Alpari vs NAGA 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
NAGA has the higher TFB Score (79/100 vs 61/100).
Alpari, founded in 1998, is a trading name of Parlance Trading Ltd, licensed by the Mwali International Services Authority (an offshore regulator), offering Micro, Standard, ECN and Pro ECN accounts on MetaTrader 4, MetaTrader 5 and the Alpari app.
NAGA is the trading brand of The NAGA Group AG (Hamburg, founded 2015); EU clients trade CFDs through NAGA Markets Europe Ltd (CySEC 204/13) on the NAGA web and mobile apps and MetaTrader 5, with VIP tiers from Iron to Crystal.
77.41% of retail CFD accounts lose money with this provider.
Side by side
| Item | Alpari | NAGA |
|---|---|---|
| TFB Score | 61/100 | 79/100▲ |
| Regulation & safety | 7/35Strongest licence MISA (tier 3) | 28/35▲1 tier-1 regulator (CySEC), investor compensation |
| Fees & costs | 22/25All-in cost from 0.00 pips, no commission | 22/25All-in cost from 0.60 pips, no commission |
| Deposits & withdrawals | 16/20Minimum deposit $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN), 5 deposit methods, 5 withdrawal methods | 16/20Minimum deposit $50 (cards, Neteller, Skrill), 6 deposit methods |
| Platforms & trading | 16/20▲MT4, MT5; leverage up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 13/20MT5; leverage up to 1:30 on major forex pairs for retail clients (NAGA Markets Europe Ltd, CySEC) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | MISA | CySEC, FSCA, ADGM FSRA, FSA Seychelles |
| Minimum deposit | $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN) | $50 (cards, Neteller, Skrill) |
| Spreads from | 0.0 pips (Pro ECN); 0.8 pips (ECN); 1.2 pips (Standard; Micro from 1.5 pips) | 0.6 pips on EUR/USD |
| Commission | None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded | 2.50 per side on CFD stocks (the cost document lists no commission on forex CFDs) |
| Max leverage | Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 1:30 on major forex pairs for retail clients (NAGA Markets Europe Ltd, CySEC) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Debit and credit cards, E-wallets, Local payment methods, Cryptocurrency | Not published |
| Retail accounts losing money | Not published | 77.41% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Alpari review · NAGA review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Alpari or NAGA better?
NAGA has the higher TFB Score (79/100 vs 61/100). The best choice depends on your country, platform and payment method.
Are Alpari and NAGA regulated?
Alpari: MISA. NAGA: CySEC, FSCA, ADGM FSRA, FSA Seychelles. Every licence is linked to the regulator's register on each review.
Which is safer, Alpari or NAGA?
Alpari holds no tier-1 licence; NAGA holds 1 (CySEC). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
What is the minimum deposit at Alpari and NAGA?
Alpari: $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN). NAGA: $50 (cards, Neteller, Skrill). Alpari asks for less to start.
Which has tighter spreads, Alpari or NAGA?
Published spreads start from 0.0 pips (Pro ECN); 0.8 pips (ECN); 1.2 pips (Standard; Micro from 1.5 pips) at Alpari and 0.6 pips on EUR/USD at NAGA; commission: Alpari None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded, NAGA 2.50 per side on CFD stocks (the cost document lists no commission on forex CFDs).
Do Alpari and NAGA offer MetaTrader and TradingView?
Both offer MetaTrader 5. Alpari: MetaTrader 4, MetaTrader 5, Alpari Mobile App. NAGA: Trading Web App, iOS & Android Apps, MetaTrader 5.
What is the maximum leverage at Alpari and NAGA?
Alpari: Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd). NAGA: 1:30 on major forex pairs for retail clients (NAGA Markets Europe Ltd, CySEC). Leverage depends on the company that opens your account and on your country.
More Alpari comparisons
More NAGA comparisons
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning