eToro Vs. NAGA: Get Your Best Trading Platform With Complete Information
eToro was launched in 2006 and initially, it offered a general trading platform but has now added cryptocurrency and other tradable assets to keep up with the ever-changing market condition and growing demands.
eToro is one of the most secured platforms because it was regulated by the top regulations, click here to know more about their regulations.
NAGA was founded in 2015 to provide access to world markets through its trading platform so that investors can get big exposure. The firm complies with European legislation and is established under Cyprus laws offering access to stocks, cryptocurrencies, and virtual goods.
Trading Fees
eToro
NAGA
Account Opening Fee
No
No
Inactivity Fee
Yes
50 EUR
Deposit Fee
No
No
Withdrawal Fee
$5
10EUR/USD of the transactions below $30,000
Deposit And Withdrawal
eToro
NAGA
Minimum Deposit
A minimum deposit of $200
A minimum deposit of $30
Deposit Methods
All major credit cards – MasterCard, Visa, and Maestro along with Neteller, PayPal, WebMoney, Giropay, Wire Transfer, Yandex Money.
NAGA accepts 13 payment methods including VISA, MasterCard, Maestro, Neteller, Skrill, GiroPay, EPS, Clarinet, Transfers 24, Donner & Reuschel, Eurobank, and KB.
Withdrawal Methods
Withdrawal takes one business day. For funds to be reflected in the account, it may take 3-8 business days depending on the original deposit method.
Withdrawals are quick and traders can withdraw using anyone from the 13 payment methods
Customer Support
eToro
NAGA
Availability of Customer Support
24/5
24/5
Customer Support Via
Live chats, calls and web-based ticketing system
Online chat, telephone, and email
Trading Services
eToro
NAGA
One-click Trading
Yes
Yes
Price Alerts
Yes
Yes
Signal Trading
Yes
Yes
Watchlist
Yes
No
Trade Directly From the Chart
No
No
Social Trading
Yes
Yes
Smart Trading Tools
No
Yes, NAGA CYBO
Trading Platforms
eToro
NAGA
Proprietary Platform
Available
Available
Mobile Trading Platform
Available
Available
MetaTrader 4 And 5 Trading Platform
Unavailable
Available
Accounts
eToro
NAGA
Accounts Type
Demo Account
Live Account
Islamic Account
Corporate Account
Demo Account
Standard Naga Account
Pros And Cons
Pros
Cons
eToro
Free ETF and Stock Trading
Allows Social Trading
Seamless Account Opening
Slow Withdrawal
High Forex Fees
Supports Only One Base Currency
NAGA
No Minimum Deposit
NAGA Trader: A Web-based Social Trading Platform
A Good Leader Board Which Helps in Deciding Who to Copy
Great Customer Support Available for 24/5 via email, chat and call
High Spreads
Hidden Costs Like Inactive Account Fees, Maintenance Fees
Trading Platform More Focused Towards New or Less Experienced Traders
Conclusion
eToro is a zero-commission stock trading brokerage firm that offers a seamless and swift account opening. According to broker comparison 2020, eToro provides many trading services to its traders. There are many eToro advantages with innovative features, including social trading and copy trading, By Differentiate the broker we conclude that it is one of the most liked brokerage firms.
Also, eToro provides CopyPortfolios services to its trader to allows to trade in pre-set CopyPortfolios.
NAGA is a CySEC regulated brokerage firm offering countless benefits to other clients. The favorable condition offered by NAGA to its traders is one of the top reasons why traders should give it a chance.
