FXCMvs
NAGAForex Broker Comparison
FXCM and NAGA face off on regulation, platforms, and instrument variety, with costs and access pulling in different directions.
Our Verdict
Too close to call0.1 pts apart
FXCM and NAGA are closely matched overall. NAGA shows a broader instrument range (950 vs 400) while FXCM offers phone support.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Phone support available on FXCM but not on NAGA.
- 2FXCM has 400 instruments; NAGA has 950.
- 3NAGA Trader enables social copy trading; FXCM lacks built-in copy.
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
FXCM offers tighter spreads from 0.40 pips vs 0.70 pips for NAGA, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FXCM vs NAGA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.3 / 5▲ |
FXCM vs NAGA Forex Broker Pros & Cons
Pros
Strong APIs (REST, FIX)
Trading Station + MT4
FCA regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
FXCM vs NAGA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
FXCM
criteria win
0
NAGA
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXCM | 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 | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | 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 |
FXCM vs NAGA: Frequently Asked Questions
The scores are close: FXCM rates 4.1/5 and NAGA rates 4/5. FXCM 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.
FXCM starts from 0.4 pips, tighter than NAGA's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Both FXCM and NAGA require a minimum deposit of $50 to open a live trading account.
Both FXCM 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
FXCM lists maximum leverage of 400:1, 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.
FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader, while NAGA supports MetaTrader 5, NAGA Trader. FXCM has exclusive access to ZuluTrade and Proprietary Web/Mobile and MetaTrader 4 and NinjaTrader. NAGA has exclusive access to MetaTrader 5 and NAGA Trader.
