NAGA
On the desk for one reason: single-entity structure. 2 register lines are on this file, spread across 2 legal entities in 2 jurisdictions, none of them with a top-tier regulator.
On the wire
2 items · 0 noticesRegister lines are confirmed; several commercial figures remain unread and are left blank.
- 01register entry
CySEC entry 204/13 for NAGA Markets Europe Ltd
Source: cysec.gov.cy
- 02register entry
FSA Seychelles entry SD026 for NAGA Capital Ltd
Source: naga.com
Entity by entity
2 lines| Regulator | Jurisdiction | Entity as registered | Number | Tier | Source |
|---|---|---|---|---|---|
| CySEC | Cyprus | NAGA Markets Europe Ltd | 204/13 | T2 | cysec.gov.cy |
| FSA Seychelles | Seychelles | NAGA Capital Ltd | SD026 | T3 | naga.com |
Tier is the desk's shorthand for the supervising regime, not a quality score: T1 a top-tier statutory regulator, T2 a mid-tier one, T3 an offshore registration.
Commercial detail on the record
| Minimum to open | not verified |
|---|---|
| EUR/USD spread as published | not verified |
| Leverage as advertised | 1:30 (CySEC retail); higher leverage on the Seychelles entity |
| Platforms | NAGA web platform · NAGA iOS · NAGA Android · MetaTrader |
| Account books | VIP user levels (tiered) |
What the record says
NAGA states on its own site that it is publicly listed on the Frankfurt Stock Exchange.
The EU entity, NAGA Markets Europe Ltd, is authorised and regulated by CySEC under licence 204/13.
The non-EU entity, NAGA Capital Ltd, states it is authorised and regulated by the Seychelles Financial Services Authority under licence SD026.
CySEC published a decision recording a €150,000 settlement with NAGA Markets Europe Ltd (cysec.gov.cy)
NAGA's core product is social/copy trading, with public leaderboards of traders that other users can copy.
NAGA Capital Ltd's client agreement lists a long set of restricted countries, including Australia, Canada, Japan and all EU member states.
Not verified
10 fieldsThe desk left these blank rather than fill them from secondary sources. They stay on the file as open questions and will be filled the day a primary source carries them.
- founded
- hq
- minDeposit
- spreadEurusd
- segregatedFunds
- negativeBalanceProtection
- ticker and exchange segment of the Frankfurt listing
- date of the CySEC settlement decision
- headquarters
- negative balance protection
Other open files
The whole deskThis file reports what regulators and the firm have published. It is not a review, not a rating and not advice to open or close an account anywhere.