Naga Markets review

Naga Markets

Naga Markets na one well-established international Forex and CFD (Contracts for Difference) broker wey dem start for 2009. Dis broker get license from the Cyprus Securities and Exchange Commission (CySEC) and dem dey obey the European Securities and Markets Authority (MiFID II) directives, wey dey ensure say dem comply with regulatory standards.

Naga Markets allow access to popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms na reliable well well, but if you wan trade different asset classes apart from forex, e good make you choose MT5. Dis platform na for trading not only currency pairs but also stocks, bonds, and futures. On the other hand, MT4 na mainly for currency pair trading. And apart from that, Naga Markets still offer app and web trading platform wey dem create, make trading easy for you.

You fit do hedging for MT4, so e go give traders more chance to flex for their trading strategies. Dem offer different ways wey you fit take reach their customer support, including live chat, email, and phone calls. Dem customer support team dey available 24/5 from Monday reach Friday, dey work from 07:30 am reach 02:00 am EEST.

Naga Markets support social trading, wey allow traders make dem share ideas and results for their social platform. Users fit turn into signal providers or dem fit even copy successful traders, so dem fit work together and enjoy better trading experience.

For the opening and verification of accounts, Naga Markets make everything digital and user-friendly, so make their clients onboard easily. But make you know say even though Naga Markets na global broker, dem get some countries wey dem no dey operate for. If your country of residence dey under global sanctions or if e get strict Forex trading regulations, you fit no fit open account with Naga Markets.

Overall, Naga Markets offer complete trading experience with better regulation, reliable platforms, social trading options, and customer support. Traders fit enjoy e user-friendly account opening process, but you need verify if your country of residence fit open account with dem.

Countries

Algeria, Andorra, Angola, Antigua and Barbuda +134 more

Regulations

CySEC

Account currencies

EUR, GBP, PLN, USD

Assets

CFDs on Stocks, ETFs, Energies, Futures, Indices, Precious metals, Soft Commodities, Stocks

Platforms

MT4, MT5, Custom

Deposit methods

Bank Transfer, Credit Card, iDeal, Multibanko, Neteller, PayPal, Paysafe, Sofort

Others

Segregated accounts, Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Micro Lots, Negative balance protection, PAMM, Part of compensation scheme, Provides webinars and seminars, Signals, Swap-free

Promos

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To cover the different wants and needs of traders, Naga Markets give access to six different account types, and each account get their own minimum deposit wahala. The account types range from the basic Iron account wey you go need deposit 250 USD, reach the high-tier Crystal account wey you go need deposit 100,000 USD. The conditions wey you go meet to trade fit plenty from one type of account to another.

For example, from Iron account level, you fit see spreads on EUR/USD wey start from 1.7 pips, but Crystal account holders go enjoy spreads wey start from 0.7 pips. Apart from spread wey don reduce, Crystal account holders still benefit from premium contests and beta profile increase so dem get extra advantage.

Naga Markets fit give traders leverage as high as 1000:1, so you go get chance to use better leverage ratio. Traders fit open account with different currencies like EUR, USD, GBP, NGC, and PLN. Better make you choose the account currency wey you dey always use so you no go dey pay charges for conversion.

This broker give better better access to different tradable instruments, wey include 49 currency pairs, 303 CFDs on Stocks, 370 shares, 33 crypto derivatives, 15 indices, and 5 commodities in precious metals and energies. Apart from that, Naga Markets still give chance to trade futures and ETFs (Exchange Traded Funds). No forget say crypto trading dey available 24/7, so you fit do cryptocurrency trading any time.

Overall, Naga Markets give better selection of account types wey get different trading conditions and benefits. Traders fit choose the account wey go best match their preference and trading goals. With access to different types of trading instrument and the chance to trade crypto any time, Naga Markets plenty opportunities for traders wey dey find different trading options.

FAQs about Naga Markets

Naga Markets na legit broker?

Naga Markets get license and dem dey regulate by the Cyprus Securities and Exchange Commission (CySEC). Apart from that, dem dey follow the Markets in Financial Instruments ('MiFID') directive 2004/39/EC, wey dem create to protect the interests of financial investors and traders wey dey European Union. Because Naga Markets get license from better better regulators, we fit tok say the broker go fit make mouth.

How much be Naga markets minimum deposit?

Naga Markets get 6 live account types, and the smallest deposit wey you fit put for each of the accounts no be the same. To open Iron account type, you go need deposit 250 USD. If you wan open VIP account type, make you prepare to deposit reach 100,000 USD. The one wey people like pass be the Gold account. To open the Gold account, you go need deposit 25,000 USD or more.

Naga na better better broker?

Naga Markets na normal ordinary broker. As dem get different different account types, and dem dey give access to over 1000 tradable instruments, but trading fees average wella, for example, pips wey Iron account holders go pay for EUR/USD start from 1.7.