NAGA Review

Social and copy traders

CySEC FSA FSCA FSRA

Founded 2015 · Germany · NAGA Group AG

Why investors choose this broker

Proprietary Autocopy feature replicates top trader strategies
Access to 4,000+ instruments including real stocks and ETFs
Commission-free real stock purchases
Demo account available

Review summary

NAGA is a German multi-asset broker founded in 2015, offering forex, CFDs, real stocks, ETFs, and crypto alongside a proprietary Autocopy social trading feature.

Pros

Proprietary Autocopy feature replicates top trader strategies
Access to 4,000+ instruments including real stocks and ETFs
Commission-free real stock purchases
Demo account available
Regulated by CySEC under MiFID II for EU clients
Supports MetaTrader 5 alongside proprietary platform
No deposit fee

Cons

$50 monthly inactivity fee
Fixed fee applies when closing real stock positions
Spreads on the base Iron account are wider than specialist CFD brokers
Copy trading incurs a performance fee of 7.5% to 20%
Minimum deposit of $250 required for the base Iron account
Non-EU accounts carry lighter regulatory protections
No US clients accepted

Company background

NAGA was founded in 2015 and is headquartered in Hamburg, Germany. The company operates under NAGA Group AG, listed on the Frankfurt Stock Exchange since 2017. In 2024, NAGA Group completed a merger with Key Way Group Ltd., the operator of CAPEX.com, creating a combined entity serving approximately 1.5 million users across more than 100 countries. NAGA positions itself as a social trading and investing platform, combining access to forex, CFDs, real stocks, ETFs, and crypto with its proprietary Autocopy copy-trading feature.

Fees and pricing

NAGA charges no commission when opening real stock positions but applies a fixed closing fee of approximately $3.00 per trade. ETF trading is charged at 0.10% of notional value. CFD stock trades carry approximately $2.50 to open and $2.50 to close. Forex and most other CFDs are priced on a spread-only basis; the EUR/USD spread starts at 1.1 pips on the entry-level Iron account and narrows to 0.1 pips on the Crystal tier. Crypto trading fees range from 0.49% to 3.49% depending on account level. Overnight funding fees apply to leveraged positions and triple on Fridays to cover the weekend.

There is no account opening, management, or deposit fee. Withdrawal fees vary by tier, from $5 on Iron to $0 on Crystal. An inactivity fee of $50 per month applies to dormant accounts. Autocopy performance fees of 7.5% to 20% apply on profitable copied trades depending on VIP level. The minimum deposit starts at $250 on the Iron account.

Regulation and safety

EU clients are served by NAGA Markets Europe Ltd., which holds a CySEC licence (No. 204/13) under MiFID II. EU client funds are kept segregated at regulated EU banks. CySEC finalised a settlement of EUR 150,000 with NAGA Markets Europe Ltd. for regulatory breaches in 2021 and 2022. Non-European clients are served by entities holding licences from the FSA (Seychelles), FSCA (South Africa), and FSRA (Abu Dhabi Global Market), which carry lighter investor protections.

Platform experience

NAGA offers a proprietary NAGA Web Trader plus dedicated iOS and Android apps. MetaTrader 5 is also supported for advanced charting and algorithmic trading. The NAGA app integrates Autocopy, allowing users to automatically replicate the positions of top traders in real time. The app also includes a social feed, NAGA Messenger, price alerts, and multiple order types. A free demo account is available on registration.

Pros and cons

NAGA's main advantages are its Autocopy social trading feature, broad coverage of 4,000+ instruments, commission-free real stock purchases, a free demo account, and CySEC regulation for EU clients. The main drawbacks are a $50 monthly inactivity fee, a closing fee on real stock positions, wider spreads on the base account, and performance fees on copy trading. US clients are not accepted.

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Trading fees & commissions

NAGA charges no commission on real stock purchases but applies a fixed fee to close positions; forex and CFD trading is spread-based with no added commission; an inactivity fee of $50 per month applies to dormant accounts.

Fees

Item	Fee
Cfds	CFD stocks: approximately $2.50 to open and $2.50 to close; other CFDs are spread-based
Crypto	0.49% to 3.49% depending on account tier
Margin	Overnight funding fee applies to leveraged positions; triples on Fridays to cover the weekend
Account	No account opening or management fee
Deposit	Free; third-party payment processors may apply their own charges
Inactivity	$50 per month after a period of account inactivity
Withdrawal	Varies by account tier: $5 on Iron, decreasing to $0 on Crystal
Copy Trading	Performance fee of 7.5% to 20% on profitable copied trades, depending on VIP level

Trading platform & features

Platforms

NAGA Web Trader
MetaTrader 5
iOS app
Android app

Regulation and investor protection

NAGA operates through entities regulated by CySEC in Cyprus (license 204/13), FSA in Seychelles (SD026), FSCA in South Africa, and FSRA in Abu Dhabi Global Market. EU clients are served by NAGA Markets Europe Ltd, which is subject to MiFID II requirements and keeps client funds segregated in regulated EU banks.

Broker FAQs

Is NAGA safe?

NAGA Markets Europe Ltd. is regulated by CySEC and subject to MiFID II requirements, with EU client funds kept in segregated accounts at regulated EU banks. Non-EU clients are served by entities with lighter-touch regulatory coverage from the FSA (Seychelles), FSCA (South Africa), and FSRA (Abu Dhabi Global Market).

Is NAGA a scam?

No. NAGA operates through regulated entities, including a CySEC-licensed entity for EU clients. CySEC did finalise a settlement of EUR 150,000 with NAGA Markets Europe Ltd. for regulatory breaches in 2021 and 2022.

Is NAGA regulated and by whom?

Yes. NAGA is regulated by CySEC in Cyprus (licence No. 204/13), the FSA in Seychelles (licence SD026), the FSCA in South Africa, and the FSRA in Abu Dhabi Global Market.

Does NAGA keep client funds in segregated accounts?

NAGA Markets Europe Ltd. states that EU client funds are kept in segregated accounts at regulated EU banks, separate from the company's own funds.

What happens to my money if NAGA goes bankrupt?

EU clients served by NAGA Markets Europe Ltd. benefit from CySEC's Investor Compensation Fund (ICF). Clients served by the Seychelles or other offshore entities do not benefit from the same level of statutory protection.

What products does NAGA offer?

NAGA offers real stocks, ETFs, forex, CFDs on stocks, indices, commodities and crypto, cryptocurrencies, and leveraged margin trading, across more than 4,000 instruments.

Does NAGA offer real stocks?

Yes. NAGA offers real stock ownership with no commission to open positions. A fixed closing fee of approximately $3.00 applies when selling.

Does NAGA offer ETFs?

Yes. NAGA offers ETFs charged at 0.10% of notional value per trade.

Does NAGA offer crypto?

Yes. NAGA offers cryptocurrency trading with fees ranging from 0.49% to 3.49% depending on account tier. Crypto CFDs are also available for leveraged trading.

Does NAGA offer copy trading?

Yes. NAGA's Autocopy feature allows users to automatically replicate the real-time positions of top traders on the platform. A performance fee of 7.5% to 20% on profitable copied trades applies, depending on the user's VIP level.

What does NAGA charge for forex trading?

Forex trading at NAGA is spread-based with no added commission. The EUR/USD spread starts at 1.1 pips on the entry-level Iron account and narrows to 0.1 pips on the Crystal tier.

What does NAGA charge for stock trades?

Real stock purchases carry no opening commission. A fixed closing fee of approximately $3.00 applies when selling. CFD stock trades carry approximately $2.50 to open and $2.50 to close.

What does NAGA charge for ETF trades?

NAGA charges 0.10% of the notional value for ETF trades.

Is there a withdrawal fee at NAGA?

Yes. Withdrawal fees vary by account tier, from $5 on the entry-level Iron account to $0 on the Crystal account. Third-party payment providers may apply their own charges.

Does NAGA charge an inactivity fee?

Yes. NAGA charges a $50 monthly inactivity fee on dormant accounts.

Does NAGA have a demo account?

Yes. A free demo account is available to all registered users for practising trading in a simulated environment.

Does NAGA have a mobile app?

Yes. NAGA provides dedicated iOS and Android apps that include full trading access, Autocopy social trading, a social feed, price alerts, and a full range of order types.

Is NAGA good for beginners?

NAGA offers a demo account, educational resources, and Autocopy which allows beginners to follow experienced traders. The $50 monthly inactivity fee and wider spreads on the base Iron account are points beginners should factor in.

Is NAGA good for long-term investing?

NAGA offers commission-free real stock purchases and ETF access, which suit long-term investors. However, the $50 monthly inactivity fee and the fixed closing fee on stocks are costs to consider for a buy-and-hold approach.

Bottom line

NAGA suits users who want a multi-asset platform combining social copy trading, real stocks, ETFs, forex, CFDs, and crypto under one app, particularly those who want to follow or replicate other traders via Autocopy. It may not suit users who want to avoid inactivity fees, seek the tightest spreads without a large minimum deposit, or require the strongest offshore regulatory protection.

NAGA

Social and copy traders

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