Compare Fortrade vs NAGA
What is Fortrade? What is NAGA?
Fortrade is an online trading platform that provides access to over 1000 financial instruments, including forex, stocks, commodities, indices, and ETFs. Fortrade is based in London and regulated by the Financial Conduct Authority (FCA) in the UK. Fortrade aims to offer a user-friendly and secure trading environment for both beginners and experienced traders.
NAGA is an online trading platform that combines social trading, copy trading, and investing in real stocks, commodities, cryptocurrencies, and more. NAGA is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) and other authorities. NAGA also has its own native cryptocurrency, the NAGA Coin (NGC), which can be used to lower trading fees and access various benefits on the platform.
Fortrade vs NAGA Regulation Comparison
Both Fortrade and NAGA are regulated by reputable authorities in their respective jurisdictions. Fortrade is authorised and regulated by the FCA in the UK, which is one of the most respected regulators in the world. The FCA requires brokers to adhere to strict standards of financial security, transparency, and customer protection. Fortrade also complies with the European Securities and Markets Authority (ESMA) regulations and the Markets in Financial Instruments Directive (MiFID) II.
NAGA is regulated by the CySEC in Cyprus, which is also a well-known regulator in Europe. The CySEC follows the MiFID II framework and ensures that brokers follow the rules of conduct, capital adequacy, and investor compensation. NAGA also has additional licenses from the FCA in the UK, the BaFin in Germany, the Consob in Italy, the CNMV in Spain, and other regulators.
Fortrade vs NAGA Trading Assets Comparison
Fortrade offers a wide range of trading assets for its clients, including over 300 currency pairs, over 150 stocks, over 50 commodities, over 30 indices, and over 20 ETFs. Fortrade also offers CFDs on cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, and more. Fortrade allows traders to trade with up to 1:1000 leverage on some instruments, depending on their account type and experience level.
NAGA also offers a diverse selection of trading assets for its clients, including over 500 currency pairs, over 400 stocks, over 50 commodities, over 30 indices, and over 10 ETFs. NAGA also offers CFDs on cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Dash, and more. NAGA allows traders to trade with up to 1:1000 leverage on some instruments, depending on their account type and experience level.
Fortrade vs NAGA Trading Fees Comparison
Fortrade charges its clients mainly through spreads and swaps on its trading instruments. Fortrade does not charge any commissions or hidden fees on its trades. Fortrade also does not charge any deposit or withdrawal fees on most payment methods. However, Fortrade may charge an inactivity fee of $10 per month if the account has been dormant for more than six months.
NAGA charges its clients mainly through spreads and swaps on its trading instruments. NAGA does not charge any commissions or hidden fees on its trades. NAGA also does not charge any deposit or withdrawal fees on most payment methods. However, NAGA may charge an inactivity fee of $10 per month if the account has been dormant for more than six months. Additionally, NAGA may charge a copy fee of up to 0.5% of the copied trade value if the client uses the copy trading feature on the platform.
Fortrade vs NAGA Account Types Comparison
Fortrade offers three types of accounts for its clients: Standard Account, Premium Account, and Islamic Account. The Standard Account is suitable for most traders who want to access all the features and services of Fortrade with a minimum deposit of $100. The Premium Account is designed for more experienced traders who want to enjoy lower spreads and higher leverage with a minimum deposit of $5000. The Islamic Account is tailored for Muslim traders who want to trade according to Sharia law without paying or receiving any interest with a minimum deposit of $1000.
NAGA offers four types of accounts for its clients: Iron Account, Bronze Account, Silver Account, and Gold Account. The Iron Account is suitable for beginners who want to access all the features and services of NAGA with a minimum deposit of $250 or equivalent in NGC. The Bronze Account is designed for intermediate traders who want to enjoy lower spreads and higher leverage with a minimum deposit of $2500 or equivalent in NGC. The Silver Account is tailored for advanced traders who want to benefit from lower spreads, higher leverage, and more perks with a minimum deposit of $5000 or equivalent in NGC. The Gold Account is reserved for professional traders who want to access the best trading conditions and exclusive benefits with a minimum deposit of $25000 or equivalent in NGC.
Fortrade vs NAGA Deposit Options Comparison
Fortrade supports a variety of deposit and withdrawal options for its clients, including credit and debit cards, bank wire transfers, e-wallets such as Skrill, Neteller, WebMoney, and more. Fortrade also accepts deposits and withdrawals in multiple currencies, such as USD, EUR, GBP, CAD, AUD, CHF, and more. Fortrade processes deposits and withdrawals within one business day, depending on the payment method and verification status.
NAGA also supports a variety of deposit and withdrawal options for its clients, including credit and debit cards, bank wire transfers, e-wallets such as Skrill, Neteller, WebMoney, and more. NAGA also accepts deposits and withdrawals in multiple currencies, such as USD, EUR, GBP, CAD, AUD, CHF, and more. NAGA also accepts deposits and withdrawals in cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Dash, and NGC. NAGA processes deposits and withdrawals within one business day, depending on the payment method and verification status.
Fortrade vs NAGA Trading Platforms Comparison
Fortrade provides its clients with two main trading platforms: Fortrader and MetaTrader 4 (MT4). Fortrader is a proprietary web-based platform that offers a simple and intuitive interface for trading over 1000 instruments with fast execution and advanced charting tools. Fortrader is also available as a mobile app for iOS and Android devices. MT4 is a popular third-party platform that offers a powerful and customizable interface for trading over 300 instruments with automated trading and technical analysis tools. MT4 is also available as a desktop application and a mobile app for iOS and Android devices.
NAGA provides its clients with two main trading platforms: NAGA Trader and MetaTrader 4 (MT4). NAGA Trader is a proprietary web-based platform that offers a social and interactive interface for trading over 1000 instruments with fast execution and advanced charting tools. NAGA Trader also features a copy trading function that allows clients to follow and copy other successful traders on the platform. NAGA Trader is also available as a mobile app for iOS and Android devices. MT4 is a popular third-party platform that offers a powerful and customizable interface for trading over 500 instruments with automated trading and technical analysis tools. MT4 is also available as a desktop application and a mobile app for iOS and Android devices.
Fortrade vs NAGA Analytical Tools Comparison
Fortrade offers its clients various analytical tools to enhance their trading performance and experience. These include market news and analysis, economic calendar, trading signals, trading indicators, trading calculators, video tutorials, webinars, ebooks, courses, quizzes, glossary, FAQs, and more. Fortrade also provides its clients with dedicated account managers who can assist them with any queries or issues they may have.
NAGA also offers its clients various analytical tools to enhance their trading performance and experience. These include market news and analysis, economic calendar, trading signals, trading indicators, trading calculators, video tutorials, webinars, ebooks, courses, quizzes, glossary, FAQs, and more. NAGA also provides its clients with dedicated account managers who can assist them with any queries or issues they may have. Additionally, NAGA offers its clients access to the NAGA Academy, which is an online learning platform that provides courses on various topics related to trading, investing, and cryptocurrencies. NAGA also offers its clients access to the NAGA Wallet, which is a secure and convenient multi-currency wallet that allows clients to store, send, receive, and exchange cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Dash, and NGC.
Fortrade vs NAGA. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and other factors. You should compare the features, fees, platforms and services of different brokers and decide which one suits you best.
