CYSEC — Cyprus
NAGA
Licence
NAGA Review — Overview
Regulation
Tier-1 regulated
Licence
CYSEC • FSA
Licence status
Active
Platforms
MT4
Max. leverage
1:500
Instruments
1, 000+, Forex, Commodities
Typical spread
From 1.5 pips (Silver/Gold account)
Operating
Est. 2021
Website
Unknown
NAGA is a forex & CFD broker based in Australia, established in 2021. On Trust Broker Hub it holds a Trust Score of 5.9 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Crucially, NAGA is regulated by CYSEC and FSA, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
NAGA provides access to 1, 000+, Forex, Commodities. Published conditions include leverage up to 1:500. No complaints are currently on record. Overall, NAGA has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
NAGA currently scores 5.9/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
FSA — Australia
NAGA
Licence
Tier 1 · Top
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | 1, 000+, Forex, Commodities, Stocks, Cryptocurrency CFDs, Precious Metals, Futures, ETFs, Indexes, Energy |
| Minimum deposit | Not disclosed |
| Maximum leverage | 1:500 |
| Typical spread | From 1.5 pips (Silver/Gold account) |
| Platforms | MT4 |
| Demo account | / |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on NAGA
Our analysis · editorial
5.9/10
A mixed risk profile
NAGA holds a tier-1 regulatory licence among its 2 registrations (CYSEC, FSA). Based in Australia, it has been operating for about 5 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.9/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (CYSEC, FSA)
- Holds 2 regulatory licences across multiple jurisdictions
- Operating for 5 years
- No complaints on record with us
- Supports MT4 trading
Watch-outs
- Very high leverage available (1:500) — amplifies risk
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
NAGA — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag NAGA here if that changes.
Full specifications
Regulated region
Australia
Operating period
5-10 years
Instruments
1, 000+, Forex, Commodities, Stocks, Cryptocurrency CFDs, Precious Metals, Futures, ETFs, Indexes, Energy
Year founded
2021
Frequently asked
Is NAGA a safe broker?
NAGA scores 5.9 / 10 on our Trust Score, above the 3.3 industry average. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the NAGA trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from NAGA?
NAGA publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.