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341 firms on file · 202 identified entity records 73 carry a published regulator notice

Caution

RECORD BW-4084LICENSED — WITH A STRUCTURAL CAVEAT

NAGA

One legal entity is on file for this firm, in CY. The strongest supervision on file is Tier 2.

Caution means: The group holds a licence we could verify, but the record shows a caveat you have to read: an offshore entity in the same structure, a registration that is not a financial licence, or leverage well above tier-1 retail caps.

LAST CHECKED
2026-10
ENTITIES
1
JURISDICTIONS
1
BEST TIER
T2
CONFIDENCE
MEDIUM
REGISTER SYNC
2026-11-05

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 entityAuthority / registryNumberJurisdictionTierWhat it isSource
entity not examinedCyprus Securities and Exchange Commission204/13CYT2Financial licencecysec.gov.cyhttps://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37704/

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.

  1. F01NAGA states on its own site that it is publicly listed on the Frankfurt Stock Exchange.
  2. F02CySEC published a decision recording a €150,000 settlement with NAGA Markets Europe Ltd (https://www.cysec.gov.cy/en-GB/public-info/decisions/95953/).
  3. F03NAGA's core product is social/copy trading, with public leaderboards of traders that other users can copy.
  4. F04NAGA Capital Ltd's client agreement lists a long set of restricted countries, including Australia, Canada, Japan and all EU member states.
  5. F05NAGA: spread as advertised by the firm, 2026-10 (https://naga.com/en/trading/hours-and-fees)
  6. F06NAGA: deposit as advertised by the firm, 2026-10 (https://naga.com/en/vip-user-levels)
  7. F07NAGA: software as advertised by the firm, 2026-10 (https://naga.com/en/investing/platforms/metatrader)
  8. F08NAGA: leverage as advertised by the firm, 2026-10 (https://naga.com/en)

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 2026-10.

  • not verifiedhq
  • not verifiedsegregatedFunds
  • not verifiednegativeBalanceProtection
  • not verifiedticker and exchange segment of the Frankfurt listing
  • not verifieddate of the CySEC settlement decision
  • 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
10 USD (as advertised by NAGA, 2026-10 · source)
Leverage offered
1:1000 (Financial Services Authority (Seychelles)) (as advertised by NAGA, 2026-10 · source)
Quoted EUR/USD spread
0.9 pips (as advertised by NAGA, 2026-10 · source)
Trading systems
MetaTrader 4 · MetaTrader 5 · Proprietary web platform
Account tiers
NAGA account (VIP levels Iron-Crystal)
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

Sources supplied with the current register rows; their dates describe the recorded checks.

PublisherDocumentRETRIEVED
Cyprus Securities and Exchange Commissionentity not examined — CYhttps://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37704/2026-10