NAGA Vs. BlackBull Markets - Compare and Choose the Right One


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Overview
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.	BlackBull Markets is a global broker headquartered in New Zealand founded in 2014 that specialises in providing CFDs based on shares, commodities, currencies and indices.
Best For
Beginners looking to explore copy and social trading in detail Passive investors looking to buy real stocks or ETFs	Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
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 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus)	FMA (New Zealand) FSAS (Seychelles)
The Good
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	Competitive spreads in their ECN PRIME account (From 0.1 Pips) MT4 & 5 platforms offered
The Bad
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	Their standard asset offering is very low (over 300 instruments) Share trading requires a separate platform with a different onboarding Commissions are above average and share trading fees are a mystery
Status
Operational	Operational
Recent News
N/A	N/A
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
2015	2014
💳 Minimum Deposit
$250	$200
💰 Payment Methods
Visa Mastercard Neteller Skrill GiroPay Klarna EPS Przelewy24 EuroBank KB	Visa Mastercard Bank Transfer Neteller FasaPay China UnionPay Skrill
💵 Account Base Currencies
4 - EUR, GBP, USD, PLN.	9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA, SY, IR.
📊 STP Account
No	Yes
📊 DMA Account
Yes	No
📊 ECN Account
No	Yes
Assets
📚 Available Assets
Real Stocks and ETFs CFDs on currencies, commodities, indices, futures, cryptocurrencies, stocks and ETFs.	CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks
700+	23,000 + (Through a separate option which is hard to find)
📘 Currency Pairs
80+	64
📗 Commodities
4	15
📕 Indices
20+	13
📔 ETFs
17	N/A
💸 Cryptocurrencies
37	8
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
22	N/A
📝 Notes:
NAGA provides either real stocks and ETFs along with CFDs on all major asset classes.	All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies per Stock	N/A
📉 Minimum ETFs Trade Size
Varies per ETF	N/A
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency	N/A
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per Commodity	N/A
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
Varies per Future	N/A
📉 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	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes (only for share trading)
📱 Android App
Yes	Yes (only for share trading)
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
💻 Web trader
Yes	Yes (MT4 & 5)
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	Yes (only for share trading)
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
Yes, from 0 to $5 depending on your account level.	Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.
💰 Commissions
Yes depending on asset (Eg: 0.99 € for stocks in-and-out)	ECN Standard has no fees. ECN PRIME has a $6 commission per lot round turn In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.
Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips	From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - Market Spread	From 5.5 Pips
📈 GOLD
Dynamic - From 36 Pips	From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Dynamic - Market spread
📉 BTC
Dynamic - From $130	N/A
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No