What Account Types and Fees Does Nag Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Day traders and retail traders |
Spreads from 1.7 pips, copy and social trading available |
Minimum deposit of $50, demo account available |
| Islamic Account |
Muslim traders |
Swap-free trading, spreads starting from 1 pip |
Requires support team contact for setup |
| VIP Accounts (Iron, Bronze, Silver, Gold, Diamond, Crystal) |
High-volume and professional traders |
Tiered spreads, access to trading signals and webinars |
Minimum deposits range from $250 to $100,000 based on tier |
| Demo Account |
Beginners and those testing strategies |
Risk-free trading with virtual funds |
Accessible anytime for practice without financial risk |
Account Opening Process
To open an account with Nag, follow these steps:
1. Visit the Nag website and click on the “Sign Up” button.
2. Fill out the registration form with personal details such as full name, email address, and country of residence.
3. Submit identity verification documents, including a government-issued ID and proof of address.
4. Choose your desired account type based on your trading experience and goals.
5. Fund your account using available payment methods such as bank transfers or credit/debit cards.
6. Start trading once your account is funded.
Account flexibility is available, allowing you to upgrade to a professional account later if needed.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
1.7 |
$6 per lot |
Includes various stock options |
| CFDs (Indices) |
1.5 |
$5 per lot |
Based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Nag accounts may incur several additional fees, including:
– Deposit/withdrawal fees: Fees may apply based on the payment method used.
– Inactivity fees: No fees are charged for accounts that remain inactive.
– Platform usage fees: None applicable as Nag does not impose charges for platform access.
– Overnight interest (swap rates): Standard swap rates apply for positions held overnight.
– Currency conversion fees: Applicable when trading in a currency different from your account’s base currency.
