Compare FxGlory vs NAGA
What is FxGlory? What is NAGA?
FxGlory is a forex broker that offers trading services on various instruments, such as currency pairs, commodities, stocks, indices, and cryptocurrencies. FxGlory claims to provide high leverage, low spreads, fast execution, and secure transactions. FxGlory was founded in 2011 and is regulated by the Financial Services Authority of Seychelles (FSA).
NAGA is a social trading platform that allows users to trade and copy other traders on over 1000 assets, including forex, stocks, ETFs, commodities, indices, and cryptocurrencies. NAGA also offers a native cryptocurrency called NAGA Coin (NGC), which can be used to reduce trading fees and access other features. NAGA was founded in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of Saint Vincent and the Grenadines (FSA).
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
FxGlory vs NAGA Regulation Comparison
Both FxGlory and NAGA are regulated by the FSA of Seychelles, which is a relatively low-tier jurisdiction that does not impose strict requirements on brokers. However, NAGA also holds a license from the CySEC of Cyprus, which is a more reputable regulator that follows the European Union standards and offers investor protection schemes. Therefore, NAGA has an edge over FxGlory in terms of regulation quality and security.
FxGlory vs NAGA Trading Assets Comparison
Both FxGlory and NAGA offer a wide range of trading instruments, covering forex, stocks, commodities, indices, and cryptocurrencies. However, NAGA has more assets available than FxGlory, with over 1000 symbols compared to around 300 symbols. NAGA also offers more variety in terms of ETFs and crypto CFDs. Therefore, NAGA has an advantage over FxGlory in terms of trading diversity and opportunities.
FxGlory vs NAGA Trading Fees Comparison
Both FxGlory and NAGA charge variable spreads on their trades, which depend on the market conditions and the account types. FxGlory claims to offer low spreads starting from 0.7 pips on major currency pairs, while NAGA offers spreads starting from 1 pip on the same pairs. However, both brokers may also charge commissions or swap fees depending on the account types and the trading instruments.
Additionally, NAGA offers discounts on trading fees for users who hold NGC tokens or use them as the base currency.
FxGlory vs NAGA Account Types Comparison
Both FxGlory and NAGA offer different account types for different levels of traders, with different features and benefits. FxGlory has three account types: Standard, Premium, and VIP. The main differences between them are the minimum deposit requirements ($1 for Standard, $1000 for Premium, and $5000 for VIP), the leverage levels (up to 1:3000 for Standard and Premium, and up to 1:2000 for VIP), and the commission rates (no commission for Standard and Premium, and $10 per lot for VIP).
NAGA has four account types: Iron Trader, Bronze Trader, Silver Trader, and Gold Trader. The main differences between them are the minimum deposit requirements ($250 for Iron Trader, $2500 for Bronze Trader, $5000 for Silver Trader, and $25000 for Gold Trader), the leverage levels (up to 1:1000 for Iron Trader, up to 1:500 for Bronze Trader and Silver Trader, and up to 1:200 for Gold Trader), the spread discounts (none for Iron Trader, 25% for Bronze Trader, 50% for Silver Trader, and 75% for Gold Trader), and the NGC rewards (none for Iron Trader, 0.05% for Bronze Trader, 0.1% for Silver Trader, and 0.2% for Gold Trader).
FxGlory vs NAGA Deposit Options Comparison
Both FxGlory and NAGA support multiple deposit and withdrawal methods, including credit cards, bank transfers, e-wallets, cryptocurrencies, and local payment options.
However, NAGA has more options than FxGlory in terms of e-wallets (such as Skrill, Neteller, and WebMoney) and cryptocurrencies (such as Bitcoin, Ethereum, and Litecoin). Both brokers claim to process deposits and withdrawals quickly and securely, but they may also charge fees or impose limits depending on the methods and the amounts. Therefore, the deposit and withdrawal options comparison between FxGlory and NAGA may depend on the availability and convenience of the methods for the traders.
FxGlory vs NAGA Trading Platforms Comparison
Both FxGlory and NAGA offer the popular MetaTrader 4 (MT4) platform as their main trading platform, which is compatible with desktop, web, and mobile devices. MT4 is a well-known platform that offers advanced trading tools, indicators, charts, and automated trading features.
However, NAGA also offers its own proprietary platform called NAGA Trader, which is a social trading platform that allows users to interact with other traders, copy their trades, access news and signals, and use the NAGA Wallet and Card. Therefore, NAGA has an edge over FxGlory in terms of trading platform innovation and functionality.
FxGlory vs NAGA Analytical Tools Comparison
Both FxGlory and NAGA provide various analytical tools for their traders, such as market news, economic calendars, trading signals, webinars, and educational materials.
However, NAGA has more tools than FxGlory in terms of social trading features, such as leaderboards, chat rooms, trade feeds, and auto-copying. NAGA also offers a robo-advisor service called CYBO, which is an artificial intelligence system that helps users optimize their trading performance and risk management. Therefore, NAGA has an advantage over FxGlory in terms of analytical tools diversity and quality
FxGlory vs NAGA. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their needs, preferences, goals, and strategies. However, you can consider some of the following factors to help you make your decision:
- Regulation: If you value security and protection, you may prefer NAGA over FxGlory, as NAGA is regulated by a more reputable authority (CySEC) and offers investor compensation schemes in case of insolvency.
- Trading Assets: If you value diversity and opportunities, you may prefer NAGA over FxGlory, as NAGA offers more assets to trade on, including ETFs and crypto CFDs.
- Trading Fees: If you value cost-effectiveness and efficiency, you may prefer FxGlory over NAGA, as FxGlory claims to offer lower spreads on major currency pairs. However, you may also consider NAGA if you hold or use NGC tokens, as they can reduce your trading fees significantly.
- Account Types: If you value flexibility and customization, you may prefer NAGA over FxGlory, as NAGA offers more account types with different features and benefits. However, you may also consider FxGlory if you have a low budget or want to use high leverage.
- Deposit and Withdrawal Options: If you value convenience and accessibility, you may prefer NAGA over FxGlory, as NAGA supports more deposit and withdrawal methods, especially e-wallets and cryptocurrencies. However, you may also consider FxGlory if you want to use local payment options.
- Trading Platforms: If you value innovation and functionality, you may prefer NAGA over FxGlory, as NAGA offers its own proprietary platform called NAGA Trader, which is a social trading platform with many features. However, you may also consider FxGlory if you are comfortable with using the popular MT4 platform.
- Analytical Tools: If you value quality and diversity, you may prefer NAGA over FxGlory, as NAGA provides more analytical tools for its traders, such as social trading features and a robo-advisor service. However, you may also consider FxGlory if you want to access market news, economic calendars, trading signals, webinars, and educational materials.
Ultimately, the choice between FxGlory and NAGA depends on your personal preferences and trading objectives. You may want to try out both brokers with their demo accounts before making a final decision.
