Interactive Brokers vs. Naga Comparison

This comparison guide helps customers who have a hard time to choose in between Interactive Brokers and Naga to discover the most effective online broker for their trading and investment needs. It examines the highlights of both brokers side by side to aid individuals compare their solution and make a notified choice.

To help individuals choose the right broker in between Interactive Brokers and Naga to find the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, followed by a contrast of their primary trading attributes, including trading platforms & tools, costs, mobile trading, deposit & withdrawal, possessions, regulation, and client assistance.

Interactive Brokers vs. Naga: Summary

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

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 ($0)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials missing

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

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

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

Interactive Brokers vs. Naga Comparison

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Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

BROKER COMPARISON

Interactive Brokers
naga-logo

Overall rating

4,9/5

3,7/5

Overall rating

4,9/5

3,7/5

Trading Platform & Tools

4.9

4.5

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 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

4.9

3.5

See details
Withdrawal Fee 0 $5.00
Deposit Fee 1% 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips + 0.08 to 0.20 bps times trade size comission 1.7
Stocks & ETF $ 0.005 per share $6 per trade
CFD (Gold) 0.02% 45
Crypto 0.12% to 0.18% of trade value 0
Options 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees Yes on CFD’s

Mobile Trading

5.0

4.6

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

2.8

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

Assets

4.9

2.8

See details
Shares 16.500 375
ETF & Funds 35.000 0
Crypto 4 0
Commodities 1 0
Indices 3052 0
Options 50.000 0
Futures 245 0
Bonds 1.000.000 0
Forex 115 49
CFD Indices & Funds 13 31
CFD Stocks 8.000 448
CFD Commodities 2 7
CFD Crypto 0 32
CFD Bonds 0 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

4.8

4.1

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

Customer Support

4.9

3.9

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

Winner

Interactive Brokers vs. Naga Comparison Conclusion

The results of our contrast of Interactive Brokers vs. Naga are wrapped up in the table below.

Broker:Best For:
Interactive BrokersStocks and ETFs
NagaForex and CFDs; Social trading

Picking the best option in between Interactive Brokers and Naga can be challenging. Both on the internet brokers have similarities but differ concerning trading instruments, platforms & applications, law, deposit & withdrawals, and study and education and learning. Picking the best broker relies on individuals’ trading & financial investment objectives, specific choices, 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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