This comparison guide helps users who need help choosing between AvaTrade and Naga to select the ideal online broker for their trading and investment needs. It evaluates the fundamental features of the two brokers shoulder to shoulder to help users compare their service and make an informed decision.
To help users choose between AvaTrade and Naga to find the best-suited platform, below is a list of broker’s pros and cons, followed by a comparison of their common trading features, including trading platforms & tools, fees, mobile trading, deposit & withdrawal, assets, regulation, and customer support.
AvaTrade vs. Naga: Summary
AVATrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
NAGA is a forex and CFD broker regulated by two tier-one regulators ( the CySEC and BAFIN). They offer users access to over 1,000 financial instruments including forex, stocks, commodities, indices, ETFs and cryptocurrencies. Naga users can choose between various platforms including its own proprietary platform and MetaTrader 4 and MetaTrader 5. The broker additionally offers social trading features, which makes it a common choice for beginners and intermediate traders.
Naga’s trading fees are average compared to other forex and CFD brokers (Pepperstone, AvaTrade and eToro). The broker also features an extensive education section which includes the NAGA Academy, NAGA Learn, and the Currencies Encyclopedia.
NAGA’s customer support is available through email and live chat in English, Arabic, and over 10 other languages.
Pros
- Great Research and Educational tools
- Great customer support
- Good choice of social trading options
- Intuitive trading app
Cons
- Comparing others relatively few trading instruments are offered; offers Forex, CFDs and Binary Options
Pros
- Access to 1,000 + financial instruments
- Up to 1:30 leverage
- Compatible with MetaTrader 4 and 5
- Competitive trading fees
Cons
- High fees on forex and CFDs
- Not DFSA-regulated
Key features
- Access to 1250 CFDs and 44 forex options
- Excellent copy trading features
- Advanced mobile trading app (AvaOptions)
- Industry average pricing
- Perfect for casual and advanced traders
- Access to the full meta trader suite
Key features
- 1,000 + financial instruments including crypto and NFTs from one account
- Various trading platforms (MT4, MT5, TradingCentral, AlgoTrader)
- Copy trading features
- Two tier-one licenses (CySEC and BaFIN)
- Instant withdrawals to e-wallets and crypto wallets
AvaTrade vs. Naga Comparison
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AVAtrade
Naga
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:400 | 30:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | $5.00 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $50 after every 3 months and $100 after every 12 months | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.9 | 1.7 |
| Stocks & ETF | 0 | $6 per trade |
| CFD (Gold) | 3.4 | 45 |
| Crypto | 0.35% | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $250.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 375 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | 49 |
| CFD Indices & Funds | 91 | 31 |
| CFD Stocks | 612 | 448 |
| CFD Commodities | 18 | 7 |
| CFD Crypto | 20 | 32 |
| CFD Bonds | 2 | 0 |
| Binary Options | 44 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
AvaTrade vs. Naga Comparison Conclusion
The results of our comparison of AvaTrade vs. Naga are wrapped up in the table below.
| Broker: | Best For: |
| AvaTrade | Forex, CFDs and Options |
| Naga | Forex and CFDs; Social trading |
Choosing the right broker between AvaTrade and Naga can be challenging. Both online brokers have similarities but differ regarding trading instruments, platforms & apps, regulation, deposit & withdrawals, and research and education. Picking the best broker depends on users’ trading & investment goals, personal preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.