Naga Review – Is Naga Scam or a Legit Crypto Broker?

Naga Review

One of the leading brokerage in the market with multiple assets NAGA is a leading neo broker. They have achieved the one million account’s milestone and are on the way to serving more millions with their top-notch services. They have combined more than 1 thousand markets and cryptocurrencies which are available in more than 90 countries ready to trade. Let’s have a look at the detailed NAGA brokerage review to choose one of the best brokerages for you right today.

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Leverage

Naga continues evolving according to the growing needs and wishes of its users. 1:30 Leverage was one of the most-requested updates from Naga users. A 1:30 ratio of leverage is a new trading standard among European brokers, and NAGA now joins them as a leading broker both in terms of technology and client service. Such Leverage enables traders to diversify their portfolio with larger positions while maintaining risk management safety buffers.

Social trading

Today more and more trade is using social trading. The social Trading platform allows investors to subscribe to top-performing traders before they invest in the market or copy their trades automatically for a small fee. Social trading is not something new but it became popular recently this decade due to an increase of mobile app users worldwide. In addition, Naga is always there to support social trading.

Spreads

Naga is one of the few brokerages offering the lowest spreads for all traders despite trading account size. The average spread on EUR/USD is 1.2 pips, which can be regarded as a good offering among industry peers. The commission charges for other assets might be different from what the platform says.

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In addition to the lowest spreads, Naga provides a multitude of other benefits ensuring that clients are provided with an efficient and profitable trading experience.

Minimum deposit

Most of the brokerages have no minimum amount required for depositing on their platform. This is great because you can start trading with just a small amount of money without any problems. There are some exceptions to this rule though and one of them is Naga.

This brokerage offers the minimum deposit of 0$ while many other well-known brokerages start with the minimum deposit of 200$ and 100$ which are low but NAGA is ahead of them offering more flexibility.

CTrader Open API

In a bid to provide the best trading experience, Naga has listed cTrader Open API as one of its key features. This software is available on multiple platforms and has been used by traders in more than 100 countries.

Naga is pleased to welcome cTrader Open API as part of their ever-expanding list of third-party integrations. This API will enable cTrader users to get the most out of their trading experience by allowing them to connect their cTrader platform with other existing software that they may be using.

Naga’s latest offering supports FIX API connectivity and provides real-time streaming data, allowing cTrader users to take advantage of any indicators, alerts, or strategies that their other software may be communicating. The FIX API connectivity also enables faster market data synchronization and ensures high-quality execution at the best possible speed.

CTrader Open API provides an interface protocol that allows access to all functions within CTrader’s trading platform, allowing users to build their software to interface with cTrader.

Robust customer support

They have decided to come up with a Live chat Support at Naga that has the most important information all in one place. Therefore, you can find what you are looking for quickly and easily. In addition, if are Live chat support person is available, and then you can get your problem solved even faster.

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Conclusion

Naga offers a fully regulated brokerage service for retail clients in European countries and Australia. In addition, Naga supports social trading and provides a platform for traders to share their trading ideas with others. They have launched CoTrader – an anonymous copy-trading service where investors can follow the best traders automatically.

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