The support is available 24/5 according to the information provided. What is decisive in this respect are the spreads, which tend to vary from one account type to the next. The online broker principally works with variable spreads that are subject to constant adjustment. NAGA Markets offers a range of different account types requiring various minimum deposits.
This enables traders to access their own trading account and trade at any time from anywhere they choose. The world’s most popular trading platforms MetaTrader 4 and MetaTrader 5 are both available to NAGA clients, and downloadable for desktops as well as mobile devices. All the performed trades are meanwhile synchronized with the NAGA platform in real time, so that they can also be copied by other traders. Many investors and traders will also take an interest in the stock trading at NAGA Markets. The shares of listed companies can be traded both long and short, enabling clients to profit from rising as well as falling prices.
When I asked why, they said it was because they are professional, seems very shady that they have to go through my account and information and a waste of time when I could have done it myself. Looked at the reviews before I got into Naga, if you are in the same shoes as myself, ignore the comments here about the withdrawal issues.
Naga Ecosystem Features
All in all, trading bots are the trendy thing for a good reason, and NAGA presents a decent product in this sphere. If you want access to all trading markets – commodoties, cryptocurrency and stocks in one place – your options are very limited. You see, it’s quite common for cryptocurrency exchanges to offer exchange fee discounts for trading with their tokens. Depositing funds in the trader’s account is very easy and it is quick. The funds can be deposited to the user’s trading account through wire transfer, credit or debit cards, Neteller, Skrill, cryptocurrencies, Giropay, NAGA card, and Trustly. Those who are used to the Metatrader may find the transformation a little tricky to get a grip on, as the improvements are targeted to attract the new generation of traders and investors. The blend of social media network with the investment and trading platform is like a new source of fresh air that connects all kinds of masses.
NAGA WALLET also offers zero fees on internal transactions, an ICO hub, real-time updates on token prices, instant transactions, multi-currency support, and a built-in exchange. Beginners are also aided by NAGA Markets’ focus on social and copy trading which allows users to find mentors with just a few https://billfortney.com/?p=22565 clicks. The social trading aspect makes the first foray into trading less daunting as costly mistakes can be avoided. Auto-copying is a central tenet of the NAGA platform as it allows users to replicate the activities of well-know investors and expert traders with just a single click of a button.
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However, one of the trades put me in a big loss and my total p&l for ALL TIME was -£70. I am a UK medical student so I can see something wrong from a mile away.
Opening an account with this broker provides access to multiple services including NAGA TRADER, NAGA Wallet, NAGA Stocks, NAGA Wealth, and NAGA Virtual. On NAGA Markets it is possible to trade cryptocurrencies, commodities, ETFs, stock CFDs, Forex sets, Indices, Equities, etc. Another important part of the NAGA ecosystem is a NAGA messenger. By some accounts, NAGA was the first platform to provide a trading-focused messenger. The service is well-suited for sharing trading-specific data like market analysis info. As such data can require an immediate reaction from the trader, the NAGA messenger provides the option to quickly proceed from the messenger to the trading interface.
They also go into details on the technologies they are developing. Again, there’s not much detail on the teams and their background. NGC acts as a facilitator for a range of services in the broad trade and finance domain. These services also form the better part of the entire NAGA Coin ecosystem under the NAGA banner.
An important role for selecting a suitable online broker is always also played by the trading platforms available there. NAGA Markets offers its clients various alternatives in this respect, which shall be presented in more detail below. In a nutshell, the online broker’s vision in doing so is “financial integration for all“. NAGA claims to primarily pursue the objectives of advancing the fintech industry and being “a leading trusted, secure, and the most advanced social investing network” in the process.
Trading Conditions At This Online Broker
The quality of exchanges it trades on is also examined, as some exchanges will list any coin, in exchange for payment. NAGA has developed SwipeStox and Switex to help reach its goal.
errors every day, slow in everything, if you want to lose your money and mind, join them. NAGA Markets customer service is available through three primary channels; live chat, email and phone. It is available 24 hours a day during the working week (Mon-Fri) and users can expect a reply via phone and live chat within minutes.
- One of the biggest perks of using NAGA coin is their exchange fees discount.
- Cryptocurrency technology is a little temperamental – because exchanges often crash and suffer from latency issues.
- The company behind Tokensale is “NAGA Development Association Ltd” company that is incorporated under the laws of Belize.
- Moreover, the NAGA Wallet is associated with the NAGA Credit Card that enables the trader to utilize cryptocurrencies to pay for anything.
- NAGA Markets empowers traders to speculate on price movements on financial markets around the world through an extensive CFD offering.
- The comprehensive UX enables users to share analysis and keep tabs on the activity of other traders and their views on markets, as well as publish, share, like and comment on posts.
So you can trade online without any third party interfering with your trades. NAGA would basically store all of your trading data in one place on their platform. So instead of logging into all of your accounts, you’d have one central place to trade from. They’re trying to create a one-stop solution for trading any type of financial or digital asset. NAGA’s mission is basically to make trading financial and digital assets more transparent, convenient and accessible. With big plans for a multi-asset trading exchange, they have an interesting business model. The minimum deposit amount to deposit in the trading account of NAGA starts at $250, and it varies with the deposit methods used.
Traders can trade crypto pairs and major currencies including GBP and USD and access to more than 15 cryptos including the forementioned Bitcoin as well as Ripple, Litecoin, Dash and Bitcoin Cash. NAGA Market also has a crypto called Naga Coin , which aims to blur the lines between financial markets and digital money. Naga Trader is known as a groundbreaking social trading platform among cryptocurrency experts and novices alike. With innovation and user experience as its top priorities, Naga Trader is one of the most accessible social trading platforms available today. With rookie traders in mind, Naga Trader’s payment methods are a soft landing for anyone just getting interested in cryptocurrencies.
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The mix of news and updates through the blog, education for clients, good customer support and simple copy trading, will attract more new traders. The platform strives to make the trading strategy trading and investment process simple for the traders . It does so with CYBO (the artificial intelligence-based trading and investment robot advisor), and NAGA portfolio feature.
On the user side, Naga Trader encourages its users to adopt 2-factor authentication. In May 2018, the Naga Trader app achieved another level of security with a facial recognition verification process that is fully automated. Each trader has their aggregate profit/loss, number of autocopiers, and number of trades listed next to their names. Another feature that makes Naga Trader a smart choice for inexperienced traders is CYBO, a robo-advisor option available to users since late 2017. After clicking finding CYBO on the dashboard, you answer a number of questions to gauge your investing preferences. CYBO then begins to invest on your behalf, 24/7, based on the information you’ve provided.
NAGA Coin is a utility token launched by the Germany-based fintech company NAGA Group AG. This token is used to connect the NAGA ecosystem with the outside asset markets. In December 2017 the company raised a whopping amount of $50 million in the ICO.
The platform helps users invest in and manage a range of financial instruments and assets, including digital assets, cryptocurrencies, stocks, and more. In addition to becoming a financial juggernaut, the platform also focuses on spreading valuable financial knowledge through its dedicated education platform. The thing that can turn the beginners off is a considerably high minimum deposit. The minimum sum that can be deposited on the NAGA exchange is €500. This makes the platform suitable only for people who already know what they want and how to get it.
Manage 23 coins and ERC-20 tokens with Ledger Live, and more using external wallets, from the security of your hardware USD Tether NAGA Coin. Even with NAGA Markets being a very young online broker in comparison, there is already a number of client reviews available online.
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ICORating does not provide investment, financial, or legal advice. Moreover, the company is backed by a German-based tech firm CySEC which means that NAGA is a regulated and law-abiding responsible platform. What makes NAGA TRADER especially convenient is the high number of withdrawal and deposit options. Users can do these operations via the NAGA card, bank cards, cryptocurrency wallets, wire transfer, and such services like Skrill, GiroPay, Neteller, and Trustly. Personally, I wouldn’t trade on a new exchange because I struggle to trust them.
ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach How to Use the Price Rate of Change Indicator of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.