Trade CFDs on Stocks, Crypto & More
NAGA offers a multi-asset investing app with an inbuilt social network, allowing everyone to trade the global financial markets, invest in digital currencies, and send money using their own personal NAGA card and payments account.
If you are looking for a platform that also offers social networking, then Naga is the crypto platform to trade on. This platform is different mainly because it uses the autocopy feature that automatically copy the strategies of other brokers and earn money from the copied trades.
Being a social media savvy platform also allows it to share a trader’s ideas, and discuss strategies not to mention learn new ones from other traders.
The main advantages of using NAGA include an extensive copy trading platform and offering MetaTrader 4 and 5. This platform allows traders to trade over 1000 asset like CFDs, Stocks and Forex. However, there is a withdrawal fee that applies when using this platform. The NAGA platform carries the NAGAX cryptocurrency exchange.
The top NAGA features
NAGA offers more than 1000 assets including popular cryptos, forex pairs and stocks. The tools include high-quality charts and graphs that help traders utilize all the information that is available for their trading strategies. In addition to the graphs and charts, traders have access to free e-books, a webinar series, and tutorial videos. Traders can also deposit and withdraw the funds into the exchange via wire transfers, credit cards and other payment options like:
The minimal withdrawal is $50.
This is an innovative feature that is fronted as the ultimate copy trading tool. It allows you to automatically copy expert and leading traders on the exchange and learn from the experience. You can find the traders that you want to copy on the leaderboard on the platform and then hit autocopy to begin the process.
The first step in the NAGA autocopy process is to find the best lead trader on the leaderboard. Search the lead trader by assets, performance and percentage of the rate, among other criteria. Find the one that suits your need and click on autocopy.
The second step after clicking on the autocopy button is to check out the settings and trading indicators that show the real performance of the lead trader. This indicators should also show how copiers benefit when they copy this trade. Now you are ready to invest the funds with a fixed amount per trade or a percentage.
Third, enter the amount and ratio and then click on the start “autocopying” button. Once you do that you begin to automatically mirror the lead trader’s positions. The good news is that you can change the autocopy settings or monitor your trade’s progress at any time. And you can do this without closing the positions in the platform’s copy trading section.
Remember, you can copy Stop Loss and Take Profit settings after the lead trader. Having said that, you can still set the limits for each of the copied trades individually in your trades menu. Once you have confirmed the autocopy, the algorithm on the platform will mirror any eligible trades by lead trader you are copying.
Any trades and orders that you are within the range of the parameters you have set will be copied. However, if you have insufficient funds in your account, the order is going to be skipped resulting in missing out on the trades in the autocopy timeline menu.
To be able to trade the numerous assets on this platform, the intuitive interface on the web trader is straightforward. You can also use the mobile app to trade anywhere, anytime.
NAGAX is a platform with more than one million investors. So, any traders using the platform will have many opportunities to trade, learn from other investors and invest in interesting trades. This app also elevates you to become a trader that others can learn from and copy. The best part is that NAGA takes low fees which protects the trader’s wallet from taking huge financial hits.
The NAGA Popular Investor:
This is the platform’s program that allows all traders to share their trading portfolio and strategies with other traders in their global network. The NAGA Popular Investor’s Fund can pay up to $100,000 per month to trader’s whose trades on the platform are copied by other traders.
NAGA is one of the easiest to use platforms allowing it to compete with larger platforms like Binance and Coinbase. The ease of use can be found in the reliability of the platform without downtimes that interrupt trading. Also, it has extensive features that give traders excellent options to work their trading magic. It allows you to pick from several platforms and markets.
The platform offers multiple market options including:
NAGA is available in four languages which are English, Spanish, German and Portuguese.
As earlier mentioned, the platform uses NAGAX which was introduced in 2018. This platform offers attractive features however, it is not available for U.S. users and also other countries like Iran and Cuba, among others.
The payment plans for NAGA are either basic or premium. The basic plan is free allowing you to trade over 950 assets and offering copy trading and a crypto wallet. On the flip side, the premium plan offers all the basic features with a few more perks and it also requires a monthly payment of 4.99 euros.
This platform is available on the web, Meta trader 4 and mobile. It is compatible with both Apple and Android.
On the web, you can access all the NAGA features allowing you to perform functions like autocopying and setting price alerts. This platform allows supports more than 950 trading instruments.
On the mobile platform, you can use the on the go trading. It is easily downloaded from Google play although the app doesn't give instructions on how to download from iOS. While you may not have access to all the regular NAGA features there is enough on the mobile platform to keep trading anywhere and anytime like autocopy and chatting with other people on the platform.
Finally, there is the downloadable MetaTrader 4 and MetaTrader 5 which are both leading trading platforms in the trading industry. They offer a reliable and responsive trading experience since autocopy is attached to MetaTrader 4 (MT4). This allows you to continue trading on the platform.
The platform has top-tier security. NAGA Markets Europe Ltd is under the regulation of the CySEC (Cyprus Securities and Exchange Commission). This is an excellent platform keeping your personal information and trading strategies secure.
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NAGA is an excellent platform for people who are social media savvy and love to network in the trading industry. It is easy to use with low transactional fees making it a firm favorite for many traders.
Most importantly, it is a reliable trading exchange where there are multiple markets to work with in a secure platform.
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