NAGA vs FXCC

NAGA vs FXCC Comparison Table 2024
NAGA	FXCC
Review 2.8	Review 4.5

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.	FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
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
	3.7 Based on 3 FXCC customer reviews
Bonus Offer
	100% First Deposit Bonus Up To $2000
Comment by Reviewer
"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."	"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "
Pros
NAGA is an established firm with over 1 million traders and a public listing on the Frankfurt Stock Exchange. It’s also reassuring to see CySEC regulation at the European branch I enjoyed using the broker’s user-friendly proprietary copy-tading platform and dashboard, especially the live social feed, Academy section and leaderboard I like that deposits are fee-free and are available in a range of methods including credit cards, local bank transfers and e-wallets I’m pleased to find a range of account tiers at NAGA with attractive rewards and minimum deposits starting from $250 I found reasonably low copy trading fees at NAGA, starting from $0.99 + 5% for profits over $10	Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers As an MT4 broker, FXCC offers advanced charting tools and excellent support for algo traders, especially when combined with the free VPS The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding There are no restrictions on short-term trading strategies like day trading and scalping
Cons
I was disappointed to find withdrawal fees for all methods, starting from $5 for basic account holders. The minimum withdrawal amount is also higher than average at $50 Whilst still accessible to beginners, I think the $250 minimum deposit is still a bit higher than average	FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
Awards
	Best STP Broker 2019 - World Finance Magazine Awards Best Trading Account (XL Account) 2019 - World Finance Magazine Awards Best Trading Account (XL Account) Europe 2018 - Global Banking & Finance Awards Best STP Broker Europe 2018 - Global Banking & Finance Awards Best Trading Account (XL Account) 2018 - JFEX Awards Best MT4 Broker 2018 - JFEX Awards Best Islamic Forex Broker (XL Account) 2018 - MENA Forex Show Awards Best STP/ECN Forex Broker 2018 - MENA Forex Show Awards Best Forex Trading Account 2017 - UK Forex Awards
Instruments
CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures	CFDs, Forex, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$250	$0
Trading Platforms
NAGA Platform MT4 MT5 TradingView	MT4
Payment Methods
Multiple local payment methods available depending on the client’s country of residence	Bitcoin Payments Boleto Credit Card Debit Card Ethereum Payments Mastercard Netbanx Asia Neteller Paysafecard Rapid Transfer Skrill Sofort UnionPay Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CySEC, FSA	CySEC
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
Yes	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
	FXCC elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for day traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an FXCC account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go.
Android App Rating
	4.4
iOS App Rating
	4.8
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
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	No
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$5
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP PLN	USD EUR GBP
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq S&P 500	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq New York Stock Exchange SIX Swiss Exchange
Commodities
Coffee Copper Gold Natural Gas Oil Palladium Platinum Silver	Gold Oil Palladium Platinum Precious Metals Silver
CFD Trading
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.	FXCC offers a narrow range of CFDs beyond forex with a limited selection of metals, energies, indices and cryptos. However, it stands out with its high leverage up to 1:500, which will serve experienced day traders looking to maximize their buying power while speculating on rising and falling prices.
Leverage
1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location.	1:500
FTSE Spread
Variable	Variable
GBPUSD Spread
Variable	1.0
Oil Spread
Variable	0.03
Stocks Spread
Variable	NA
Forex Trading
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.	FXCC's key selling point is its forex trading conditions. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.
GBPUSD Spread
Variable	1.0
EURUSD Spread
Variable	0.2
EURGBP Spread
Variable	0.5
Assets
48	70+
Cryptocurrency
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.	FXCC offers 8 of the most popular cryptocurrencies, including Bitcoin, Ethereum and Litecoin. High leverage up to 1:10 is available on BTC and 1:5 on other cryptos. There are no restrictions on crypto day trading strategies with Expert Advisors (EAs) also permitted.
Spread
Variable	Variable
Coins
ADA BTC DOGE ATOM DASH EOS ETH DOT IOTA FIL LINK LTC NEO QTUM SHIB SOL TRON UNI XLM XMR XRP XTZ ZEC	BTC BCH ETH LTC XMR ZEC DAS XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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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