Oanda
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78.3% of retail CFD accounts lose money.

Vs.

NAGA
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Majority of retail CFD accounts lose money.

Oanda Vs. NAGA - Compare and Choose the Right One

Updated Oct 20 2022

Visit

78.3% of retail CFD accounts lose money.

Visit

Majority of retail CFD accounts lose money.

Overview

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

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.

Best For
  • Forex traders of all levels (from beginner to advanced)
  • Beginners looking to explore copy and social trading in detail
  • Passive investors looking to buy real stocks or ETFs
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

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
  • CFTC (U.S)
  • NFA (U.S)
  • ASIC (Australia)
  • FCA (UK)
  • MAS (Singapore)
  • IIROC (Canada)
  • FFAJ (Japan)
  • BVI (British Virgin Islands)
  • CySec (Cyprus)
The Good
  • High trustworthiness, regulated by the best regulators in the world
  • Fast, simple and professional trading platforms
  • Competitive spreads in their currency pairs
  • 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
The Bad
  • Extremely limited offering of assets (104)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • 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
Status
Operational Operational
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
1996 2015
💳 Minimum Deposit Range
0 $250
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Credit Cards
  • Debit Cards
  • Bank Transfers
  • PayPal
  • Skrill
  • Neteller
  • PaySafeCard
  • GiroPay
  • EPS
  • Prezelewy24
  • KB
  • Euteller
  • Neosurf
  • MyBank
💵 Account Base Currencies
9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. 4 - EUR, GBP, USD, PLN.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries

AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.

US, CA, SY, IR.

📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
107 1,580
Exchange Access
0 0
📙 Real Stocks
0 700
📙 Stock CFDs
0 700
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
68 80
📗 Commodities
0 0
📗 Commodities CFDs
13 4
📕 Indices
0 0
📕 Indices CFDs
16 20
📔 ETFs
0 0
📔 ETFs CFDs
4 17
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
0 37
📒 Bonds
0 0
📒 Bonds CFDs
6 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 22
Trading Experience
📈 Minimum Stock Trade Size
Unavailable Unavailable
📉 Minimum ETFs Trade Size
Unavailable Unavailable
📈 Minimum Crypto Trade Size
Varies by crypto (Eg: 0.01 BTC) Unavailable
📉 Minimum FX Trade Size
1 unit of any currency pair (Eg: 1 Euro, 1 USD, 1 GBP, etc) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
1 Bond Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
100 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 Web trader
Yes No
💻 TradingView Platform
Yes Yes
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

$10 after 1 year of inactivity.

None
💰 Deposit Fees
None

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

💰 Withdrawal Fees

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

None
💰 Commissions
None

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

Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 30 Pips Dynamic - Market Spread
📈 GOLD
Dynamic - From 26 Pips Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable Dynamic - Market Spread
📉 BTC
Dynamic - From $100 Dynamic - From $130
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No No
📡 Account Management
No Yes
📡 Webinars
No No