Compare Orbex vs NAGA
What is Orbex? What is NAGA?
Orbex is a forex and CFD broker that offers trading on various assets, such as currencies, commodities, indices, and stocks. Orbex claims to provide competitive trading conditions, fast execution, low spreads, and award-winning research. Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Mauritius.
NAGA is a social trading platform that allows users to trade, invest, and copy other traders on a variety of assets, such as cryptocurrencies, stocks, ETFs, indices, commodities, and forex. NAGA also offers a digital wallet, a debit card, and a gaming platform. NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin) of Germany.
Orbex vs NAGA Regulation Comparison
Both Orbex and NAGA are regulated by the CySEC, which means they have to comply with the rules and standards of the European Securities and Markets Authority (ESMA), such as providing negative balance protection, segregated client funds, and investor compensation schemes.
However, NAGA has an additional regulation from the BaFin, which is considered one of the strictest regulators in Europe. This may give NAGA an edge over Orbex in terms of credibility and security.
Orbex vs NAGA Trading Assets Comparison
Orbex offers over 200 trading instruments, including 36 currency pairs, 11 commodities, 18 indices, and 140 stocks. NAGA offers over 950 trading instruments, including 48 currency pairs, 10 cryptocurrencies, 600 stocks, 30 ETFs, 19 indices, and 12 commodities. Therefore, NAGA has a much wider range of assets than Orbex, especially in terms of cryptocurrencies and stocks.
Orbex vs NAGA Trading Fees Comparison
Orbex charges variable spreads and commissions depending on the account type and the trading instrument. The average spread for EUR/USD is 1.5 pips on the Standard account and 0.6 pips on the Zero Spread account. The commission for the Zero Spread account is $10 per lot per side.
NAGA charges variable spreads and commissions as well, but they are generally lower than Orbex’s. The average spread for EUR/USD is 1.2 pips on the Iron account and 0.7 pips on the Diamond account. The commission for the Diamond account is $4 per lot per side. Therefore, NAGA has more competitive fees than Orbex.
Orbex vs NAGA Account Types Comparison
Orbex offers four types of accounts: Standard, Premium, Ultimate, and Zero Spread. The minimum deposit for the Standard account is $200, while the other accounts require $5000 or more. The leverage for all accounts is up to 1:500.
NAGA offers five types of accounts: Iron, Bronze, Silver, Gold, and Diamond. The minimum deposit for the Iron account is $250, while the other accounts require $1000 or more. The leverage for all accounts is up to 1:1000. Therefore, NAGA has more flexible account options than Orbex.
Orbex vs NAGA Deposit Options Comparison
Orbex accepts various deposit and withdrawal methods, such as credit/debit cards, bank wire transfers, Skrill, Neteller, WebMoney, FasaPay, K-net Payment Gateway (KPG), UnionPay China (CUP), MPESA Kenya Mobile Payment System (MPESA), Ngan Luong Vietnam Online Payment Gateway (NLV), GlobePay India Online Payment Gateway (GPI), Sticpay Online Payment Gateway (STP), Perfect Money Online Payment Gateway (PMO), Bitcoin by Skrill Online Payment Gateway (BTS), Bitcoin by Neteller Online Payment Gateway (BTN), Bitcoin by Fasapay Online Payment Gateway (BTF), Bitcoin by Perfect Money Online Payment Gateway (BTP), Bitcoin by Sticpay Online Payment Gateway (BTST).
NAGA also accepts various deposit and withdrawal methods, such as credit/debit cards, bank wire transfers, Skrill, Neteller, Sofort, Giropay, iDeal, Przelewy24, EPS, Teleingreso, QIWI, WebMoney, Yandex.Money, AstroPay Card, Boleto Bancário, CashU, FasaPay, UnionPay China (CUP), Ngan Luong Vietnam Online Payment Gateway (NLV), GlobePay India Online Payment Gateway (GPI), Sticpay Online Payment Gateway (STP), Perfect Money Online Payment Gateway (PMO), Bitcoin by Skrill Online Payment Gateway (BTS), Bitcoin by Neteller Online Payment Gateway (BTN), Bitcoin by Fasapay Online Payment Gateway (BTF), Bitcoin by Perfect Money Online Payment Gateway (BTP), Bitcoin by Sticpay Online Payment Gateway (BTST), NAGA Card, NAGA Wallet. Therefore, both Orbex and NAGA have a wide range of payment options, but NAGA has some unique features, such as the NAGA Card and the NAGA Wallet.
Orbex vs NAGA Trading Platforms Comparison
Orbex offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available for desktop, web, and mobile devices. MT4 and MT5 are popular and user-friendly platforms that support multiple order types, charting tools, indicators, automated trading, and customization.
NAGA also offers MT4 and MT5 as trading platforms, but it has its own proprietary platform called NAGA Trader. NAGA Trader is a social trading platform that allows users to copy other traders, chat with them, join trading groups, participate in tournaments, and access educational resources. NAGA Trader is also available for desktop, web, and mobile devices. Therefore, both Orbex and NAGA provide MT4 and MT5 as trading platforms, but NAGA has an additional platform that focuses on social trading.
Orbex vs NAGA Analytical Tools Comparison
Orbex provides various analytical tools for its clients, such as daily market analysis, trading signals, economic calendar, webinars, ebooks, videos, and podcasts. Orbex also offers access to Trading Central, a third-party provider of technical analysis and market research.
NAGA also provides various analytical tools for its clients, such as daily market analysis, trading signals, economic calendar, webinars, ebooks, videos, and podcasts. NAGA also offers access to Trading Central, as well as Auto Chartist, a third-party provider of automated technical analysis and market scanning. Therefore, both Orbex and NAGA offer similar analytical tools for their clients, but NAGA has an extra feature of Auto Chartist.
Orbex vs NAGA. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may consider:
- Regulation: If you value security and credibility, you may prefer NAGA over Orbex, as NAGA has an additional regulation from the BaFin, which is one of the strictest regulators in Europe.
- Trading Assets: If you want to diversify your portfolio and trade on a variety of assets, you may prefer NAGA over Orbex, as NAGA offers more than 950 trading instruments, including cryptocurrencies and stocks, while Orbex offers only over 200 trading instruments.
- Trading Fees: If you want to save on costs and enjoy lower spreads and commissions, you may prefer NAGA over Orbex, as NAGA generally has more competitive fees than Orbex, especially on the Diamond account.
- Account Types: If you want to have more flexible account options and higher leverage, you may prefer NAGA over Orbex, as NAGA offers five types of accounts with a minimum deposit ranging from $250 to $1000 and a leverage up to 1:1000, while Orbex offers four types of accounts with a minimum deposit ranging from $200 to $5000 and a leverage up to 1:500.
- Deposit and Withdrawal Options: If you want to have more payment options and access to unique features, such as the NAGA Card and the NAGA Wallet, you may prefer NAGA over Orbex, as both brokers accept various deposit and withdrawal methods, but NAGA has some exclusive options.
- Trading Platforms: If you want to use the popular and user-friendly MetaTrader platforms, you may choose either Orbex or NAGA, as both brokers offer MT4 and MT5 for desktop, web, and mobile devices. However, if you want to try a social trading platform that allows you to copy other traders, chat with them, join trading groups, participate in tournaments, and access educational resources, you may prefer NAGA over Orbex, as NAGA has its own proprietary platform called NAGA Trader.
- Analytical Tools: If you want to have access to various analytical tools for market research and technical analysis, you may choose either Orbex or NAGA, as both brokers provide similar tools for their clients, such as daily market analysis, trading signals, economic calendar, webinars, ebooks, videos, podcasts, and Trading Central. However, if you want to use an automated technical analysis and market scanning tool called Auto Chartist, you may prefer NAGA over Orbex.
