Compare Pepperstone vs NAGA
What is Pepperstone? What is NAGA?
Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.
NAGA is an international broker belonging to the NAGA Group A.G, a publicly listed company in the Frankfurt stock exchange. Their specialty is social and copy trading of both real stocks and ETFs along with CFDs on all major asset classes.
Pepperstone vs NAGA Regulation Comparison
Pepperstone is regulated by 4 top-tier regulators: FCA (UK), ASIC (Australia), DFSA (United Arab Emirates) and CySEC (Cyprus). It also has 3 other licenses from SCB (Bahamas), CMA (Kenya) and BaFin (Germany).
NAGA is regulated by only one top-tier regulator: CySEC (Cyprus). It also has one other license from BaFin (Germany).
Pepperstone vs NAGA Trading Assets Comparison
Pepperstone offers over 1000 instruments to trade, including forex, CFDs on indices, commodities, metals, energies, futures, ETFs, options and cryptocurrencies.
NAGA offers over 950 instruments to trade, including forex, CFDs on indices, commodities, metals, energies, futures, ETFs, options and cryptocurrencies. It also offers real stocks and ETFs.
Pepperstone vs NAGA Trading Fees Comparison
Pepperstone has two types of accounts: Standard and Razor. The Standard account has no commissions but higher spreads, while the Razor account has low spreads from 0.0 pips but charges commissions of $7 per lot round turn.
NAGA has four types of accounts: Iron, Bronze, Silver and Gold. The Iron account has no commissions but higher spreads, while the other accounts have lower spreads but charge commissions of $4 per lot round turn for Bronze, $3 for Silver and $2.5 for Gold.
Pepperstone vs NAGA Account Types Comparison
Pepperstone has a minimum deposit requirement of $0 for both Standard and Razor accounts.
NAGA has a minimum deposit requirement of $250 for Iron account, $2,500 for Bronze account, $5,000 for Silver account and $25,000 for Gold account.
Pepperstone vs NAGA Deposit Options Comparison
Pepperstone supports various payment methods such as credit/debit cards, PayPal, UnionPay and wire transfer.
NAGA supports various payment methods such as credit/debit cards, Neteller, Skrill, Trustly, crypto cash, crypto wallet and wire transfer.
Pepperstone vs NAGA Trading Platforms Comparison
Pepperstone offers three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. All platforms are available for desktop, web and mobile devices.
NAGA offers its own proprietary trading platform called NAGA Trader. It is a gamified social trading platform full of features and very responsive. It is available for desktop, web and mobile devices.
Pepperstone vs NAGA Analytical Tools Comparison
Pepperstone provides various analytical tools such as Autochartist, Smart Trader Tools, VPS hosting and API trading.
NAGA provides various analytical tools such as NAGA Protector, NAGA Signals, NAGA Academy and NAGA Wallet.
Pepperstone vs NAGA. Which forex broker is better? Which forex broker should you choose?
Choosing a broker depends on your personal preferences, trading style, goals and risk appetite. However, based on the comparison I provided earlier, here are some factors that can help you decide:
- If you value regulation and security, you may prefer Pepperstone because it has more top-tier licenses and operates in more jurisdictions than NAGA.
- If you value social and copy trading, you may prefer NAGA as it has a more advanced and interactive platform that allows you to follow, copy and chat with other traders.
- If you value low fees and low spreads, you may prefer Pepperstone as it has lower commissions and spreads than NAGA on most accounts and instruments.
- If you value real stocks and ETFs, you may prefer NAGA as it provides access to over 400 real stocks and ETFs from 9 global exchanges, while Pepperstone only offers CFDs on those assets. This.
- If you value trading platforms and tools, you may prefer Pepperstone as it offers three popular and reliable platforms: MT4, MT5 and cTrader, along with various analysis tools like Autochartist and Smart Trader Tools. NAGA provides its own platform only, which may not suit everyone’s taste or needs.
In the end, the best way to find out which broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their services before making a final decision.
