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Unregulated

NAGA

Germany
Reported regulated (unverified) Germany 4, 000+
0.0/ 10
Trust score

Fair

Mixed profile — check regulation and conditions before depositing.

Licensed-broker average 5.3 / 10
Read reviews Report broker Updated 22 Aug 2026
NAGA has no verified tier-1 regulatory licence on record. See what this means →
User reviews
License status
None
Operating since
1996
Platforms
WebTrader
Min. deposit
Max. leverage
Account types
Website status
Unknown

NAGA Review — Overview

Updated 22 Aug 2026
Regulation
Reported regulated (unverified)
Licence status
Regulated
Platforms
WebTrader
Instruments
4, 000+, forex, cryptos
Operating
Est. 1996
Website
Unknown

NAGA is a cryptocurrency exchange based in Germany, established in 1996. On Trust Broker Hub it holds a Trust Score of 4.0 out of 10, which we rate as Fair — below the 5.3/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.

We could not verify any regulatory licence for NAGA. Trading with an unregulated broker is high-risk — your funds are not protected by any authority, and there is no official body to turn to if withdrawals are blocked or the broker disappears. We strongly recommend a regulated alternative from the list on this page.

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?
Regulation tier & jurisdiction 7.0 / 10 × 50%
Transparency no trading-terms feed for exchanges 2.0 / 10 × 20%
Footprint track record 4.0 / 10 × 15%
Reviews no verified trader feedback yet 3.0 / 10 × 10%
Complaint record no complaint history on file 5.0 / 10 × 5%
Weighted total 5.05
Data completeness 3 of 5 facts verified 60%  ×0.80
Trust Score 4.0 / 10

Trust Score history

NAGA currently scores 4.0/10. The trend line will build here as the Trust Score is re-evaluated over time.

Pros

  • No unresolved complaints on record
  • Listed in our verified broker directory

Cons

  • Reports itself as regulated, but we hold no licence record to verify it
  • Trading conditions and fees not publicly disclosed
  • Always verify the licence directly before depositing

Regulation

0 licences

No regulatory licence on record for NAGA. Treat with caution and verify before depositing.

Trading conditions

Self-reported
Instruments4, 000+, forex, cryptos, shares, indices
Minimum depositNot disclosed
Maximum leverageNot disclosed
Typical spreadNot disclosed
PlatformsWebTrader
Demo accountNot disclosed

We mark unverified fields as “Not disclosed” rather than estimate them.

Our verdict on NAGA

Editorial · updated 22 Aug 2026
Our analysis · editorial 4.0/10

A mixed risk profile

NAGA does not hold a verified regulatory licence on record. Based in Germany, 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 4.0/10 — a mixed profile.

Strengths
  • Long 30-year operating track record
  • No complaints on record with us
  • Supports WebTrader trading
Watch-outs
  • No verified regulatory licence on record — funds may lack protection
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

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NAGA — Questions & Answers

0 questions

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Complaints & alerts

0 on record
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
Germany
License status
Regulated
Licences held
Investment Advisory License, Exchange License, New License
Instruments
4, 000+, forex, cryptos, shares, indices
Year founded
1996

Frequently asked

Is NAGA a safe broker?
NAGA scores 4.0 / 10 on our Trust Score, below the 5.3 average for brokers that hold a verified licence. It has no verified tier-1 licence, raising risk. It has no complaints on record with us, though that is not proof of good conduct. 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 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.