The social investing platform NAGA was founded in 2014, aiming to provide easier methods of investing that placed community engagement at the center of trading.
Since then, NAGA has grown into a thriving community, with over one million active users.
Naga CopyTrading – While best known for its Autotrader feature, which takes community engagement to the next level, NAGA also boasts low fees and a range of useful tools for financial investors.
In this article, we’ll be breaking down how to use the NAGA platform, looking at its best features as well as how to make an account, deposit, and withdraw money.
What Services does NAGA offer?
As a social trading platform, NAGA has several features that make trading on this platform as easy as possible. With both beginner and expert traders in mind as they developed the NAGA ecosystem, this application provides several different ways of trading.
Three features set this platform out as one to watch, each either pushing community engagement further or streamlining the process of investing for their users. These features are:
- Social Trading and Autocopy
- Multi-Function Wallet
- NAGA Neo-Bank
Let’s break these down further.
Social Trading and Autocopy
Perhaps the most renowned aspect of the NAGA platform is its excellent selection of autocopy features that users can take advantage of. This is a two-way system that benefits both copiers and principal traders, further incentivizing use.
A beginner trader will be able to pay €1 to copy a set of trades placed by an expert trader. This removes their barrier to entry, allowing anyone to invest in the markets without needing a detailed level of knowledge about how financial trading works.
Once a user places an autocopy order, 35% of their €1 fee is then distributed to the trader that they followed. With this social form of trading, professional traders are flocking to the platform as they can earn up to $100,000 a month from these trading copy streams.
Naga CopyTrading: When copying a trader, any trade that is placed by a trader will instantly be executed on your account, without any delay or time slippage.
Not only does this get you the very best rate possible, but it also automizes the process for you, making trading stocks a breeze.
NAGA has also built-in a range of flexible tools for social trading, allowing users to select a percentage that they would like to copy. For example, a user could copy 20% of the capital put down on a trade if they don’t want to put in the same amount of money as the trader they’re following.
The combination of these flexible tools and symbiotic copy trade system has created an engaged community, all helping each other trade through NAGA.
Open now your your NAGA CopyTrading Account.
NAGA keeps both its broker and crypto trading systems within one wallet and one KYC. Due to this, you’ll be able to use the mobile app to trade on the crypto exchange, selecting your favorite pairs and trading with the same capital you’re using to invest in the stock exchange.
By collecting everything into one location, NAGA takes on a new level of functionality. Instead of application siloing where a financial user would need a range of different apps to perform various functions, NAGA condenses everything into one application.
Additionally, if you’re a beginner trader, you’ll be able to click on the in-built messenger tab, getting advice on your trades from an expert.
Within NAGA, you’re also able to integrate banking into the platform. Instead of having to use a third-party bank, you’ll be able to apply for a NAGA debit card.
This card connects directly to your NAGA wallet, allowing you to make payments in the world and let your investments cover the cost.
This proprietary mobile banking system allows you to keep all of your finances in one place, the NAGA ecosystem covering everything from investing to daily payments and debit cards.
NAGA fees and limits
NAGA offers full transparency, clearly outlining their fees on their site. Fees change based on which assets you’re investing in, as well as the features you’re using to invest.
For example, NAGA allows a user to perform a copy trade for €0.99, while trading an ETF will require 0.20% on the notional value.
Some trades, like copy trades, also come with a 5% margin that goes to NAGA for all trade profits that break the €10.00 lower limit.
That said, on cryptocurrency, part of NAGA’s main market, there are 0% fees associated.
NAGA offers low fees on the majority of their assets, making them a great platform if you’re looking to make your investments go as far as possible without paying lots of hidden fees.
If you’re not big on math, NAGA also provides an ‘All-In-One’ calculator where you can put in information about your desired trade and get an exact free breakdown generated in seconds.
What can you trade on NAGA?
One of the main selling points of the NAGA platform is the diverse stock, forex, crypto, indices, ETF, and commodity futures that they offer to their users.
Instead of being limited by geography and only being able to invest in national stocks, NAGA opens up trading for everyone. With over 1,500 tradable assets, there is sure to be something that catches your eye.
Currently, NAGA offers stocks in a range of territories, allowing you to invest in an international selection of markets. Within the NAGA platform, you can invest in these markets:
- USA stocks
- Germany stocks
- Netherland stocks
- Spain stocks
- France stocks
- Italy stocks
- Hong Kong stocks
Additionally, the vast range of cryptocurrencies that NAGA offers further demonstrates the potential of this platform. You’ll be able to trade everything from crypto giants like bitcoin and ethereum to smaller altcoins that take your fancy.
Even commodities like coffee, corn, soybean, and wheat are included on the platform. NAGA really does offer a little bit of everything when it comes to financial trading.
As NAGA is a social trading platform at its core, the ‘Favorites’ tab also shows which stocks, cryptos, and commodities are currently being mass-traded by NAGA users. If you’re fairly new to trading, this tab is a good place to start to see which picks are currently trending with more proficient traders.
How to make an account on NAGA
Creating an account on NAGA only takes a few moments, letting you get stuck into trading as soon as possible.
First of all, navigate to the NAGA Sign Up page and enter your country of residence. From there, you’ll be prompted to sign up with your mobile number, entering your full number and country code. After you receive a verification text, you’ll then be able to create your profile.
You’ll just need to enter information like your name, desired username, email address, and the password you want to assign to your account. From there, you’re ready to trade!
Open your Account right now.
How to Deposit into NAGA
Once you’ve created an account on NAGA, you’ll be able to then create a live trading wallet in whichever currency you’d prefer. To do this, click on your username in the top right of the screen, then on ‘Trading Accounts’.
You’ll then be able to upgrade your account, enter in your personal details, tax information (if you’re a US citizen), KYC documents, and fund your account with real money.
Once that process of information-filling is done, you’ll be able to navigate to the Trading Accounts section to begin your trading journey.
Within this section, you’ll be able to add a live account. If you’ve just signed up, you’ll find a Demo account here in USD. If you haven’t done much trading in the past, you can use these virtual funds to practice trading with a value of up to 10,000 dollars. Not only can you give different strategies a go, but you’ll also be able to copy trades of professional traders with this virtual currency.
If you’re looking to trade a particular currency on the NAGA ecosystem, this is where you can select the account currency for the new account you’re creating. You’ll just need to click on a stock, cryptocurrency, or forex pair to then invest or short the currency.
If you want to directly deposit funds, you can also navigate to the ‘Manage Funds’ Tab. Within this page, there is a range of different deposit methods, allowing you to use a card, pay retailers, or deposit cryptocurrency directly into the platform.
With a maximum processing time of 10 minutes, NAGA makes it incredibly easy to get started with their platform.
How to Withdraw from NAGA
Within the same ‘Manage Funds’ tab, where you can find direct deposit options, you’ll also be able to withdraw funds from the NAGA platform. This is incredibly easy to do, as a user only needs to select Credit Card or Bank Account, type in the amount they want to take out, and hit the ‘Withdraw’ button.
For any amount under $1,000, these transfers will happen instantly. Any figure above this amount will go through a manual review by the NAGA team to make sure everything is in order, taking up to 24 hours.
The ‘Transfer History’ tab will let you stay on top of all of your deposit and withdrawal transactions, with this screen showing every transaction made on your account to date.
Final Thoughts on Trading with NAGA
With an intuitive platform, a large range of useful trading features, 1,500+ tradable assets, and low fees for its users, NAGA is a great platform for those looking for an all-in-one financial platform.
Take a look – and join now.
Especially considering NAGA’s commitment to community, this platform is perfect for those just getting started in the world of trading.