Updated May 13 2022
Overview | |
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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 | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by |
![]() Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2015 | 2011 |
💳 Minimum Deposit | |
$250 | $25 |
💰 Payment Methods | |
💵 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 | |
📙 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 |