Compare Deriv vs NAGA
What is Deriv? What is NAGA?
- Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices. It has 9 powerful platforms and 3 trade types: CFDs, options, and multipliers.
- NAGA is a social trading platform that allows you to trade real stocks, commodities, cryptocurrencies, and more. It has over 1000 assets and lets you copy other traders and get free education and signals.
Deriv vs NAGA Overall Comparison
- Both platforms are regulated by the Financial Services Authority of Seychelles (FSA) and have a minimum deposit of $250.
- Deriv has more platforms and trade types than NAGA, but NAGA has more assets and social features than Deriv.
- Deriv has a Trustpilot rating of 4.5 out of 5 based on 1,748 reviews, while NAGA has a Trustpilot rating of 4.3 out of 5 based on 1,029 reviews.
Deriv vs NAGA Regulation Comparison
- Both platforms are regulated by the FSA under licence No. SD026.
- Deriv is also a member of the Investor Compensation Fund (ICF) which covers eligible clients up to €20,000 in case of insolvency.
- NAGA is also a member of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange.
Deriv vs NAGA Trading Assets Comparison
- Deriv offers forex, commodities, synthetic indices, stocks, and stock indices.
- NAGA offers forex, stocks, ETFs, commodities, indices, and cryptocurrencies.
Deriv vs NAGA Trading Fees Comparison
- Deriv does not charge any commission or fees on trades, but it applies variable spreads depending on the market conditions and the trade type.
- NAGA charges variable spreads and commissions depending on the asset class and the account type. It also charges swap fees for overnight positions and inactivity fees for dormant accounts.
Deriv vs NAGA Account Types Comparison
- Deriv offers two account types: Standard and Synthetic Indices. The Standard account allows you to trade all assets except synthetic indices with leverage up to 1:1000. The Synthetic Indices account allows you to trade only synthetic indices with leverage up to 1:1000.
- NAGA offers four account types: Iron Trader, Bronze Trader, Silver Trader, and Gold Trader. The Iron Trader account allows you to trade all assets with leverage up to 1:500 and a commission of $10 per lot. The Bronze Trader account allows you to trade all assets with leverage up to 1:500 and a commission of $8 per lot. The Silver Trader account allows you to trade all assets with leverage up to 1:500 and a commission of $6 per lot. The Gold Trader account allows you to trade all assets with leverage up to 1:500 and a commission of $4 per lot.
Deriv vs NAGA Trading Conditions Comparison
- Deriv offers fast execution, low spreads, no requotes, no slippage, no hidden fees, negative balance protection, and risk management tools such as stop loss and take profit orders.
- NAGA offers fast execution, tight spreads, no requotes, no slippage, no hidden fees, negative balance protection, risk management tools such as stop loss and take profit orders, as well as social trading features such as copy trading, news feed, signals, webinars, and chat rooms.
Deriv vs NAGA Deposit Options Comparison
- Deriv supports various deposit and withdrawal methods such as bank wire transfer, credit/debit cards (Visa/Mastercard/Maestro), e-wallets (Skrill/Neteller/Fasapay/Perfect Money/WebMoney), cryptocurrencies (Bitcoin/Ethereum/Litecoin/USDT), and local payment agents.
- NAGA supports various deposit and withdrawal methods such as bank wire transfer, credit/debit cards (Visa/Mastercard/Maestro), e-wallets (Skrill/Neteller), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Dash/Naga Coin), and local payment agents.
Deriv vs NAGA Trading Platforms Comparison
- Deriv offers 9 powerful platforms: DTrader, DBot, DMT5, SmartTrader, Binary Bot, Binary WebTrader, Binary Tick Trade App, Binary Next-Gen, and Binary Grid.
- NAGA offers 3 platforms: NAGA Web Trader, NAGA Mobile App, and NAGA MT4.
Deriv vs NAGA Analytical Tools Comparison
- Deriv provides various analytical tools such as charts, indicators, drawing tools, trading signals, market news, economic calendar, and trading alerts.
- NAGA provides various analytical tools such as charts, indicators, drawing tools, trading signals, market news, economic calendar, trading alerts, and social trading statistics.
Deriv vs NAGA Educational Resources Comparison
- Deriv provides various educational resources such as tutorials, videos, webinars, FAQs, glossary, and blog.
- NAGA provides various educational resources such as tutorials, videos, webinars, FAQs, glossary, blog, and academy.
Which offers better pricing – Deriv or NAGA
Pricing depends on various factors such as spreads, commissions, swap fees, and other charges. Both platforms have variable spreads that depend on the market conditions and the trade type. Deriv does not charge any commission or fees on trades, but NAGA charges commissions ranging from $4 to $10 per lot depending on the account type. Both platforms also charge swap fees for overnight positions and inactivity fees for dormant accounts. Therefore, Deriv may offer better pricing for some traders, especially those who trade frequently and do not hold positions overnight.
Which broker offers more security when trading Forex and CFDs?
Both brokers are regulated by the Financial Services Authority of Seychelles (FSA) under licence No. SD026, which means they have to comply with certain rules and standards to protect their clients’ funds and interests. Both brokers also offer negative balance protection, which means they will cover any losses that exceed your account balance in case of extreme market volatility. However, Deriv has an additional layer of security as it is a member of the Investor Compensation Fund (ICF), which covers eligible clients up to €20,000 in case of insolvency. NAGA does not have such a scheme, but it is a member of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange, which may give some assurance to its investors.
Which broker offers the superior trading platform?
This depends on your personal preference and trading style. Deriv offers 9 powerful platforms: DTrader, DBot, DMT5, SmartTrader, Binary Bot, Binary WebTrader, Binary Tick Trade App, Binary Next-Gen, and Binary Grid. These platforms are designed for different types of traders and offer various features such as charts, indicators, signals, alerts, bots, and more. NAGA offers 3 platforms: NAGA Web Trader, NAGA Mobile App, and NAGA MT4. These platforms are more focused on social trading and offer features such as copy trading, news feed, chat rooms, webinars, and more. Therefore, Deriv may offer a superior platform for traders who want more options and flexibility, while NAGA may offer a superior platform for traders who want more social interaction and guidance.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader 4 (MT4), which is one of the most popular and widely used trading platforms in the world. MT4 offers advanced charting tools, technical analysis indicators, automated trading systems (Expert Advisors), and more. However, only Deriv offers MetaTrader 5 (MT5), which is the latest version of MetaTrader that has some additional features such as more timeframes, more order types, more indicators, more instruments, and more.
How many Forex pairs can you expect from these brokers?
Deriv offers close to 50 FX currency pairs, including majors, minors and exotics. NAGA offers over 40 FX currency pairs, including majors, minors and exotics. Therefore, both brokers offer a similar range of Forex pairs for traders to choose from.
Is it safe to trade with Deriv?
Yes, it is safe to trade with Deriv as it is a regulated broker that has been in the industry for over 20 years. It has a high trust score of 90 out of 100 based on various factors such as regulation, reputation, customer service, platform security, and more. It also has a Trustpilot rating of 4.5 out of 5 based on 1,748 reviews from its clients.
Is it safe to trade with NAGA?
Yes, it is safe to trade with NAGA as it is also a regulated broker that has been in the industry since 2015. It has a trust score of 80 out of 100 based on various factors such as regulation, reputation, customer service, platform security, and more. It also has a Trustpilot rating of 4.3 out of 5 based on 1,029 reviews from its clients.
Is Deriv a good broker?
Yes, Deriv is a good broker that offers a wide range of trading platforms, instruments, and services for different types of traders. It has competitive pricing, fast execution, no requotes, no slippage, no hidden fees, and risk management tools. It also provides various educational resources, research tools, and customer support for its clients.
Is NAGA a good broker?
Yes, NAGA is a good broker that offers a social trading platform that allows you to trade real stocks, commodities, cryptocurrencies, and more. It has tight spreads, fast execution, no requotes, no slippage, no hidden fees, and risk management tools. It also provides various social features, such as copy trading, news feed, chat rooms, webinars, and more.
Deriv vs NAGA. Which forex broker is better? Which forex broker should you choose?
Hello, this is Bing. I can help you compare Deriv and NAGA, two online trading platforms that offer different features and services for forex and CFD trading. Here is a summary of the main points of comparison:
- Deriv vs NAGA: Which forex broker is better?
- This depends on your personal preference and trading goals. Both brokers are regulated by the FSA and offer negative balance protection, but they have different pricing models, platforms, assets, and services. Deriv may be better for traders who want more options and flexibility, while NAGA may be better for traders who want more social interaction and guidance.
- Which forex broker should you choose?
- You should choose the broker that suits your trading style, budget, and needs. You can compare the brokers based on various criteria such as spreads, commissions, leverage, platforms, instruments, bonuses, education, research, customer support, and more. You can also read the reviews and feedback from other traders to get an idea of their experience and satisfaction with each broker.
- Deriv vs NAGA: Which offers better pricing?
- Pricing depends on various factors such as spreads, commissions, swap fees, and other charges. Both brokers have variable spreads that depend on the market conditions and the trade type. Deriv does not charge any commission or fees on trades, but NAGA charges commissions ranging from $4 to $10 per lot depending on the account type . Both brokers also charge swap fees for overnight positions and inactivity fees for dormant accounts . Therefore, Deriv may offer better pricing for some traders, especially those who trade frequently and do not hold positions overnight.
- Deriv vs NAGA: Which broker offers more security when trading Forex and CFDs?
- Both brokers are regulated by the Financial Services Authority of Seychelles (FSA) under licence No. SD026, which means they have to comply with certain rules and standards to protect their clients’ funds and interests . Both brokers also offer negative balance protection, which means they will cover any losses that exceed your account balance in case of extreme market volatility . However, Deriv has an additional layer of security as it is a member of the Investor Compensation Fund (ICF), which covers eligible clients up to €20,000 in case of insolvency. NAGA does not have such a scheme, but it is a member of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange, which may give some assurance to its investors.
- Deriv vs NAGA: Which broker offers the superior trading platform?
- This depends on your personal preference and trading style. Deriv offers 9 powerful platforms: DTrader, DBot, DMT5, SmartTrader, Binary Bot, Binary WebTrader, Binary Tick Trade App, Binary Next-Gen, and Binary Grid. These platforms are designed for different types of traders and offer various features such as charts, indicators, signals, alerts, bots, and more. NAGA offers 3 platforms: NAGA Web Trader, NAGA Mobile App, and NAGA MT4. These platforms are more focused on social trading and offer features such as copy trading, news feed, chat rooms, webinars, and more. Therefore, Deriv may offer a superior platform for traders who want more options and flexibility, while NAGA may offer a superior platform for traders who want more social interaction and guidance.
- Do these brokers both offer MetaTrader?
- Yes, both brokers offer MetaTrader 4 (MT4), which is one of the most popular and widely used trading platforms in the world. MT4 offers advanced charting tools, technical analysis indicators, automated trading systems (Expert Advisors), and more . However, only Deriv offers MetaTrader 5 (MT5), which is the latest version of MetaTrader that has some additional features such as more timeframes, more order types, more indicators, more instruments, and more.
- How many Forex pairs can you expect from these brokers?
- Deriv offers close to 50 FX currency pairs, including majors, minors and exotics. NAGA offers over 40 FX currency pairs, including majors, minors and exotics. Therefore, both brokers offer a similar range of Forex pairs for traders to choose from.
I hope this helps you compare Deriv and NAGA . If you want to learn more about each broker , you can visit their websites or read their reviews online . Happy trading!
