Editorial only. Trading CFDs is high-risk — most retail accounts lose money. We are not a broker and not a financial adviser. Capital at risk. Verify regulation and terms directly with each broker before opening an account.
NAGA Review 2026
Regulated by
- CySEC
- ASF (Romania)
NAGA is a social trading network and CFD broker whose EEA business runs through NAGA Markets Europe LTD, regulated by CySEC under licence No. 204/13 and registered with Romania's ASF. That makes it EEA-passportable, unlike the offshore entries in this comparison, and retail leverage is capped at the ESMA 30:1. Alongside CFDs it offers real shares with zero commission, and its defining feature is copy trading — automatically mirroring another trader's positions. NAGA publishes an average EUR/USD spread of 0.9 pips and a $50 minimum deposit. Its parent, NAGA Group AG, is listed on the Frankfurt Stock Exchange. CFDs are complex, leveraged products and 77.41% of retail investor accounts lose money trading them with this provider; copying another trader does not reduce that risk. Capital at risk.
Pros
- CySEC-regulated EEA entity (No. 204/13) — one of the few brokers here that is EEA-passportable
- Parent NAGA Group AG is listed on the Frankfurt Stock Exchange
- Real shares with zero commission alongside CFDs, not a CFD-only book
- $50 minimum deposit on every card and e-wallet method they list
- Social/copy trading is the core product, not an add-on
Cons
- 77.41% of retail accounts lose money — their own published figure
- 0.9 pip average EUR/USD spread is mid-table, not a raw-spread offering
- Copying another trader carries the same leveraged risk as trading it yourself
- Not available to residents of Belgium, and we do not link it in Spain
- Founding year is not published on the EU site
Broker Specifications
Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.41% of retail investor accounts lose money when trading CFDs with NAGA.
Other Top Brokers
Pepperstone
Pepperstone is an ECN broker regulated by the FCA and ASIC among seven authorities. It advertises raw spreads from 0.0 pips on its Razor account and runs a no-dealing-desk execution model, which is why it is widely used by active and algorithmic traders.
IC Markets
IC Markets is the world's largest true ECN broker by volume, processing over $20 billion daily. Ideal for high-frequency traders who need raw spreads and deep liquidity.
IG Group
IG is the world's largest CFD provider and a FTSE 250 company. With 50 years of history and regulation across 8 jurisdictions, it's the gold standard for trust and research quality.
This is not financial advice. Past performance is not indicative of future results.
