IG
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79% of retail CFD accounts lose money.

Vs.

NAGA
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Majority of retail CFD accounts lose money.

IG Vs. NAGA - Compare and Choose the Right One

Updated Jan 20 2023

Visit

79% of retail CFD accounts lose money.

Visit

Majority of retail CFD accounts lose money.

Overview

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.

Best For
  • 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
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

8

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
  • ASIC (Australia)
  • FMA (New Zealand)
  • FCA (UK)
  • NFA (United States)
  • DFSA (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
  • BMA (Bermuda)
  • CySec (Cyprus)
The Good
  • 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
The Bad
  • 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
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
1974 2015
💳 Minimum Deposit Range
From $10 to $450. $250
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Credit Cards
  • Debit Cards
  • Bank Transfers
  • PayPal
  • Skrill
  • Neteller
  • PaySafeCard
  • GiroPay
  • EPS
  • Prezelewy24
  • KB
  • Euteller
  • Neosurf
  • MyBank
💵 Account Base Currencies
6 - AUD, EUR, GBP, HKD, SGD, USD. 4 - EUR, GBP, USD, PLN.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries

SY, IR.

US, CA, SY, IR.

📊 STP Account
No No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
Hybrid Hybrid
Total Asset Offering
35,227 1,580
Exchange Access
8 0
📙 Real Stocks
15,000 700
📙 Stock CFDs
15,000 700
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
80 80
📗 Commodities
0 0
📗 Commodities CFDs
37 4
📕 Indices
0 0
📕 Indices CFDs
76 20
📔 ETFs
2,000 0
📔 ETFs CFDs
2,000 17
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
15 37
📒 Bonds
0 0
📒 Bonds CFDs
19 0
📓 Options
0 0
📓 Options CFDs
1,000 0
📗 Futures
0 0
📗 Futures CFDs
0 22
Trading Experience
📈 Minimum Stock Trade Size
1/10 of Contract (5,000 Notional) Unavailable
📉 Minimum ETFs Trade Size
1/10 of Contract (5,000 Notional) Unavailable
📈 Minimum Crypto Trade Size
0.01 Contracts Unavailable
📉 Minimum FX Trade Size
1 Contract $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
1 Contract $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
1 Contract Unavailable
📈 Minimum Futures Trade Size
1 Contract Unavailable
📉 Minimum Options Trade Size
1 Contract Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
250 500
✍ 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
📺 cTrader
No No
💻 Web trader
Yes No
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

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

None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None

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

💰 Commissions

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)

Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 40 Pips Dynamic - Market Spread
📈 GOLD
Dynamic - From 30 Pips Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market Spread
📉 BTC
Dynamic - From $90 Dynamic - From $130
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No No
📡 Account Management
No Yes
📡 Webinars
Yes No