IC Marketsvs
NAGAStock Broker Comparison
IC Markets and NAGA square off on cost structures, equity access, and platform depth. The clash highlights two paths to stock exposure within regulated, multi-asset trading ecosystems.
Our Verdict
IC Markets winsby 0.4 pts
IC Markets edges NAGA on overall editorial score due to stronger trust, regulation, and platform breadth.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1IC Markets offers 24/5 live chat support; NAGA does not.
- 2NAGA provides a stock screener; IC Markets does not.
- 3NAGA uses a proprietary platform; IC Markets relies on standard platforms.
Who should choose IC Markets vs NAGA?
Find out which stock broker best suits your investing profile.
Choose IC Markets if…
Choose IC Markets if you value robust regulation and transparent pricing with USD 0.02 per US stock share CFDs. You also access MT4, MT5, cTrader, and TradingView, plus genuine DMA via IRESS to ASX and other global markets.
Choose NAGA if…
Choose NAGA if you want social trading features, including Autocopy that proportionally mirrors Champions' equity portfolios. You benefit from no minimum deposit and access to 600+ share CFDs across US, UK, and Europe on a proprietary platform.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for safety & regulation
It’s a tie
Both equally suited
IC Markets benefits from ASIC and CySEC oversight and compensation schemes.
Best for active traders
Recommended
IC Markets vs NAGA: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 4.1/ 5 | 3.7/ 5 |
| Min deposit | $200 | No minimum▼ lower |
| Spreads from | 0 pips▼ lower | 0.7 pips |
| Commission / lot | $7/lot | N/A |
IC Markets vs NAGA Stock Broker Pros & Cons
Pros
- 2,000+ share CFDs across US, UK, ASX, European, and Asian exchanges on MT5 and IRESS
- IRESS provides genuine DMA access to ASX and major global equity markets
- Commission-transparent pricing: USD 0.02/share on US stocks, no spread markup
- ASIC and CySEC regulated, tier-1 regulatory coverage for equity CFD trading
Cons
- CFDs only, no real share ownership, ISA wrapper, or dividend reinvestment programme
IC Markets vs NAGA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
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, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Pass |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Fail |
IC Markets vs NAGA: Frequently Asked Questions
The scores are close: IC Markets rates 4.1/5 and NAGA rates 3.7/5. IC Markets 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.
IC Markets lists tighter spreads from 0, compared with NAGA's 0.7. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
NAGA has no minimum deposit, 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 has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
IC Markets lists maximum leverage of 5:1, while NAGA lists up to 20:1. 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 trade on commission-based accounts. Commission details for NAGA are not currently available. Check their website for up-to-date pricing. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
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.
Neither IC Markets nor NAGA is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Both IC Markets and NAGA are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
