NAGA is a relatively young but fast-growing online broker based in Cyprus, offering a unique blend of traditional trading and social investing. Regulated by CySEC (Cyprus Securities and Exchange Commission), NAGA provides access to a wide range of assets including forex, stocks, indices, cryptocurrencies, ETFs, and commodities—all accessible through a modern, feature-rich platform. What sets NAGA apart from many brokers is its strong focus on social trading, allowing users to follow, copy, and interact with other traders directly.

Platform & Usability

NAGA offers its own proprietary platform alongside the popular MetaTrader 4 and MetaTrader 5 suites. The custom NAGA platform is web-based, intuitive, and designed with social features at its core. It includes a social feed, copy trading tools, and direct messaging, making it ideal for traders who value community engagement. The mobile app is also well-designed, allowing for a seamless experience on the go.

Social Trading Features

NAGA’s standout feature is its Autocopy tool, which lets users automatically copy the trades of top-performing investors. This makes the platform especially attractive to beginners who want to participate without deep market expertise. Leaderboards, performance stats, and user profiles help users decide who to follow, though past performance does not guarantee future results.

Asset Range

With over 1,000 instruments, NAGA supports trading in forex, real stocks and CFDs, crypto, indices, commodities, and ETFs. Uniquely, users can invest in real stocks (not just CFDs), which adds flexibility for those with a long-term investing mindset. Crypto trading is also available 24/7, which is a plus for digital asset enthusiasts.

Fees & Spreads

NAGA offers competitive spreads and a transparent fee structure. Stock and ETF trading is commission-free for real shares, while CFD trading carries variable spreads. There are also withdrawal fees and inactivity fees, which should be considered depending on your trading habits.

Regulation & Safety

NAGA is regulated by CySEC, providing a solid level of oversight and investor protection, including segregated accounts and negative balance protection for retail traders.

Verdict

NAGA is an excellent option for traders interested in social trading and a diverse range of assets. With a strong community aspect, beginner-friendly tools, and access to both CFDs and real shares, it appeals to both new and experienced users. However, users should be mindful of extra fees and explore the social trading features with a critical eye.