NAGA Review 2026
The full NAGA write-up for Ukraine traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Ukraine
| Regulator | FSA FSA, Seychelles Financial Services Authority (FSA) |
| Licence Number | SD026 |
| Regulated Entity | NAGA Global Ltd |
| Max Leverage (Forex) | 1:500 |
| 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 |
Verdict
Cooks under FSA (licence SD026). Cover charge $250. In Ukraine, forex leverage is capped at 1:500.
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 Global Ltd under FSA.
In Ukraine, NAGA serves as NAGA Global Ltd, cleared by FSA under licence number SD026. Under FSA house rules, Ukraine traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- FSA regulated, licence SD026
- 950+ instruments to trade
- Negative balance protection in Ukraine
- 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 FSA, issued to the entity NAGA Global Ltd, an authorisation you can look up for yourself on the official FSA public register.
What is the minimum deposit for NAGA in Ukraine?
The cover charge is $250, the smallest amount Ukraine traders need to open a live account with NAGA under FSA rules.
What leverage does NAGA offer in Ukraine?
In Ukraine, FSA rules cap NAGA at 1:500 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 FSA. 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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