Compare NAGA vs Markets.com
What is NAGA? What is Markets.com?
NAGA is a social trading platform that allows users to trade, invest, and copy other traders in various financial markets, such as forex, stocks, cryptocurrencies, and commodities. NAGA also offers a native token called NGC that can be used to reduce trading fees and access premium features.
Markets.com is an online trading platform that offers CFDs and spread betting on forex, stocks, indices, commodities, ETFs, and cryptocurrencies. Markets.com also provides various tools and features to enhance the trading experience, such as market news, analysis, webinars, and educational resources
NAGA vs Markets.com Regulation Comparison
NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission of the Republic of Mauritius (FSC). NAGA also complies with the European Securities and Markets Authority (ESMA) and the Markets in Financial Instruments Directive (MiFID II).
Markets.com is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Board of South Africa (FSB), the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA) of the UK. Markets.com also complies with the European Securities and Markets Authority (ESMA) and the Markets in Financial Instruments Directive (MiFID II.
NAGA vs Markets.com Trading Assets Comparison
NAGA offers over 950 trading assets, including 48 currency pairs, 600+ stocks, 30+ cryptocurrencies, 15+ commodities, 10+ indices, and 20+ ETFs. NAGA also supports trading with NGC tokens.
Markets.com offers over 2200 trading assets, including 67 currency pairs, 2000+ stocks, 25+ cryptocurrencies, 28 commodities, 40+ indices, and 60+ ETFs. Markets.com does not support trading with any tokens or coins.
NAGA vs Markets.com Trading Fees Comparison
NAGA charges variable spreads and commissions depending on the asset class and account type. The average spread for EUR/USD is 1.2 pips for standard accounts and 0.6 pips for VIP accounts. The commission for stocks is 0.10% per lot for standard accounts and 0.05% per lot for VIP accounts. The commission for cryptocurrencies is 0.50% per lot for both account types. NAGA also charges a monthly inactivity fee of $10 after six months of no trading activity.
Markets.com charges variable spreads and no commissions for most asset classes. The average spread for EUR/USD is 0.6 pips for standard accounts and 0.4 pips for VIP accounts. The spread for stocks varies depending on the market and liquidity. The spread for cryptocurrencies ranges from 0.35% to 2% depending on the coin or token. Markets.com also charges a monthly inactivity fee of $10 after three months of no trading activity.
NAGA vs Markets.com Account Types Comparison
NAGA offers two types of accounts: standard and VIP. The minimum deposit for standard accounts is $250, while the minimum deposit for VIP accounts is $50,000. The main differences between the two account types are the spreads, commissions, swap discounts, withdrawal fees, and access to premium features such as personal account managers, webinars, signals, and news alerts.
Markets.com offers three types of accounts: standard, professional, and Islamic. The minimum deposit for all account types is $100. The main differences between the account types are the leverage ratios, margin requirements, risk warnings, and access to certain tools and features such as negative balance protection, stop out levels, market news, analysis, webinars, and educational resources.
NAGA vs Markets.com Deposit Options Comparison
NAGA supports various deposit and withdrawal options, such as bank wire transfers, credit/debit cards, e-wallets (Skrill, Neteller), cryptocurrencies (Bitcoin, Ethereum), and NGC tokens. NAGA does not charge any deposit fees but charges withdrawal fees depending on the method used. The withdrawal fees range from $10 to $30 for bank wire transfers, from $4 to $10 for credit/debit cards, from $1 to $10 for e-wallets, from $10 to $30 for cryptocurrencies, and from $2 to $10 for NGC tokens. The minimum withdrawal amount is $50 for all methods except NGC tokens which have no minimum amount.
Markets.com supports various deposit and withdrawal options as well, such as bank wire transfers, credit/debit cards, e-wallets (Skrill, Neteller, PayPal), and cryptocurrencies (Bitcoin, Ethereum). Markets.com does not charge any deposit or withdrawal fees but may pass on any fees charged by third-party payment providers or banks. The minimum withdrawal amount is $10 for all methods.
NAGA vs Markets.com Trading Platforms Comparison
NAGA offers its own proprietary trading platform called NAGA Trader, which is available as a web-based platform, a desktop application, and a mobile app for iOS and Android devices. NAGA Trader features a user-friendly interface, advanced charting tools, social trading functions, copy trading functions, news feeds, signals, and alerts. NAGA also offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are popular and widely used platforms among traders. MT4 and MT5 feature customizable indicators, expert advisors, scripts, backtesting tools, and automated trading functions
Markets.com offers its own proprietary trading platform called Marketsx, which is available as a web-based platform and a mobile app for iOS and Android devices. Marketsx features a user-friendly interface, advanced charting tools, news feeds, analysis, webinars, and educational resources. Markets.com also offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as well as the Marketsi platform, which is a platform dedicated to stock trading. Marketsi features a stock screener, a portfolio builder, a strategy tester, and a market sentiment tool.
NAGA vs Markets.com Analytical Tools Comparison
NAGA offers various analytical tools to help traders make informed decisions, such as market news, economic calendar, trading signals, technical analysis tools, social trading tools, copy trading tools, and risk management tools. NAGA also provides access to NAGA Academy, which is an online learning platform that offers courses, videos, webinars, and quizzes on various topics related to trading and investing.
Markets.com offers various analytical tools as well, such as market news, economic calendar, trading signals, technical analysis tools, sentiment analysis tools, and risk management tools. Markets.com also provides access to Markets.com Academy, which is an online learning platform that offers courses, videos, webinars, and quizzes on various topics related to trading and investing.
NAGA vs Markets.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as both NAGA and Markets.com have their own strengths and weaknesses. However, here are some possible factors that you may want to consider:
- Regulation: Both brokers are regulated by reputable authorities and comply with the ESMA and MiFID II standards. However, Markets.com has more licenses than NAGA, which may indicate a higher level of trustworthiness and security. Markets.com is also authorized to offer spread betting in the UK, which is a tax-efficient way of trading for UK residents.
- Trading Assets: Both brokers offer a wide range of trading assets, including forex, stocks, cryptocurrencies, commodities, indices, and ETFs. However, Markets.com has more assets than NAGA, which may provide more opportunities and diversification for traders. Markets.com also does not charge any commissions for most asset classes, while NAGA does charge commissions for stocks and cryptocurrencies.
- Account Types: Both brokers offer different types of accounts to suit different levels of traders. However, NAGA has a higher minimum deposit requirement than Markets.com, especially for VIP accounts. NAGA also charges higher spreads and commissions than Markets.com for standard accounts. On the other hand, NAGA offers more benefits and features for VIP accounts, such as lower fees, swap discounts, personal account managers, webinars, signals, and news alerts.
- Deposit and Withdrawal Options: Both brokers support various deposit and withdrawal options, such as bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. However, NAGA charges withdrawal fees depending on the method used, while Markets.com does not charge any deposit or withdrawal fees. NAGA also supports trading with its own token called NGC, which can be used to reduce trading fees and access premium features.
- Trading Platforms: Both brokers offer their own proprietary trading platforms as well as the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. However, NAGA’s platform is more focused on social trading and copy trading functions, which may appeal to traders who want to learn from or follow other traders. Markets.com’s platform is more focused on providing market news, analysis, webinars, and educational resources, which may appeal to traders who want to enhance their trading skills and knowledge. Markets.com also offers a dedicated platform for stock trading called Marketsi, which features a stock screener, a portfolio builder, a strategy tester, and a market sentiment tool.
- Analytical Tools: Both brokers offer various analytical tools to help traders make informed decisions, such as market news, economic calendar, trading signals, technical analysis tools, sentiment analysis tools, and risk management tools. However, Markets.com has more tools than NAGA, such as advanced charting tools, trading cubes, blended portfolios, and events & trade tools. NAGA also provides access to NAGA Academy, which is an online learning platform that offers courses, videos, webinars, and quizzes on various topics related to trading and investing. Markets.com also provides access to Markets.com Academy, which is a similar online learning platform.
In summary, NAGA and Markets.com are both reputable and regulated forex brokers that offer a variety of trading assets, account types, deposit and withdrawal options, trading platforms, and analytical tools. However, they also have some differences that may suit different types of traders. NAGA may be a better choice for traders who are interested in social trading, copy trading, and trading with NGC tokens. Markets.com may be a better choice for traders who are looking for more trading assets, lower fees, spread betting, and more analytical tools. Ultimately, the best forex broker for you depends on your own preferences and needs. You may want to try out both brokers’ demo accounts before making a final decision.
