What Account Types and Fees Does NAGA Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Iron Account |
Beginners |
Low minimum deposit, access to basic features |
Suitable for those starting with small capital |
| Bronze Account |
Casual Traders |
Competitive spreads, flexible leverage options |
Requires a minimum deposit of $3,000 |
| Silver Account |
Intermediate Traders |
Enhanced features, tighter spreads |
Ideal for traders seeking moderate risk |
| Gold Account |
Experienced Traders |
Premium services, lower trading fees |
Requires higher trading volume commitments |
| Diamond Account |
Professional Traders |
Access to advanced trading tools, high leverage |
Requires substantial capital and trading experience |
| Crystal Account |
Corporate Clients |
Customized services, exclusive benefits |
Requires corporate documentation and significant deposits |
Account Opening Process
To open an account with NAGA, the process involves several steps: First, users need to submit personal information, including their name, email, and phone number. Next, employment details and financial background are required to assess the trader’s profile. Additionally, identity verification is mandatory, which includes providing a government-issued ID and proof of address. After these steps, traders can enjoy flexibility in their accounts, including the ability to upgrade to a professional account as their trading experience grows.
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 rates for minor pairs |
| CFDs (S&P 500) |
1.2 |
$0 |
Low fees for index trading |
| CFDs (Gold) |
0.3 |
$0 |
Attractive rates for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, NAGA has several other costs to consider: There are no deposit or withdrawal fees for standard methods, though some alternative payment options may incur charges. An inactivity fee applies if the account remains dormant for an extended period. Platform usage is generally free; however, overnight interest (swap rates) may apply to leveraged positions. Lastly, currency conversion fees could be applicable if trading in a different currency than the account’s base currency.
