Naga vs. XM Comparison

This comparison overview assists customers that struggle to pick between Naga and XM to find the best online broker for their trading and financial investment needs. It analyzes the highlights of the two brokers side by side to help users compare their solution and make an educated decision.

To help individuals pick the right broker in between Naga and XM to discover the best-suited system, below is a checklist of broker’s benefits and drawbacks, followed by a contrast of their primary trading features, including trading systems & devices, fees, mobile trading, down payment & withdrawal, possessions, policy, and client assistance.

Naga vs. XM: 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.

XM logo

XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.

XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.

XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)

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

  • Very good customer support
  • Very competitive trading fees
  • Good choice of different trading platforms

Cons

  • Could have more deposit and withdrawal options

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 1,000+ trading instruments
  • Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
  • No re-quotes nor order rejections
  • Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
  • Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
  • Free VPS perfectly suited for EAs and other automated trading software

Naga vs. XM Comparison

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XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

BROKER COMPARISON

naga-logo
XM logo

Overall rating

3,7/5

4,1/5

Overall rating

3,7/5

4,1/5

Trading Platform & Tools

4.5

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 30:1 1:888
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

4.1

See details
Withdrawal Fee $5.00 0
Deposit Fee 0 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.7 1.6 pips
Stocks & ETF $6 per trade 0,1% – (min $5)
CFD (Gold) 45 3 pips
Crypto 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.6

4.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.8

3.8

See details
Minimum deposit (in UAE) $250.00 $5
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.8

2.8

See details
Shares 375 100
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 49 55
CFD Indices & Funds 31 14
CFD Stocks 448 1286
CFD Commodities 7 14
CFD Crypto 32 5
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

5.0

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. XM Comparison Conclusion

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

Broker:Best For:
NagaForex and CFDs; Social trading
XMResearch & Education

Picking the best option in between Naga and XM can be tough. Both on the internet brokers have similarities yet differ regarding trading instruments, platforms & apps, regulation, deposit & withdrawals, and research study and education and learning. Choosing the very best broker depends on customers’ trading & financial investment goals, specific preferences, 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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