Welcome to our NAGA review, where we’ll take a closer look at the highlights of this complex trading platform. With over 1 million registered users, NAGA has created a community of savvy traders who share investments, get copied on their strategies, and drive millions of transactions on its platform.
This comprehensive crypto platform allows you to trade all popular assets in one place with professional tools and excellent support. In addition, the intuitive interface and sophisticated charting tools will have you feeling like a pro in no time. Therefore, whether you are an experienced trader or a novice, NAGA has something for you.
What Is NAGA?
NAGA is a global cryptocurrency exchange founded in 2015 with a mission to create the most powerful finance app in the world. Today, the company offers an all-in-one trading platform with access to popular assets, professional tools, and top-notch support.
The proprietary NAGA Trader platform offers the power of MT4 and MT5 in an easier and more accessible interface, complete with advanced charting tools for an unparalleled trading experience.
NAGA Markets Europe Ltd. is a fully regulated broker licensed by EU financial regulators, giving users peace of mind. NAGA Autocopy is another innovative feature that allows users to copy leading NAGA traders automatically, and the company also offers free trading education resources, making it an excellent choice for beginners looking to learn more about trading.
With a focus on user experience, NAGA has developed an intuitive interface and professional tools for a seamless trading experience. Users can trade all popular assets on the platform, including cryptocurrencies with 0% commissions, and benefit from competitive spreads. Now, let’s see how you can go about opening an account with this platform.
How to Open an Account at NAGA
- Go to the official NAGA website (https://naga.com/) and click on the “Sign Up” button.
- Provide your email and password to create your account.
- Click on “Sign Up” to proceed.
- Provide your full name, username, and phone number, and click on “Proceed.”
- Once you’ve entered your phone number, you will receive a verification code on your mobile phone.
- Enter the verification code on the website to confirm your NAGA account and access it.
Once this is complete, you can start exploring the NAGA platform and all its features. However, if you wish to start trading, you will first need to verify your identity. You will have to answer a KYC questionnaire and provide some proof of identity and proof of residence. When this is done, you can go back to your account and start trading.
Security: Is NAGA Safe?
NAGA takes measures to ensure the security of user funds and accounts. One such measure is mandatory account verification, which involves identity and proof of residence verification procedures to comply with anti-money-laundering (AML) and know-your-customer (KYC) regulations.
The exchange takes all the necessary steps to prevent unauthorized access to your account and funds. In addition, strict withdrawal policies and limits are in place to prevent fraudulent transactions, third-party deposits, and the unlawful transfer or exchange of funds.
The exchange also strongly recommends enabling multi-factor authentication (MFA), an additional layer of protection for your account.
Overall, NAGA’s commitment to cybersecurity is evident in its efforts to provide businesses with the best possible protection and resilience against threats.
What Are NAGA Features?
NAGA offers a variety of features that make it a popular choice for traders of all levels. Here are some of the key features that set NAGA apart:
- 950+ Instruments and Assets: With NAGA, users can trade CFDs, Forex, Stocks, and choose a wide range of other markets. With such a variety of options, users can find the markets that best fit their investment strategies.
- Real-Time Order Execution: NAGA’s high-speed order processing allows users to stay on top of the market and take advantage of trading opportunities as they arise.
- Mobile and Web Interface: The NAGA mobile app for iOS and Android devices allows users to trade on the go. The platform’s web interface is also easy to use and accessible from any device.
- Copy-Trading: NAGA’s innovative copy-trading feature allows users to discover other investors on the platform and copy their trades. This feature is particularly useful for beginners looking to learn from more experienced traders.
- Free Daily News and Trading Signals: NAGA provides users with the latest market updates through its NAGA Feed feature, as well as free trading signals from selected providers. This feature helps users stay informed about the markets and make better-informed investment decisions.
- Multi-Currency Accounts: NAGA allows users to open multiple trading accounts with one of many supported base currencies. This feature is particularly useful for international traders who deal in multiple currencies.
- Personal Account Manager: NAGA provides users with professional support from their account manager. The support team is available via phone, chat, or email and can assist users with any questions or issues they may encounter.
Overall, NAGA provides a comprehensive range of features that cater to the needs of traders of all levels. Whether you’re a beginner looking to copy trades or an experienced trader seeking the latest market updates, NAGA has something to offer.
NAGA Pay is an innovative payment platform that allows users to pay anywhere with Euro or crypto, using a crypto debit card by Visa. With NAGA Pay, users can buy and sell crypto with just a few taps using Euro, making the process seamless and hassle-free.
In addition to buying and selling crypto, the NAGA app also offers a cashback feature, where users can get up to 5% crypto cashback on their purchases. Users can also manage their bank account in just a few taps, send money to friends, make SEPA payments, and see their transactions and balance.
The NAGA Pay Visa debit card can be used anywhere Visa is accepted, making it easy for users to make purchases online or offline in 195 countries. Users can also enjoy up to three free ATM withdrawals per month.
To get started with NAGA Pay, users can simply download the app, register, and start using the platform to make payments and manage their finances. NAGA Pay also offers an automated account opening process, making it quick and easy to get started.
NAGA Pay also offers a referral program where users can refer friends, and both receive $10 in Bitcoin. Users can share their unique referral link or referral code with friends and receive rewards for each referral.
NAGA Demo Account
NAGA offers a demo account for traders who want to try out the platform before using real funds. Opening a demo account is free and risk-free, and you’ll get $10,000 as a test balance for trading on NAGA. Even if all of your demo trades turn out to be unprofitable, you won’t lose any money.
With a demo account, you can check out the Feed, explore the markets and assets offered by NAGA, open demo trades, and see the leaderboard. This is a great way to get a feel for the platform and test out your trading strategies before investing real money.
What Are NAGA Fees?
NAGA is known for its transparent and straightforward fee structure. Below is a breakdown of the fees users can expect to be charged:
NAGA charges a swap fee for holding a position overnight. The swap fee is charged daily, with a triple charge on Fridays. For FX, Metals, Spot Oil Commodities, and Rolling Futures, the swap fee is applied on Wednesdays. For Cryptocurrencies and CFDs on Stocks, the fee is applied on Fridays. There are no swaps for Expiration Futures. Charges are applied daily at midnight for the past trading day, with the triple charge applied after Friday midnight to cover the upcoming weekend.
Commissions on Equities and ETFs:
NAGA charges a commission of 0.20% on notional value every time a user places a trade to buy or sell shares. However, VIP Levels (Gold – Diamond – Crystal) receive reduced commissions of 0.10%.
NAGA charges the difference between Bid and Ask price as a spread fee.
NAGA charges a flat fee of $0.99 for all copied transactions plus an additional 5% fee for all trades with a profit of $10 or more.
NAGA charges a standard withdrawal fee of $5 or equivalent, with a minimum withdrawal amount of $50. However, the withdrawal fee decreases any time you upgrade to a higher VIP Level. It’s free if you become a Crystal Trader.
When transferring cryptocurrencies from NAGA Wallet to external wallets, the exchange applies Network fees for the services provided. Sending to a blockchain address incurs a 0.99% fee while sending to an email address incurs a 1% fee.
It’s important to note that NAGA does not charge a deposit or inactivity fee. If users see such a charge, it’s most probably from their bank or payment provider. Overall, NAGA’s fee structure is competitive and in line with industry standards, making it a cost-effective option for traders and investors.
NAGA Customer Support - Which Customer Support Options Does NAGA Have?
NAGA offers a range of customer support options to ensure that users can get the help they need when they need it. Here are the ways you can contact NAGA’s customer support team:
Live Chat: Users can message NAGA’s support team via the live chat feature from their phone or by clicking on the red chat icon in the bottom right corner of the website. Users can also contact support via live chat in the NAGA Pay app through their Profile ⇾ Support or by scanning a QR code with their phone where the NAGA Pay app is installed.
Email: If you have a question or need assistance, you can contact NAGA’s support team via email at [email protected]. The team aims to respond to all queries within 48 hours.
Help Center: NAGA’s Help Center is a great resource for finding answers to frequently asked questions. Users can find information on a variety of topics, including account setup, payments, and security.
Phone Lines: NAGA’s call center is available Monday to Friday, 9:00-18:00 GMT+2. Users can reach NAGA’s customer support team at the following numbers: +494074304609, +34955208135, +35725250075, and +442045380501.
NAGA Reviews - What Do Customers Say About NAGA?
NAGA has earned a reputation for its reliable and user-friendly trading platform, with positive feedback from its customers. NAGA’s rating on Trustpilot is 4.6/5 stars, based on over 2,000 customer reviews.
Users value the all-in-one platform, easy-to-navigate interface, and exceptional customer support. Many also praise the competitive fees and commission-free crypto trading.
However, there are occasional complaints about slow withdrawal times and glitches. Nevertheless, NAGA is widely recognized as a trusted provider of a comprehensive trading platform for modern investors.
Summary of NAGA Review: Is NAGA Worth It?
Now that our NAGA exchange review has come to an end and we have analyzed NAGA’s platform, customer reviews, and features, it’s safe to say that NAGA is worth considering for anyone looking for a comprehensive crypto trading platform. With an intuitive interface, professional tools, and excellent customer service, NAGA provides a user-friendly experience for both novice and experienced traders. Additionally, the ability to trade all popular assets in one place and the commission-free crypto trading make NAGA a competitive option in the market.
Is NAGA legit?
Yes, NAGA is a legit trading platform with a strong reputation in the industry. The company is fully regulated and licensed by EU financial regulators, providing users with peace of mind when it comes to their funds and personal information.
What can you trade on NAGA?
NAGA offers a wide range of trading instruments, including cryptocurrencies, forex, stocks, indices, and commodities.
Is trading with NAGA safe?
Yes, trading with NAGA is safe. The security of funds and private information is the main priority at NAGA, with all necessary security measures in place to ensure it’s one of the safest financial systems on the market. As previously mentioned in our NAGA review, all accounts on this exchange have optional Multi-Factor Authentication for increased security, a feature highly recommended to be enabled for all users.