Naga vs. OandA Comparison

This contrast overview assists customers that have a hard time to choose in between Naga and OandA to locate the best online broker for their trading and investment demands. It evaluates the main features of the two brokers alongside to aid individuals compare their solution and make a notified choice.

To aid customers select the ideal broker between Naga and OandA to discover the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, followed by a comparison of their primary trading features, including trading platforms & devices, costs, mobile trading, deposit & withdrawal, possessions, guideline, and consumer assistance.

Naga vs. OandA: Summary

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.

Oanda logo

OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.

OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.

OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.

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

Pros

  • Low minimum deposit ($0)
  • Competitive average spread from 1.2 pips (EUR/USD)
  • MT4, MT5 and TradingView integration
  • Broad range of research and analysis tools
  • Feature rich mobile app

Cons

  • Limited assets
  • Only CFD and forex trading available
  • Customer support is only available during office hours
  • Inactivity fees

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

Key features

  • Access to 124 tradable symbols including 71 forex pairs
  • Low minimum deposit ($0)
  • Real-time currency conversion
  • MetaTrader 4 and 5 integration
  • Free VPS server
  • Trading fee and wire transfer discounts for professional traders

Naga vs. OandA Comparison

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Oanda logo

Oanda

Open account Read review

74-89% of retail CFD accounts lose money

BROKER COMPARISON

naga-logo
Oanda logo

Overall rating

3,7/5

3,8/5

Overall rating

3,7/5

3,8/5

Trading Platform & Tools

4.5

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 30:1 1:50
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.5

3.1

See details
Withdrawal Fee $5.00 $20 + Fee
Deposit Fee 0 0
Inactivity Fee 0 $10 a month after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.7 1.3
Stocks & ETF $6 per trade 0
CFD (Gold) 45 31
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.6

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.8

3.8

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

Assets

2.8

1.8

See details
Shares 375 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 49 70
CFD Indices & Funds 31 12
CFD Stocks 448 0
CFD Commodities 7 35
CFD Crypto 32 0
CFD Bonds 0 3
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.1

3.6

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

Customer Support

3.9

4.5

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

Winner

Naga vs. OandA Comparison Conclusion

The outcomes of our comparison of Naga vs. OandA are wrapped up in the table listed below.

Broker:Best For:
NagaForex and CFDs; Social trading
OandAForex and CFDs

Choosing the appropriate selection between Naga and OandA can be challenging. Both online brokers have similarities but differ relating to trading tools, platforms & applications, law, deposit & withdrawals, and research study and education and learning. Choosing the very best 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.

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