NAGA
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75.63% of retail CFD accounts lose money.

Vs.

RoboForex
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74-89% of retail CFD accounts lose money.

NAGA Vs. RoboForex - Compare and Choose the Right One

Updated May 13 2022

Visit

75.63% of retail CFD accounts lose money.

Visit

74-89% of retail CFD accounts lose money.

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.

RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.

Best For
  • Beginners looking to explore copy and social trading in detail
  • Passive investors looking to buy real stocks or ETFs
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
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

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • IFSC (International Financial Services Commission of Belize)
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
  • Comprehensive asset offering with more than 13,000+ instruments
  • Great platform variety (MT4, MT5, cTrader and their own proprietary platforms)
  • Custom account types with spreads from 0 pips
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
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
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 2009
💳 Minimum Deposit
$250 $10
💰 Payment Methods
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • GiroPay
  • Klarna
  • EPS
  • Przelewy24
  • EuroBank
  • KB
  • Visa
  • Mastercard
  • JCB
  • AstroPay
  • Skrill
  • Neteller
  • Perfect Money
  • AdvCash
  • NganLuong Wallet
  • Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies

4 - EUR, GBP, USD, PLN.

4 - USD, EUR, CNY, GOLD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR.

US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

📊 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, stocks, indices, ETFs and cryptocurrencies

📙 Stocks
700+ 12,000+
📘 Currency Pairs
80+ 40+
📗 Commodities
4 100+
📕 Indices
20+ 50+
📔 ETFs
17 1,000+
💸 Cryptocurrencies
37 16
📒 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 RoboForex’s assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies per Stock

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📉 Minimum ETFs Trade Size
Varies per ETF

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📈 Minimum Crypto Trade Size
Varies per Cryptocurrency

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📉 Minimum FX Trade Size
$1,000 (0.01 Lots)

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📈 Minimum Commodities Trade Size
Varies per Commodity

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 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 1:2000
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes No
🔑 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.

Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)

💰 Commissions

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

Yes depending on account type (eg: for ECN accounts there are commissions up to $20).

Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips

Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average

📉 SP500
Dynamic - Market Spread Dynamic - Market Spread
📈 GOLD
Dynamic - From 36 Pips Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market Spread
📉 BTC
Dynamic - From $130 Dynamic - From $220
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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