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HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Not independently verified
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

NAGA

Broker · International

About the company

Legal company nameNAGA Capital Ltd · NAGA Markets Europe LTD · JME Financial Services (Pty) Ltd · Key Way Markets Ltd
Year founded2015
Headquarters / registered countryHamburg, Germany
Websitenaga.com
Last checked08.10.2026

According to its official website, NAGA is the trading brand of The NAGA Group AG, founded in 2015, headquartered in Hamburg and listed on the Frankfurt Stock Exchange. NAGA Capital Ltd, which serves international clients through naga.com/en, states that it is authorised and regulated by the Seychelles Financial Services Authority (SD026); Turkey is not on this entity's list of prohibited countries. EEA clients are served by NAGA Markets Europe LTD in Limassol under a CySEC licence (204/13), South African clients by JME Financial Services (Pty) Ltd under an FSCA licence (37166) and Abu Dhabi clients by Key Way Markets Ltd under an ADGM FSRA licence (190005). The company offers forex, index, commodity, share, crypto, ETF and futures CFDs, real share and ETF investing and copy trading (Autocopy) through its web and mobile apps, MetaTrader 5 and TradingView charts; accounts are grouped into VIP levels from Iron to Crystal based on deposits. The minimum first deposit is 10 USD at the international entity and 50 USD in the EU; leverage is up to 1:1000 at the international entity and up to 1:30 for retail clients in the EU. This information is the company's own statement.

Account Details

ACCOUNT TYPESSingle account · VIP levels (Iron, Bronze, Silver, Gold, Diamond, Crystal) · Swap-free option · Corporate and joint account · Demo
MIN. DEPOSIT10 USD (EU: 50 USD)
PLATFORMSNAGA web app · NAGA mobile app · MetaTrader 5 · TradingView charts
PRODUCTSForex · Index, commodity, share, crypto, ETF and futures CFDs · Real shares and ETFs · Copy trading
LEVERAGEUp to 1:1000

Licences and regulation

CySEC (Republic of Cyprus)

Licence no.204/13
Licence holderNAGA Markets Europe LTD
ScopeCIF licence held since 20 Jun 2013 (CySEC list).
StatusVerified

FSCA (South Africa)

Licence no.FSP 37166
Licence holderJME Financial Services (Pty) Ltd
ScopeListed in the FSCA register as an authorised financial services provider under JME FINANCIAL SERVICES (PTY) LTD; the trade name in the register is ZA.CAPEX.COM, not NAGA.
StatusVerified

FSA (Seychelles)

Licence no.SD026
Licence holderNAGA Capital Ltd
ScopeThe company states that NAGA Capital Ltd is authorised and regulated by the Seychelles Financial Services Authority (SD026). The record could not be verified because the Seychelles FSA register could not be read.
StatusPending verification

FSRA (Abu Dhabi)

Licence no.190005
Licence holderKey Way Markets Ltd
ScopeThe company states that Key Way Markets Ltd is authorised and regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (190005). The record could not be verified because the ADGM FSRA register could not be read.
StatusPending verification

User complaints

User reports found online are classified by topic. The charts show how reports are distributed.

Period reviewed: December 2020 – October 2026

  • Withdrawal / payment: 74
  • Account / trading conditions: 52
  • Other: 24
  • Bonus / promotion: 17
  • Customer support: 11
  • Identity verification: 7

SOURCES REVIEWED

The complaint distribution is based on the latest 1-star reviews on NAGA's Trustpilot page (170) and WikiFX (15) records as of 8 October 2026; one person's reviews count once, and records about fake sites and third parties using the NAGA name are left out. Across the complaints, allegations that withdrawals were rejected or delayed, allegations that account managers steered clients into losing trades and bonus volume requirements stand out.

Sources and verification history

Official company sourcesnaga.com — /en homepage and Platforms, /eu, footer · nagacapital.zendesk.com — minimum deposit, regulation, prohibited countries, account levels
Regulator recordsCySEC — NAGA Markets Europe Ltd, licence 204/13 (cysec.gov.cy) · FSCA — JME Financial Services (Pty) Ltd, FSP 37166, trade name ZA.CAPEX.COM (fsca.co.za)
Company registerCompany registry information not stated on the site
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

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