Naga vs OctaFX

NAGA vs OctaFX Comparison Table 2023
NAGA	OctaFX
Review 2.8	Review 4.1
Traders from US not accepted	Traders from US not accepted
NAGA is a social investing platform offering copy trading on major financial markets including CFDs and real stocks.	OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage 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
	Up to 50% deposit bonus
Promotions
	Get A 50% Bonus On Each Deposit At OctaFX
Pros
	Full range of investments Low minimum deposit Highly rated MetaTrader 4 and 5 Copy trading Commission-free trading Mobile app compatibility Negative balance protection (Within EU) No deposit & withdrawal fees Comprehensive educational content Bonuses and contests available (non-EU) High Leverage 1:500 (non-EU) Demo account with access to unlimited virtual funds Offers Islamic accounts
Cons
	Few payment methods No global stocks trading Zero pip spreads unavailable The global entity is regulated offshore Small selection of tradeable instrument
Awards
	Most Secure Broker Indonesia 2022- International Business Magazine Best Global Broker Asia 2022- International Business Magazine Best Forex Broker Pakistan 2022- Global Brands Best Forex Broker India 2022- World Finance Best Mobile Trading Platform 2022- FXDailyInfo Best In Class For Social Copy Trading 2022- Forexbrokers.com Best Trading Conditions Asia 2021- World Business Outlook
Instruments
CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures	Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$250	$100
Payment Methods
Multiple local payment methods available depending on the client’s country of residence	Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01	0.01 lots
Regulator
CySEC	SVGFSA, CySEC
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
Yes	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	Yes
eSignal
Yes	No
Trading Central
Yes	No
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
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	Yes (iOS & Android)
Auto Trading
Yes	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
NAGA is a leading copy trading platform offering low fees and exposure to thousands of experienced traders and hundreds of different instruments.	Copy trading in OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance for live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes (EAs)
VPS Hosting
No	Yes
Tournaments
Yes	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
0	0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP PLN	USD EUR
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group Nasdaq S&P 500	Dow Jones FTSE UK Index Nasdaq
Commodities
Gold Silver	Gasoline Gold Natural Gas Oil Silver
CFD Trading
Naga offers competitive trading conditions on a range of contracts for difference.	Trade CFDs on the financial markets with floating spreads and flexible leverage.
Leverage
1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location.	1:500 (Global), 1:30 (EU)
FTSE Spread
Variable	1.8
GBPUSD Spread
Variable	1.1
Oil Spread
Variable	0.7
Stocks Spread
Variable	Variable
Forex Trading
A long list of currencies and variable spreads with high trading volumes and liquidity are available.	OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips.
Forex App
	OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.
GBPUSD Spread
Variable	1.1
EURUSD Spread
Variable	0.7
EURGBP Spread
Variable	2.1
Assets
48	35
Cryptocurrency
Trade popular crypto tokens against the US Dollar (with NAGA Markets Europe Ltd)	Trade 30+ popular digital currencies paired with the USD.
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 LTC ETH ZEC SOL ADA DOT ATOM LINK AVAX BTB MANA MATIC NEAR IOTA DOGE DASH ALGO AAVE
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. A high percentage 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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