NAGA Fees, Spreads and Commissions Reviewed ☑️ (2023)

NAGA standard account spreads start from 1.0 pips and do not charge any commissions. NAGA doesn’t charge any account fees, while deposits and withdrawals are free of charge depending on the minimum deposit amount and tier selected by traders on live accounts

NAGA at a Glance

NAGA Fees, Spreads & Commissions – 7 key points quick overview:

1. ✔️ NAGA at a Glance
2. ✔️ NAGA Fees and Spreads
3. ✔️ NAGA Additional Trading Fees
4. NAGA Broker Fees
5. NAGA Pros and Cons
6. NAGA Conclusion
7. Frequently Asked Questions

NAGA Fees and Spreads

Traders with Naga can expect the following spread list:

• Spreads will vary depending on the instrument traded, but major currency pairs such as EUR/USD will average at around 2.8 pips. These are not very competitive at all, with many other brokers offerings spreads as low as 0.5 pips.
• Commissions are also charged at 3.33% on some currency pairs, the full list of which can be viewed on the Naga website.
• Overall, Naga does not provide a very competitive pricing offer when compared to many other brokers in the industry.

NAGA Additional Trading Fees

Naga charges swap fees, also referred to as overnight fees, on positions held open overnight. These accrue as interest which can be either debited from or credited to the trader, depending on the nature of the position.

A swap-free account is offered by Naga to traders of the Muslim faith, for whom this type of interest is prohibited by not Sharia law.

Naga also has copy-trading fees, charged at a fixed rate of €0.50. Added to this, 5% is applied to trades with a profit equal to or larger than €5.

There are no deposit fees charged by Naga, but traders are charged a withdrawal fee of EUR on all withdrawal methods.

NAGA Broker Fees

Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.

As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

As Naga is not a spread betting broker, so spread betting fees will not apply.

NAGA Pros and Cons

NAGA Conclusion

NAGA standard account spreads start from 1.0 pips and do not charge any commissions. NAGA doesn’t charge any account fees, while deposits and withdrawals are free of charge depending on the minimum deposit amount and tier selected by traders on live accounts

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Frequently Asked Questions

Does NAGA charge deposit and withdrawal fees?

No deposit fees are charged. Withdrawal fees depend on the payment method used.

Will I have to pay a fee if my NAGA account is inactive?

No, NAGA does not charges any inactivity fees on their accounts.

How many instruments can I trade with Naga?

Naga offers a comprehensive selection of instruments under the following asset classes:

• Forex – 48 major, minor and exotic currency pairs i.e. GBPUSD and AUDJPY
• Cryptocurrencies – 27 cryptocurrencies i.e. BTC, ETH, LTC and XRP
• CFDs – 400+ stock CFDs i.e. Ford, General Mills and Tesla
• Commodities – 7 commodities i.e. Oil, Copper and Wheat
• Indices – 19 global indices i.e. S&P500, UK100 and US30
• Stocks – 400+ stocks i.e. Apple, Coca Cola and Netflix
• Futures – 12 futures i.e. FTSE100, JAP225 and DE30
• ETFs – 17 ETFs i.e. DIA, EEM and GSG

Does Naga offer leverage?

Yes, variable leverage is offered depending on the instrument traded, as follows:

• Commodities (excluding gold) – 1:10
• Major futures indices – 1:20
• Futures commodities – 1:10
• Major forex pairs – 1:30
• Minor forex pairs – 1:20
• Other futures – 1:10
• Major indices – 1:20
• Minor indices – 1:10
• Stocks – 1:5
• Crypto – 1:1
• Gold – 1:20
• ETFs – 1:5

What spreads can I expect with Naga?

Spreads will vary depending on the instrument traded, but for major currency pairs such as EUR/USD will average at around 2.8 pips. These are not very competitive at all, with many other brokers offerings spreads as low as 0.5 pips.

Does Naga charge commission?

Yes. These are charged at 3.33% on some currency pairs, the full list of which can be viewed on the Naga website.

Is Naga regulated?

Yes. Naga is highly regulated by two reputable regulatory agencies, namely the Financial Conduct Authority (FCA), and the Cypress Securities and Exchange Commission (CySEC).

Naga’s infrastructure is stationed privately across multiple cloud systems with multi-level backups done on a regular basis.

Added to this, the broker makes use of extensive firewalls and load balancers to establish network security and best accessibility while also relying on exclusive security support.

Featured SA Shares Writer and Forex Analyst.