Compare Coinexx vs NAGA
What is Coinexx? What is NAGA?
Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. NAGA is a regulated social trading platform that allows clients of all levels to share and copy strategies on 1000+ assets including CFDs on forex, stocks and cryptos.
Coinexx vs NAGA Regulation Comparison
Coinexx is not regulated by any authority and operates under the laws of St. Vincent and the Grenadines. NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) and complies with the European Securities and Markets Authority (ESMA) rules.
Coinexx vs NAGA Trading Assets Comparison
Coinexx offers over 100 trading instruments, including 60+ currency pairs, 15+ commodities, 15+ indices, 5+ metals, 4+ energies and 40+ cryptocurrencies. NAGA offers over 1000 trading instruments, including CFDs on forex, indices, shares, commodities, cryptocurrencies, real stocks and futures.
Coinexx vs NAGA Trading Fees Comparison
Coinexx charges variable spreads starting from 0 pips and commissions of $2 per lot per side on forex and metals. Other instruments have no commissions but higher spreads. NAGA charges variable spreads starting from 1.2 pips and commissions of $10 per lot per side on forex and metals. Other instruments have different commissions depending on the asset class.
Coinexx vs NAGA Account Types Comparison
Coinexx offers only one account type with a minimum deposit of $7 and a maximum leverage of 1:500. NAGA offers four account types with different minimum deposits, leverage and benefits: Iron ($250), Bronze ($2,500), Silver ($5,000) and Gold ($25,000).
Coinexx vs NAGA Deposit Options Comparison
Coinexx accepts deposits and withdrawals via cryptocurrencies only, such as Bitcoin, Litecoin, Ethereum, Monero and Dash. NAGA accepts deposits and withdrawals via wire transfer, credit card, Bitcoin payments, Neteller, Skrill, Trustly, Klarna, GiroPay and NAGA Card.
Coinexx vs NAGA Trading Platforms Comparison
Coinexx provides trading platforms such as MetaTrader 4 and MetaTrader 5 for desktop, web and mobile devices. NAGA provides its own proprietary social trading platform as well as MetaTrader 4 and MetaTrader 5 for desktop, web and mobile devices.
Coinexx vs NAGA Analytical Tools Comparison
Coinexx offers analytical tools such as economic calendar, market news, trading signals and VPS service. NAGA offers analytical tools such as economic calendar, market news, trading signals, Auto-Copy service, NAGA Protector, NAGA Academy and NAGA Wallet.
Coinexx vs NAGA. 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 each one has its own advantages and disadvantages. However, here are some possible factors you may consider:
- Regulation: If you value security and protection, you may prefer NAGA over Coinexx, as NAGA is regulated by CySEC and follows ESMA rules, while Coinexx is unregulated and operates under the laws of St. Vincent and the Grenadines. This means that NAGA offers more guarantees for your funds, such as segregated accounts, investor compensation scheme and negative balance protection. Coinexx, on the other hand, does not provide any of these safeguards and may expose you to higher risks of fraud or insolvency.
- Trading Assets: If you want to diversify your portfolio and trade a wide range of instruments, you may prefer NAGA over Coinexx, as NAGA offers over 1000 trading instruments, including CFDs on forex, stocks and cryptos. Coinexx offers only over 100 trading instruments, mainly forex and cryptocurrencies. This means that NAGA gives you more opportunities to explore different markets and strategies, while Coinexx limits your choices to a few asset classes.
- Trading Fees: If you want to reduce your trading costs and maximize your profits, you may prefer Coinexx over NAGA, as Coinexx charges lower spreads and commissions than NAGA on most instruments. Coinexx offers variable spreads starting from 0 pips and commissions of $2 per lot per side on forex and metals, while NAGA charges variable spreads starting from 1.2 pips and commissions of $10 per lot per side on forex and metals. Other instruments have different fees depending on the asset class. This means that Coinexx gives you more competitive pricing and better execution than NAGA on most trades.
- Account Types: If you want to have more flexibility and options for your trading account, you may prefer NAGA over Coinexx, as NAGA offers four account types with different minimum deposits, leverage and benefits: Iron ($250), Bronze ($2,500), Silver ($5,000) and Gold ($25,000). Coinexx offers only one account type with a minimum deposit of $7 and a maximum leverage of 1:500. This means that NAGA gives you more control over your trading conditions and preferences, while Coinexx offers a one-size-fits-all solution for all traders.
- Deposit and Withdrawal Options: If you want to have more convenience and speed for your deposits and withdrawals, you may prefer NAGA over Coinexx, as NAGA accepts deposits and withdrawals via wire transfer, credit card, Bitcoin payments, Neteller, Skrill, Trustly, Klarna, GiroPay and NAGA Card. Coinexx accepts deposits and withdrawals via cryptocurrencies only, such as Bitcoin, Litecoin, Ethereum, Monero and Dash. This means that NAGA gives you more choices and flexibility for your payment methods, while Coinexx requires you to use cryptocurrencies only.
- Trading Platforms: If you want to have more features and functionality for your trading platforms, you may prefer NAGA over Coinexx, as NAGA provides its own proprietary social trading platform as well as MetaTrader 4 and MetaTrader 5 for desktop, web and mobile devices. Coinexx provides only MetaTrader 4 and MetaTrader 5 for desktop, web and mobile devices. This means that NAGA gives you more tools and services for your trading experience, such as Auto-Copy service, NAGA Protector, NAGA Academy and NAGA Wallet. Coinexx offers only the basic features of MetaTrader platforms.
- Analytical Tools: If you want to have more support and guidance for your trading decisions, you may prefer NAGA over Coinexx, as NAGA offers analytical tools such as economic calendar, market news, trading signals, Auto-Copy service, NAGA Protector, NAGA Academy and NAGA Wallet. Coinexx offers only analytical tools such as economic calendar, market news, trading signals and VPS service. This means that NAGA gives you more resources and education for your trading performance, while Coinexx offers only the essential tools for your trading analysis.
