Wikilix
Licence record

CNMV licence 204/13

Holder
NAGA
Jurisdiction
Cyprus
Licence type
Market Making(MM)

This is Wikilix's record of a licence issued by Comisión Nacional del Mercado de Valores. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

Comisión Nacional del Mercado de Valores 204/13

Recorded from the firm's own disclosure. Not yet checked against the register.

Issuing authority
Comisión Nacional del Mercado de Valores
Holder
NAGA Group AG
Jurisdiction
Cyprus
Licence type
Market Making(MM)

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/comision-nacional-del-mercado-de-valores/naga/204-13Fields on file 2 / 11

Open NAGAAbout CNMV
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 1
Jurisdiction
Cyprus
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
204/13
Licence type (Wikilix classification)
Market Making(MM)
The authority

About CNMV

Comisión Nacional del Mercado de Valores is the authority that issued this licence, and the jurisdiction it applies in is Cyprus.

Full name
Comisión Nacional del Mercado de Valores
Jurisdiction
Cyprus
Strength
Tier 1The strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1988
Oversight
A government or statutory body
Firms we track under it
174 firms
Regulates
forex, Options, Derivatives, Commodity, Binary option, Futures, CFD
Licences it issues
MiFID Investment Firm Licence
Typical cost of a licence
€50000-100000
Public register
Searchable by the public
Transparency
High
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
This describes the authority's regime, not how NAGA applies it.
The holder

Who holds this licence

The licence above is recorded against NAGA. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
NAGA Group AG
Based in
Mongolia
Wikilix score
48.1the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • NAGA Group AGMongolia · Jan 1, 1996
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences NAGA holds

One other licence is on record for NAGA.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

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.
Licence 204/13 was issued by Comisión Nacional del Mercado de Valores (CNMV), the financial authority for Cyprus.
NAGA holds this CNMV licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the CNMV register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates CNMV tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
NAGA has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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