NAGA and Skilling face off in a comparison of regulation, costs, and platforms. The matchup pits social trading tools against modern proprietary and classic platforms.
Both NAGA and Skilling are closely matched, with the clearest differentiator being Skilling's no inactivity fee versus NAGA's 90-day charge.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.70 pips.
| Editorial score | 4.0/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.3 / 5 |
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | NAGA | Skilling |
|---|---|---|
| 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 | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| 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 | Fail | Fail |
| Multilingual support | Pass | Pass |
The scores are close: NAGA rates 4/5 and Skilling rates 4.1/5. Skilling 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.
Both NAGA and Skilling start from 0.7 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
NAGA has $50, while Skilling requires at least $100. This makes NAGA more accessible for traders with limited starting capital.
Both NAGA and Skilling 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.
NAGA lists maximum leverage of 400:1, while Skilling lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
NAGA supports MetaTrader 5, NAGA Trader, while Skilling supports cTrader, Skilling Trader, MetaTrader 4. NAGA has exclusive access to MetaTrader 5 and NAGA Trader. Skilling has exclusive access to cTrader and Skilling Trader and MetaTrader 4.
Equally matched; both offer robust regulation and client funds segregation.
Skilling wins; it offers raw spreads and a modern platform for active traders.
Skilling is better suited for scalpers: raw/ECN spreads available.
Skilling wins; it provides Skilling Trader, cTrader, and MT4 access for varied needs.
Fees & Spreads 30% weight | 3.8 / 5 | 4.2 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.2 / 5 | 4.3 / 5▲ |
|---|
Customer Support 10% weight | 4.0 / 5 | 4.1 / 5▲ |
|---|
| Founded | 2015 | 2016 |
|---|
| Headquarters | Hamburg, Germany | Valletta, Malta |
|---|
| Min Deposit | $50▼ lower | $100 |
|---|
| Spreads From | 0.7 pips | 0.7 pips |
|---|
| Commission / lot | N/A | N/A |
|---|
| Max Leverage | 400:1 | 500:1▲ higher |
|---|
| Inactivity Fee | $10/month (after 90 days) | $10/month (after 90 days) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSCA BaFin CySEC | FCA FSCA CySEC |
|---|
| Platforms | MetaTrader 5 NAGA Trader | cTrader Skilling Trader MetaTrader 4 |
|---|
| Active bonuses |
|---|
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
Clean modern Skilling Trader platform, excellent UX for new-to-intermediate traders
cTrader available with raw spreads from 0.0 pips
CySEC and FCA regulation with EU and UK investor protections
Growing Latin American presence with local-language support
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
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
$100 minimum deposit on standard accounts
Newer broker, less track record than IG or Pepperstone
Product range narrower than multi-asset brokers
No phone support
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
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