Skilling
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Vs.

NAGA
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75.63% of retail CFD accounts lose money.

Skilling Vs. NAGA - Compare and Choose the Right One

Updated May 13 2022

Visit

Your Capital is at risk.

Visit

75.63% of retail CFD accounts lose money.

Overview

Skilling is a multi-platform global broker founded in 2016 that specialises in CFD trading over several asset classes.

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 who want relatively straightforward, intuitive platforms with low commissions
  • Beginner traders who need assistance implementing first trades
  • 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

0

Other Licenses

2

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)
  • FSAS (Seychelles)
  • CySec (Cyprus)
The Good
  • Multiple intuitive platforms for traders with different levels of experience
  • Several payment methods for deposits and withdrawals
  • No commission for standard accounts
  • Trade Assistant tool is great for beginners opening their first trade
  • 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
  • Doesn’t allow deleveragred trading or customizable leverage
  • Charges commission on forex and spot metal trading for premium accounts 
  • Asset offering is not that comprehensive
  • 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
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity documents (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
2016 2015
💳 Minimum Deposit
$, €, £ - 100 (Standard, MT4), 5,000 (Premium, MT4 Premium) $250
💰 Payment Methods
  • Visa
  • Mastercard
  • Fasapay
  • Webmoney
  • PayRetailers
  • PayTrust
  • Pagsmile
  • Directa
  • NganLuong.vn
  • UnionPay
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • GiroPay
  • Klarna
  • EPS
  • Przelewy24
  • EuroBank
  • KB
💵 Account Base Currencies
5 - EUR, USD, GBP, NOK, SEK.

4 - EUR, GBP, USD, PLN.

🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, SY, IR.

US, CA, SY, IR.

📊 STP Account
Yes - depending on product traded, available liquidity and trade size No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets

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

  • Real Stocks and ETFs
  • CFDs on currencies, commodities, indices, futures, cryptocurrencies, stocks and ETFs.
📙 Stocks
762 700+
📘 Currency Pairs
73 80+
📗 Commodities
6 4
📕 Indices
18 20+
📔 ETFs
45 17
💸 Cryptocurrencies
34 37
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A 22
📝 Notes:

All of Skilling’s assets are CFDs

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

Trading Experience
📈 Minimum Stock Trade Size
Varies per share - From 0.1 shares (Fractional trading) Varies per Stock
📉 Minimum ETFs Trade Size
Varies per ETF (Eg: VanEck Gold Miners 0.1 unit, XLK 1 unit) Varies per ETF
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC) Varies per Cryptocurrency
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts) 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 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes 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, for cTrader, MT4 and MT4 Premium accounts No
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

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

💰 Commissions

Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60)

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

Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 120 Pips Dynamic - Market Spread
📈 GOLD
Dynamic - From 36 Pips Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
Dynamic - From $4.62 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From $0.84 Dynamic - Market Spread
📉 BTC
Dynamic - From $131.8 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

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