Plus500 vs NAGA | Broker Comparison
Review Updated: 2022-05-09
So you are looking to compare forex brokers, no doubt you are looking for a forex broker comparison which will help you find who has the best forex spreads and forex leverage. We can help! We have done extensive research of the major forex brokers to bring you a set of results with customisable comparisons between brokers. Use our tool below to make a quick comparison between two forex brokers to see who has what rates and fees. Over on the right of the screen, you will see two drop-down fields. Select the brokers you want to compare. See our full list of broker comparisons here.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros
- Heavily regulated in 11 jurisdictions, including FCA, ASIC and CySEC
- Good transparency on fees, better than average on costs
- Proprietary WebTrader platform and app have won many awards, user-friendly
- More than 2,000 popular asset choices on CFD platform
Cons
- Research and education materials could be more comprehensive
- Customer service has no telephone access
- No MT4 or MT5 trading platform products offered
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
Pros
- Major focus on social and copy trading with community of one million clients
- More than 1,000 tradable asset choices
- Professional trading tools and multiple funding methods
- BaFin/CySEC regulatory oversight of German-based firm on Frankfurt Stock Exchange
Cons
- Spreads and fees could be more competitive at basic retail levels
- Withdrawal fee of $5 with complicated process
- Does not offer service to residents of UK (terminated December 2021), US or Canada
Minimum deposit:
100 units of USD, EUR, GBP
250 EUR, GBP, USD
Withdrawal fee amount:
None
5 EUR, GBP, USD
Inactivity fee charged (Y/N):
Y
N
Max leverage:
1:30
1:30 or 1:1000
Spread from:
Varies
1.3 pips
Number of instruments:
2,000+
950+
Time to open account:
1-2 business days
1 business day
Demo account provided (Y/N):
Y
Y
Countries of regulation:
UK, Cyprus, Australia, New Zealand, South Africa, Seychelles, Estonia, Singapore, Israel, US, Japan
Germany, Cyprus
Products offered:
CFDs in forex, indices, shares, commodities, options, ETFs, and cryptocurrencies in limited jurisdictions, stocks on Plus500Invest (available in certain countries)
Forex and CFDs – Stocks, Cryptos, Indices, ETFs, Commodities, Futures – along with a dedicated copy-trading platform
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