Compare FXTM vs NAGA
What is FXTM? What is NAGA?
FXTM is a global online financial trading and investing broker that offers CFDs in FX, indices, commodities, and more. FXTM is regulated by multiple authorities, such as the FCA, CySEC, FSCA, and FSC. FXTM has been operating since 2011 and has over 2 million registered clients.
NAGA is a social trading platform that allows traders to trade and copy other traders with over 1000+ assets available, from commodities to stocks and cryptocurrencies. NAGA is regulated by CySEC and does not offer client protection. NAGA was founded in 2015 and has over 1.8 million traders.
FXTM vs NAGA Regulation Comparison
FXTM is regulated by four reputable authorities: the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in Mauritius. These regulators ensure that FXTM complies with high standards of security, transparency, and fair trading practices. FXTM also participates in the Investor Compensation Fund (ICF) in Cyprus and the Financial Services Compensation Scheme (FSCS) in the UK, which provide compensation to eligible clients in case of broker insolvency.
NAGA, on the other hand, is only regulated by CySEC, which is a reputable regulator but not as strict as the FCA or the FSCA. NAGA does not offer client protection or compensation schemes to its clients. Therefore, NAGA is considered less safe than FXTM in terms of regulation.
FXTM vs NAGA Trading Assets Comparison
FXTM offers over 250 trading instruments across various asset classes, such as forex, indices, commodities, stocks, ETFs, and cryptocurrencies. FXTM also offers spot metals and futures contracts on some commodities and indices. FXTM provides access to both major and exotic currency pairs, as well as CFDs on popular stocks such as Apple, Tesla, Netflix, and more.
NAGA offers over 1000 trading instruments across different asset classes, such as forex, indices, commodities, stocks, ETFs, cryptocurrencies, and physical stocks. NAGA also offers spot metals and futures contracts on some commodities and indices. NAGA provides access to both major and exotic currency pairs, as well as CFDs on popular stocks such as Apple, Tesla, Netflix, and more. NAGA also allows traders to buy and sell physical stocks from various markets around the world.
FXTM vs NAGA Trading Fees Comparison
FXTM charges variable spreads on its trading instruments, which depend on the account type and market conditions. The average spread for the EUR/USD pair on the Standard Account is 1.2 pips, while on the ECN Account it is 0.3 pips plus a commission of $2 per lot per side. FXTM does not charge any deposit or withdrawal fees but may charge an inactivity fee of $5 per month after six months of no trading activity.
NAGA also charges variable spreads on its trading instruments, which depend on the account type and market conditions. The average spread for the EUR/USD pair on the Iron Account is 1 pip plus a commission of $2 per lot per side, while on the Diamond Account it is 0 pip plus a commission of $10 per lot per side. NAGA does not charge any deposit fees but may charge withdrawal fees depending on the payment method used. NAGA also charges an inactivity fee of $10 per month after three months of no trading activity.
FXTM vs NAGA Account Types Comparison
FXTM offers six account types to suit different trading styles and preferences: Standard Account, Cent Account, Stock CFDs Account, ECN Account, ECN Zero Account, and Pro Account. The minimum deposit for the Standard Account is $100, while for the Pro Account it is $25,000. The maximum leverage for all accounts is 1:2000 except for the Pro Account which is 1:200. All accounts offer negative balance protection and Islamic swap-free option except for the ECN Account.
NAGA offers five account types to suit different trading styles and preferences: Iron Account, Bronze Account, Silver Account, Gold Account, and Diamond Account. The minimum deposit for the Iron Account is $250, while for the Diamond Account it is $50,000. The maximum leverage for all accounts is 1:500 except for the Diamond Account which is 1:100. All accounts offer negative balance protection and Islamic swap-free option.
FXTM vs NAGA Deposit Options Comparison
FXTM offers a variety of deposit and withdrawal options for its clients, such as bank transfer, credit/debit cards, e-wallets, and cryptocurrencies. Some of the supported payment methods are WebMoney, Skrill, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto, and Google Pay. The processing time for deposits is instant for most methods, while for withdrawals it may take up to 24 hours. The minimum deposit and withdrawal amount is $10 for most methods.
NAGA also offers a variety of deposit and withdrawal options for its clients, such as bank transfer, credit/debit cards, e-wallets, and cryptocurrencies. Some of the supported payment methods are Crypto, Crypto Cash, Dash, Ethereum, Litecoin, Local bank transfer, Neteller, paysafecard, Przelewy24, Skrill, SOFORT, Trustly, and Wire transfer. The processing time for deposits is instant for most methods, while for withdrawals it may take up to 48 hours. The minimum deposit and withdrawal amount is $250 for most methods.
FXTM vs NAGA Trading Platforms Comparison
FXTM supports two of the most popular trading platforms in the industry: MetaTrader 4 and MetaTrader 5. Both platforms are available in desktop, web, and mobile versions. FXTM also offers its own mobile app called FXTM Trader, which allows traders to access their accounts and trade on the go. FXTM’s platforms offer advanced charting tools, technical indicators, market news, economic calendar, trading signals, and more.
NAGA also supports MetaTrader 4 and MetaTrader 5 as its trading platforms. Both platforms are available in desktop, web, and mobile versions. NAGA also offers its own mobile app called NAGA Trader, which allows traders to access their accounts and trade on the go. NAGA’s platforms offer advanced charting tools, technical indicators, market news, economic calendar, trading signals, and more. NAGA also features a social trading network where traders can follow and copy other traders, chat with them, and share their ideas.
FXTM vs NAGA Analytical Tools Comparison
FXTM provides various analytical tools to help its clients with their trading decisions, such as market analysis, market outlook, daily market commentary, trading calculators, and webinars. FXTM also offers free education materials, such as articles, videos, e-books, and seminars. FXTM also has a dedicated team of experts who provide market insights and trading tips to its clients.
NAGA also provides various analytical tools to help its clients with their trading decisions, such as market analysis, market outlook, daily market commentary, trading calculators, and webinars. NAGA also offers free education materials, such as articles, videos, e-books, and seminars. NAGA also has a dedicated team of experts who provide market insights and trading tips to its clients. NAGA also features a social trading network where traders can follow and copy other traders, chat with them, and share their ideas.
FXTM vs NAGA. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. However, here are some points you may want to consider:
- FXTM is more regulated than NAGA, as it has licenses from four reputable authorities, while NAGA only has one. This means that FXTM offers more security and protection to its clients, as well as compensation schemes in case of broker insolvency. If you value safety and trustworthiness, you may prefer FXTM over NAGA.
- NAGA offers more trading instruments than FXTM, as it has over 1000 assets available, including physical stocks and cryptocurrencies. This means that NAGA offers more diversity and flexibility to its clients, as well as access to emerging markets and trends. If you value variety and innovation, you may prefer NAGA over FXTM.
- FXTM and NAGA have similar trading fees, as they both charge variable spreads and commissions depending on the account type and market conditions. However, FXTM has lower minimum deposit and withdrawal amounts than NAGA, as well as faster processing times for withdrawals. This means that FXTM offers more convenience and affordability to its clients, especially for beginners and small traders. If you value ease and cost-effectiveness, you may prefer FXTM over NAGA.
- FXTM and NAGA both support MetaTrader 4 and MetaTrader 5 as their trading platforms, which are widely used and trusted by traders around the world. However, NAGA also features a social trading network where traders can follow and copy other traders, chat with them, and share their ideas. This means that NAGA offers more social interaction and learning opportunities to its clients, especially for novice and aspiring traders. If you value community and education, you may prefer NAGA over FXTM.
Ultimately, the choice between FXTM and NAGA depends on your personal preferences, trading goals, and risk appetite. You may want to try out both brokers with a demo account before making a final decision. You can also read more about their features and services on their websites .
