Is NAGA a Scam? Regulation Check 2026
We ran NAGA through the kitchen inspection, looking up its licence in the official FSA register. Here is what the paperwork says.
Verdict
NAGA is NOT a scam. It cooks under FSA licence SD026, which clears it to serve trading in Singapore.
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 the FSA seal buys you
A FSA-regulated kitchen has to keep client money in its own segregated pot, offer negative balance protection, and open its books to independent audits. If something goes wrong, you can take your complaint straight to FSA.
What the FSA seal puts on your plate
- Your money kept in a segregated pot, walled off from NAGA's own capital
- Negative balance protection, so you can never lose more than you put on the table
- A direct line to FSA for complaints if NAGA will not put things right
- Regular independent audits of NAGA's books under FSA oversight
Frequently Asked Questions
Is NAGA a scam or legitimate?
NAGA is NOT a scam. It is authorised by FSA, one of the most respected inspectors in the business, and the authorisation is publicly verifiable on the official FSA register.
How do I check NAGA's FSA licence?
Open the official FSA website and use the public register search. Search the entity name; the entry will confirm NAGA's authorisation status and exactly what it is cleared to serve.
Are my funds safe with NAGA?
As a FSA-regulated kitchen, NAGA must keep every client's money in its own segregated pot, walled off from the firm's own funds. That shields your deposit even if NAGA runs into trouble.
What protection do I have as a NAGA client in Singapore?
In Singapore, NAGA sits under FSA supervision, so you get: segregated client money, negative balance protection (you can never lose more than is on the table), and the right to take a complaint straight to FSA.
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