NAGA Vs. OctaFX - 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.	OctaFX is an international FX broker operating as an incorporated company from St. Vincent and the Grenadines specialising in currencies trading via MetaTrader 4 & 5.
Best For
Beginners looking to explore copy and social trading in detail Passive investors looking to buy real stocks or ETFs	Traders looking for a high leverage off-shore broker New traders looking to experiment using MT4 & 5 with a no commission low-cost broker
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus)	Not regulated, Registered in St. Vincent and the Grenadines under IBC 19776.
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	High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit
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	Despite having financial licenses, OctaFX does not operate using them, meaning that they are an unregulated broker. Their asset offering is extremely limited (80 instruments)
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	2011
💳 Minimum Deposit
$250	$25
💰 Payment Methods
Visa Mastercard Neteller Skrill GiroPay Klarna EPS Przelewy24 EuroBank KB	Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer
💵 Account Base Currencies
4 - EUR, GBP, USD, PLN.	2 - EUR, USD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA.
📊 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 currencies, commodities, indices and cryptocurrencies.
📙 Stocks
700+	N/A
📘 Currency Pairs
80+	35
📗 Commodities
4	5
📕 Indices
20+	10
📔 ETFs
17	N/A
💸 Cryptocurrencies
37	30
📒 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 OctaFX’s 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	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per Commodity	$1,000 (0.01 Lots)
📉 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 1:500
💪 Professional Leverage
Up to 1:500	N/A
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
Yes, from 0 to $5 depending on your account level.	No
💰 Commissions
Yes depending on asset (Eg: 0.99 € for stocks in-and-out)	No
Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips	Dynamic - From 0.6 Pips
📉 SP500
Dynamic - Market Spread	Dynamic - From 20 Pips
📈 GOLD
Dynamic - From 36 Pips	Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	N/A
📈 XLK (ETF - CFD)
Dynamic - Market Spread	N/A
📉 BTC
Dynamic - From $130	Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No