City Index vs NAGA
By Akash · Facts re-checked (UTC)
Here is how City Index and NAGA compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| City Index | NAGA | |
|---|---|---|
| Regulators | FCA | CySEC |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | $50 by card |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | 0.6 pips on EUR/USD |
| Commission | None on MT4 except shares | – |
| Max leverage | – | 1:30 on major forex pairs for retail clients (NAGA Markets Europe Ltd, CySEC) |
| Platforms | City Index Web Trader (TradingView charts), MetaTrader 4, TradingView | NAGA web app, NAGA mobile app, MetaTrader 4, MetaTrader 5 |
| Retail accounts losing money | 68% | 77.41% |
Full reviews: City Index review · NAGA review
Frequently asked questions
What is the minimum deposit at City Index and NAGA?
City Index: £100 minimum initial deposit for MT4 / new cards (UK). NAGA: $50 by card.
Are City Index and NAGA regulated?
City Index: FCA. NAGA: CySEC.
Which has tighter spreads, City Index or NAGA?
Published spreads start from 0.5 pts on MT4; 0.8 pts on standard platform (UK) at City Index and 0.6 pips on EUR/USD at NAGA; commission: City Index None on MT4 except shares, 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