NAGA

NAGA, operating as NAGA Markets Europe LTD, is a regulated brokerage company headquartered in Cyprus. It is licensed by the Cyprus Securities and Exchange Commission (cysec) and the Spanish National Market Value Commission. However, it is worth noting that NAGA does not have a license to do business in Germany, which could pose risks to traders in the country due to the lack of proper regulation.

NAGA offers a wide range of market instruments including forex, equities, ETFs, commodities and indices. Traders can access more than 1,000 assets in various popular markets, such as currency pairs such as EUR/USD and GBP/USD, shares of companies such as Tesla and Amazon, and commodities such as gold and Brent Oil.

The broker offers a variety of account types to meet different trading needs, from iron accounts with a minimum deposit of $250 to crystal accounts with a minimum deposit of $100,000. Each account type offers different features, spreads, and trading signals. NAGA also offers demo accounts with a test balance of $10,000 for users to practice trading without using real money.

Although NAGA offers a variety of trading platforms, trading tools and educational resources to support traders, it is worth considering some user reviews which mention difficulties in withdrawing funds and delays in receiving refunds. Traders should carefully evaluate these factors before participating in NAGA's services.