Oanda vs Naga

OANDA vs NAGA Comparison Table 2023
OANDA NAGA
4.5

OANDA is #4 in our broker rankings.

2.8
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.

NAGA is a social investing platform offering copy trading on major financial markets including CFDs and real stocks.

CFDs are not available to residents in the United States. 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
$5,000 welcome bonus with a deposit of $500
Comment by Reviewer
"We recommend OANDA for traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick for US traders with authorization from local regulators and a secure trading environment."
Pros
  • Industry-leading platforms including MT4 and TradingView
  • Reliable, trustworthy and secure brand with authorization from tier-one regulators
  • API facilitates access to 25 years of historical data and rates from 200+ currencies
  • The OANDA web platform offers advanced charts plus guaranteed stop-loss orders (GSLOs)
  • Feature-rich app with 50 indicators, 11 drawing tools and 9 charting styles
  • Wide selection of instruments including 70+ forex pairs
  • Transparent pricing structure with no hidden charges
  • Low minimum deposit for beginners
  • US clients accepted
Cons
  • Stock trading not available in all countries
  • Customer support not available on the weekend
Awards
  • Best US Broker 2023 - DayTrading.com
  • Best Trading Tools winner
  • (Online Personal Wealth Awards 2021)
  • Awarded highest overall client satisfaction
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Awarded highest client satisfaction for mobile platform/app
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Voted Most Popular Broker 2021
  • (TradingView Broker Awards)
  • Voted Best Forex and CFD Broker 2021
  • (TradingView Broker Awards)
Instruments
Forex CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures
Demo Account
Yes Yes
Minimum Deposit
$0 $250
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits Multiple local payment methods available depending on the client’s country of residence
Minimum Trade
$0 0.01
Regulator
CFTC, NFA CySEC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No No
TradingView
Yes No
Autochartist
Yes No
eSignal
No Yes
Trading Central
No 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
No Yes
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
FxTrade, MT4 iOS & Android
Auto Trading
EAs Yes
Copy Trading
No 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.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • PLN
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Naga offers competitive trading conditions on a range of contracts for difference.
Leverage
1:30 EU, 1:200 Global 1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location.
FTSE Spread
1.0 Variable
GBPUSD Spread
3.4 Variable
Oil Spread
3.0 Variable
Stocks Spread
Variable Variable
Forex Trading
OANDA offers over 70 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools. A long list of currencies and variable spreads with high trading volumes and liquidity are available.
Forex App

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.

GBPUSD Spread
3.4 Variable
EURUSD Spread
1.6 Variable
EURGBP Spread
1.7 Variable
Assets
70 48
Cryptocurrency
Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Users can also trade digital currencies in a few taps through the iOS and Android mobile app. Trade popular crypto tokens against the US Dollar (with NAGA Markets Europe Ltd)
Spread
$100 Variable
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • MATIC
  • UNI
  • AAVE
  • SOL
  • 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
CFDs are not available to residents in the United States. 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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