Compare FP Markets vs NAGA
What is FP Markets? What is NAGA ?
FP Markets is an Australian-based online broker that offers forex and CFD trading on various assets, such as indices, commodities, stocks, metals, futures, bonds and cryptocurrencies. It was established in 2005 and is regulated by ASIC, CySEC and FSCA. It provides access to advanced trading platforms such as MetaTrader 4, MetaTrader 5 and IRESS, as well as low spreads, fast execution, high leverage and customer support.
NAGA is a Cyprus-based online broker that offers forex and CFD trading on various assets, such as indices, commodities, stocks, metals, futures, bonds and cryptocurrencies. It was established in 2015 and is regulated by CySEC. It provides access to popular trading platforms such as MetaTrader 4 and MetaTrader 5, as well as social trading features, copy trading, automated trading and customer support.
FP Markets vs NAGA Regulation Comparison
Both brokers are regulated by CySEC, which means they have to comply with strict rules regarding client funds protection, risk management, transparency and fair dealing.
FP Markets has an additional regulation from ASIC and FSCA, which are reputable regulators in Australia and South Africa respectively. This gives FP Markets an edge over NAGA in terms of global reach and credibility.
FP Markets vs NAGA Trading Assets Comparison
Both brokers offer a wide range of trading assets, including forex, CFDs on indices, commodities, stocks, metals, futures, bonds and cryptocurrencies.
FP Markets has more than 10,000 stocks available for trading across global exchanges, while NAGA has around 950 stocks.
NAGA has more cryptocurrencies available for trading than FP Markets. NAGA offers 37 crypto pairs, while FP Markets offers 10 crypto pairs.
FP Markets vs NAGA Trading Fees Comparison
Both brokers charge variable spreads on their trading instruments, which depend on the market conditions and the account type.
FP Markets claims to offer spreads as low as 0.0 pips on some forex pairs, while NAGA claims to offer spreads as low as 0.7 pips on some forex pairs.
Both brokers charge commissions on some account types and instruments. For example, FP Markets charges $3 per lot per side on its ECN account for forex and metals trading, while NAGA charges $4 per lot per side on its Iron account for forex and metals trading.
Both brokers offer swap-free accounts for Islamic traders who do not want to pay or receive interest on their positions.
FP Markets vs NAGA Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences.
FP Markets offers four account types: Standard (no commission, higher spread), ECN Raw (low commission, lower spread), Islamic (swap-free) and Professional (higher leverage, lower margin). The minimum deposit for all accounts is $100.
NAGA offers five account types: Iron (no commission, higher spread), Bronze (low commission, lower spread), Silver (lower commission, lower spread), Gold (lower commission, lower spread) and Diamond (lowest commission, lowest spread). The minimum deposit for all accounts is $250.
FP Markets vs NAGA Deposit Options Comparison
- Both brokers offer various payment methods for depositing and withdrawing funds from their accounts123.
- FP Markets accepts credit/debit cards, wire transfer, e-wallets (such as Skrill, Neteller and FasaPay), cryptocurrencies (such as Bitcoin, Ethereum and Litecoin) and local bank transfer in some countries.
- NAGA accepts credit/debit cards, wire transfer, e-wallets (such as Skrill, Neteller and Trustly), cryptocurrencies (such as Bitcoin,Ethereum and Litecoin) and local bank transfer in some countries.
- Both brokers do not charge any fees for deposits and withdrawals, but some third-party fees may apply depending on the payment method .
FP Markets vs NAGA Trading Platforms Comparison
Both brokers offer access to MetaTrader 4 and MetaTrader 5, which are the most popular and widely used trading platforms in the industry. These platforms support various features, such as charting tools, indicators, expert advisors, automated trading, one-click trading, pending orders and trailing stop .
FP Markets also offers access to IRESS, which is a web-based platform that provides advanced trading tools, such as market depth, direct market access, customisable layouts and alerts.
NAGA also offers access to its own proprietary platform, which is a social trading platform that allows traders to follow and copy other traders, chat with them, share their ideas and insights, and participate in trading contests.
FP Markets vs NAGA Analytical Tools Comparison
Both brokers provide various analytical tools to help traders with their trading decisions, such as market news, economic calendar, trading signals, webinars and education materials.
FP Markets offers more in-depth and comprehensive analytical tools, such as market analysis, technical analysis, fundamental analysis, trading strategies, trading calculators and trading guides.
NAGA offers more social and interactive analytical tools, such as leaderboards, statistics, portfolios, sentiment indicators and live streams.
FP Markets vs NAGA . Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better, as different brokers may suit different traders depending on their trading style, preferences and needs. However, here are some possible factors that may help you choose:
- If you are looking for a more regulated and reputable broker with a global presence and a long history, you may prefer FP Markets over NAGA.
- If you are looking for a more diverse and extensive range of trading assets, especially stocks and cryptocurrencies, you may prefer NAGA over FP Markets.
- If you are looking for lower trading fees and commissions, especially on forex and metals trading, you may prefer FP Markets over NAGA.
- If you are looking for more advanced and web-based trading platforms, such as IRESS, you may prefer FP Markets over NAGA.
- If you are looking for more social and interactive trading platforms, such as NAGA’s own platform, you may prefer NAGA over FP Markets.
- If you are looking for more in-depth and comprehensive analytical tools, such as market analysis, technical analysis and fundamental analysis, you may prefer FP Markets over NAGA.
- If you are looking for more social and interactive analytical tools, such as leaderboards, statistics and live streams, you may prefer NAGA over FP Markets.
