NAGA Review 2026
Regulated broker with real licence numbers.
NAGA is a regulated CFD broker founded in 2015. It holds a CySEC licence under number 204/13.
The basics
NAGA was founded in 2015 and is headquartered in Hamburg, Germany. It is publicly listed under the ticker XETRA:N4G. The broker offers CFDs on 950 instruments across forex, indices, commodities, and crypto. Real stock ownership is available in addition to CFDs.
MetaTrader is available on all account types. Copy trading lets you replicate the positions of other traders automatically.
| Founded | 2015 |
| Headquarters | Hamburg, Germany |
| Instruments | 950+ |
| Platforms | NAGA Platform, MT4, MT5 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | Yes |
| Real stocks | Yes |
Is NAGA safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client.
| Regulator | Licence | Entity |
|---|---|---|
| CySEC | 204/13 ✓ | NAGA Markets Europe Ltd |
| FSA | SD026 ✓ | NAGA Global Ltd |
You can verify the CySEC licence at www.cysec.gov.cy. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
NAGA spreads
These are the typical spreads on NAGA's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.7 pips pips |
| GBP/USD | 1.0 pips pips |
| USD/JPY | 0.8 pips pips |
| Gold (XAU/USD) | 22c/oz |
| S&P 500 | 0.5pt |
NAGA's EUR/USD spread of 0.7 pips pips is competitive for a retail broker without a per-trade commission.
NAGA withdrawal fee and processing time
Fee: None. NAGA does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
NAGA minimum deposit by entity
The minimum deposit depends on which NAGA entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| NAGA Markets Europe Ltd | CySEC 204/13 | $250 | 1:30 |
| NAGA Global Ltd | FSA SD026 | $250 | 1:500 |
NAGA vs IC Markets
| NAGA | IC Markets | |
|---|---|---|
| Primary regulator | CySEC 204/13 | ASIC 335692 |
| Min deposit | $250 | $200 |
| EUR/USD spread | 0.7 pips pips | 0.8 (std) / 0.02 (raw) pips |
| MetaTrader | Yes | Yes |
| Instruments | 950+ | 2,250+ |
| Copy trading | Yes | No |
| Withdrawal fee | None | None |
Both brokers are regulated and legitimate. NAGA suits traders who value copy trading and social features. IC Markets is better for traders who prioritise tighter spreads.
Regulation — the numbers that matter
| CySEC | 204/13 — NAGA Markets Europe Ltd |
| FSA | SD026 — NAGA Global Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- CySEC regulated — NAGA Markets Europe Ltd
- MetaTrader 4 and 5 available
- Copy trading available
- Real stock ownership available
What does not work
- Inactivity fee: $10/month after 3 months
- Higher minimum deposit of $250
- High leverage only via offshore entity
The verdict
NAGA is a legitimate, regulated broker. The CySEC licence number 204/13 is verifiable on the public register. It is best suited for social and copy traders. Rating: 4.0 out of 5.
Alternatives to NAGA
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Frequently asked questions
Is NAGA safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client. NAGA holds CySEC licence 204/13, which is publicly verifiable on the official register.
What is the NAGA minimum deposit?
The minimum deposit is $250. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the NAGA EUR/USD spread?
The EUR/USD spread on NAGA standard accounts is typically 0.7 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does NAGA take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does NAGA charge withdrawal fees?
None. NAGA does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does NAGA have MetaTrader?
Yes. NAGA supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.