Naga vs. Saxo Bank Comparison

This contrast overview assists customers that battle to choose in between Naga and Saxo Bank to discover the best online broker for their trading and financial investment demands. It analyzes the highlights of the two brokers side-by-side to aid customers compare their service and make a notified decision.

To aid customers pick the right broker between Naga and Saxo Bank to find the best-suited system, below is a listing of broker’s benefits and drawbacks, followed by a contrast of their primary trading functions, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, properties, law, and client support.

Naga vs. Saxo Bank: 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.

Saxo Bank logo

Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.

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

  • Industry leading market coverage
  • Excellent Trading Features with SaxoTraderGo
  • Advanced order type and account protection features
  • Intuitive and easy to use mobile trading app
  • Great education and research materials
  • Competitive fee structure for active traders

Cons

  • $10,000 minimum deposit for UAE users
  • High time investment to set up
  • Only for advanced traders

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

  • 40.000 tradable symbols available (crypto derivatives, forex options and futures)
  • Advanced account protection and order types
  • Fast execution of trades
  • $2.000 minimum deposit
  • “Best in class” educational resources
  • Great ease of use level combined with advanced features

Naga vs. Saxo Bank Comparison

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Saxo

Saxo Bank

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69% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

naga-logo
Saxo

Overall rating

3,7/5

4,9/5

Overall rating

3,7/5

4,9/5

Trading Platform & Tools

4.5

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 30:1 1:20
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

4.7

See details
Withdrawal Fee $5.00 0
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.7 1
Stocks & ETF $6 per trade 0.08% with $1 min. commission on US stocks
CFD (Gold) 45 $0.60
Crypto 0 0
Options 0 $0.75
Conversion Fees 0 0,75%
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

4.7

See details
Minimum deposit (in UAE) $250.00 $5000
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.8

4.9

See details
Shares 375 30.000
ETF & Funds 0 5.800
Crypto 0 9
Commodities 0 0
Indices 0 0
Options 0 3.000
Futures 0 300
Bonds 0 4.200
Forex Instruments 49 200
CFD Indices & Funds 31 50
CFD Stocks 448 19.000
CFD Commodities 7 50
CFD Crypto 32 0
CFD Bonds 0 0
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

4.8

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

Customer Support

3.9

4.9

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

Winner

Naga vs. Saxo Bank Comparison Conclusion

The results of our contrast of Naga vs. Saxo Bank are involved the table below.

Broker:Best For:
NagaForex and CFDs; Social trading
Saxo BankPremium Trades and CFD Trading

Picking the best option between Naga and Saxo Bank can be tough. Both online brokers have similarities but vary concerning trading tools, systems & applications, policy, down payment & withdrawals, and research and education and learning. Picking the very best broker relies on users’ trading & financial investment objectives, 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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