Compare Forex.com vs NAGA
What is Forex.com? What is NAGA?
Forex.com is a global forex and CFD broker that offers trading on over 4,500 markets, including forex, indices, commodities, shares, and cryptocurrencies. Forex.com is a brand name of GAIN Capital, which is regulated by top-tier authorities such as the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).
NAGA is a social trading platform that allows users to trade over 950 instruments, including forex, stocks, ETFs, indices, commodities, and cryptocurrencies. NAGA also offers features such as copy trading, auto trading, and a native token called NGC. NAGA is operated by NAGA Markets Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Forex.com vs NAGA Regulation Comparison
Forex.com has a higher level of regulation than NAGA, as it is licensed by multiple regulators in different jurisdictions. Forex.com also provides investor protection schemes for its clients, such as the Financial Services Compensation Scheme (FSCS) in the UK and the Securities Investor Protection Corporation (SIPC) in the US.
NAGA is only regulated by CySEC, which is a reputable but less strict regulator than the ones that oversee Forex.com. NAGA also offers investor protection up to €20,000 per client under the Investor Compensation Fund (ICF) in Cyprus.
Forex.com vs NAGA Trading Assets Comparison
Forex.com has a wider range of trading assets than NAGA, as it offers more than 4,500 markets across various asset classes. Forex.com has over 80 forex pairs, over 2,000 stocks and ETFs, over 20 indices, over 10 commodities, and over 40 cryptocurrencies.
NAGA has fewer trading assets than Forex.com, as it offers around 950 instruments across different asset classes. NAGA has over 50 forex pairs, over 600 stocks and ETFs, over 10 indices, over 10 commodities, and over 20 cryptocurrencies.
Forex.com vs NAGA Trading Fees Comparison
Here is a list of the main differences between Forex.com and NAGA in terms of trading fees:
- Forex.com has lower spreads and commissions for most instruments, especially forex and indices.
- NAGA has higher spreads and commissions for most instruments, especially forex and indices.
- Forex.com offers discounts for high-volume traders, while NAGA does not.
- NAGA applies fees for inactivity, withdrawal, and currency conversion, while Forex.com does not.
Forex.com vs NAGA Account Types Comparison
Forex.com has three main account types: Standard, Commission, and DMA. The Standard account has no commission but higher spreads, the Commission account has lower spreads but a commission of $5 per 100k traded, and the DMA account has direct market access but a commission of $60 per million traded. Forex.com also offers an Islamic account for swap-free trading.
NAGA has four main account types: Iron Trader, Bronze Trader, Silver Trader, and Gold Trader. The Iron Trader account has no commission but higher spreads, the Bronze Trader account has lower spreads but a commission of $4 per lot traded, the Silver Trader account has even lower spreads but a commission of $3 per lot traded, and the Gold Trader account has the lowest spreads but a commission of $2.5 per lot traded. NAGA also offers an Islamic account for swap-free trading.
Forex.com vs NAGA Deposit Options Comparison
Forex.com has more deposit and withdrawal options than NAGA, as it supports bank transfer, credit/debit card, PayPal, Skrill, Neteller, UnionPay, BPay, FasaPay, Sofort Banking and WebMoney . Forex.com does not charge any deposit or withdrawal fees for most methods .
NAGA has fewer deposit and withdrawal options than Forex.com, as it supports bank transfer, credit/debit card, Skrill, Neteller, Trustly, GiroPay, Klarna, Przelewy24, Rapid Transfer, EPS, iDeal, NGC, BTC, ETH, BCH, LTC, DASH, and XRP . NAGA charges a withdrawal fee of €10 for bank transfer and €2 for other methods.
Forex.com vs NAGA Trading Platforms Comparison
Forex.com has more trading platforms than NAGA, as it offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), Advanced Trading Platform (ATP), and Web Trading Platform. Forex.com’s platforms are user-friendly, customizable, and feature-rich, with advanced charting, trading tools, and indicators.
NAGA has fewer trading platforms than Forex.com, as it offers MT4, MT5, and NAGA Web Platform. NAGA’s platforms are also user-friendly, customizable, and feature-rich, with social trading, copy trading, auto trading, and NAGA Protector features.
Forex.com vs NAGA Analytical Tools Comparison
Forex.com has more analytical tools than NAGA, as it provides market analysis, news, economic calendar, trading signals, trading strategies, and educational resources on its website and platforms . Forex.com also offers premium research from Trading Central and Recognia for its clients.
NAGA has fewer analytical tools than NAGA, as it provides market analysis, news, economic calendar, trading signals, and educational resources on its website and platforms . NAGA also offers social trading and copy trading features for its clients to follow and copy other traders.
Forex.com vs NAGA. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, preferences, and goals. However, you may consider some of the following factors:
- Regulation and security: Forex.com has a higher level of regulation and investor protection than NAGA, as it is licensed by multiple top-tier authorities and offers compensation schemes for its clients. If you value safety and reliability, you may prefer Forex.com over NAGA.
- Trading assets and fees: Forex.com has a wider range of trading assets and lower trading fees than NAGA for most instruments, especially forex and indices. If you want to diversify your portfolio and save on costs, you may prefer Forex.com over NAGA.
- Account types and payment methods: Forex.com has more account types and payment methods than NAGA, as it offers three different commission models and supports various online payment options. If you want to have more flexibility and convenience, you may prefer Forex.com over NAGA.
- Trading platforms and tools: Forex.com and NAGA have similar trading platforms and tools, as they both offer MT4, MT5, and web-based platforms with advanced features. However, NAGA has more social trading and copy trading features than Forex.com, while Forex.com has more premium research and educational resources than NAGA. If you want to learn from other traders and copy their strategies, you may prefer NAGA over Forex.com. If you want to access more market analysis and trading signals, you may prefer Forex.com over NAGA.
Ultimately, the best forex broker for you is the one that suits your needs and expectations. You may want to try out both brokers with a demo account before making a final decision.
