This contrast overview helps individuals who battle to pick between Lightspeed and Naga to find the very best online broker for their trading and investment requirements. It analyzes the highlights of the two brokers side-by-side to help customers compare their solution and make an informed decision.
To help users pick the best broker between Lightspeed and Naga to find the best-suited system, below is a checklist of broker’s pros and cons, followed by a contrast of their major trading functions, including trading platforms & devices, charges, mobile trading, deposit & withdrawal, possessions, policy, and customer assistance.
Lightspeed vs. Naga: Summary
Lightspeed is a globally operating online broker regulated by FINRA. They offer users access to 6,000 stocks, options, and futures. Their trading platforms ( LightSpeed Trader, LightSpeed Web & Mobile, and Sterling Trader Pro) offer advanced trading and charting tools including level 2 trading and dynamic charting, LiveVolX and Eze EMS.
Lightspeed offers low per-share and per-contract fees for high volume traders. The minimum deposit requirement at Lightspeed is $10,000 or $25,000.
Lightspeed’s customer support is available 24/7 through email, live chat, and phone in English language.
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
- Great choice of different trading platforms
- Wide range of stocks, options and features
- Responsive customer support
- Competitive pricing on higher volume
Cons
- High minimum deposit requirement
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 10,000 different stocks, ETFs, options, and futures
- Trading fee discounts for active stock and ETF traders
- Broad range of risk management tools and third-party software
- Extensive education section with live webinars, trading courses, and and blog
- Level 2 order book information and dynamic charting features
- Fast order routing
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
Lightspeed vs. Naga Comparison
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Lightspeed
Naga
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 6:1 | 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
| Withdrawal Fee | $50 per transaction | $5.00 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $25 if no trading in previous year | 0 |
| Cost Per Trade | $4.50 | 0 |
| Cost Per Month | Yes, depending the platform | 0 |
| Forex (EUR/USD) | 0 | 1.7 |
| Stocks & ETF | $0.0045 per share | $6 per trade |
| CFD (Gold) | 0 | 45 |
| Crypto | 0 | 0 |
| Options | $0.60 per contract | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $10,000.00 | $250.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 4 markets | 375 |
| ETF & Funds | 4 markets | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 8 markets | 0 |
| Futures | 9 markets | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 0 | 49 |
| CFD Indices & Funds | 0 | 31 |
| CFD Stocks | 0 | 448 |
| CFD Commodities | 0 | 7 |
| CFD Crypto | 0 | 32 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Lightspeed vs. Naga Comparison Conclusion
The results of our contrast of Lightspeed vs. Naga are wrapped up in the table below.
| Broker: | Best For: |
| Lightspeed | Stocks, futures and options; High volume traders |
| Naga | Forex and CFDs; Social trading |
Selecting the best option in between Lightspeed and Naga can be tough. Both on the internet brokers have resemblances yet differ pertaining to trading tools, platforms & apps, policy, deposit & withdrawals, and research and education. Choosing the most effective broker depends on individuals’ trading & investment goals, private choices, 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.