NAGA vs Saxo
By Akash · Facts re-checked (UTC)
Here is how NAGA and Saxo compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| NAGA | Saxo | |
|---|---|---|
| Regulators | CySEC | Danish FSA, FCA |
| Minimum deposit | $50 by card | No minimum deposit (individual account) |
| Spreads from | 0.6 pips on EUR/USD | 1 pip EUR/USD minimum (global page; varies by country) |
| Commission | – | USD 3 fixed commission on FX trades under 50,000 units |
| Max leverage | 1:30 on major forex pairs for retail clients (NAGA Markets Europe Ltd, CySEC) | – |
| Platforms | NAGA web app, NAGA mobile app, MetaTrader 4, MetaTrader 5 | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Retail accounts losing money | 77.41% | 66% |
Full reviews: NAGA review · Saxo review
Frequently asked questions
What is the minimum deposit at NAGA and Saxo?
NAGA: $50 by card. Saxo: No minimum deposit (individual account).
Are NAGA and Saxo regulated?
NAGA: CySEC. Saxo: Danish FSA, FCA.
Which has tighter spreads, NAGA or Saxo?
Published spreads start from 0.6 pips on EUR/USD at NAGA and 1 pip EUR/USD minimum (global page; varies by country) at Saxo; commission: NAGA none listed, Saxo USD 3 fixed commission on FX trades under 50,000 units.
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