IC Marketsvs
NAGAForex Broker Comparison
Two brokers compete on regulation, costs, and platforms. IC Markets emphasizes raw spreads and broad platform support, while NAGA leans into social trading and a proprietary platform.
Our Verdict
IC Markets winsClear Winner
IC Markets edges NAGA on overall editorial score and true ECN execution with 0.0 pip spreads. NAGA trails with its social trading focus.
IC Markets
4.7/5
NAGA
4.0/5
Key Differences
- 1IC Markets offers true ECN raw spreads; NAGA does not.
- 2IC Markets lists 2200 instruments while NAGA offers 950.
- 3NAGA provides a proprietary platform; IC Markets does not.
Who should choose IC Markets vs NAGA?
Find out which broker best suits your trader profile.
Choose IC Markets if…
Choose IC Markets if you want true ECN raw spreads and broad platform coverage.
Choose NAGA if…
Choose NAGA if you prefer social trading with auto copy and a proprietary platform.
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
IC 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
IC Markets vs NAGA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.7/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.3 / 5 |
IC Markets vs NAGA Forex Broker Pros & Cons
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
IC Markets vs NAGA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
IC Markets
criteria wins
1
NAGA
criteria win
Highlighted rows show where the two brokers differ
| Criteria | IC 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 |
IC Markets vs NAGA: Frequently Asked Questions
IC Markets rates 4.7/5 versus 4/5 for NAGA. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
IC 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 IC Markets requires at least $200. This makes NAGA more accessible for traders with limited starting capital.
Both IC 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.
IC 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.
IC Markets charges $7 per lot on commission-based accounts. Commission details for NAGA are not currently available. Check their website for up-to-date pricing.
IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4, while NAGA supports MetaTrader 5, NAGA Trader. Both provide MetaTrader 5. IC Markets has exclusive access to cTrader and TradingView and MetaTrader 4. NAGA has exclusive access to NAGA Trader.
