Naga vs ZuluTrade

NAGA vs ZuluTrade Comparison Table 2024
NAGA	ZuluTrade
Review 2.8	Review 3.1

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.	ZuluTrade is a renowned social-wealth management platform that allows investors to trade by copying the trades of experienced traders, also known as leaders. This award-winning platform supports social trading and copy trading across multiple assets and has a network of more than 90,000 Leaders and 1,000+ brokers. ZuluTrade is part of the Finvasia Group and is regulated in the EU, South Africa, Japan and Mauritius.
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
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."	"We recommend ZuluTrade for investors interested in joining one of the world's largest and best-performing social trading networks. The platform is user-friendly and clients can copy trade in a variety of popular financial markets."
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	First and oldest copy trading platform A vibrant social community of traders to connect, share, learn and grow Reliable and easy-to-use mobile app Access to popular cryptocurrencies including Bitcoin Free and fully functioning demo account, perfect for beginners Wide range of performance indicators and graphs to help evaluate leaders More than 90,000 leaders to follow and copy which could result in greater earnings Investors can comment directly on leaders’ profile pages Only view the top leaders who comply with stringent criteria, demonstrating consistent and reliable performance Broker and Platform Agnostic, which means that users can enjoy the freedom of choice across a variety of brokers, markets and trading platforms
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	Some inconsistent leaders to be aware of Employing an effective money management system can be difficult for beginners Leaders are not formally vetted. The ZuluGuardTM feature does mitigate this risk, however, by automatically removing a leader when detecting a trading strategy has deviated from its expected loss profile
Awards
	Best Social Trading Solution at UF Awards 2022 Best Social Wealth Management Platform at Forex Expo Dubai in October 2022 Best Social Trading Solution Award at iFX EXPO Dubai 2023 Best Wealth Management Platform Africa Awards at FAME Awards 2023 Best Social Trading Solution at UF Awards APAC 2023Best Social Trading Solution at UF Awards Global 2023 in Cyprus
Instruments
CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures	CFDs; Forex, Stocks, Cryptos, Commodities, Indices
Demo Account
Yes	Yes
Minimum Deposit
$250	Broker Dependant
Trading Platforms
NAGA Platform MT4 MT5 TradingView	X Open Hub Match-Trader MT4 MT5 ActTrader
Payment Methods
Multiple local payment methods available depending on the client’s country of residence	Investors - Broker-Dependent. Leaders - Bank Transfer, PayPal, Cryptos
Minimum Trade
0.01 Lots	$1
Regulator
CySEC, FSA	HCMC in EU, FSA in Japan, FSC in Mauritius, FSCA in South Africa
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	No
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	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes	ZuluTrade are market leaders in automated trading. From scripts to auto execution APIs and copy trading.
Copy Trading
Yes	Yes
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.	Investors can follow the strategies and positions of 90,000+ traders spanning a range of financial markets. ZuluTrade is one of the top-rated and regulated copy trading platforms globally, with multiple industry awards, an excellent reputation and a suite of risk management tools and real-time analysis features.
Social Trading
Yes	Yes
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
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP PLN
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
Commodities
Coffee Copper Gold Natural Gas Oil Palladium Platinum Silver	Gold Oil 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.	CFD trading not offered
Leverage
1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location.	Broker Dependent
FTSE Spread
Variable	Broker dependent
GBPUSD Spread
Variable	Broker dependent
Oil Spread
Variable	Broker dependent
Stocks Spread
Variable	Broker dependent
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.	In the realm of Forex CFDs, ZuluTrade offers access to an extensive selection of currency pairs, enabling traders to engage in the exciting world of currency exchange with ease and flexibility.
GBPUSD Spread
Variable	Broker dependent
EURUSD Spread
Variable	Broker dependent
EURGBP Spread
Variable	Broker dependent
Assets
48	Broker dependent
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.	ZuluTrade supports Crypto CFDs, making it possible for traders to speculate on the price movements of cryptocurrencies like Bitcoin and Ethereum. This feature allows traders to participate in the cryptocurrency market without owning the underlying assets.
Spread
Variable	Broker dependent
Coins
ADA BTC DOGE ATOM DASH EOS ETH DOT IOTA FIL LINK LTC NEO QTUM SHIB SOL TRON UNI XLM XMR XRP XTZ ZEC
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
More Comparisons
NAGA vs	ZuluTrade vs