NAGA Review 2026
Cyprus regulator CySEC fined NAGA in 2023, and Trustpilot paused the broker's score in 2026 after it found fake reviews on the profile.
Min Deposit
250€
Spreads From
0.3 pips
Max Leverage
1:30
Platforms
3
Pros
- Trades real stocks and ETFs alongside CFDs and crypto in one account
- Offers MetaTrader 5 and its own NAGA Trader app for web and mobile
- Publicly listed parent company with public annual financial reports
- Runs a free share campaign for real share accounts, not just CFDs
Cons
- CySEC fined the firm 150,000 euros in 2023 for rule breaks
- Trustpilot paused its score in 2026 after finding fake reviews
- Entry account spreads start near 1.1 pips, wide for this list
- Trustpilot reviewers report slow support and stuck withdrawals
- Tight spreads need a deposit of tens of thousands of dollars
- NAGA's own site shows 77.41 percent of retail CFD accounts lose money
- Seychelles entity leverage can reach 1:1000, far above the EU retail cap of 1:30
Four founders launched NAGA in Hamburg back in 2015 as a social trading app. Parent firm The NAGA Group AG listed on the Frankfurt Stock Exchange in 2017. The main trading arm, NAGA Markets Europe Ltd, is regulated in Cyprus. CySEC fined the firm 150,000 euros in 2023 for rule breaks found between 2021 and 2022.
NAGA offers forex, real stocks, ETFs, crypto, and other CFDs in one account. You trade on MetaTrader 5 or the NAGA Trader app, since NAGA retired MetaTrader 4 in 2026. The entry account needs a 250 dollar deposit, and spreads start near 1.1 pips, wide next to the tightest brokers here. Tighter spreads need a much bigger deposit.
On Trustpilot, NAGA held a 4.1 score from over 4,000 reviews, and roughly 9 percent were just 1 star, often about slow support and stuck withdrawals. Trustpilot paused that score in 2026 after finding reviews that broke its rules. NAGA does not serve the United States, the United Kingdom, Belgium, Australia, Canada, Japan, or New Zealand.
Min. Deposit
USD 250
Max Leverage
1:30 for retail clients in the EU, up to 1:1000 through the Seychelles entity
Spreads From
1.1 pips
Platforms
NAGA is a publicly listed fintech company and CySEC-regulated broker founded in 2015 and listed on the Frankfurt Stock Exchange. The company combines social trading and CFD brokerage into a single platform, offering a unique neobroker experience that bridges traditional forex/CFD trading with social investing features.
NAGA's flagship feature is its copy trading platform, which allows users to automatically replicate the trades of top-performing traders with full transparency on their historical performance. The platform also includes social features like a trading newsfeed, trader profiles, and community leaderboards.
The broker offers access to 950+ instruments across forex, real stocks, ETFs, commodities, indices, and cryptocurrencies. NAGA is regulated by CySEC and BaFin, and its listed status on the Frankfurt Exchange provides an additional layer of transparency and accountability not found with most private brokers.
Classic
Prime
Exclusive
50+ currency pairs available for trading
Germany BaFin Examined NAGA for Market Manipulation After Its Shares Spiked and Fell Following the IPO
August 11, 2026
CAPEX Owner Takes 75 Percent of NAGA in a Reverse Merger That Heavily Dilutes Existing Shareholders
August 10, 2026
NAGA Cofounder Yasin Qureshi Is Sentenced Over the Cum Ex Tax Scandal Linked to His Earlier Bank
August 9, 2026
NAGA Group Posts a 37 Million Euro Loss for 2022 After Parting With Its Auditor and Restating Earlier Results
August 8, 2026
NAGA Markets Pays a 150,000 Euro Settlement to CySEC Over a Broad Sweep of Investor Protection Breaches
August 7, 2026
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- CySEC (Cyprus)
- BaFin (Germany, listed)
