NAGA Vs. OctaFX - Compare and Choose the Right One

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.

• 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

• CySec (Cyprus)

• Not regulated, Registered in St. Vincent and the Grenadines under IBC 19776.

• 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

• 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)

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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
• Neteller
• Skrill
• GiroPay
• Klarna
• EPS
• Przelewy24
• EuroBank
• KB

• Visa
• Mastercard
• Maestro
• Skrill
• Neteller
• Bitcoin
• Ethereum
• USDT (Tether)
• Litecoin
• Dogecoin
• Bank Transfer

4 - EUR, GBP, USD, PLN.

US, CA, SY, IR.

• Real Stocks and ETFs
• CFDs on currencies, commodities, indices, futures, cryptocurrencies, stocks and ETFs.

CFDs on currencies, commodities, indices and cryptocurrencies.

NAGA provides either real stocks and ETFs along with CFDs on all major asset classes.

All of OctaFX’s assets are CFDs.

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

Yes depending on asset (Eg: 0.99 € for stocks in-and-out)