NAGA
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Majority of retail CFD accounts lose money.

Vs.

Vestle
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89.13% of retail CFD accounts lose money.

NAGA Vs. Vestle - Compare and Choose the Right One

Updated Jul 12 2022

Visit

Majority of retail CFD accounts lose money.

Visit

89.13% 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.

Vestle was a brand part of the iForex Group that specialised in CFD trading and offered over 600 different financial instruments. Currently they're no longer operative and have rebranded themselves to iFOREX Europe.

Best For
  • Beginners looking to explore copy and social trading in detail
  • Passive investors looking to buy real stocks or ETFs
  • Beginner traders with little to no experience looking to test a simple platform
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)
  • CySec (Cyprus)
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
  • Extremely simple platform designed for beginners with little needs
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
  • High spreads on all of their instruments
  • Web and mobile platforms are slow and lack tools
  • Their FAQ database doesn’t effectively answer the most common questions any trader could have
Status
Operational Inactive
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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 2018
💳 Minimum Deposit
$250

200 € (But it can change at their discretion)

💰 Payment Methods
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • GiroPay
  • Klarna
  • EPS
  • Przelewy24
  • EuroBank
  • KB
  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies

4 - EUR, GBP, USD, PLN.

1 - EUR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR.

US, CA, SY, IR, JP.
📊 STP Account
No Yes
📊 DMA Account
Yes No
📊 ECN Account
No No
Assets
📚 Available Assets
  • Real Stocks and ETFs
  • CFDs on currencies, commodities, indices, futures, cryptocurrencies, stocks and ETFs.

CFDs on currencies, commodities, indices, shares, ETFs and cryptocurrencies

📙 Stocks
700+ 400+
📘 Currency Pairs
80+ 50+
📗 Commodities
4 19
📕 Indices
20+ 32
📔 ETFs
17 42
💸 Cryptocurrencies
37 41
📒 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 Vestle’s assets are CFDs yet they do provide a “No Leverage” tab with a few assets under 1:1 conditions for traders that do not wish to expose themselves to the risk.

Trading Experience
📈 Minimum Stock Trade Size
Varies per Stock $2,500 in trade value
📉 Minimum ETFs Trade Size
Varies per ETF $2,500 in trade value
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency $2,500 in trade value
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $2,500 in trade value
📈 Minimum Commodities Trade Size
Varies per Commodity $2,500 in trade value
📉 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 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee
No

Vestle charges an inactivity fee of $15 for every quarter of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees

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

No for credit cards but yes for bank wires (up to $20).

💰 Commissions

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

No
Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips Dynamic - From 0.7 Pips
📉 SP500
Dynamic - Market Spread Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 36 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $3
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - From 30 Pips
📉 BTC
Dynamic - From $130 Dynamic - From $120
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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