NAGA vs Spreadex | We Compare Brokers
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NAGA vs Spreadex | 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.

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

 

 

spreadex broker logo
4
Rating

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can result in losses larger than your initial stake or deposit.

Pros
  • Low fee/cost provider
  • Responsive customer service
  • A proprietary web-based platform is easy to use
  • Top-Tier regulation from the FCA
Cons
  • No MetaTrader platform products
  • No traditional trading in stocks, only CFDs
  • Only Professional clients can trade cryptocurrencies
  • Minimum support for beginners
Feature
NAGA
Spreadex
Minimum deposit:
250 EUR, GBP, USD
None
Withdrawal fee amount:
5 EUR, GBP, USD
None
Inactivity fee charged (Y/N):
N
N
Max leverage:
1:30 or 1:1000
30:1
Spread from:
1.3 pips
0.4 pips
Number of instruments:
950+
10,000+
Year founded:
2015
1999
Time to open account:
1 business day
1 business day
Demo account provided (Y/N):
Y
N
Countries of regulation:
Germany, Cyprus
United Kingdom
Products offered:
Forex and CFDs – Stocks, Cryptos, Indices, ETFs, Commodities, Futures – along with a dedicated copy-trading platform
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