NAGA
2 legal entities are on file for this firm, across 2 jurisdictions. The strongest supervision on file is Tier 2.
Caution — watch list means: Every entity we could locate for this firm sits offshore or is a company registration rather than a financial licence. No regulator has published anything about the firm; this is the register flagging the absence of tier-1 supervision, not an allegation.
No live tier-1 licence on file. Supervision listed: CySEC, FSA Seychelles.
A group can hold a tier-1 licence and still onboard you through an offshore entity in the same structure. The licence protects clients of the entity that holds it — not every client of the brand. Check which company name appears on your own client agreement, then look that company up in the table below.
Entity-by-entity licence record
One row per legal entity in this firm's structure. Numbers are reproduced exactly as published; every row links to the source we read them from.
| Legal entity | Authority / registry | Number | Jurisdiction | Tier | What it is | Source |
|---|---|---|---|---|---|---|
| NAGA Markets Europe Ltd | CySEC | 204/13 | Cyprus | T2 | Financial licence | cysec.gov.cyhttps://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37704/ |
| NAGA Capital Ltd | FSA Seychelles | SD026 | Seychelles | T3 | Financial licence | naga.comhttps://naga.com/en/documents/client_agreement |
Scroll the register sideways — the entity column stays pinned.
Paste any number above into the named authority's own search. If a number a firm advertises does not return that firm on the authority's register, treat the claim as unverified.
What the record says
Statements of fact drawn from the entities above. Each one is checkable against a source URL in the licence table.
- F01NAGA states on its own site that it is publicly listed on the Frankfurt Stock Exchange.
- F02The EU entity, NAGA Markets Europe Ltd, is authorised and regulated by CySEC under licence 204/13.
- F03The non-EU entity, NAGA Capital Ltd, states it is authorised and regulated by the Seychelles Financial Services Authority under licence SD026.
- F04CySEC published a decision recording a €150,000 settlement with NAGA Markets Europe Ltd (https://www.cysec.gov.cy/en-GB/public-info/decisions/95953/).
- F05NAGA's core product is social/copy trading, with public leaderboards of traders that other users can copy.
- F06NAGA Capital Ltd's client agreement lists a long set of restricted countries, including Australia, Canada, Japan and all EU member states.
Not verified at last check
Recorded openly rather than filled with a plausible guess. A blank on this register means we could not confirm it on 2026-09-15.
- not verifiedfounded
- not verifiedhq
- not verifiedminDeposit
- not verifiedspreadEurusd
- not verifiedsegregatedFunds
- not verifiednegativeBalanceProtection
- not verifiedticker and exchange segment of the Frankfurt listing
- not verifieddate of the CySEC settlement decision
- not verifiedheadquarters
- not verifiednegative balance protection
Account conditions on file
As published by the firm. Blank fields were not confirmed.
| Incorporated | not verified |
|---|---|
| Registered office | not verified |
| Minimum deposit | not verified |
| Leverage offered | 1:30 (CySEC retail); higher leverage on the Seychelles entity |
| Quoted EUR/USD spread | not verified |
| Trading systems | NAGA web platform · NAGA iOS · NAGA Android · MetaTrader |
| Account tiers | VIP user levels (tiered) |
Leverage above a tier-1 retail cap is normally only available through an offshore entity. If the figure above is far above 1:30, check which entity is offering it in the licence table.
Sources
Every URL below was read before this record was published.
- CySECNAGA Markets Europe Ltd — Cyprushttps://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37704/RETRIEVED 2026-09-15
- FSA SeychellesNAGA Capital Ltd — Seychelleshttps://naga.com/en/documents/client_agreementRETRIEVED 2026-09-15