FP Marketsvs
NAGAForex Broker Comparison
This comparison pits FP Markets and NAGA in a battle over trust, pricing, and platform access. Each broker emphasizes different strengths that may shape your choice.
Our Verdict
FP Markets winsby 0.5 pts
FP Markets leads on editorial score, backed by stronger regulation and broader platform access than NAGA.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FP Markets provides raw ECN pricing from 0 pips.
- 2NAGA provides a proprietary social trading platform.
- 3NAGA combines MT5 with its own platform for copy trading.
Who should choose FP Markets vs NAGA?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets if you want raw ECN pricing from 0 pips and MT4/MT5 access.
Choose NAGA if…
Choose NAGA if you value BaFin and CySEC regulation with social copy trading.
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
FP Markets offers tighter spreads from 0.00 pips vs 0.70 pips for NAGA, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FP Markets vs NAGA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.3 / 5 |
FP Markets vs NAGA Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs NAGA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
FP Markets
criteria wins
1
NAGA
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | NAGA |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | 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 | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
FP Markets vs NAGA: Frequently Asked Questions
FP Markets rates 4.5/5 versus 4/5 for NAGA. FP Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
FP Markets 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.
NAGA has $50, while FP Markets requires at least $100. This makes NAGA more accessible for traders with limited starting capital.
Both FP Markets and NAGA hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: NAGA requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FP Markets lists maximum leverage of 500:1, 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.
FP Markets charges $6 per lot on commission-based accounts. Commission details for NAGA are not currently available. Check their website for up-to-date pricing.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while NAGA supports MetaTrader 5, NAGA Trader. Both provide MetaTrader 5. FP Markets has exclusive access to cTrader and IRESS and TradingView and MetaTrader 4. NAGA has exclusive access to NAGA Trader.
