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NAGA Markets

Cyprus|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|

https://nagamarkets.eu/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
NagaCapitalLtd-Demo MT4
Server Location United States

Contact

+44 20 3966 4543
support@nagamarkets.com,payments@nagamarkets.com
https://nagamarkets.eu/
First Floor, First St. Bank Ltd Building, James Street, Kingstown, VC0100, Saint Vincent & the Grenadines。

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 20 3966 4543

Other ways of contact

Broker Information

More

Company Name

NAGA Markets LTD

Abbreviation

NAGA Markets

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 204/13) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

NAGA Markets · WikiFX Survey

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NAGA Markets · Company Summary

General Information & Regulation

NAGA Markets is a trademark of the NAGA Group AG, a german based Fintech company publicly listed on the Frankfort Stock Exchange which has been s providing services on currency pair markets on since 2015. NAGA Markets is currently authorized and licensed by the Cryprus Securities and Exchange commission, with the registration number 204/13.

Market Instruments

Tradable financial products offered by NAGA Markets include forex currency pairs, Real stocks, indices, stock CFDs, Cryptocurrency, Commodities, ETFs.

Minimum Deposit

There are six account options on offer on NAGA Markets platform: the Iron account (the minimum deposit of $250), Bronze account (the minimum deposit of $2500), the Silver Account (the minimum deposit of $5,000), the Gold account (the minimum deposit of $25,000), the Diamond account (the minimum deposit of $50,000) and the Crystal Account (the minimum deposit of $100,000).

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Leverage

NAGA Markets, as an European broker, the company offering fully complies with the EMSA regulation, so the maximum trading leveage available is up to 1:30. However, the professional traders can apply the higher leverage after the status is confirmed.

Spreads & Commission

When it comes to spread in these different accounts, the standard spreads in Iron, Bronze and Silver account all start from 1.7 (EURUSD), standard spread for the Gold account from 1.2 pips, for the Diamond Account from 0.9 pips, and for the Crystal account from 0.7 pips. There is also commission reduced for all six accounts, for example, the commission reduced for the first three accounts on stock CFDs is 0.20%, and commission on stock CFDs for the Gold, Diamond, and Crystal account can be reduced by 0.10%.

Trading Platform Available

What is worth to be mentioned is that NAGA Markets give investors several options of trading platform, including NAGA Web, iOSApp, Android App, as well as the widely used MetaTrader 4 & 5.

Deposits & Withdrawals

NAGA Markets official website shows that it accepts over 20 payments methods for investors to fund their accounts. These payments methods are Visa, Mastercard, Maestro (credit or debit), Wire transfer, popular e-wallet like Neteller, skrill, Giropay, Sofort, Trustly, and some crypto currency wallet (Bitcoin, Ethereum, NAGA Coin, etc).

Customer Support

NAGA Markets provide 24/5 customer support via online chat, telephone and email. The customer support team are available to answer traders' questions, help them with any issues that they may have as well as listening to feedback to ensure they keep adding more relevant tools and features to enhance the overall social trading experience. A help centre is also here that covers a wide range of common support queries. NAGA Markets provide contact telephone numbers from multiple countries across the globe.

Accepted Regions

NAGA Markets do not establish accounts to residents of certain jurisdictions such as the USA, Japan, Canada, Belgium, Cuba, Iran, Iraq, Syria and North Korea. Their services are not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.

User Reviews

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想飞上天和太阳肩并肩
more than one year
This hateful company! I made deposits very fast and when I tried to withdraw they charged me exorbitant fees. What a robbery!
2023-02-23 11:37
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0
0
你好,李先生
more than one year
This platform is one of the worst I've seen. They took money from my card to fund the account, but they won't let me withdraw using this card or my bank account, even though I've given them all the necessary paperwork.
2022-12-20 11:14
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0
0
3
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