NAGA Review 2026
Full NAGA review for Latvia traders — regulation, spreads, fees and our honest verdict.
Regulation in Latvia
| Regulator | CySEC CySEC — Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 204/13 |
| Regulated Entity | NAGA Markets Europe Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $250 |
| EUR/USD Spread | From 0.7 pips |
| Instruments | 950+ |
| Platforms | NAGA Platform, MT4, MT5 |
| Copy Trading | ✓ |
| Real Stocks | ✓ |
| Inactivity fee | Inactivity fee: EUR10/month after 3 months |
Verdict
Regulated by CySEC (licence 204/13). Minimum deposit $250. In Latvia: maximum forex leverage 1:30.
About NAGA
NAGA was founded in 2015 and is headquartered in Hamburg, Germany. The broker offers 950 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. NAGA is publicly listed on the XETRA:N4G. It is regulated across multiple jurisdictions with a primary licence held by NAGA Markets Europe Ltd under CySEC.
In Latvia, NAGA operates as NAGA Markets Europe Ltd, authorised by CySEC under licence number 204/13. Latvia traders are subject to a maximum leverage of 1:30 on forex pairs under CySEC rules.
Trading Platforms
Pros
- CySEC regulated — licence 204/13
- 950+ instruments to trade
- Negative balance protection in Latvia
- Platforms: NAGA Platform, MT4, MT5
- Copy trading available
- Real stock ownership (not CFD)
Cons
- Inactivity fee: EUR10/month after 3 months
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
Frequently Asked Questions
Is NAGA regulated?
NAGA holds CySEC licence 204/13, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official CySEC public register.
What is the minimum deposit for NAGA in Latvia?
The minimum deposit is $250. This is the amount required to open a live trading account for traders in Latvia under CySEC regulation.
What leverage does NAGA offer in Latvia?
In Latvia, NAGA offers maximum forex leverage of 1:30 under CySEC rules. Higher leverage may be available through offshore-regulated entities.
Is NAGA safe to trade with?
NAGA is regulated by CySEC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
Reader Comments
Loading comments...