Hantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lotHantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lot
Home / Rankings / NAGA
TIER 2 · CySEC · FSCA · FSRA · FSA-SC#31 of 66 international brokers

NAGA review: the verdict.

Verdict score
7.2 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation7.5
Best licence: Tier 2
Trading cost9.5
$6.00 per lot
Accessibility5.0
Deposit not published
Platforms & payments4.6
2 platforms · 3 payment methods
Outside ratings6.6
Trustpilot 3.4 from 4,098
NAGA vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Trive$720
NAGA$1,440
Vantage$1,440
Cheapest vs most expensive here, per year$720
Regulation

Who licenses NAGA.

Licences as NAGA lists them. A tick means we found the entity on the regulator's own register.

RegulatorTierEntityLicence no.On register
CySECTIER 2NAGA Markets Europe Ltd204/13Not yet checked
FSCATIER 2JME Financial Services (Pty) Ltd37166Not yet checked
FSRA (ADGM)TIER 2Key Way Markets Ltd190005Not yet checked
FSA-SCOFFSHORENAGA Capital LtdSD026Not yet checked
Accounts

Published EUR/USD costs.

AccountSpreadCommissionCost / lot
Standard
from
0.6 pip—$6.00

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website
naga.com
Founded
Not published
Headquarters
Not published
Minimum deposit
Not published
Max leverage
Not published
EU/UK leverage cap
—
Platforms
own app (NAGA Trader), TradingView (charts)
Deposits & withdrawals
Cards, Bank wire, Alternative methods (20+ by country)
Islamic (swap-free) account
Not published
Copy trading
Yes
Withdrawal fees
Not published
Inactivity fee
Not published
Restricted countries
NAGA Capital (Seychelles) does not serve Canada, New Zealand, Iran, Korea, USA; EU entity serves EEA excl. Belgium
RBI Alert List (India)
Not listed · list of 19 Nov 2025 · checked 24 Oct 2026
Verified reviews

Traded with NAGA? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 3.4 from 4,098 reviews.

Compare NAGA
Visit NAGA
Sources · data as of 2026-10-24

Research notes: Also registered with Romania ASF (PJM01SFIM/400019) via EU entity. Spread 'from 0.6 pips' EUR/USD not split by account type; CFD commission not stated. Max leverage, min deposit, withdrawal/inactivity fees not published on pages reachable (pricing-and-terms page failed). MT4/MT5 not mentioned on current site. 77.41% retail CFD accounts lose money (EU).

Spotted something wrong? Brokers and traders can request a correction through our submissions form; we check every change against the source.