NAGA Vs. OvalX - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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.

OvalX (formerly ETX Capital) offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.

• Beginners looking to explore copy and social trading in detail
• Passive investors looking to buy real stocks or ETFs

• Forex traders for variety of currencies and high net worth equities
• Traders seeking commission free equities inside their 250 commission-less selection
• Traders who want to trade commodity futures and bonds 

• CySec (Cyprus)

• FCA (UK)
• FSCA (South Africa)
• CySec (Cyprus)

• 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

• Commission-free trades for 250 equities
• Low minimum deposit to open standard account (100£)
• Wide selection of commodity futures and bonds
• Decent educational material for market research, including seminars on indices, commodities and currencies

• 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

• Doesn’t provide live news feed on standard account
• No ability to purchase real stocks or ETFs (All assets are CFDs)
• Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)

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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.

• Credit Cards
• Debit Cards
• Bank Transfers
• PayPal
• Skrill
• Neteller
• PaySafeCard
• GiroPay
• EPS
• Prezelewy24
• KB
• Euteller
• Neosurf
• MyBank

• Visa
• Mastercard
• Maestro
• Skrill
• UnionPay
• Bank Transfer

US, CA, SY, IR.

US, BE, CN, SG, CH.

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

Yes depending on asset (Eg: 0.99 € for real stocks in-and-out, $2.5 for Stock CFDs, etc)

Depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)