Overall Rating
4.7/5
Rated #208 of
Recommended FX Brokers
Minimum Deposit USD 50
Regulators CySEC, FCA
Dealing Desk with DMA and STP
📱Platforms
NAGA Web Trader, MT4, MT5, iSO and Android Apps
Yes
📈 Total Pairs
45+
📈 Max. leverage
1:1000
Islamic Account No
Trading Fees Low
24 Hours
Our NAGA Demo Account Revealed:
How to set up a Demo Account – Step by Step
To register a demo account with NAGA, traders can follow these steps.
- Navigate to the official NAGA website and select “Sign Up” from the main toolbar at the top of the website.
- Complete the required fields on the registration form by providing First Name, Last Name, a user-selected username and password, valid email address, mobile number, and selecting country of residence before selecting “Sign Up”. Alternatively, use Facebook or Google credentials to sign up by selecting the respective icons for either of these options.
- A code will be sent to the mobile number provided to verify that the number belongs to the trader.
- Once this is complete, the trader will automatically be logged into the client portal where a demo account will have been created automatically.
- Traders can start using their demo account immediately on the MetaTrader 5 trading platform.
NAGA Demo Account Features
The demo account that NAGA offers is not merely a practice account that is only intended for beginners. It also serves as a valuable tool that can be used by experienced and professional traders.
With the NAGA demo account, traders can use a virtual balance of $10,000 to explore the financial markets, use advanced charting capabilities, technical indicators, and different tools, and practice trading.
Traders can use their trading strategies while they are in demo mode, allowing them to see how their strategies perform in a live market. In addition, the NAGA demo account also provides traders access to the NAGA feed, the leader board, and more.
Traders must note that the virtual funds cannot be withdrawn, and funds can only be withdrawn from a live trading account that has a positive balance, either from funds that were deposited or profits that were made in live market conditions.
Pros and Cons
You might also like: NAGA Account Types
You might also like: NAGA Fees and Spreads
You might also like: NAGA Islamic Account
You might also like: NAGA Minimum Deposit
Overall Rating
4.7/5
Rated #208 of
Recommended FX Brokers
Minimum Deposit USD 50
Regulators CySEC, FCA
Dealing Desk with DMA and STP
📱Platforms
NAGA Web Trader, MT4, MT5, iSO and Android Apps
Yes
📈 Total Pairs
45+
📈 Max. leverage
1:1000
Islamic Account No
Trading Fees Low
24 Hours
FAQ
What is the difference between a demo and a live trading account?
A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.
Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.
Does NAGA offer a demo account?
Yes, NAGA offers a demo account.
How long is the demo account valid?
The demo can be used for an unlimited time.
Which live trading accounts does NAGA offer?
NAGA offers the following account levels.
- Iron Account
- Bronze Account
- Silver Account
- Gold Account
- Diamond Account
- Crystal Account
Does NAGA offer an Islamic Account?
Yes, NAGA offers the option for a live trading account to be converted into a swap-free Islamic account.
What are the available deposit currencies for a live trading account?
- EUR
- GBP
- USD
- PLN
