Compare Libertex vs NAGA
What is Libertex? What is NAGA?
Libertex is a trading platform used by Indication Investments Ltd., a Cyprus Investment Firm, which is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 and provides investment services to the European Economic Area and Switzerland. Libertex offers over 250 tradable assets, including forex, stocks, ETFs, commodities, indices, and cryptocurrencies. Libertex has a web-based platform, as well as mobile apps for iOS and Android devices. Libertex also has a social trading feature that allows users to copy the trades of other investors.
NAGA is a trading platform that belongs to the NAGA Group AG, a publicly listed company on the Frankfurt Stock Exchange. NAGA is regulated by the Financial Services Authority of Seychelles (FSA) and offers over 1000 tradable assets, including forex, stocks, ETFs, commodities, indices, and cryptocurrencies. NAGA has a web-based platform, as well as mobile apps for iOS and Android devices. NAGA also has a social trading feature that allows users to copy the trades of other investors, as well as an integrated crypto wallet and exchange.
Libertex vs NAGA Regulation Comparison
Libertex is regulated by the CySEC, which is one of the most reputable financial regulators in Europe. CySEC ensures that Libertex complies with the rules and standards of the European Securities and Markets Authority (ESMA), which include investor protection, fair trading practices, and anti-money laundering measures. CySEC also provides a compensation scheme that covers up to 20,000 EUR per investor in case of insolvency of the broker.
NAGA is regulated by the FSA, which is a relatively new and less established financial regulator in Seychelles. FSA does not have the same level of oversight and enforcement as CySEC or other European regulators. FSA does not provide any compensation scheme or dispute resolution mechanism for investors in case of insolvency or misconduct of the broker.
Libertex vs NAGA Trading Assets Comparison
Libertex offers over 250 tradable assets, including 51 currency pairs, 113 stocks, 20 ETFs, 18 commodities, 19 indices, and 43 cryptocurrencies. Libertex also offers CFDs on some of these assets, which allow users to trade on margin and leverage.
NAGA offers over 1000 tradable assets, including 48 currency pairs, 600 stocks, 30 ETFs, 15 commodities, 10 indices, and 400 cryptocurrencies. NAGA also offers CFDs on some of these assets, as well as futures contracts on some commodities and indices. NAGA also allows users to trade on margin and leverage up to 1:1000.
Libertex vs NAGA Trading Fees Comparison
Libertex does not charge any commissions or spreads on its trades. Instead, it charges a fixed fee per trade based on the asset type and the trade size. The fee varies from 0.03% to 2.5% depending on the asset and the leverage used. Libertex also charges an overnight fee for holding positions overnight, which ranges from -0.05% to -0.5% depending on the asset and the direction of the trade. Libertex does not charge any deposit or withdrawal fees, but it may charge an inactivity fee of 10 EUR per month after six months of no trading activity.
NAGA charges variable spreads on its trades based on the market conditions and the liquidity of the asset. The spreads start from 0 pips for some currency pairs and go up to several pips for some stocks and cryptocurrencies. NAGA also charges an overnight fee for holding positions overnight, which varies depending on the asset and the direction of the trade. NAGA does not charge any deposit or withdrawal fees for most methods, but it may charge a fee for some payment providers or currencies. NAGA does not charge any inactivity fee for dormant accounts.
Libertex vs NAGA Account Types Comparison
Libertex offers only one type of account for all its users, which requires a minimum deposit of $100 or equivalent in other currencies. The account gives access to all the features and services of Libertex, including social trading, education materials, webinars, news feed, signals, and customer support. The account also allows users to trade with up to 1:600 leverage depending on the asset type and their experience level.
NAGA offers four types of accounts for its users: Iron Trader ($250 minimum deposit), Bronze Trader ($1k minimum deposit), Silver Trader ($5k minimum deposit), and Gold Trader ($25k minimum deposit). The account types differ in the spreads, leverage, trading signals, cashback, and customer support they offer. The Iron Trader account has the highest spreads and the lowest leverage (1:30), while the Gold Trader account has the lowest spreads and the highest leverage (1:1000). The Iron Trader account does not receive any trading signals or cashback, while the Gold Trader account receives unlimited signals and up to 10% cashback. The Iron Trader account has access to basic customer support, while the Gold Trader account has access to a personal account manager and priority support.
Libertex vs NAGA Deposit Options Comparison
Libertex supports various deposit and withdrawal methods, including credit/debit cards, bank transfers, e-wallets (Skrill, Neteller, Sofort, Trustly, iDeal, Giropay, Rapid Transfer), and cryptocurrencies (Bitcoin, Ethereum, Litecoin). The minimum deposit amount is $10 or equivalent in other currencies. The minimum withdrawal amount is $1 or equivalent in other currencies. The processing time for deposits and withdrawals depends on the method used, but it usually takes from a few minutes to a few days.
NAGA supports various deposit and withdrawal methods, including credit/debit cards, bank transfers, e-wallets (Skrill, Neteller, Sofort, Trustly, iDeal, Giropay), cryptocurrencies (Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, NAGA Coin), and NAGA Card. The minimum deposit amount is $250 or equivalent in other currencies. The minimum withdrawal amount is $50 or equivalent in other currencies. The processing time for deposits and withdrawals depends on the method used, but it usually takes from a few minutes to a few days.
Libertex vs NAGA Trading Platforms Comparison
Libertex has its own proprietary web-based platform that is accessible from any browser and device. The platform has a user-friendly interface and a customizable layout. The platform offers various tools and features for trading, such as charts, indicators, technical analysis tools, news feed, signals, social trading, and risk management tools. The platform also supports one-click trading and multiple order types. Libertex also has mobile apps for iOS and Android devices that offer similar functionality as the web platform.
NAGA has its own proprietary web-based platform that is accessible from any browser and device. The platform has a modern design and a customizable layout. The platform offers various tools and features for trading, such as charts, indicators, technical analysis tools, news feed, signals, social trading, crypto wallet and exchange, and risk management tools. The platform also supports one-click trading and multiple order types. NAGA also has mobile apps for iOS and Android devices that offer similar functionality as the web platform. Additionally, NAGA supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop and mobile devices that offer advanced trading features and automated trading options.
Libertex vs NAGA Analytical Tools Comparison
Libertex and NAGA both provides users with market news and analysis from reputable sources such as Reuters, Trading Central, Capital.com, etc., as well as educational materials such as articles, videos, webinars, courses, etc., that cover various topics such as trading basics, strategies, techniques, psychology, etc. Both also provides users with a free demo account that allows them to practice trading with virtual money before risking real money.
Libertex vs NAGA. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Different brokers may suit different traders better. Therefore, you can research and compare the features, benefits and disadvantages of each broker before making a decision. You can also try their demo account to test their platform and services without risking real money. Ultimately, you should choose the broker that best meets your needs and expectations.
