NAGA Review – Is NAGA Scam or Legit?
Naga Review
Naga is a German brokerage firm founded in 2015 and is one of the first to offer copy and social trading. Despite being new in the industry, the broker has swiftly gained a following among traders for their ongoing innovating efforts, such as introducing their unique cryptocurrency, Naga Coin. We’ll explore all areas of this broker in this Naga review, including the characteristics of their social trading platforms, as well as their Bitcoin and other asset offerings.
Social Or Copy Trading
Not many brokers provide outstanding social or copy trading services; Naga is decisive in this area. They trade using their proprietary Naga online application. You may earn a lot of money by copying other traders’ trades, or you can get $0.10 per copied activity. It is an efficient and simple-to-use service that is well-suited to new social traders, among other users.
If you participate in the Naga accomplishments program, the commissions you earn will be more significant. Auto-copying skilled traders are made possible through the use of social trading features.
Forex And CFD Trading
Naga brokerage firm offers more than 500 different assets to choose from. These are CFDs, and stocks and cryptocurrency; they can be considered actual assets. The floating spread begins at one pip on a few major assets and averages out to 1.2 pips on EUR/USD, 62.5 on BTC/USD, 1.6 pips on GBP/USD, and 40 cents on Amazon.
The residents of the European Union can trade stocks without paying any commissions. Moreover, the minimum deposit to sign up with Naga is only $2,500, which is quite reasonable compared to the competitors. After signing up for the trading account, you will have access to the full-service package, including daily analysis, reduced spreads, webinar access, and other perks, such as webinar access.
Naga Coin Trading
The Naga coin, the brokers very own cryptocurrency, can be used as account base currency or to increase your user status in the Naga achievement system, among other things. You can use the Naga coin to pay for your trading commissions and fees.
You can Trade more than 15 different cryptoassets with the broker. You may also obtain a complimentary digital currency wallet and make use of their cryptocurrency exchange, Nagax.
Naga- save Index Trading
The save index is another one-of-a-kind feature that distinguishes this broker from the rest. After being introduced in 2018, the index was designed to be a secure investment for traders because of its highly low-risk profile. As an illustration of its robustness, the index did not crash after the outbreak of the COVID-19 virus in March 2020, as was widely expected.
The interest rate gap between the Euro and other world currencies is the source of most index gains. It is intended to produce a steady growth of 2 per cent over the long term. It has shown to be a nice safe sort of investment opportunity.
Trading Platform
NAGA provides the MetaTrader 4 and MetaTrader 5 online trading platforms, both developed by MetaQuotes Software. In addition to having many technical tools and indicators, both platforms are simple to use.
If you go for an expert adviser on the MetaTrader platform, you can utilize it to execute automatic trades (EA). You can learn about the greatest MT4 and MT5 tools from other traders members of the NAGA community.
Customer Support Services
A multilingual customer support team is available 24 hours, five days per week at NAGA. Alternatively, you can contact help via email or telephone, or, if you prefer, you can connect with NAGA support using live chat.
Funds Protection
Money collected from clients is maintained in separate accounts with major EU-regulated financial institutions. The funds are distinct from NAGA’s corporate funds, and as a result, this money is exclusively available for operating expenses and the like.
NAGA is a member of the International Capital Markets Federation, the Investor Compensation Fund (ICF). When a member of the ICF cannot meet their financial responsibilities, the ICF may be able to compensate qualifying clients who have filed claims against them.
Conclusion
The trading community can benefit significantly from NAGA. Over 100,000 individuals have registered to trade with NAGA at this time. NAGA is a popular social trading platform for beginning, intermediate, and advanced traders.
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