Compare RoboMarkets vs NAGA
What is RoboMarkets? What is NAGA?
RoboMarkets is an online broker that offers trading services for various financial instruments, such as stocks, indices, metals, cryptocurrencies, and more. RoboMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and operates in Europe and Asia.
NAGA is a social trading platform that allows users to trade, invest, and copy other traders across multiple markets, such as forex, stocks, commodities, cryptocurrencies, and more. NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
RoboMarkets vs NAGA Regulation Comparison
RoboMarkets and NAGA are both regulated by the CySEC, which means they have to comply with the European Union’s MiFID II directive and offer negative balance protection, investor compensation fund, and segregated accounts for their clients. However, NAGA also has a license from the FSA of Saint Vincent and the Grenadines, which is a less reputable regulator and may not offer the same level of protection as the CySEC.
RoboMarkets vs NAGA Trading Assets Comparison
RoboMarkets offers more than 12,000 trading instruments across six markets: stocks, indices, metals, energy commodities, soft commodities, and forex. NAGA offers over 950 trading instruments across five markets: forex, stocks, commodities, cryptocurrencies, and ETFs. RoboMarkets has a wider range of assets than NAGA, especially in the commodities and indices sectors.
RoboMarkets vs NAGA Trading Fees Comparison
RoboMarkets and NAGA have different fee structures depending on the account type and the trading instrument. RoboMarkets charges commissions on some account types, such as Prime and ECN accounts, while NAGA charges commissions on all account types except for NAGA Unlimited. RoboMarkets has lower spreads than NAGA on average, especially on forex pairs and cryptocurrencies. Both brokers charge overnight fees (swap) for holding positions overnight, but NAGA also charges an inactivity fee of 50 EUR per month after 90 days of no trading activity.
RoboMarkets vs NAGA Account Types Comparison
RoboMarkets offers five account types: Pro, ISK for trading stocks and ETFs, R StocksTrader for stock trading, Prime for premium conditions, and ECN for professional traders. The minimum deposit for RoboMarkets accounts ranges from 100 USD/EUR/GBP to 500 USD depending on the account type. NAGA offers four account types: NAGA Basic, NAGA Silver, NAGA Gold, and NAGA Diamond. The minimum deposit for NAGA accounts ranges from 250 USD/EUR to 50,000 USD/EUR depending on the account type. Both brokers offer demo accounts for practice trading.
RoboMarkets vs NAGA Deposit Options Comparison
RoboMarkets and NAGA both support various deposit and withdrawal methods, such as bank transfer, credit/debit cards, e-wallets (Skrill, Neteller), and cryptocurrencies. RoboMarkets does not charge any deposit or withdrawal fees except for bank transfer withdrawals (30 EUR), while NAGA charges a withdrawal fee of 10 EUR for withdrawals below 250 EUR or equivalent. RoboMarkets processes withdrawal requests within one business day, while NAGA processes them within two business days.
RoboMarkets vs NAGA Trading Platforms Comparison
RoboMarkets supports three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader. These platforms are available as desktop applications, web browsers, or mobile apps. RoboMarkets also has its own proprietary web platform called R StocksTrader for stock trading.
NAGA supports two trading platforms: MetaTrader 4 (MT4) and its own proprietary platform called NAGA Trader. These platforms are available as desktop applications, web browsers, or mobile apps. Both brokers offer advanced trading features such as charting tools, indicators, expert advisors (EAs), copy trading, social trading, etc.
RoboMarkets vs NAGA Analytical Tools Comparison
RoboMarkets and NAGA both provide various analytical tools to help their clients make informed trading decisions. RoboMarkets offers market news, economic calendar, trading calculators, Autochartist (a technical analysis tool), R Trader Strategy Builder (a tool to create automated strategies), etc.
NAGA offers market news, economic calendar, trading signals, NAGA Protector (a tool to set stop loss and take profit levels), NAGA Academy (an educational platform), etc. Both brokers also have dedicated customer support teams that can be reached via phone, email, live chat, or social media.
RoboMarkets 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 it depends on your personal preferences, trading goals, and risk appetite. However, you can consider some of the following factors to help you make your decision:
- Regulation: Both brokers are regulated by the CySEC, which offers a high level of protection and security for your funds. However, NAGA also has a license from the FSA of Saint Vincent and the Grenadines, which is a less reputable regulator and may not offer the same level of protection as the CySEC. If you value safety and reliability, you may prefer RoboMarkets over NAGA.
- Trading Assets: RoboMarkets offers more than 12,000 trading instruments across six markets, while NAGA offers over 950 trading instruments across five markets . RoboMarkets has a wider range of assets than NAGA, especially in the commodities and indices sectors. If you want to diversify your portfolio and access more trading opportunities, you may prefer RoboMarkets over NAGA.
- Trading Fees: RoboMarkets and NAGA have different fee structures depending on the account type and the trading instrument. RoboMarkets charges commissions on some account types, while NAGA charges commissions on all account types except for NAGA Unlimited . RoboMarkets has lower spreads than NAGA on average, especially on forex pairs and cryptocurrencies . Both brokers charge overnight fees (swap) for holding positions overnight, but NAGA also charges an inactivity fee of 50 EUR per month after 90 days of no trading activity. If you want to save on trading costs and avoid unnecessary fees, you may prefer RoboMarkets over NAGA.
- Account Types: RoboMarkets offers five account types, while NAGA offers four account types . The minimum deposit for RoboMarkets accounts ranges from 100 USD/EUR/GBP to 500 USD depending on the account type, while the minimum deposit for NAGA accounts ranges from 250 USD/EUR to 50,000 USD/EUR depending on the account type . Both brokers offer demo accounts for practice trading. If you want to start trading with a lower initial investment and have more options to choose from, you may prefer RoboMarkets over NAGA.
- Deposit and Withdrawal Options: Both brokers support various deposit and withdrawal methods, such as bank transfer, credit/debit cards, e-wallets (Skrill, Neteller), and cryptocurrencies . RoboMarkets does not charge any deposit or withdrawal fees except for bank transfer withdrawals (30 EUR), while NAGA charges a withdrawal fee of 10 EUR for withdrawals below 250 EUR or equivalent . RoboMarkets processes withdrawal requests within one business day, while NAGA processes them within two business days . If you want to avoid extra charges and have faster access to your funds, you may prefer RoboMarkets over NAGA.
- Trading Platforms: Both brokers support MT4 as a trading platform, which is one of the most popular and widely used platforms in the forex industry. However, RoboMarkets also supports MT5 and WebTrader, while NAGA also supports its own proprietary platform called NAGA Trader . Both brokers offer advanced trading features such as charting tools, indicators, expert advisors (EAs), copy trading, social trading, etc. If you want to use the latest version of MT or have more platform choices, you may prefer RoboMarkets over NAGA. If you want to use a unique and innovative platform that integrates social trading and gamification elements, you may prefer NAGA over RoboMarkets.
- Analytical Tools: Both brokers provide various analytical tools to help their clients make informed trading decisions. RoboMarkets offers market news, economic calendar, trading calculators, Autochartist (a technical analysis tool), R Trader Strategy Builder (a tool to create automated strategies), etc. NAGA offers market news, economic calendar, trading signals, NAGA Protector (a tool to set stop loss and take profit levels), NAGA Academy (an educational platform), etc. Both brokers also have dedicated customer support teams that can be reached via phone, email, live chat, or social media. If you want to use more sophisticated tools for technical analysis and strategy building, you may prefer RoboMarkets over NAGA. If you want to use more user-friendly tools for risk management and education, you may prefer NAGA over RoboMarkets.
Ultimately, the choice of forex broker is up to you and your personal preferences. You can try out both brokers with their demo accounts and see which one suits you better. You can also read more reviews and feedback from other traders to get a better idea of their experiences and opinions
