Updated September 29, 2026 · BrokerCue Editorial Team
IC Markets vs NAGA
What sets them apart
| Compare | IC Markets ReviewSee alternativesSee alternatives |  NAGA |
|---|---|---|
| Minimum deposit | $200 | €50 |
| Markets | Stocks, Forex, CFDs, Futures, Crypto, Bonds | Stocks, ETFs, Forex, CFDs, Futures, Crypto |
| Regulators | SIPC | Cyprus Securities and Exchange Commission |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Deposit and withdrawal fees | No internal deposit fees | No withdrawal fee |
| Platforms | MetaTrader 4, MetaTrader 5, CTrader, TradingView, WebTrader, IC Social | iOS, Android, Web, MetaTrader 5 |
| Stock trade fee | Not confirmed | €3 |
| Inactivity fee | $0 | Not confirmed |
| Retail accounts that lose money | Not confirmed | 70.45% |
| Interest on cash | Not confirmed | 2.4% |
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Key differences
- IC Markets scores higher overall: 9.0 vs 8.7.
- Regulators: only IC Markets offers SIPC.
- Regulators: only NAGA offers Cyprus Securities and Exchange Commission.
- Markets: only IC Markets offers Bonds.
- Markets: only NAGA offers ETFs.
- Platforms: only IC Markets offers MetaTrader 4, CTrader, TradingView.
- Platforms: only NAGA offers iOS, Android, Web.
- Features: only IC Markets offers Demo account.
- Features: only NAGA offers Crypto.
Our verdict on each
IC Markets
IC Markets suits experienced day-traders who want a wide market list and no account fee, and it is a weaker fit if you want to start small. The minimum deposit of $200 is the number most readers will notice, while the inactivity fee of $0 takes that worry away.
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 | IC Markets | NAGA |
|---|---|---|
| Cost | 8.9HigherMinimum deposit of $200 sits above the site median of €4.64, while the inactivity fee is $0. | 8.5Stock trades cost €3; withdrawals show No withdrawal fee. |
| Offer | 9.8Higher | 9.1Coverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. |
| Trust | 8.6Higher | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. |
What each covers
| Markets | IC Markets | NAGA |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Futures | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
Availability and regulation
| Country | IC Markets | NAGA |
|---|---|---|
| Cyprus | Not confirmed | |
| United States | SIPC SIPC member 71021 | Not confirmed |
Positions in our rankings
| Ranking | IC Markets | NAGA |
|---|---|---|
| Stock and ETF brokers | 132 of 490 | 4 of 490 |
| Forex brokers | 57 of 147 | 3 of 147 |
| Low-spread forex brokers | 55 of 145 | 3 of 145 |
| CFD brokers | 48 of 122 | 3 of 122 |
| Copy trading platforms | 13 of 37 | 1 of 37 |
Sources behind this comparison
IC Markets
- ic.com: 5 facts, checked September 26, 2026
- sipc.org: 3 facts, checked September 26, 2026
- hercules-finance.com: 2 facts, checked September 26, 2026
- fxranking.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
Every fact side by side
| Fact | IC Markets | NAGA |
|---|---|---|
| Features | Demo account, Copy trading, Mobile app | Crypto, Copy trading, Mobile app |
| Pricing model | Low fees | Not confirmed |
| Audience | Experienced, Day traders | Not confirmed |
| Legal entity | RB INTERNATIONAL MARKETS (USA) LLC | Not confirmed |
Where each stands against the rest
| Fact | IC Markets | NAGA | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | €3above the median | €1 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Retail accounts that lose money | Not confirmed | 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
IC Markets
Pros
- The inactivity fee is $0, and the brand ranks at 1 of 56 brands on that measure.
- Deposit and withdrawal carry no internal fees, so moving money in and out does not add to the cost of a trade.
- You can trade stocks, forex, contracts for differences, futures, crypto and bonds from one account, which is a wider list than eToro's stocks, etfs and forex.
Cons
- The minimum deposit of $200 sits above the site median of €4.64, so the account is less accessible than CFI, where the minimum deposit is $0.
- The brand ranks at 172 of 213 brands on minimum deposit, which puts the entry cost near the expensive end of the list.
- The stated audience is experienced traders and day-traders, so a first-time investor gets less hand-holding than the low-fees brands on the site.
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
IC Markets
Who it suits
- Experienced day-traders trading forex, contracts for differences, futures and crypto through a single account
- Anyone who trades on several platforms and wants MetaTrader, cTrader, TradingView and a web platform side by side
- Traders who want to hold an account open without paying an inactivity fee
Who should look elsewhere
- First-time investors who want a guided, beginner-led platform, where eToro suits better
- Anyone starting with a small amount, since Vantage opens at a minimum deposit of $5 against $200 here
- Long-term investors building a portfolio of funds or exchange-traded products, which eToro covers with its wider stocks, etfs and forex
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 | IC Markets | 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
IC Markets
What is the minimum deposit to open an IC Markets account?+
The minimum deposit is $200. Set that against the site median of €4.64 to see where the entry point sits, and remember this money is committed before any trade is placed. Readers starting small may prefer a lower floor elsewhere.
Is there an inactivity fee at IC Markets?+
The inactivity fee is $0, so an account can sit open without a charge for being dormant. The brand ranks at 1 of 56 brands on that measure, which makes it one of the strongest results in our data for holding costs.
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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