IG Trading vs. Naga Comparison

This comparison overview helps users that battle to choose in between IG Trading and Naga to locate the best online broker for their trading and investment requirements. It evaluates the highlights of the two brokers side by side to aid individuals compare their solution and make an informed choice.

To aid individuals choose the right broker in between IG Trading and Naga to locate the best-suited platform, below is a listing of broker’s advantages and disadvantages, complied with by a comparison of their major trading features, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, possessions, law, and consumer assistance.

IG Trading vs. Naga: Summary

IG Trading logo

IG is a globally operating online broker regulated by eight tier-one regulators (FCA, ASIC, JFSA, MAS, FINMA, FMA, CFTC and MiFID). They offer users access to 19,500 tradable symbols including 20,000 CFDs, forex, forex options, stocks and cryptocurrencies. IG users can choose between various trading platforms including a proprietary Web-based platform, L2 Dealer DMA, MetaTrader 4 and ProRealTime charting feature.

IG trading fees are competitive for active traders. The size of the brokers allows fast and reliable order execution also on larger orders. IG also offered spread rebates on higher volume CFD trades.

IG additionally offers extensive educational materials (daily video market updates and technical and fundamental analysis case studies), a wide range of trading and research tools for beginners and advanced and intuitive trading apps.

IG’s customer service is available through live chat, email, phone, and WhatsApp in English, 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

  • Regulated by 8 tier-one regulators
  • Low average spreads from 0.82 pips EUR/USD
  • Wide range of trading platforms and third party plugins
  • Extensive research and education resources
  • Wide range of platforms

Cons

  • Slightly higher fees on CFDs
  • Limited banking options

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 20,000 tradable symbols
  • Compatible with MT4, L2 Dealer and ProRealTime
  • Unlimited demo paper trading account
  • Advanced research and analysis tools (L2 Dealer and ProRealTime)
  • Availability of EA’s and other automated trading software
  • Free trading signals and alerts

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

IG Trading vs. Naga Comparison

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IG Trading logo

IG Trading

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BROKER COMPARISON

IG Trading logo
naga-logo

Overall rating

4,2/5

3,7/5

Overall rating

4,2/5

3,7/5

Trading Platform & Tools

5.0

4.5

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

3.7

3.5

See details
Withdrawal Fee 0 $5.00
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month $18 0
Forex (EUR/USD) 0.6 pips 1.7
Stocks & ETF 0.3 pips $6 per trade
CFD (Gold) 0.3 pips 45
Crypto 0 0
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

4.6

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

2.8

See details
Minimum deposit (in UAE) $5500 $250.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.5

2.8

See details
Shares 1000 375
ETF & Funds 1000 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 80 49
CFD Indices & Funds 80 31
CFD Stocks 12000 448
CFD Commodities 6 7
CFD Crypto 10 32
CFD Bonds 12 0
Binary Options 100 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

IG Trading vs. Naga Comparison Conclusion

The outcomes of our comparison of IG Trading vs. Naga are wrapped up in the table below.

Broker:Best For:
IG TradingGreat overall multi-asset broker
NagaForex and CFDs; Social trading

Picking the best choice between IG Trading and Naga can be tough. Both on-line brokers have similarities yet differ relating to trading tools, systems & applications, guideline, down payment & withdrawals, and research and education. Choosing the best broker relies on users’ trading & investment objectives, 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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