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

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