Are you confused about whether to choose Plus500 vs NAGA as a broker for your investing needs?
In this side-by-side comparison, we analyse Plus500 vs NAGA to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Plus500 vs NAGA: In a Nutshell
Commission-free CFDs trading and low spreads
Plus500 is an online broker offering a wide range of financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies.
There are two distinct account types: Plus500 CFD, which only focuses on CFD products; Plus500 Invest, where you can trade stocks (real shares).
The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and easy access from multiple devices.
Social trading only
NAGA is a German fintech created to give you easy access to the investment world. Their motto is simple: “financial inclusion for everyone”.
It offers social trading, a multi-currency account, a demo account, and several ways to deposit and withdraw your money.
On the downside, their ETF offering is not clear (real ETFs are mixed with CFDs on ETFs), and it doesn’t offer commission-free real stock trading.
Pros and Cons
Plus500
Pros
- Easy-to-use and responsive platform
- Low spreads
- No dealing commissions
- Demo Account
- Top-tier regulators
Cons
- No ETF offering
- Inactivity fee ($10 per month after no login activity in 3 months)
- High overnight funding fees
- Very little research and education provided
NAGA
Pros
- Social trading feature (Automatically copy or follow other people’s trade)
- Wide range of financial products
- Multi-currency accounts: USD, EUR, GBP, PLN, UST, and NGC (NAGA coin)
- No currency conversion fee
- Modern and user-friendly Web and Mobile interfaces
- NAGA Mastercard
- NAGA Group AG is publicly listed company (ISIN: DE000A161NR7)
- Demo account
Cons
- No commission-free stock trading
- The “top-performing traders” may be disguised as “temporarily lucky”
- Offers primarily CFDs, which are high-risk instruments with no asset ownership
- Up to $5 in withdrawal fees
- No clear distinction between real ETFs and CFD ETFs
- Poor distinction between “NAGA Markets Europe Ltd” And “NAGA Global Ltd”
Plus500 vs NAGA: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
