Updated September 29, 2026 · BrokerCue Editorial Team
CFI vs NAGA
Where CFI and NAGA differ
| Compare |  CFI |  NAGA |
|---|---|---|
| Minimum deposit | $0 | €50 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto | Stocks, ETFs, Forex, CFDs, Futures, CryptoCovers more |
| Regulators | Cyprus Securities and Exchange Commission, FCACovers more | Cyprus Securities and Exchange Commission |
| Retail accounts that lose money | 66% | 70.45% |
| Deposit and withdrawal fees | No deposit fees | No withdrawal fee |
| Platforms | MT5, TradingView, CFI Multi Asset, CFI Trading App | iOS, Android, Web, MetaTrader 5 |
| Stock trade fee | Not confirmed | €3 |
| Interest on cash | Not confirmed | 2.4% |
Same on both: Investor protection (EU ICS up to EUR 20,000).
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Key differences
- CFI scores higher overall: 9.6 vs 8.7.
- Regulators: only CFI offers FCA.
- CFI is licensed in 1 more country.
- Markets: only NAGA offers Futures.
- Platforms: only CFI offers MT5, TradingView, CFI Multi Asset.
- Platforms: only NAGA offers iOS, Android, Web.
- Features: only CFI offers Demo account.
- Features: only NAGA offers Crypto, Copy trading.
Our verdict on each
CFI
CFI suits traders who want one account covering stocks, etfs and forex on a commission-free model commission free, with a minimum deposit of $0 and a Cyprus entity licensed by Cyprus Securities and Exchange Commission and FCA. Note that 66% of retail accounts lose money, and protection under the EU scheme is limited.
NAGA
NAGA suits mobile copy traders who want stocks, ETFs, forex, CFDs, futures and crypto alongside social features in the same app. Opening starts at €50, while stock trades carry €3, so active share buyers should weigh costs against broader choice.
Score breakdown
| Area | CFI | NAGA |
|---|---|---|
| Cost | 9.7Higher | 8.5Stock trades cost €3; withdrawals show No withdrawal fee. |
| Offer | 9.6Higher | 9.1Coverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. |
| Trust | 9.4Higher | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. |
Feature by feature
| Markets | CFI | NAGA |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Futures | No | Yes |
| Crypto | Yes | Yes |
What we checked
CFI
- media.cfifinancial.com: 4 facts, checked September 26, 2026
- play.google.com: 3 facts, checked September 26, 2026
- dailyforex.com: 2 facts, checked September 26, 2026
- forex.wikibit.com: 1 fact, checked September 26, 2026
- investinglive.com: 1 fact, checked September 26, 2026
NAGA
- naga.com: 5 facts, checked September 28, 2026
- nagamarkets.zendesk.com: 5 facts, checked September 28, 2026
How they place
| Ranking | CFI | NAGA |
|---|---|---|
| Stock and ETF brokers | 34 of 490 | 4 of 490 |
| Forex brokers | 12 of 147 | 3 of 147 |
| Low-spread forex brokers | 10 of 145 | 3 of 145 |
| CFD brokers | 11 of 122 | 3 of 122 |
Every fact side by side
| Fact | CFI | NAGA |
|---|---|---|
| Features | Demo account, Mobile app | Crypto, Copy trading, Mobile app |
| Pricing model | Commission free | Not confirmed |
| Legal entity | Credit Financier Invest (CFI) Ltd | Not confirmed |
| Founded | 1998 | Not confirmed |
Where each stands against the rest
| Fact | CFI | NAGA | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | €3above the median | €1 |
| Retail accounts that lose money | 66%below the median | 70.45%above the median | 70.375% |
| Interest on cash | Not confirmed | 2.4%below the median | 3% |
Median across 38 listed brokers.
Pros and cons
CFI
Pros
- No minimum deposit, at $0, and No deposit fees, so funding does not cost a fee and the account can open at any size.
- Regulated on both sides of Europe: Cyprus Securities and Exchange Commission and FCA, with the Cyprus entity named as Credit Financier Invest (CFI) Ltd.
- A single account covers stocks, etfs and forex rather than forcing separate apps per asset class.
Cons
- Protection caps out at EU ICS up to EUR 20,000 on the Cyprus entity, so balances above that sit outside the scheme.
- 66% of retail accounts lose money, which is the risk that matters most for anyone sizing a position.
- Leverage sits alongside shares and ETFs in stocks, etfs and forex, so a single account mixes instruments with very different risk levels.
NAGA
Pros
- Access stocks, ETFs and forex under a single login, covering shares through crypto for varied strategies.
- Trade via iOS, Android and Web, with MetaTrader 5 plus mobile apps for flexible order management.
- Withdrawals show No withdrawal fee, helped by No withdrawal fee for cost clarity.
Cons
- Stock trade fee sits at €3, which can weigh on frequent share buyers versus lower fee rivals.
- Support runs on help centre only, so help stays inside help centre without live chat or phone.
- Entry starts at €50, above ActivTrades at $0 for very small starters.
Who each suits
CFI
Who it suits
- People who want stocks, etfs and forex held in one place instead of several broker accounts.
- Traders who prefer the commission-free model commission free and a minimum deposit of $0 over a larger entry threshold.
- Savers who want a Cyprus or UK regulated option, given Cyprus Securities and Exchange Commission and FCA and the Cyprus licence 179/12.
Who should look elsewhere
- Anyone wanting a wider asset list, since stocks, etfs and forex runs to futures as well and CFI's list is stocks, etfs and forex.
- EU traders who want a rival with a low entry point, such as XTB at €0.
- Traders put off by losses in the retail book, where 66% lose money and the median here is 70.15%.
NAGA
Who it suits
- Social traders who follow others and want futures plus crypto alongside shares may prefer NAGA over eToro.
- Mobile led investors starting at €50 who accept €3 may prefer NAGA over ActivTrades.
Who should look elsewhere
- Cost sensitive share buyers who want lower ticket fees than €3 may prefer XTB.
- Traders wanting phone or live chat beyond help centre may prefer ActivTrades.
Country by country
| Country | CFI | NAGA |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
8 of 30 countries where either is available.
Questions about each
CFI
What is the minimum deposit to open a CFI account?+
The minimum deposit is $0, so an account can be opened at any size and a first deposit does not have to clear a threshold. For comparison, Vantage lists $5 and XTB €0. The median minimum across the brands ranked is €4.64, and the highest reaches €26,308.87. CFI places 1 of 213 on that measure.
Does CFI charge commission on trades?+
CFI trades on a commission-free model, commission free, so positions are opened without a per-trade commission charge. The cost of a trade therefore sits in the spread and the market rather than in a commission line. Commission-free models are common in the field, appearing for 69.8% of the brands compared. Low-fee models sit alongside them at 40.5%.
NAGA
What does NAGA charge for stock trades and withdrawals?+
Stock orders carry €3 per trade, and funding shows No withdrawal fee for withdrawals. Share buyers who trade often should compare that ticket charge with rivals before committing, as frequent dealing lifts total cost over time.
What is the minimum deposit to open a NAGA account?+
Trading can start at €50, which keeps entry modest for newcomers testing markets. Withdrawals show No withdrawal fee, so moving funds out does not add a separate withdrawal charge under current terms.
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