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

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about Naga.

What is Naga?

Naga is a popular Forex Broker 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. With the multi-asset investing app, traders can invest in digital currencies and send money using their own personal NAGA card and payments account.

What Type of Broker is Naga?

We found out that the company is established under Cyprus laws and also complied according European legislation allowing access to trade financial markets. Naga offers CFD trading services in Forex, cryptocurrencies, stocks, indices, ETFs, commodities, and futures supporting all major global markets.

Naga Pros and Cons

Naga is a reliable and well-regulated broker famous for Forex and CFD trading. The broker carries a top-tier regulatory license by CySEC. Naga is a broker with a great range of trading instruments and a very competitive social trading environment. For the Pros, we found that the broker offers advanced trading platforms MT4/MT5. Fees and spreads are comparatively low compared to other brokers. Naga also offers good educational materials and webinars.

In our expert opinion, there are not so many Cons for Naga, just as no 24/7 support, trading limitations in some areas, overnight charges, and also carrying one regulatory license.

AdvantagesDisadvantages
Regulated by CySECNo 24/7 Support
Good ReputationOvernight Charges
Low Minimum DepositLicensed by 1 Regulatory Body
Wide range of trading platformsNot Operating in Some Popular Trading Countries
Competitive Low Pricing
Low Spreads
Excellent Education and Research

Naga Review Summary in 10 Points
🏢 HeadquartersCyprus
🗺️ RegulationCySEC
📉 InstrumentsForex, cryptocurrencies, stocks and virtual goods
🖥 PlatformsMT4, MT5, NAGA Web, Mobile Apps
💰 EUR/USD Spread1 pips
💳 Minimum deposit$250
💰 Base currenciesUSD, EUR, GBP
🎮 Demo AccountAvailable
📚 EducationLearning courses, eBooks, currency encyclopedia
☎ Customer Support24/5

Overall Naga Ranking

Based on our Expert findings, Naga is considered a reputable broker with safe and quality trading conditions. The broker offers reliable services and very favorable trading conditions, also with the lowest spreads, suitable for both beginners and experienced traders.

  • Naga Overall Ranking is 7 out of 10 based on our testing and compared to over 500 brokers, see our ranking below compared to other industry Leading Brokers.
RankingNagaAvaTradeXM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesTrading InstrumentsTrading ConditionsLow Deposit

Naga Alternative Brokers

Naga is a CySEC-regulated broker offering a range of trading instruments with low fees and spreads. fast and reliable execution, and a user-friendly trading platform. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to Naga:

Is Naga Safe or Scam?

No, Naga is not a scam. Based on our expert research we found out that 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.

Is Naga Legit?

Yes, Naga is a legit and regulated broker. It holds a CySEC license and is authorized to operate in multiple countries around the world. Also, based on our findings, we learned that Naga offers competitive spreads and a wide range of markets, making it a great choice for experienced traders.

  • In addition, Naga offers access to a wide range of financial markets, including stocks, Forex, indices, cryptocurrencies, and more instruments. 

See our conclusion on Naga Reliability:

  • Our Ranked Naga Trust Score is 7 out 0f 10 for good reputation and services over the years, with competitive prices, low spreads, and live support.  However, one of the weak points of the broker’s reliability is that Naga does not hold other top-tier regulatory licenses besides CySEC.
Naga Strong PointsNaga Weak Points
Regulated by CySECLicensed by 1 Regulatory Body
Negative Balance ProtectionNot Operating in Some Popular Trading Countries
Competitive Pricing
Low Spreads

How Are You Protected?

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.

In addition, we found out that there is an entity located in SVG which gives global expansion 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.

Naga license

Leverage

Based on our Expert findings, we learned that by 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.

  • The maximum leverage available for retail traders is 1:30.
  • However, professionals may access higher ratios once their professional status is confirmed.

Account Types

Naga accounts offer Standard, Professional, and Demo accounts, with the same quality performance, support, and comprehensive platform features.

ProsCons
Easy account openingOvernight charges
Standard and Professional accounts available on MT4/MT5, NAGA Web app
Low minimum deposit
No hidden fees

How to Open Naga Live Account?

Opening an account with Naga is quite simple. You should follow the opening account or sign-in page and proceed with the guided steps:

  • You would be advised to upload a copy of your ID and residence in order to prove your identity
  • Once the account is confirmed you will get access to your Client Portal where all your account management is happening, and proceed with the first deposit

Trading Instruments

Naga offers several ways of financial investments through either manual or automated investing, social trading opportunities, trading of over 800 instruments, etc. Actually, Naga Markets is a publicly listed FinTech company in Frankfurt backed by Multibillion fund FOSUN, which provides transparency over trading processes.

  • Naga Markets Range Score is 7 out of 10 for 800+ financial instruments among Stock CFDs, Indices, Cryptocurrency CFDs, Forex,  Futures, Commodities, and ETFs.

What are Naga Fees?

We found out that while trading with Naga the fees start from $1 USD, spreads from 0.9 pips to 1.7 pips, and commission-free trading depending on the account traders select. Therefore, you definitely get very competitive pricing, while the Naga spread is considered to be among the industry’s lowest spreads.

What is Swap Fee?

Also, always consider Naga rollover or overnight (swap) fee as a cost, charged on the positions held longer than a day and determined by the direction you trade either selling or buying.

  • Naga fees are ranked low with an overall rating of 7 out of 10 based on our testing and compared to over 500 other brokers. See our findings of fees and pricing in the table below, however, Naga’s overall fees are considered good.
FeesNaga FeesAvaTrade FeesXM Fees
Deposit FeeNoNoNo
Withdrawal FeeYesNoNo
Inactivity FeeNoYesYes
Fee RankingLowHighAverage


Spreads

Based on our Expert research, we learned that Naga offers low spreads for all traders despite trading account size, so any investor will get better trading conditions. The typical spread for EUR/USD is 1.2 pips, which is considered a good spread among the industry offers. 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.

  • Niga Spreads are ranked low with an overall rating of 7 out of 10 based on our testing comparison to other brokers. We found that spreads for Forex and for other instruments are very attractive.
Asset/ PairNaga SpreadPepperstone SpreadXM Spread
EUR USD Spread1 pips0.77 pips1.6 pips
Crude Oil WTI Spread1.2 pips2.3 pips5 pips
Gold Spread2 pips0.1335
BTC USD Spread20.731.3960

Deposits and Withdrawals

We found out that withdrawal options at Naga are the same as deposits, including own Naga MasterCard and Bank Transfers. Naga covers all deposit fees whatever method you will use for money transfer. For withdrawals, typically Naga does not waive fees or might be a little amount. You need to check with your payment provider in case there are any charges that might be applicable due to international transfer laws.

  • Naga Funding Methods we ranked Good with an overall rating of 7 out of 10. The minimum deposit is among the average in the industry, yet fees are either none or very small also allowing to benefit from various account-based currencies.

Here are some good and negative points for Naga funding methods:

Naga Advantage Naga Disadvantage
Fast digital deposits, including Neteller, Skrill, PayPal, and Credit CardsNone
$250 is the initial deposit amount
Multiple account base currencies
$0 deposits and $0-$5 withdrawals
Withdrawal requests confirmed within 24 hours

Deposit Options

In terms of funding methods, Naga offers numerous payment methods which is a very good plus:

  • Сredit/Debit cards
  • Wire transfers
  • Skrill
  • Neteller
  • PayPal
  • Giropay

Naga Minimum Deposit

Naga minimum deposit amount is $250, yet each payment method may require a specified minimum amount available for transfer.

Naga minimum deposit vs other brokers

Naga Most Other Brokers
Minimum Deposit $250 $500

Naga Withdrawals

Withdrawal options at Naga are the same as deposits, including own Naga MasterCard and Bank Transfers. Naga covers all deposit fees whatever method you will use for money transfer. For 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

How Withdraw Money from Naga Step by Step:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

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.

  • Naga Platform is ranked good with an overall rating of 7 out of 10 compared to over 500 other brokers. We found out that it is a good proposal for traders in the industry, offering MT4, and MT5, suitable for professional trading. Also, all are provided with good research and excellent tools.
Trading Platform Comparison to Other Brokers:
PlatformsNaga PlatformsPepperstone PlatformsXM Platforms
MT4YesYesYes
MT5YesYesYes
cTraderNoYesNo
Own PlatformYesYesYes
Mobile AppsYesYesYes

Web Trading Platform

If you prefer trading on the Web without installation, the popular choice of MT4 and MT5 supports various devices from the web, desktop, or mobile applications all at your choice.

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. Based on our research, we found out that NAGA trading platform brings you additional capabilities and a truly great balance between a friendly interface and its sophisticated solutions.

Naga Social Trading Platform

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’s 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.

Also, we learned that 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”.

Customer Support

Based on our research, we found out that Naga offers 24/5, 09:00-24:00 EEST customer support. Live Chat Support and e-mail communication are also available while trading in Naga.

  • Customer Support in Naga is ranked good with an overall rating of 6 out of 10 based on our testing. We got fast responses from the broker,  also quite easy to reach during the working days.

See our find and ranking on Customer Service Quality:

ProsCons
Quick responseNo 24/7 customer support
Relevant answersNo 24-hour support
Availability of Live Chat
Availability contact via e-mail
International support team

Naga Education

Based on our Expert research, we learned that Naga offers a wide range of educational materials including the Naga Learn platform for both beginners and professionals, the Naga Blog, Glossary, the Currency Encyclopedia, Currency Converter, and eBooks. There are also some good webinars available about Forex, live market analysis, and more.

  • Naga Education ranked with an overall rating of 8 out of 10 based on our research. Naga provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data.


Naga Review Conclusion

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.

Based on Our findings and Financial Expert Opinions Naga is Good for:

  • Beginning traders
  • Experienced traders
  • Traders prefer MT4/MT5 platforms
  • Forex and CFD trading
  • Low spreads
  • Low fees
  • Good educational materials
  • Flexible leverage

No news available.

83 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

  8. NAGA VERY BAD BROKER COMPANY AVOID THEM WITH THEM NOW NEALLY A MONTH WITH MY ACCOUNT FUNDED AND ACCOUNT MANAGER NEVER MADE CONTACT WITH ME

    • 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.

    Thanks,
    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

  26. NAGA IS A SYNDICATE OF THIEVES . THIS BROKER MANIPULATES TRADES TO STEAL PEOPLES MONEY.I HAVE DEPOSITED 5 TIMES NEVER WITHDRAW A CENT. MADE PROFITS AND ALL OF SUDDEN MANIPULATE TRADES. MARGIN WILL EVEN FALL WHEN THE MARKET IS CLOSED . BUNCH OF SCAMMERS, I WILL BAD MOUTH THIS COMPANY EVERYWHERE

  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.
    STAY AWAY FROM THIS BEOKER ⚠️

    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.

  33. Naga is an online platform that helps you earn while you invest in the best possible way. If you are a beginner do not hesitate, join NAGA and start investing in profit with little to no risk.

  34. NAGA is the best trading platform I have ever come across. I must say that the auto copy feature of NAGA is the best feature of this platform. Customer support team is excellent and extremely fast in providing you with any kind of help possible!

  35. Naga is the best trading platform for beginners. You can earn while you invest. The Naga team is taking care of every aspect of your trading life. With a large community and a strong reputation, it has been my dream to invest with Naga!

  36. “I have been trading on NAGA for the last six months and I am very happy with it. It is a great platform with very good opportunities to get better.
    NAGA has helped me to become an expert in trading and I really like it.”

  37. “I have been trading on NAGA for the last six months and I am very happy with it. It is a great platform with very good opportunities to get better.
    NAGA has helped me to become an expert in trading and I really like it.”

  38. I am so happy that I chose to start trading with NAGA. With NAGA, I was able to learn the basics of trading, and then grow into a professional trader. The platform’s Auto Copy feature was so easy that it made me feel like I was already an expert. Today, I am so proud of my success!

  39. I have been trading NAGA for over a year now, and I am very happy with my decision. I made the right choice when I decided to join NAGA. The best decision I have ever made in my trading career was choosing NAGA to trade with. With NAGA, I earned a great profit and I am so happy with it. NAGA is the best place to begin your trading career as a beginner.

  40. I have been trading for several years, and I have never had such a great experience as I have with NAGA. I am so happy with my decision to join NAGA, and I know that it was the best decision I’ve ever made in my trading career. NAGA is the best place to begin your trading career as a beginner.

  41. NAGA is the best trading platform of all the trading platforms I have traded with.No other platforms have given me such a huge profit.Now I am a regular trader in NAGA and I have grown into a professional trader.

  42. “NAGA has transformed me to a professional trader.I knew nothing when I joined NAGA but with naga’s Autocopy I was lucky enough to trade and earn profit.Thank you NAGA for making me a pro in trading.

  43. NAGA is just incredible. No other platform can give any of its traders such a considerable profit. Trading with NAGA enables me to earn more for my family. I recommend this to all beginners and professionals. It’s better than a part-time job.

  44. NAGA is the best online trading platform that everyone can trust. I trusted NAGA and made a huge profit that no other commercial platform could offer.

  45. Naga is a cryptocurrency trading platform that has brought me success in my trading career. The Naga autocopy feature is the best feature and allows me to copy other traders’ transactions and make profitable transactions. Naga offers both MT4 and MT5. The user interface is very fluid and easy to understand, with real-time charts that allow me to see where the price goes now.

  46. Naga is a crypto-trading platform that I loved to find. It has brought me success in my trading career, and it is easy to use. The autopiary function is the best feature of this platform. Both mt4 and mt5 are available, which makes it even better for you.

  47. Naga is a platform I used last year to exchange cryptocurrencies. It’s an intuitive interface that makes your trading book much easier to use and create.Naga’s best feature is the Autocopy feature. This allows you to copy data from other vendors on the platform instead of copying it manually. This saves time and ensures the ongoing growth of the portfolio: the more people use the platform, the more money is earned!

  48. Using NAGA for 1 year, so far it’s mostly good: easy to use, offering comprehensive data on stocks, generally I don’t need any other platforms to perform basic investments.

  49. NAGA is the best trading platform I have ever traded with. I would highly recommend NAGA to both beginners and proffesionals. Its a better platform to invest and earn.

  50. I was really worried while choosing NAGA as my trading platform but NAGA was a best choice I have ever made. I am so happy to be a trader in NAGA and its Auto copy feature made me the best trader with great profit.

  51. The best platform to trade is NAGA. I had earn enough profit while I started to invest on NAGA. I would recommend it to all those who are in search of a genuine trading platform.

  52. I have been trading with NAGA for the past two years and I am really happy with my experience. It is the most trustworthy platform I have ever come across. I would suggest NAGA to all beginners and to professionals.

  53. Being a trader I have traded with many Trading platforms but couldnt find any perfect platform. When I first came to NAGA I was doubtful reagarding its authenticity but within months I stoped trading on other websites and continued only with NAGA as thats the only platform that have given me complete satisfaction.

  54. Naga is a cryptocurrency trading platform that has brought me success in my trading career. The Naga autocopy feature is the best feature and allows me to copy other traders’ transactions and make profitable transactions. Naga offers both MT4 and MT5. The user interface is very fluid and easy to understand, with real-time charts that allow me to see where the price goes now.

  55. I’ve been using NAGA for about 6 months now and I have to say, I’m really impressed. The platform is easy to use and the customer support is excellent. I’ve had a few questions along the way and the team at NAGA has always been quick to respond and help me out and NAGA Scam is just a rumour spreading around. Overall, I’m very satisfied with the service and would highly recommend it to others.

  56. I have been trading with NAGA for several months now and have had a very positive experience. The platform is user-friendly and has a wide range of investment opportunities to choose from. I have found the customer service team to be very helpful whenever I have had any questions or issues. Additionally, NAGA offers a variety of educational resources that have helped me to improve my trading skills. Overall, I am extremely satisfied with NAGA and would highly recommend it to other traders.

  57. NAGA has quickly become my go-to platform for trading. The user interface is intuitive and easy to navigate, even for a beginner like myself. The variety of assets available is impressive and the advanced features make it easy to execute trades with confidence. Overall, I have been extremely satisfied with my experience using NAGA for my trading needs.

  58. I highly recommend Naga’s autocopy feature to anyone looking to trade effectively and efficiently. It has revolutionized my trading experience by simplifying the process and increasing my profits. The trades are consistently profitable and the platform is user-friendly and easy to navigate.

  59. I am a professional trader and have been using NAGA for more than a year.I learned the basics of trading and investing. NAGA is the best platform for trade and investment. Trading with NAGA made me a professional trader. I was really worried about starting my trading career, but NAGA’s Autocopy feature made me a successful trader that I really deserved while investing in NAGA. When I saw the negative comments, I was really surprised because I never had bad experiences from the NAGA team. The 24/7 customer service is worth mentioning. I recommend NAGA to every dealer.

  60. I recently had an issue with my Naga account and reached out to their customer service team for assistance. I was impressed with the speed and efficiency of their response. The representative I spoke with was extremely helpful and patient in answering all of my questions. They were able to resolve my issue quickly and to my satisfaction. Overall, I was very impressed with the level of customer service provided by Naga and would highly recommend them to others

  61. NAGA offers a user-friendly platform with a wide range of investment options and educational resources for both novice and experienced traders. I am satisfied with the platform and I recommend it to other traders.

  62. NAGA is the best platform I had trade with. With its best support team trading became easier for me and I had made a good profit out of it.

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