Updated Oct 20 2022
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Overview | |
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. |
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 | |
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Licenses | |
Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by |
Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
None |
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The Good | |
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The Bad | |
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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 | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2011 | 2015 |
💳 Minimum Deposit Range | |
$25 | $250 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
2 - EUR, USD. | 4 - EUR, GBP, USD, PLN. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA. |
US, CA, SY, IR. |
📊 STP Account | |
Yes | 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 | |
80 | 1,580 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 700 |
📙 Stock CFDs | |
0 | 700 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
35 | 80 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
5 | 4 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
10 | 20 |
📔 ETFs | |
0 | 0 |
📔 ETFs CFDs | |
0 | 17 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
30 | 37 |
📒 Bonds | |
0 | 0 |
📒 Bonds CFDs | |
0 | 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 | |
$1,000 (0.01 Lots) | Unavailable |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
$1,000 (0.01 Lots) | $1,000 (0.01 Lots) |
📉 Minimum Bonds Trade Size | |
Unavailable | Unavailable |
📈 Minimum Futures Trade Size | |
Unavailable | Unavailable |
📉 Minimum Options Trade Size | |
Unavailable | Unavailable |
💪 Retail Leverage | |
500 | 30 |
💪 Professional Leverage | |
Unavailable | 500 |
✍ Customisable Leverage | |
Yes | No |
🎲 Deleveraged Trading | |
Yes | 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 | |
No | Yes |
💻 Proprietary Platform | |
No | No |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | Yes |
👫 Social Trading | |
Yes | Yes |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | No | Fees |
💰 Inactivity Fee | |
None | None |
💰 Deposit Fees | |
None | None |
💰 Withdrawal Fees | |
None | Yes, from 0 to $5 depending on your account level. |
💰 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 0.6 Pips | Dynamic - From 1.7 Pips |
📉 SP500 | |
Dynamic - From 20 Pips | Dynamic - Market Spread |
📈 GOLD | |
Dynamic - From 180 Pips | Dynamic - From 36 Pips |
📉 TSLA (Stock CFD) | |
Unavailable | Dynamic - Market Spread |
📈 XLK (ETF - CFD) | |
Unavailable | Dynamic - Market Spread |
📉 BTC | |
Dynamic - From $57 | Dynamic - From $130 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | No |
📡 Reuters Feed | |
No | No |
📡 Educational Content | |
No | Yes |
📡 Live Chat Support | |
No | Yes |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
No | Yes |
📡 Webinars | |
No | No |