CNMVCyprusTier 1Licence number
204/13
View licence record- Licence holder
- Held by NAGA
- Licence type and regime
- Market Making(MM)
Not checkedUpdated
At a glance
Regulation on record for NAGA
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 2
- Issuing authorities
- 2
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
NAGA has 2 licences on record with Wikilix, issued by 2 authorities across 2 jurisdictions. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for NAGA, strongest authority first.
2 records
- CNMVCyprusTier 1
FSASeychellesTier 3Licence number
SD026
View licence record- Licence holder
- Held by NAGA
- Licence type and regime
- Offshore
Not checkedUpdated
Protection
What this licence protects
CNMV's own rules for the firms it authorises.
- Compensation schemeUp to €20000 (ICF)
- Negative balance protection
- Complaints routeCNMV Investor Service
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by NAGA
Answered from the register entries on this page.
Most Popular Questions
NAGA provides customer support via live chat during business hours and email support at support.sc@naga.com. The broker also maintains social media channels and has contact addresses in Seychelles and Cyprus for client inquiries.
NAGA offers a maximum leverage of up to 200:1 for its clients. This leverage level allows traders to increase their market exposure but also involves higher risk.
According to the provided data, NAGA does not charge commissions on trades. However, specific details about spreads or other fees are not specified in the provided context.
The minimum deposit amount to open an account with NAGA is 10 USD. This low entry threshold allows a wide range of traders to start trading with the broker.
NAGA offers the MetaTrader 5 trading platform, which supports multiple asset classes including Forex, stocks, and futures. MetaTrader 5 provides advanced analytics, faster execution, and algorithmic trading tools, and is available on desktop, mobile, web, and other operating systems.
NAGA Group AG is regulated by the Comisión Nacional del Mercado de Valores (CNMV) in Spain and the Seychelles Financial Services Authority (FSA). The CNMV is an onshore regulator providing client fund insurance up to €20,000, while the FSA is an offshore regulator with lower investor protection. Both regulators ensure compliance with financial standards in their jurisdictions.
NAGA has 2 licence records with Wikilix, issued by 2 authorities across 2 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
NAGA holds licence records issued by CNMV, FSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by NAGA comes from tier-1 or tier-2 authorities (1 tier-1, 0 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 2 licence records held by NAGA has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
NAGA has licence records in Cyprus, Seychelles. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.