NAGA Review 2026
A licensed kitchen with real, checkable paperwork.
NAGA opened its doors in 2015 and cooks as a regulated CFD broker, carrying CySEC licence 204/13.
What's on the menu
NAGA has been serving since 2015, with the kitchen based in Hamburg, Germany. Its shares trade publicly under the ticker XETRA:N4G. The order book runs deep: 950 CFD instruments spanning forex, indices, commodities and crypto. Beyond the CFD menu, you can also own real shares outright.
MetaTrader comes plated on every account type. A copy-trading table lets you mirror another trader's orders automatically, no recipe of your own required.
| Founded | 2015 |
| Headquarters | Hamburg, Germany |
| Instruments | 950+ |
| Platforms | NAGA Platform, MT4, MT5 |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | Yes |
| Real stocks | Yes |
Kitchen inspection: 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 |
Want to inspect the kitchen yourself? Pull up www.cysec.gov.cy and look up the CySEC licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
NAGA - CySEC regulated, min deposit $250, 950+ instruments.
Ingredient costs: NAGA spreads
Here is what the raw ingredients cost on a standard NAGA account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| 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 |
That EUR/USD figure of 0.7 pips pips is a fair price to pay on a commission-free account.
The bill: NAGA withdrawal fee and timing
Cost to take money out: None. NAGA does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at NAGA depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of 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 kitchens hold real licences, so neither is a bad table. Pull up a chair at NAGA if you value copy trading and following other traders. IC Markets plates up better for anyone who leans on leaner spreads.
The licences, line by line
| CySEC | 204/13, NAGA Markets Europe Ltd |
| FSA | SD026, NAGA Global Ltd |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:30 on the major forex pairs. The offshore entity will pour up to 1:500, but that comes with a lighter seal of protection.
What tastes good, what leaves a bad aftertaste
Cooked well
- CySEC regulated, NAGA Markets Europe Ltd
- MetaTrader 4 and 5 available
- Copy trading available
- Real stock ownership available
Sent back
- Inactivity fee: $10/month after 3 months
- Higher minimum deposit of $250
- High leverage only via offshore entity
Compare NAGA before you commit
4.0/5 rating - CySEC regulated - min deposit $250
The verdict
Nothing on the plate here is fake: NAGA is a genuine, regulated broker, and CySEC licence 204/13 checks out on the public register. The table is set best for social traders who like to follow the chef. We rate it 4.0 out of 5.
Other tables worth a look
If NAGA is not quite to your taste, these regulated kitchens are worth comparing:
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. The kitchen holds CySEC licence 204/13, and you can confirm it for yourself on the official register.
What is the NAGA minimum deposit?
The cover charge is $250 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the NAGA EUR/USD spread?
On a standard NAGA account the EUR/USD ingredient runs about 0.7 pips pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
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. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.