NAGA
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