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BlackBull Markets vs NAGA

By · Facts re-checked (UTC)

Here is how BlackBull Markets and NAGA compare on regulation, costs and platforms. See the table for regulators, costs and platforms.

BlackBull MarketsNAGA
RegulatorsFSA (Seychelles), FMA (NZ) / FSPRCySEC
Minimum depositNo minimum deposit (funding method minimums may apply)$50 by card
Spreads from0.0 pips (ECN Prime); 0.8 pips (ECN Standard)0.6 pips on EUR/USD
CommissionECN Prime: US$3 per lot per side; ECN Standard: $0–
Max leverage1:500 on forex and metals (BBG Limited)1:30 on major forex pairs for retail clients (NAGA Markets Europe Ltd, CySEC)
PlatformsMetaTrader 4, MetaTrader 5, cTrader, TradingView, BlackBull CopyTraderNAGA web app, NAGA mobile app, MetaTrader 4, MetaTrader 5
Retail accounts losing money–77.41%

Full reviews: BlackBull Markets review · NAGA review

Frequently asked questions

What is the minimum deposit at BlackBull Markets and NAGA?

BlackBull Markets: No minimum deposit (funding method minimums may apply). NAGA: $50 by card.

Are BlackBull Markets and NAGA regulated?

BlackBull Markets: FSA (Seychelles), FMA (NZ) / FSPR. NAGA: CySEC.

Which has tighter spreads, BlackBull Markets or NAGA?

Published spreads start from 0.0 pips (ECN Prime); 0.8 pips (ECN Standard) at BlackBull Markets and 0.6 pips on EUR/USD at NAGA; commission: BlackBull Markets ECN Prime: US$3 per lot per side; ECN Standard: $0, NAGA none listed.

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 more

BlackBull Markets vs NAGA 2026: Fees & Withdrawals | The Forex Bridge