IG Vs. NAGA - Compare Trustworthiness, Capabilities, Fees and Legitimacy

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

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 traders looking to exploit their customisable platform and broad asset offering
• High volume traders that can offset their commission costs by trading in larger volumes

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

• ASIC (Australia)
• FMA (New Zealand)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

• CySec (Cyprus)

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

• 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

• There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
• Their standard contracts can be too large some times for low volume traders

• 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

SY, IR.

US, CA, SY, IR.

After 24 months of inactivity, IG charges an $18 monthly fee.

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

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

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