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Naga as One of Forex’s Top Brokers

Established in 2015, Naga positions itself as an STP broker with almost 800 tradable assets in FX trading, ETFs, and CFDs in stock, indices, and commodities. The broker belongs to the NAGA Group, an international FinTech company from the Frankfurt Stock Exchange. With its offices spread all over the world, Naga is administered by the renowned Cyprus Securities and Exchange Commission (CySEC). Despite being a relatively young market player, it has already gained a certain reputation among traders and investors. If you are curious to know more about this broker, feel free to read the information below.

Forex Brokers

Eligibility of Naga Markets

Naga Markets can be a reasonable option for newcomers and professional traders. There are more than enough reasons. Firstly, Naga provides its users with a vast array of tradable mechanisms, which attracts traders with different focus areas. Secondly, it provides tools and educational resources to assist traders with efficient trading activities. The educational materials vary from basic trading topics to advanced subject matters.

Naga’s social trading offerings let beginners earn money while they are learning. Professional traders with a lack of time can also proceed with trading research by means of social trading. Moreover, experienced traders who just like making extra money by sharing their trading background with others can become signal providers.

Thanks to an AI trading assistant, users have a great opportunity to minimize their online errors and grasp trading opportunities as soon as they occur. Another thing that makes this broker efficient is the maintenance of negative balance. As a result, users can keep their finances under control by making sure they don’t lose more than they invest.

Naga Markets happens to be one of not many brokers that offer access to tradable virtual products detected in online games. This makes it a great choice for traders with interests in gaming tools. Online gaming enthusiasts will be thrilled with such an opportunity.

Offered Instruments and Spreads

Naga Markets are represented by more than 750 tradable assets in Forex, crypto, ETFs, and CFDs on stocks, commodities, and indices. Crypto offerings involve 15 pairs based on Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin, Monero, Tron, Zcash, Ripple, IOTA, and NEO. They are mainly paired against each other and some additional fiat currencies such as the USD and EUR.

In regard to CFDs, Naga offers more than 24 indices, including the S&P 500, DAX30, British FTSE 100, Indian NIFTY 50, and some others. Traders can also reach CFDs on more than 650 international stocks, including Google, Coca Cola, Facebook, Netflix, and so on. This broker also provides more than 17 ETF CFDs that involve Vanguard Large-Cap ETF CFD and iShares U.S. Real Estate ETF CFD.

There are different Naga spreads that vary with tools and market conditions. The average spread for the EUR/USD combination is estimated at 1.2 pips. This can be a bit higher than with other brokers.

Available Platforms

Available Platforms

At Naga, you can choose from two available platforms - the MT4 and the MT5. Being available on the Internet, desktop and mobile versions, they provide users with a convenient online experience. Both platforms are compatible with Windows, Linux Mint 18.2, and Mac. The MetaTrader software is considered to be stable due to proper internal organization and functional efficiency. In addition, it is fully customizable, which means that online users can adjust it to their particular preferences and needs.

The MT4 is the most popular platform due to a wide spectrum of characteristics it offers.  To make it easier for users to trade effectively, this platform introduces a highly intuitive user design that is suitable for both beginner and professional traders.

Naga Markets is operating in the cooperation with TradingView, which is one of many other third-party trading mechanisms. Thanks to this tool, traders have everything they required for efficient trading activities. With this broker, traders can use a great number of charting tools that let them check live prices and functional patterns, as well as develop custom templates. Also, there are numerous technical analysis indicators and automated concepts (EAs).

This broker has developed an award-winning social trading platform called Naga Trader. Being a well-known online trading platform, Naga’s focus is mainly set on Naga Trader resource.

Final Word

Generally, the Naga broker stands on strong technology and establishment of trading innovation. Trading with Naga has turned into an excellent opportunity to enjoy vast investment opportunities. Whether you are a beginner or an experienced trader, you will find your place on this platform.