✔️ Information reviewed and updated in March 2024 by Pedro Martínez González

NAGA reviews

Analysis on NAGA Markets

➡️ In this section we will analyze NAGA Markets (also called with the name: nagamarkets.eu – naga.com, nagatrader.com), A Forex, Cryptocurrency and CFD broker. Is NAGA Markets really recommended to make an investment? Is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.

Now, you can find the following: opinions about NAGA Markets ✅, claims, complaints, experiences, analysis of the most important characteristics of this company (updated 2022), and most importantly: Is NAGA Markets a safe site? ⛔ Can we trust this company? ✅ Will we be able to withdraw our money? All this and more in this review about this investment company.

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️️ Essential information: Who does it belong to? Where is located? Is it a regulated broker?

  • ❌ NAGA Markets mentions being part of NAGA MARKETS EUROPE LTD, NAGA Technology GmbH, NAGA X LTD, NAGA GLOBAL LLC.
  • ❌ Regarding its location, the company is based in Germany, Cyprus y San Vicente y las Grenadines.
  • ❌ If we analyze its security, we observe that NAGA Markets is regulated by CySEC.

ATTENTION: NAGA Markets is regulated by LOW QUALITY.

📌 Remember: the best option (and the safest) are the regulated brokers, as they must meet very strict requirements. Working with an unregulated broker is very risky. 📌

 

Account types | Investment platform

 

Now we go on to analyze the account types that NAGA Markets offers, in this case, we see that it offers 6 different accounts:

  • Steel Account- $ 0 minimum initial deposit, all available financial instruments, limited NAGA academy, webinars, daily videos.
  • Bronze Account- $ 1.000 minimum initial deposit, all available financial instruments, limited NAGA academy, webinars, daily videos, technical analysis reports.
  • Silver Account- $ 5.000 minimum initial deposit, all available financial instruments, limited NAGA academy, webinars, daily videos, technical analysis reports.
  • Gold Account- Minimum initial deposit of $ 20.000, all available financial instruments, access to full NAGA academy, webinars, daily videos, technical analysis reports, personalized coaching, no withdrawal or deposit fees, savings of up to 50% in trading fees.
  • Diamond Account- Minimum initial deposit of $ 50.000, all available financial instruments, access to full NAGA academy, webinars, daily videos, technical analysis reports, personalized coaching, no withdrawal or deposit fees, savings of up to 50% on trading fees, spreads lower on main instruments.
  • Crystal Account- Minimum initial deposit of $ 100.000, all available financial instruments, access to full NAGA academy, webinars, daily videos, technical analysis reports, personalized coaching, no withdrawal or deposit fees, savings of up to 50% on trading fees, spreads lower on main instruments, spreads on main instruments without commissions.

The trading platform that NAGA Markets offers is: MetaTrader 4.

 

Resources | Website

 

Here we will examine the different resources and aids for the trader that NAGA Markets provides on its website. We believe that the resources and help provided on the website can be a great advantage for the broker.

NAGA website
NAGA Markets website

NAGA Markets provides the following help or resources to traders or interested parties: basic explanation of financial products that the company NAGA Markets provides, some live graphics, explanation of some basic concepts of the investment world, webinars, economic calendar.

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Another insights about NAGA Markets

 

🔻 We will leave you some more information in case you want to contact the company, or see its website for yourself. 🔻

  • 🌏 Website: nagamarkets.eu/en
  • 📞 Telephone number: +44 33 0808 8867 | +44 20 3318 4345 | +357 25 041410

Maybe you wonder why we review NAGA Markets. We make this review and assessment, because we receive different messages and comments asking for the reliability of the company in question. We like to think that our reviews page help investors, providing key information about the company, we disclose information that every investor should know before you are inclined or not, by investing with a company of investment.

You're a representative of this company? We recommend you leave a comment responding to customer concerns.

Valuation on NAGA Markets

Ending with this section, in our opinion: Do we believe that the NAGA Markets company is reliable? Should you invest your money with the company? Are they a recommended company? ⭐ Analysis of 2022 ⭐

❌ After having examined the company, we recommend caution. It is an illegal company, that is, it does not have the necessary authorizations to operate as a company. We suspect that it may be a company with which you will have problems to be able to withdraw your money, they seem to be unreliable.

In addition to this, it is a very non-transparent company, since it does not offer legal information, it does not show data about its registration and it also lacks regulation (unregulated company).

All these characteristics make us think that they are a very unserious and dangerous company to send money. ❌


A pocas palabras: It doesn't seem like a good idea, we suggest using caution.


Our advice: we always recommend working only with duly regulated companies, Isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest? Why invest with an unregulated or poorly regulated broker, when you can invest with a broker regulated by a serious regulator?

📌 Don't forget: one of the few measures that assure customers' money is the broker regulationIn other words, it is probably the most important feature of any broker; HAVE GOOD REGULATION. Good regulation means that there is a authority to which, in case of misunderstandings or problems, customers can file a complaint. 📌

What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, too leave a comment on our website with your experience with this broker.

 

🔻🔻 We leave a vote open so that traders, clients and users of the broker can vote. 🔻🔻

 

[democracy id = ”207 ″]

 

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

38 comments on «NAGA Markets: Rating and Comments»

  1. Juanlu Reply

    I have made a deposit and after 4 hours it still has not materialized.
    The company puts many obstacles to withdraw the money, they tell you to make a deposit to have a registered card to be able to withdraw the money with it. I have made several deposits and the card still does not appear as registered.
    I've been trying to contact an operator all morning and there's no way, there's only one chat boots that answers. SO FAR I HAVE NOT LIKED THE EXPERIENCE

    • Recommended-brokers.com Reply

      Hello Juanlu, many clients have complained about your lack of ethics and professionalism, they tell us that the service is very bad and the commissions are excessive, thanks for commenting on NAGA Markets. They have told us about this broker that it is an alleged SCAM. They use different regulations and usually they will mess with the weakest one to manipulate the accounts and make a profit on your loss. Do not send them money, they want to get as much money as possible from you with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  2. Marie Reply

    Depositing money is very easy. The customer service simply does not give service or gives very very little, it is not good. I don't understand what the problem is supposed to be. I have accounts with 2 other brokers and there are no withdrawal problems, no problems. I will never work with Naga again. For withdrawals they are pure empty excuses and problems and more problems and more problems, their strategy is that you get exhausted from asking for withdrawal and don't do it.

    Greetings from Germany.

    • Recommended-brokers.com Reply

      Hello Marie, many clients have complained, we see that the service is very bad and the commissions are excessive, thank you for commenting on NAGA Markets. About this broker we have been told that it is an alleged SCAM. They use different regulations and usually they set you up with the weakest one to manipulate the accounts and make a profit on your loss. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  3. mirko Reply

    Hat nichts mit einem professionellem Unternehmen zu tun. Werde andauernd angerufen und der Support ist ein Witz. Habe hier schon unverschuldet viel Geldrloren und rate jedem davon ab sich hier zu registrieren.

    • Recommended-brokers.com Reply

      Hello Robert, many clients have complained, we see that the service is very bad and the commissions are excessive, thanks for commenting on NAGA Markets. About this broker we have been told that it is an alleged SCAM. They use different regulations and usually they set you up with the weakest one to manipulate the accounts and make a profit on your loss. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  4. Robert Reply

    they steal from you with swaps, it's a scam, you don't even realize it and they melt your account, they do it on purpose, they are the classic traps of the broker who wants to steal money from clients... stay tuned

    • Recommended-brokers.com Reply

      Hi Robert, it shouldn't be like that, that is not correct, many clients have complained, we see that the service is very bad and the commissions are excessive, thanks for commenting on NAGA Markets. About this broker we have been told that it is an alleged SCAM. They use different regulations and usually they set you up with the weakest one to manipulate the accounts and make a profit on your loss. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  5. Javier Reply

    I have been trying for 15 days to withdraw from the naga wallet to a different wallet without result. It says Processing!!! That movement costs me $250, for that price I hope to have my values ​​at the moment. Well, it is not like that, they charge you an arm and a leg and you have to beg them to transfer what is yours to you. All documentation is validated, it was confirmed by Naga and still after 15 days and several contacts with the chat support without result. I cannot recommend NAGA at all. THEY ARE SCAMMERS

    • Recommended-brokers.com Reply

      Hello Javier, it shouldn't be like that, many clients have complained, we see that the service is very bad and the commissions are excessive, thanks for commenting on NAGA Markets. About this broker we have been told that it is an alleged SCAM. They use different regulations and usually they set you up with the weakest one to manipulate the accounts and make a profit on your loss. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  6. Michael S. Reply

    Lots of withdrawal attempts and they come at me with cheap excuses. It seems that they want to keep the money and give a thousand and one problems to empty their account and the support, although it gives an answer, it does not solve anything. Regrettable.

    • Recommended-brokers.com Reply

      Hello Miguel S, many clients have complained, we see that the service is very bad and the commissions are excessive, thanks for commenting on NAGA Markets. About this broker we have been told that it is an alleged SCAM. They use different regulations and usually they set you up with the weakest one to manipulate the accounts and make a profit on your loss. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  7. William N. Reply

    The app is designed to make bets of 100% of your money by default and with huge buttons that can be pressed by mistake. This is intentional.
    Naga also deletes the bad opinions of anyone who dares to criticize on his social network.

    • Recommended-brokers.com Reply

      Hello Guillermo, many clients have complained, we see that the service is very bad and the commissions are excessive, thanks for commenting on NAGA Markets. About this broker we have been told that it is an alleged SCAM. They use different regulations and usually they set you up with the weakest one to manipulate the accounts and make a profit on your loss. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  8. Carlos Reply

    Things have not gone well for me with Naga, I feel cheated, bad service, bad platform, bad customer service and very slow in returning, I do not recommend it to myself but enemy !!!

    • Recommended-brokers.com Reply

      Hello Carlos, many clients have complained, we see that the service is very bad, thanks for commenting on NAGA Markets. About this broker we have been told that it is an alleged SCAM. They use different regulations and usually they set you up with the weakest one to manipulate the accounts and make a profit on your loss. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

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