Compare IronFX vs NAGA
What is IronFX? What is NAGA?
IronFX is a global online broker that offers trading in forex, CFDs, stocks, commodities, indices, futures, and cryptocurrencies. IronFX is regulated by several authorities, including CySEC, ASIC, FCA, and FSCA. IronFX claims to provide fast execution, tight spreads, and various account types for different trading styles.
NAGA is a social trading platform that allows traders to invest in stocks, ETFs, forex, CFDs, and cryptocurrencies. NAGA is also regulated by CySEC and offers a range of features, such as copy trading, automated trading, free education, and trading signals. NAGA also has its own native cryptocurrency, the NAGA Coin (NGC), which can be used to access premium services and discounts.
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$ |
IronFX vs NAGA Regulation Comparison
Both IronFX and NAGA are authorised by the Cyprus Securities and Exchange Commission (CySEC), which means they have to comply with the rules and regulations of the European Union (EU) and the Markets in Financial Instruments Directive (MiFID).
IronFX has more licenses from other jurisdictions than NAGA. IronFX is also authorised by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) of the UK, and the Financial Sector Conduct Authority (FSCA) of South Africa. These licenses provide additional protection and oversight for traders who reside in these regions.
NAGA does not have any other licenses besides CySEC, which means it may not be able to accept clients from certain countries or regions that require local regulation. However, NAGA states that it follows strict anti-money laundering (AML) and know your customer (KYC) policies to ensure the safety and security of its clients’ funds and data.
IronFX vs NAGA Trading Assets Comparison
IronFX offers a wider range of trading assets than NAGA. IronFX has over 2000 instruments across various asset classes, including forex, CFDs, stocks, commodities, indices, futures, and cryptocurrencies. IronFX also offers physical stock trading for some markets.
NAGA has over 1000 instruments available for trading, including stocks, ETFs, forex, CFDs, and cryptocurrencies. However, NAGA does not offer physical stock trading or futures trading. NAGA also has fewer forex pairs and commodities than IronFX.
IronFX vs NAGA Trading Fees Comparison
IronFX charges different fees depending on the account type and the trading instrument. IronFX has four main account types: Micro Account, Premium Account, VIP Account, and Zero Fixed Spread Account. Each account type has different minimum deposits, spreads, commissions, and leverage levels. IronFX also charges swap fees for holding positions overnight and inactivity fees for dormant accounts.
NAGA charges variable spreads and commissions for most of its instruments. NAGA also has three account types: Standard Account, Trader Account, and Pro Account. Each account type has different minimum deposits, spreads, commissions, leverage levels, and benefits. NAGA also charges swap fees for holding positions overnight and withdrawal fees for certain payment methods.
IronFX vs NAGA Account Types Comparison
IronFX has four main account types: Micro Account, Premium Account, VIP Account, and Zero Fixed Spread Account. The Micro Account requires a minimum deposit of $100 and offers variable spreads from 1 pip and leverage up to 1:30 for EU clients or 1:1000 for non-EU clients. The Premium Account requires a minimum deposit of $2500 and offers variable spreads from 0.7 pips and leverage up to 1:30 for EU clients or 1:500 for non-EU clients. The VIP Account requires a minimum deposit of $20,000 and offers variable spreads from 0 pips plus commissions of $18 per lot round turn and leverage up to 1:30 for EU clients or 1:200 for non-EU clients. The Zero Fixed Spread Account requires a minimum deposit of $500 and offers fixed spreads from 0 pips plus commissions of $18 per lot round turn and leverage up to 1:30 for EU clients or 1:500 for non-EU clients.
NAGA has three account types: Standard Account, Trader Account, and Pro Account. The Standard Account requires a minimum deposit of $250 and offers variable spreads from 1.2 pips and leverage up to 1:30 for EU clients or 1:1000 for non-EU clients. The Trader Account requires a minimum deposit of $1000 and offers variable spreads from 0.9 pips plus commissions of $4 per lot round turn and leverage up to 1:30 for EU clients or 1:500 for non-EU clients. The Pro Account requires a minimum deposit of $10,000 and offers variable spreads from 0.6 pips plus commissions of $2.5 per lot round turn and leverage up to 1:30 for EU clients or 1:200 for non-EU clients.
IronFX vs NAGA Deposit Options Comparison
IronFX supports various deposit and withdrawal options, including credit/debit cards, wire transfer, Skrill, Neteller, UnionPay, Perfect Money, local bank transfer, FasaPay, crypto, and Ethereum. IronFX does not charge any fees for deposits or withdrawals, except for wire transfers below $500, which incur a $50 fee. The processing time for deposits and withdrawals may vary depending on the payment method and the verification status of the client.
NAGA supports various deposit and withdrawal options, including credit/debit cards, wire transfer, Skrill, Neteller, Trustly, paysafecard, giropay, iDEAL, Przelewy24, SOFORT, crypto cash, crypto, Dash, Litecoin, Ethereum, Dragonpay, and local bank transfer. NAGA does not charge any fees for deposits or withdrawals, except for certain payment methods that may incur third-party fees. The processing time for deposits and withdrawals may vary depending on the payment method and the verification status of the client.
IronFX vs NAGA Trading Platforms Comparison
IronFX offers two main trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications, web-based platforms, and mobile apps for iOS and Android devices. MT4 and MT5 are widely used and popular platforms that offer advanced trading tools, such as charting, indicators, expert advisors (EAs), scripts, backtesting, and automated trading. IronFX also provides access to the Personal Multi-Account Manager (PMAM) platform for money managers who want to manage multiple accounts simultaneously.
NAGA also offers MT4 and MT5 as its main trading platforms. However, NAGA also has its own proprietary platform called NAGA Trader (formerly SwipeStox), which is a social trading platform that allows traders to copy other traders’ strategies, share their own trades, chat with other traders, receive trading signals, and access free education. NAGA Trader is available as a web-based platform and a mobile app for iOS and Android devices.
IronFX vs NAGA Analytical Tools Comparison
IronFX provides various analytical tools to help traders with their trading decisions. These include market news, economic calendar, market analysis reports, trading signals from Trading Central (a third-party provider), technical analysis tools from Autochartist (a third-party provider), VPS service (for a fee), and IronFX Research app (a mobile app that delivers market news and analysis).
NAGA also provides various analytical tools to help traders with their trading decisions. These include market news feed (from Reuters), economic calendar (from Investing.com), market analysis reports (from NAGA’s own analysts), trading signals (from NAGA’s own traders), technical analysis tools (from TradingView), VPS service (for free), and NAGA Academy (a free online education platform that offers courses and webinars).
IronFX 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 broker has its own strengths and weaknesses. In conclusion, both IronFX and NAGA are reputable online brokers that offer different services and features for traders. Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. You can also read online reviews and feedback from other traders who have used these brokers before.
