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 Minimum Deposit Revealed:
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to depositing the minimum amount
- Pros and Cons
Minimum Deposit
NAGA has a minimum deposit requirement of $250.
The minimum deposit amount that traders can expect when they use NAGA will depend on the account level that they use. These are as follows.
- Iron Account – $250 or 3,825 ZAR
- Bronze Account – $2,500 or 38,250 ZAR
- Silver Account – $5,000 or 76,500 ZAR
- Gold Account – $25,000 or 382,470 ZAR
- Diamond Account – $50,000 or 765,950 ZAR
- Crystal Account – $100,000 or 1,529,885 ZAR at the average exchange rate between the United States Dollar and the South African rand
When traders deposit funds into their NAGA trading account, the funds are sent to segregated accounts that are kept with top-tier banks. These accounts are kept away from the broker account and its funds.
These funds are only used toward trading activities that are carried out by the traders to whom they belong. The funds may not be used by NAGA to perform trades or hedge its positions. These funds must be made available for withdrawal at any given time and NAGA must provide transparent reports on its financial status, equity, and all other relevant components.
Deposit fees and deposit methods
NAGA does not charge any deposit fees according to the official website. When traders pay the minimum deposit amount of $250, they can use any of the following payment methods.
- Debit Cards
- Credit Cards
- Bank Wire Transfer
- Cryptocurrencies
- PayPal
- P24
- Ideal
- Eps
- Giropay
- Skrill
- Neteller
- Sofort, and several other global options according to the trader’s country of residence
When traders deposit the minimum deposit, they can use the following deposit currencies.
- EUR
- GBP
- USD
- PLN
Step by step guide to depositing the minimum amount
To deposit the required minimum deposit amount, traders must log in to their client portal and trader’s dashboard using their login credentials. Once logged in, traders can deposit the minimum that is required by choosing their preferred payment method, entering the amount they wish to pay, and following any additional prompts to confirm their deposit.
When traders choose their preferred deposit method, they must do so carefully. The reason for this relates to the fact that withdrawals from the trading account will automatically be made using the same way that funds were received.
Pros and Cons
You might also like: NAGA Account Types
You might also like: NAGA Demo Account
You might also like: NAGA Fees and Spreads
You might also like: NAGA Islamic Account
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 minimum deposit required to open an account with NAGA?
$250.
How do you make a deposit and withdraw money with NAGA?
You can use any of the following payment methods.
- Debit Cards
- Credit Cards
- Bank Wire Transfer
- Cryptocurrencies
- PayPal
- P24
- Ideal
- Eps
- Giropay
- Skrill
- Neteller
- Sofort, and several other global options according to the trader’s country of residence
Does NAGA charge withdrawal fees?
Yes, NAGA charges the following withdrawal fees.
- Iron Account – $5
- Bronze Account – $4
- Silver Account – $3
- Gold Account – $2
- Diamond Account – $1
How long does it take to make a withdrawal?
Withdrawals can be instant, or they can take a few days to process, depending on the payment method and internal procedures required to process the withdrawal.
