IC Markets vs NAGA | We Compare Brokers
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IC Markets vs NAGA | Broker Comparison

Review By: Ivan Postoian
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.

4.4
Rating

Trading Derivatives carries a high level of risk to your capital, and you should only trade with money you can afford to lose. 75% of retail investor accounts lose money when trading CFDs with this provider. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

Pros
  • Direct access to raw spreads – low fee pricing overall
  • MetaTrader plus cTrader trading platforms
  • ASIC regulation plus CySEC and FSA in Seychelles and SCB in the Bahamas
  • Fast account opening process
Cons
  • No Negative Balance protection
  • Slow Live Chat service
  • No US citizens accepted

 

3.9
Rating

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

 

 

Feature
IC Markets
NAGA
Minimum deposit:
$200
250 EUR, GBP, USD
Withdrawal fee amount:
None
5 EUR, GBP, USD
Inactivity fee charged (Y/N):
N
N
Max leverage:
1:500
1:30 or 1:1000
Spread from:
0.0 pip (EUR/USD average 0.1 pip)
1.3 pips
Number of instruments:
258
950+
Year founded:
2007
2015
Time to open account:
1-2 business days
1 business day
Demo account provided (Y/N):
Y
Y
Countries of regulation:
Australia, EEA (Cyprus), Seychelles, Bahamas
Germany, Cyprus
Products offered:
Forex pairs with CFDs for Stocks, Indices, Commodities, Bonds, Futures, and Cryptos.
Forex and CFDs – Stocks, Cryptos, Indices, ETFs, Commodities, Futures – along with a dedicated copy-trading platform
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