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Revolut Trading vs NAGA: 2023 Comparison

Franklin Carneiro da Silva| Updated: February 27, 2023

Are you confused about whether to choose Revolut Trading vs NAGA as a broker for your investing needs?

In this side-by-side comparison, we analyse Revolut Trading 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!

Ideal for
European beginner investors looking for quick exposure to US stocks

Revolut was created to disrupt the banking industry by reducing and removing fees associated with the traditional banking system.

It also offers other financial services, namely the possibility of buying US stocks, cryptocurrencies, and precious metals (Gold and Silver).

The quick access to investment products, combined with low commissions, remains the most engaging differential that enables Revolut to stand out from its competitors.

Revolut Trading vs NAGA: 2023 Comparison 2
Visit NAGAAsset 3

87.36% of retail CFD accounts lose money.

Ideal for
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

Pros

  • Simple trading platform
  • Easy account opening process
  • At least, one free trade per month
  • Low trading commissions
  • No inactivity fee

Cons

  • Low product offering (ETFs and other financial products are missing)
  • Investments not covered by the Financial Services Compensation Scheme
  • Annual custody fee of 0.12%

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”
Revolut Trading vs NAGA: 2023 Comparison 3
Revolut Trading vs NAGA: 2023 Comparison 4
  •  
  • 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)
  • Revolut TradingAsset 3
  • General Information
  • Founded in2019
  • Demo Account
  • Account Minimum€/£1
  • Interest on unninvested cash (annually)Revolut US: Up to 4.25% in USD; Revolut International: 0%
  • Products
  • Stocks
  • ETFs*Only for accounts under Revolut Securities Europe UAB.
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocksOne free trade per month**Afterwards, it varies according to your country of residency.
  • EU stocksNot Applicable
  • ETFsNot Applicable
  • Cryptocurrencies1.99% or EUR 0.99, whichever is higher
  • Custody Fee0.12% annually
  • Inactivity Fee€/£0
  • Withdrawal Fee€/£0
  • Connectivity Fee€/£0
  • Currency Conversion Fee0% up to €/£1,000 per month**0.40% above the €/£1,000 of free allowance.
  • Security
  • RegulatorsSEC, FCA and FINRA.
  • Investor Compensation Scheme(per person, per institution)

    Doesn’t apply. More about it in “Revolut Safety and Regulation“.

  • NAGAAsset 3

    87.36% of retail CFD accounts lose money.

  • General Information
  • Founded in2015
  • Demo Account
  • Account Minimum$250
  • Interest on unninvested cash (annually)0%
  • Products
  • Stocks*Only in Naga Europe.
  • ETFs*Only in Naga Europe.
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Stocks, Indices, Cryptocurrencies, Commodities, and Futures.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks0.10% of the total traded amount**Min. $6 (only in NAGA Europe).
  • EU stocks0.10% of the total traded amount**Min. €8 (only in NAGA Europe).
  • ETFs0.10% of the total traded amount.
  • CryptocurrenciesNot Applicable**It charges a variable spread on crypto CFDs.
  • Custody Fee€0
  • Inactivity Fee€0
  • Withdrawal Fee$5**On bank transfers ($10 with other methods).
  • Connectivity Fee€0
  • Currency Conversion Fee0%
  • Security
  • RegulatorsCySEC
  • Investor Compensation Scheme(per person, per institution)

    Up to €20,000.

Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

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.

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