. Opened a basic account. The manager contacted me and gave me his speak, suggesting a couple of investments and they resulted in a small profit. All good so far,. From this point on arranged phone call times were not met, contact came out of the blue and then we would go over what he had told me in the last phone call. After waiting another arranged call that didn’t happen I decided to try auto trader. A number of investments were made ,two were profitable ,one a loss but overall it seemed I made a slight profit. When I looked at my account it said I had lost about £100.When I went to my trading non of them showed this transaction and it still doesn’t.Since then my manager hasn’t called for me to ask him about this loss. Days after still not heard from him!

    • Ross- I think you might want to read the reviews on TrustPilot. You are not alone and there are a lot of odd things that happen.

  24. Hi I recently put some money on naga, obvisouly before reading these reviews, what are the chances I will get my money back, or am I best passing it on to a fruade team?

    • I would get your money out ASAP and record everything and excuse they say. If there are delays then post them back here and report to the regulator. Note that Cysec as a regulator is one of the weakest in EEA. If you’re a UK citizen then NAGA have a temporary license which flows back to Cysec but it will build momentum as they have a file on NAGA

  25. I invested with NAGA and found it very strange when I was losing money copying trades of traders with great statistics. After several months of investigating, I found out that the statistics being presented are wilfully false and misleading. They deliberately hide open trades which have many losing trades, so that the traders look like they’re winning when they aren’t. They get fixed bonuses on winning trades so the losses don’t matter to them when you realise how much they are getting. NAGA gets all the spreads. There are many other issues: wilful enticement by their advertising and their account teams, deliberately false statements on risk, difficulty getting your money out and a lack of controls. I was banned from their messaging platform after raising concerns. Despite claiming “transparency” they spend a lot of time censoring comments on their platform and the internet generally. I strongly suggest you read Trustpilot reviews – watch out for 5 star ones: they are either solicited or suspicious as are the positive comments here. Also they were reported in Fintelegram for fraudulent marketing. Have a quick search for this article


  27. naga platform was a fully thieve platform all my invest on there platform run lost nothing come back for me this was so bad

  28. naga is a forex scam broker, I added money and could not withdraw my money, if you do not want to lose your money, you should not load it, I mailed support and I did not see a reply

  29. NAGA is surely a scam broker, I deposited money and purchased crypto for more than 13 days now and could not withdraw my crypto 🥲 as a new user you will be treated well and once you deposit a huge amount that’s when you will understand what NAGA is.

    I swear to you it’s a scam

  30. Absolute scam, the app and web are broken and they just play with you until they rip you off all your of money.

  31. after reading all these reviews I will also stay far away from NAGA…. besides the fact that looks to be too good to be true…

  32. A ja mam negatywny komentarz.Mam dowody na to ze Naga to nie broker a market maker. Kazdemu zainteresowanemu przesle na maila dowody do tego. I sprawy zreszta tak nie zostawie. W dniu dzisiejszym zaczalem sprzedawac ukousd, o 19.11 cena ropy wynosila 106,895 (spread 0.080) akcja w ulamku sekundy runela w dol a naga zamknela mi tranzakcje twierdzac ze stop out gdyz uko usd osiagnal 107,145. Naszczescie prowadze krotkie sesje i nagrywam ekran oraz robie screenshoty. O 20,29 ukousd osiagnelo TP przewidywany przeze mnie 104.000 generujac zysk na poziomie 552 euro za 0.21 lot. Niestety nie uzyskalem profitu poniewaz naga celowo zknela mi akcje twierdzac ze akcja przekroczyla jakis lvl choc byla ponad 2x spread od tego poziomu. Nie polecam. Gdy probujesz grzecznie cos zalatwic zbywaja Cie twierdzac ze system im pokazuje tak i tak ma byc. Nie patrza nawet w dokumenty w ktorych czarno na bialym widac ze masz racje. Ze wzgledu ze to nie pierwszy raz lecz mam czyste dowody nie pozostawie tego bez odzewu. Przestrzegam przed tym oszustem. Naga celowo manipuluje spreadami by zamykac Ci tranzakcje. Ja wlasnie tak mialem. Naga podniosla spread z 0.080 do 0.495. ponad 6x wiekszy spread tylko by zamknac Ci tranzakcje. Dzis odpisali mi ze akcja osiagnela 106.655 ale spread spowodowal ze zamkneli. Wiec sami sobie wytlumaczcie. Jezeli inwestujesz w sprzedaz akcja idzie w dol z 106.895 do 106.655 spread masz 0.080 a tu nagle broker zamyka Ci tranzakcje. Cos jest nie halo. Wkladaja klientów do B-booka i tak robia pieniadze. Czyste oszustwo.

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