Risk Management Index
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
License Type:Market Making(MM)
Regulated in Country/AreaCyprus
Regulatory License No.：204/13
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:Sharing NAGA
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Ariadnis 7, Moutayiaka, CY-4531 Limassol
Phone Number of Licensed Institution :+357 25 041 410
Most visited countries/areas
The data are from WIKI Research 2021.09.18 updated
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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.
Tradable financial products offered by NAGA Markets include forex currency pairs, Real stocks, indices, stock CFDs, Cryptocurrency, Commodities, ETFs.
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).
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).
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.
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.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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