Alpari vs NAGA
| Alpari | NAGA |
|---|---|
3.8
|
2.8
|
|
Alpari is an offshore multi-asset broker that offers traders a wide range of forex trading opportunities as well as stock, index and commodity CFDs. The broker also offers fixed costs with payouts known upfront. Trading takes place on the reliable MT4 and MT5 platforms, plus the brand's mobile app. Alpari offers tight ECN spreads which will serve active day traders. |
NAGA is a German social investing platform offering copy trading on 950+ financial markets including CFDs and real stocks. Founded in 2015, the company is publicly listed on the Frankfurt Stock Exchange and is regulated by CySEC (Cyprus) and the FSA (Seychelles). The firm offers an all-in-one web platform and mobile app, but traders can also synchronize their NAGA accounts with the MT4 or MT5 platforms. |
| RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money | |
| Bonus Offer | |
| 30% up to $100 (terms apply) | |
| Comment by Reviewer | |
| "Alpari will suit short-term binary options traders with a low $5 deposit, powerful charting terminals, and a rebate scheme. Forex traders also get very high leverage with tight spreads while the broker's PAMM service will appeal to hands-off investors." | "After exploring all the platform features, I think NAGA will be ideal for experienced copy traders who can reap the benefits of the higher VIP account tiers, including boosted earnings for copied trades and lower withdrawal fees. That said, I think beginners will also appreciate the user-friendly social features and education Academy." |
| Pros | |
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| Cons | |
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| Instruments | |
| Forex, CFDs, Stocks, Commodities, Indices, Crypto | CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $5 | $250 |
| Trading Platforms | |
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| Payment Methods | |
| Multiple local payment methods available depending on the client’s country of residence | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSC, SEBI, JFSA | CySEC, FSA |
| Margin Trading | |
| No | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| Yes | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | Yes |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Android App Rating | |
3.6 |
|
| iOS App Rating | |
3.6 |
|
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Users can follow experienced strategy managers at Alpari, including seasoned forex traders. The broker offers account ratings to help you find a suitable provider as well as notifications on returns and one-click deposits and withdrawals. | I thoroughly enjoyed using NAGA’s proprietary copy trading terminal, which rivals some of the top competitors. There’s a visually appealing live social feed to explore alongside the Market Buzz feature, as well as the economic calendar and education section. I like that you can easily switch between live and demo mode if you intend to practice your strategies as you go. |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $5 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Alpari offers CFDs on 60+ forex pairs, hundreds of global stocks, 11 stocks indices and spot metals and energies. Trading takes place via the MT4 or MT5 platforms, and the broker provides strategy and copy trading support as well as educational resources and 24/5 multilingual customer service. | I found a good selection of 950+ CFDs. Traders can get started with a $250 minimum deposit, which gets you unlimited access to webinars, ebooks and trade alerts. Standard spreads in the basic account are around 1.7 pips, however, the most competitive spreads from 0.7 pips are only accessible to those who can deposit $50,000 or more. |
| Leverage | |
| 1:1000 | 1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location. |
| FTSE Spread | |
| 13 | Variable |
| GBPUSD Spread | |
| 0.7 | Variable |
| Oil Spread | |
| 4.0 | Variable |
| Stocks Spread | |
| 2.0 | Variable |
| Forex Trading | |
| Alpari traders can access 60+ currency pairs and crosses via CFDs on the MT4 and MT5 platforms. The broker offers very competitive pricing, especially on the ECN Pro account which is commission free. Significant leverage up to 1:1000 is available. | NAGA offers an average range of 40+ currency pairs with variable spreads and lot sizes, including Micro and Mini lots. I found that you can start copying with a fixed minimum of $50 or a variable minimum relative to the leader. Copy fees start from $0.99 and I like that you can test out the platform in the $10,000 virtual account. |
| GBPUSD Spread | |
| 0.7 | Variable |
| EURUSD Spread | |
| 0.4 | Variable |
| EURGBP Spread | |
| 0.6 | Variable |
| Assets | |
| 50+ | 48 |
| Currency Indices | |
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| Cryptocurrency | |
| Alpari offers a solid selection of popular crypto tokens paired with the USD. Spreads are competitive, starting at 1 and users can analyze the digital asset markets with the leading MetaTrader platforms, including on the weekends. | I was impressed to find 30+ crypto derivatives at NAGA, including popular crypto-fiat pairs like ETHUSD and BTCEUR. I like that you can easily set alerts in the platform, based on price, percentage or pips. |
| Spread | |
| 1 | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money | |
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