NAGA Journal

Journal status: live
NAGA joined in | not yet
NAGA Profile
Website
Year
2015
Country
SVG
Branches
3
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
FRA:N4G, XTRA:N4G
Restricted countries
Not serving
х Canada, Cuba, Iran, Iraq, North Korea, Syria, US
Broker type
MM
Dealing book
A+B hybrid book
Tier
3
Execution speed
80 ms
LPs total
4
LPs quality
MTFs, Non-banks, Other
LPs names
Broctagon Prime, LMAX, TradeTech Alpha, XTB

NAGA Accounts
MM
Minimum Deposit
250 $
Leverage
1000 : 1
Minimum Lot
...
EURUSD spread
2.5 pips
Commission
0 $/lotRT
Volume
...
Margin Call
100 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Update broker

Is NAGA safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: FRA:N4G, XTRA:N4G
  • Segregated account: no
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: yes

Is NAGA trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • NAGA website: semi-detailed, updated ★★★
  • NAGA popularity (by visitor count): top visited ★★★★★

How NAGA works

NAGA acts as the counterparty to every transaction. As NAGA may act as the buyer when the client sells and the seller when the client buys, NAGA’s interests may be in conflict with its clients. NAGA may rely on various third party sources to determine the prices and spreads at which it offers to trade with its clients and/or as a hedging counterparty to selectively hedge some client orders. NAGA may also make its own price and may also act as the market maker for its client orders. While NAGA may hedge some client orders, other client orders may not be hedged, and NAGA may take the risk of holding the position opposite the client.

https://files.naga.com/order-execution-policy-sep-2019.pdf

20.2.The Client is not allowed to enter into any form of prohibited trading i.e. certain trading techniques commonly known as "arbitrage trading", "picking/ sniping" or the use of certain automated trading systems or “Expert Advisors”; and/or follow an abusive trading strategy i.e. any trading activity which is aiming towards potential riskless profit by opening opposite orders, during periods of volatile market conditions, during news announcements, on opening gaps (trading sessions starts), or on possible gaps where the underlying instrument has been suspended or restricted on a particular market, between same or different trading accounts.

https://files.naga.com/Client-Agreement-NG-Sep-2020.pdf

Add new comment