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Comments on NAGA Markets

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

➡️ In this section you can find: opinions about NAGA Markets ✅, claims eexperiences , ananalysis 📊 of the most important characteristics of this company (updated 2022), and most importantly: Is it NAGA Markets ⚠️ a safe broker? Can we trust this company? Will we be able to withdraw our money? All this and more in this review on this investment company.

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We do this review and assessment, because we receive different messages and comments asking about the reliability of the company in question. ¿Are you a representative of this company? Leave a comment responding to customer concerns.

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

✅ The broker mentions being part of: NAGA Markets Ltd. Update March 2022: NAGA Group AG, The NAGA Group AG, NAGA Markets Europe Ltd, NAGA Technology GmbH and NAGA Global Ltd
 
✅ Regarding its location, the broker mentions being based in: Cyprus and Saint Vincent and the Grenadines.
 

✅ If we analyze the regulation of the broker: because NAGA Markets is regulated by the CySEC (regulatory body of Cyprus) with the regulation number CIF 204/13. Regarding this regulation, in our opinion, we want to emphasize that we consider that it is not a safe regulation.
 
📌 Remember: the best (and safest) option are regulated brokersas they must meet very strict requirements. Work with an unregulated brokerit's very risky, don't take that risk. 📌

If now we go on to analyze account types that NAGA Markets offers, we note that it offers 6 different types of account; the Steel Account, the Bronze Account, the Silver Account, the Gold Account, the Diamond Account and the Crystal Account.

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.

NAGA Markets account types
NAGA Markets account types

In the following image you can have more information about the types of account. Click here to see the image in full size.

Las platforms to operate that NAGA Markets offers are: the MT4 platform.

We will now analyze the different resources and aids for traders that NAGA Markets provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.

NAGA Markets 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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🟢 Other information about NAGA Markets 🟢

(I.e. Some more information in case you want to contact the company, or see its website for yourself. (I.e.

🌏 Website: nagamarkets.eu/en

📞 Telephone number: +44 33 0808 8867 | +44 20 3318 4345 | +357 25 041410

📧 Email: [email protected]

You might be wondering why we review NAGA Markets. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.

>>> Assessment on NAGA Markets <<

Ending with this section, in our opinion Do we believe that the company NAGA Markets is trustworthy? Should you invest your money with the company? ⭐ 2022 analysis
 
Seeing all this, we recommend taking caution, because: although it is a regulated broker, but unfortunately CySEC (Cyprus) is a very unsafe regulation and as a consequence thousands of people have been scammed by brokers regulated by this body; It has offices in countries with a very bad reputation (Cyprus); When looking for reviews about NAGA Markets we found several negative reviews warning about this broker. Bottom line: it doesn't seem like a good idea, we suggest using caution.
 
We always recommend working only with properly 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?
 
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
 
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, you can also leave a comment on our website with your experience if you are a client of the broker.

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

What do you think of NAGA Markets? What has been your experience?


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20 comments on «NAGA Markets: Rating and Comments»

  1. AFFECTED Reply

    A TOTAL FIASCO! What is this way of vilely robbing innocent people ??? I've been trying to withdraw for weeks and they only put obstacles, obstacles and excuses. Nobody answers me directly anymore. What can be done? How are these LADRONESSSS going to get away like this?

    • Recommended brokers.com Post AuthorReply

      Hello AFFECTED, we see that the service is very bad, thanks for commenting on NAGA Markets. This broker is a SCAM. They use different regulations and usually stick you with the weakest 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, the money is not put on the market, they only show it 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.

      • Fernando Reply

        they are unprofessional and unethical, the platform stops frequently even in the middle of operations, the curious thing is that many times when you are winning and you are going to close it is not possible, as the program or the platform detects that you are going to do something that they don't want to and they prevent you with their tricks...everything is very strange, I don't recommend it.

        • Recommended brokers.com Post AuthorReply

          Hello Fernando, we see that the service is very bad, thanks for commenting on NAGA Markets. This broker is a 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.

  2. christopher Reply

    To deposit are all facilities, they open your account and accept your money in a second. To withdraw it are all buts, problems, they ask you for documents again and again, and again. In my opinion they don't want one to withdraw the money, and they seem like thieves to me. I already explained that I need the money and I have been trying to withdraw for more than a month and a half and I still cannot withdraw anything. If it continues like this, I'll go to the police soon.

    regards

    • Recommended brokers.com Post AuthorReply

      Hi Cristpher, thanks for commenting on NAGA Markets. This broker is a SCAM. They use different regulations and usually stick you with the weakest 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, the money is not put on the market, they only show it 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. William Reply

    They really show themselves as a serious and regulated broker but they are the opposite. First they change the swaps as they want, one day they change it and a month, and then again. Then they let you deposit quickly without asking for any documentation, but to withdraw they ask you for a little, they even ask you for a blood sample.

    The worst of all is that I have left my comment on other investment company opinion platforms, the best known, and these naga markets rogues are in charge of erasing my complaints THAT ARE TRUE accusing me of being from the competition or a false comment. .

    THEY ARE THE WORST, JUST PROBLEMS WITH THEM. BETTER AVOID THEM.

    • Recommended brokers.com Post AuthorReply

      Hi GUILLERMO, thanks for commenting on NAGA Markets. This broker is a SCAM. 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 on the market, they only show it 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. MANUEL LOPEZ Reply

    I have been a NAGA customer since 2017, and I was quite satisfied.

    Since July 2021, AND WITHOUT PRIOR NOTICE, the commissions for SWAPS have changed.
    Now it is almost impossible to make operations with IBEX 35 shares, since in some cases they suppose an APR of MAS of 350% per year.

    I am closing open positions, and will close the account shortly.

    experience with them VERY NEGATIVE.

    • Recommended brokers.com Post AuthorReply

      Hi MANUEL, thank you for commenting on NAGA Markets. This broker is a SCAM. 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 on the market, they only show it 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. bicola Reply

    From everything you have commented, I can attest that it is all true.
    Conditions change from one day to the next, many times without warning, and they hide from the fact that you have to constantly check their website that they do not keep it updated. Swaps go up from one day to the next x18 and say it is normal. They have higher commissions than other operators. They tell you that withdrawals are free, the next day they are 10 Eur and years later they pass it to you at 5 Eur. The charges for copying were free, then commissions with% of the profit, and then raise them more. Disappearing Rollovers. From the initial conditions to the final, nothing to do. If you make claims to them, as they have said, they only make you feel bad because you are the only one to blame. From when I entered that there were no commissions for anything, to now that there are for everything, it is a sangria. Apart from applying censorship in the chats because they cannot deny anything that has happened.
    Regarding the claims to the institutions, another fallacy, after a cyberattack with the loss of confidential data and a claim to the CNMV that they could not do anything, even if it was data of European citizens. Another claim for abusive interest in the swaps to CySEC (Cyprus) that you already know what you have to do for investing in CFDs. In short chiringito to keep your money.
    Regarding the questions, if I have numbers and contacts like others who have given their opinions, you only have to enter the CNMV website for claims, CySEC's website for claims and NAGA's support website for claims.
    And as they have said out there, all the propaganda on the webs are subsidized by the brokers in question, if not, how are you asking, can you show the summaries and extracts of the operations and the years operating to have a real opinion?

    • Recommended Brokers Post AuthorReply

      Hi Bicola, thanks for commenting on NAGA Markets. This broker is a SCAM. 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 on the market, they only show it 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. Jonathan Zapatero Reply

    The latest from NAGA! They have taken € 250 for my nose!

    I opened an account with Hanseatic, which appears to have been later taken over by NAGA.

    I was unlucky that my computer exploded and until recently I have not been able to operate again. I recently bought a new computer and last week I accessed my account to get very serious about trading, and I have been able to find out that since October 2019 they charge € 50 per month per activity, a total of € 250. I am not aware that they have notified me, I have checked it in my email, because if I had done so (even with an email) I would have contacted NAGA to temporarily cancel the account. It seems abusive to me that they have charged me so much, I understand that they have to charge if they have users who are inactive, but without notifying me that they have charged me so much it seems frankly abusive.

    • Recommended Brokers Post AuthorReply

      Hi Jonathan, thank you for sharing your experience with NAGA Markets. 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 numbers, contact names, emails from which you have been contacted?

      regards

  7. Hugo Reply

    Hello everybody. I want to contribute based on my experience with Naga Markets. I started as a client with Hanseatic-Brokerhouse two years ago, which later became Naga Markets. I have not entered the MT6 platform for about 4 months due to many occupations and yesterday (December 17, 2019) I find that the money I had in my two real accounts is empty. I did not leave any trade open and without the stop loss. I wrote quickly asking where my money was. They replied that they applied maintenance costs to me for not performing operations and that an e-mail was sent in October to all clients informing them of this change in their policy. I do not remember receiving such an e-mail and I have thoroughly checked both the spam and the paper within my gmail account and there is no trace of that message. It was not a lot of money, about 105 euros in one and 65 euros in the other, because I am still learning and I was not risking so much, but it still hurts me that they do this to me. I consider it an armed robbery and for this reason, I would like to find another broker based in Spain, that does not charge me maintenance costs and that does not do these things to me. Can you recommend one that is reliable? I would really appreciate it.

    • Recommended Brokers Post AuthorReply

      Hi Hugo, thank you for sharing your experience with NAGA Markets. 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 numbers, contact names, emails? About what can be done, you can contact CYSEC, which is the regulator of NAGA Markets, although in our opinion it is not a good regulator, it is a regulator and you can try. On legit brokers, look for brokers regulated by the FCA of England, we consider them safe.

      regards

  8. Felipe Reply

    Naga Markets are scammers and all the negative comments on the network are true and it is a clear reflection of the thieves they are. The restructuring that is being talked about has been going on for a long time and the simple truth is that this restructuring is based on paying agencies to write good things about them on the pages and blogs and I am more than sure that it is a purchased one . It is a big lie about the changes that are being talked about, this broker is 100% SCAM. By the way, the CYSEC regulation of Cyprus is just a facade that in itself does not help anything but look on YouTube for IronFx Scam and you will see everything that happened when this company, regulated by CYSEC of Cyprus, stole millions from its clients. However, they continue with their criminal activities ...

    • Recommended Brokers Post AuthorReply

      Hello Felipe, thank you for sharing your experience with NAGA Markets. 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 numbers, contact names, emails?

      regards

  9. JOSE LUIS Reply

    From the small investment group to which I belong and represent, I leave you some comments and verified information in case they can help to complement your review.

    We started our client relationship with Hanseatick Broker House in 2017, later they became Naga Markets, their parent being The Naga group AG.

    They recently started a major restructuring with the financial support of Fosun investment. according to statements by its founder and CEO Benjamin Bilski. is nearing completion. It should be noted that, within this restructuring aimed at reducing costs, improving results and positioning, they have just expanded in Asia and plan to focus on marketing actions, with the recent integration into their team of Vince de Castro as Chief Marketing Officer, who has extensive experience in similar positions.

    As you indicated, they are regulated in Cyprus, although fortunately for the tranquility of investors, they compensate for the Cypriot “particular regulation”, since Cyprus adopted the MiFID II directive through Law 87 (l) of 2017 on Investment Services and Markets Regulated, a directive that came into force on January 1, 2018 with the aim of regulating financial instrument markets and the provision of investment services and activities within the European Economic Area.

    The objectives of the MiFID II of the European Union are: to improve efficiency levels, increase financial transparency, promote competition and protect clients effectively. Among other aspects, MiFID II also allows companies to provide investment and auxiliary services in the territory of another member state and / or third countries, as long as such services are covered by the investment company license.

    On the other hand, it also gives us peace of mind that NAGA Markets is part of the Investor Compensation Fund, an entity whose objective is to face the claims of clients against companies of the Fund and compensate them in case they do not comply with their obligations with the client, whether derived from the contract or the laws in force, or if said companies harm the client in any way.

    Our experience is very positive, one of its best assets is the quality and kindness of its human teams dedicated to customer service and support, its social platform is very intuitive and easy to use, although on the negative side, lately they have implemented changes that As usually happens initially, they have led to some failures that have affected a small number of customers due to software problems, which they are progressively solving.

    In fact, these changes have caused us problems due to errors in the calculation of our available margins, but in their favor I must say that at all times we have felt taken care of by our account manager and the support team, who have escalated the situation both the IT department and the Compliance department, which in our opinion says a lot in its favor, since it shows a genuine interest in maintaining the level of customer satisfaction.

    As a complement to the information you provide, I leave you the form of contact with the matrix

    Link to THE NAGA GROUP website: thenagagroup .com

    Contact:
    The NAGA Group AG
    Andreas Lucke
    Management Board
    Stadthausbrucke 1-3, 5th floor
    20355 Hamburg
    Germany
    Tel .: +49 40 5247 791 53
    E: [email protected] .com
    Email: [email protected] .com
    Internet: naga .com
    ISIN: DE000A161NR7
    WKN: A161NR
    Indices: Scale 30
    Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

    You can access more information on LinkedIn

    • Recommended Brokers Post AuthorReply

      Hi José, thanks for all the information about NAGA Markets.

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