NAGA – Fees and Spreads

NAGA – Fees and Spreads

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Naga - Fees & Spreads

 

Overall Rating

4.7/5

Rated #208 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySEC, FCA

📱 Trading Desk

Dealing Desk with DMA and STP

📱Platforms

NAGA Web Trader, MT4, MT5, iSO and Android Apps

Crypto

Yes

📈 Total Pairs

45+

📈 Max. leverage

1:1000

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Our NAGA Fees and Spreads Revealed:

 

Fees and Spreads

The spread list that NAGA offers starts from 0.7 pips on EUR/USD.

The spreads that traders can expect from NAGA will depend on the following factors:

  • The account level that the trader uses
  • The financial instrument that is being traded
  • The market condition on the day of trading

 

NAGA offers variable spreads and the average spread list that traders can expect is as follows:

  • Iron Account – from 1.7 pips EUR/USD
  • Bronze Account – from 1.7 pips EUR/USD
  • Silver Account – from 1.7 pips EUR/USD
  • Gold Account – from 1.2 pips EUR/USD
  • Diamond Account – from 0.9 pips EUR/USD
  • Crystal Account – from 0.7 pips EUR/USD

 

NAGA does not charge any commissions on trades because broker fees for facilitating the trade are already calculated into the spread list for each account and instrument.

 

Additional Trading Fees

Overnight fees, also known as swap fees or rollovers, are either credited or debited depending on the financial instrument being held and whether the trader is holding a long or short position.

 

NAGA offers the option for an Islamic swap-free account on all account levels. Traders who are interested in this account are required to register a live trading account. Once the account has been funded with the necessary minimum deposit and subsequently verified, traders can contact NAGA customer support to request a conversion.

 

The Islamic account exempts traders from earning/paying overnight fees and while most financial instruments are included on this account option, Gold, Silver, and Oil are not included. In addition, the swap-free account gives traders a maximum of 10 days free during which they can keep positions open.

 

After ten days, traders will be charged 10 units in their base account currency for every day that their position remains open.

 

NAGA is not a spread betting broker which means that spread betting fees will not apply.

 

Broker Fees

NAGA does not charge any deposit fees, but withdrawal fees are charged according to the account level that traders use. These fees are as follows:

  • Iron Account – $5
  • Bronze Account – $4
  • Silver Account – $3
  • Gold Account – $2
  • Diamond Account – $1

 

Pros and Cons

PROS CONS
A choice between different account levels Spreads are not the tightest
Competitive trading conditions offered Withdrawal fees are charged
Commission-free trading
Deposit fees are not charged
Minimal broker fees charged

 

You might also like: NAGA Account Types

You might also like: NAGA Demo Account

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

📱 Trading Desk

Dealing Desk with DMA and STP

📱Platforms

NAGA Web Trader, MT4, MT5, iSO and Android Apps

Crypto

Yes

📈 Total Pairs

45+

📈 Max. leverage

1:1000

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FAQ

How many instruments can I trade with NAGA?

You can trade any of the following instruments:

  • Forex
  • Stock CFDs
  • Indices
  • Commodities
  • Futures
  • ETFs

 

Which platforms are supported by NAGA?

NAGA supports the use of:

  • NAGA Trading Platform
  • MetaTrader 4
  • MetaTrader 5

 

Does NAGA offer leverage?

Yes, NAGA offers leverage up to a maximum of 1:1000.

 

What spreads can I expect with NAGA?

You can expect spreads from 0.7 pips EUR/USD on the Crystal Account.

 

Does NAGA charge commission?

No, NAGA does not charge commissions on trades.

 

Are there additional charges on the Islamic account?

Yes, there are additional charges on the Islamic Account when traders keep their position open for longer than 10 days. If traders exceed this, they are charged 10 units of their base account currency for every day that the position remains open.

 

Is NAGA regulated and by whom?

Yes, NAGA is regulated by CySEC in Cyprus.

 

Is NAGA a recommended forex trading broker for experts and beginners?

Yes, NAGA is recommended for use by experts as well as beginners.

 

What is the overall rating out of 10 for NAGA?

8/10.