Avatrade vs Naga
| AvaTrade | NAGA |
|---|---|
4.9
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2.8
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AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support. |
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 | |
| Customer Reviews | |
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4.3
Based on 4 AvaTrade customer reviews
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| Comment by Reviewer | |
| "AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit." | "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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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting | CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $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 | |
| ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM | CySEC, FSA |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 2% | |
| STP Account | |
| Yes | No |
| ECN Account | |
| No | No |
| DMA Account | |
| Yes | No |
| MAM Account | |
| Yes | 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 | |
| Yes | Yes |
| Market Maker | |
| Yes | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| App Review | |
AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that’s not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that’s rare to find elsewhere. |
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| Android App Rating | |
4 |
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| iOS App Rating | |
4.3 |
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| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade. The comprehensive performance metrics can help you find the right strategy provider for your goals and risk appetite. | 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 | |
| Yes | Yes |
| Trade Signals | |
| Yes | Yes |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $50 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities. | 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 | |
| 1:30 (Retail) 1:400 (Pro) | 1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location. |
| FTSE Spread | |
| 0.5 | Variable |
| GBPUSD Spread | |
| 1.5 | Variable |
| Oil Spread | |
| 0.02 | Variable |
| Stocks Spread | |
| 0.13 | Variable |
| Forex Trading | |
| AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education. | 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. |
| Forex App | |
AvaTrade provides AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today. |
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| GBPUSD Spread | |
| 1.5 | Variable |
| EURUSD Spread | |
| 0.9 | Variable |
| EURGBP Spread | |
| 1.5 | Variable |
| Assets | |
| 50+ | 48 |
| Currency Indices | |
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| Cryptocurrency | |
| Regulated in five continents, AvaTrade offers a secure way to access crypto markets. There's a great range of digital currencies including Bitcoin, Ethereum and Ripple, plus a crypto index. You can access competitive crypto spreads in the broker's wide choice of platforms as well as 1:2 leverage. | 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 | |
| BTC <1%, ETH 2% | 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 | |
| More Comparisons | |
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AvaTrade vs |
NAGA vs |