iFOREX Europe
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89.13% of retail CFD accounts lose money.

Vs.

NAGA
Visit

Majority of retail CFD accounts lose money.

iFOREX Europe Vs. NAGA - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

89.13% of retail CFD accounts lose money.

Visit

Majority of retail CFD accounts lose money.

Overview

iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs 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.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • 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

0

Other Licenses

1

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
  • CySec (Cyprus)
  • CySec (Cyprus)
The Good
  • Extremely simple platform designed for beginners with little needs
  • 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
  • High spreads on all of their instruments
  • Web and mobile platforms are slow and lack tools
  • Their FAQ database doesn’t effectively answer the most common questions any trader could have
  • 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

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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.

📍 Year Founded
2018 2015
💳 Minimum Deposit Range
$200 $250
💰 Payment Methods
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Credit Cards
  • Debit Cards
  • Bank Transfers
  • PayPal
  • Skrill
  • Neteller
  • PaySafeCard
  • GiroPay
  • EPS
  • Prezelewy24
  • KB
  • Euteller
  • Neosurf
  • MyBank
💵 Account Base Currencies
1 - EUR 4 - EUR, GBP, USD, PLN.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR, JP.

US, CA, SY, IR.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
584 1,580
Exchange Access
0 0
📙 Real Stocks
0 700
📙 Stock CFDs
400 700
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
50 80
📗 Commodities
0 0
📗 Commodities CFDs
19 4
📕 Indices
0 0
📕 Indices CFDs
32 20
📔 ETFs
0 0
📔 ETFs CFDs
42 17
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
41 37
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 22
Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value Unavailable
📉 Minimum ETFs Trade Size
$2,500 in trade value Unavailable
📈 Minimum Crypto Trade Size
$2,500 in trade value Unavailable
📉 Minimum FX Trade Size
$2,500 in trade value $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$2,500 in trade value $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
📺 cTrader
No No
💻 Web trader
Yes No
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes No
📊 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

iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.

None
💰 Deposit Fees
None None
💰 Withdrawal Fees

No for credit cards but yes for bank wires (up to $20).

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

💰 Commissions
None

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

Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - Market Spread
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips Dynamic - Market Spread
📉 BTC
Dynamic - From $120 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
📡 Educational Content
No Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No No
📡 Account Management
Yes Yes
📡 Webinars
Yes No