Cyprus Securities and Exchange Commission — Cyprus
NAGA Group AG
Regulated
NAGA Review — Overview
Regulation
Tier-2 regulated
Licence
CYSEC
Licence status
Regulated
Platforms
NAGA Web Trader, NAGA iOS, NAGA Android +2 more
Instruments
4, 000+, forex, cryptos
Typical spread
1.1 pips (IRON account)
Operating
Est. 1996
Main market
DE
Entity
NAGA Group AG
Website
naga.com · Online
NAGA is a forex & CFD broker based in Cyprus, established in 1996. On Trust Broker Hub it holds a Trust Score of 6.0 out of 10, which we rate as Fair — above the 4.9/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.
NAGA's licence comes from an offshore jurisdiction (CYSEC). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
NAGA provides access to 4, 000+, forex, cryptos. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. 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?
Weighted total
7.50
Data completeness
6 of 10 facts verified
60% ×0.80
Trust Score
6.0 / 10
Trust Score history
NAGA currently scores 6.0/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a CYSEC licence
- No unresolved complaints on record
- Live website and reachable support channels
Cons
- Offshore-only regulation with weaker investor protection
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
MetaQuotes registry
NAGA Capital Ltd MT5 server: NAGACapital
- Registration number
- 8422455-1
- Registered address
- CT House, Office 9A, Providence, Mahe, Seychelles
- Offices
- Seychelles
- Status (per MetaQuotes)
- Regulation: Seychelles
- Website
- www.naga.com
- service@naga.com
- Abuse reports
- compliance@nagacap.com
- Phone
- Tel: +248 2574498
Key Way Markets Ltd MT5 server: Naga.comAE
- Registration number
- 000003041
- Registered address
- Office No. 2, Floor 21, Al Sila Tower, Adgm Square, Al Maryah Island Abu Dhabi, UAE
- Offices
- UAE
- Status (per MetaQuotes)
- Non-regulated
- Website
- www.naga.com/ae
- compliance.ae@naga.com
- Abuse reports
- compliance.ae@naga.com
- Phone
- Tel: +971 506649185
Naga Markets Europe Ltd MT5 server: NagaMarkets
- Registration number
- 12345
- Registered address
- Agias Zonis, 11, 3027, Limassol, Cyprus
- Offices
- Cyprus
- Status (per MetaQuotes)
- Regulation: Cyprus
- Website
- naga.com
- support@nagamarkets.com
- Abuse reports
- support@nagamarkets.com
- Phone
- Tel: +357 25041410
Company details come from the broker's listing in MetaQuotes' MetaTrader 5 directory. A MetaQuotes listing is not a regulatory licence; see the Regulation section above for verified licences.
Trading conditions
| Instruments | 4, 000+, forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, real stocks |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | 1.1 pips (IRON account) |
| Platforms | NAGA Web Trader, NAGA iOS, NAGA Android, MetaTrader, Telegram Mini App |
| Demo account | ❌ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on NAGA
Our analysis · editorial
6.0/10
A mixed risk profile
NAGA is regulated under a mid-tier authority (CYSEC). Based in Cyprus, it has been operating for about 30 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 6.0/10 — a mixed profile.
Strengths
- Holds a recognised mid-tier licence (CYSEC)
- Long 30-year operating track record
- No complaints on record with us
- Supports NAGA Web Trader & NAGA iOS trading
Watch-outs
- Always confirm the licensed entity covers traders in your country
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
Cyprus
Operating period
5-10 years
Main market
DE
License status
Regulated
Instruments
4, 000+, forex, cryptos, shares, indices, ETFs, cryptocurrencies, commodities, futures, real stocks
Year founded
1996
Frequently asked
Is NAGA a safe broker?
NAGA scores 6.0 / 10 on our Trust Score, above the 4.9 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
What is the NAGA MT5 server name?
NAGA is listed in the MetaQuotes MetaTrader 5 directory under the server names "NAGACapital", "Naga.comAE" and "NagaMarkets". In MetaTrader 5, add an account and search for that name, then choose the exact server shown in your account details from the broker. Read our methodology.
Is NAGA regulated?
MetaQuotes lists NAGA Capital Ltd, Key Way Markets Ltd and Naga Markets Europe Ltd with the status "Regulation: Seychelles; Non-regulated; Regulation: Cyprus". That is the broker's own declaration to MetaQuotes, not a licence we have checked. We have verified a licence with CYSEC.
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.
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 doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.