Compare FIBO Group vs NAGA
What is FIBO Group? What is NAGA?
FIBO Group is an international broker that was founded in 1998 and offers trading in forex, CFDs, commodities, metals, indices, and cryptocurrencies.
NAGA is a social trading platform that was launched in 2015 and offers trading in forex, CFDs, stocks, ETFs, commodities, metals, indices, and cryptocurrencies. Both brokers are regulated by multiple authorities and have a global presence.
FIBO Group vs NAGA Regulation Comparison
FIBO Group is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) of Mauritius, and the Financial Conduct Authority (FCA) of the UK.
NAGA is regulated by the CySEC, the Australian Securities and Investments Commission (ASIC), and the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA).
FIBO Group vs NAGA Trading Assets Comparison
FIBO Group offers over 60 currency pairs, over 200 CFDs on stocks, commodities, metals, indices, and cryptocurrencies, as well as spot metals and spot cryptocurrencies.
NAGA offers over 50 currency pairs, over 950 CFDs on stocks, ETFs, commodities, metals, indices, and cryptocurrencies, as well as spot cryptocurrencies.
FIBO Group vs NAGA Trading Fees Comparison
FIBO Group charges variable spreads and commissions depending on the account type and the trading instrument. The average spread for the EUR/USD pair is 0.8 pips on the MT4 Fixed account, 0.6 pips on the MT4 NDD account, and 0 pips plus a commission of $6 per lot on the MT4 NDD No Commission account.
NAGA charges variable spreads and commissions depending on the account type and the trading instrument. The average spread for the EUR/USD pair is 1.2 pips on the Iron account, 1 pips on the Bronze account, 0.9 pips on the Silver account, 0.7 pips on the Gold account, 0.5 pips on the Diamond account, and 0.4 pips on the Crystal account. The commission ranges from $10 to $2 per lot depending on the account type.
FIBO Group vs NAGA Account Types Comparison
FIBO Group offers four main account types: MT4 Fixed, MT4 NDD, MT4 NDD No Commission, and cTrader NDD. The minimum deposit for each account is $50, $300, $300, and $500 respectively. The maximum leverage for each account is 1:1000, 1:400, 1:400, and 1:200 respectively.
NAGA offers six main account types: Iron, Bronze, Silver, Gold, Diamond, and Crystal. The minimum deposit for each account is $250, $2,500, $5,000, $25,000, $50,000, and $100,000 respectively. The maximum leverage for each account is 1:500 for all accounts except for Crystal which has a leverage of 1:100.
FIBO Group vs NAGA Deposit Options Comparison
FIBO Group supports various deposit and withdrawal methods such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), cryptocurrencies (Bitcoin/Ethereum), and local payment methods (FasaPay/Perfect Money). The processing time for deposits is instant for most methods except for bank wire transfer which may take up to 5 business days. The processing time for withdrawals is up to 24 hours for most methods except for bank wire transfer which may take up to 5 business days.
NAGA supports various deposit and withdrawal methods such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), cryptocurrencies (Bitcoin/Ethereum/NAGA Coin), and local payment methods (Sofort/Giropay). The processing time for deposits is instant for most methods except for bank wire transfer which may take up to 3 business days. The processing time for withdrawals is up to 24 hours for most methods except for bank wire transfer which may take up to 3 business days.
FIBO Group vs NAGA Trading Platforms Comparison
FIBO Group supports two main trading platforms: MetaTrader 4 (MT4) and cTrader. MT4 is a popular platform that offers advanced charting tools, technical indicators, automated trading, and customizability. cTrader is a platform that offers fast execution, level II pricing, advanced order types, and social trading. Both platforms are available as desktop, web, and mobile versions.
NAGA supports three main trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and NAGA Trader. MT4 and MT5 are similar to FIBO Group’s platforms, but MT5 has some additional features such as more timeframes, more order types, and more indicators. NAGA Trader is a proprietary platform that offers social trading, copy trading, auto trading, and gamification. It is available as a web and mobile version.
FIBO Group vs NAGA Analytical Tools Comparison
FIBO Group offers various analytical tools such as economic calendar, market news, trading signals, and webinars. NAGA offers various analytical tools such as economic calendar, market news, trading signals, webinars, and NAGA Academy.
FIBO Group vs NAGA. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose. It depends on your personal preference, trading goals and risk appetite. However, there are a few factors you can consider:
- Nếu bạn đang tìm kiếm một nhà môi giới có nhiều quy định hơn, nhiều tài sản giao dịch hơn, chênh lệch thấp hơn và đòn bẩy cao hơn, bạn có thể thích NAGA hơn FIBO Group.
- If you are looking for a broker with more account types, more deposit and withdrawal options, and more trading platforms, you may prefer FIBO Group over NAGA.
- If you are looking for a broker with more social trading features, more gamification elements, and more educational resources, you may prefer NAGA over FIBO Group.
- If you are looking for a broker with more advanced charting tools, more technical indicators, and more automated trading options, you may prefer FIBO Group over NAGA.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their services before committing to a real account. You can also read online reviews and feedback from other traders who have used both brokers.
