Is NAGA a Scam? Regulation Check 2026
We checked NAGA's licence in the official FSA register. Here is what the public records say.
Verdict
NAGA is NOT a scam. It holds FSA licence SD026, authorising it to offer trading services in India.
How to verify on the official register
| Regulator | FSA FSA Seychelles Financial Services Authority (FSA) |
| Licence Number | SD026 |
| Regulated Entity | NAGA Global Ltd |
| Founded | 2015 |
| Listed | XETRA:N4G — publicly audited |
What FSA regulation means
FSA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FSA directly.
What FSA regulation means for your money
- Client funds held in segregated bank accounts, separate from NAGA's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with FSA if NAGA fails to resolve your issue
- NAGA submits to regular independent financial audits under FSA oversight
Frequently Asked Questions
Is NAGA a scam or legitimate?
NAGA is NOT a scam. It holds FSA licence number SD026. FSA is one of the world's most respected financial regulators. The licence is publicly verifiable in the FSA official register.
How do I check NAGA's FSA licence?
Go to the official FSA website and use the public register search. Search for licence number SD026 or the entity name. The record will confirm NAGA's authorisation status and the scope of its permissions.
Are my funds safe with NAGA?
As an FSA-regulated broker, NAGA must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if NAGA encounters financial difficulties.
What protection do I have as a NAGA client in India?
In India, NAGA operates under FSA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FSA.
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