NAGA

NAGA is a broker built around social and copy trading: its defining feature is the ability to automatically mirror the positions of other traders on the platform, which are ranked by profitability and number of followers.

It runs on MetaTrader 4 and 5 plus its own web and mobile app, and gives access to around 790 instruments — forex, stocks, crypto, indices, ETFs and commodities.

Accounts are tiered: the entry-level Iron tier starts from $10 with spreads around 1.7 pips on EUR/USD, and spreads tighten as you move up (Bronze from $2,500, Diamond from $50,000). Leverage reaches 1:1000 on forex for clients under the offshore entity, and is much lower on crypto and shares.

On regulation NAGA is a mixed picture: European clients are covered by CySEC and BaFin, while clients outside the EU are onboarded under the FSA of Seychelles, which offers far less oversight. Check which entity you are signing with, and only trade with capital you can afford to lose — copy trading does not remove risk, it just moves the decision to someone else.