Pepperstone vs NAGA

Pepperstone vs NAGA Comparison Table 2024
Pepperstone	NAGA
Review 4.8	Review 2.8

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.	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.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.	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
3.8 Based on 4 Pepperstone customer reviews
Comment by Reviewer
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."	"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
Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading. There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading. Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program. Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing. Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.	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
Cons
There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading. Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies. Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets. Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.	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
Awards
Best Forex Broker - DayTrading.com 2024 Best Overall Broker - DayTrading.com 2023 Best Trading App - DayTrading.com 2022 Best Forex Broker - DayTrading.com 2021 Best MT4 Broker - Good Money Guide 2023 #1 Overall Client Satisfaction - UK Investment Trends 2022 #1 Value for Money - UK Investment Trends 2022 #1 Quality of Trade Execution - UK Investment Trends 2022 #1 Ease of Platform Navigation - UK Investment Trends 2022 #1 Charting - UK Investment Trends 2022 Best Forex Broker Overall - Compareforexbrokers.com 2022 Best MT4 Broker - Good Money Guide Best MT4 Broker 2022 Top 5 MetaTrader brokers - Broker Chooser Top 5 MetaTrader Brokers 2022
Instruments
CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures
Demo Account
Yes	Yes
Minimum Deposit
$0	$250
Trading Platforms
MT4 MT5 cTrader TradingView AutoChartist DupliTrade	NAGA Platform MT4 MT5 TradingView
Payment Methods
BPAY Credit Card Debit Card Mastercard Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer	Multiple local payment methods available depending on the client’s country of residence
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB	CySEC, FSA
Margin Trading
Yes	Yes
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	Yes
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
App Review
Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for day traders familiar with these leading third-party trading solutions. Despite the absence of a proprietary app, these platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes.
Android App Rating
4.1
iOS App Rating
4.4
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals and DupliTrade. However, it lacks support for cTrader Copy and does not offer a proprietary social trading network similar to those found on platforms like eToro or Vantage, which foster lively social trading communities for aspiring traders.	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
No	Yes
Trade Signals
Yes (Via Chartist Software)	Yes
VPS Hosting
Yes	No
Tournaments
No	Yes
Demo Competitions
No	No
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 CAD AUD NZD JPY CHF HKD SGD	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 Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange Nasdaq New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange	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
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Nickel Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat Zinc	Coffee Copper Gold Natural Gas Oil Palladium Platinum Silver
CFD Trading
Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets.	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), 1:500 (Pro)	1:30 (EU). Leverage also depends on the financial instrument traded and the trader's location.
FTSE Spread
1.0	Variable
GBPUSD Spread
0.4	Variable
Oil Spread
2.5	Variable
Stocks Spread
0.02	Variable
Forex Trading
Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.	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
Pepperstone deliver their MetaTrader 4, MetaTrader 5, cTrader and TradingView platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – they are a powerful addition for mobile traders.
GBPUSD Spread
0.4	Variable
EURUSD Spread
0.1	Variable
EURGBP Spread
0.4	Variable
Assets
100+	48
Currency Indices
USD EUR JPY
Cryptocurrency
Pepperstone continues to prove itself as one of the most trusted crypto brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms.	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 30, ETH 0	Variable
Coins
BCH BTC ETH LTC DASH ADA LINK DOGE EOS DOT XRP XLM XTZ UNI BNB	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
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.	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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