BlackBull Markets Vs. NAGA - Compare Trustworthiness, Capabilities, Fees and Legitimacy

BlackBull Markets is a global broker headquartered in New Zealand founded in 2014 that specialises in providing CFDs based on shares, commodities, currencies and indices.

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.

• Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips

• Beginners looking to explore copy and social trading in detail
• Passive investors looking to buy real stocks or ETFs

• FMA (New Zealand)
• FSAS (Seychelles)

• CySec (Cyprus)

• Competitive spreads in their ECN Prime account (From 0.1 Pips)
• Wide variety of platforms (MT4, MT5, TradingView and IBKR)
• Over 23,000 + shares

• 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

• Their standard asset offering is very low (over 300 instruments)
• Share trading requires a separate platform with a different onboarding
• Commissions are above average and share trading fees are a mystery

• 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

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• 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.

• Visa
• Mastercard
• Bank Transfer
• Neteller
• FasaPay
• China UnionPay
• Skrill

• Credit Cards
• Debit Cards
• Bank Transfers
• PayPal
• Skrill
• Neteller
• PaySafeCard
• GiroPay
• EPS
• Prezelewy24
• KB
• Euteller
• Neosurf
• MyBank

US, CA, SY, IR.

US, CA, SY, IR.

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

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

• ECN Standard has no fees.
• ECN PRIME has a $6 commission per lot round turn

In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.

Yes depending on asset (Eg: 0.99 € for real stocks in-and-out, $2.5 for Stock CFDs, etc)