NAGA – Minimum Deposit

NAGA – Minimum Deposit

Share on facebook
Share on linkedin
Share on twitter
Share on pinterest
Share on email

Naga - Minimum Deposits

 

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 Minimum Deposit Revealed:

 

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 into 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

PROS CONS
Flexible funding options are offered Limited deposit currencies offered
Deposit fees are not charged The minimum deposit required is very high
Client fund security is guaranteed
NAGA is well regulated and a member of the Investor Compensation Fund (ICF)

 

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

📱 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

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.