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

CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.

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.

• Professional high volume traders looking to offset the cost of commissions through larger trades
• Intermediate and professional traders looking for a professional custom platform with customisable layouts

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

• ASIC (Australia)
• FCA (UK)
• IIROC (Canada)
• MAS (Singapore)
• BaFin (Germany)

• CySec (Cyprus)

• Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more
• Powerful professional platform with customisable layouts and integrated reuters feed

• 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

• High commissions on stocks and ETFs
• Platform is not beginner friendly

• 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
• Paypal

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

US, JP, SY, ZA, IR.

US, CA, SY, IR.

After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.

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

Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission. 

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