Alpari Internationalvs
NAGAForex Broker Comparison
In this comparison, two forex brands vie on regulation, fees, and platforms. Alpari International leans on low deposits and raw spreads, while NAGA emphasizes regulatory protection and copy trading.
Our Verdict
NAGA winsby 0.1 pts
Alpari International and NAGA are closely matched overall; NAGA holds BaFin and CySEC licenses while Alpari operates under FSC Mauritius, and Alpari offers raw spreads whereas NAGA provides compensation and negative balance protection.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Regulatory framework differs: NAGA is BaFin/CySEC, Alpari is FSC Mauritius.
- 2Raw spreads exist with Alpari; NAGA offers no raw spread option.
- 3Number of instruments: Alpari 250, NAGA 950.
Who should choose Alpari International vs NAGA?
Find out which broker best suits your trader profile.
Choose Alpari International if…
Choose Alpari International if you want a low minimum deposit and access to raw spreads.
Choose NAGA if…
Choose NAGA if you prioritize strong regulation and investor-protection features like compensation and negative balance protection.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Alpari International offers tighter spreads from 0.00 pips vs 0.70 pips for NAGA, reducing trading costs.
Best for safety & regulation
Recommended
Alpari International vs NAGA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.3 / 5▲ |
Alpari International vs NAGA Forex Broker Pros & Cons
Pros
26-year brand history in retail forex
Mature PAMM investor platform, one of the originals
ECN accounts with $6 per-lot commission competitive with top ECN desks
Wide geographic reach across CIS, MENA, and Africa
Client funds held in segregated accounts
Alpari International vs NAGA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
Alpari International
criteria wins
5
NAGA
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Alpari International | NAGA |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
Alpari International vs NAGA: Frequently Asked Questions
The scores are close: Alpari International rates 3.9/5 and NAGA rates 4/5. NAGA has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Alpari International starts from 0 pips, tighter than NAGA's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Alpari International has $5, while NAGA requires at least $50. This makes Alpari International more accessible for traders with limited starting capital.
NAGA holds top-tier regulation (FSCA, BaFin, CySEC), providing stronger investor protections. Alpari International may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: Alpari International requires a lower minimum deposit ($5), lowering the barrier to entry, and NAGA provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
Alpari International lists maximum leverage of 1000:1, while NAGA lists up to 400:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Alpari International charges $6 per lot on commission-based accounts. Commission details for NAGA are not currently available. Check their website for up-to-date pricing.
Alpari International supports MetaTrader 5, MetaTrader 4, while NAGA supports MetaTrader 5, NAGA Trader. Both provide MetaTrader 5. Alpari International has exclusive access to MetaTrader 4. NAGA has exclusive access to NAGA Trader.
