Interactive Brokers vs NAGA
By Akash · Facts re-checked (UTC)
Here is how Interactive Brokers and NAGA compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| Interactive Brokers | NAGA | |
|---|---|---|
| Regulators | FCA, CBI, ASIC | CySEC |
| Minimum deposit | No account minimum | $50 by card |
| Spreads from | – | 0.6 pips on EUR/USD |
| Commission | 0.08 to 0.20 bps x trade size, tiered by monthly volume; minimum USD 2.00 per order at Tier I | – |
| Max leverage | – | 1:30 on major forex pairs for retail clients (NAGA Markets Europe Ltd, CySEC) |
| Platforms | Trader Workstation (TWS), IBKR Mobile, Client Portal | NAGA web app, NAGA mobile app, MetaTrader 4, MetaTrader 5 |
| Retail accounts losing money | 59.7% | 77.41% |
Full reviews: Interactive Brokers review · NAGA review
Frequently asked questions
What is the minimum deposit at Interactive Brokers and NAGA?
Interactive Brokers: No account minimum. NAGA: $50 by card.
Are Interactive Brokers and NAGA regulated?
Interactive Brokers: FCA, CBI, ASIC. NAGA: CySEC.
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