NAGA review

We've reviewed the NAGA social trading platform. Find out what we thought.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

NAGA is a social share dealing broker that was founded in 2015. You can share and copy the trades of other people who trade with NAGA. You can trade more than 500 different financial instruments including forex, stocks, and CFDs. Find out more about what NAGA offers, the key features of its social trading and more about the tools available.

What is NAGA?

NAGA is a stock broker that lets you trade on a range of financial instruments. It’s got a social trading element, so you can copy other people’s trades, letting you take advantage of other traders’ experience and knowledge.

What products does NAGA have?

You can only invest in a general investment account with NAGA, which means you can’t make use of your annual ISA allowance.

This means that any profits you make over £3,000 in each tax year will be subject to tax. This is usually the same rate at which you pay income tax.

What can I trade with NAGA?

  • Forex
  • Indices
  • Stocks
  • Commodities
  • ETFs
  • CFDs

Key features of NAGA

  • More than 750 financial instruments. You can trade stocks and CFDs.
  • Real time order execution. NAGA boasts high speed order processing.
  • Daily news. You can get the latest information in the NAGA feed.
  • Multi-currency accounts. You can open more than one account with different base currencies.
  • Personal account manager. You can get access to an account manager who is available over the phone, online chat and by email.
  • Demo account. If you’re not ready to use real money you can set up a virtual portfolio.
  • Stop Loss and Take Profit. These help you minimise your losses.
  • Advanced charting tools. The charting tools are pretty advanced with a customisable interface, graphing tools and technical indicators available.
  • Desktop and mobile app access. You can trade anywhere you like with the iOS and Android apps.
  • Social trading. You can discover other traders and copy what they do.

NAGA social trading

Social trading lets you share your trades with friends and other investors on a unique social platform. It’s similar to eToro’s social trading. Here are some of the key features of social trading with NAGA:

  • Auto-copy. You can see other traders’ stats, choose which one you want to copy and hit “autocopy”.
  • Trading signals. You can see copy trading signals.
  • NAGA top traders. You can see a leaderboard of top traders and see their trading stats.
  • Copy bonuses. If someone copies your trade, you get copy bonuses.
  • NAGA feed. The NAGA feed gives you access to market news, experiences that other traders have posted and the ability to comment, like and share posts.
  • NAGA messenger. NAGA messenger lets you add other traders as friends and start chats – including group chats, and public chats.

NAGA fees

Fees for CFD providers are different to buy and hold investment accounts, which usually charge a set commission per trade.

Trading fees

Trading fees depend on the transaction you make. Any CFDs, even if they’re commission-free, cost you the “spread”. It’s worth making sure you understand spread and what the spread is for what you plan to trade.

ETFs have a 0.1% commission as well as the spread and stocks CFDs have a 0.2% commission. Commodities, futures and indices are commission-free.

Check the fees section on the website to understand this further.

Deposits and withdrawals

You can fund your account with VISA, MasterCard and Maestro, as is a standard for brokers. There’s a minimum deposit amount of $250 no matter how you choose to deposit funds.

Withdrawals aren’t free. You need to withdraw at least 50 EUR/USD/GBP/PLN (depending on the currency of the account) no matter what method you choose. It also costs 10 EUR/USD or equivalent.

What tools does NAGA have?

NAGA has some trading tools available that help you minimise loss and mitigate risk. One of these is NAGA Protector, which lets you set up Take Profit and Stop Loss for free. This means that you can focus more on checking out the research, social trading and new opportunities.

NAGA also has an economic calendar. It shows key dates and market events that you should know about. It’s also got an earnings calendar.

NAGA educational tools

NAGA has a selection of videos, articles, webinars and tutorials to help you learn how to trade and use its platform. It’s not got as much on offer in terms of the videos as Trading 212, but it definitely has more webinars available.

Is NAGA safe?

NAGA is regulated by the Financial Conduct Authority (FCA). All money that you found your account with is held in a segregated account.

NAGA is not protected by the Financial Services Compensation Scheme (FSCS).

Pros and cons of NAGA


  • Social trading – you can keep an eye on what more experienced traders are doing
  • Demo account lets you try it without depositing real money
  • Huge range of instruments available


  • No ISA available
  • Not FSCS protected

Our verdict: Is NAGA any good?

On the whole, this is an established platform with a sleek and attractive interface. There are lots of different features on offer that can help you trade and it has plenty of educational tools that are suitable for inexperienced traders.

The social trading element is quite a nice addition to the platform, and allows you to make the most out of other traders that are more experienced than you.

Get started by visiting NAGA and opening an account. Still not sure? Compare other share trading platforms with our comparison table.

Zoe Stabler DipFA's headshot
Senior writer

Zoe was a senior writer at Finder specialising in investment and banking, and during this time, she joined the Women in FinTech Powerlist 2022. She is currently a senior money writer at Be Clever With Your Cash. Zoe has a BA in English literature and a Diploma for Financial Advisers. She has several years of experience in writing about all things personal finance. Zoe has a particular love for spreadsheets, having also worked as a management accountant. In her spare time, you’ll find Zoe skating at her local ice rink. See full bio

Zoe's expertise
Zoe has written 176 Finder guides across topics including:
  • Share dealing
  • Reviews and comparisons of trading platforms
  • Robo-advisors
  • Pensions
  • Banking

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