Compare easyMarkets vs NAGA
What is easyMarkets? What is NAGA?
easyMarkets is an online trading broker that offers various financial instruments such as forex, CFDs, indices, commodities, metals, cryptocurrencies, and options. NAGA is a social trading platform that allows users to trade stocks, ETFs, forex, CFDs, cryptocurrencies, and futures, as well as copy the trades of other users and invest in portfolios.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
easyMarkets vs NAGA Regulation Comparison
easyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Seychelles Financial Services Authority (FSA), and the British Virgin Islands Financial Services Commission (FSC).
NAGA is regulated by the CySEC, the UK Financial Conduct Authority (FCA), the German Federal Financial Supervisory Authority (BaFin), the Italian Commissione Nazionale per le Società e la Borsa (Consob), and the Spanish Comisión Nacional del Mercado de Valores (CNMV).
easyMarkets vs NAGA Trading Assets Comparison
easyMarkets offers over 200 trading assets, including 62 currency pairs, 15 indices, 6 metals, 4 energies, 3 agricultural commodities, 52 cryptocurrencies, and 136 options.
NAGA offers over 950 trading assets, including 47 currency pairs, 12 indices, 6 metals, 3 energies, 2 agricultural commodities, 10 cryptocurrencies, over 600 stocks, over 100 ETFs, and over 100 futures.
easyMarkets vs NAGA Trading Fees Comparison
easyMarkets charges fixed spreads and no commissions on its trades. The average spread for EUR/USD is 0.8 pips on its web platform and TradingView platform, and 0.7 pips on its MT4 and MT5 platforms. NAGA charges variable spreads and commissions on its trades. The average spread for EUR/USD is 1.2 pips on its MT4 platform and 1.5 pips on its MT5 platform. The commission is $10 per lot round turn on both platforms.
easyMarkets vs NAGA Account Types Comparison
easyMarkets offers two types of account: Standard and VIP. The minimum deposit for the Standard account is $25 and for the VIP account is $2,500. The maximum leverage for both accounts is 1:400.
NAGA offers four types of account: Iron Trader, Bronze Trader, Silver Trader, and Gold Trader. The minimum deposit for the Iron Trader account is $250 and for the other accounts is $1,000. The maximum leverage for all accounts is 1:500.
easyMarkets vs NAGA Deposit Options Comparison
easyMarkets supports various deposit and withdrawal options such as credit/debit cards, bank wire transfer, Skrill, Neteller, WebMoney, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, crypto wallets (Bitcoin, Ethereum, Litecoin), Crypto Cash (Tether), giropay and AstroPay.
NAGA supports similar options such as credit/debit cards, bank wire transfer, Skrill, Neteller, Trustly, paysafecard, Przelewy24, iDEAL SOFORT giropay crypto wallets (Bitcoin Ethereum Litecoin Dash) Crypto Cash (Tether) Dragonpay Local bank transfer
easyMarkets vs NAGA Trading Platforms Comparison
easyMarkets provides three trading platforms: its own web platform and app platform that are user-friendly and feature-rich; TradingView that offers advanced charting and analysis tools; and MetaTrader 4 (MT4) and MetaTrader 5 (MT5) that are popular and powerful platforms with automated trading capabilities.
NAGA also provides three trading platforms: its own web platform and app platform that are social-oriented and intuitive; MetaTrader 4 (MT4) and MetaTrader 5 (MT5) that are similar to easyMarkets’; and NAGA Protector that is a risk management tool that allows users to set stop loss and take profit levels automatically.
easyMarkets vs NAGA Analytical Tools Comparison
easyMarkets offers various analytical tools such as market news economic calendar trading signals dealCancellation freeze rate inside viewer free guaranteed stop loss free education one-click trading trailing stop pending orders .
NAGA also offers various analytical tools such as market news economic calendar trading signals NAGA Protector NAGA Portfolios NAGA Copy Trading NAGA Wallet NAGA Card free education one-click trading trailing stop pending orders
easyMarkets vs NAGA. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better, as different brokers may suit different traders depending on their preferences, goals, and strategies. However, you can consider some of the following factors to help you choose a broker:
- Regulation: Both easyMarkets and NAGA are regulated by reputable authorities such as CySEC and FCA, which means they have to comply with high standards of security, transparency, and customer protection. However, NAGA has more regulators than easyMarkets, which may indicate a higher level of trustworthiness and global reach.
- Trading Assets: Both easyMarkets and NAGA offer a wide range of trading assets, including forex, CFDs, cryptocurrencies, and more. However, NAGA has more assets than easyMarkets, especially in stocks, ETFs, and futures, which may appeal to traders who want more diversity and opportunities in their portfolio.
- Trading Fees: Both easyMarkets and NAGA charge competitive fees for their trades, but they have different fee structures. easyMarkets charges fixed spreads and no commissions, which means the trading costs are predictable and transparent. NAGA charges variable spreads and commissions, which means the trading costs may fluctuate depending on market conditions and trading volume.
- Account Types: Both easyMarkets and NAGA offer multiple account types to suit different levels of traders. However, easyMarkets has a lower minimum deposit requirement than NAGA for its standard account ($25 vs $250), which may be more accessible and affordable for beginners or low-budget traders. NAGA has a higher minimum deposit requirement for its other accounts ($1,000), which may be more suitable for experienced or high-volume traders who want to access more features and benefits.
- Deposit and Withdrawal Options: Both easyMarkets and NAGA support various deposit and withdrawal options such as credit/debit cards, bank wire transfer, e-wallets, crypto wallets, and more. However, easyMarkets has more options than NAGA, especially in local payment methods such as BPAY, UnionPay, FasaPay, AstroPay, giropay, etc., which may be more convenient and cost-effective for traders from different regions and countries.
- Trading Platforms: Both easyMarkets and NAGA provide three trading platforms: their own web platform and app platform that are user-friendly and feature-rich; MetaTrader 4 (MT4) and MetaTrader 5 (MT5) that are popular and powerful platforms with automated trading capabilities; and a risk management tool that allows users to set stop loss and take profit levels automatically (easyMarkets Protector vs NAGA Protector). However, easyMarkets also offers TradingView that offers advanced charting and analysis tools, which may be useful for technical traders who want to enhance their trading performance.
- Analytical Tools: Both easyMarkets and NAGA offer various analytical tools such as market news, economic calendar, trading signals, free education, one-click trading, trailing stop, pending orders, etc., which may help traders to stay informed, educated, and efficient in their trading decisions. However, NAGA also offers social trading features such as NAGA Portfolios, NAGA Copy Trading, NAGA Wallet, NAGA Card, etc., which may enable traders to interact with other traders, copy their trades, invest in portfolios, manage their funds, etc., which may be beneficial for traders who want to learn from others or diversify their income sources.
Based on these factors you can weigh the pros and cons of each broker according to your own preferences goals and strategies. You can also read some reviews from other traders who have used these brokers to get some insights into their experiences feedbacks and ratings.
