NAGA vs Plus500 Forex Broker Comparison
A head-to-head comparison of NAGA and Plus500 across regulation, trading costs, platforms, and editorial scoring.
BaFin-regulated German-headquartered social trading broker with a purpose-built copy trading ecosystem - NAGA Trader merges a social feed, ranked traders, and one-click copy into a single platform.
VS
LSE-listed with zero commission, intuitive proprietary platform, and negative balance protection - though limited research and no MT4.
Our Verdict
Too close to call
NAGA and Plus500 are extremely closely matched with scores of 4/5 and 4/5. The right choice depends on your individual trading priorities.
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
Plus500 offers tighter spreads from 0.6 pips vs 0.7 pips for NAGA, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for platform choice
Recommended
NAGA offers more exclusive platform options: MetaTrader 5, NAGA Trader, a proprietary platform.
Best for beginners
Recommended
Both brokers share the same editorial score of 4/5, but NAGA requires a lower minimum deposit ($50 vs $100 for Plus500), making it more accessible for new traders.
NAGA vs Plus500: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.2 / 5 |
Fees & Spreads 30% weight | 3.8 / 5 | 4.0 / 5▲ |
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.7 / 5 |
Customer Support 10% weight | 4.0 / 5▲ | 3.9 / 5 |
| Founded | 2015 | 2008 |
| Headquarters | Hamburg, Germany | Haifa, Israel |
| Min deposit | $50 | $100 |
| Spreads from | 0.7 pips | 0.6 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 400:1 | 30:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSCA CySEC BaFin | FCA ASIC MAS CySEC CMA |
| Platforms | MetaTrader 5 NAGA Trader | Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit NAGA | Visit Plus500 |
NAGA vs Plus500 Forex Broker Pros & Cons
Pros
BaFin and CySEC regulated - strong EU regulatory stack
NAGA Trader: purpose-built social trading with ranked auto-copy
950+ CFD instruments across multiple asset classes
MT5 available alongside proprietary platform
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Multilingual customer support
Pros
LSE-listed providing strong institutional credibility
Zero commission on all trades
Intuitive proprietary platform with a clean mobile app
Negative balance protection across all accounts
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Investor compensation scheme coverage
No deposit fees
Transparent pricing with clear cost disclosure
24/5 live chat support
Multilingual customer support
Cons
Inactivity fee triggers after just 90 days
Spreads not competitive with ECN brokers
Copy trading performance dependent on community quality
No raw spread account option
No phone support
Cons
No MT4 or MT5 support
Limited research tools and market analysis
US residents not accepted
No copy trading
No raw spread account option
Inactivity fee applies
No MetaTrader support
Limited charting capabilities
No phone support
NAGA vs Plus500: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
NAGA
criteria wins
0
Plus500
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | NAGA | Plus500 |
|---|---|---|
| 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 | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Fail |
| Multilingual support | Pass | Pass |
NAGA vs Plus500: Frequently Asked Questions
NAGA and Plus500 share the same editorial score of 4/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
Plus500 offers tighter spreads starting from 0.6 pips, compared to NAGA's spreads from 0.7 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
NAGA has a lower minimum deposit of $50, while Plus500 requires at least $100. This makes NAGA more accessible for traders with limited starting capital.
Both NAGA and Plus500 hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: NAGA has a lower minimum deposit ($50), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
NAGA offers maximum leverage of 400:1, while Plus500 offers up to 30:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
NAGA supports MetaTrader 5, NAGA Trader and Plus500 offers Proprietary Web/Mobile; NAGA exclusively offers MetaTrader 5, NAGA Trader; Plus500 exclusively offers Proprietary Web/Mobile.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 4 / 5
Score 4 / 5
More Broker Comparisons
More NAGA comparisons
Personalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker