NAGA

The registration of an account is very simple. The entire process is done electronically and takes no more than 15 minutes. You will need to provide personal information and fill out an investment questionnaire. In the end, you will have to confirm your identity. To do this, you will need 2 personal documents that you will take pictures of and upload copies to the system. After registration, the client is immediately provided with a demo account, for which he does not even need to apply. You can also go straight to creating a real account and start trading and investing with real money.

Methods of deposit and withdrawal of funds, commission for these transactions

Naga-global supports all major bank cards (Visa, MasterCard, Maestro, Diners, Discover), bank transfers, and alternative payment methods such as e-wallets. Methods of payment may differ for each country, which methods are available for you can be found on the website of the company. You can deposit an account with any amount ranging from $250 to $10,000. There is no commission on the platform for depositing, but it is worth remembering that it may be charged by the bank or the wallet you use. Withdrawal of funds is also limited to a minimum of 50 dollars. For the withdrawal of funds applies a commission of 0 to 5 dollars, depending on the VIP level.

In February 2019, Naga global launched the NAGA Card, making it even easier for users to manage funds and pay for services or purchases using the NAGA MasterCard.

Assets that can be traded in Naga

The platform promises access to more than 950 market instruments and assets:

• Forex trading – among the currency pairs there are such popular ones as EUR/USD, EUR/GBP, GBP/USD, and others;
• Stocks – stocks are available from USA, UK, Germany, Netherlands, Spain, France, and Italy;
• Indices – SP500, NASDAQ, DAX, DJIA, etc.;
• Stock CFDs – Intel, Tesla, AMD, etc.;
• Cryptocurrency – the most famous cryptocurrencies can be traded in pairs, such as LTC/USD, BTC/USD, ETH/USD, etc.;
• Commodities – there are the most famous precious metals, energy, or grain;
• ETFs – world-renowned funds such as Vanguard TSM or iShares Global Energy;
• Futures – Nikkei 225, Nasdaq 100, etc.

Commission for trading with a broker

Before you start trading on a real account, you should read all the terms and conditions on the Naga global com. Commissions in Naga vary depending on whether you are going to buy cryptocurrencies, ETFs, stock trading, or Forex CFDs.

When trading Forex, cryptocurrencies, indices, futures, and commodities, the broker does not charge any commissions, except the spread.

When trading stocks, the commission is $0.99 to open a trade and $0.99 to close it, that is, the maximum commission per trade is $1.98.

In the case of ETFs, the commission of 0.1% on volume is charged for an in/out transaction + spread.

What gives you a VIP level upgrade?

The site has 6 levels, which increase automatically depending on the amount of deposit and the amount of profit. What changes depending on your level:

• Standard Spreads: 0.7-1.7 on EURUSD
• Copy Bonus all instruments: $0.12-$0.32 per copied trade
• Copy Bonus FX pairs: $0.50-$1.20 per copied trade
• Withdrawal fees: $0-$5

Types of trading platforms

Four platforms are available to traders:

MetaTrader 4: the FX Platform, which includes a huge number of instruments and supports algorithmic trading. MT4 can be installed on your desktop or cell phone. There is also a web version that does not need to be installed.

MetaTrader 5: a new version of the platform including more instruments. For example, unlike MT4, it offers real stocks.

Naga WebTrader: the platform supports all markets, allows copy traders, and provides trading signals.

Naga iOS/Android: the platform is almost the same and supports the same features as Naga WebTrader.

Trading with leverage

CFD contracts are traded on leverage. This means that clients finance only part of the order and the broker lends them the rest of the money. You can make money without a large deposit, but as your leverage increases, so does the risk of losing money. In the end, you will still need to repay the loan. The leverage for European accounts is up to:

• 1:30 – Forex Majors (EURUSD);
• 1:20 – Forex Minors(USDZAR), Cash Indices Major (Dax, US30), Cash Commodities – Gold;
• 1:10 – Cash Indices Minor (CAC, IBEX), Cash Commodities – Others (Oil, Silver), Future Commodities, Future Indices;
• 1:5 – Equites CFDs, ETFs ;
• 1:1 – cryptocurrencies.

Naga’s social trading conditions

Copy Trading is a tool that you can use to copy other traders. And it happens completely automatically and in real-time. Anyone who has a trading account with the Naga-global broker can choose from hundreds of other traders and start copying their trades. Every trade that will be made by a trader will also be made in your account. You can automatically copy everything another trader does, or adjust your Money Management a bit (set stop-loss limits or copy only a certain % of volume). From the hundreds of traders that Naga global offers for social trading, the trader can choose a suitable trader according to selected criteria, such as reported profit, copy success, number of copies, profitability, etc., within the chosen timeframe and location. It is also possible to get financial rewards from the Naga broker if you will be copied by other traders, the higher your VIP level, the higher percentage you will get.

Copy Trading is an attractive feature, especially for beginners. It’s easy to fall under the illusion that all you have to do is copy a few top traders and you are in business. But that’s not really how it works. You can read on the Naga global com that about 80% of retail customer accounts go into the red. So copying does not increase your chances of success enormously. Or maybe it doesn’t increase them at all.

NAGAX Cryptocurrency Exchange

The broker has its own cryptocurrency exchange NAGAX and its own digital currency NagaCoin. NagaCoin (NGC) is a proprietary digital currency of the NAGAX cryptocurrency exchange, which is mainly used to pay commissions. Unfortunately, the exchange has low liquidity, so the chances are very unfavorable. The Naga token has plummeted in value by as much as 94% since its release.

The exchange trades 30 cryptocurrencies such as Bitcoin, Ethereum, USD Coin, Solana, Polkadot, etc. Purchased cryptocurrencies can be stored by the user in the Naga global cryptocurrency wallet. There are stored both fiat currencies USD and EUR, as well as the aforementioned cryptocurrencies.

When purchasing, you can use a Market order, which will be executed immediately at the current price, or a Limit order, where you can also set the desired exchange rate. The limit order is then placed on the exchange and waits for a suitable counter offer. For each order, the exchange charges a commission of 0.4% (maker/taker). The commission can be reduced up to 0.05% if you have the required amount of NGCs on your balance.