Saxo Bank
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69% of retail CFD accounts lose money.

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NAGA
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Majority of retail CFD accounts lose money.

Saxo Bank Vs. NAGA - Compare and Choose the Right One

Updated Jul 12 2022

Visit

69% of retail CFD accounts lose money.

Visit

Majority of retail CFD accounts lose money.

Overview

Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.

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
  • Professional investors looking to trade a variety of markets
  • High net worth traders or investors
  • 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

0

Provided by
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Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • HKMA (Hong Kong)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • AFM (Netherlands)
  • CySec (Cyprus)
The Good
  • Exceptional selection of financial instruments at one place
  • 2 highly-customizable proprietary trading platforms
  • API integration for 3rd party services like Excel or TradingView
  • 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
  • High minimum deposit for certain countries
  • Withdrawals via bank transfer only
  • High fees on options and futures
  • 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
4 Days 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
1992 2015
💳 Minimum Deposit
From 500 € to 2,000 € depending on residence $250
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • GiroPay
  • Klarna
  • EPS
  • Przelewy24
  • EuroBank
  • KB
💵 Account Base Currencies
26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR

4 - EUR, GBP, USD, PLN.

🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US,BR,ES,IN,KE,MX,NG,PK,ZA

US, CA, SY, IR.

📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • Real stocks, ETFs, bonds and options.
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.
  • Real Stocks and ETFs
  • CFDs on currencies, commodities, indices, futures, cryptocurrencies, stocks and ETFs.
📙 Stocks
30,000+ 700+
📘 Currency Pairs
182 80+
📗 Commodities
19 (CFDs) 4
📕 Indices
29 (CFDs) 20+
📔 ETFs
5,400+ 17
💸 Cryptocurrencies
9 37
📒 Bonds
5,000+ N/A
📓 Options
3,000+ N/A
📗 Futures
300+ 22
📝 Notes:
N/A

NAGA provides either real stocks and ETFs along with CFDs on all major asset classes.

Trading Experience
📈 Minimum Stock Trade Size
N/A Varies per Stock
📉 Minimum ETFs Trade Size
N/A Varies per ETF
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC) Varies per Cryptocurrency
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A Varies per Commodity
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A Varies per Future
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:66 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
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes (through API) Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

Up to $150 after 6 months of inactivity, £25 after one quarter in the UK

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

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

💰 Commissions

$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract

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

Spreads
📈 EUR/USD
0.8 Pips average - 0.4 for VIPs Dynamic - From 1.7 Pips
📉 SP500
N/A Dynamic - Market Spread
📈 GOLD
N/A Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
N/A Dynamic - From $130
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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