Updated September 29, 2026 · BrokerCue Editorial Team
Interactive Brokers vs NAGA
What sets them apart
| Compare |  Interactive Brokers |  NAGA |
|---|---|---|
| Minimum deposit | $0 | €50 |
| Stock trade fee | $0 | €3 |
| Markets | Bonds, ETFs, Forex, Funds, Futures, Options, Stocks | Stocks, ETFs, Forex, CFDs, Futures, Crypto |
| Regulators | SEC, FCA, SIPC | Cyprus Securities and Exchange Commission |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Platforms | Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation | iOS, Android, Web, MetaTrader 5 |
| Interest on cash | 3.38%Higher | 2.4% |
| Retail accounts that lose money | Not confirmed | 70.45% |
| Margin rate | 4.38% | Not confirmed |
| Options contract fee | $0.65 | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | No withdrawal fee |
| Account types | ISA, SIPP, IRA, Joint, Corporate | Not confirmed |
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Key differences
- Interactive Brokers scores higher overall: 9.6 vs 8.7.
- Regulators: only Interactive Brokers offers SEC, FCA, SIPC.
- Regulators: only NAGA offers Cyprus Securities and Exchange Commission.
- Interactive Brokers is licensed in 1 more country.
- Markets: only Interactive Brokers offers Bonds, Funds, Options.
- Markets: only NAGA offers CFDs, Crypto.
- Platforms: only Interactive Brokers offers Client Portal, IBKR Desktop, IBKR Mobile.
- Platforms: only NAGA offers iOS, Android, Web.
- Interest on cash is higher at Interactive Brokers: 3.38% vs 2.4%.
- Features: only Interactive Brokers offers Fractional shares.
Our verdict on each
Interactive Brokers
Interactive Brokers suits investors who want a single account across ISA, SIPP, IRA, joint and corporate holdings, with stocks, bonds, funds, forex, options and futures behind it. It ranks 1 of 213 brands on minimum deposit at $0, and stock trades are charged at $0.
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 | Interactive Brokers | NAGA |
|---|---|---|
| Cost | 9.3HigherStock trades cost $0, the minimum deposit is $0 and an options contract costs $0.65. | 8.5Stock trades cost €3; withdrawals show No withdrawal fee. |
| Offer | 9.6HigherAccount types cover isa, sipp and ira, and the market list spans bonds, etfs and forex. | 9.1Coverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. |
| Trust | 9.8Higher | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. |
How they place
| Ranking | Interactive Brokers | NAGA |
|---|---|---|
| Stock and ETF brokers | 35 of 490 | 4 of 490 |
| Forex brokers | 13 of 147 | 3 of 147 |
| Low-spread forex brokers | 11 of 145 | 3 of 145 |
Where each is licensed and available
| Country | Interactive Brokers | NAGA |
|---|---|---|
| Cyprus | Not confirmed | |
| United Kingdom | FCA 208159 | Not confirmed |
| United States | SIPC SIPC member 53615 | Not confirmed |
What each covers
| Markets | Interactive Brokers | NAGA |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | No | Yes |
| Options | Yes | No |
| Futures | Yes | Yes |
| Crypto | No | Yes |
| Bonds | Yes | No |
| Funds | Yes | No |
Also worth a look
Nexo has interest on cash at 13%, against 3.38% for Interactive Brokers and 2.4% for NAGA.
Nexo reviewSources behind this comparison
Interactive Brokers
- interactivebrokers.com: 9 facts, checked September 26, 2026
- brokersway.com: 2 facts, checked September 26, 2026
- toponlineforexbrokers.com: 2 facts, checked September 26, 2026
- euinvestinghub.com: 1 fact, checked September 26, 2026
- eupersonalfinance.eu: 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 | Interactive Brokers | NAGA |
|---|---|---|
| Features | Fractional shares, Mobile app | Crypto, Copy trading, Mobile app |
| Pricing model | Commission free, Low fees | Not confirmed |
| Legal entity | INTERACTIVE BROKERS LLC | Not confirmed |
| Headquarters | United States | Not confirmed |
| Founded | 1978 | Not confirmed |
| Support channels | Help centre, Community | Not confirmed |
Robo-advisors
| Fact | Interactive Brokers | NAGA |
|---|---|---|
| Portfolio types | ETF | Not confirmed |
Where each stands against the rest
| Fact | Interactive Brokers | NAGA | Median |
|---|---|---|---|
| Retail accounts that lose money | Not confirmed | 70.45%above the median | 70.375% |
| Margin rate | 4.38%below the median | Not confirmed | 8.79% |
| Options contract fee | $0.65above the median | Not confirmed | $0.59 |
| Interest on cash | 3.38%above the median | 2.4%below the median | 3% |
Median across 38 listed brokers.
Pros and cons
Interactive Brokers
Pros
- A stock trade costs $0 and the minimum deposit is $0, the pairing behind rank 1 of 161 on stock trade fees among the brokers tracked here.
- The account types listed cover isa, sipp and ira, so an ISA, SIPP, IRA, joint or corporate account all sit under a single provider.
- bonds, etfs and forex puts stocks, ETFs, bonds, funds, forex, options and futures on the same account, with a margin rate of 4.38% for geared positions.
Cons
- Support runs on help centre and community, so a phone line and live chat sit outside the offer.
- bonds, etfs and forex covers shares, ETFs, bonds, funds, forex, options and futures but leaves out crypto and CFDs, which eToro lists in stocks, etfs and forex.
- An options contract costs $0.65 against a stock trade at $0, so options strategies pay a visible premium per contract.
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
Interactive Brokers
Who it suits
- Investors holding money across several wrappers, since the account types listed cover isa, sipp and ira.
- Traders who want options, futures, forex and bonds alongside shares on a single account, per bonds, etfs and forex.
- Anyone starting with a small balance: the minimum deposit is $0 and fractional shares appear in the feature list (fractional shares and mobile app).
Who should look elsewhere
- Anyone who trades crypto or CFDs, since bonds, etfs and forex leaves both out while eToro lists them in stocks, etfs and forex.
- Readers who want a stated entry figure as a signal of the provider's target size, since Vantage publishes $5 where this broker's minimum is $0.
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 | Interactive Brokers | 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
Interactive Brokers
What does it cost to trade shares?+
A stock trade is charged at $0 and the minimum deposit is $0, so opening an account and dealing in shares carry no charge. The money sits in derivatives and leverage instead, where an options contract costs $0.65 and the margin rate is listed at 4.38%.
Is my money protected?+
The regulatory list runs to SEC, FCA and SIPC, and investor protection is stated as SIPC up to USD 500,000. The UK entry is the FCA under licence 208159, while the US side names the SEC and the SIPC membership SIPC member 53615. The protection figure describes the scheme stated for the account and says nothing about how a trade performs.
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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