FXCM vs. Naga Comparison

This comparison overview helps customers who battle to choose between FXCM and Naga to find the best online broker for their trading and investment demands. It assesses the main features of both brokers side by side to assist customers compare their service and make a notified choice.

To aid individuals select the ideal broker in between FXCM and Naga to locate the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, complied with by a comparison of their main trading functions, including trading platforms & tools, fees, mobile trading, down payment & withdrawal, assets, law, and client assistance.

FXCM vs. Naga: Summary

FXCM logo

FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.

FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.

FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.

FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.

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 ($50)
  • Average forex spread and 0% commission
  • Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
  • Detailed Trade execution reports (execution quality and slippage)
  • Feature rich mobile apps

Cons

  • Low amount of trading instruments
  • Relatively high trading and other fees

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

  • Over 400 CFDs across various markets
  • Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
  • Multiple order types availability
  • TradingView integration
  • Support for advanced, algorithmic, and copy trading
  • Regulated by 4 tier-one regulators

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

FXCM vs. Naga Comparison

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FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

FXCM logo
naga-logo

Overall rating

4,0/5

3,7/5

Overall rating

4,0/5

3,7/5

Trading Platform & Tools

4.7

4.5

See details
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

3.4

3.5

See details
Withdrawal Fee $40 $5.00
Deposit Fee 0 0
Inactivity Fee $50 per year after 12 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips 1.7
Stocks & ETF 0 $6 per trade
CFD (Gold) 0.5 pips 45
Crypto 0 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

2.5

2.8

See details
Minimum deposit (in UAE) $300 $250.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.0

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 Instruments 45 49
CFD Indices & Funds 15 31
CFD Stocks 219 448
CFD Commodities 12 7
CFD Crypto 7 32
CFD Bonds 1 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

5.0

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

FXCM vs. Naga Comparison Conclusion

The outcomes of our comparison of FXCM vs. Naga are wrapped up in the table listed below.

Broker:Best For:
FXCMForex and CFDs; Algorithmic trading
NagaForex and CFDs; Social trading

Choosing the best selection between FXCM and Naga can be difficult. Both online brokers have resemblances but differ pertaining to trading instruments, systems & applications, policy, deposit & withdrawals, and study and education. Choosing the very best broker depends upon individuals’ trading & investment goals, private 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.

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