Compare Forexee vs NAGA
What is Forexee? What is NAGA?
Forexee is an online forex broker that offers ECN/DMA trading on various currency pairs and CFDs. Forexee was founded in 2004 and is regulated by the Financial Services Authority of St. Vincent and the Grenadines.
NAGA is a social investing platform that offers trading and investing in over 1000 assets, including forex, stocks, CFDs, cryptocurrencies, ETFs, and futures. NAGA also provides copy trading, real stocks, and a personal account manager. NAGA was founded in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.
Forexee vs NAGA Regulation Comparison
Forexee is regulated by the Financial Services Authority of St. Vincent and the Grenadines, which is a low-tier offshore regulator that does not offer much protection or oversight for traders. Forexee does not have any other licenses from reputable authorities and does not accept clients from the USA, Canada, Japan, or North Korea.
NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK, which are both high-tier regulators that impose strict rules and standards for brokers. NAGA also complies with the European Securities and Markets Authority (ESMA) regulations and offers negative balance protection, segregated accounts, and investor compensation schemes for its clients. NAGA does not accept clients from the USA, Canada, Iran, Afghanistan, North Korea, Afghanistan, Belgium.
Forexee vs NAGA Trading Assets Comparison
Forexee offers trading on 49 currency pairs, 13 cryptocurrencies, 12 indices, 4 commodities, and 400+ stock CFDs. The total number of assets available is over 470.
NAGA offers trading on 48 currency pairs, 27 cryptocurrencies, 400+ stock CFDs, 7 commodities, 19 indices, 400+ real stocks, 12 futures, and 17 ETFs. The total number of assets available is over 1000.
Forexee vs NAGA Trading Fees Comparison
Forexee charges variable spreads that start from 0 pips on its ECN accounts and from 0.5 pips on its STP accounts. Forexee also charges commissions from $1 to $2.5 per lot per side on its ECN accounts and no commissions on its STP accounts. Forexee does not charge any deposit or withdrawal fees but third-party fees may apply. Forexee does not charge any inactivity fees or swap fees.
NAGA charges variable spreads that start from 0.7 pips on its Crystal account and from 1.7 pips on its other accounts. NAGA also charges commissions of €0.99 per trade on real stocks and $6 per lot per side on stock CFDs. NAGA charges withdrawal fees from $0 to $5 depending on the account level and third-party fees may apply. NAGA does not charge any deposit fees or inactivity fees but swap fees may apply.
Forexee vs NAGA Account Types Comparison
Forexee offers four types of live trading accounts: Basic STP, Advanced STP, ECN No Commission, and ECN Commission. The minimum deposit for all accounts is $50 and the maximum leverage is 1:500. All accounts offer market execution, no requotes, no restrictions on trading strategies, and access to MetaTrader 4 platform.
NAGA offers six types of live trading accounts: Iron, Bronze, Silver, Gold, Diamond, and Crystal. The minimum deposit ranges from $250 to $100,000 depending on the account level and the maximum leverage is 1:30 for CySEC clients and 1:500 for St.Vincent clients. All accounts offer market execution, no requotes, no restrictions on trading strategies, access to MetaTrader 4 and MetaTrader 5 platforms as well as NAGA web trader and mobile app.
Forexee vs NAGA Deposit Options Comparison
Forexee offers various deposit and withdrawal options such as credit/debit cards (Visa/Mastercard), wire transfers (SWIFT/SEPA), e-wallets (Neteller/Skrill/WebMoney/Perfect Money/FasaPay), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple), local bank transfers (Indonesia/Malaysia/Thailand/Vietnam), and vouchers (PaySafeCard/Neosurf).
NAGA offers various deposit and withdrawal options such as credit/debit cards (Visa/Mastercard), wire transfers (SWIFT/SEPA), e-wallets (Neteller/Skrill/WebMoney), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple and more), local bank transfers (Indonesia/Malaysia/Thailand/Vietnam and more), and alternative payment methods (Ideal/SoFort/Giropay and more).
Forexee vs NAGA Trading Platforms Comparison
Forexee offers MetaTrader 4 as its main trading platform, which is a popular and user-friendly platform that supports multiple charting tools, indicators, expert advisors, and automated trading. Forexee also offers a web version of MetaTrader 4 that can be accessed from any browser without downloading any software.
NAGA offers MetaTrader 4 and MetaTrader 5 as its main trading platforms, which are both popular and user-friendly platforms that support multiple charting tools, indicators, expert advisors, and automated trading. NAGA also offers a web version of MetaTrader 4 and MetaTrader 5 that can be accessed from any browser without downloading any software. In addition, NAGA offers its own proprietary web trader and mobile app that are integrated with its social and copy trading features.
Forexee vs NAGA Analytical Tools Comparison
Forexee does not offer any specific analytical tools apart from the ones available on MetaTrader 4 platform, such as technical analysis indicators, charting tools, and market news. Forexee also does not offer any social or copy trading features.
NAGA offers various analytical tools such as technical analysis indicators, charting tools, market news, economic calendar, trading signals, and market sentiment. NAGA also offers social and copy trading features such as NAGA Autocopy, NAGA Feed, NAGA Messenger, NAGA Popular Investor, and NAGA Protector.
Forexee vs NAGA. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, and risk appetite. However, based on the comparison of Forexee and NAGA, here are some general suggestions.
Forexee may be suitable for you if:
- You are looking for low spreads and commissions on ECN accounts
- You are comfortable with trading on MetaTrader 4 platform only
- You do not need any social or copy trading features
- You are aware of the risks of trading with an offshore broker
NAGA may be suitable for you if:
- You are looking for a wide range of trading assets, including real stocks and futures
- You want to trade on MetaTrader 4, MetaTrader 5, or NAGA web trader and mobile app
- You want to benefit from social and copy trading features
- You want to trade with a regulated broker that offers negative balance protection and investor compensation schemes
Ultimately, the decision is yours to make.
