IQ Option vs. Naga Comparison

This contrast overview helps users that battle to pick in between IQ Option and Naga to find the most effective online broker for their trading and investment requirements. It examines the highlights of both brokers side by side to help users contrast their service and make an informed choice.

To help customers pick the right broker between IQ Option and Naga to find the best-suited system, listed below is a list of broker’s advantages and disadvantages, adhered to by a comparison of their major trading attributes, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, possessions, regulation, and customer support.

IQ Option vs. Naga: Summary

IQ Option logo

IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.

IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
General Risk Warning: “The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”

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

  • Multi-chart platform layout with technical analysis
  • Fast trade execution
  • 24/7 customer support in Arabic and English
  • Free demo account with $10.000 virtual money
  • Leverage of up to 1:1000

Cons

  • Trading fees are above industry average
  • Inactivity fee $10/90days

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 a wide variety of markets
  • Great research and education tools
  • User friendly platform
  • $10 minimum deposit and $1 minimum trade requirement
  • Access to 3000+ tradable symbols

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

IQ Option vs. Naga Comparison

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IQ option

IQ Option

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“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

IQ option
naga-logo

Overall rating

2,8/5

3,7/5

Overall rating

2,8/5

3,7/5

Trading Platform & Tools

3.1

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

3.3

3.5

See details
Withdrawal Fee 0 (*currency conversion fee might apply) $5.00
Deposit Fee 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 10 EUR 0
Forex (EUR/USD) 4.7pip 1.7
Stocks & ETF 0.48pip $6 per trade
CFD (Gold) 4.8pip 45
Crypto 127.14pip 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.0

4.6

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

2.8

See details
Minimum deposit (in UAE) $10 $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 Over 180 375
ETF & Funds 0 0
Crypto 19 0
Commodities 9 0
Indices 9 0
Options Over 40 0
Futures 0 0
Bonds 0 0
Forex Instruments Over 30 49
CFD Indices & Funds Over 20 31
CFD Stocks OVer 180 448
CFD Commodities 9 7
CFD Crypto 19 32
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

1.0

3.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.4

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

IQ Option vs. Naga Comparison Conclusion

The outcomes of our comparison of IQ Option vs. Naga are involved the table below.

Broker:Best For:
IQ OptionForex and CFD trading
NagaForex and CFDs; Social trading

Choosing the appropriate choice between IQ Option and Naga can be tough. Both online brokers have resemblances however differ concerning trading instruments, platforms & applications, regulation, down payment & withdrawals, and research study and education. Choosing the most effective broker depends on users’ trading & financial investment goals, 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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