Compare eToro vs NAGA
What is eToro? What is NAGA?
eToro is a multi-asset platform that offers both investing in stocks and cryptoassets, as well as trading CFDs. It is a leader in the social trading field, with over 30 million users worldwide. It was founded in 2007 and is regulated by several authorities, including the FCA and CySEC.
NAGA is a social investing platform that offers copy trading on major financial markets, including CFDs and real stocks. It also provides a multi-currency account, a digital wallet, and a NAGA Mastercard. It was founded in 2015 and is regulated by CySEC. It is also a publicly listed company on the Frankfurt Stock Exchange.
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$ |
eToro vs NAGA Regulation Comparison
Both eToro and NAGA are regulated by the Cyprus Securities and Exchange Commission (CySEC), which means they have to comply with strict rules regarding client funds protection, risk management, and transparency.
Additionally, eToro is regulated by other top-tier authorities, such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Services Agency (FSA) in Japan. This gives eToro an edge over NAGA in terms of regulatory oversight and trustworthiness.
eToro vs NAGA Trading Assets Comparison
eToro offers a wider range of trading assets than NAGA, including over 3000 financial instruments across six popular asset classes: stocks, ETFs, commodities, currencies, indices, and cryptocurrencies.
NAGA also offers a variety of trading assets, but mainly focuses on CFDs, which are high-risk instruments that do not give you ownership of the underlying asset. NAGA does offer real stocks as well, but not commission-free like eToro does. Moreover, NAGA does not offer bonds, futures, or options, which eToro does.
eToro vs NAGA Trading Fees Comparison
Both eToro and NAGA charge fees for trading, but they differ in their fee structure and amount.
eToro charges no commission for stock trading, but it does charge spreads (the difference between the bid and ask prices), overnight fees (for holding positions overnight), inactivity fees (for not logging in for 12 months), withdrawal fees ($5 per withdrawal), and currency conversion fees (for deposits and withdrawals in currencies other than USD).
NAGA charges commissions for stock trading (€1.98 to €5.00 per trade), as well as spreads, overnight fees, inactivity fees (for not logging in for 6 months), withdrawal fees (up to $5 per withdrawal), and currency conversion fees (for deposits and withdrawals in currencies other than USD, EUR, GBP, PLN, UST, or NGC). However, NAGA also offers discounts and rebates for higher deposit amounts and trading volume.
eToro vs NAGA Account Types Comparison
Both eToro and NAGA offer only one type of live account for retail traders, with a minimum deposit requirement of $200 for eToro and $250 for NAGA. However, both brokers also offer demo accounts with virtual funds for practice purposes.
Additionally, eToro offers an Islamic account for Muslim traders who want to trade according to Sharia law. This account has no interest charges or rollover fees on overnight positions. NAGA does not offer an Islamic account option.
eToro vs NAGA Deposit Options Comparison
Both eToro and NAGA offer multiple payment methods for depositing and withdrawing money from your account, including credit/debit cards, bank transfers, e-wallets (such as Skrill and Neteller), and cryptocurrencies (such as Bitcoin and Ethereum). However, the availability of these methods may vary depending on your country of residence.
Moreover, both brokers have different processing times and limits for each payment method. For example, eToro has a minimum deposit amount of $50 for most methods ($500 for bank transfers) and a minimum withdrawal amount of $30 for all methods. NAGA has a minimum deposit amount of $10 for most methods ($250 for bank transfers) and a minimum withdrawal amount of $50 for most methods ($1000 for bank transfers). You can check the details of each payment method on their respective websites.
eToro vs NAGA Trading Platforms Comparison
eToro and NAGA both have their own proprietary trading platforms, which are web-based and mobile-friendly. They also offer social trading features, such as copy trading and following other traders. However, they differ in their design and functionality.
eToro’s platform is sleek, modern, and easy to use for anyone, especially beginners. It has a user-friendly interface, with intuitive charts, indicators, and tools. It also has a news feed, a portfolio tracker, and a watchlist. However, it does not support advanced features, such as automated trading, custom indicators, or backtesting.
NAGA’s platform is also modern and user-friendly, but it has more features and options than eToro’s platform. It supports automated trading, custom indicators, backtesting, and multiple order types. It also has a news feed, a portfolio tracker, a watchlist, and a chat room. However, it does not support advanced charting tools, such as drawing tools or technical analysis tools.
Additionally, NAGA offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are the most popular and widely used platforms in the industry. They support advanced features, such as automated trading, custom indicators, backtesting, and technical analysis tools. They also have desktop and mobile versions. eToro does not offer the MetaTrader platforms.
eToro vs NAGA Analytical Tools Comparison
Both eToro and NAGA offer some analytical tools to help you with your trading decisions, such as market news, economic calendars, sentiment indicators, and risk management tools. However, they do not offer comprehensive or in-depth analysis or research reports.
eToro’s analytical tools are mainly focused on social trading and copy trading. You can see the performance, risk score, portfolio composition, and trading history of other traders on the platform. You can also filter them by various criteria, such as market, return, risk level, or popularity. You can also copy their trades automatically or manually with a click of a button. However, eToro does not offer any fundamental or technical analysis tools or reports.
NAGA’s analytical tools are more diverse and varied than eToro’s tools. You can also see the performance and portfolio of other traders on the platform and copy their trades automatically or manually. You can also filter them by various criteria, such as market, return, risk level, or popularity. Moreover, NAGA offers some fundamental and technical analysis tools and reports, such as market news from Reuters and Trading Central , economic calendars from FXStreet , sentiment indicators from Autochartist , and risk management tools from NAGA Protector . However, NAGA’s analytical tools are not very detailed or comprehensive compared to other brokers.
eToro vs NAGA. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading goals, and risk appetite. However, here are some possible factors that you may consider when choosing between eToro and NAGA:
- Regulation: If you value regulatory oversight and trustworthiness, you may prefer eToro, as it is regulated by more top-tier authorities than NAGA, such as the FCA and ASIC. However, both brokers are regulated by CySEC, which is a reputable regulator in the EU.
- Trading Assets: If you want to trade a wider range of trading assets, including stocks, ETFs, commodities, currencies, indices, and cryptocurrencies, you may prefer eToro, as it offers over 3000 financial instruments across six popular asset classes. However, if you mainly want to trade CFDs or real stocks, you may also consider NAGA, as it offers a variety of CFDs and some real stocks.
- Trading Fees: If you want to trade stocks commission-free, you may prefer eToro, as it does not charge any commission for stock trading. However, if you want to trade with lower spreads or get discounts and rebates for higher deposit amounts and trading volumes, you may prefer NAGA, as it offers lower spreads and more incentives for active traders. However, both brokers charge other fees, such as overnight fees, inactivity fees, withdrawal fees, and currency conversion fees. You should compare the fee structure and amount of each broker before choosing one.
- Account Types: If you are a Muslim trader who wants to trade according to Sharia law, you may prefer eToro, as it offers an Islamic account option. However, if you are a retail trader who wants to trade with a standard account type, you may choose either broker, as they both offer only one type of live account for retail traders. However, the minimum deposit requirement is slightly lower for eToro ($200) than for NAGA ($250). Both brokers also offer demo accounts with virtual funds for practice purposes.
- Deposit and Withdrawal Options: If you want to have more payment methods for depositing and withdrawing money from your account, you may choose either broker, as they both offer multiple payment methods, including credit/debit cards, bank transfers, e-wallets (such as Skrill and Neteller), and cryptocurrencies (such as Bitcoin and Ethereum). However, the availability of these methods may vary depending on your country of residence. Moreover, both brokers have different processing times and limits for each payment method. You should check the details of each payment method on their respective websites.
- Trading Platforms: If you want to trade on a sleek, modern, and easy-to-use platform that is suitable for beginners and social traders, you may prefer eToro’s platform. It has a user-friendly interface with intuitive charts and tools. It also has a news feed, a portfolio tracker, and a watchlist. However, if you want to trade on a more feature-rich and versatile platform that supports automated trading, custom indicators, backtesting , and multiple order types , you may prefer NAGA’s platform . It has more features and options than eToro’s platform . It also has a news feed , a portfolio tracker , a watchlist , and a chat room . Moreover , if you want to trade on the most popular and widely used platforms in the industry , such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5) , you may choose NAGA , as it offers both platforms . They support advanced features , such as automated trading , custom indicators , backtesting , and technical analysis tools . They also have desktop and mobile versions . eToro does not offer the MetaTrader platforms .
- Analytical Tools: If you want to have some analytical tools to help you with your trading decisions , such as market news , economic calendars , sentiment indicators , and risk management tools , you may choose either broker , as they both offer some analytical tools . However , they do not offer comprehensive or in-depth analysis or research reports . eToro’s analytical tools are mainly focused on social trading and copy trading . You can see the performance , risk score , portfolio composition , and trading history of other traders on the platform . You can also filter them by various criteria , such as market , return , risk level , or popularity . You can also copy their trades automatically or manually with a click of a button . However , eToro does not offer any fundamental or technical analysis tools or reports . NAGA’s analytical tools are more diverse and varied than eToro’s tools . You can also see the performance and portfolio of other traders on the platform and copy their trades automatically or manually . You can also filter them by various criteria , such as market , return , risk level , or popularity . Moreover , NAGA offers some fundamental and technical analysis tools and reports , such as market news from Reuters and Trading Central , economic calendars from FXStreet , sentiment indicators from Autochartist , and risk management tools from NAGA Protector . However , NAGA’s analytical tools are not very detailed or comprehensive compared to other brokers .
