FP Markets vs. Naga Comparison

This comparison guide assists users who have a hard time to choose in between FP Markets and Naga to discover the most effective online broker for their trading and financial investment demands. It assesses the main features of both brokers side-by-side to help individuals compare their service and make an informed choice.

To assist users choose the best broker in between FP Markets and Naga to find the best-suited system, below is a list of broker’s advantages and disadvantages, adhered to by a contrast of their primary trading features, including trading platforms & tools, fees, mobile trading, down payment & withdrawal, possessions, policy, and consumer assistance.

FP Markets vs. Naga: Summary

FP Markets logo

FP Markets is a multi-asset broker regulated by two tier-one regulators (the CySEC and ASIC). It offers access to over 10,000 tradable symbols across a variety of markets including forex, shares, commodities, cryptocurrencies and CFDs. FP Markets charges low spreads from 0.1 pips (EUR/USD) on their cTrade and MetaTrader accounts without any commission. The broker also offers negative balance protection, up to 30:1 leverage and access to a free NY4 VPS server.

The minimum deposit at FT Markets is $100. Their customer service is available 24/7 by phone, email and live chat.

naga-logo

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 currencies, shares, cryptos, commodities, ETFs and indices. 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 among beginner 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

  • Low minimum deposit ($100)
  • Low spreads from 0,0 pips EUR/USD
  • Compatibility with MT4, MT5 and cTrader
  • Free VPS server
  • Fast account opening

Cons

  • Only CFD and forex trading
  • Demo account is not unlimited

Pros

  • Access to 1,000 + financial instruments
  • Compatible with MT4, MT5 and TradingCentral
  • Up to 1:30 leverage
  • Excellent copy trading features
  • Fast account opening

Cons

  • High fees on forex and CFDs
  • Not DFSA-regulated

Key features

  • Access to 10,000 tradable symbols (CFDs on forex, stocks, ETFs..)
  • Compatibility with MT4, MT5 and cTrader
  • MAM/PAMM accounts availability
  • Islamic account availability
  • Excellent copy trading features (Myfxbook Autotrade)
  • Wide range of advanced trading tools (Autochartist, Traders Toolbox)

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
  • Up to 1:30 leverage

FP Markets vs. Naga Comparison

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FP Markets logo

FP Markets

Open account Read review

75.31% of retail CFD accounts lose money

BROKER COMPARISON

FP Markets logo
naga-logo

Overall rating

4,3/5

3,7/5

Overall rating

4,3/5

3,7/5

Trading Platform & Tools

4.2

4.5

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 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

5.0

3.5

See details
Withdrawal Fee 0 $5.00
Deposit Fee 0 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) $3 per lot per trade + 0 pips 1.7
Stocks & ETF 0.13 pips $6 per trade
CFD (Gold) 0.13 pips 45
Crypto 9.13 pips 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

4.6

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.1

2.8

See details
Minimum deposit (in UAE) 0 $250.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.1

2.8

See details
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 63 49
CFD Indices & Funds 14 31
CFD Stocks 9000 448
CFD Commodities 10 7
CFD Crypto 4 32
CFD Bonds 2 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

3.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.3

4.1

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

3.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

FP Markets vs. Naga Comparison Conclusion

The results of our comparison of FP Markets vs. Naga are involved the table below.

Broker:Best For:
FP MarketsForex and CFD trading with low fees
NagaForex and CFDs; Social trading

Picking the ideal option in between FP Markets and Naga can be tough. Both on-line brokers have similarities yet vary pertaining to trading instruments, systems & applications, policy, down payment & withdrawals, and research and education. Picking the best broker relies on users’ trading & financial investment objectives, private preferences, and experience degree.

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.

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