ETX Capital
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72.54% of retail CFD accounts lose money.

Vs.

NAGA
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75.63% of retail CFD accounts lose money.

ETX Capital Vs. NAGA - Compare and Choose the Right One

Updated May 13 2022

Visit

72.54% of retail CFD accounts lose money.

Visit

75.63% of retail CFD accounts lose money.

Overview

Founded in 1965, ETX Capital offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.

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
  • Forex traders for variety of currencies and high net worth equities
  • Traders seeking commission free equities inside their 250 commission-less selection
  • Traders who want to trade commodity futures and bonds 
  • Beginners looking to explore copy and social trading in detail
  • Passive investors looking to buy real stocks or ETFs
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (UK)
  • FSCA (South Africa)
  • CySec (Cyprus)
  • CySec (Cyprus)
The Good
  • Commission-free trades for 250 equities
  • Low minimum deposit to open standard account (100£)
  • Wide selection of commodity futures and bonds
  • Decent educational material for market research, including seminars on indices, commodities and currencies
  • 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
  • Doesn’t provide live news feed on standard account
  • No ability to purchase real stocks or ETFs (All assets are CFDs)
  • Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)
  • 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 documents (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.

📍 Year Founded
1965 2015
💳 Minimum Deposit
$, €, £ - 100 (Standard) and 10,000 (Premium) $250
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • UnionPay
  • Bank Transfer
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • GiroPay
  • Klarna
  • EPS
  • Przelewy24
  • EuroBank
  • KB
💵 Account Base Currencies
3 - EUR, USD, GBP

4 - EUR, GBP, USD, PLN.

🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, BE, CN, SG, CH

US, CA, SY, IR.

📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets
  • CFDs on currencies, bonds, indices, shares, ETFs, commodities and cryptocurrencies.
    • Real Stocks and ETFs
    • CFDs on currencies, commodities, indices, futures, cryptocurrencies, stocks and ETFs.
    📙 Stocks
    5,000 CFDs (250 are commission free) 700+
    📘 Currency Pairs
    60 80+
    📗 Commodities
    17 4
    📕 Indices
    20 20+
    📔 ETFs
    19 17
    💸 Cryptocurrencies
    5 37
    📒 Bonds
    8 N/A
    📓 Options
    N/A N/A
    📗 Futures
    45 22
    📝 Notes:

    ETX Capital offers CFDs, spread betting and futures.

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

    Trading Experience
    📈 Minimum Stock Trade Size
    1 Share Varies per Stock
    📉 Minimum ETFs Trade Size
    1 ETF Varies per ETF
    📈 Minimum Crypto Trade Size
    Varies by Cryptocurrency (Eg: 0.01 BTC) Varies per Cryptocurrency
    📉 Minimum FX Trade Size
    $1,000 (0.01 lots) $1,000 (0.01 Lots)
    📈 Minimum Commodities Trade Size
    Varies per commodity (Eg 0.1 for WTI, 1 for Cotton) Varies per Commodity
    📉 Minimum Bonds Trade Size
    1 unit N/A
    📈 Minimum Futures Trade Size
    Varies per futures contract (Eg: 0.1 Copper, 1 for Bonds) Varies per Future
    📉 Minimum Options Trade Size
    N/A 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
    No Yes
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No Yes
    💻 Proprietary Platform
    Yes Yes
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    Yes Yes
    👫 Social Trading
    Yes Yes
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes No
    Fees
    💰 Inactivity Fee
    No No
    💰 Deposit Fees
    No No
    💰 Withdrawal Fees
    No

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

    💰 Commissions

    Yes, depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)

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

    Spreads
    📈 EUR/USD
    Dynamic - From 0.6 Pips Dynamic - From 1.7 Pips
    📉 SP500
    Dynamic - From 60 Pips Dynamic - Market Spread
    📈 GOLD
    Dynamic - From 60 Pips Dynamic - From 36 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $13 Dynamic - Market Spread
    📈 XLK (ETF - CFD)
    N/A Dynamic - Market Spread
    📉 BTC
    Dynamic - Eg. $226.4 Dynamic - From $130
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    No Yes
    📜 Integrated Newsfeed
    No No
    📡 Reuters Feed
    No No

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