Naga Broker Review For Africa In 2024

NAGA Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	CySEC
💰 Minimum Deposit	$250
💳 Deposit Options	Debit Card, Credit Card, Bank Wire, Sofort, Neteller, Skrill, Giropay, EPS, P24, Trustly, and NAGA Card.
💳 Withdrawal Options	Debit Card, Credit Card, Bank Wire, Sofort, Neteller, Skrill, Giropay, EPS, P24, Trustly, and NAGA Card.
📌Open an account	Start Trading with Naga

About Naga Forex

NAGA is an online forex broker and fintech company. It is a social investing network that offers innovative trading technology and access to trade over 500 assets. Founded in 2015, NAGA is the trademark of the ‘NAGA Group AG’. It has its head office in Germany and other offices across the world. Its shares are publicly traded on the Frankfurt Stock Exchange.

Trading Instruments

NAGA has over 15,000 financial assets for you to choose from including currency pairs, commodities, shares. indices, metals, energies, ETFs and cryptocurrencies.

• Forex: NAGA offers 40+ currency pairs including major, minor, and exotic forex pairs.
• Metals: They offer spot trading on gold and silver, as well as future trading on copper.
• Commodities: NAGA has trading on soft commodities such as Coffee, Corn, Soybean, and Wheat.
• Indices: They have cash CFD and futures trading on many popular indices.
• Energies: NAGA offers spot trading on Brent and WTI. They also offer future trading on gas.
• ETFs: They have 17 assets based on exchange-traded funds.
• Crypto: MAGA has Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Monero, Ripple, and more.

Account Types

NAGA does not offer the typical trading account structure. Instead, it offers trader levels. Your trader level determines your trading conditions and your trading support.

Iron Trader

This is their entry level status for new forex traders in Africa. It comes with plenty of helpful educational resources including market research, free webinars, and forex eBooks. You get access to their standard spreads (e.g. EURUSD 1.7) and there are no commissions. You also get the standard leverage. The minimum deposit is $250 and the withdrawal fee is $5.

Bronze Trader

This is the second available trading status. You get many helpful features including their trading signals, trade alerts, and copy trading tools. You also get their standard spreads (e.g. EURUSD 1.7) and there are no commissions. It also comes with the standard leverage. The minimum deposit is $2,500 and the withdrawal fee is $4.

Silver Trader

The Silver Trader status is a good choice for intermediate traders with more trading capital. You get more trading tools including additional daily trading signals. The status comes with their Silver spreads (e.g. EURUSD 1.2) and there are no commissions. It also comes with the standard leverage. The minimum deposit is $5,000 and the withdrawal fee is $3.

Gold Trader

The Gold Trader status is a great choice for advanced traders who have considerable trading capital. You get access to more trading resources and daily signals. You also get one-on-one tutoring. The status comes with their Gold spreads (e.g. EURUSD 0.9) and there are no commissions. You also get better compensation if other people copy your trade ideas. The minimum deposit is $25,000 and the withdrawal fee is $2.

Diamond Trader

The Diamond Trader status is a great choice for experienced traders. You get access to a wide range trading resources and daily signals. You also get access to one-on-one tutoring and their premium contents. The status comes with their Diamond spreads (e.g. EURUSD 0.7) and there are no commissions. The minimum deposit is $50,000 and the withdrawal fee is $1.

Crystal Trader

The Crystal Trader status is a good choice for professional traders with a large amount of capital. You get access to their range trading resources and daily signals. You also get unlimited one-on-one tutoring, access to their premium contents, and free profile boosts. The status comes with their Crystal spreads (e.g. EURUSD 0.7) and there are no commissions. You can also make up to $1.20 per copied trade. The minimum deposit is $100,000 and the withdrawal fee is $0.

Conclusion

NAGA is a global forex broker that offers innovative trading solutions and over 500 trading instruments. It provides charting tools, market sentiments, social trading, low trading fees and lightening fast trade executions. It also offers multiple trading platforms including MT4, MT5 and the NAGA Web app. With NAGA, you also get many tools to help you with your trading including market news, an economic calendar, price alerts, and much more, making it a great choice for all forex traders.

Ready to sign up? Register for an online trading account with NAGA.

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