Desk file · 2026 edition · record confidence: medium
NAGA
NAGA: the commercial figures are advertised by the firm; each register entry carries its own status and source. An unexamined field remains unknown.
What the two desk scores say
These brand scores retain their original assessment inputs; current factual rows are listed separately.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | not verified |
Spread basis. as advertised by NAGA. Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Source links and named entities supplied with the current registration rows.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| Cyprus Securities and Exchange Commission | 204/13 | CY | T2 | entity not examined | cysec.gov.cy |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- NAGA states on its own site that it is publicly listed on the Frankfurt Stock Exchange.
- CySEC published a decision recording a €150,000 settlement with NAGA Markets Europe Ltd (https://www.cysec.gov.cy/en-GB/public-info/decisions/95953/).
- NAGA's core product is social/copy trading, with public leaderboards of traders that other users can copy.
- NAGA Capital Ltd's client agreement lists a long set of restricted countries, including Australia, Canada, Japan and all EU member states.
- NAGA: spread as advertised by the firm, 2026-10 (https://naga.com/en/trading/hours-and-fees)
- NAGA: deposit as advertised by the firm, 2026-10 (https://naga.com/en/vip-user-levels)
- NAGA: software as advertised by the firm, 2026-10 (https://naga.com/en/investing/platforms/metatrader)
- NAGA: leverage as advertised by the firm, 2026-10 (https://naga.com/en)
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- hq
- segregatedFunds
- negativeBalanceProtection
- ticker and exchange segment of the Frankfurt listing
- date of the CySEC settlement decision
- negative balance protection
| Founded | not verified |
| Head office | not verified |
| Minimum deposit | $10 (as advertised by NAGA, 2026-10 · source) |
| Leverage cap | 1:1000 (Financial Services Authority (Seychelles)) (as advertised by NAGA, 2026-10 · source) |
| EUR/USD | 0.90 (as advertised by NAGA, 2026-10 · source) pips |
| Tier-1 entries | 0 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.