AvaTrade
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71% of retail CFD accounts lose money

Vs.

NAGA
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75.63% of retail CFD accounts lose money.

AvaTrade Vs. NAGA - Compare and Choose the Right One

Updated Jan 08 2022

Visit

71% of retail CFD accounts lose money

Visit

75.63% of retail CFD accounts lose money.

Overview

AvaTrade is a top-tier multinational broker with more than 7 financial regulators specialising in FX and options trading with their own proprietary platforms.

Naga is an international broker belonging to the NAGA Group A.G, a publicly listed company in the Frankfurt stock exchange. Their specialty is social and copy trading of both real stocks and ETFs along with CFDs on all major asset classes.

Best For
  • New traders looking for a more advanced forex and options platform
  • Experienced traders looking to take advantage of their fixed spreads
  • Experienced traders looking to trade FX options
  • Beginners looking to explore copy and social trading in detail
  • Passive investors looking to buy real stocks or ETFs
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The Good
  • AvaProtect feature for negative trades payback
  • Great variety of platforms (proprietary ones, MT4 & MT5)
  • Smooth platform experiences and easy account management
  • Custom Options trading platform
  • Gamified social trading platform full of features and very responsive
  • Independent services such as cryptocurrency wallet or Naga Pay which provides a debit card and banking functionality
The Bad
  • Lack of variety in stocks, ETFs and bonds
  • Expensive inactivity fees
  • No multi-chart tools
  • High trade minimums in all assets except forex
  • There is no way to easily understand which is the leverage factor being applied per asset
  • Asset offering is not that comprehensive when compared to similar competitors
  • An overall feeling of playing a game in a fun-app
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
  • ASIC (Australia)
  • FFAJ (Japan)
  • CBI (Ireland)
  • IIROC (Canada)
  • CySec (Cyprus)
  • FSA (South Africa)
  • ADGM (United Arab Emirates)
  • ISA (Israel)
  • CySec (Cyprus)
📍 Year Founded
2006 2015
💳 Minimum Deposit
$, €, £ - 100 $250
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • GiroPay
  • Klarna
  • EPS
  • Przelewy24
  • EuroBank
  • KB
💵 Account Base Currencies
4 - USD, GBP, EUR, CHF.

4 - EUR, GBP, USD, PLN.

🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, IR.

US, CA, SY, IR.

📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on stocks, cryptocurrencies, commodities, currencies, ETFs, indices, shares, options and bonds.

  • Real Stocks and ETFs
  • CFDs on currencies, commodities, indices, futures, cryptocurrencies, stocks and ETFs.
📙 Stocks
626 700+
📘 Currency Pairs
55 80+
📗 Commodities
27 4
📕 Indices
33 20+
📔 ETFs
59 17
💸 Cryptocurrencies
17 37
📒 Bonds
2 N/A
📓 Options
44 N/A
📗 Futures
N/A 22
📝 Notes:
Most of AvaTrade's assets are CFDs.

NAGA provides either real stocks and ETFs along with CFDs on all major asset classes.

Trading Experience
📈 Minimum Stock Trade Size
Depends on Stock price, from 1 to 10 or 100 units. Varies per Stock
📉 Minimum ETFs Trade Size
Depends on ETF price, from 1 to 10 or 100 units. Varies per ETF
📈 Minimum Crypto Trade Size
Depends on cryptocurrency, for BTC 0.01, for ETH 0.1 units. Varies per Cryptocurrency
📉 Minimum FX Trade Size
$1,000 $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 1 Troy ounce of Gold) Varies per Commodity
📉 Minimum Bonds Trade Size
10 Bond contracts N/A
📈 Minimum Futures Trade Size
N/A Varies per Future
📉 Minimum Options Trade Size
10,000 FX Option contracts N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee
Yes, $50 per quarter after 3 months of inactivity. No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes, from 0 to $5 depending on your account level.

💰 Commissions
No

Yes depending on asset (Eg: 0.99 € for stocks in-and-out)

Spreads
📈 EUR/USD
Dynamic - From 0.9 Pips Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 50 Pips Dynamic - Market Spread
📈 GOLD
Dynamic - From 34 Pips Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.92 Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
Dynamic - From $137.31 Dynamic - From $130
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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