NAGA Review 2026
The full NAGA write-up for Denmark traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Denmark
| Regulator | CySEC CySEC, Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 204/13 |
| Regulated Entity | NAGA Markets Europe Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $250 |
| EUR/USD Spread | From 0.7 pips |
| Instruments | 950+ |
| Platforms | NAGA Platform, MT4, MT5 |
| Copy Trading | ✓ |
| Real Stocks | ✓ |
| Inactivity fee | Inactivity fee: EUR10/month after 3 months |
| Verify on CySEC register → | 204/13 |
Verdict
Cooks under CySEC (licence 204/13). Cover charge $250. In Denmark, forex leverage is capped at 1:30.
About NAGA
NAGA opened its doors in 2015 out of a kitchen in Hamburg, Germany. Its menu runs to 950 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. NAGA trades publicly on the XETRA:N4G. It holds licences across several jurisdictions, with the head licence carried by NAGA Markets Europe Ltd under CySEC.
In Denmark, NAGA serves as NAGA Markets Europe Ltd, cleared by CySEC under licence number 204/13. Under CySEC house rules, Denmark traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- CySEC regulated, licence 204/13
- 950+ instruments to trade
- Negative balance protection in Denmark
- Platforms: NAGA Platform, MT4, MT5
- Copy trading available
- Real stock ownership (not CFD)
- Established in 2015, over a decade in the market
- Publicly listed (XETRA:N4G), subject to stock-exchange disclosure rules
Cons
- Inactivity fee: EUR10/month after 3 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
Frequently Asked Questions
Is NAGA regulated?
Yes. NAGA is authorised by CySEC, issued to the entity NAGA Markets Europe Ltd, an authorisation you can look up for yourself on the official CySEC public register.
What is the minimum deposit for NAGA in Denmark?
The cover charge is $250, the smallest amount Denmark traders need to open a live account with NAGA under CySEC rules.
What leverage does NAGA offer in Denmark?
In Denmark, CySEC rules cap NAGA at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is NAGA safe to trade with?
The kitchen passes inspection: NAGA cooks under CySEC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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