IronFX vs. Naga Comparison

This comparison overview helps customers that struggle to pick between IronFX and Naga to find the best online broker for their trading and financial investment requirements. It evaluates the highlights of both brokers side-by-side to aid customers compare their service and make an informed decision.

To help customers choose the best broker in between IronFX and Naga to find the best-suited system, listed below is a checklist of broker’s benefits and drawbacks, adhered to by a comparison of their primary trading attributes, consisting of trading systems & devices, charges, mobile trading, deposit & withdrawal, properties, law, and consumer support.

IronFX vs. Naga: Summary

Iron-fx-logo

IronFX is a forex and CFD broker founded in 2010. Therefore, it is regulated by two tier-one financial authorities (CySec and ASIC) and is considered safe. The broker provides users access to 80 forex pairs and over 300 CFDs on forex, spot metals, and futures. The broker allows trading with up to 1:300 leverage and offers a free demo account for beginner traders.

IronFX fees are below average compared to similar brokers from the industry. They charge low spreads from 0.1 pips (EUR/USD). Additionally, the broker charges 3% inactivity fees after 90 consecutive days of inactivity on any account.

IronFX’s customer support is available through email (support@IronFX.com) and live chat in English and Arabic.

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)
  • Competitive forex spreads from 0.8 pips (EUR/USD)
  • Wide range of platforms and plugins (MetaTrader 4, AutoChartist, and Trading Central)
  • Great research and education materials
  • 7 Different account types

Cons

  • Algorithmic trading is only available through MetaTrader 4
  • High inactivity fees (3% of account balance after 90 days)

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 over 80 forex pairs and 300 CFDs
  • Compatible with MT4 and Trading Central
  • Excellent Copy Trading features
  • Advanced charting and analysis tools
  • Welcome bonuses for new users
  • Commission-free CFD trading and low floating spreads from 0,0 pips

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

IronFX vs. Naga Comparison

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BROKER COMPARISON

Iron-fx-logo
naga-logo

Overall rating

3,7/5

3,7/5

Overall rating

3,7/5

3,7/5

Trading Platform & Tools

3.5

4.5

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1000:1 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

3.6

3.5

See details
Withdrawal Fee 0 $5.00
Deposit Fee 0 0
Inactivity Fee 3% on withdrawal if you have not entered a trade after deposit 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.7 1.7
Stocks & ETF 0 $6 per trade
CFD (Gold) 0.6 45
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.9

4.6

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.5

2.8

See details
Minimum deposit (in UAE) $100.00 $250.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.7

2.8

See details
Shares 0 375
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 27 0
Bonds 0 0
Forex 84 49
CFD Indices & Funds 21 31
CFD Stocks 150 448
CFD Commodities 16 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

2.8

4.1

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

Customer Support

4.3

3.9

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

Winner

IronFX vs. Naga Comparison Conclusion

The outcomes of our contrast of IronFX vs. Naga are involved the table listed below.

Broker:Best For:
IronFXForex and CFD Trading & Social Copy Trading
NagaForex and CFDs; Social trading

Picking the appropriate selection in between IronFX and Naga can be hard. Both online brokers have resemblances however differ relating to trading instruments, systems & apps, regulation, deposit & withdrawals, and research study and education and learning. Picking the most effective broker depends on users’ trading & financial investment objectives, private 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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